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4203 Indian Bayou Trail Unit 1116, Destin, FL 32541

$339,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,150 Status: Active
Current Price: $339,000 List Date: 1/13/2026 Last Modified: 2/11/2026

Description

Act fast on this one! Think easy living and easy rentals. Comfortably furnished with some updates this Palms of Destin condo is just steps from the lagoon pool, located on the ground floor, and already producing rental income. This 1,150 sq ft, 2-bedroom, 2-bath condo is fully furnished and move-in or rental ready. Located on the highly desirable first floor, it offers effortless access to the resort's best amenities without stairs or elevators. Inside, you'll find granite countertops, maple cabinetry, and stylish coastal touches throughout. Water heater and HVAC were both replaced in 2021. Quarterly COA dues cover water, electric, internet, TV, and trash, keeping things simple for second-homeowners and investors alike. Recent gross rental income: 2025 YTD: $23,260, 2024: $21,361.

Supplements: Live like you're on vacation every day with unmatched amenities: 11,000 sq ft lagoon pool with waterfall and spa, splash pad, playground, fitness center, pickleball, tennis, basketball, EV charging, Tiki Bar, coffee shop, and an on-site restaurant. Plus, enjoy seasonal beach shuttle service and 24-hour security in this gated resort. All of this is just minutes from Henderson Beach State Park, HarborWalk Village, Mattie Kelly Arts Center, and top shopping and dining. Whether you're looking for a smart rental or a dreamy getaway you'll actually use, this is the one to see. Call or text to schedule your private showing today and take advantage of free home warranty provided by the seller.

More Information MLS# 992753

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 294.78 List Date: 2026-01-12 Current Price: $339,000 List Price: $339,000

Location, Tax and Legal

Unit #: Unit 1116 Sub Area: 1403 - Destin Northwest Elementary School: Destin Middle School: Destin High School: Destin Legal Description: Unit 1116, Phase II of The Palms of Destin Resort and Conference Center, a Condominium according to the Declaration of Condominium thereof recorded in Official Records Book 2757, page 3305, of the Public Records of Okaloosa County, Florida, and all amendments thereto, together with its undivided share in the common elements.

General Property Info

Sub-Type: Condominium Design: N/A SqFt Source: County PA Records Stories In Unit: 1 Stories in Building: 12 Unit Floors Above Ground: 1 Immediate Occupancy: Yes Pre-Const Flip: No Garage: No Carport: No Carport Spaces: 0 Covered Spaces: 2 Driveway Spaces: 0 Street Spaces: 0 Assigned Spaces: 0 Pool: Yes Pool Type: Community Apx SqFt(Htd/Cooled): 1150 Bedrooms: 2 Full Baths: 2 Total Bathrooms: 2 Year Built: 2007

Listing Info, Tax & Legal

Homestead: No Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 4392.72 Annual Assessment Amount: 17570.88 Assessment Paid: Quarterly New Buyer Fee: Yes New Buyer Fee Amt: 1464.24 New Buyer Fee Paid: $ Last Taxes: 3856.57 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: Act fast on this one! Think easy living and easy rentals. Comfortably furnished with some updates this Palms of Destin condo is just steps from the lagoon pool, located on the ground floor, and already producing rental income. This 1,150 sq ft, 2-bedroom, 2-bath condo is fully furnished and move-in or rental ready. Located on the highly desirable first floor, it offers effortless access to the resort's best amenities without stairs or elevators. Inside, you'll find granite countertops, maple cabinetry, and stylish coastal touches throughout. Water heater and HVAC were both replaced in 2021. Quarterly COA dues cover water, electric, internet, TV, and trash, keeping things simple for second-homeowners and investors alike. Recent gross rental income: 2025 YTD: $23,260, 2024: $21,361.

Construction Status

Construction Complete: 1

Project Facilities

BBQ Pit/Grill: 1 Elevators: 1 Exercise Room: 1 Handicap Provisions: 1 Pets Allowed: 1 Pickle Ball: 1 Picnic Area: 1 Playground: 1 Pool: 1 Short Term Rental - Allowed: 1 Tennis: 1 TV Cable: 1 Whirlpool: 1

Construction/Siding

Concrete: 1 Foundation On Piling: 1 Roof Metal: 1 Steel: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1

Exterior

Balcony: 1

Interior

Breakfast Bar: 1 Floor Tile: 1 Furnished - All: 1 Split Bedroom: 1 Washer/Dryer Hookup: 1 Window Treatment All: 1

Financing

Conventional: 1 FHA: 1 VA: 1 Other: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Range Hood: 1 Refrigerator: 1 Refrigerator W/IceMk: 1 Smoke Detector: 1 Stove/Oven Electric: 1 Stove/Oven Gas: 1 Washer: 1

Energy

AC - Central Elect: 1 Ceiling Fans: 1 Heat Cntrl Electric: 1 Storm Doors: 1 Water Heater - Elect: 1

Mstr Bdrm/Mstr Bath

MBed First Floor: 1

Master Bedroom

First: 1

Bedroom

First: 1

Kitchen

First: 1

Living Room

First: 1

Full Bathroom

First: 1

Rooms

Balcony: 1 Bedroom: 1 Dining Area: 1 Full Bathroom: 1 Kitchen: 1 Living Room: 1 Master Bedroom: 1

Fees Include

Ground Keeping: 1 Other Utilities: 1 Recreational Faclty: 1 Repairs/Maintenance: 1 Sewer: 1 Trash: 1 TV Cable: 1 Water: 1

Existing Leases

Daily/Weekly: 1 Negotiable: 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 Resort & Conference Center Parcel ID: 00-2S-22-2311-0000-1116

Property Features

Construction Status: Construction Complete Project Facilities: BBQ Pit/Grill; Elevators; Exercise Room; Handicap Provisions; Pets Allowed; Pickle Ball; Picnic Area; Playground; Pool; Short Term Rental - Allowed; Tennis; TV Cable; Whirlpool Exterior: Balcony Interior: Breakfast Bar; Floor Tile; Furnished - All; Split Bedroom; Washer/Dryer Hookup; Window Treatment All Appliances: Dishwasher; Dryer; Microwave; Range Hood; Refrigerator; Refrigerator W/IceMk; Smoke Detector; Stove/Oven Electric; Stove/Oven Gas; Washer Utilities: Electric; Public Sewer; Public Water Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Electric; Storm Doors; Water Heater - Elect Master Bedroom: First Bedroom: First Kitchen: First Living Room: First Full Bathroom: First Rooms: Balcony; Bedroom; Dining Area; Full Bathroom; Kitchen; Living Room; Master Bedroom Financing: Conventional; FHA; VA; Other Fees Include: Ground Keeping; Other Utilities; Recreational Faclty; Repairs/Maintenance; Trash; TV Cable; Water Existing Leases: Daily/Weekly; Negotiable

Room Information

Living Room Level: First Dimensions: 14.4 x 11.2 Length: 14.40 Width: 11.20 Remarks: PART OF DINING AREA Dimensions: 14.4 x 11.2 Master Bedroom Level: First Dimensions: 13.9 x 15.3 Length: 13.90 Width: 15.30 Remarks: OPENS ONTO PATIO, ENSUITE BATHROOM Dimensions: 13.9 x 15.3 Full Bathroom Level: First Dimensions: 11.4 x 7.5 Length: 11.40 Width: 7.50 Dimensions: 11.4 x 7.5 Kitchen Level: First Dimensions: 10.7 x 11.8 Length: 10.70 Width: 11.80 Dimensions: 10.7 x 11.8 Dining Area Level: First Dimensions: 12.11 x 10.7 Length: 12.11 Width: 10.70 Remarks: PART OF LIVING AREA Dimensions: 12.11 x 10.7 Bedroom Level: First Dimensions: 11.5 x 14.11 Length: 11.50 Width: 14.11 Remarks: OPENS ONTO PATIO Dimensions: 11.5 x 14.11 Full Bathroom Level: First Dimensions: 5.11 x 9.6 Length: 5.11 Width: 9.60 Remarks: OPENS TO LIVING ROOM Dimensions: 5.11 x 9.6 Balcony Level: First Dimensions: 22.1 x 9.2 Length: 22.10 Width: 9.20 Remarks: LARGE PANORAMIC PATIO Dimensions: 22.1 x 9.2
Listing Office: The Agency Northwest Florida Beaches
Last Updated: February - 11 - 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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