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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 2214 , Destin, FL 32541
$325,000
Est. Payment: $1,795.58/mo
2 Bed
2 Bath
970 Sqft
Status: Active | Days on site: 7
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EGCL - E25894
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Harrison Lilly Team
Owner/Operator

House Description

Remodeled and meticulously maintained, this lower-level 2nd-floor condo at The Palms of Destin is a true rental gem with upgrades throughout and a proven rental history! The unit has been thoughtfully refreshed with new flooring throughout, fresh paint, an upgraded kitchen with quartz countertops, cabinetry and hardware, stainless-steel appliances, newer HVAC (2022) , hot water heater (2022), full-size washer/dryer, updated bathroom vanity tops and lighting, ceiling fans, and new TVs. Coastal furnishings and décor complement the relaxed Florida lifestyle, while both the living room and primary bedroom offer direct access to the spacious balcony overlooking the beautifully landscaped tropical grounds, creating a peaceful and private setting for owners and guests. The condo has generated impressive gross rental income, including $45,249 in 2021, $47,388 in 2022, $45,389 in 2023 and $30,316 in 2024-totaling almost $200k over the previous 5 years! The owner chose to occupy the property as their personal residence in 2025 and 2026, so there was no rental income during those years. Enjoy The Palms of Destin's impressive 5-star resort amenities, including the expansive lagoon-style pool with waterfalls, heated pool, kiddie pool and splash pad, hot tub, state-of-the-art fitness center, indoor and outdoor pickleball, tennis, basketball, onsite restaurant and bar, coffee shop, covered parking, 24-hour security, EV charging stations and more. HOA amenities also include all utilities, including electricity. Ideally located just minutes from Destin's world-famous beaches, this turnkey condo is an excellent opportunity for a vacation home, primary residence or income-producing investment. Schedule your showing today!

Highlights

Listed by Nichole P Causton , 850-714-7600 Go Coastal Realty LLC , 850-714-7600. 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

1011966

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Washer, Water Heater - Elect
Air Cond:Ceiling Fans,Central Air
Fireplaces:
Floor:Floor Laminate,Floor Tile,Floor Vinyl
Other:
  • ▪ Additional:Breakfast Bar, Elevator, Owner's Closet, Pantry, Washer/Dryer Hookup

Exterior Features

Others:
  • ▪ Additional:Balcony, Patio Open
Sewer:Public Sewer
Parking Features:Garage,Garage Detached
Principal Interest
$1,796
Taxes
$216
HOA
$0

Home Price

$325,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$65,000
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Monthly Price:
$1,795.58

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,795.58 $216.17 $0.00 $2,011.75
Yearly $21,546.94 $2,594.08 $0.00 $24,141.02
Total $646,408.15 $77,822.40 $0.00 $724,230.55

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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