3587 Waverly Circle, Destin, FL
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 $202,000 in 2023, $175,000 in 2024, and $183,000 in 2025, with $97,000 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.
Property Details
| Property Type | Residential |
|---|---|
| Mls # | 993129 |
| LotSize | 0.11 acres |
| Property Subtype | Other |
| Year Built | 2000 |
| Cooling Systems | central air |
| Exterior Types | frame, stucco, trim wood |
| Heating Fuels | central |
|---|---|
| Parking Types | garage,guest |
| Num Of Floors | 2 |
| Has Porch | 1 |
| Appliances | Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect |
| Floor Coverings | Vinyl, Tile |
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Incredibly informative and helpful. Hillary is a Destin expert for sure!
01/22/2026 - Marla Bertetto
I needed some quick information and she did not disappoint. Even pulled over while driving for me to deliver!
11/26/2025 - Eric Brelia
Hillary is a great agent. Even in a slow market, she persevered and got my home sold. I highly recommend her.
10/25/2025 - Chris Woody
I had a great experience working with Hillary. She was incredibly helpful throughout the entire process and always made herself available when I had questions. One thing that really stood out was how...
10/10/2025 - Joe Panno
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Hillary was an amazing realtor. My husband and I were moving to Florida from out of state and even ended up purchasing our house, sight unseen. Hillary helped us every step of the way. Between video...
08/12/2025 - Heather McGreevy
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View more reviewsWe’ve worked with several realtors in the greater Destin area… Hillory was able to understand our goals and found the perfect property for us…. Wonderful to work with, fun, knowledgeable and...
08/10/2025 - Thomas Norlander
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