4203 Indian Bayou Trail Unit 1116
Destin, FL 32541
$299,000
Active
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: 2026 YTD Rental Numbers: $9124. through May 2026, ask for update July 10th, 2025: $24,204, 2024: $21,361.
Listing details MLS# 992753
Location, Tax and Legal
- Area
- 14 - Destin
- Sub area
- 1403 - Destin Northwest
- Subdivision
- The Palms Of Destin Resort & Conference Center
- County
- Okaloosa
- Parcel ID
- 00-2S-22-2311-0000-1116
- Tax year
- 2025
- Annual tax
- 3856.57
- 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
- Property type
- Residential
- Year built
- 2007
- Stories
- 12
- New construction
- No
- Condition
- Construction Complete
Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Full baths
- 2
- Half baths
- 0
- Building area
- 1150
- Heating
- Central
- Cooling
- Ceiling Fans, Central Air
- Flooring
- Floor Tile
- Interior features
- Breakfast Bar, Split Bedroom, Washer/Dryer Hookup
- Appliances
- Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Stove/Oven Gas, Washer, Water Heater - Elect
- Total rooms
- 8
Exterior and Site
- Construction
- Concrete, Steel
- Roof
- Roof Metal
- Foundation
- Foundation On Piling
- Exterior features
- Balcony
- Garage spaces
- 0
- Carport spaces
- 0
- Pool features
- Pool Type
Utilities
- Utilities
- Electric, Public Water
- Sewer
- Public Sewer
Schools
- Elementary
- Destin
- Middle school
- Destin
- High school
- Destin
Association and Fees
- Association
- Yes
- Fee includes
- Ground Keeping, Other Utilities, Recreational Faclty, Repairs/Maintenance, Sewer, Water, Cable TV, Trash
Remarks and Misc
- Directions
- Directions: From Destin Commons, head west on Hwy 98/Emerald Coast Parkway. Continue approximately 1.5 miles. The Palms of Destin is located on the south side of Hwy 98, directly across from Silver Shells Beach Resort and just west of Walmart, at the corner of Hwy 98 and Indian Bayou Trail. If previously arranged with the listing agent, please stop by the Compass Concierge Desk to pick up key.
Documents
- Hold Harmless (Buyer to Complete)
- Unit Info Sheet from Seller
- Sellers Property Disclosure
- Condo Rider (Buyer to Complete)
- Milestone SIRS Disclosure
- Condo Governance
- Flood Disclosure
- Flood Insurance Quote (optional)
- Seasonal Rentals (How to Handle)
- 2024 Compass Rental History
- 2025 Compass Rental History
- Rental Projection - StayTime Vacations
- Rental Projection - Compass (current)
- Wire Fraud Disclosure
- Palms: Layout Map
- Palms: Unit Layout (Unit C is Unit 1116)
- Palms: Map Sheet
- Palms: Site Map/Blueprint
- Palms: New Owner Welcome Letter 2025
- Palms: New Owner Welcome Packet
- Palms: Articles of Incorporation
- Palms: CC&R's
- Palms: Rules & Restrictions
- Palms: Q&A
- Palms: By-Laws
- Palms: SIRS Report
- Palms: Full Reserves Study
- Palms: Reserves Update
- Palms: 2025 Budget
- Palms: Budget Letter
- Palms: 10 Yr Budget
