About This Home

This 2-bedroom, 1-bathroom condo at 4000 Gulf Terrace Drive #257 in Destin, FL is listed for $245,000 ($249 per sqft). Built in 1973, the home offers 982 sqft of living space on a N/A lot.

Key Features

  • Built in 1973
  • 2 stories
  • Waterfront

Property Details

2 stories
1 full
#257
1973

Amenities

EV ChargerWaterfrontViewA/C
Listing Description

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 alre

ady 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, decor, and overall feel simply don't come through in photos. Schedule your private showing and come see what makes this one stand out!

Monthly Cost Estimate

$2,032/mo

20% down · 6.5% · 30 years

Principal$177
Interest$1,062
Insurance$71
HOA$722

Estimates only. Actual payments may vary.

Location

4000 Gulf Terrace Drive #257

Destin, FL 32541

GULF TERRACE CONDO

Features & Amenities

Interior Features

Owner's ClosetSplit BedroomWasher/Dryer HookupWoodwork Stained

Exterior Features

Balcony

Property Details

Flooring

TileCarpetVinyl

Construction

Block Frame Siding Vinyl Stucco Trim Vinyl

Views

Lake

Heating

Central

Cooling

Central Air

Appliances

DishwasherDisposalDryerMicrowaveOven Self CleaningRefrigerator W/IceMkStove/Oven ElectricWasherWater Heater - Elect

Questions & Answers

This 2-bedroom, 1-bathroom condo at 4000 Gulf Terrace Drive is listed at $245,000 ($249/sqft). The estimated monthly payment is $2,032 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $722/month.

Key features include: Built in 1973, 2 stories, Waterfront. Interior Features: Owner's Closet, Split Bedroom, Washer/Dryer Hookup. Exterior Features: Balcony.

This property is listed by Crystal D Newborn.

CN

Crystal D Newborn

License 3463940

Agent at The Ketchersid Group

Listed by The Ketchersid Group · Broker phone: (850) 830-8576 · View on Broker Site · Broker website

MLS# 1011307· Source: Emerald Coast Association of Realtors· 55 days on PropertySimple

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4000 Gulf Terrace Drive #257, Destin, FL 32541

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