4203 Indian Bayou Trl Unit 11209, Destin, FL 32541
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About this home
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.
CondoProperty Type
2007Year Built
$304Price/Sq.Ft.
$1,235/moHOA Dues
Listed by Nichole Causton• Go Coastal Realty LLC
Bought with Danny Margagliano• World Impact Real Estate
Est. $1,959 per month, based on comparable rentals
Sale and tax history for 4203 Indian Bayou Trl Unit 11209
Sale History
Tax History
Date
Event
Price
ECAR #974608
Jul 23, 2026
Sold
$295,000
$304/sq ft
Jun 1, 2026
Price Changed
$313,000
$323/sq ft
May 2, 2026
Relisted
—
May 2, 2026
Price Changed
$325,000
$335/sq ft
Feb 10, 2026
Price Changed
$344,000
$355/sq ft
Jul 10, 2025
Price Changed
$349,000
$360/sq ft
Jun 20, 2025
Price Changed
$389,900
$402/sq ft
Apr 23, 2025
Listed
$399,900
$412/sq ft
ECAR #830820
Nov 5, 2019
Sold
$230,000
$237/sq ft
Nov 5, 2019
Sold
$230,000
$237/sq ft
Sep 6, 2019
Listed
$269,500
$278/sq ft
+44
Penthouse - 2 bedroom, 2-bath courtyard unit with exceptional views of the Gulf, lagoon pool, and Resort amenities! This penthouse condo is offered fully furnished with an already established book of business and an outstanding rental history of $30k+ annually! This unit has new plank tile floors throughout the living area. The kitchen boasts granite countertops and maple cabinetry. Master bedroom features a king bed with balcony access that overlooks the courtyard pool and takes full advantage of the Gulf views. The second bedroom has bunkbeds with a flat screen tv. The Palms includes first class amenities with expansive 11,000 SF lagoon pool, waterfalls, spa, children's pool, playground and splash pool, lighted tennis & basketball courts, first class fitness center, seasonal shuttle seasonal shuttle service to the beach, and covered protected parking. Also on site is a restaurant, conference center, social space, and reception desk. ALL UTILITIES INCLUDED-ELECTRIC,WIFI,WATER, CABLE in HOA Dues!
NAMLS #719169
Jul 31, 2015
Listing Removed
—
Dec 8, 2014
Listed
$184,000
$190/sq ft
Dec 8, 2014
Listed
$184,000
$190/sq ft
ECAR #569979
Jun 15, 2012
Sold
$147,900
$152/sq ft
Jun 15, 2012
Sold
$147,900
$152/sq ft
Jan 11, 2012
Listed
$157,900
$163/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,396 (−3.7%)
2024
$3,529 (+5.2%)
2023
$3,355 (+13.6%)
2022
$2,954 (+28.6%)
2021
$2,297 (+9.9%)
2020
$2,089 (+9.8%)
2019
$1,903 (+12.3%)
$167,000
2018
$1,695 (+1.3%)
$132,000
2017
$1,673 (+3.9%)
$128,000
2016
$1,610 (−5.7%)
$128,000
2015
$1,708 (−1.2%)
$129,000
2014
$1,728
Public record
Public record
Zoning
Beds
1
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
2007
Sq. Ft.
970
Year built
2007
Style
Condo/Co-op
County
Okaloosa County
APN
002S22231100011209
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 18, 2026.
CG
Commercial General District
The Commercial General zoning district shall apply to areas generally located along Harbor Boulevard, Emerald Coast Parkway and is intended to accommodate the general commercial needs of the permanent and seasonal residents. The general commercial needs of the permanent and seasonal residents are provided generally by the following uses: general retail sales and services; highway-oriented sales and services; offices; commercial hotels, motels, bed and breakfast establishments, other commercial transient living accommodations; and seasonal multi- family attached residential dwelling units. It is the intent of the CG zoning district to specifically not allow the following uses to be located in the district: permanent single-family detached uses; permanent multi-family attached residential dwelling units without a commercial component; manufacturing of goods; other activities that may generate nuisance impacts, including glare, smoke or other air pollutants, noise, vibration, major fire hazards or other impacts generally associated with more intensive industrial uses. Long-term,permanent residential uses shall be prohibited within the Commercial General CG zoning district, unless such residential developments incorporate a minimum of 45 percent of the development area as publicly leasable commercial space e.g., retail, office, restaurant, etc.The term publicly leasable commercial space shall mean: space that is open to the public to lease and use; not a space or use that is exclusively for the owners or guest of the residential development in question. Additionally, it is the intent of the zoning district to encourage a variety of uses to address general commercial needs, and not to allow the over-proliferation of any particular use.
Permitted uses
Include but are not limited to:
Religious facility
Bank
Day care facility
Laundromat
General retail
Tavern / bar / nightclub / micro-Brewery
Housing-Multiple units
Educational/school
Theater / performing arts facility
Communications tower
Property details
Parking
Garage Information
Has Garage
Parking Information
Parking Features: Garage
Interior
Bedroom Information
# of Bedrooms: 2
Master Bedroom Information
Master Bedroom/Bath Features: Master Bathroom Garden Tub
Master Bedroom Level: First
Bathroom Information
# of Bathrooms: 2
# of Baths (Full): 2
Kitchen Information
Kitchen Level: First
Interior Features
Furnished: Furnished
Interior Features: Breakfast Bar, Washer/Dryer Hookup, Woodwork Painted