4207 Indian Bayou Trail #UNIT 21014, Destin, FL 32541
Local realty services provided by:CENTURY 21 AllPoints Realty
4207 Indian Bayou Trail #UNIT 21014,Destin, FL 32541
$310,000
- 2 Beds
- 2 Baths
- - sq. ft.
- Condominium
- Sold
Listed by: scott martineau
Office: re/max coastal properties
MLS#:1005637
Source:FL_ECAR
Sorry, we are unable to map this address
Price summary
- Price:$310,000
About this home
Watch the sun drop into the Gulf of Mexico every evening from your own private balcony. Unit 21014 at The Palms of Destin sits in the coveted west tower, delivering unobstructed Gulf views and legendary Emerald Coast sunsets that never get old. At 970 heated and cooled square feet, this fully furnished two-bedroom, two-bath condo has been completely refreshed -- all new furniture and furnishings throughout, move-in and rent-ready from day one. The Palms is one of the Gulf Coast's most complete resort complexes: a spectacular lagoon-style pool with waterfalls, hot tub, and splash pad; an award-winning onsite restaurant and coffee shop; a 10,000+ sq ft fitness center; pickleball and tennis courts; basketball; poolside tiki bar; and a beach shuttle running mid-March through October. The quarterly HOA covers everything -- electric, water, internet, cable, all building insurance, trash, and full resort amenity access. Bring your personal belongings and your rental calendar. Nothing else required. Comparable well-managed two-bedroom units here generate $45,000-$55,000+ in annual gross rental income. Portfolio financing available -- contact listing agent for current approved lender list. Priced to move. This is the best value in the building for a west-facing Gulf-view unit. See agent remarks for showing instructions. THE UNIT
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.
The west tower orientation means this unit captures the two things Destin buyers want most: clear Gulf of Mexico views and those legendary sunset skies -- orange, gold, and pink -- that have made the Emerald Coast famous. This is not a pool-facing unit. It's the quieter, more private perspective. The one you watch the horizon from.
Interior layout features an open-plan living and dining area, a well-equipped kitchen with full appliances, a master suite with walk-in closet, a second bedroom configured with bunk beds for maximum rental occupancy, two full bathrooms, and in-unit laundry. All appliances convey.
THE HOA -- WHAT IT ACTUALLY COVERS:
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.
Owners are responsible only for contents/renter's insurance -- approximately $1,200-$1,300 per year -- and their own personal property taxes. For investment buyers, this is a significant operational advantage: monthly carrying costs outside the mortgage are fixed, predictable, and fully disclosed. No surprise utility bills.
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....
Contact an agent
Home facts
- Year built:2007
- Subdivision & Development:THE PALMS OF DESTIN
- Listing ID #:1005637
- Added:92 day(s) ago
- Updated:September 18, 2026 at 06:15 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:4
- Kitchen Description:Dishwasher, Microwave, Refrigerator, Stove/Oven Electric
Heating and cooling
- Central air:Yes
Structure and exterior
- Year built:2007
- Exterior Features:Balcony
- Foundation Description:Foundation On Piling
Schools
- High school:Destin
- Middle school:Destin
- Elementary school:Destin
Utilities
- Water:Public Water
Finances and disclosures
- Price:$310,000
- Tax amount:$3,326 (2022)
Features and amenities
- Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer
- Laundry features:Dryer, Washer
- Amenities:Breakfast Bar
New listings near 4207 Indian Bayou Trail #UNIT 21014
- Open Sun, 2 to 4pmNew
$559,000Active3 beds 2 baths1,684 sq. ft.322 Cypress Street, Destin, FL 32541
MLS# 1012227Listed by: URBAN INTEREST REALTY LLC 
$760,000Pending3 beds 3 baths2,106 sq. ft.4523 Golf Villa Court, Destin, FL 32541
MLS# 1012204Listed by: LEGENDARY REALTY LLC- New
$1,099,000Active4 beds 4 baths1,626 sq. ft.10 Harbor Boulevard #W1126, Destin, FL 32541
MLS# 1012083Listed by: LEGENDARY REALTY LLC - New
$450,000Active2 beds 2 baths1,072 sq. ft.970 Highway 98 #503, Destin, FL 32541
MLS# 1012106Listed by: KELLER WILLIAMS REALTY DESTIN - New
$575,000Active2 beds 3 baths1,500 sq. ft.1030 U.s. 98 #45, Destin, FL 32541
MLS# 1012097Listed by: THE NAUMANN GROUP REAL ESTATE INC - New
$1,450,000Active4 beds 3 baths3,531 sq. ft.4773 Calatrava Court, Destin, FL 32541
MLS# 1012090Listed by: KELLER WILLIAMS REALTY DESTIN - New
$1,750,000Active3 beds 3 baths1,970 sq. ft.15400 Emerald Coast Parkway #UNIT 406, Destin, FL 32541
MLS# 1012094Listed by: KELLER WILLIAMS REALTY DESTIN - New
$615,000Active2 beds 3 baths1,492 sq. ft.1030 Us-98 #49, Destin, FL 32541
MLS# 1012058Listed by: EXP REALTY LLC - New
$689,500Active4 beds 3 baths2,184 sq. ft.610 Fifth Street, Destin, FL 32541
MLS# 1011976Listed by: BERKSHIRE HATHAWAY HOMESERVICES - New
$795,000Active3 beds 3 baths2,196 sq. ft.5 Calhoun Avenue #306, Destin, FL 32541
MLS# 1011969Listed by: 1ST CLASS REAL ESTATE LANIER GROUP
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
©2026 Century 21 Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but not guaranteed accurate.