3587 Waverly Circle, Destin, FL 32541

$1,400,000

bedrooms

bathrooms

square feet

2,695

Acreage

0.11

Open Houses

year built

2000

Full Baths

Half Baths

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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!

Location
Subdivision	Destin Pointe
County	Okaloosa
Elementary School	Destin
Middle School	Destin
High School	Destin

Driving directions

Open houses

None scheduled.

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MLS number: 972716

Listing agent: Hillary Driscoll Olds

Listing broker: Lokation Real Estate (954) 545-5583

Copyright © 2025 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Saturday, April 19 2025 at 8:02 p.m. EDT

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