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$1,361,000

  • Sold
  • Closed
  • Single Family
  • 5 Beds
  • 4 Full Baths
  • 2,695 Sq. Ft.
  • Updated 7 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 $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.

Full Property Details for 3587 Waverly Cir

General

  • Sold For: $1,361,000
  • Taxes: $11,803 (2023)
  • Status: Closed
  • Type: Single Family
  • Source: Emerald_Coast
  • MLS ID: 993129
  • Added to Site: 111 day(s) ago

Rental Information

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

Interior

  • Number of Rooms: 7
  • Interior Features: Breakfast Bar, Ceiling Raised, Owner's Closet, Washer/Dryer Hookup
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
  • Furnishings: Furnished - All
  • Flooring: Floor Tile, Floor Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 5

Additional Information

  • Pool: Yes
  • Pool Description: Pool - In-Ground, Pool Type

Exterior

  • Exterior Features: Balcony, BBQ Pit/Grill, Fenced Back Yard, Sprinkler System
  • Porch/Patio/Deck: Porch

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: 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

Community

  • Association: Yes
  • Assoc. Fees Include: Accounting, Management, Master Association, Recreational Faclty, Cable TV, Trash

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fans, Central Air
  • Heating Type: Central
  • Heating/Cooling: Central, Ceiling Fans, Central Air

Utilities

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

Structural Information

  • Architectural Style: Beach House
  • Construction: Frame, Stucco, Trim Wood
  • Exterior Const.: Frame, 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 Size (Sq. Ft.): 4,791.6
  • Lot Dimensions: 50 x 100
  • Frontage: Private Road
  • Street/Road Desc.: Paved
  • Lot Features: Flood Insurance Req, Within 1/2 Mile to Water
  • Zoning: Resid Single Family

Financial Considerations

  • Assessment Amount: $1,230
  • Tax Amount: $11,803.3
  • Tax Year: 2023

Disclosures and Reports

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

Listed by Lokation
Sold by Dream Destin Realty PLLC

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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3587 Waverly Cir

Date
Details
Price
Change
Source
3/27/2026
Sold
$1,361,000
-2.09%
MLS
2/05/2026
Listed
$1,390,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Lokation
Sold by Dream Destin Realty PLLC

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Listed by Vicki Matthews

3587 Waverly Circle, Destin, FL 32541 (MLS# 993129) is a Single Family property that was sold at $1,361,000 on March 27, 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.