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4000 Gulf Terrace Drive #UNIT 122, Destin, FL 32541

Destin
Local realty services provided by:CENTURY 21 AllPoints Realty
4000 Gulf Terrace Drive #UNIT 122,Destin, FL 32541
$250,000
  • 2 Beds
  • 1 Baths
  • 1,050 sq. ft.
  • Condominium
  • Active
Listed by:
Office: century 21 allpoints realty
MLS#:1013697
Source:FL_ECAR

Price summary

  • Price:$250,000
  • Price per sq. ft.:$238.1

About this home

INVESTOR OPPORTUNITY IN THE HEART OF DESTIN! Unit 122 at Gulf Terrace offers an exciting opportunity for first-time investors or savvy buyers looking to create value in one of the Emerald Coast's most popular vacation destinations. Bring your vision and add your personal touch to this condo while exploring its potential to build equity and generate vacation rental income. Updated comparable units have demonstrated **proven gross rental income of approximately $67K annually**, offering an attractive benchmark for investors considering the possibilities here. 2025 Actual Gross Income $55,790 2026 Actual Gross Income YTD over $51K Ideally located in the heart of Destin, Gulf Terrace puts you close to the area's most popular attractions, including Big Kahuna's Water & Adventure Park, the Destin Harbor, world-class fishing, beautiful Gulf beaches, shopping, dining, and entertainment. The gated community features 3 swimming pools (1 heated), tennis courts, pickleball and beautifully...

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Home facts

  • Year built:1973
  • Subdivision & Development:GULF TERRACE CONDO
  • Listing ID #:1013697
  • Added:1 day(s) ago
  • Updated:October 14, 2026 at 04:48 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:5
  • Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator/Icemaker, Stove Top, Stove/Oven Electric
  • Living area:1,050 sq. ft.

Heating and cooling

  • Central air:Yes

Structure and exterior

  • Year built:1973
  • Building area:1,050 sq. ft.
  • Exterior Features:Sprinkler System

Schools

  • High school:Destin
  • Middle school:Destin
  • Elementary school:Destin

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$250,000
  • Price per sq. ft.:$238.1
  • Tax amount:$2,546 (2025)

Features and amenities

  • Appliances:Dishwasher, Disposal, Dryer, Microwave, Refrigerator w/Ice Maker, Smooth Stovetop Rnge, Stove/Oven Electric, Washer
  • Laundry features:Dryer, Washer
The information being provided by Emerald Coast Association Of REALTORS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Emerald Coast Association Of REALTORS®. CENTURY 21 AllPoints Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 AllPoints Realty, a broker participant of Emerald Coast Association Of REALTORS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Emerald Coast Association Of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Emerald Coast Association Of REALTORS®. All rights reserved. FL_ECAR Member Broker: Ron Jones

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