Skip main navigation
For sale
  • $255,000

    4000 Gulf Terrace Dr Unit 279, Destin, FL 32541

    2beds
    982sqft
    : 
    $1,648/mo
    Get pre-qualified
    Condominium
    Built in 1973
    -- sqft lot
    $-- Zestimate®
    $260/sqft
    $-- HOA

    What's special

    Discover Gulf Terrace if you're looking for a full-time residence, second home, or investment property. This private top floor 2-bedroom 1 Bath coastal retreat has been thoughtfully renovated for style, comfort, and is located in the heart of Destin. You cant get a better location! Enjoy the exceptional neighborhood with an abundance of green spaces, and amenities. There are three remodeled community pools (one seasonally heated), tennis courts with pickleball lines, and a prime location less than one mile from public beach access at June Decker Beach Trail.
    240 days
    |
    150
    |
    10
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Caryl Gibson 850-685-7086,

    South Walton Realty Sales LLC

    Source: ECAOR,MLS#: 990866MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Bedroom
      • Description: master bedroom
      • Level: First
      • Area: 132 Square Feet
      • Dimensions: 12 x 11
      Bedroom
      • Description: 2nd Bedroom
      • Level: Second
      • Area: 132 Square Feet
      • Dimensions: 12 x 11
      Kitchen
      • Description: open to dining area
      • Level: First
      • Area: 80 Square Feet
      • Dimensions: 10 x 8
      Living room
      • Description: Dining/Living Combo
      • Level: First
      • Area: 304 Square Feet
      • Dimensions: 19 x 16
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Disposal, Refrigerator, Electric Water Heater
      • Laundry: Common Area
      Features
      • Bookcases
      • Flooring: Carpet
      • Windows: Window Treatments
      • Furnished: Yes
      Interior area
      • Total structure area: 982
      • Total interior livable area: 982 sqft

      Property

      Features
      • Exterior features: Balcony
      • Pool features: Heated, In Ground
      • Has view: Yes
      • View description: Lake
      • Has water view: Yes
      • Water view: Lake
      Details
      • Parcel number: 002S22109500000279

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Materials
      • Stucco, Vinyl Siding, Trim Vinyl
      • 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, Pool, Tennis Court(s), Waterfront, Pickleball, Short Term Rental - Allowed
      • Subdivision: GULF TERRACE CONDO
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds, Recreational Faclty, Sewer, Water
      Location
      • Region: Destin

      Financial & listing details

      • Price per square foot: $260/sqft
      • Tax assessed value: $215,000
      • Annual tax amount: $2,089
      • Date on market: 12/5/2025

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        12/5/2025Listed for sale$255,000+483.3%$260/sqft
        Source: ECAOR #990866 Report a problem
        3/4/2019Sold$43,714-46%$45/sqft
        Source: Public Record Report a problem
        9/16/2002Sold$81,000+8%$82/sqft
        Source: Public Record Report a problem
        12/4/2001Sold$75,000$76/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,093 +0.2%$144,946 +10%
        2024$2,089 -1.3%$131,769 -46.2%
        2023$2,117 +28%$245,000 +44.1%
        2022$1,653 +27.7%$170,000 +54.5%
        2021$1,295 +15%$110,000 +22.2%
        2020$1,126 +4.4%$90,000 +5.9%
        2019$1,078 +12%$85,000 +13.3%
        2018$963 $75,000 +4.2%
        2017$963 +2.3%$72,000 +2.9%
        2016$941 +4%$70,000 +11.1%
        2015$905 +8.4%$63,000 +6.8%
        2014$835 $59,000 +7.3%
        2013-- $55,000 +3.8%
        2012-- $53,000 -1.9%
        2011-- $54,000 -14.3%
        2010-- $63,000 -10.6%
        2009-- $70,500 -25%
        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

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32541

        Getting around

        48 / 100
        Car-Dependent
        45 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Destin
        • Middle: Destin
        • High: Fort Walton Beach

        Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes