4000 Gulf Terrace Drive 286, Destin

$255,000

1 Bed
1 Bath
830 Sqft
0 Acre
0 Garage

Highly motivated seller -- bring your offers!
High-performing 1 bed, 1 bath condominium in Destin, Florida generating a consistant and profitable annual rental income for the past 4 years. This unit consistently outperforms comparable properties in the area, demonstrating exceptional demand and proven success. A detailed income report for the past four years is available, highlighting its strong and reliable revenue history.

This condominium is offered turnkey and is already generating consistent monthly income with active rental bookings in place, making it an outstanding investment opportunity or an ideal primary or secondary residence.

The unit is being sold fully furnished, including all items shown in the listing, and is completely move-in ready or prepared to continue operating immediately as a short-term rental. Everything is new from Electrical wiring, HVAC system,Sheetrock, Water Heater, Slididing door and Insulation .

Disclaimer: All measurements to be verified by buyer.

Essential Information
MLS® #993789
Price$255,000
Sold Price$235,500
Date Sold$2026-05-12
Bedrooms1
Bathrooms1.00
Full Baths1
Square Footage830
Year Built1973
TypeResidential
Sub-TypeCondominium
StyleN/A
StatusSold
Community Information
Address4000 Gulf Terrace Drive 286
Area14 - Destin
SubdivisionGULF TERRACE CONDO
CityDestin
CountyOkaloosa
StateFL
Zip Code32541
Amenities
ViewLake
Utilities

Electric, Public Sewer, Public Water, TV Cable

Interior
Interior FeaturesKitchen Island
CoolingCentral Air
Appliances

Cooktop, Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Washer, Electric Water Heater

Exterior
Exterior FeaturesBalcony
RoofMetal
ConstructionStucco, Siding Vinyl
School Information
ElementaryDestin
MiddleDestin
HighDestin
Additional Information
Days on Website262
Listing Details
OfficeBodiuRealty LLC
Property History
Price Reduced from $268,000 to $255,000
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DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 15th, 2026 at 7:52am CDT.