4207 Indian Bayou Trail UNIT 2501
Destin, FL 32541
$399,000
Active
Description
YTD 2026 GROSS RENTAL INCOME AS OF END OF JUNE $33908.35 with 2025 YE at $44,036.34. Motivated seller - this is a strong investment opportunity at The Palms of Destin.
This full two-bedroom unit is located on the 5th floor with desirable views of the pools, palm trees, and the Gulf. The property has a solid rental history, generating over $240,000 in the past six years with owner-occupancy. In 2025 alone, the unit generated more than $40,000 in rental income! YTD unit has over $12k in bookings from March to July with plenty more availability!
Purchase today and begin earning income immediately at closing. You absolutely can't miss this opportunity to own at The Palms of Destin!
Listing details MLS# 975320
Location, Tax and Legal
- Area
- 14 - Destin
- Sub area
- 1403 - Destin Northwest
- Subdivision
- THE PALMS OF DESTIN
- County
- Okaloosa
- Parcel ID
- 00-2S-22-2310-0000-2501
- Tax year
- 2025
- Annual tax
- 3677.6
- Legal description
- THE PALMS OF DESTIN RESORT & CONFERENCE CENTER PH 1 UNIT 2501
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
- Building area
- 1175
- Heating
- Central
- Cooling
- Ceiling Fans, Central Air
- Flooring
- Floor Tile, Floor WW Carpet
- Interior features
- Breakfast Bar
- Appliances
- Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator W/IceMk, Stove/Oven Electric, Washer, Water Heater - Elect
- Total rooms
- 4
Exterior and Site
- Roof
- Roof Metal
- Exterior features
- Balcony, Tennis Court
- Parking
- Garage
- Pool features
- Pool - In-Ground, Pool Type
- View
- Gulf, Bay
Utilities
- Utilities
- Electric, Phone, Public Water, TV Cable
- Sewer
- Public Sewer
Schools
- Elementary
- Destin
- Middle school
- Destin
- High school
- Fort Walton Beach
Association and Fees
- Association
- Yes
- Fee includes
- Accounting, Electricity, Ground Keeping, Insurance, Internet Service, Management, Master Association, Recreational Faclty, Security, Sewer, Telephone, Water, Cable TV, Trash
Remarks and Misc
- Directions
- HWY 98 to Indian Bayou Trail. Turn right into the Palms of Destin. Unit is in the west tower on the 5th floor.
