4203 Indian Bayou Trail, 1704, Destin, FL 32541

• 2 beds |
• 2 baths |
• 970 sqft

Property Description

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 ($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.

Listing Status:

Active

Date Added:

October 11, 2025 at 05:00AM

Listing Office:

Realty Hub : 407-900-1001

Listing Agent:

Todd A Siegrist : 850-797-0627

MLS ID:

987354

Interior

• Appliances: DishwasherDisposalDryerFreezerIce MakerMicrowaveRange HoodRefrigeratorElectric RangeWasherSmooth Stovetop RngeElectric Water Heater
• A/C:
• Heating:

Exterior

• Style: N/A

Location

• HOA Amenities: ManagementRecreational Faclty3204.56Quarterly
• Golf: BBQ Pit/GrillCommunity RoomDeed AccessElevatorsExercise RoomGame RoomHandicap ProvisionsPavillion/GazeboPicnic AreaPoolTV CableWhirlpool
• Originating MLS: Emerald Coast Association of REALTORS®
• County: Okaloosa

Lot

• Zoning: 00-2S-22-2311-0000-1704
• View: GulfHarbor

Utilities

• Utilities: Electricity ConnectedCable Available
• Sewer: 0

Financial

• Source: Emerald Coast Association of REALTORS®

This listing courtesy of Todd A Siegrist, Realty Hub