$300,000
4203 Indian Bayou Trl Unit 1704, Destin, FL 32541
- 2Beds
- 2Baths
- 970SqFt
- 2Beds
- 2Baths
- 970SqFt
- Property TypeCondo
- Year Built2007
- HOA Fees$1068/mo
- Price per Sqft$309
- On highrises4 Days
Property Details
Own the beach and let it pay you back! This isn't just a condo, it's a turn-key business that comes with sunshine, palm trees, and a zero-stress dress code. Fully furnished with views of the Gulf and priced WELL BELOW comparable units, this resort unit brought in about $60,000 in gross income in 2022, proving that beach life can be both relaxing and profitable. Spend mornings with coffee by one of many lagoon-style pools or walk to the shuttle that drops you at the sand. The resort includes a full gym, tennis, pickleball and basketball courts, playground, restaurant, bar, and coffee shop. Inside, the condo feels fresh and inviting with a king master suite, a second bedroom with twin-over-full bunks, updated flooring, and comfortable coastal furnishings. At a purchase price of $300,000, annual expenses (management, HOA, taxes, insurance, and utilities) average around $30,000, leaving about $30,000 in net income. That equals a 10% cap rate and, with standard financing of 20% down ($60,000) at 8% interest, about $9,000 annual cash flow: a 15% cash-on-cash return on day one. It's the rare mix of lifestyle and numbers that actually make sense. Use it, rent it, or both. This one is clean, proven, and ready to start earning the moment you close.
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 13' x 12'
- Bedroom 1 Dimensions: 10' x 12'
- Primary Bedroom Level: First
- Bedroom 1 Level: First
- Primary Bedroom Description: Buyer to verify
- Bedroom 1 Description: Buyer to verify
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Todd Siegrist
- state license#3398226
- Brokered by:
- Realty Hub
- (800) 900-1801
Also at 4203 Indian Bayou Trl
