4000 Gulf Terrace Drive 257, Destin

$245,000

Click the arrows next to the image to browse our photo gallery for this property.

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

Status
Active
MLS® #
1011307
Price
$245,000
Days On Website
43
Bedrooms
2
Bathrooms
1.00
Full Baths
1
Square Footage
982
Year Built
1973
Type
Residential
Sub-Type
Condominium
Style
N/A

Community Information

Address
4000 Gulf Terrace Drive 257
Area
14 - Destin
SubArea
1403 - Destin Northwest
Subdivision
GULF TERRACE CONDO
City
Destin
County
Okaloosa
State
FL
Zip Code
32541

Amenities

View
Lake
Is Waterfront
Yes
Waterfront
Lake Front

Utilities

Electric, Public Sewer, Public Water, TV Cable

Interior

Heating
Central
Cooling
Central 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 Features
Balcony
Windows
Window Treatments
Roof
Metal
Foundation
Slab

Construction

Block, Frame, Stucco, Siding Vinyl, Trim Vinyl

School Information

Elementary
Destin
Middle
Destin
High
Destin

Additional Information

Days on Website
43

Listing Details

Office
The Ketchersid Group LLC

LISTING MAP

Get directions to this property:

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 16th, 2026 at 3:22pm CDT.