4207 Indian Bayou Trail UNIT 2501, Destin, FL 32541

$399,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,175 Status: Active
Current Price: $399,000 List Date: 11/01/2025 Last Modified: 2/16/2026

Description

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 $200,000 in the past five years with owner-occupancy. In 2025 alone, the unit has already generated more than $40,000 in rental income, with significant availability remaining for additional bookings. Purchase today and begin earning income immediately at closing, without the added expense of HOA dues through the winter season. You absolutely can't miss this opportunity to own at The Palms of Destin!

Supplements: At 1,175 sqft, this is one of the largest 2-bedroom units in the tower, offering generous living space and unmatched comfort plus 2 balconies! Enjoy maintenance-free living- hvac (inside and outside components) and water heater were replaced in 2022.This beautifully decorated condo is turnkey/ move-in ready, featuring tile flooring throughout, a stackable washer/dryer plus upgraded tv's and furnishings. Did we mention covered garage parking?? You'll never have to worry about finding a parking spot! Whether you're looking for a dream beach getaway or a profitable investment, this unit checks all the boxes. Don't wait-this is exactly what you have been looking for!

More Information MLS# 975320

Status Change Info

Status: Active

Contract Info

List Date: 2025-05-01 Current Price: $399,000 List Price: $399,000 List Price/SqFt: 339.57 Listing Board: Emerald Coast

Location Tax and Legal

Area: 14 - Destin Street #: 4207 Street Name: Indian Bayou Street Suffix: Trail State: FL Zip Code: 32541 County: Okaloosa Project Name/Subdivision: THE PALMS OF DESTIN Parcel ID: 00-2S-22-2310-0000-2501

General Property Info

Sub-Type: Condominium Design: N/A Apx SqFt(Htd/Cooled): 1175 SqFt Source: County PA Records Bedrooms: 2 Full Baths: 2 Total Bathrooms: 2 Stories In Unit: 1 # of Units in Bldg: 203 Stories in Building: 12 Unit Floors Above Ground: 5 Year Built: 2007 Immediate Occupancy: Yes Garage: Yes Carport: No Pool: Yes Pool Type: Community

Property Features

Construction Status: Construction Complete Waterview: Bay; Gulf Parking Features: Garage Project Facilities: Dumpster; Elevators; Exercise Room; Game Room; Pavillion/Gazebo; Pets Allowed; Picnic Area; Playground; Pool; Tennis; TV Cable; Whirlpool Exterior: Balcony; Pool - In-Ground; Tennis Court Interior: Breakfast Bar; Floor Tile; Floor WW Carpet; Furnished - All Appliances: Cooktop; Dishwasher; Disposal; Dryer; Microwave; Refrigerator W/IceMk; Stove/Oven Electric; Washer Utilities: Electric; Phone; Public Sewer; Public Water; TV Cable Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Electric; Water Heater - Elect Master Bedroom: First Bedroom: First Kitchen: First Rooms: Bedroom; Dining Room; Kitchen; Master Bedroom Fees Include: Accounting; Electricity; Ground Keeping; Insurance; Internet Service; Management; Master Association; Recreational Faclty; Security; Telephone; Trash; TV Cable; Water

Room Information

Dining Room Level: First Dimensions: 23 x 17 Length: 23.00 Width: 17.00 Remarks: Dining/Living Combo Dimensions: 23 x 17 Master Bedroom Level: First Dimensions: 16 x 14 Length: 16.00 Width: 14.00 Dimensions: 16 x 14 Bedroom Level: First Dimensions: 16 x 11 Length: 16.00 Width: 11.00 Dimensions: 16 x 11 Kitchen Level: First Dimensions: 17 x 9 Length: 17.00 Width: 9.00 Dimensions: 17 x 9
Listing Office: Go Coastal Realty LLC
Last Updated: February - 16 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

Your New property is Just a Click Away!