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For sale
    • $399,000

    4207 Indian Bayou Trl #2501, Destin, FL 32541

    2beds
    1,175sqft
    : 
    $2,563/mo
    Get pre-qualified
    Condominium
    Built in 2007
    -- sqft lot
    $-- Zestimate®
    $340/sqft
    $-- HOA

    What's special

    Beautifully decorated condoTile flooring throughoutCovered garage parking
    YTD 2026 GROSS RENTAL INCOME AS OF END OF JUNE $33908.35 with 2025 YE at $44,036.34. 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 $240,000 in the past six years with owner-occupancy. In 2025 alone, the unit generated more than $40,000 in rental income! YTD unit has over $12k in bookings from March to July with plenty more availability! Purchase today and begin earning income immediately at closing. 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!
    456 days
    |
    99
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Nichole P Causton 850-714-7600,

    Go Coastal Realty LLC

    Source: ECAOR,MLS#: 975320MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: First
      • Area: 224 Square Feet
      • Dimensions: 16 x 14
      Bedroom
      • Level: First
      • Area: 176 Square Feet
      • Dimensions: 16 x 11
      Dining room
      • Description: Dining/Living Combo
      • Level: First
      • Area: 391 Square Feet
      • Dimensions: 23 x 17
      Kitchen
      • Level: First
      • Area: 153 Square Feet
      • Dimensions: 17 x 9
      Heating
      • Central
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Washer, Electric Water Heater
      Features
      • Breakfast Bar
      • Flooring: Tile, Carpet
      • Furnished: Yes
      Interior area
      • Total structure area: 1,175
      • Total interior livable area: 1,175 sqft

      Property

      Parking
      • Parking features: Garage
      • Has garage: Yes
      Features
      • Exterior features: Balcony, Tennis Court(s)
      • Pool features: In Ground
      • Has view: Yes
      • View description: Bay, Gulf
      • Has water view: Yes
      • Water view: Bay,Gulf
      Details
      • Parcel number: 002S22231000002501

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Materials
      • Roof: Metal
      Condition
      • Construction Complete
      • New construction: No
      • Year built: 2007

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Features: Dumpster, Elevators, Fitness Center, Game Room, Pavillion/Gazebo, Picnic Area, Playground, Pool, TV Cable, Tennis Court(s), Whirlpool
      • Subdivision: THE PALMS OF DESTIN
      HOA
      • Has HOA: Yes
      • Services included: Electricity, Maintenance Grounds, Insurance, Management, Recreational Faclty, Security, Sewer, Cable TV, Telephone, Trash, Water, Internet
      Location
      • Region: Destin

      Financial & listing details

      • Price per square foot: $340/sqft
      • Tax assessed value: $377,250
      • Annual tax amount: $3,677
      • Date on market: 11/1/2025

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        11/3/2025Price change$399,000-6.1%$340/sqft
        Source: ECAOR #975320 Report a problem
        9/22/2025Price change$425,000-5.6%$362/sqft
        Source: ECAOR #975320 Report a problem
        7/31/2025Price change$450,000-5.2%$383/sqft
        Source: ECAOR #975320 Report a problem
        5/1/2025Listed for sale$474,900-4%$404/sqft
        Source: ECAOR #975320 Report a problem
        4/14/2025Listing removed$494,900$421/sqft
        Source: ECAOR #968206 Report a problem
        3/19/2025Price change$494,9000%$421/sqft
        Source: ECAOR #968206 Report a problem
        3/1/2025Price change$495,000-4.8%$421/sqft
        Source: ECAOR #968206 Report a problem
        2/10/2025Listed for sale$520,000-7.1%$443/sqft
        Source: ECAOR #968206 Report a problem
        10/30/2024Listing removed$560,000$477/sqft
        Source: ECAOR #949318 Report a problem
        8/3/2024Price change$560,000-0.9%$477/sqft
        Source: ECAOR #949318 Report a problem
        5/7/2024Listed for sale$565,000+151.1%$481/sqft
        Source: ECAOR #949318 Report a problem
        11/28/2019Sold$225,000-2.1%$191/sqft
        Source: ECAOR #819881 Report a problem
        9/17/2019Price change$229,8000%$196/sqft
        Source: Pinnacle Beach Properties #819881 Report a problem
        9/15/2019Price change$229,900-1.1%$196/sqft
        Source: Pinnacle Beach Properties #819881 Report a problem
        9/6/2019Price change$232,500-3.9%$198/sqft
        Source: Pinnacle Beach Properties #819881 Report a problem
        9/2/2019Price change$241,900-0.4%$206/sqft
        Source: Pinnacle Beach Properties #819881 Report a problem
        8/28/2019Price change$242,900-0.8%$207/sqft
        Source: Pinnacle Beach Properties #819881 Report a problem
        8/19/2019Price change$244,900-0.4%$208/sqft
        Source: Pinnacle Beach Properties #819881 Report a problem
        8/16/2019Price change$245,900-0.4%$209/sqft
        Source: Pinnacle Beach Properties #819881 Report a problem
        8/9/2019Price change$246,900-0.8%$210/sqft
        Source: Pinnacle Beach Properties #819881 Report a problem
        8/2/2019Price change$248,900-0.4%$212/sqft
        Source: Pinnacle Beach Properties #819881 Report a problem
        7/20/2019Price change$249,900-2%$213/sqft
        Source: Pinnacle Beach Properties #819881 Report a problem
        7/15/2019Price change$254,900-1.9%$217/sqft
        Source: Pinnacle Beach Properties #819881 Report a problem
        6/24/2019Price change$259,900-1.7%$221/sqft
        Source: Pinnacle Beach Properties #819881 Report a problem
        5/9/2019Listed for sale$264,300+55.5%$225/sqft
        Source: Pinnacle Beach Properties #819881 Report a problem
        2/11/2010Sold$170,000$145/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,791 +0.8%$272,615 +10%
        2024$3,760 +2.9%$247,832 -38.2%
        2023$3,654 +25.1%$401,000 +40.2%
        2022$2,921 +26.3%$286,000 +53.6%
        2021$2,312 +8.1%$186,200 +8.9%
        2020$2,140 +1.6%$171,000 +3%
        2019$2,106 +1.9%$166,000 +3.1%
        2018$2,067 $161,000 +0.6%
        2017$2,067 -1.1%$160,000 +3.9%
        2016$2,091 +4.5%$154,000 -4.3%
        2015$2,000 -6.2%$161,000
        2014$2,133 $161,000 +5.9%
        2013-- $152,000 +6.3%
        2012-- $143,000 -1.4%
        2011-- $145,000 -26.8%
        2010-- $198,000 -25%
        2009-- $264,000 -28.1%
        2008-- $367,000 +2346.7%
        2007-- $15,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 32541

        Getting around

        49 / 100
        Car-Dependent
        56 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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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