4000 Gulf Terrace DR #187 Destin, FL 32541 New

UPDATED: 06/08/2026 04:25 PM ON MARKET: 1 days on market

$199,900

1 Bed1 Bath738 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 738 sqft

Price per Sqft $270

Subdivision Gulf Terrace Condo

MLS Listing ID 1004965

Bedrooms 1

Full Baths 1

HOA Y/N Yes

Year Built 1973

Annual Tax Amount $1,500

Tax Year 2025

Property Sub-Type Condominium

Source Emerald Coast Association of REALTORS®

Land Area 738

Property Description

Turnkey Investment Opportunity! This beautifully updated 1-bedroom condo comfortably sleeps up to 6 guests and is ideally located in the heart of the area, just minutes from sugar-white beaches, popular restaurants, shopping, and local attractions. Situated on the ground floor for easy access, this well-maintained unit offers convenience and comfort for both owners and guests.

Inside, you'll find tasteful coastal décor, stainless steel appliances, a flat-surface stove, and an updated shower/tub combination that adds a modern touch. The open layout maximizes space and functionality, making it an ideal vacation retreat or income-producing rental property.

Resort-style amenities include multiple swimming pools, tennis courts, a scenic lake, grilling areas, and beautifully maintained grounds. Whether relaxing by the pool, enjoying outdoor activities, or exploring the nearby beaches and entertainment, guests have everything they need for an unforgettable stay.

With a strong rental history and excellent location, this condo is the perfect choice for investors, second-home buyers, or anyone seeking an affordable beach getaway with exceptional earning potential.


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