Welcome to Gulf Terrace! This charming condo offers the perfect blend of comfort, convenience, and investment potential. Located less than a mile from Big Kahuna's Water Park, this property is ideal for a vacation home, rental, or primary residence.
Enjoy serene lake views right from your living room, creating a peaceful backdrop for your morning coffee or evening relaxation. This unit is move-in ready and fully furnished, featuring a 2018 HVAC unit, 2024 water heater, a newer stove, and a washer and dryer for added convenience.
Gulf Terrace is a gated community offering fantastic amenities including a sparkling pool, tennis courts, clubhouse, and plenty of green space for your pets — yes, this complex is pet-friendly!
Best of all, Gulf Terrace allows short-term rentals, making this an excellent opportunity for investors looking to maximize rental income in a prime Destin location. Conveniently close to the beach, dining, shopping, and entertainment, this condo offers the full Destin lifestyle at an incredible value.
Schedule your showing today and make this beautiful condo yours!
Sold for $215,000
$215,000
4000 Gulf Terrace Dr Unit 257, Destin, FL 32541
2beds
982sqft
Condominium
Built in 1973
-- sqft lot
$207,100 Zestimate®
$219/sqft
$2,252 Estimated rent
Home value
$207,100
$197,000 - $217,000
$2,252/mo
Zestimate® history
Owner options
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$2,252/mo
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$2,252/mo
Rent Zestimate®
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$1,444/mo
Est. payment
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$1,444/mo
Est. payment
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List your homeWhat's special
Gated communityTennis courtsSparkling poolNewer stove
Zillow last checked:
Listing updated:
Listed by:
Bonnie A Seals 850-240-0635,
ERA American Real Estate
Bought with:
Stephen Lundy, 3645905
EXP Realty LLC
Source: ECAOR,MLS#: 986605
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: First
- Area: 142.08 Square Feet
- Dimensions: 11.1 x 12.8
Bedroom
- Level: First
- Area: 129.41 Square Feet
- Dimensions: 10.11 x 12.8
Bathroom
- Level: First
- Area: 84 Square Feet
- Dimensions: 15 x 5.6
Kitchen
- Level: First
- Area: 78.32 Square Feet
- Dimensions: 8.8 x 8.9
Living room
- Level: First
- Area: 254.79 Square Feet
- Dimensions: 17.1 x 14.9
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Washer, Electric Water Heater
- Laundry: Common Area, Washer/Dryer Hookup
Features
- Owner's Closet, Natural Woodwork
- Flooring: Tile, Vinyl, Carpet
- Windows: Window Treatments
- Furnished: Yes
Interior area
- Total structure area: 982
- Total interior livable area: 982 sqft
Property
Features
- Exterior features: Balcony
- On waterfront: Yes
- Waterfront features: Lake Front
Details
- Parcel number: 002S22109500000257
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block, Frame, Stucco, Vinyl Siding, Trim Vinyl
- Foundation: Slab
- Roof: Metal
Condition
- Construction Complete
- New construction: No
- Year built: 1973
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: BBQ Pit/Grill, Community Room, Dumpster, Gated, Pavillion/Gazebo, Picnic Area, TV Cable, Tennis Court(s), Waterfront, Pickleball, Short Term Rental - Allowed
- Subdivision: GULF TERRACE CONDO
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Insurance, Sewer, Trash, Internet
Location
- Region: Destin
Financial & listing details
- Price per square foot: $219/sqft
- Tax assessed value: $225,000
- Annual tax amount: $2,147
- Date on market: 10/1/2025
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Sold | $215,000-2.2%$219/sqft |
Source:  ECAOR #986605 Report a problem | ||
| 3/22/2026 | Pending sale | $219,900$224/sqft |
Source: ECAOR #986605 Report a problem | ||
| 11/26/2025 | Price change | $219,900-2.3%$224/sqft |
Source: ECAOR #986605 Report a problem | ||
| 10/1/2025 | Listed for sale | $225,000-9.6%$229/sqft |
Source: ECAOR #986605 Report a problem | ||
| 6/21/2024 | Listing removed | -- |
Source: ECAOR #938793 Report a problem | ||
| 12/22/2023 | Listed for sale | $248,900-16.4%$253/sqft |
Source: ECAOR #938793 Report a problem | ||
| 10/26/2022 | Listing removed | -- |
Source: ECAOR #897247 Report a problem | ||
| 9/19/2022 | Price change | $297,900-0.4%$303/sqft |
Source: ECAOR #897247 Report a problem | ||
| 5/2/2022 | Listed for sale | $299,000+160%$304/sqft |
Source: ECAOR #897247 Report a problem | ||
| 9/20/2019 | Sold | $115,000-5.3%$117/sqft |
Source: ECAOR #820804 Report a problem | ||
| 8/15/2019 | Listed for sale | $121,500$124/sqft |
Source: Sea Coast Realty Group Inc #820804 Report a problem | ||
| 8/15/2019 | Pending sale | $121,500$124/sqft |
Source: Sea Coast Realty Group Inc #820804 Report a problem | ||
| 7/29/2019 | Price change | $121,500-1.9%$124/sqft |
Source: Sea Coast Realty Group Inc #820804 Report a problem | ||
| 4/30/2019 | Price change | $123,900-3.1%$126/sqft |
Source: Sea Coast Realty Group Inc #820804 Report a problem | ||
| 4/23/2019 | Listed for sale | $127,900+57.9%$130/sqft |
Source: Sea Coast Realty Group Inc #820804 Report a problem | ||
| 3/12/2017 | Listing removed | $1,300$1/sqft |
Source: Sea Coast Realty Group Inc #769631 Report a problem | ||
| 2/21/2017 | Listed for rent | $1,300$1/sqft |
Source: Sea Coast Realty Group Inc #769631 Report a problem | ||
| 5/12/2015 | Sold | $81,000-9.9%$82/sqft |
Source: ECAOR #717900 Report a problem | ||
| 1/6/2015 | Price change | $89,900-9.2%$92/sqft |
Source: SEA COAST REALTY GROUP INC #717900 Report a problem | ||
| 11/21/2014 | Price change | $99,000-9.2%$101/sqft |
Source: SEA COAST REALTY GROUP INC #717900 Report a problem | ||
| 11/14/2014 | Listed for sale | $109,000+51.8%$111/sqft |
Source: SEA COAST REALTY GROUP INC #717900 Report a problem | ||
| 4/29/2013 | Sold | $71,800$73/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,147 +2.8% | $144,946 +10% |
| 2024 | $2,089 +2.7% | $131,769 -42.7% |
| 2023 | $2,035 +27.4% | $230,000 +43.8% |
| 2022 | $1,597 +20.3% | $160,000 +38.5% |
| 2021 | $1,327 +17.9% | $115,500 +28.3% |
| 2020 | $1,126 +4.6% | $90,000 +5.9% |
| 2019 | $1,076 +8.9% | $85,000 +10.4% |
| 2018 | $989 | $77,000 +5.5% |
| 2017 | $989 +3.6% | $73,000 |
| 2016 | $954 +0.6% | $73,000 +10.6% |
| 2015 | $948 +8.5% | $66,000 +6.5% |
| 2014 | $874 | $62,000 +6.9% |
| 2013 | -- | $58,000 +3.6% |
| 2012 | -- | $56,000 -3.4% |
| 2011 | -- | $58,000 -13.4% |
| 2010 | -- | $67,000 -9.5% |
| 2009 | -- | $74,000 -21.3% |
| 2008 | -- | $94,000 -36.1% |
| 2007 | -- | $147,000 -21.4% |
| 2006 | -- | $187,000 +58.5% |
| 2005 | -- | $118,000 +87.3% |
| 2004 | -- | $63,000 +8.4% |
| 2003 | -- | $58,100 +1.9% |
| 2002 | -- | $57,000 |
| 2001 | -- | $57,000 |
Find assessor info on the county website
Neighborhood: 32541
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Nearby schools
GreatSchools rating
- 10/10Destin Elementary SchoolGrades: PK-4Distance: 1.8 mi
- 9/10Destin Middle SchoolGrades: 5-8Distance: 2.6 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 10.5 mi
Schools provided by the listing agent
- Elementary: Destin
- Middle: Destin
- High: Destin
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Okaloosa County
- Destin
- 32541
- 4000 Gulf Terrace Dr Unit 257
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