3587 Waverly Circle
Destin, FL 32541
- 5 beds
- 4 baths
- 2,695 sqft
- 4,791 sqft lot
- $519 per sqft
- 2000 build
- – on site
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!
Last checked:
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Last updated Apr 14, 2025
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MLS# 972716 —
The Building
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Year Built:2000
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Construction Materials:Foundation On Piling, Frame, Roof Metal, Stucco, Trim Wood
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Building Area Total:2695.0
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Building Area Source:County PA Records
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Architectural Style:Beach House
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Basement:None
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Stories:2
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Levels:None
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Foundation Details:None
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Exterior Features:Balcony, BBQ Pit/Grill, Fenced Back Yard, Pool - In-Ground, Porch, Sprinkler System
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Patio And Porch Features:None
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Accessibility Features:None
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Security Features:None
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Direction Faces:None
Interior
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Interior Features:Breakfast Bar, Ceiling Raised, Floor Tile, Floor Vinyl, Furnished - All, Owner's Closet, Renovated, Washer/Dryer Hookup, Window Treatment All
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Rooms Total:7
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Flooring:None
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Fireplace:No
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Fireplaces Total:None
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Fireplace Features:None
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Laundry Features:None
Room Dimensions
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Living Area:None
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Living Area Units:None
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Living Area Source:None
Financial & Terms
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Buyer Financing:Conventional, Other
Location
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Directions:From Hwy 98, turn onto Gulf Shore Dr, for 1.5 miles, continue until you reach the guard gate on the left. Turn right onto Waverly Cir and the house is on the right.
The Property
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Property Type:Residential
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Property Subtype:Detached Single Family
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Property Condition:Construction Complete
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Property Attached:None
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Lot Features:Flood Insurance Req, Within 1/2 Mile to Water
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Lot Size Acres:0.11
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Lot Size Area:0.11
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Lot Size Dimensions:50x100
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Lot Size SqFt:4791.6
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Lot Size Units:Acres
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Zoning:Resid Single Family
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Possible Use:None
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Parcel Number:00-2S-24-0110-0000-0170
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Topography:None
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Waterfront:No
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Water Body Name:None
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Road Frontage Type:Private Road
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Road Surface Type:Paved
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2023
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Tax Annual Amount:11803.3
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Tax Legal Description:DESTIN POINTE LOT 17
Beds
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Bedrooms Total:5
Baths
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Total Baths:4.0
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Total Baths:4
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Full Baths:4
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Partial Baths:None
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Three Quarter Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
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Home Warranty:No
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Ceiling Fans, Central Air
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Cooling:true
Utilities
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Utilities:Electric, Public Sewer, Public Water, TV Cable
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Electric:None
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Sewer:None
Appliances
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Appliances:Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
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Dryer:true
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Washer:true
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Disposal:true
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Microwave:true
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Dishwasher:true
Schools
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Elementary School:Destin
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Elementary School District:None
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Middle Or Junior School:Destin
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Middle Or Junior School District:None
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High School:Destin
The Community
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Subdivision Name:DESTIN POINTE
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Community Features:Beach, Deed Access, Fishing, Gated Community, Pavillion/Gazebo, Picnic Area, Pool, Tennis
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Association:true
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Association Amenities:None
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Association Fee:None
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Association Fee 2:1230.4
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Association Fee Frequency:Quarterly
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Association Fee Includes:Accounting, Management, Master Association, Recreational Faclty, Cable TV, Trash
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Pool Private:None
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Pool Features:Pool Type
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Spa Features:None
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Pets Allowed:None
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Senior Community:No
Parking
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Garage Spaces:1.0
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Attached Garage:false
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Carport:false
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Parking Features:Garage, Guest
Monthly cost estimate

Asking price
$1,400,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$7,496
|
Taxes | $983 |
Insurance | $385 |
Utilities | $197 See report |
Total | $9,061/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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4/9/25
Apr 9, 2025
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Listed / Active | ECARMLS | $1,400,000 |