$2,909 Closing Credit¹
#973999, Michael A Catanese, Listing Office: Hooker Real Estate
$240,000 List price
4000 Gulf Terrace Dr Unit 112 Destin, FL 32541
$2,850
Closing credit¹
2 beds
1 full
982 sqft
$244 / sqft
Condo
Property details
About 4000 Gulf Terrace Dr Unit 112
Prime Investment Opportunity: Destin 2BR 1BA Condominium. This first-floor condominium presents a fantastic investment opportunity with NO RENTAL RESTRICTIONS, allowing for flexible income potential. Though it requires upgrades, this unit promises great returns in the sought-after Destin market. It is part of the most affordable complex to own in Destin. All offers are welcome! No Flood Zone! Community Features: gated entrances from HWY 98 and Airport Rd, Access to 3 swimming pools, including one heated, Tennis/pickleball court, EV and a clubhouse for owners. HOA Coverage: The monthly fee covers building insurance and exterior maintenance, water, internet, sewer, trash, landscaping, and maintenance of pools and gates, ensuring low maintenance for the homeowner. See More Section Sellers Motivations and Additional Property Features: The seller is motivated and willing to assist with closing costs, making this an even more attractive opportunity. Never having occupied the property, the seller has consistently rented it long-term, evidencing its strong rental potential. The complex offers convenient boat parking exclusively for owners at a minimal monthly fee, catering to those who love boating adventures. Additionally, the on-site laundry facility is undergoing a remodel to enhance its modern look and efficiency. Located just 0.7 miles from public beach access, this property positions residents right across the street from the Gulf of America. This condominium is in close proximity to popular attractions such as the Morgan Sportsplex, The Track, Big Kahuna Waterpark, and the Sun Destin Hotel featuring the PhatFish Restaurant. These nearby destinations add significant appeal for both residents and potential renters. Within the complex, youll find Quail Lake, a recently stocked catch-and-release natural aquifer, perfect for leisurely fishing and relaxation.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCeiling Fan(s), Central Air
Size982 sqft
Year built1973
MLS #968843
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Microwave, Refrigerator, Electric Oven
- Interior: Breakfast Bar, Pantry
- Total Bedroom Count: 2
- Private Pool: No
- Exterior: BBQ Pit/Grill, Sprinkler System, Tennis Court
- Architectural Style: N/A
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- List Price: $240,000
- Price/SqFt: $244
- HOA Amount: $625 Monthly
- Annual Tax Amount: $2,551
- Tax Year: 2023
- Directions: Driving on HWY 98 heading west, turn right, gate access next to Waffle House. CODE required. Pass the gate, take right, building 3 will be on your left, straight across from the tennis courts.
- Year Built: 1973
- Living Area: 982 SqFt
- MLS Number: 968843
- MLS Name: Emerald Coast Association of REALTORS®
- Office Name: Waves of the Emerald Coast Realty LLC
- Office Email: alina.fl.homes@gmail.com
- Listing Agent: Alina Jackson
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, Copyright 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2025, 1:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$240,000
4000 Gulf Terrace Dr Unit 112
$2,850
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 15, 2021 | Home Sold | $179,000 |
| Nov 20, 2002 | Home Sold | $65,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $245,000 | $2,551 |
| 2022 | $170,000 | $2,048 |
| 2021 | $110,000 | $2,048 |
| 2020 | $90,000 | $1,294 |
| 2018 | $75,000 | $963 |
| 2017 | $72,000 | $940 |
History based on county public records data.
Nearby schools
8
Destin Elementary School
Public District PK-4
1.7 mi
•630 Kelly St
7
Eglin Elementary School
Public District KG-4
7.2 mi
•200 Gaffney Rd
9
Bluewater Elementary School
Public District KG-5
7.7 mi
•4545 Range Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,250. Residents of Destin, FL typically earn less than $<35k each year. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
53%
<35k
37%
35k-100k
6%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
64%
Single, No Kids
8%
Single, with Kids
22%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
3%
12-17 yrs old
40%
18-34 yrs old
38%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Soccer
Continuing Education Courses
Mexican League Soccer
Where do the neighbors shop?
Forever 21
Express/Express For Men
Books-a-Million
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Church's Chicken
What do the neighbors drive?
Mazda
Volkswagen
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary- Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4000 Gulf Terrace Dr Unit 112
The listing price of 4000 Gulf Terrace Dr Unit 112 property is $240,000.
The property 4000 Gulf Terrace Dr Unit 112 is a condo located in Destin, Florida, 32541.
Active Listing: 4000 Gulf Terrace Dr Unit 112 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 4000 Gulf Terrace Dr Unit 112 are: Destin Elementary School (GreatSchools Rating 8/10), Eglin Elementary School (GreatSchools Rating 7/10), Bluewater Elementary School (GreatSchools Rating 9/10), Destin Middle School (GreatSchools Rating 8/10), Lewis School (GreatSchools Rating 8/10), Meigs Middle School (GreatSchools Rating 5/10), Niceville High School (GreatSchools Rating 6/10), Choctawhatchee High School (GreatSchools Rating 4/10), Collegiate High School at Northwest Florida State College (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $2,551 (source: MLS/based on county public records data).
The last sale was on September 15, 2021 for $179,000 (source: MLS/tax record).
The property at 4000 Gulf Terrace Dr Unit 112 has 2 bedrooms and 1 bathroom.
The property 4000 Gulf Terrace Dr Unit 112 is 982 SqFt (source: MLS/tax record).
The year of construction for 4000 Gulf Terrace Dr Unit 112 is 1973.
This home is located at 4000 Gulf Terrace Dr Unit 112 in Destin, FL and zip code 32541. This 982 square foot home was built in 1973. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 18, 2025 and is currently priced at $240,000.
In April 2025 more than 1 listings in Destin, FL were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 45 were sold below. The inventory of homes for sale in Destin, FL between March and April 2025 increased by 9%. In April 2025, listings were on the market for 113 days. During the same period, the median list price in this real estate market was $615,000.
From Rocket Homes Real Estate and based on county public records data.