About 4207 Indian Bayou Trail Unit 2501
Seller will pay HOA dues through the first quarter of 2026, allowing the new owner to avoid the burden of winter HOA payments. 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!
Features of 4207 Indian Bayou Trail Unit 2501
| MLS® # | 975320 |
|---|---|
| Price | $425,000 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,175 |
| Year Built | 2007 |
| Type | Residential |
| Sub-Type | Condominium |
| Style | N/A |
| Status | Active |
| Waterview | Bay, Gulf |
| Last Tax Year | 2024 |
Community Information
| Address | 4207 Indian Bayou Trail Unit 2501 |
|---|---|
| Area | Destin |
| Subdivision | THE PALMS OF DESTIN |
| City | Destin |
| County | Okaloosa |
| State | FL |
| Zip Code | 32541 |
Amenities
| Amenities | Dumpster, Elevators, Exercise Room, Game Room, Pavillion/Gazebo, Pets Allowed, Picnic Area, Playground, Pool, Tennis, TV Cable, Whirlpool |
|---|---|
| Utilities | Electric, Phone, Public Sewer, Public Water, TV Cable |
| Parking | Garage |
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | Pool - In-Ground, Community |
Interior
| Interior Features | Breakfast Bar, Floor Tile, Floor WW Carpet, Furnished - All |
|---|---|
| Appliances | Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator W/IceMk, Stove/Oven Electric, Washer |
| Heating | Heat Cntrl Electric |
| Cooling | AC - Central Elect, Ceiling Fans |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Roof Metal |
|---|---|
| Exterior Features | Balcony, Pool - In-Ground, Tennis Court |
| Roof | Roof Metal |
School Information
| Elementary | Destin |
|---|---|
| Middle | Destin |
| High | Fort Walton Beach |
Additional Information
| Days on Website | 165 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 4358.62 |
| HOA Fees Freq. | Quarterly |