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Harrison Lilly Team

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

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4207 Indian Bayou Trl Unit 21201 , Destin, FL 32541
$499,900
Est. Payment: $2,761.88/mo
2 Bed
2 Bath
1175 Sqft
Status: Active | Days on site: 752
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EBST - E29912
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Harrison Lilly Team
Owner/Operator

House Description

WOW PENTHOUSE & GULF VIEWS! Great ROI in an amazing 5 Star Resort! This 'Guest favorite' is ranked 5 stars, and is ready to welcome you and your guests. With a Solid Book of Business at $67,238 so far YTD for 2026, this unit continues to out perform! No Wonder, it is a true penthouse level delight, with Gulf Views! Located on 12th level this renovated exquisite 2-bedroom, 2-bathroom condo redefines luxury living with its breathtaking beachside charm and Spectacular Gulf Views! '2 Balaconies' As you enter, you'll be greeted by crisp coastal white walls, complemented by beach inspired accents that evoke a sense of calm and spaciousness. The open-concept design seamlessly connects each area, allowing sunlight to illuminate the space and highlight the condo's stunning penthouse views of the Gulf and the Resorts 5 Star Lagoon Pool, and tropical filled grounds. An Incredible Investment Opportunity: with an amazing ROI, Impressive rental history $64,875 in 2025. Under $500,000 with a Gulf View, and the 5 Star amenities it comes with. Boasting a strong rental history and future bookings already in place, this condo is not just a beautiful home but a lucrative investment. Perfect for investors, this property is ready to start generating income immediately. A Kitchen Built for Culinary Masterpieces: This fully remodeled kitchen is a chef's paradise, featuring stylish maple cabinetry, polished granite countertops, a brand-new refrigerator Dishwasher & Microwave & garbage disposal. Whether you're crafting a gourmet feast or a quick snack, this kitchen is both highly functional and aesthetically pleasing, complete with all the kitchenware and appliances needed to prepare delicious family meals. Relax and Entertain in Style: Beyond the kitchen, there are barstools for 3 at the kitchen bar; and the dining area is enhanced with a coastal wood table and chairs, creating a cozy setting perfect for intimate dinners or larger social gatherings. Moving from the open concept dining area to the living room, you will find an Extra-large wall mount flat screen tv and a room adorned with coastal-inspired furnishings and boasting spectacular gulf views. It is your perfect relaxation haven. Open the sliding glass doors to the expansive balcony to savor your morning coffee while taking in the sweeping horizon or unwind with an evening drink as the sky paints a colorful end to another day in paradise. A Luxurious Master Retreat: The primary bedroom serves as a tranquil escape, featuring a king-sized bed and blackout curtains to ensure a peaceful night's sleep. A small dedicated workspace is etched out to catch up with folks back home or just catch up on emails. The en suite bathroom, equipped with a spacious garden soaking tub, shower combo and linen closet. A Comfortable Guest Oasis: The second bedroom is ideal for guests offering another King Bed, with access to a secondary private balcony that overlooks the tennis courts, City Park and playground. with Bay views. The second Guest bathroom has been updated with Carrea marble and stone, creating a sense of luxury, with a newly tiled walk-in shower. Move-In Ready Convenience: This condo has been expertly renovated and comes fully furnished, including all décor, kitchen accessories, appliances, and a full-sized stacked washer and dryer at the entrance. Every detail has been carefully considered, so all you need to bring is your suitcase! The new owner will benefit from a New HVAC, still under warranty, and a new water heater, providing peace of mind and added value. Resort-Style Amenities Await You: As a resident of The Palms of Destin Resort, you'll have exclusive access to a host of amenities, including a stunning lagoon-style pool, hot tub, secondary heated pool, and a poolside bar offering room service. Additional amenities include a splash pad, a modern fitness center, outdoor pickleball, tennis, and basketball courts. Playground and charcoal grilling area. Enjoy relaxation at the IV hydration bar or use the resort shuttle to explore nearby Henderson Beach and shopping destinations. With the on-site Palms Coffee House and the vibrant Good Vibes Bar, & Bistro there's truly something for everyone to enjoy. Call to schedule your video walk through or your private tour of this Amazing Penthouse level condo today!

Highlights

Listed by Angela M Lemke , 850-377-1174 Bastion Realty LLC , 850-420-1959. 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

958253

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Security System, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric
Air Cond:Ceiling Fans,Central Air
Fireplaces:
Floor:Floor Tile,Floor Vinyl
Other:
  • ▪ Additional:Elevator, Newly Painted, Owner's Closet, Pantry, Washer/Dryer Hookup

Exterior Features

Others:
  • ▪ Additional:Balcony, BBQ Pit/Grill, Hot Tub, Pavillion/Gazebo, Sprinkler System, Tennis Court
Sewer:Public Sewer
Parking Features:Garage

Open House

Upcoming Open Houses
Saturday 1:00 pm - 3:00 pm Oct 10
Principal Interest
$2,762
Taxes
$370
HOA
$0

Home Price

$499,900

Loan Details

30 yrs
7.374%

Down Payment

20%
$99,980
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:
$2,761.88

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,761.88 $369.88 $0.00 $3,131.75
Yearly $33,142.51 $4,438.54 $0.00 $37,581.05
Total $994,275.18 $133,156.20 $0.00 $1,127,431.38

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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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: 2026-10-07T06:31:40.000Z

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