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4207 Indian Bayou Trail UNIT 21201, Destin, FL 32541

THE PALMS OF DESTIN · Okaloosa County

Key Facts

2Beds
2Baths
1,175Sq Ft
2007Year Built
12Stories

Description

WOW PENTHOUSE & GULF VIEWS! This 'Guest favorite' is ranked 5 stars, and is ready to welcome you and your guests. Located at the penthouse 12th level this renovated exquisite 2-bedroom, 2-bathroom condo redefines luxury living with its breathtaking beachside charm and Spectacular Gulf Views! As you enter, you'll be greeted by crisp coastal white walls, complemented by beach inspired accents that evoke a sense of calm and spaciousness. The open-concept design seamlessly connects each area, allowing sunlight to illuminate the space and highlight the condo's stunning penthouse views of the Gulf and the Resorts 5 Star Lagoon Pool, and tropical filled grounds. An Incredible Investment Opportunity: with an amazing ROI Impressive rental history $$67,311 for 2024 and $59,540 so far in 2025, Boasting a strong rental history and future bookings already in place, this condo is not just a beautiful home but a lucrative investment. Perfect for investors, this property is ready to start generating income immediately. A Kitchen Built for Culinary Masterpieces: This fully remodeled kitchen is a chef's paradise, featuring stylish maple cabinetry, polished granite countertops, a brand-new refrigerator Dishwasher & Microwave & garbage disposal. Whether you're crafting a gourmet feast or a quick snack, this kitchen is both highly functional and aesthetically pleasing, complete with all the kitchenware and appliances needed to prepare delicious family meals. Relax and Entertain in Style: Beyond the kitchen, there are barstools for 3 at the kitchen bar; and the dining area is enhanced with a coastal wood table and chairs, creating a cozy setting perfect for intimate dinners or larger social gatherings. Moving from the open concept dining area to the living room, you will find an Extra-large wall mount flat screen tv and a room adorned with coastal-inspired furnishings and boasting spectacular gulf views. It is your perfect relaxation haven. Open the sliding glass doors to the expansive balcony to savor your morning coffee while taking in the sweeping horizon or unwind with an evening drink as the sky paints a colorful end to another day in paradise. A Luxurious Master Retreat: The primary bedroom serves as a tranquil escape, featuring a king-sized bed and blackout curtains to ensure a peaceful night's sleep. A small dedicated workspace is etched out to catch up with folks back home or just catch up on emails. The en suite bathroom, equipped with a spacious garden soaking tub, shower combo and linen closet. A Comfortable Guest Oasis: The second bedroom is ideal for guests offering another King Bed, with access to a secondary private balcony that overlooks the tennis courts, City Park and playground. with Bay views. The second Guest bathroom has been updated with Carrea marble and stone, creating a sense of luxury, with a newly tiled walk-in shower. Move-In Ready Convenience: This condo has been expertly renovated and comes fully furnished, including all décor, kitchen accessories, appliances, and a full-sized stacked washer and dryer at the entrance. Every detail has been carefully considered, so all you need to bring is your suitcase! The new owner will benefit from a New HVAC, still under warranty, and a new water heater, providing peace of mind and added value. Resort-Style Amenities Await You: As a resident of The Palms of Destin Resort, you'll have exclusive access to a host of amenities, including a stunning lagoon-style pool, hot tub, secondary heated pool, and a poolside bar offering room service. Additional amenities include a splash pad, a modern fitness center, outdoor pickleball, tennis, and basketball courts. Playground and charcoal grilling area. Enjoy relaxation at the IV hydration bar or use the resort shuttle to explore nearby Henderson Beach and shopping destinations. With the on-site Palms Coffee House and the vibrant Good Vibes Bar, & Bistro there's truly something for everyone to enjoy. Call to schedule your video walk through or your private tour of this Amazing Penthouse level condo today!

Property Information

Property Type

Residential

Sub-Type

Condominium

Style

N/A

Year Built

2007

Stories

12

Living Area

1,175 sq ft

Days on Market

634

MLS® Listing#

958253

Property Features

Interior

PantryElevator

Exterior

Outdoor GrillBalconyTennis Court(s)

Appliances

DishwasherDisposalDryerMicrowaveRefrigeratorElectric Oven

Cooling

Central AirCeiling Fan(s)Electric

Heating

CentralElectric

Flooring

TileVinyl

Pool

HeatedIn GroundCommunity

Parking

Garage

Construction

BlockConcrete

Roof

Flat

Windows

Storm Window(s)Window Treatments

Security

Security SystemSmoke Detector(s)

Community

GatedPlaygroundPoolTennis Court(s)

Utilities

Cable AvailableElectricity Available

Sewer

Public Sewer

Water Source

Public

Rooms

  • Bedroom17 x 15First
  • Kitchen10 x 9First
  • Living Room21 x 12First
  • Master Bedroom15 x 14First

Schools

Elementary:
Destin
Middle:
Destin
High:
Destin

Financial Details

HOA

$4,488 / Quarterly

Annual Taxes

$4,408

Tax year 2023

Parcel Number

00-2S-22-2310-0002-1201

Directions

Located on the Corner of Indian Bayou Trail and Emerald Coast Parkway, 1/2 mile to entrance of Henderson State Park Beach.

Affordability Calculator

$107,800

Estimated monthly payment

$2,869/mo

Principal $431,200 · Est. interest $601,562 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Destin, FL

$641,304
Median Listing Price
116
Median Days on Market
1,500
Median Sq Ft
$460
Median Price / Sq Ft
710
Active Listings
  • This home’s price is 16% below the area median.
  • Its price per sq ft is right around the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Destin, FL.

Location

Map showing the location of 4207 Indian Bayou Trail UNIT 21201, Destin, FL 32541

Points of Interest in Destin, FL

Showing the Destin area map.

Nearby Schools

  • Destin High School

    Secondary · 0.8 mi away

  • Asheford Institute of Antiques

    School · 1.9 mi away

  • Destin Middle School

    Secondary · 2.0 mi away

  • Destin Elementary School

    Elementary · 2.3 mi away

  • Gateway Academy

    School · 6.2 mi away

  • Bluewater Elementary School

    Elementary · 7.4 mi away

  • Addie R Lewis School

    Elementary · 7.5 mi away

  • Eglin Elementary School

    Elementary · 7.5 mi away

  • Niceville Head Start

    School · 7.8 mi away

  • Shalimar Elementary School

    Elementary · 8.2 mi away

  • Meigs Middle School

    Secondary · 8.5 mi away

  • St. Paul Lutheran Church and School of Niceville

    School · 8.6 mi away

  • James E. Plew Elementary School

    Elementary · 8.6 mi away

  • Niceville High School

    Secondary · 8.7 mi away

  • Elliott Point Elementary School

    Elementary · 8.7 mi away

  • Ami Kids Emerald Coast

    School · 8.7 mi away

  • Emerald Coast Autism Center

    School · 8.8 mi away

  • Kids Discovery

    School · 9.0 mi away

  • Okaloosa Stemm Center

    Secondary · 9.0 mi away

  • Ashnick Academy

    School · 9.1 mi away

Commute Calculator

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Similar Home Values

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Moving Cost Estimate

EXIT Agents in Destin

Listing Courtesy: Bastion Realty LLC - 8504201959

IDX property data is provided exclusively for consumers’ personal, non-commercial use, and IDX data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS. IDX data provided by the Emerald Coast Association of Realtors.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by EmeraldCoast. MLS® Listing#958253. © 2026EXIT Realty®. All rights reserved.