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For sale
$399,999
2beds
1,150sqft

4203 Indian Bayou Trl #1115, Destin, FL 32541

2beds
1,150sqft
Condominium
Built in 2007
$383,000 Zestimate®
$348/sqft

What's special

Ground-floor corner end-unitFresh modern finishesLight-filled open-concept spaceDesigner lighting

Welcome to Unit 1115 at The Palms of Destin where effortless coastal elegance meets resort-style living in the heart of Destin and less than a half mile from the white sugary sands of the Emerald Coast. Perfectly positioned as a rare ground-floor, corner end-unit with 10' ceilings, this condo can be used as a turn-key investment (short-term or long-term), second home, or primary residence and projects between $35-55k annually. Everything conveys. This beautifully appointed 2-bedroom, 2-bath residence invites you into a light-filled, open-concept space designed for both relaxation and entertaining. From the moment you step inside, you'll notice fresh modern finishes, and coastal-inspired palette of soft whites, blues, and sandy neutrals creating a serene, beachside ambiance throughout. You'll notice beautiful paintings and these are original artwork painted by a previous owner and they stay with the home. The kitchen flows seamlessly into the dining and living areas, highlighted by designer lighting and thoughtful touches that make the space feel both elevated and inviting. The fridge is newer and offers an ice-maker on the exterior freezer door. Both bedrooms feature king-sized accommodations, offering comfort and privacy for owners and guests alike. What truly sets this residence apart is its expansive private patio with three separate access points from the living room and both bedrooms creating an effortless indoor-outdoor lifestyle. The water heater and HVAC are less than 4 years old. Whether you're seeking a turnkey investment, second home, or full-time residence, this condo delivers with rental-ready furnishings, newer LVP flooring and tile in bathrooms and kitchen, and a layout designed for both comfort and income potential. ALL items convey (everything you see in photos including furniture, appliances, kitchenware, electronics, artwork - except linens - they belong to the current property manager). COA fees cover water, electric, internet, TV, and trash so basically all utilities, including access/upkeep of all amenities at the Palms. Step outside and you're just moments from the resort's stunning 11,000 sq ft lagoon pool, giving this unit a true "walk-out resort" feel that guests and owners absolutely love. Residents and guests of The Palms of Destin enjoy an unmatched suite of amenities, including: * A spectacular lagoon-style pool, heated pool, spa, and splash pad * On-site restaurant, bar, and coffee shop * Tennis, pickleball, and basketball courts * 24-hour fitness center and playground * Seasonal shuttle service to the beach, HarborWalk Village, and Destin Commons * Covered parking, EV charging stations, and nearby dog park Located less than 1/2 a mile from the sugar-white sands and emerald waters of the Emerald Coast, this is more than a property, it's your gateway to the Destin lifestyle. Opportunities like this ground-floor, corner end-unit, walk-out to the pool are incredibly rare. Schedule your private showing today and experience it for yourself.

220 days
107
3
Source: ECAOR,MLS#: 998322MLS Logo
Travel times

Living Room

Kitchen

Dining Room

Zillow last checked:

Listing updated:

Listed by:

Shantel F Peterson 850-543-9000,

Real Broker LLC

Source: ECAOR,MLS#: 998322MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
Primary bedroom
  • Level: First
  • Area: 224 Square Feet
  • Dimensions: 16 x 14
Bedroom
  • Level: First
  • Area: 176 Square Feet
  • Dimensions: 16 x 11
Dining area
  • Level: First
  • Area: 391 Square Feet
  • Dimensions: 23 x 17
Kitchen
  • Level: First
  • Area: 153 Square Feet
  • Dimensions: 17 x 9
Heating
  • Central
Cooling
  • Central Air
Appliances
  • Included: Dishwasher, Dryer, Microwave, Washer, Electric Water Heater
  • Laundry: Washer/Dryer Hookup
Features
  • Breakfast Bar, Tray Ceiling(s), Kitchen Island, Pantry
  • Flooring: Laminate, Tile
  • Windows: Window Treatments
  • Furnished: Yes
Interior area
  • Total structure area: 1,150
  • Total interior livable area: 1,150 sqft

Property

Parking
  • Parking features: Detached
  • Has garage: Yes
Features
  • Patio & porch: Covered
Details
  • Parcel number: 002S22231100001115
  • Special conditions: Accept Backup Offers

Construction

Type & style
  • Home type: Condo
  • Property subtype: Condominium
Materials
  • Stucco
  • Roof: Metal
Condition
  • Construction Complete
  • New construction: No
  • Year built: 2007

Community & HOA

Community
  • Features: Dumpster, Elevators, Fitness Center, Handicap Provisions, Picnic Area, Playground, Pool, TV Cable, Tennis Court(s), Whirlpool
  • Security: Fire Alarm, Smoke Detector(s)
  • Subdivision: THE PALMS OF DESTIN
HOA
  • Has HOA: Yes
  • Services included: Electricity, Maintenance Grounds, Insurance, Recreational Faclty, Security, Sewer, Cable TV, Trash, Water, Internet
Location
  • Region: Destin

Financial & listing details

  • Price per square foot: $348/sqft
  • Tax assessed value: $308,524
  • Annual tax amount: $3,533
  • Date on market: 3/18/2026

Price history

DateEventPrice
3/18/2026Listed for sale$399,999-10.1%$348/sqft
Source: ECAOR #998322 Report a problem
2/9/2026Listing removed$444,900$387/sqft
Source: ECAOR #968712 Report a problem
5/8/2025Price change$444,900-1.1%$387/sqft
Source: ECAOR #968712 Report a problem
2/15/2025Listed for sale$449,900+104.5%$391/sqft
Source: ECAOR #968712 Report a problem
12/27/2018Sold$220,000+33.3%$191/sqft
Source: Agent Provided Report a problem
10/31/2014Sold$165,000$143/sqft
Source: ECAOR #702739 Report a problem

Public tax history

YearProperty taxesTax assessment
2025$3,534 +1.9%$289,892 +10%
2024$3,469 +3.7%$263,538 -19.7%
2023$3,346 +11.8%$328,000 +15.5%
2022$2,994 +20.8%$284,000 +41%
2021$2,479 +10.1%$201,400 +11.9%
2020$2,252 -1.4%$180,000
2019$2,283 $180,000
Find assessor info on the county website

Monthly payment

Est. payment
$2,558/mo
Principal & interest
$2148
Property taxes
$410
More affordability toolsChevron Right

Estimated market value

$383,000

$364,000 - $402,000

$2,545/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 32541

Nearby schools

Destin Middle School
Grades 5-8 • 2 miles
8/10
GreatSchools® Rating
Test Score Rating
8/10
Student Progress Rating
7/10
Fort Walton Beach High School
Grades 9-12 • 11.1 miles
4/10
GreatSchools® Rating
Test Score Rating
5/10
College Readiness Rating
5/10
Student Progress Rating
2/10
Destin Elementary School
Grades PK-4 • 2.4 miles
9/10
GreatSchools® Rating
Test Score Rating
8/10
Student Progress Rating
9/10