4000 Gulf Terrace Drive 278, Destin, FL 32541
GULF TERRACE CONDO · Okaloosa County
Key Facts
Description
2 Bedroom, 2 Full Bath Condominium in Gulf Terrace - Destin, FL Turnkey investment opportunity just minutes from the beach! This beautifully renovated condominium offers a short walk to Destin's white-sand beaches and is perfectly positioned for short-term rental income. Fully remodeled from top to bottom, the unit feels like new construction--featuring all-new electrical wiring, plumbing, HVAC system, sheetrock, insulation, water heater, and a new hurricane-rated patio sliding door. Every detail has been updated for durability, efficiency, and guest appeal. Sold fully furnished with all contents included, this unit is completely move-in ready or can continue operating immediately as a revenue-generating short-term rental. Disclaimer: All measurements to be verified by buyer.
Property Information
Property Type
Residential
Sub-Type
Condominium
Style
N/A
Year Built
1973
Stories
2
Living Area
982 sq ft
Days on Market
64
MLS® Listing#
999967
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Pool
Laundry
Lot Features
Construction
Roof
Windows
Security
Community
Utilities
Sewer
Water Source
Rooms
- Bedroom11 x 12First
- Bedroom11 x 12First
- Kitchen8 x 8First
- Living Room18 x 14First
Schools
- Elementary:
- Destin
- Middle:
- Destin
- High:
- Destin
Financial Details
HOA
$628 / Monthly
Annual Taxes
$2,202
Tax year 2025
Parcel Number
00-2S-22-1095-0000-0278
Directions
Highway 98, East. Turn North onto Gulf Terrace Drive. Entrance is west of Airport Road. Gate Code Needed.
Affordability Calculator
$68,980
Estimated monthly payment
$1,836/mo
Principal $275,920 · Est. interest $384,933 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Destin, FL
- $639,560
- Median Listing Price
- 115
- Median Days on Market
- 1,500
- Median Sq Ft
- $460
- Median Price / Sq Ft
- 708
- Active Listings
- This home’s price is 46% below the area median.
- Its price per sq ft is 24% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Destin, FL.
Location
Points of Interest in Destin, FL
Showing the Destin area map.
Nearby Schools
Asheford Institute of Antiques
School · 1.3 mi away
Destin High School
Secondary · 1.4 mi away
Destin Elementary School
Elementary · 1.7 mi away
Destin Middle School
Secondary · 2.6 mi away
Gateway Academy
School · 6.8 mi away
Eglin Elementary School
Elementary · 7.1 mi away
Addie R Lewis School
Elementary · 7.4 mi away
Bluewater Elementary School
Elementary · 7.6 mi away
Shalimar Elementary School
Elementary · 7.7 mi away
Niceville Head Start
School · 7.8 mi away
Meigs Middle School
Secondary · 8.0 mi away
Ami Kids Emerald Coast
School · 8.1 mi away
Elliott Point Elementary School
Elementary · 8.1 mi away
Okaloosa County School District
School · 8.5 mi away
St. Paul Lutheran Church and School of Niceville
School · 8.6 mi away
James E. Plew Elementary School
Elementary · 8.6 mi away
Niceville High School
Secondary · 8.7 mi away
Emerald Coast Autism Center
School · 8.7 mi away
Longwood Elementary School
Elementary · 8.7 mi away
Okaloosa Stemm Center
Secondary · 8.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4000 Gulf Terrace Dr 105, Destin, FL | $242,500 | 2 | 1 | 982 |
| 4000 Gulf Terrace Drive 282, Destin, FL | $245,000 | 2 | 2 | 982 |
| 4050 Dancing Cloud Court 296, Destin, FL | $248,000 | 2 | 2 | 1,090 |
| 4075 Dancing Cloud Court 197, Destin, FL | $250,000 | 2 | 2 | 1,013 |
| 4000 Gulf Terrace Drive 2005, Destin, FL | $250,000 | 2 | 2 | 982 |
| 4000 Gulf Terrace Drive 279, Destin, FL | $255,000 | 2 | 1 | 982 |
Moving Cost Estimate
EXIT Agents in Destin
Listing Courtesy: BodiuRealty LLC - 8503683042