# 4203 Indian Bayou Trail, Destin, FL 32541

> **TL;DR:** 2bd/2ba condo, $275,000 ($284/sqft), built 2007, 970 sqft.
> View, A/C. Est. $4,397/mo. Listed 233 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $275,000 |
| Price/sqft | $284 |
| Bedrooms | 2 |
| Bathrooms | 2 full |
| Square Feet | 970 |
| Year Built | 2007 |
| Stories | 1 |
| Property Type | Condo (Condominium) |
| Status | For Sale |
| Days on Market | 233 |

## Why This Home Stands Out

- **Views** - Harbor

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,192 |
| HOA | $3,205 |
| **Total** | **$4,397** |

## Nearby Schools

- **Elementary:** Destin
- **Middle:** Destin
- **High:** Destin

## Key Amenities

- View
- A/C

## Property Highlights

- Built in 2007

## Description

### 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.

## Location

- **Address:** 4203 Indian Bayou Trail, Destin, FL 32541
- **County:** Okaloosa
- **Neighborhood:** THE PALMS OF DESTIN
- **Coordinates:** 30.389047, -86.455391
- **Google Maps:** https://www.google.com/maps?q=30.389047,-86.455391

## Listing Agent

- **Name:** Todd Siegrist
- **Brokerage:** Dalton Wade Inc
- **Phone:** 8507970627
- **Email:** todd@toddrocks.com

## Primary Photo

![4203 Indian Bayou Trail - Primary Photo](http://lh.rdcpix.com/91887467a120699bc7354583c0d1490bl-f2235230545r.jpg)

*49 total photos available on [listing page](https://www.propertysimple.com/listing/4203-indian-bayou-trail-destin-fl-32541-l987354)*

---

**MLS#:** 987354 | **Updated:** 2026-06-19
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/4203-indian-bayou-trail-destin-fl-32541-l987354)

---

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