4203 Indian Bayou Trail 1704, Destin, FL 32541 (MLS# 987354)

4203 Indian Bayou Trail 1704, Destin, FL 32541

$290,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 970 Status: Active

Current Price: $290,000 List Date: 10/11/2025 Last Modified: 3/05/2026

Overview

Description

Stunningly low price! 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 lif ... (Read more)

Listing Details MLS# 987354

Contract Info

List Price/SqFt: 298.97
Listing Board: Emerald Coast

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

General Property Info

Sub-Type: Condominium
Design: N/A
Apx SqFt(Htd/Cooled): 970
SqFt Source: County PA Records
Full Baths: 2
Total Bathrooms: 2
Stories In Unit: Yes
Unit Floors Above Ground: 7
Year Built: 2007
Garage: No
Carport: No
Pool: Yes
Pool Type: Community

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

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

More Information

Remarks & Misc

Remarks: Stunningly low price! 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: Yes

Waterview

Gulf: Yes
Harbor: Yes

Project Facilities

BBQ Pit/Grill: Yes
Community Room: Yes
Deed Access: Yes
Elevators: Yes
Exercise Room: Yes
Game Room: Yes
Handicap Provisions: Yes
Pavillion/Gazebo: Yes
Picnic Area: Yes
Pool: Yes
Short Term Rental - Allowed: Yes
TV Cable: Yes
Whirlpool: Yes

Utilities

Electric: Yes
Public Sewer: Yes
Public Water: Yes
TV Cable: Yes

Interior

Furnished - All: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Freezer: Yes
Ice Machine: Yes
Microwave: Yes
Oven Self Cleaning: Yes
Range Hood: Yes
Refrigerator: Yes
Smoke Detector: Yes
Smooth Stovetop Rnge: Yes
Stove/Oven Electric: Yes
Washer: Yes

Energy

AC - Central Elect: Yes
Heat Cntrl Electric: Yes
Water Heater - Elect: Yes

Master Bedroom

First: Yes

Bedroom

First: Yes

Kitchen

First: Yes

Living Room

First: Yes

Rooms

Bedroom: Yes
Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes

Fees Include

Ground Keeping: Yes
Management: Yes
Recreational Faclty: Yes

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

Room Name	Level	Dimensions	Length	Width	Remarks
Kitchen	First	10 x 9	10.00	9.00	Buyer to verify
Living Room	First	26 x 13	26.00	13.00	Buyer to verify
Master Bedroom	First	13 x 12	13.00	12.00	Buyer to verify
Bedroom	First	10 x 12	10.00	12.00	Buyer to verify

Listing Office: Realty Hub

Last Updated: March - 05 - 2026

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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