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$300,000

  • For Sale
  • Active
  • Condo / Townhouse
  • 2 Beds
  • 2 Full Baths
  • 970 Sq. Ft.
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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.

Full Property Details for 4203 Indian Bayou Trail #1704

General

  • Price: $300,000
  • Taxes: $3,912 (2024)
  • Status: Active
  • Type: Condo /Townhouse
  • Source: Emerald_Coast
  • MLS ID: 987354
  • Updated: 10/11/2025
  • Added to Site: 99 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Kitchen, Living Room, Master Bedroom
  • Interior Features: Furnished - All
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Oven Self Cleaning, Range Hood, Refrigerator, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Washer

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Living Room: Living Room
  • Kitchen: Kitchen

Additional Information

  • Shared Amenities: BBQ Pit/Grill, Community Room, Deed Access, Elevators, Exercise Room, Game Room, Handicap Provisions, Pavillion/Gazebo, Picnic Area, Pool, Short Term Rental - Allowed, TV Cable, Whirlpool
  • Pool: Yes

Location

  • Area: 14 - Destin
  • County: Okaloosa
  • Subdivision: The Palms Of Destin
  • Driving Directions: When heading West along Highway 98 toward Henderson Beach State Park, turn Right onto Indian Bayou Trail. The entrance will be on your right. Resort Main Entrance is on Indian Bayou Trail, Unit 1704 is in the East Tower.

School Information

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

Heating & Cooling

  • Heating/Cooling: AC - Central Elect, Heat Cntrl Electric, Water Heater - Elect

Utilities

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

Structural Information

  • Stories/Levels: 0
  • Square Feet: 970
  • Sq. Ft. Source: County PA Records
  • Year Built: 2007

Lot Features

  • Property View: Gulf, Harbor

Financial Considerations

  • Assessment Amount: $3,204
  • Assmt Payment Freq: Quarterly
  • Tax Amount: $3,912
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: THE PALMS OF DESTIN RESORT & CONFERENCE CENTER PH 2 UNIT 1704
  • Assessment: Yes
  • APN: 00-2S-22-2311-0000-1704

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— 4203 Indian Bayou Trail #1704 —

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NMLS#: 1598647

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with our affiliated lender
NMLS#: 1598647

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Schools serving 4203 Indian Bayou Trail #1704

School District:Okaloosa County School District
NameGradesDistance
Destin Middle School
4608 Legendary Marina Drive, Destin, FL 32541
5-81.9 mi
Destin Elementary School
630 Kelly Street, Destin, FL 32541
PK-42.3 mi
Fort Walton Beach High School
400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548
9-1211.1 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 4203 Indian Bayou Trail #1704 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/11/2025
Listed
$300,000
-21.03%
MLS
9/27/2021
Sold
$379,900
—
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 4203 Indian Bayou Trail #1704

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,611
-8%
$304,911
-8%
2024
$3,913
4%
$331,000
—
2023
$3,752
85%
$331,000
103%
2021
$2,027
-38%
$163,200
-40%
2022
$3,284
62%
$272,500
89%
2021
$2,027
22%
$144,000
12%
2019
$1,665
11%
$128,700
10%
2018
$1,502
3%
$117,000
4%
2017
$1,464
4%
$112,000
4%
2016
$1,403
-6%
$108,000
-4%
2015
$1,497
-1%
$113,000
—
2014
$1,515
4%
$113,000
5%
2013
$1,454
—
$107,500
—
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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4203 Indian Bayou Trail #1704, Destin, FL 32541 (MLS# 987354) is a Condo / Townhouse property with 2 bedrooms and 2 full bathrooms. 4203 Indian Bayou Trail #1704 is currently listed for $300,000 and was received on October 11, 2025. Want to learn more about 4203 Indian Bayou Trail #1704? Do you have questions about finding other Condo / Townhouse 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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