$225,000
SOLD MAR 30, 2023 RENTED JUL 21, 2025

4000 Gulf Terrace Dr Unit 2001 Destin, FL 32541

1 Bed
1 Bath
750 Sq Ft
$475/mo HOA Fee

Recently Sold

$300 Per Sq Ft

4% Below List Price

11 Days on Market

Highlights

  • Gated Community
  • Newly Painted Property
  • Furnished
  • Destin Elementary School Rated A-
  • Main Floor Primary Bedroom
  • Community Pool

About This Home

As of March 2023

2nd and top floor unit in Gulf Terrace! Centrally located in the heart of Destin and within walking distance to the beach, restaurants, shopping and attractions. One bedroom, one bath. Enjoy all new LVP floors, fresh paint, new hot water heater and AC! Shiplap walls and tounge and groove ceilings provide all the coastal vibes a short term, or long term, guest would love!

Gated property with two entrances, three pools, tennis courts. Come and see!

Last Agent to Sell the Property

Chris Taylor

Ocean Reef Realty Inc License #3045239 Listed on: 02/28/2023

Last Buyer's Agent

Kristen Brown

LPT Realty LLC License #3449941

LPT Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,567

Year Built

  • Built in 1973

HOA Fees

  • $475 Monthly HOA Fees

Home Design

  • Newly Painted Property
  • Metal Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 750 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Wainscoting
  • Ceiling Fan
  • Living Room
  • Vinyl Flooring
  • Exterior Washer Dryer Hookup

Kitchen

  • Electric Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Porch

Schools

  • Destin Elementary And Middle School
  • Fort Walton Beach High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-1095-0000-2001

Community Details

Overview

  • Association fees include accounting, ground keeping, management, recreational faclty
  • Gulf Terrace Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Community Pool

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,567

Year Built

Built in 1973

Lot Details

0

HOA Fees

$475 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: GULF TERRACE CONDO
  • Directions: From the Destin Commons, travel west along hwy 98, approx 2.4 mi, turn right into Gulf Terrace community.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1973
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Special Features: None

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Floor Vinyl, Furnished - All, Newly Painted, Walls Wainscoting, Washer/Dryer Hookup
  • Stories: 2
  • Interior:WasherDryer Hookup: Yes
  • Appliances:Cooktop: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Floor Vinyl: Yes
  • Interior:Furnished - All: Yes
  • Interior:Newly Painted: Yes
  • Interior:Walls Wainscoting: Yes

Exterior Features

  • Pool Features: Pool Type
  • Construction Type: Roof Metal, Wood Siding, Slab, Stucco
  • Exterior Features: Porch
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Slab: Yes
  • Exterior:Porch: Yes
  • ConstructionSiding:Roof Metal: Yes
  • ConstructionSiding:Stucco: Yes
  • ConstructionSiding:Siding Wood: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Dumpster, Gated Community, Laundry, Pool, Tennis
  • Association #2 Fee: 474.65
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Management, Recreational Faclty

Schools

  • Elementary School: Destin
  • High School: Fort Walton Beach
  • Middle Or Junior School: Destin

Lot Info

  • Parcel #: 00-2S-22-1095-0000-2001
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1566.61
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2023
Closed on
Mar 30, 2023
Sold by
Lariviere Christopher Michael
Bought by
Teague Shantelle Shakira
Seller's Agent
Chris Taylor
Ocean Reef Realty Inc
Buyer's Agent
Kristen Brown
LPT Realty LLC
List Price
$235,000
Sold Price
$225,000
Premium/Discount to List
-$10,000
-4.26%
Views
160
Current Estimated Value
$204,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,939
Avg. Annual Appreciation
-5.04%
Original Mortgage
$225,000
Outstanding Balance
$220,378
Interest Rate
7.13%
Mortgage Type
Construction
Estimated Equity
-$20,798

Purchase Details

Closed on
Feb 3, 2021
Sold by
Miles Marcella M
Bought by
Lariviere Christopher Michael

Purchase Details

Listed on
May 16, 2017
Closed on
May 30, 2017
Sold by
Ladouceur Rosemary and Ladouceur Rosemary
Bought by
Mikes Marcella M
Seller's Agent
Lacey Price
Destin Real Estate
Buyer's Agent
Christopher Lawson
Pelican Real Estate
List Price
$75,000
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.71%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $225,000 --
Warranty Deed $121,000 Emerald Coast Title Svcs Llc
Warranty Deed $75,000 First International Tile Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $225,000 Construction
Previous Owner $41,500 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 Rented $1,750 0.0% --
06/26/2025 06/26/25 For Rent $1,750 0.0% --
06/04/2025 06/04/25 Price Changed $201,000 -2.0% $272 / Sq Ft
05/01/2025 05/01/25 For Sale $205,000 -8.9% $278 / Sq Ft
03/30/2023 03/30/23 Sold $225,000 -4.3% $300 / Sq Ft
03/11/2023 03/11/23 Pending -- -- --
02/28/2023 02/28/23 For Sale $235,000 +213.3% $313 / Sq Ft
05/23/2017 05/23/17 Sold $75,000 0.0% $100 / Sq Ft
05/19/2017 05/19/17 Pending -- -- --
05/16/2017 05/16/17 For Sale $75,000 -- $100 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,048 $200,000 -- $200,000
2023 $2,048 $205,000 $0 $205,000
2022 $1,567 $130,000 $0 $130,000
2021 $1,107 $93,500 $0 $93,500
2020 $984 $80,000 $0 $80,000
2019 $953 $80,000 $0 $80,000
2018 $822 $64,000 $0 $0
2017 $226 $42,258 $0 $0
2016 $213 $41,389 $0 $0
2015 $213 $41,101 $0 $0
2014 $212 $40,775 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 917886

Emerald Coast Association of REALTORS®

APN: 00-2S-22-1095-0000-2001