Updated Ground Floor
For Sale
$305,000
4207 Indian Bayou Trail UNIT 2113, Destin, FL 32541
Updated condo near beach with amenities and shuttle service.
Property Size970 SF
Price / SF$314.43
Days on Market582
Property Features for 4207 Indian Bayou Trail UNIT 2113
General Information
Standard status
Active
Size
970 SF
Property subtype
Condo/Townhome
Building Details
Year Built
2007
Listing Agency:
A List Beach Realty LLC
(850) 420-5281
Listed By:
Franklin A Perry · License #3399855
(850) 420-5281
Source:
Exitrealty
Added: Dec 26, 2024
Changed: Jul 6
Last Checked: Jul 23 at 4:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of A List Beach Realty LLC
Investment Insights
Based on property information with market context.
This ground floor unit features updated furniture, a new washer and dryer, a new compressor in the A/C unit, and new countertops in both bathrooms. The unit is located minutes from the large lagoon pool and hot tub, which includes a children's splash pad and heated pool. The Palms offers an on-site restaurant and coffee shop, a fitness center, pickleball, tennis courts, and basketball. The property is located across the street from the beach and offers a complimentary beach shuttle service to and from the beach and shopping. The property size is 970 square feet.
Key Highlights
- Ground floor unit with higher ceilings, no elevators needed.
- Minutes from large lagoon pool, hot tub, children's splash pad, and heated pool.
- Updated unit with new furniture, washer/dryer, A/C compressor, and bathroom countertops.**
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.3k | $24.00 |
| − Vacancy | −$3.7k | −$3.86 |
| EGI | $19.5k | $20.14 |
| − OpEx | −$8.8k | −$9.06 |
| NOI | $10.7k | $11.07 |
970 SF · lease $24.00/SF/yr · vacancy 16.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$153.5K
$134.3K – $179.1K
NOI $10,743 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$243.9K
$213.5K – $284.6K
NOI $17,076 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 32541, FL
18,419
Population
16,390
Households
1.1
Avg Household Size
45
Median Age
48%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
1,462
Density / Sq Mi
$93,004
Median Household Income
$47,991
Median Earnings
$1,976
Median Rent
$498,600
Median Home Value
Market
Properties on Market for Residential income properties in Okaloosa County
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condo near beach with amenities and shuttle service.
Where is this residential income property located?
The property is located at 4207 Indian Bayou Trail UNIT 2113 Destin, FL.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Ground floor unit with higher ceilings, no elevators needed.; Minutes from large lagoon pool, hot tub, children's splash pad, and heated pool.; Updated unit with new furniture, washer/dryer, A/C compressor, and bathroom countertops.**
