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$385,000

Beds
2
Baths
2.0
sq ft
970

4203 Indian Bayou Trl Unit 1508, Destin, FL 32541

4203 Indian Bayou Trl Unit 1508

Destin, FL 32541

  • <1 day on market
Searching for a Rental Ready Condo that's ready to make money this year and is turn key? Invest in this pristine coastal 2 bedroom, 2 bath, 5th floor retreat at The Palms of Destin with a balcony that overlooks the Gulf of Mexico. This well designed retreat sleeps 6 comfortably and is a perfect primary residence, 2nd home or investment. The character of this open living concept unit features granite counter tops, luxury vinyl flooring and a pantry in the kitchen. Upgrades include new sofa and oversized chair in the Living area, new drapes and Bunk Beds in the guest bedroom with a full bath and W/D. The Master offers a view of the Gulf, king size bed with En Suite Bath and a balcony door. There is a parking garage and a gated private parking area for the owners. HOA fee includes utilities

Details

Property type

Condominium

Est. home value

$412,275

Lot size

Unknown

Price per sq ft

$397

Year built

2007

Monthly HOA fee

$1,199.39

Price History

02/01/2025
EmeraldCoast

EmeraldCoast #967564

Listed
$385,000
+2.12%
03/16/2022
EmeraldCoast

EmeraldCoast #871258

Sold
$377,000
+124.4%
09/14/2020
EmeraldCoast

EmeraldCoast #854686

Sold
$168,000

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Destin

Community features: 

Pool, Tennis Court(s)

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$105,003
Asking price
$385,000
Closing costs (~8% of asking)
-$30,800
Est. remaining loan balance
-$249,197
Cash to seller
$105,003

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

March 2022

Original loan amount

$263,900

Est. remaining balance

$249,197

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Nathan Hillery and Maxine Hillery

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/02/2025 at 12:40 AM

Listing updated: 02/01/2025 at 9:24 PM

Listed by: The DestinDeano Team, Keller Williams Realty Destin Phone #: (850) 654-2900

MLS: EmeraldCoast #967564

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