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1 Bed
1 Bath
738 sqft

$235,000

4000 Gulf Terrace Drive UNIT 131, Destin FL, 32541

Price per sqft$318.43
Built in1973
Property size738 sqft
Property typeCondominium

Overview

Active

Listed Sep 18, 2026

Updated 36h ago

Profitable Short-Term Rental - No Milestone Inspections Required! Looking for an investment property that actually makes financial sense? This turnkey one-bedroom condo in Gulf Terrace rents very well and sits right on the lake. Located in the heart of Destin, Gulf Terrace offers an unbeatable location with 26 acres of beautifully manicured grounds, featuring three pools, two tennis courts, and a spring-fed lake for a fantastic view. This fully furnished condo comfortably accommodates up to six guests with a king bed in the master and a queen sleeper sofa in the living room. Enjoy lake views from the spacious patio, easy access to the pool, and a bright, open living area. Whether you're looking for a high-performing rental, a second home, or your own affordable home here along the coast, make sure to check this one out!

$1,563/mo

Est. mortgage payment based on a $235,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1012278

Interior Features

Bedrooms
1
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$1,954
Tax Frequency
Annually
View
Yes
Waterfront
Yes
MLS provider logo

Courtesy of Levin Rinke Realty, 
Listing Contact: [email protected] 

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Data last updated 5:38 AM UTC, 9/19/2026

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