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$1,390,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 4 Full Baths
  • 2,695 Sq. Ft.
  • Updated 3 days ago
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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 $202,000 in 2023, $175,000 in 2024, and $183,000 in 2025, with $97,000 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.

Full Property Details for 3587 Waverly Cir

General

  • Price: $1,390,000
  • Taxes: $11,803 (2023)
  • Status: Active
  • Type: Single Family
  • Source: Emerald_Coast
  • MLS ID: 993129
  • Updated: 2/5/2026
  • Added to Site: 3 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Dining Room, Kitchen, Living Room, Master Bedroom
  • Interior Features: Breakfast Bar, Ceiling Raised, Floor Tile, Floor Vinyl, Furnished - All, Owner's Closet, Renovated, Washer/Dryer Hookup, Window Treatment All
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Living Room: Living Room
  • Kitchen: Kitchen
  • Dining Room: Dining Room

Additional Information

  • Shared Amenities: Beach, Deed Access, Fishing, Gated Community, Pavillion/Gazebo, Picnic Area, Pool, Short Term Rental - Allowed, Tennis
  • Pool: Yes

Exterior

  • Exterior Features: Balcony, BBQ Pit/Grill, Fenced Back Yard, Pool - In-Ground, Porch, Sprinkler System

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking: Garage, Guest

Location

  • Area: 14 - Destin
  • County: Okaloosa
  • Subdivision: Destin Pointe
  • Driving Directions: From Hwy 98, turn onto Gulf Shore Dr, for 1.5 miles, continue until you reach the guard gate on the left. Turn right onto Waverly Cir and the house is on the right.

School Information

  • Elementary School: Destin
  • Middle School: Destin
  • High School: Destin

Heating & Cooling

  • Heating/Cooling: AC - 2 or More, AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, Water Heater - Elect

Utilities

  • Utility Description: Electric, Public Sewer, Public Water, TV Cable

Structural Information

  • Architectural Style: Beach House
  • Construction: Foundation On Piling, Frame, Roof Metal, Stucco, Trim Wood
  • Stories/Levels: 2
  • Square Feet: 2,695
  • Sq. Ft. Source: County PA Records
  • Year Built: 2000

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Dimensions: 50 x 100
  • Street/Road Desc.: Paved Road, Private Road
  • Lot Features: Flood Insurance Req, Within 1/2 Mile to Water
  • Zoning: Resid Single Family

Financial Considerations

  • Assessment Amount: $1,230
  • Assmt Payment Freq: Quarterly
  • Tax Amount: $11,803
  • Tax Year: 2023
  • Terms: Conventional, Other

Disclosures and Reports

  • Legal Description: DESTIN POINTE LOT 17
  • Assessment: Yes
  • APN: 00-2S-24-0110-0000-0170

Listed by Lokation

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Listing agent

— 3587 Waverly Cir —

  • Lokation

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3587 Waverly Cir

School District:Okaloosa County School District
NameGradesDistance
Destin Elementary School
630 Kelly Street, Destin, FL 32541
PK-41.2 mi
Destin Middle School
4608 Legendary Marina Drive, Destin, FL 32541
5-84.6 mi
Fort Walton Beach High School
400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548
9-128.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3587 Waverly Cir Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/05/2026
Listed
$1,390,000
25.79%
MLS
12/08/2021
Sold
$1,105,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3587 Waverly Cir

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,718
4%
$1,195,914
-2%
2024
$13,165
12%
$1,215,613
15%
2023
$11,803
41%
$1,054,942
57%
2021
$8,353
-18%
$672,669
-21%
2022
$10,204
22%
$846,724
34%
2021
$8,353
13%
$632,133
9%
2019
$7,372
8%
$581,155
9%
2018
$6,856
4%
$533,926
5%
2017
$6,617
8%
$506,323
7%
2016
$6,135
3%
$472,304
4%
2015
$5,947
7%
$453,896
6%
2014
$5,557
15%
$426,957
21%
2013
$4,843
—
$354,101
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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3587 Waverly Circle, Destin, FL 32541 (MLS# 993129) is a Single Family property with 5 bedrooms and 4 full bathrooms. 3587 Waverly Circle is currently listed for $1,390,000 and was received on February 05, 2026. Want to learn more about 3587 Waverly Circle? Do you have questions about finding other Single Family real estate for sale in Destin? You can browse all Destin real estate or contact a Coldwell Banker agent to request more information.

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