4203 Indian Bayou Trail 1704, Destin

$275,000

2 Beds
2 Baths
970 Sqft
0 Acre
0 Garage

7th floor turnkey condo at The Palms of Destin. Gulf and Destin Harbor views, fully furnished and backed by four years of proven rental income. HOA fees cover ALL utilities and amenities, including electric bill and internet.

Most units in this resort promise rental potential. This one has the receipts: more than $50,000 in gross annual rent every year for the last four straight. That's actual performance, not a projection, with statements available on request. At $275,000, this is a rare thing in this building: an asset that's already earning, not one you have to prove out. Run your own numbers at the list price; they hold up.

When you're using it yourself, the resort carries the lifestyle; multiple lagoon-style pools, a full fitness center, tennis, pickleball and basketball courts, an on-site restaurant, bar, and coffee shop, and a shuttle to the sand.

1704 lives bigger than its footprint: a king primary suite, a second bedroom with twin-over-full bunks that sleeps the whole family, updated flooring, and coastal furnishings throughout. Nothing to buy, nothing to fix.
Use it, rent it, or both.

Clean, proven, and earning the day you close.

Essential Information
MLS® #987354
Price$275,000
Sold Price$260,000
Date Sold$2026-08-24
Bedrooms2
Bathrooms2.00
Full Baths2
Square Footage970
Year Built2007
TypeResidential
Sub-TypeCondominium
StyleN/A
StatusSold
Community Information
Address4203 Indian Bayou Trail 1704
Area14 - Destin
SubdivisionTHE PALMS OF DESTIN
CityDestin
CountyOkaloosa
StateFL
Zip Code32541
Amenities
ViewGulf, Harbor
Utilities

Electric, Public Sewer, Public Water, TV Cable

Interior
HeatingCentral
CoolingCentral Air
Appliances

Dishwasher, Disposal, Dryer, Freezer, Microwave, Range Hood, Refrigerator, Washer, Electric Water Heater

School Information
ElementaryDestin
MiddleDestin
HighDestin
Additional Information
Days on Website369
Listing Details
OfficeDalton Wade Inc
Property History
Price Reduced from $290,000 to $275,000
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 15th, 2026 at 3:22am CDT.