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

4203 Indian Bayou Trail 1704, Destin, FL 32541

$295,000

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

Current Price: $295,000 List Date: 10/11/2025 Last Modified: 2/14/2026

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: 304.12 List Date: 2025-10-11 Current Price: $295,000 List Price: $295,000

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: February - 14 - 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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