4207 Indian Bayou Trail Unit 2501, Destin

$399,000

2 Beds
2 Baths
1,175 Sqft
0 Acre
0 Garage

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 $200,000 in the past five years with owner-occupancy. In 2025 alone, the unit has already generated more than $40,000 in rental income, with significant availability remaining for additional bookings.
Purchase today and begin earning income immediately at closing, without the added expense of HOA dues through the winter season. 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!

Essential Information
MLS® #975320
Price$399,000
Bedrooms2
Bathrooms2.00
Full Baths2
Square Footage1,175
Year Built2007
TypeResidential
Sub-TypeCondominium
StyleN/A
StatusActive
Community Information
Area14 - Destin
SubdivisionTHE PALMS OF DESTIN
CityDestin
CountyOkaloosa
StateFL
Zip Code32541
Address

4207 Indian Bayou Trail Unit 2501

Amenities
ParkingGarage
ViewBay, Gulf
Has PoolYes
PoolIn Ground
Amenities

Dumpster, Elevators, Exercise Room, Game Room, Pavillion/Gazebo, Picnic Area, Playground, Pool, TV Cable, Tennis, Whirlpool, Pets Allowed

Utilities

Electric, Phone, Public Sewer, Public Water, TV Cable

Interior
Interior FeaturesBreakfast Bar
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
Appliances

Cooktop, Dishwasher, Disposal, Dryer, Microwave, Washer, Electric Water Heater

Exterior
Exterior FeaturesBalcony, Tennis Court(s)
RoofMetal
School Information
ElementaryDestin
MiddleDestin
HighFort Walton Beach
Additional Information
HOA Fees4488.34
HOA Fees Freq.Quarterly
Listing Details
OfficeGo Coastal Realty LLC
Property History
Price Reduced from $425,000 to $399,000
Price Reduced from $450,000 to $425,000
Price Reduced from $474,900 to $450,000
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DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.
Vendors Member Number : 28325

Listing information last updated on January 16th, 2026 at 7:38pm CST.