4207 Indian Bayou Trail #2603
Destin, FL 32541
$320,000
Beds:
2
Baths:
2
Sq. Ft.:
970
Type:
Condo
Listing #1006188
š° $50K-$65K Gross Rental Income. HOA Covers ALL Utilities. Gulf Views. Turnkey. Done. Welcome to Unit 2603 at The Palms of Destin, a 6th-floor, Gulf-view, short-term rental approved condo that is already set up to earn. This is not a 'potential' investment. The HOA covering electricity, water, cable TV, and high-speed Wi-Fi, your ownership costs are predictable from day one. This Junior 2-Bedroom, 2-Bathroom condo offers 970 sq. ft. of updated, coastal-inspired living space and sleeps up to 6 guests, a king bed in the master suite, a queen bed in the guest room, and a full queen sleeper sofa in the living area. Both bathrooms are full-size. The open-concept kitchen, breakfast bar, and living/dining area flow seamlessly to your private Gulf-and-lagoon-view balcony, the feature guests screenshot and share before they even check in. Inside, you'll find updated flooring, fresh contemporary coastal furnishings, multiple flat-screen smart TVs, and a full-size in-unit washer and dryer, the amenity that earns 5-star reviews and repeat bookings from families and couples alike. The unit is fully furnished and turnkey. No additional investment required to start generating income. The resort amenities are a category of their own: Destin's largest lagoon pool, 11,000 sq. ft., 259,000 gallons, zero-entry design with 5 dancing waterfalls, walking bridges, and a sprawling lounge deck 21,000-gallon heated pool, children's splash pad, and whirlpool hot tub 2,265 sq. ft. state-of-the-art fitness center Two lighted tennis courts, full basketball courts, indoor pickleball court On-site Bistro Bar & Restaurant, coffee shop, and sports lounge Complimentary seasonal beach shuttle to public Gulf beach access Gated children's playground, BBQ & picnic areas Secured covered parking garage, elevator access, 24/7 security patrol EV charger on property Location is everything. You are steps from Joe's Crab Shack, Bubba Gump Shrimp, The Back Porch, Ruth's Chris Steak House, and Fudpuckers. Destin Commons (75+ shops, AMC Theater, Bass Pro Shop) and HarborWalk Village are minutes away by car. Henderson Beach State Park, 6,000 feet of pristine Gulf-front beach, is a 14-minute walk from your front door. Investment Highlights: Short-Term Rental Approved, resort STR permitted, Okaloosa County HOA Covers: Electricity | Water | Cable TV | High-Speed Wi-Fi | Amenities Fully furnished and turnkey, income-ready from Day 1 6th Floor, Gulf views + lagoon pool views from private balcony Sleeps 6, highest-demand guest configuration for families and groups In-unit W/D, top-ranked amenity by guest review data Year-round demand: peak summer + strong snowbird/winter market (Nov-Feb) Built 2007 | 970 sq. ft. | 2BR / 2BA | Unit 2603 | 4201 Indian Bayou Trail Whether you're an investor looking for a proven Emerald Coast cash-flow vehicle, a 1031 exchange buyer deploying capital into a tax-advantaged beach asset, or a family ready to stop renting someone else's beach memories and start owning your own, Unit 2603 checks every box. Ready to run the numbers, schedule a showing, or review the rental performance history? Make your appointment for an exclusive tour today.
Property Features
County:
Okaloosa
Sub Area:
1403 Destin Northwest
MLS Area:
Destin
Latitude:
30.389087
Longitude:
-86.456413
Project Name/Subdivision:
THE PALMS OF DESTIN
Directions:
Head east on US-98 (Emerald Coast Pkwy). Pass Destin Commons on your left. Turn right onto Indian Bayou Trail. The Palms of Destin resort will be on your right. Enter at the main resort entrance. 4207 Indian Bayou Trail. Parking garage and lobby access straight ahead.
Total Rooms:
4
Rooms:
Bedroom, Master Bedroom, Kitchen, Living Room
Full Baths:
2
Heating:
Central
Cooling:
Central Air
Appliances:
Cooktop, Dishwasher, Dryer, Refrigerator, Washer
Energy Features:
AC - Central Elect, Heat Cntrl Electric
Total Number of Units:
203
Style:
N/A
Exterior:
Balcony, Tennis Court(s)
Water Source:
Public
Parking Description:
Garage Detached
Has Garage:
Yes
Has a Pool:
Yes
Pool Description:
Community
Condition:
Construction Complete
Has Waterfront:
No
View Description:
Gulf
Is One Story:
No
Elementary School:
Destin
Elementary School:
Destin
Middle School:
Destin
High School:
Destin
Security Features:
Smoke Detector(s)
Property Type:
CND
Property SubType:
Condominium
Year Built:
2007
APN:
00-2S-22-0000-0001-A070
Status:
Active
Units in Complex:
203
Home Owners Association:
Y
HOA Includes:
Electricity, Maintenance Grounds, Insurance, Security, Trash, Water, Internet
Tax Year:
2017
Tax Amount:
$20,058.48
Community Features:
BBQ Pit/Grill, Playground, Pool, Tennis Court(s), Pickleball, Short Term Rental - Allowed
$ per month
Year Fixed. % Interest Rate.
| Principal + Interest: | $ |
| Monthly Tax: | $ |
| Monthly Insurance: | $ |
Listing Courtesy of EXP Realty LLC
Ā© 2026 Emerald Coast Association of REALTORSĀ®. All rights reserved.
Copyright 2026 Emerald Coast Association of REALTORSĀ®. All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is Deemed Reliable, but is Not Guaranteed Accurate by the Emerald Coast Association of REALTORSĀ® MLS. (iHomefinder, Inc Member Number 28165)
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is Deemed Reliable, but is Not Guaranteed Accurate by the Emerald Coast Association of REALTORSĀ® MLS. (iHomefinder, Inc Member Number 28165)
ECAR MLS data last updated at June 25, 2026, 8:53 AM CT
Real Estate IDX
Powered by iHomefinder