Coastal Vibes Luxury Group

Beach House

3587 Waverly Circle

Destin , FL 32541

MLS#: 993129

$1,390,000

Status: Coming Soon
Listing number: 993129
Listing provided by: Lokation
Listing agent phone: None
Last update: N/A
On site: 16 days ago
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DESTIN POINTE - Residential

Property

Beds

5

Full Baths

4

1/2 Baths

None

Year Built

2000

Sq.Footage

2,695

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 $202,000 in 2023, $175,000 in 2024, and $180,000 in 2025, with $97,000 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.

Features & Amenities

Interior

  • Other Interior Features

    Breakfast Bar

  • Total Bedrooms

    5

  • Bathrooms

    4

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Central Air

  • Heating YN

    YES

  • Heating

    Electric, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Construction Materials

    Frame

  • Other Exterior Features

    Balcony

  • Patio and Porch Features

    Porch

  • Pool

    Yes

  • Pool Features

    Outdoor Pool, In Ground, Private

Area & Lot

  • Lot Size(acres)

    0.11

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Beach House

Price

  • Sales Price

    $1,390,000

  • Zoning

    Resid Single Family

  • Sq. Footage

    2, 695

  • Price/SqFt

    $515

HOA

  • Association

    Yes

  • Association Fee

    $1,230

  • Association Fee Frequency

    Quarterly

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Destin

  • Middle School

    Destin

  • High School

    Destin

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Okaloosa

Elementary School

Destin

Middle School

Destin

High School

Destin

Listing Courtesy of Hillary Driscoll Olds , Lokation

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Agent Coastal Vibes Main Office

Sales Team

Coastal Vibes Main Office

Call Coastal Vibes today to schedule a private showing.

(850) 775-8774

(804) 832-4459

support@coastalvibeslux.com


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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 $202,000 in 2023, $175,000 in 2024, and $180,000 in 2025, with $97,000 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.

3587 Waverly Circle

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