4000 Gulf Terrace Drive 112, Destin

$240,000

2 Beds
1 Bath
982 Sqft
0 Acre
0 Garage

Prime Investment Opportunity: Destin 2BR 1BA Condominium. This first-floor condominium presents a fantastic investment opportunity with NO RENTAL RESTRICTIONS, allowing for flexible income potential. Though it requires upgrades, this unit promises great returns in the sought-after Destin market. It is part of the most affordable complex to own in Destin. All offers are welcome! No Flood Zone!
Community Features: gated entrances from HWY 98 and Airport Rd,
Access to 3 swimming pools, including one heated, Tennis/pickleball court, EV and a clubhouse for owners.
HOA Coverage: The monthly fee covers building insurance and exterior maintenance, water, internet, sewer, trash, landscaping, and maintenance of pools and gates, ensuring low maintenance for the homeowner. See More Section Seller's Motivations and Additional Property Features:
The seller is motivated and willing to assist with closing costs, making this an even more attractive opportunity. Never having occupied the property, the seller has consistently rented it long-term, evidencing its strong rental potential.
The complex offers convenient boat parking exclusively for owners at a minimal monthly fee, catering to those who love boating adventures. Additionally, the on-site laundry facility is undergoing a remodel to enhance its modern look and efficiency.
Located just 0.7 miles from public beach access, this property positions residents right across the street from the Gulf of America. This condominium is in close proximity to popular attractions such as the Morgan Sportsplex, The Track, Big Kahuna Waterpark, and the Sun Destin Hotel featuring the PhatFish Restaurant. These nearby destinations add significant appeal for both residents and potential renters. Within the complex, you'll find Quail Lake, a recently stocked catch-and-release natural aquifer, perfect for leisurely fishing and relaxation.

Essential Information
MLS® #968843
Price$240,000
Sold Price$218,000
Date Sold$2025-11-04
Bedrooms2
Bathrooms1.00
Full Baths1
Square Footage982
Year Built1973
TypeResidential
Sub-TypeCondominium
StyleN/A
StatusSold
Community Information
Address4000 Gulf Terrace Drive 112
Area14 - Destin
SubdivisionGULF TERRACE CONDO
CityDestin
CountyOkaloosa
StateFL
Zip Code32541
Amenities
Has PoolYes
PoolIn Ground
Amenities

BBQ Pit/Grill, Community Room, Dumpster, Gated Community, Laundry, Pavillion/Gazebo, Pool, TV Cable, Tennis, Waterfront, Pets Allowed, Short Term Rental - Allowed

Utilities

Electric, Public Sewer, Public Water, TV Cable

Interior
Interior FeaturesBreakfast Bar, Pantry
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
Appliances

Dishwasher, Microwave, Refrigerator, Electric Water Heater

Exterior
RoofFlat, Metal
ConstructionBlock, Frame, Siding Vinyl
Exterior Features

Outdoor Grill, Sprinkler System, Tennis Court(s)

School Information
ElementaryDestin
MiddleDestin
HighDestin
Additional Information
Days on Website607
HOA Fees722.13
HOA Fees Freq.Monthly
Office

Waves of the Emerald Coast Realty LLC

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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 18th, 2026 at 3:52pm CDT.