Exceptional opportunity to own a well established rental machine! Unit 11209 has had a stellar 4.86 rating on Airbnb with an outstanding $61k average gross rental income over the past 3 years ($70k 2022, $62K 2023, $53k 2024 and $52k in 2025)! 2026 YTD $18.9k. Future bookings of $9.4k! Not only are you getting a unit with a proven income track record, This junior suite, 2 bedroom, 2 bath unit is being sold turnkey and fully furnished! With six years of experience as a Superhost and being recognized as a guest favorite, this high-performing listing ensures quick rentals and provides significant advantages over starting from scratch. Additionally, it ranks among the top-rated properties in Destin.
The Palms of Destin is an excellent investment opportunity, second home, or primary residence. This resort allows you to park and relax without ever needing to drive during your vacation. Enjoy the convenience of an on-site restaurant and coffee bar, along with a seasonal shuttle service that runs to various attractions in the area. Notably, HOA fees cover all utilities, including electricity, water, trash, Wi-Fi, and cable!
During the day you are sure to enjoy the exterior features of the 11,000 sq ft lagoon pool, w/ waterfalls and bridges within the 2 acre ''oasis''. The children's pool and interactive splash fountain will provide hours of enjoyment while the parents enjoy a swim, or lounging with a drink from the on site restaurant and coffee shop. The Palms also features a new state of the art fitness center, pickle ball (outdoor), tennis and basketball court, seasonal shuttle, a new outdoor grilling area and an electric car charging station! Look no further as The Palms Resort and Conference center is a 5 star resort with amenities hard to beat! Then in the evening, you will find yourself on the balcony enjoying the breathtaking sunsets! Call your favorite agent for a showing today!
While we believe all information to be accurate, buyer to verify all information including dimensions.
Sold for $295,000
$295,000
4203 Indian Bayou Trl #11209, Destin, FL 32541
2beds
970sqft
Condominium
Built in 2007
-- sqft lot
$295,400 Zestimate®
$304/sqft
$2,716 Estimated rent
Home value
$295,400
$281,000 - $310,000
$2,716/mo
Zestimate® history
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$1,908/mo
Est. payment
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Est. payment
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New outdoor grilling areaElectric car charging stationTurnkey and fully furnished
Zillow last checked:
Listing updated:
Listed by:
Nichole P Causton 850-714-7600,
Go Coastal Realty LLC
Bought with:
Danny Margagliano, 3238254
World Impact Real Estate
Source: ECAOR,MLS#: 974608
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 172.36 Square Feet
- Dimensions: 13.9 x 12.4
Bedroom
- Level: First
- Area: 48.99 Square Feet
- Dimensions: 7.1 x 6.9
Primary bathroom
- Level: First
- Area: 26.47 Square Feet
- Dimensions: 5.2 x 5.1
Dining room
- Description: Dining/Living Combo
- Level: First
- Area: 102.9 Square Feet
- Dimensions: 14.7 x 7
Kitchen
- Level: First
- Area: 30 Square Feet
- Dimensions: 10 x 3
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, Woodwork Painted
- Flooring: Vinyl
- Windows: Window Treatments
- Furnished: Yes
Interior area
- Total structure area: 970
- Total interior livable area: 970 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Exterior features: Balcony
- Has view: Yes
- View description: Bay, Gulf
- Has water view: Yes
- Water view: Bay,Gulf
Details
- Parcel number: 002S22231100011209
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block, Concrete
Condition
- Construction Complete
- New construction: No
- Year built: 2007
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: BBQ Pit/Grill, Dumpster, Elevators, Fitness Center, Gated, Handicap Provisions, Playground, Pool, TV Cable, Tennis Court(s), Whirlpool, Pickleball, Short Term Rental - Allowed
- Security: Fire Alarm
- Subdivision: THE PALMS OF DESTIN
HOA
- Has HOA: Yes
- Services included: Electricity, Maintenance Grounds, Legal, Security, Sewer, Cable TV, Trash, Water, Internet
Location
- Region: Destin
Financial & listing details
- Price per square foot: $304/sqft
- Tax assessed value: $308,209
- Annual tax amount: $3,294
- Date on market: 5/2/2026
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Sold | $295,000-5.8%$304/sqft |
Source:  ECAOR #974608 Report a problem | ||
| 6/28/2026 | Pending sale | $313,000$323/sqft |
Source: ECAOR #974608 Report a problem | ||
| 6/1/2026 | Price change | $313,000-3.7%$323/sqft |
Source: ECAOR #974608 Report a problem | ||
| 5/2/2026 | Price change | $325,000-5.5%$335/sqft |
Source: ECAOR #974608 Report a problem | ||
| 2/10/2026 | Price change | $344,000-1.4%$355/sqft |
Source: ECAOR #974608 Report a problem | ||
| 7/10/2025 | Price change | $349,000-10.5%$360/sqft |
Source: ECAOR #974608 Report a problem | ||
| 6/20/2025 | Price change | $389,900-2.5%$402/sqft |
Source: ECAOR #974608 Report a problem | ||
| 4/23/2025 | Listed for sale | $399,900+73.9%$412/sqft |
Source: ECAOR #974608 Report a problem | ||
| 11/5/2019 | Sold | $230,000+25%$237/sqft |
Source: ECAOR #830820 Report a problem | ||
| 8/1/2015 | Listing removed | $184,000$190/sqft |
Source: Resortquest Real Estate Of Florida Llc #719169 Report a problem | ||
| 12/10/2014 | Listed for sale | $184,000+24.4%$190/sqft |
Source: Resortquest Real Estate Of Florida Llc #719169 Report a problem | ||
| 6/21/2012 | Sold | $147,857-31.2%$152/sqft |
Source: Public Record Report a problem | ||
| 3/17/2012 | Listing removed | $214,900$222/sqft |
Source: COLDWELL BANKER UNITED REALTORS-FWB #569979 Report a problem | ||
| 1/12/2012 | Listed for sale | $214,900$222/sqft |
Source: COLDWELL BANKER UNITED REALTORS-FWB #569979 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,396 -3.7% | $268,955 +10% |
| 2024 | $3,529 +5.2% | $244,505 -30.1% |
| 2023 | $3,355 +13.6% | $350,000 +18.6% |
| 2022 | $2,954 +28.6% | $295,000 +58.3% |
| 2021 | $2,297 +9.9% | $186,300 +11.6% |
| 2020 | $2,089 +9.8% | $167,000 +7.7% |
| 2019 | $1,903 +12.3% | $155,000 +17.4% |
| 2018 | $1,695 | $132,000 +3.1% |
| 2017 | $1,695 +1.3% | $128,000 +3.2% |
| 2016 | $1,673 +3.9% | $124,000 -3.9% |
| 2015 | $1,611 -5.7% | $129,000 |
| 2014 | $1,709 | $129,000 +10.3% |
| 2013 | -- | $117,000 |
| 2012 | -- | $117,000 -1.3% |
| 2011 | -- | $118,500 -25.5% |
| 2010 | -- | $159,000 -32.3% |
| 2009 | -- | $235,000 -26.8% |
| 2008 | -- | $321,000 +2040% |
| 2007 | -- | $15,000 |
Find assessor info on the county website
Neighborhood: 32541
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Nearby schools
GreatSchools rating
- 9/10Destin Middle SchoolGrades: 5-8Distance: 2 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 11.2 mi
- 10/10Destin Elementary SchoolGrades: PK-4Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Destin
- Middle: Destin
- High: Fort Walton Beach
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
- 4203 Indian Bayou Trl Unit 11209
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