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Home Sale Pending
3587 Waverly Circle
Destin, Florida 32541
Okaloosa CountyCommunity: DESTIN POINTE
$1,390,000
5 br, 4.0 bath
2695 sq. ft.
0.110 acres
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.
Interior:
- Bedrooms: 5
- Baths: 4.0
- Sq Ft: 2695
- Year Built: 2000
- Utilities:
- Fireplaces:
- Stories: 2
- Heat/AC: Central
- Garage: Garage, Guest
Exterior:
- Lot Size: 0.110 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding: Frame, Stucco, Trim Wood
- Roof:
- Property Taxes: $11,803
- MLS #: 993129
Contact Information:
Listing Agent: Hillary Driscoll Olds, Lokation Real Estate, 850-699-0344, 954-545-5583
Listing Site, Listing Status: Pending
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.
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.
Ad Number: 7227413
Viewed 24 times.
Updated: Feb 18, 2026

