3587 Waverly Cir, Destin, FL 32541
- $1,361,000
- 5
- BD
- 4
- BA
- 2,695
- SqFt
- Sold Price
- $1,361,000
- List Price
- $1,390,000
- Closing Date
- Mar 27, 2026
- Days on Market
- 50
- MLS#
- 993129
- Status
- CLOSED
- Type
- Single Family Residential
- Subtype
- Detached Single Family
- Bedrooms
- 5
- Bathrooms
- 4
- Full Bathrooms
- 4
- Living Area
- 2,695
- Lot Size
- 4,791
- Neighborhood
- Destin Beach West
Property Description
High-performing income property located in the gated community of Destin Pointe, PURPOSE-BUILT FOR SHORT TERM RENTAL SUCCESS. This proven vacation rental has generated $171,229 in 2024, and $162,102 in 2025, with $125,706 already on the books for 2026, providing immediate income for a new owner. The home is intentionally designed for group and multi-family bookings, featuring TWO SEPERATE LIVING SPACES with two full kitchens and no interior stairwell, allowing guests to vacation together while maintaining privacy—an ideal setup for extended families, multi-couple groups, and repeat rental guests. While this layout differs from a traditional single-family floor plan, it has consistently driven strong rental performance and repeat bookings. OUTDOOR AMENITIES include a PRIVATE HEATED IN-GROUND POOL, GARAGE W/ SPACE FOR GOLF CART STORAGE, DEEDED BEACH ACCESS, BEACH FRONT INFINITY POOL, and a seasonal community tram providing convenient access to the beach. Recent improvements include a 2024 metal roof and water heater, 2022 HVAC, and fresh interior and exterior paint, helping reduce near-term capital expenses. The seller is willing to continue professional property management at just 15%, offering a seamless transition for investors seeking a HANDS-OFF OWNERSHIP EXPERIENCE. This is an opportunity for buyers focused on net income, bookings in place, and cash-flow potential, rather than a traditional second-home layout. Ideal for investors or second-home buyers who prioritize revenue generation over cost offset in one of Destin's most established short-term rental communities.
/u.realgeeks.media/debbiewooley/header.png)
Additional Information
- Acres
- 0.11
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater
- Style
- Beach House
- Elementary School
- Destin
- Exterior Features
- Outdoor Grill, Balcony, Private Yard, Sprinkler System
- High School
- Destin
- Interior Features
- Breakfast Area, Vaulted/Cathedral Ceilings, Lock Out, Washer Hookup
- Legal Description
- DESTIN POINTE LOT 17
- Lot Features
- Flood Insurance
- Middle School
- Destin
- Neighborhood
- Destin Beach West
- Parking Features
- Guest, Garage
- Community Features
- Beach Access, Deed Access, Fishing, Gated, Pavillion/Gazebo, Picnic Area, Pool, Tennis Court(s), Short Term Rental Allowed
- Stories
- 2
- Subdivision
- Destin Pointe
- Year Built
- 2000
- Zoning
- Resid Single Family
Mortgage Calculator
Listing courtesy of Lokation. Selling Office: .
Vendor Member Number : 28166