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

Destin
Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast
4000 Gulf Terrace Drive #UNIT 122,Destin, FL 32541
$250,000
  • 2 Beds
  • 1 Baths
  • 1,050 sq. ft.
  • Condominium
  • Active
Listed by: rhonda c johnson
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:7 day(s) ago
  • Updated:October 22, 2026 at 03:11 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
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