4203 Indian Bayou Trail, 1704, Destin, FL 32541
$300,000
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
970
Status:
Active
Current Price:
$300,000
List Date:
10/11/2025
Last Modified:
11/13/2025
Description
Own the beach and let it pay you back! This isn't just a condo, it's a turn-key business that comes with sunshine, palm trees, and a zero-stress dress code. Fully furnished with views of the Gulf and priced WELL BELOW comparable units, this resort unit brought in about $60,000 in gross income in 2022, proving that beach life can be both relaxing and profitable.
Spend mornings with coffee by one of many lagoon-style pools or walk to the shuttle that drops you at the sand. The resort includes a full gym, tennis, pickleball and basketball courts, playground, restaurant, bar, and coffee shop. Inside, the condo feels fresh and inviting with a king master suite, a second bedroom with twin-over-full bunks, updated flooring, and comfortable coastal furnishings.
Supplements: At a purchase price of $300,000, annual expenses (management, HOA, taxes, insurance, and utilities) average around $30,000, leaving about $30,000 in net income. That equals a 10% cap rate and, with standard financing of 20% down ($60,000) at 8% interest, about $9,000 annual cash flow: a 15% cash-on-cash return on day one. It's the rare mix of lifestyle and numbers that actually make sense. Use it, rent it, or both. This one is clean, proven, and ready to start earning the moment you close.
More Information MLS# 987354
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 309.28
List Date: 2025-10-11
Current Price: $300,000
List Price: $300,000
Location, Tax and Legal
Unit #: 1704
Sub Area: 1403 - Destin Northwest
Elementary School: Destin
Middle School: Destin
High School: Destin
Legal Description: THE PALMS OF DESTIN RESORT & CONFERENCE CENTER PH 2 UNIT 1704
General Property Info
Sub-Type: Condominium
Design: N/A
SqFt Source: County PA Records
Stories In Unit: 1
Unit Floors Above Ground: 7
Garage: No
Carport: No
Pool: Yes
Pool Type: Community
Apx SqFt(Htd/Cooled): 970
Bedrooms: 2
Full Baths: 2
Total Bathrooms: 2
Year Built: 2007
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 3204.56
Annual Assessment Amount: 12818.24
Assessment Paid: Quarterly
New Buyer Fee: Yes
New Buyer Fee Amt: 4272.75
New Buyer Fee Paid: $
Last Taxes: 3912.99
Last Tax Year: 2024
Brokerage Interest: No Interest
As Is: No
Remarks & Misc
Remarks: Own the beach and let it pay you back! This isn't just a condo, it's a turn-key business that comes with sunshine, palm trees, and a zero-stress dress code. Fully furnished with views of the Gulf and priced WELL BELOW comparable units, this resort unit brought in about $60,000 in gross income in 2022, proving that beach life can be both relaxing and profitable.
Spend mornings with coffee by one of many lagoon-style pools or walk to the shuttle that drops you at the sand. The resort includes a full gym, tennis, pickleball and basketball courts, playground, restaurant, bar, and coffee shop. Inside, the condo feels fresh and inviting with a king master suite, a second bedroom with twin-over-full bunks, updated flooring, and comfortable coastal furnishings.
Construction Status
Construction Complete: 1
Waterview
Gulf: 1
Harbor: 1
Project Facilities
BBQ Pit/Grill: 1
Community Room: 1
Deed Access: 1
Elevators: 1
Exercise Room: 1
Game Room: 1
Handicap Provisions: 1
Pavillion/Gazebo: 1
Picnic Area: 1
Pool: 1
Short Term Rental - Allowed: 1
TV Cable: 1
Whirlpool: 1
Utilities
Electric: 1
Public Sewer: 1
Public Water: 1
TV Cable: 1
Interior
Furnished - All: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Freezer: 1
Ice Machine: 1
Microwave: 1
Oven Self Cleaning: 1
Range Hood: 1
Refrigerator: 1
Smoke Detector: 1
Smooth Stovetop Rnge: 1
Stove/Oven Electric: 1
Washer: 1
Energy
AC - Central Elect: 1
Heat Cntrl Electric: 1
Water Heater - Elect: 1
Master Bedroom
First: 1
Bedroom
First: 1
Kitchen
First: 1
Living Room
First: 1
Rooms
Bedroom: 1
Kitchen: 1
Living Room: 1
Master Bedroom: 1
Fees Include
Ground Keeping: 1
Management: 1
Recreational Faclty: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 14 - Destin
Street #: 4203
Street Name: Indian Bayou
Street Suffix: Trail
State: FL
Zip Code: 32541
County: Okaloosa
Project Name/Subdivision: THE PALMS OF DESTIN
Parcel ID: 00-2S-22-2311-0000-1704
Property Features
Construction Status: Construction Complete
Waterview: Gulf; Harbor
Project Facilities: BBQ Pit/Grill; Community Room; Deed Access; Elevators; Exercise Room; Game Room; Handicap Provisions; Pavillion/Gazebo; Picnic Area; Pool; Short Term Rental - Allowed; TV Cable; Whirlpool
Interior: Furnished - All
Appliances: Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Oven Self Cleaning; Range Hood; Refrigerator; Smoke Detector; Smooth Stovetop Rnge; Stove/Oven Electric; Washer
Utilities: Electric; Public Sewer; Public Water; TV Cable
Energy: AC - Central Elect; Heat Cntrl Electric; Water Heater - Elect
Master Bedroom: First
Bedroom: First
Kitchen: First
Living Room: First
Rooms: Bedroom; Kitchen; Living Room; Master Bedroom
Fees Include: Ground Keeping; Management; Recreational Faclty
Room Information
Kitchen
Level: First
Dimensions: 10 x 9
Length: 10.00
Width: 9.00
Remarks: Buyer to verify
Dimensions: 10 x 9
Living Room
Level: First
Dimensions: 26 x 13
Length: 26.00
Width: 13.00
Remarks: Buyer to verify
Dimensions: 26 x 13
Master Bedroom
Level: First
Dimensions: 13 x 12
Length: 13.00
Width: 12.00
Remarks: Buyer to verify
Dimensions: 13 x 12
Bedroom
Level: First
Dimensions: 10 x 12
Length: 10.00
Width: 12.00
Remarks: Buyer to verify
Dimensions: 10 x 12
Listing Office:
Realty Hub
Last Updated: November - 13 - 2025
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