2 Beds
2 Baths
970 SqFt
2 Beds
2 Baths
970 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 970 sqft
Price per Sqft $324
Subdivision The Palms Of Destin
MLS Listing ID 1005637
Bedrooms 2
Full Baths 2
HOA Fees $3,550/qua
HOA Y/N Yes
Year Built 2007
Annual Tax Amount $3,326
Tax Year 2022
Property Sub-Type Condominium
Source Emerald Coast Association of REALTORS®
Land Area 970
Property Description
Unit 21014 occupies a prime position in the west tower of The Palms of Destin Resort & Conference Center -- one of the Emerald Coast's most recognized vacation destinations. The unit has been completely refreshed over the past year: every room features all-new furniture and furnishings, creating a turnkey product that photographs beautifully and is ready to receive guests or welcome a new owner without a dollar of additional investment.
The west tower orientation means this unit captures the two things Destin buyers want most: clear Gulf of Mexico views and those legendary sunset skies -- orange, gold, and pink -- that have made the Emerald Coast famous. This is not a pool-facing unit. It's the quieter, more private perspective. The one you watch the horizon from.
Interior layout features an open-plan living and dining area, a well-equipped kitchen with full appliances, a master suite with walk-in closet, a second bedroom configured with bunk beds for maximum rental occupancy, two full bathrooms, and in-unit laundry. All appliances convey.
THE HOA -- WHAT IT ACTUALLY COVERS:
The quarterly HOA fee covers every operating expense an owner would otherwise carry separately: electricity, water, cable, internet, trash removal, all structural and exterior building insurance, pest control, grounds maintenance, and full access to all resort amenities. There is no separate power bill. No water bill. No insurance premium for the structure.
Owners are responsible only for contents/renter's insurance -- approximately $1,200-$1,300 per year -- and their own personal property taxes. For investment buyers, this is a significant operational advantage: monthly carrying costs outside the mortgage are fixed, predictable, and fully disclosed. No surprise utility bills.
THE RESORT -- AMENITIES IN FULL
The Palms of Destin is not a basic condo complex. The amenity package rivals full-service Gulf Coast resorts: a multi-pool lagoon system with waterfalls, heated pool, children's splash pad, and a hot tub; an onsite restaurant and tiki bar; a dedicated coffee shop; a 10,000+ square foot fitness center; pickleball courts, tennis, basketball, and a grilling area; covered parking; and a complimentary beach shuttle running mid-March through October. For guests, this level of amenity means 5-star reviews, repeat bookings, and premium nightly rates. For owners, demand is driven by the property itself -- not the individual unit.
THE INVESTMENT CASE
West-tower two-bedroom units at The Palms with competent management and optimal pricing have demonstrated $45,000-$55,000 in annual gross rental income. The unit is currently enrolled in a short-term rental program. Buyer may elect to continue with an existing management relationship or establish their own program at closing -- there are no long-term management contracts binding the new owner beyond reservations through early July.
Financing note: conventional Fannie Mae / Freddie Mac financing is not available for The Palms due to the short-term rental concentration in the complex. Portfolio and non-QM lending products are available. Contact listing agent for a current approved lender list.
PRICING CONTEXT
At $315,000, this is the most aggressively priced Gulf-view two-bedroom unit in the complex. The only recent sale of a comparable unit closed at $310,000 in January 2026. This unit is priced near that comp with all-new furnishings and move-in-ready condition that comparable listings cannot claim. For a buyer ready to act, the opportunity cost of waiting is the next available unit at a higher price.
Location
State FL
County Okaloosa
Community Short Term Rental - Allowed, Pickle Ball, Community Room, Elevators, Exercise Room, Pets Allowed, Playground, Pool, Tennis, Tv Cable, Whirlpool
Area 14 - Destin
Direction The Palms of Destin is located on Hwy 98 and and Indian Bayou Rd near the City Hall Annex.
Rooms
Primary Bedroom Level Main
Master Bedroom true
Kitchen true
Interior
Interior Features Breakfast Bar, Owner's Closet
Heating Central
Cooling Central Air
Furnishings Furnished - All
Appliance Dishwasher, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer
Exterior
Exterior Feature Balcony, Balcony
Pool Pool Type
Community Features Short Term Rental - Allowed, Pickle Ball, Community Room, Elevators, Exercise Room, Pets Allowed, Playground, Pool, Tennis, TV Cable, Whirlpool
Utilities Available Electric, Public Water
View Gulf, Bayou, Bay
Accessibility 203
Garage No
Building
Faces The Palms of Destin is located on Hwy 98 and and Indian Bayou Rd near the City Hall Annex.
Foundation Foundation On Piling
Sewer Public Sewer
New Construction No
Schools
Elementary Schools Destin
Middle Schools Destin
High Schools Destin
Others
Pets Allowed No
HOA Fee Include Accounting, Ground Keeping, Insurance, Internet Service, Legal, Master Association, Sewer, TV Cable, Trash, Water
Tax ID 00-2S-22-2310-0002-1014
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