$1,390,000
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5 Beds
4 Baths
2,695 SqFt
SOLD DATE : 03/27/2026
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,695 sqft
Price per Sqft $505
Subdivision Destin Pointe
MLS Listing ID 993129
Sold Date 03/27/26
Style Beach House
Bedrooms 5
Full Baths 4
HOA Y/N Yes
Year Built 2000
Annual Tax Amount $11,803
Tax Year 2023
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 50x100
Property Sub-Type Detached Single Family
Source Emerald Coast Association of REALTORS®
Land Area 2695
Property Description
High-performing income property located in the gated community of Destin Pointe, PURPOSE-BUILT FOR SHORT TERM RENTAL SUCCESS. This proven vacation rental has generated $171,229 in 2024, and $162,102 in 2025, with $125,706 already on the books for 2026, providing immediate income for a new owner. The home is intentionally designed for group and multi-family bookings, featuring TWO SEPERATE LIVING SPACES with two full kitchens and no interior stairwell, allowing guests to vacation together while maintaining privacy—an ideal setup for extended families, multi-couple groups, and repeat rental guests. While this layout differs from a traditional single-family floor plan, it has consistently driven strong rental performance and repeat bookings. OUTDOOR AMENITIES include a PRIVATE HEATED IN-GROUND POOL, GARAGE W/ SPACE FOR GOLF CART STORAGE, DEEDED BEACH ACCESS, BEACH FRONT INFINITY POOL, and a seasonal community tram providing convenient access to the beach. Recent improvements include a 2024 metal roof and water heater, 2022 HVAC, and fresh interior and exterior paint, helping reduce near-term capital expenses. The seller is willing to continue professional property management at just 15%, offering a seamless transition for investors seeking a HANDS-OFF OWNERSHIP EXPERIENCE. This is an opportunity for buyers focused on net income, bookings in place, and cash-flow potential, rather than a traditional second-home layout. Ideal for investors or second-home buyers who prioritize revenue generation over cost offset in one of Destin's most established short-term rental communities.
Location
State FL
County Okaloosa
Community Short Term Rental - Allowed, Beach, Deed Access, Fishing, Gated Community, Pavillion/Gazebo, Picnic Area, Pool, Tennis
Area 14 - Destin
Zoning Resid Single Family
Direction From Hwy 98, turn onto Gulf Shore Dr, for 1.5 miles, continue until you reach the guard gate on the left. Turn right onto Waverly Cir and the house is on the right.
Rooms
Primary Bedroom Level Upper
Master Bedroom true
Dining Room true
Kitchen true
Interior
Interior Features Breakfast Bar, Ceiling Raised, Owner's Closet, Washer/Dryer Hookup
Heating Central
Cooling Ceiling Fans, Central Air
Flooring Floor Tile, Floor Vinyl
Furnishings Furnished - All
Window Features Window Treatment All
Appliance Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
Exterior
Exterior Feature Balcony, BBQ Pit/Grill, Fenced Back Yard, Sprinkler System, In-Ground Pool, Porch, Fenced Backyard, BBQ / Grill, Sprinkler System, Balcony
Parking Features Garage, Guest
Garage Spaces 1.0
Pool Pool - In-Ground, Pool Type
Community Features Short Term Rental - Allowed, Beach, Deed Access, Fishing, Gated Community, Pavillion/Gazebo, Picnic Area, Pool, Tennis
Utilities Available Electric, Public Water, TV Cable
Roof Type Metal
Street Surface Paved
Porch Porch
Road Frontage Private Road
Garage Yes
Building
Lot Description Flood Insurance Req, Within 1/2 Mile to Water
Faces From Hwy 98, turn onto Gulf Shore Dr, for 1.5 miles, continue until you reach the guard gate on the left. Turn right onto Waverly Cir and the house is on the right.
Story 2
Foundation Foundation On Piling
Sewer Public Sewer
Architectural Style Beach House
New Construction No
Schools
Elementary Schools Destin
Middle Schools Destin
High Schools Destin
Others
Pets Allowed No
HOA Fee Include Accounting,Management,Master Association,Recreational Faclty,Cable TV,Trash
Tax ID 00-2S-24-0110-0000-0170
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