3587 Waverly Circle, Destin, FL 32541
Local realty services provided by:ERA Neubauer Real Estate, Inc.
3587 Waverly Circle,Destin, FL 32541
$1,390,000
- 5 Beds
- 4 Baths
- 2,695 sq. ft.
- Single family
- Pending
Listed by: hillary driscoll olds
Office: lokation
MLS#:993129
Source:FL_ECAR
Price summary
- Price:$1,390,000
- Price per sq. ft.:$515.77
About this home
High-performing income property located in the gated community of Destin Pointe, PURPOSE-BUILT FOR SHORT TERM RENTAL SUCCESS. This proven vacation rental has generated $171,229 in 2024, and $162,102 in 2025, with $125,706 already on the books for 2026, providing immediate income for a new owner. The home is intentionally designed for group and multi-family bookings, featuring TWO SEPERATE LIVING SPACES with two full kitchens and no interior stairwell, allowing guests to vacation together while maintaining privacy—an ideal setup for extended families, multi-couple groups, and repeat rental guests. While this layout differs from a traditional single-family floor plan, it has consistently driven strong rental performance and repeat bookings. OUTDOOR AMENITIES include a PRIVATE HEATED IN-GROUND POOL, GARAGE W/ SPACE FOR GOLF CART STORAGE, DEEDED BEACH ACCESS, BEACH FRONT INFINITY POOL, and a seasonal community tram providing convenient access to the beach. Recent improvements include a 2024 metal roof and water heater, 2022 HVAC, and fresh interior and exterior paint, helping reduce near-term capital expenses. The seller is willing to continue professional property management at just 15%, offering a seamless transition for investors seeking a HANDS-OFF OWNERSHIP EXPERIENCE. This is an opportunity for buyers focused on net income, bookings in place, and cash-flow potential, rather than a traditional second-home layout. Ideal for investors or second-home buyers who prioritize revenue generation over cost offset in one of Destin's most established short-term rental communities....
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Home facts
- Year built:2000
- Listing ID #:993129
- Added:49 day(s) ago
- Updated:March 19, 2026 at 07:19 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:7
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator, Refrigerator/Icemaker, Stove/Oven Electric
- Living area:2,695 sq. ft.
Heating and cooling
- Central air:Yes
Structure and exterior
- Year built:2000
- Building area:2,695 sq. ft.
- Lot area:0.11 Acres
- Architectural Style:Beach House
- Exterior Features:BBQ Pit/Grill, Balcony, Fenced Area, Sprinkler System
- Foundation Description:Foundation On Piling
Schools
- High school:Destin
- Middle school:Destin
- Elementary school:Destin
Utilities
- Water:Public Water
Finances and disclosures
- Price:$1,390,000
- Price per sq. ft.:$515.77
- Tax amount:$11,803 (2023)
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator w/Ice Maker, Stove/Oven Electric, Washer
- Laundry features:Dryer, Washer
- Amenities:Breakfast Bar
Parking
- Garage:Yes
- Garage spaces:1
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