See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

4207 Indian Bayou Trl #21201, Destin, FL, 32541

2beds
2baths
1,175sqft
$539,000
$459price/sqft
$3,529/moest. monthly cost
$141,160/yrincome needed

About This Home

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!

Getting Around

49
WalkingCar-Dependent
0
TransitVery Limited Transit
57
BikeBikeable

Schools

9/10
Destin Middle SchoolGrades 5-82.0 mi
5/10
10/10
Destin Elementary SchoolGrades PK-42.3 mi

Construction

Condition

  • Property condition: Construction Complete
  • Year built: 2007

Materials

  • Roof: Flat
  • Construction materials: Block,Concrete

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Refrigerator
  • Laundry features: Washer/Dryer Hookup

Bedroom

  • Level: First
  • Area: 255
  • Dimensions: 17 x 15

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Newly Painted,Owner's Closet,Pantry,Elevator
  • Door features: Storm Door(s)
  • Window features: Storm Window(s),Window Treatments
  • Flooring: Tile,Vinyl

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 1,175
  • Total interior livable area: 1,175 sqft

Kitchen

  • Level: First
  • Area: 90
  • Dimensions: 10 x 9

Living Room

  • Level: First
  • Area: 252
  • Dimensions: 21 x 12

Master Bedroom

  • Level: First
  • Area: 210
  • Dimensions: 15 x 14

Property

Details

  • Parcel number: 002S22231000021201

Features

  • Pool features: Heated,In Ground
  • Exterior features: Outdoor Grill,Balcony,Sprinkler System,Tennis Court(s)
  • Has spa: Yes
  • Spa features: Heated
  • Has view: Yes
  • View description: Bay,Gulf,Gulf/Pass
  • Has water view: Yes
  • Water view: Bay,Gulf,Gulf/Pass

Parking

  • Parking features: Garage
  • Has garage: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningVery High
  • Tornado
    TornadoRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Tornado
Coastal Flooding
Heat Wave
Strong Wind
Tsunami

FEMA Declared Disasters in Okaloosa County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,725$32,700
Home Insurance *$81$972
Property Taxes $526$6,312
Electricity $197$2,366
Total$3,529$42,348
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$120,994/yr
40% on housing$105,870/yr
45% on housing$94,106/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.8%
15.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$459This listing

vs Other Active Listings

Avg $/sqft

ZIP 32541$411
Okaloosa County$262

vs Homes Sold Last Month

Median $/sqft

ZIP 32541$401
Okaloosa County$205

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-01-15Price change$539,000
2024-09-16Price change$549,500
2024-09-09Price change$559,500
2024-09-01Listed for sale$589,500
2024-07-03Listing removed$435,000
2023-07-03Listing removed--
2021-07-07Sold$420,000
2021-05-10Pending sale$435,000
2012-06-29Sold$139,500
2012-01-17Sold$91,000

For Sale by Agent

AgentAngela M Lemke
BrokerageBastion Realty LLC

Similar Homes