3587 Waverly Circle, Destin, FL 32541

← Back to search

$1,400,000

bedrooms

bathrooms

square feet

2,695

Acreage

0.11

Open Houses

year built

2000

Full Baths

Half Baths

Find out more

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.

Find out more

Tell us who you are, and we will have someone reach out to you.

Name*

Email*

Phone*

Message

I have a house to sell

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Hillary Driscoll Olds, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

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: Tuesday, April 22 2025 at 3:42 p.m. EDT

Kotohomes National