4000 Gulf Terrace Drive UNIT 131, Destin, FL 32541

$225,000

Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 738 Status: Active

Current Price: $225,000 List Date: 9/18/2026 Last Modified: 10/08/2026

Overview

Description

Profitable Short-Term Rental - No Milestone Inspections Required! Looking for an investment property that actually makes financial sense? This turnkey one-bedroom condo in Gulf Terrace rents very well and sits right on the lake. Located in the heart of Destin, Gulf Terrace offers an unbeatable location with 26 acres of beautifully manicured grounds, featuring three pools, two tennis courts, and a spring-fed lake for a fantastic view. This fully furnished condo comfortably accommodates up to six guests with a king bed in the master and a queen sleeper sofa in the living room. Enjoy lake views from the spacious patio, easy access to the pool, and a bright, open living area. Whether you're looking for a high-performing rental, a second home, or your own affordable home here along the coast, make sure to check this one out!

Listing Details MLS# 1012278

Contract Info

List Price/SqFt: 304.88
Listing Board: Emerald Coast

Location Tax and Legal

Area: 14 - Destin
Street #: 4000
Street Name: Gulf Terrace
Street Suffix: Drive
State: FL
Zip Code: 32541
County: Okaloosa
Project Name/Subdivision: GULF TERRACE CONDO
Parcel ID: 00-2S-22-1095-0131-0000

General Property Info

Sub-Type: Condominium
Design: N/A
Apx SqFt(Htd/Cooled): 738
SqFt Source: Condo Docs
Full Baths: Yes
Total Bathrooms: Yes
Stories In Unit: Yes
Unit Floors Above Ground: Yes
Year Built: 1973
Immediate Occupancy: Yes
Garage: No
Carport: No
Street Spaces: 2
Pool: Yes
Pool Type: Community

More Information

Property Features

Construction Status: Construction Complete Waterfront: Lake Waterview: Lake Project Facilities: BBQ Pit/Grill; Community Room; Dumpster; Gated Community; Laundry; Pavillion/Gazebo; Pets Allowed; Picnic Area; Pool; Tennis; TV Cable Exterior: Patio Covered Interior: Breakfast Bar; Ceiling Crwn Molding; Floor Tile; Furnished - All; Window Treatment All Appliances: Dishwasher; Dryer; Microwave; Refrigerator; Smoke Detector; Stove/Oven Electric; Washer Utilities: Public Sewer; Public Water; TV Cable Energy: AC - Central Elect; Heat Cntrl Electric; Water Heater - Elect Master Bedroom: First Kitchen: First Living Room: First Full Bathroom: First Rooms: Dining Room; Full Bathroom; Kitchen; Living Room; Master Bedroom Financing: Conventional; FHA; VA Fees Include: Accounting; Ground Keeping; Insurance; Internet Service; Master Association; Recreational Faclty; Trash; TV Cable; Water

Room Information

Room Name	Level	Dimensions	Length	Width
Living Room	First	25 x 22	25.00	22.00
Dining Room	First	22 x 6	22.00	6.00
Kitchen	First	8 x 5	8.00	5.00
Master Bedroom	First	18 x 10	18.00	10.00
Full Bathroom	First	10 x 5	10.00	5.00

Listing Office: Levin Rinke Realty

Last Updated: October - 08 - 2026

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.