Description
💰 $50K-$65K Gross Rental Income. HOA Covers ALL Utilities. Gulf Views. Turnkey. Done.
Welcome to Unit 2603 at The Palms of Destin, a 6th-floor, Gulf-view, short-term rental approved condo that is already set up to earn. This is not a 'potential' investment. The HOA covering electricity, water, cable TV, and high-speed Wi-Fi, your ownership costs are predictable from day one.
This Junior 2-Bedroom, 2-Bathroom condo offers 970 sq. ft. of updated, coastal-inspired living space and sleeps up to 6 guests, a king bed in the master suite, a queen bed in the guest room, and a full queen sleeper sofa in the living area. Both bathrooms are full-size. The open-concept kitchen, breakfast bar, and living/dining area flow seamlessly to your private Gulf-and-lagoon-view balcony, the feature guests screenshot and share before they even check in.
Inside, you'll find updated flooring, fresh contemporary coastal furnishings, multiple flat-screen smart TVs, and a full-size in-unit washer and dryer, the amenity that earns 5-star reviews and repeat bookings from families and couples alike. The unit is fully furnished and turnkey. No additional investment required to start generating income. The resort amenities are a category of their own:
Destin's largest lagoon pool, 11,000 sq. ft., 259,000 gallons, zero-entry design with 5 dancing waterfalls, walking bridges, and a sprawling lounge deck
21,000-gallon heated pool, children's splash pad, and whirlpool hot tub
2,265 sq. ft. state-of-the-art fitness center
Two lighted tennis courts, full basketball courts, indoor pickleball court
On-site Bistro Bar & Restaurant, coffee shop, and sports lounge
Complimentary seasonal beach shuttle to public Gulf beach access
Gated children's playground, BBQ & picnic areas
Secured covered parking garage, elevator access, 24/7 security patrol
EV charger on property
Location is everything. You are steps from Joe's Crab Shack, Bubba Gump Shrimp, The Back Porch, Ruth's Chris Steak House, and Fudpuckers. Destin Commons (75+ shops, AMC Theater, Bass Pro Shop) and HarborWalk Village are minutes away by car. Henderson Beach State Park, 6,000 feet of pristine Gulf-front beach, is a 14-minute walk from your front door.
Investment Highlights:
Short-Term Rental Approved, resort STR permitted, Okaloosa County
HOA Covers: Electricity | Water | Cable TV | High-Speed Wi-Fi | Amenities
Fully furnished and turnkey, income-ready from Day 1
6th Floor, Gulf views + lagoon pool views from private balcony
Sleeps 6, highest-demand guest configuration for families and groups
In-unit W/D, top-ranked amenity by guest review data
Year-round demand: peak summer + strong snowbird/winter market (Nov-Feb)
Built 2007 | 970 sq. ft. | 2BR / 2BA | Unit 2603 | 4201 Indian Bayou Trail
Whether you're an investor looking for a proven Emerald Coast cash-flow vehicle, a 1031 exchange buyer deploying capital into a tax-advantaged beach asset, or a family ready to stop renting someone else's beach memories and start owning your own, Unit 2603 checks every box.
Ready to run the numbers, schedule a showing, or review the rental performance history? Make your appointment for an exclusive tour today.
