3587 Waverly Circle
Destin, FL 32541
5 beds | 4.00 baths | #972716
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?
Property Details
- InteriorBreakfast Bar, Ceiling Raised, Floor Tile, Floor Vinyl, Furnished - All, Owner's Closet, Renovated, Washer/Dryer Hookup, Window Treatmen
- AppliancesDishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
- Community FeaturesBeach, Deed Access, Fishing, Gated Community, Pavillion/Gazebo, Picnic Area, Pool, Short Term Rental - Allowed, Tennis
- EnergyAC - 2 or More, AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, Water Heater - Elect
- Exterior FeaturesBalcony, BBQ Pit/Grill, Fenced Back Yard, Pool - In-Ground, Porch, Sprinkler System
- Exterior MaterialsFoundation On Piling, Frame, Roof Metal, Stucco, Trim Wood
- Lot FeaturesFlood Insurance Req, Within 1/2 Mile to Water
- Utility FeaturesElectric, Public Sewer, Public Water, TV Cable
- Property SubtypeDetached Single Family
- Property ConditionConstruction Complete
- SubdivisionDESTIN POINTE
- StyleBeach House
- Hoa Fee FrequencyQuarterly
- Property TypePurchase
- Taxes Annual$11,803
- Hoa Fees1230.40
- Cost1400000
- Lot Size50x100
- Elementary SchoolDestin
- Middle SchoolDestin
- High SchoolDestin
- MLS #972716
- MLS #972716
- Bathrooms4.00
- Year Built2000
- Taxes Annual Year2023
- ParkingYes
- Bedrooms5
- Pool1
- Parking Spaces1
Location
Legal
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Last Updated: . Source: ECAR
Listing Courtesy
Listing Agent: Hillary Driscoll Olds (#E8786)
Listing Office: Lokation (#EKCR)
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