4000 Gulf Terrace Drive 257, Destin

$245,000

2 Beds
1 Bath
982 Sqft
0 Acre
0 Garage

Lake Views, Proven Rental Income, Close to the Beach, Amenities & Turnkey Ease -WOW- Wake up to peaceful views, coffee in hand, and a front-row seat to the daily show of turtles, ducks, & the fountains dancing water spray from your private balcony. Beautifully decorated and sold fully furnished, this condo is ready to enjoy, rent, or do both--with all appliances plus a washer and dryer already in place. An active VRBO rental and proven rental history are already established, giving you the opportunity to step in and start generating income from day one.
And when you're ready for some beach time, you're only 0.8 miles from public beach access and minutes from the sugar-white sands, local restaurants, shopping, entertainment, and endless outdoor fun. But you may find yourself spending more time at Gulf Terrace than you expected! This pet-friendly community offers 3 swimming pools, including a heated pool, a large dog park, 2 tennis and pickleball courts, EV chargers, BBQ grills, picnic areas, and a beautiful lake with a fountain where fishing is welcome on a catch-and-release basis. Two gated entrances--one from Highway 98 and another from Airport Road--make coming and going a breeze, while free parking includes spaces for boats, trailers, and golf carts. And for an added bonus, the property is located outside the flood zone.
Whether you're looking for a full-time residence, a beach getaway, or an investment property that already has a rental history, this one brings together the features buyers are looking for: lake views, convenient beach access, resort-style amenities, turnkey furnishings, and established short-term rental income. This is one you'll want to see in person--the views, décor, and overall feel simply don't come through in photos. Schedule your private showing and come see what makes this one stand out!

Essential Information
MLS® #1011307
Price$245,000
Bedrooms2
Bathrooms1.00
Full Baths1
Square Footage982
Year Built1973
TypeResidential
Sub-TypeCondominium
StyleN/A
StatusActive
Community Information
Address4000 Gulf Terrace Drive 257
Area14 - Destin
SubdivisionGULF TERRACE CONDO
CityDestin
CountyOkaloosa
StateFL
Zip Code32541
Amenities
ViewLake
Is WaterfrontYes
WaterfrontLake Front
Utilities

Electric, Public Sewer, Public Water, TV Cable

Interior
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
Interior Features

Owner's Closet, Split Bedroom, Washer/Dryer Hookup, Natural Woodwork

Appliances

Dishwasher, Disposal, Dryer, Microwave, Washer, Electric Water Heater

Exterior
Exterior FeaturesBalcony
WindowsWindow Treatments
RoofMetal
FoundationSlab
Construction

Block, Frame, Stucco, Siding Vinyl, Trim Vinyl

School Information
ElementaryDestin
MiddleDestin
HighDestin
Listing Details
OfficeThe Ketchersid Group LLC
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Listing information last updated on October 14th, 2026 at 5:07pm CDT.