Features & Amenities

Interior

  • Other Interior Features

    Breakfast Bar

  • Total Bedrooms

    2

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air, Gas, Ceiling Fan(s), Electric

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Concrete

  • Other Exterior Features

    Balcony

  • Parking

    Garage, Attached

  • Pool

    Yes

  • Pool Features

    Community

Area & Lot

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    N/A

Price

  • Sales Price

    $288,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    Yes

  • Association Fee

    $3,598

  • Association Fee Frequency

    Quarterly

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Destin

  • Middle School

    Destin

  • High School

    Destin

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

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Okaloosa

Elementary School

Destin

Middle School

Destin

High School

Destin

Listing Courtesy of Michael A Johnson , Century 21 BE3

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Motivated Seller!  Best priced unit with beautiful pool views from this two bedroom, two bath unit in Tower 1 at The Palms of Destin.  This resort features and onsite restaurant, a pool bar, hot tub, and a large resort style pool, as well as tennis, pickelball, basketball, and a childrens playground.  Located one block from the worlds most beautiful beaches, you and your guests will truly enjoy your time at this special resort.  New HVAC installed in 2022, and new sleeper sofa in the living room.  The master bedroom features a new mattress and has poolside views and the spacious living area is perfect for hanging out in the evening and catching movie or sunset.  Gated garage offers covered parking as well.  It's time to make this beauty your own.

4203 Indian Bayou Trail 1505

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Unit 21014 occupies a prime position in the west tower of The Palms of Destin Resort & Conference Center -- one of the Emerald Coast's most recognized vacation destinations. The unit has been completely refreshed over the past year: every room features all-new furniture and furnishings, creating a turnkey product that photographs beautifully and is ready to receive guests or welcome a new owner without a dollar of additional investment.
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The quarterly HOA fee covers every operating expense an owner would otherwise carry separately: electricity, water, cable, internet, trash removal, all structural and exterior building insurance, pest control, grounds maintenance, and full access to all resort amenities. There is no separate power bill. No water bill. No insurance premium for the structure.
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THE RESORT -- AMENITIES IN FULL

The Palms of Destin is not a basic condo complex. The amenity package rivals full-service Gulf Coast resorts: a multi-pool lagoon system with waterfalls, heated pool, children's splash pad, and a hot tub; an onsite restaurant and tiki bar; a dedicated coffee shop; a 10,000+ square foot fitness center; pickleball courts, tennis, basketball, and a grilling area; covered parking; and a complimentary beach shuttle running mid-March through October. For guests, this level of amenity means 5-star reviews, repeat bookings, and premium nightly rates. For owners, demand is driven by the property itself -- not the individual unit.
THE INVESTMENT CASE
West-tower two-bedroom units at The Palms with competent management and optimal pricing have demonstrated $45,000-$55,000 in annual gross rental income. The unit is currently enrolled in a short-term rental program. Buyer may elect to continue with an existing management relationship or establish their own program at closing -- there are no long-term management contracts binding the new owner beyond reservations through early July.
Financing note: conventional Fannie Mae / Freddie Mac financing is not available for The Palms due to the short-term rental concentration in the complex. Portfolio and non-QM lending products are available. Contact listing agent for a current approved lender list.
PRICING CONTEXT

At $315,000, this is the most aggressively priced Gulf-view two-bedroom unit in the complex. The only recent sale of a comparable unit closed at $310,000 in January 2026. This unit is priced near that comp with all-new furnishings and move-in-ready condition that comparable listings cannot claim. For a buyer ready to act, the opportunity cost of waiting is the next available unit at a higher price.
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MLS#: 1005637

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