Investment Condo in Destin Florida with 38K Rental History – $225K

Investment Condo in Destin Florida with 38K Rental History – $225K

Fully furnished, this turn-key condo is a one-bedroom rental unit that grossed $38,000 in 2022. It is 40% larger than other one-bedroom condos in the Pointe of View Complex and has been updated with new fixtures, window coverings, and other enhancements, including an updated bathroom.

This quiet end-unit is located on the third floor and overlooks the forest, providing a relaxing view from the balcony. It is conveniently located within walking distance of the Grand Boulevard at Sandestin Shopping mall, Sacred Heart Hospital, Publix, and other restaurants. The pristine beaches are just a few minutes’ drive away, along with other shopping and attractions.

As you step into the condo, you will find a tiled hallway leading to the master bedroom, which has access to the updated bathroom (renovated in 2023). Next to the bedroom is a closet and a dryer/washer combo. The spacious living room is perfect for relaxation and dining. The kitchen features stainless steel appliances and updated lighting.

The sliding glass door in the living room leads to a wide balcony with another storage closet. From there, you can enjoy the beautiful sights and sounds of nature.

In 2022, the total payout from Airbnb, Vrbo, and Direct was $38,400, and the owner’s payout after cleaning, booking fees, and other expenses was $31,400.

Lenders have 20% down products for this complex (depending on buyer)