3587 Waverly Circle Active Save Request In-Person Tour Request Virtual Tour
Destin,FL 32541
Key Details
Property Type Single Family Home
Sub Type Beach House
Listing Status Active
Purchase Type For Sale
Square Footage 2,695 sqft
Price per Sqft $519
Subdivision Destin Pointe
MLS Listing ID 972716
Bedrooms 5
Full Baths 4
Construction Status Construction Complete
HOA Fees $410/qua
HOA Y/N Yes
Year Built 2000
Annual Tax Amount $11,803
Tax Year 2023
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Beach House
Property Description
INVESTOR DREAM in Destin Pointe - 9.4%+ NET CAP RATE WITH PROVEN INCOME! Located in the popular gated community of Destin Pointe, this high-yield SHORT-TERM RENTAL GROSSED OVER $202K in 2023 and is already at nearly $130K YTD for 2025. With annual ownership costs of just $47K, this property delivers strong cash flow--and even includes an ASSUMABLE 4.375% CONVENTIONAL LOAN (qualification required). Designed for dual-family or group bookings, the home features TWO KITCHENS, offering rare flexibility and privacy for guests. Enjoy a private in-ground POOL, DEEDED BEACH ACCESS, NEW 2024 metal roof and water heater, 2022 HVAC, and fresh paint inside & out. The seller is also offering to continue professional property management at just 15%. Ready for your next hIgh-performing investment?
Location
State FL
County Okaloosa
Area 14 - Destin
Zoning Resid Single Family
Rooms
Guest Accommodations Beach,Deed Access,Fishing,Gated Community,Pavillion/Gazebo,Picnic Area,Pool,Short Term Rental - Allowed,Tennis
Kitchen Second
Interior
Interior Features Breakfast Bar,Ceiling Raised,Floor Tile,Floor Vinyl,Furnished - All,Owner's Closet,Renovated,Washer/Dryer Hookup,Window Treatment All
Appliance Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Refrigerator W/IceMk,Smoke Detector,Stove/Oven Electric,Washer
Exterior
Exterior Feature Balcony,BBQ Pit/Grill,Fenced Back Yard,Pool - In-Ground,Porch,Sprinkler System
Parking Features Garage,Guest
Garage Spaces 1.0
Pool Private
Community Features Beach,Deed Access,Fishing,Gated Community,Pavillion/Gazebo,Picnic Area,Pool,Short Term Rental - Allowed,Tennis
Utilities Available Electric,Public Sewer,Public Water,TV Cable
Private Pool Yes
Building
Lot Description Flood Insurance Req,Within 1/2 Mile to Water
Story 2.0
Structure Type Foundation On Piling,Frame,Roof Metal,Stucco,Trim Wood
Construction Status Construction Complete
Schools
Elementary Schools Destin
Others
HOA Fee Include Accounting,Management,Master Association,Recreational Faclty,Trash,TV Cable
Assessment Amount $1,230
Energy Description AC - 2 or More,AC - Central Elect,Ceiling Fans,Heat Cntrl Electric,Water Heater - Elect
Financing Conventional,Other