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About This Home

This 2-bedroom, 2-bathroom condo at 4203 Indian Bayou Trail in Destin, FL is listed for $275,000 ($284 per sqft). Built in 2007, the home offers 970 sqft of living space on a N/A lot.

Agent 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 unit has growsed $50,000 or better for the last three seasons, 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.

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.

Key Features

  • Built in 2007

Property Details

1 story
2 full
#1704
2007

Amenities

ViewA/C

Monthly Cost Estimate

$4,676/mo

20% down · 6.5% · 30 years

Principal$199
Interest$1,192
Insurance$80
HOA$3,205

Estimates only. Actual payments may vary.

Location

4203 Indian Bayou Trail

Destin, FL 32541

THE PALMS OF DESTIN

Property Details

Views

Harbor

Heating

Central

Cooling

Central Air

Appliances

DishwasherDisposalDryerFreezerIce MachineMicrowaveOven Self CleaningRange HoodRefrigeratorSmoke DetectorSmooth Stovetop RngeStove/Oven ElectricWasherWater Heater - Elect

Questions & Answers

This 2-bedroom, 2-bathroom condo at 4203 Indian Bayou Trail is listed at $275,000 ($284/sqft). The estimated monthly payment is $4,397 based on 20% down at 6.5% interest.

HOA fees are $3205/month.

Key features include: Built in 2007.

This property is listed by Todd Siegrist and can be reached at 8507970627 or todd@toddrocks.com.

TS

Todd Siegrist

Agent at Dalton Wade Inc

(850) 797-0627

Listed by Dalton Wade Inc · View on Broker Site

MLS# 987354· Source: listhub· Updated 233 days ago

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4203 Indian Bayou Trail, Destin, FL 32541

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