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3587 Waverly Circle, Destin, FL 32541

$1,390,000
  • 3587 Waverly Circle, Destin, FL 32541 Main Photo

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Pending
BEDS5 BATHS4 full SQUARE FEET2,695 MLS#993129
STATUSPending PROPERTY TYPEResidential - Single Family SUBDIVISIONDESTIN POINTE

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.

3587 Waverly Circle | MLS# 993129

This single family home located at 3587 Waverly Circle, Destin, FL 32541 is currently listed for sale with an asking price of $1,390,000. This property was built in 2000 and has 5 bedrooms and 4 full baths with 2695 sq. ft. Waverly Circle is located in the DESTIN POINTE subdivision. Search DESTIN POINTE real estate on www.premierfl.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Ceiling Fans, Central Air
Fenced: Yes
Garage: 1
Heating: Central
Home Style: Beach House
Lot Size: 0.11 Acres
Stories: 2.0
Taxes: $11,803
Year Built: 2000

Feature Descriptions

Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
Association Fee Includes: Accounting, Management, Master Association, Recreational Faclty, Cable TV, Trash
Community Features: Short Term Rental - Allowed, Beach, Deed Access, Fishing, Gated Community, Pavillion/Gazebo, Picnic Area, Pool, Tennis
Days on Site: 28
Exterior: Balcony, BBQ Pit/Grill, Fenced Back Yard, Sprinkler System
Exterior: Frame, Stucco, Trim Wood
Financing Terms: Conventional, Other
Flooring: Floor Tile, Floor Vinyl
Foundation: Foundation On Piling
HOA: Yes
HOA Fee: 1230.4/Quarterly
Interior: Breakfast Bar, Ceiling Raised, Owners Closet, Washer/Dryer Hookup
Lot: Flood Insurance Req, Within 1/2 Mile to Water
Lot Dimensions: 50x100
Parcel Number: 00-2S-24-0110-0000-0170
Parking: Garage, Guest
Patio/Porch: Porch
Pool Features: Pool - In-Ground, Pool Type
Property Condition: Renovated, Construction Complete
Road Frontage: Private Road
Road Surface: Paved
Rooms Total: 7
Sewer: Public Sewer
Sub Type: Detached Single Family
Utilities: Electric, Public Water, TV Cable
Window: Window Treatment All

Room Sizes

Dining Room: 25 X 16 Level - Second
Kitchen: 11 X 8 Level - Second
Primary Bedroom: 17 X 14 Level - Second
Bedroom: 15 X 10 Level - Second
Bedroom: 14 X 10 Level - Second
Living Room: 17 X 12 Level - First
Bedroom: 11 X 10 Level - First

Local Schools

High School: Destin
Middle School: Destin
Elementary School: Destin

Listed By / Shown By

Listed By

Agency Name: Lokation

Shown By

Agency Title: Premier Property Group
Agency Phone: 850-337-1555

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Estimated Payment

$ 4,482.54 per month $3,093.54 Principal & Interest $983.58 Property Tax $405.42 Homeowner's Insurance

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