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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 2501 , Destin, FL 32541
$399,000
Est. Payment: $2,023.65/mo
2 Bed
2 Bath
1175 Sqft
Status: active | Days on site: 476
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

YTD 2026 GROSS RENTAL INCOME AS OF END OF JUNE $33908.35 with 2025 YE at $44,036.34. Motivated seller - this is a strong investment opportunity at The Palms of Destin. This full two-bedroom unit is located on the 5th floor with desirable views of the pools, palm trees, and the Gulf. The property has a solid rental history, generating over $240,000 in the past six years with owner-occupancy. In 2025 alone, the unit generated more than $40,000 in rental income! YTD unit has over $12k in bookings from March to July with plenty more availability! Purchase today and begin earning income immediately at closing. You absolutely can't miss this opportunity to own at The Palms of Destin! At 1,175 sqft, this is one of the largest 2-bedroom units in the tower, offering generous living space and unmatched comfort plus 2 balconies! Enjoy maintenance-free living- hvac (inside and outside components) and water heater were replaced in 2022.This beautifully decorated condo is turnkey/ move-in ready, featuring tile flooring throughout, a stackable washer/dryer plus upgraded tv's and furnishings. Did we mention covered garage parking?? You'll never have to worry about finding a parking spot! Whether you're looking for a dream beach getaway or a profitable investment, this unit checks all the boxes. Don't wait-this is exactly what you have been looking for!

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

975320

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator W/IceMk, Stove/Oven Electric, Washer, Water Heater - Elect
Air Cond:Ceiling Fans,Central Air
Fireplaces:
Floor:Floor Tile,Floor WW Carpet
Other:
  • Additional:Breakfast Bar

Exterior Features

Others:
  • Additional:Balcony, Tennis Court
Sewer:Public Sewer
Parking Features:Garage
Principal Interest
$2,024
Taxes
$306
HOA
$0

Home Price

$399,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$79,800
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:
$2,023.65

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,023.65 $306.47 $0.00 $2,330.12
Yearly $24,283.83 $3,677.60 $0.00 $27,961.43
Total $728,514.98 $110,328.00 $0.00 $838,842.98

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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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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