#973773, Rebekah L Mayhue, Listing office: 1 Percent Lists Florida Coast
$285,000 List price
4000 Gulf Terrace Dr Unit 228 Destin, FL 32541
2 beds
2 full
738 sqft
$386 / sqft
Condo
Property details
About 4000 Gulf Terrace Dr Unit 228
Turn-key investment opportunity in the heart of Destin! This fully furnished 2 bed//2 bath condo features a cozy master bedroom with a spacious en suite bathroom, a separate bunk room, and a second full bathroom! Enjoy high end updates, quality appliances, & stylish finishes throughout. Step onto your private balcony to watch the sunset! Located in a gated community offering 3 swimming pools, a pickleball/tennis court, EV charging, & a clubhouse for owners!! Gulf Terrace is also pet friendly! Fur babies welcome! Just minutes from Destins best beaches, dining, and attractions. Proven income producing short term rental, this location is a fan favorite!! A perfect vacation home and investment property in one.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCeiling Fan(s), Central Air
Size738 sqft
Year built1973
MLS #981383
WaterfrontLake Front
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Refrigerator, Ice Maker, Electric Oven
- Interior: Owners Closet, Pantry
- Total Bedroom Count: 2
- Private Pool: No
- Waterfront: Lake Front
- Exterior: Balcony
- Architectural Style: N/A
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- List Price: $285,000
- Price/SqFt: $386
- HOA Amount: $523 Monthly
- Annual Tax Amount: $2,417
- Tax Year: 2023
- Directions: Turn left from Miracle Strip Pkwy before Waffle House. Continue through Gulf Terrace gate and turn right, drive straight until reaching building 7.
- Year Built: 1973
- Living Area: 738 SqFt
- MLS Number: 981383
- MLS Name: Emerald Coast Association of REALTORS®
- Office Name: Coldwell Banker Realty
- Office Email: ftwaltonbeachfl@cbrealty.com
- Listing Agent: Megan Tate
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: 7/23/2025, 3:40:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 04, 2021 | Home Sold | $229,000 |
| Mar 07, 2008 | Home Sold | $65,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $205,000 | $2,417 |
| 2022 | $182,000 | $2,193 |
| 2021 | $93,500 | $2,193 |
| 2020 | $80,000 | $1,106 |
| 2018 | $63,888 | $821 |
| 2017 | $59,000 | $765 |
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. Typical income of Destin, FL residents is less than $<35k annually. Most families are single, no kids. Residents of this area typically 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 228
The listing price of 4000 Gulf Terrace Dr Unit 228 property is $285,000.
The property 4000 Gulf Terrace Dr Unit 228 is a condo located in Destin, Florida, 32541.
Active Listing: 4000 Gulf Terrace Dr Unit 228 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 4000 Gulf Terrace Dr Unit 228 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 $2,417 (source: MLS/based on county public records data).
The last sale was on November 4, 2021 for $229,000 (source: MLS/tax record).
The property at 4000 Gulf Terrace Dr Unit 228 has 2 bedrooms and 2 bathrooms.
The property 4000 Gulf Terrace Dr Unit 228 is 738 SqFt (source: MLS/tax record).
The year of construction for 4000 Gulf Terrace Dr Unit 228 is 1973.
This home is located at 4000 Gulf Terrace Dr Unit 228 in Destin, FL and zip code 32541. This 738 square foot home was built in 1973. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 21, 2025 and is currently priced at $285,000.
Destin, FL housing market in June 2025 saw over 3 listings sold above listed price, more than 7 sold at listed price and over 58 sold below. In June 2025 in Destin, FL there were 3.3% more homes for sale than in May. In June 2025 median list price was $579,000 and the average listing age was 125 days.
From Rocket Homes Real Estate and based on county public records data.