Destin · Building Market Report
Gulf Terrace
Every number a buyer, seller, or investor needs on one building: live inventory, closed-sale history, rental benchmarks, and the neighborhood around it - refreshed monthly from MLS and market data.
Inventory updated daily · Sale statistics updated September 22, 2026 · Next statistics update early October 2026
How the building is trading
19 units closed at Gulf Terrace in the trailing 12 months at a median of $215,000, with a 95.2% median list-to-sale ratio. On the active side, 9 of 20 listings sit below original list price, and standing inventory works out to 12.6 months of supply at the current sales pace.
Comparables at Gulf Terrace need sorting first. The community is 27 separate buildings around a lake and three pools, so outlook is a building-level fact: a unit facing the lake or a pool is not interchangeable with an interior one, and neither is a ground floor with the floor above it. Bath count splits the two-bedroom plans, which appear in the current active file at identical square footage with either one bath or two: that gap belongs in any adjustment. Condition carries unusual weight in stock the county dates to 1973, where a renovated interior and an original one are separate products. The honest set is a unit's own plan, bath count and building outlook first, the community second.
Year-over-year figures compare the 12 complete calendar months from September 2025 through August 2026 with the 12 before them. That window can differ from the trailing totals above, which run day-precise through September 22, 2026 rather than by whole calendar months.
| Period | Value |
|---|---|
| 2021 | $207K |
| 2022 | $285K |
| 2023 | $260K |
| 2024 | $241K |
| 2025 | $208K |
| 2026 YTD | $215K |
| Period | Value |
|---|---|
| 2021 | $247 |
| 2022 | $290 |
| 2023 | $281 |
| 2024 | $270 |
| 2025 | $225 |
| 2026 YTD | $267 |
| Period | Value |
|---|---|
| Sep 24 | 0 |
| Oct 24 | 0 |
| Nov 24 | 1 |
| Dec 24 | 0 |
| Jan 25 | 2 |
| Feb 25 | 1 |
| Mar 25 | 3 |
| Apr 25 | 1 |
| May 25 | 3 |
| Jun 25 | 1 |
| Jul 25 | 0 |
| Aug 25 | 1 |
| Sep 25 | 2 |
| Oct 25 | 0 |
| Nov 25 | 1 |
| Dec 25 | 1 |
| Jan 26 | 0 |
| Feb 26 | 0 |
| Mar 26 | 2 |
| Apr 26 | 0 |
| May 26 | 1 |
| Jun 26 | 4 |
| Jul 26 | 2 |
| Aug 26 | 8 |
| Period | Value |
|---|---|
| Sep 24 | No data |
| Oct 24 | No data |
| Nov 24 | Sample too small |
| Dec 24 | No data |
| Jan 25 | Sample too small |
| Feb 25 | Sample too small |
| Mar 25 | $224K |
| Apr 25 | Sample too small |
| May 25 | $210K |
| Jun 25 | Sample too small |
| Jul 25 | No data |
| Aug 25 | Sample too small |
| Sep 25 | Sample too small |
| Oct 25 | No data |
| Nov 25 | Sample too small |
| Dec 25 | Sample too small |
| Jan 26 | No data |
| Feb 26 | No data |
| Mar 26 | Sample too small |
| Apr 26 | No data |
| May 26 | Sample too small |
| Jun 26 | $210K |
| Jul 26 | Sample too small |
| Aug 26 | $208K |
The monthly charts cover the 24 complete calendar months from September 2024 through August 2026, and a month with no closings is a zero bar rather than a gap. Their last 12 months are the window the year-over-year figures compare.
Based on information from ECAR for the period September 23, 2021 through September 22, 2026.
From the active file
20 units are on the market at Gulf Terrace today - a sample of the current file:
$235,000
4000 Gulf Terrace Drive Unit 131
Destin, FL 32541
$245,000
4000 Gulf Terrace Drive Unit 257
Destin, FL 32541
$199,900
4000 Gulf Terrace Drive Unit 1001
Destin, FL 32541
$235,000
4000 Gulf Terrace Drive Unit 259
Destin, FL 32541
$214,900
4000 Gulf Terrace Drive Unit 210
Destin, FL 32541
$240,000
4000 Gulf Terrace Drive Unit 293
Destin, FL 32541
The short-term rental badge above is not a permission of record. It reflects the MLS short-term-rental field where a listing discloses one, and otherwise where the home sits. Confirm the association's current rules and the local registration requirement before relying on it.
The investor file
| Typical acquisition (median, 12 mo) | $215,000 |
|---|---|
| Middle-half range (25th-75th pct, 29 priced sales / 24 mo) | $180,000 - $227,250 |
| Median price, 2021 to 2026 | +3.6% ($207,450 to $215,000) |
| Average sale price (12 mo) | $214,289 |
| Sales volume, trailing 12 months | $4,071,500 |
| Sale price range, trailing 12 months | $135,000 - $248,000 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 1 BR | 8 | 9 | $208,000 |
| 2 BR | 12 | 5 | $245,000 |
5 of the trailing-12 closings do not carry a recorded bedroom count and cannot appear in these rows.
Based on information from ECAR for the period September 23, 2021 through September 22, 2026.
What similar rentals earn nearby
$253/night
Average Daily Rate
Trailing 12 months, average across City of Destin condos, 1-3 bedrooms
55%
Occupancy
Guest, owner and held nights over calendar nights, across City of Destin condos, 1-3 bedrooms
45 nights
Owner Use
Owner and maintenance nights per rental, trailing 12 months, across City of Destin condos, 1-3 bedrooms
$97 to $378
Monthly Rate Range
Average nightly rate by month, lowest in January, highest in July
2211
Rentals Tracked
Units in City of Destin condos, 1-3 bedrooms
5 nights
Average Stay
63 days
Booking Window
Average lead time before arrival
Market data by Key Data · 2211 similar rentals tracked (City of Destin condos, 1-3 bedrooms) · Sep 2025 to Aug 2026
Market statistics reflect the trailing performance of similar rental properties in this market, not this specific property, and are opinions of potential performance, not a guarantee of income. Performance varies with management, seasonality, and personal use. Verify rental eligibility and all figures independently.
The rental analysis is for signed-in readers
We publish each home's rental analysis on the signed-in side of the site, not on the open page. With a free account you will find, on the individual listings here that qualify, how rentals similar to that home perform: the average daily rate, occupancy, typical stay and booking window. The segment's daily rate, occupancy and tracked-rental count stay public on this page.
Sign in or create a free accountWhat decides whether a unit here can be rented
These are benchmarks for a segment of comparable rentals, not a finding about Gulf Terrace. What a unit here may actually do is set by documents, and there are three of them. The recorded declaration sets any minimum lease term. The association's current rules can add stay-length minimums, rental caps, or owner-occupancy requirements the local code does not impose, and a board can change them after a purchase. The city or county that governs this address runs its own short-term-rental registration requirements over both. Request all three in their current form from the association and the local government during diligence, before purchasing with rental income in mind.
Rental rules on the MLS today: 20 of 20 active listings disclose“Short Term Rental - Allowed”. Always verify the association's current policy.
The neighborhood: Dunes of Destin
Gulf Terrace sits in or beside the Dunes of Destin Census neighborhood - the area figures below describe that neighborhood, not this building alone.
Neighborhood Data
Dunes of Destin at a Glance
5,073
Properties
$624K
Median Home Value
95%
Second Homes / Seasonal
Source: LiveBy, via the U.S. Census Bureau American Community Survey 2023. Figures are area estimates for general market context.
Demographic information is provided for general informational purposes only and must not be used to make housing decisions on the basis of race, color, religion, sex, familial status, national origin, disability, or any other protected class. Dream Destin Realty supports the Fair Housing Act and equal-opportunity housing.
Reading this file
Where do these numbers come from?
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty and refreshed on a 30-day cycle. Based on information from ECAR for the period September 23, 2021 through September 22, 2026. Rental benchmarks are market-segment aggregates from Key Data - never figures for a specific unit. Neighborhood figures are LiveBy area estimates built on the U.S. Census American Community Survey.
Why is there no list of individual sold units?
19 units closed at Gulf Terrace in the trailing 12 months, from $135,000 to $248,000. MLS rules do not allow individual sold listings to be displayed publicly, so this page shows building-level statistics only - ask us for the unit-by-unitsold report and we'll walk you through it.
How are thin samples handled?
Any figure computed from fewer than three sales is withheld rather than published - a one-sale “median” is just that sale's price. Counts always show; prices earn their way onto the page.
Thinking about buying or selling at Gulf Terrace?
We track this building's sales and fees every month, and keep its rental rules on file - get the full picture before you commit.
- MLS market data (ECAR) - updated September 21, 2026
- Vacation-rental market data (Key Data) - updated September 21, 2026
- Neighborhood data (LiveBy / U.S. Census ACS) - updated September 21, 2026
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty.
Market statistics on this page are provided for informational purposes only. Information is deemed reliable but not guaranteed, and figures are not a guarantee of future market performance. Rental-income benchmarks are not a guarantee of future performance, so verify independently every time. These figures are not tax, legal, or investment advice; consult the appropriate licensed professional before making a financial decision. Data as of September 22, 2026.
Sources
- Gulf Terrace Condominium Association: Official Site (accessed August 20, 2026)
- Gulf Terrace Condominium Association: Frequently Asked Questions (accessed August 20, 2026)
- Gulf Terrace Condominium Association: Association Details and Amenities (accessed August 20, 2026)
- Okaloosa County parcel record, GULF TERRACE and GULF TERRACE TWO (accessed August 22, 2026)
- Okaloosa County GIS: Parcels layer, Destin condominiums recorded before 1980 (accessed August 22, 2026)
- iTrip Vacations Destin: Gulf Terrace 244 (accessed August 20, 2026)
- Salt Water Vacay: Gulf Terrace 146 (accessed August 20, 2026)
- City of Destin: Register a Short Term Rental (accessed August 20, 2026)