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3587 Waverly Circle, Destin, FL 32541

Beds
5
Baths
4
Sqft
2,695
Garage
Yes
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byLokation
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Overview

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

Full feature list

Basic info

Property type
House
Number of bedrooms
5
Number of bathrooms
4
Square feet
2,695
Lot size (acres)
0.11
Year built
2000

Exterior features

Pool
Yes
Area amenities
Gated Community

Garage and parking

Garage parking spaces
1

Utilities

Heating
Central, Electric
Cooling
Central air, Ceiling fan(s), Electric
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2023)
$11,803.30

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Emerald Coast Association of REALTORS MLS®#: 993129

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