High-performing income property located in the gated community of Destin Pointe, PURPOSE-BUILT FOR SHORT TERM RENTAL SUCCESS. This proven vacation rental has generated $171,229 in 2024, and $162,102 in 2025, with $125,706 already on the books for 2026, providing immediate income for a new owner. The home is intentionally designed for group and multi-family bookings, featuring TWO SEPERATE LIVING SPACES with two full kitchens and no interior stairwell, allowing guests to vacation together while maintaining privacy—an ideal setup for extended families, multi-couple groups, and repeat rental guests. While this layout differs from a traditional single-family floor plan, it has consistently driven strong rental performance and repeat bookings. OUTDOOR AMENITIES include a PRIVATE HEATED IN-GROUND POOL, GARAGE W/ SPACE FOR GOLF CART STORAGE, DEEDED BEACH ACCESS, BEACH FRONT INFINITY POOL, and a seasonal community tram providing convenient access to the beach. Recent improvements include a 2024 metal roof and water heater, 2022 HVAC, and fresh interior and exterior paint, helping reduce near-term capital expenses. The seller is willing to continue professional property management at just 15%, offering a seamless transition for investors seeking a HANDS-OFF OWNERSHIP EXPERIENCE. This is an opportunity for buyers focused on net income, bookings in place, and cash-flow potential, rather than a traditional second-home layout. Ideal for investors or second-home buyers who prioritize revenue generation over cost offset in one of Destin's most established short-term rental communities.
Sold for $1,361,000
$1,361,000
3587 Waverly Cir, Destin, FL 32541
5beds
2,695sqft
Single Family Residence
Built in 2000
4,791.6 Square Feet Lot
$1,361,900 Zestimate®
$505/sqft
$6,455 Estimated rent
Home value
$1,361,900
$1.27M - $1.46M
$6,455/mo
Zestimate® history
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List your homeWhat's special
Deeded beach accessPrivate heated in-ground poolBeach front infinity pool
Zillow last checked:
Listing updated:
Listed by:
Hillary Driscoll Olds 850-699-0344,
Lokation
Bought with:
Dustin L Cornwell, 3470752
Dream Destin Realty PLLC
Source: ECAOR,MLS#: 993129
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Primary bedroom
- Level: Second
- Area: 238 Square Feet
- Dimensions: 17 x 14
Bedroom
- Level: Second
- Area: 150 Square Feet
- Dimensions: 15 x 10
Bedroom
- Level: Second
- Area: 140 Square Feet
- Dimensions: 14 x 10
Bedroom
- Level: First
- Area: 110 Square Feet
- Dimensions: 11 x 10
Dining room
- Level: Second
- Area: 400 Square Feet
- Dimensions: 25 x 16
Kitchen
- Level: Second
- Area: 88 Square Feet
- Dimensions: 11 x 8
Living room
- Level: First
- Area: 204 Square Feet
- Dimensions: 17 x 12
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, Vaulted Ceiling(s), Owner's Closet
- Flooring: Tile, Vinyl
- Windows: Window Treatments
- Furnished: Yes
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,695
- Total interior livable area: 2,695 sqft
Property
Parking
- Total spaces: 1
- Parking features: Guest, Garage
- Garage spaces: 1
Features
- Stories: 2
- Patio & porch: Porch
- Exterior features: Outdoor Grill, Balcony, Private Yard, Sprinkler System
- Pool features: In Ground
Lot
- Size: 4,791 sqft
- Dimensions: 50 x 100
- Features: Flood Insurance Req, Within 1/2 Mile to Water
Details
- Parcel number: 002S24011000000170
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Beach House
- Property subtype: Single Family Residence
Materials
- Frame, Stucco, Trim Wood
- Foundation: Pillar/Post/Pier
- Roof: Metal
Condition
- Construction Complete,Renovated
- New construction: No
- Year built: 2000
Utilities & green energy
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Beach, Deed Access, Fishing, Gated, Pavillion/Gazebo, Picnic Area, Pool, Tennis Court(s), Short Term Rental - Allowed
Location
- Region: Destin
- Subdivision: DESTIN POINTE
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Sold | $1,361,000-2.1%$505/sqft |
Source:  ECAOR #993129 Report a problem | ||
| 2/18/2026 | Pending sale | $1,390,000$516/sqft |
Source: ECAOR #993129 Report a problem | ||
| 2/5/2026 | Listed for sale | $1,390,000-0.7%$516/sqft |
Source: ECAOR #993129 Report a problem | ||
| 8/28/2025 | Listing removed | $1,400,000$519/sqft |
Source: ECAOR #972716 Report a problem | ||
| 4/9/2025 | Listed for sale | $1,400,000-2.7%$519/sqft |
Source: ECAOR #972716 Report a problem | ||
| 4/1/2025 | Listing removed | $1,439,500$534/sqft |
Source: ECAOR #958285 Report a problem | ||
| 1/23/2025 | Listed for sale | $1,439,500$534/sqft |
Source: ECAOR #958285 Report a problem | ||
| 1/13/2025 | Pending sale | $1,439,500$534/sqft |
Source: ECAOR #958285 Report a problem | ||
| 12/6/2024 | Price change | $1,439,500-0.7%$534/sqft |
Source: ECAOR #958285 Report a problem | ||
| 10/17/2024 | Price change | $1,450,000-0.3%$538/sqft |
Source: ECAOR #958285 Report a problem | ||
| 10/10/2024 | Price change | $1,455,000-0.7%$540/sqft |
Source: ECAOR #958285 Report a problem | ||
| 10/4/2024 | Price change | $1,465,000-0.7%$544/sqft |
Source: ECAOR #958285 Report a problem | ||
| 9/2/2024 | Listed for sale | $1,475,000+1.7%$547/sqft |
Source: ECAOR #958285 Report a problem | ||
| 7/30/2024 | Listing removed | $1,450,000$538/sqft |
Source: ECAOR #938533 Report a problem | ||
| 7/27/2024 | Price change | $1,450,000-4.9%$538/sqft |
Source: ECAOR #938533 Report a problem | ||
| 6/24/2024 | Listed for sale | $1,525,000$566/sqft |
Source: ECAOR #938533 Report a problem | ||
| 6/21/2024 | Pending sale | $1,525,000$566/sqft |
Source: ECAOR #938533 Report a problem | ||
| 6/3/2024 | Price change | $1,525,000-15.3%$566/sqft |
Source: ECAOR #938533 Report a problem | ||
| 4/30/2024 | Price change | $1,800,000-9.8%$668/sqft |
Source: ECAOR #938533 Report a problem | ||
| 4/14/2024 | Price change | $1,995,000-8.3%$740/sqft |
Source: ECAOR #938533 Report a problem | ||
| 12/18/2023 | Listed for sale | $2,175,000+14.5%$807/sqft |
Source: ECAOR #938533 Report a problem | ||
| 7/2/2023 | Listing removed | -- |
Source: ECAOR #925878 Report a problem | ||
| 6/20/2023 | Listed for sale | $1,899,999+71.9%$705/sqft |
Source: ECAOR #925878 Report a problem | ||
| 12/13/2021 | Sold | $1,105,000-5.9%$410/sqft |
Source: Public Record Report a problem | ||
| 10/22/2021 | Listed for sale | $1,174,000$436/sqft |
Source: ECAOR #874841 Report a problem | ||
| 10/22/2021 | Pending sale | $1,174,000+73.9%$436/sqft |
Source: ECAOR #874841 Report a problem | ||
| 1/8/2021 | Sold | $675,000+13.4%$250/sqft |
Source: Public Record Report a problem | ||
| 5/5/2016 | Sold | $595,000+36.8%$221/sqft |
Source: Agent Provided Report a problem | ||
| 3/19/2012 | Sold | $435,000-19.3%$161/sqft |
Source: Public Record Report a problem | ||
| 9/2/2003 | Sold | $539,000$200/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $13,165 +11.5% | $1,024,536 -2.9% |
| 2023 | $11,803 +15.7% | $1,054,942 +24.6% |
| 2022 | $10,204 +22.2% | $846,724 +25.9% |
| 2021 | $8,353 +5.6% | $672,669 +6.4% |
| 2020 | $7,909 +7.3% | $632,133 +8.8% |
| 2019 | $7,372 +7.5% | $581,155 +8.8% |
| 2018 | $6,856 | $533,926 +5.5% |
| 2017 | $6,856 +3.6% | $506,323 +7.2% |
| 2016 | $6,617 +7.9% | $472,304 +4.1% |
| 2015 | $6,135 +3.2% | $453,896 +6.3% |
| 2014 | $5,947 | $426,957 +20.6% |
| 2013 | -- | $354,101 +4.9% |
| 2012 | -- | $337,508 -14.5% |
| 2011 | -- | $394,585 -21.3% |
| 2010 | -- | $501,565 -18.7% |
| 2009 | -- | $617,120 -7.5% |
| 2008 | -- | $667,281 -12.9% |
| 2007 | -- | $765,685 +6.8% |
| 2006 | -- | $716,961 +16.1% |
| 2005 | -- | $617,512 +46.4% |
| 2004 | -- | $421,845 +11.2% |
| 2003 | -- | $379,372 +2.4% |
| 2002 | -- | $370,480 -0.3% |
| 2001 | -- | $371,523 |
Find assessor info on the county website
Neighborhood: 32541
Nearby schools
GreatSchools rating
- 10/10Destin Elementary SchoolGrades: PK-4Distance: 1.1 mi
- 9/10Destin Middle SchoolGrades: 5-8Distance: 4.7 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 8.5 mi
Schools provided by the listing agent
- Elementary: Destin
- Middle: Destin
- High: Destin
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Okaloosa County
- Destin
- 32541
- 3587 Waverly Cir
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