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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.
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
Amenities
Monthly Cost Estimate
$4,676/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4203 Indian Bayou Trail
Destin, FL 32541
THE PALMS OF DESTIN
Property Details
Views
Heating
Cooling
Appliances
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.








