4203 Indian Bayou Trail #1704, Destin, FL 32541

Local realty services provided by:ERA Neubauer Real Estate, Inc.
4203 Indian Bayou Trail #1704,Destin, FL 32541
$300,000
  • 2 Beds
  • 2 Baths
  • 970 sq. ft.
  • Condominium
  • Active
Listed by:todd a siegrist
Office:realty hub
MLS#:987354
Source:FL_ECAR

Price summary

  • Price:$300,000
  • Price per sq. ft.:$309.28

About this home

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 resort unit brought in about $60,000 in gross income in 2022, 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

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Home facts

  • Year built:2007
  • Listing ID #:987354
  • Added:5 day(s) ago
  • Updated:October 16, 2025 at 03:17 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:970 sq. ft.

Structure and exterior

  • Year built:2007
  • Building area:970 sq. ft.

Schools

  • High school:Destin
  • Middle school:Destin
  • Elementary school:Destin

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$300,000
  • Price per sq. ft.:$309.28
  • Tax amount:$3,913 (2024)
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