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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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4207 Indian Bayou Trl Unit 2603 , Destin, FL 32541
$320,000
Est. Payment: $1,622.81/mo
2 Bed
2 Bath
970 Sqft
Status: active | Days on site: 35
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

$20K-$30K 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.

Highlights

Listed by India T Lucious , 850-419-5528 EXP Realty LLC , 888-883-8509. Emerald Coast Multiple Listing Services

Property Type

Condo/Townhome

HOA Fee

Year Built

2007

County

Okaloosa

Area

14 - Destin

Neighborhood

The Palms Of Destin

Listing ID

1006188

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Cooktop, Dishwasher, Dryer, Refrigerator, Smoke Detector, Washer
Air Cond:Central Air
Fireplaces:

Exterior Features

Others:
  • Additional:Balcony, Tennis Court
Sewer:Public Sewer
Parking Features:Garage Detached
Principal Interest
$1,623
Taxes
$1,672
HOA
$0

Home Price

$320,000

Loan Details

30 yrs
6.528%

Down Payment

20%
$64,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,622.81

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,622.81 $1,671.54 $0.00 $3,294.35
Yearly $19,473.73 $20,058.48 $0.00 $39,532.21
Total $584,211.98 $601,754.40 $0.00 $1,185,966.38

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Destin, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T06:32:47.000Z

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