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? Schedule a private tour today before the next booking rolls in!
For sale
$1,400,000
3587 Waverly Cir, Destin, FL 32541
5beds
2,695sqft
Est.:
Single Family Residence
Built in 2000
4,791.6 Square Feet Lot
$1,324,800 Zestimate®
$519/sqft
$410/mo HOA
What's special
Private in-ground poolDeeded beach accessMetal roofTwo kitchensWater heater
- 17 days
- on Zillow |
- 809 |
- 42 |
Zillow last checked: 7 hours ago
Listing updated: April 19, 2025 at 07:06am
Listed by:
Hillary Driscoll Olds 850-699-0344,
Lokation
Source: ECAOR,MLS#: 972716
Originating MLS: Emerald Coast
Originating MLS: Emerald CoastTravel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Primary bedroom
- Features: MBed Balcony
- Level: Second
Primary bathroom
- Features: Double Vanity, MBath Tile
Kitchen
- Level: Second
Living room
- Level: First
Heating
- Electric
Cooling
- AC - 2 or More, Electric, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Electric Range, Washer, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, High Ceilings, Owner's Closet, Renovated, Bedroom, Dining Room, Kitchen, Living Room, Master Bedroom
- Flooring: Tile, Vinyl
- Windows: Window Treatments
- Furnished: Yes
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,695
- Total interior livable area: 2,695 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage, Guest
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Porch
- Exterior features: Balcony, Barbecue, Sprinkler System, Tennis
- Has private pool: Yes
- Pool features: Private, In Ground
- Fencing: Back Yard
- Waterfront features: Beach
Lot
- Size: 4,791.6 Square Feet
- Dimensions: 50 x 100
- Features: Flood Insurance Req, Within 1/2 Mile to Water, Deed Access
Details
- Additional structures: Pavillion/Gazebo
- Parcel number: 002S24011000000170
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Beach House
- Property subtype: Single Family Residence
Materials
- Frame, Stucco, Trim Wood
- Foundation: Foundation On Piling
- Roof: Metal
Condition
- Construction Complete
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Cable Connected
Community & HOA
Community
- Features: Fishing, Gated, Picnic Area, Pool
- Security: Smoke Detector(s)
- Subdivision: Destin Pointe
HOA
- Has HOA: Yes
- Services included: Accounting, Management, Master Association, Recreational Faclty, Trash, Cable TV
- HOA fee: $1,230 quarterly
Location
- Region: Destin
Financial & listing details
- Price per square foot: $519/sqft
- Tax assessed value: $1,054,942
- Annual tax amount: $11,803
- Date on market: 4/9/2025
- Listing terms: Conventional,Other
- Lease term: Daily/Weekly
- Electric utility on property: Yes
- Road surface type: Paved
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