3587 Waverly Cir

2,695 Sq. Ft.
$516 / Sq. Ft.
2,695
Sq. Ft.
$516
per Sq. Ft.

Description

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...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.
  1. Listed by Hillary Driscoll Olds • Lokation
    P: (850)-699-0344 C: (850)-699-0344 Hillary@LiveDestinFL.com

Property Details for 3587 Waverly Circle

Zoning
Resid Single Family
Architectural Style
Beach House
Subdivision Name
DESTIN POINTE
LISTING UPDATED: 02/07/2026 12:22 PM

Property Details for 3587 Waverly Circle

StatusActive
MLS #993129
Days on Market2
Taxes$11,803 / year
HOA Fees$1,230 / quarter
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Detached Single Family
Year Built2000
Lot Size0.11 AC / 4,791 SF
CountyOkaloosa County

Location

Listing Courtesy of Lokation
Add your commute

Building Information for 3587 Waverly Circle

Stories2Year Built2000Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$8,168 per month

30 year fixed, 6.15% Interest

Principal and Interest

$6,775

Property Taxes

$984

HOA Dues

$410

The Payment Calculator is for illustrative purposes only.

Property Information for 3587 Waverly Circle

Summary
Location and General Information
  • Community Features: Short Term Rental - Allowed, Beach, Deed Access, Fishing, Gated Community, Pavillion/Gazebo, Picnic Area, Pool, Tennis
  • 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.
  • Road Frontage Type: Private Road
  • MLS Area Minor: 1401 - Destin Beach West
  • MLS Area Major: 14 - Destin
  • Latitude: 30.387113
  • Longitude: -86.501886
  • Location Tax and Legal:Sub Area: 1401 - Destin Beach West
  • Location Tax and Legal:Elementary School: Destin
  • Location Tax and Legal:Middle School: Destin
  • Location Tax and Legal:High School: Destin
  • Location Tax and Legal:Legal Description: DESTIN POINTE LOT 17
  • Project Facilities: Beach, Deed Access, Fishing, Gated Community, PavillionGazebo2, Picnic Area, Pool2, Short Term Rental - Allowed, Tennis
  • Garage 2: true
Taxes and HOA
  • Association Fee Frequency: Quarterly
  • Association Fee Includes: Accounting, Management, Master Association, Recreational Faclty, Cable TV, Trash
  • Association Fee2: $1,230
  • Tax Legal Description: DESTIN POINTE LOT 17
  • Parcel Number: 00-2S-24-0110-0000-0170
  • Association Fee: $0
  • Association YN: Yes
  • Tax Annual Amount: $11,803
  • Listing Info Tax Legal:Last Taxes: $11,803
  • Listing Info Tax Legal:Last Tax Year: 2023.0
School Information
  • Elementary School: Destin
  • Middle Or Junior School: Destin
  • High School: Destin
Parking
  • Carport YN: No
  • Attached Garage YN: No
  • Parking Features: Garage, Guest
  • Garage Spaces: 1.0
  • General Property Info:Driveway Spaces: 2.0
  • Parking Features: Garage3, Guest
Property
Lot Information
  • Building Area Source: County PA Records
  • Lot Size Dimensions: 50x100
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Units: Acres
  • Property Condition: Renovated, Construction Complete
  • Lot Features: Flood Insurance Req, Within 1/2 Mile to Water
  • Building Area Total: 2695.0
  • Lot Size Square Feet: 4791.6
  • General Property Info:SqFt Source: County PA Records
  • LotParcel Access: Paved Road, Private Road
  • Lot Features: Flood Insurance Req, Within 12 Mile to Water
Property and Assessments
  • Road Surface Type: Paved
  • Tax Year: 2023.0
  • Floor Plans Count: 0.0
  • Property Type: Residential
  • Year Built: 2000.0
  • Property Sub Type: Detached Single Family
  • New Construction YN: No
  • General Property Info:Sub-Type: Detached Single Family
  • General Property Info:Design: Beach House
  • Construction Status: Construction Complete
  • Construction Siding: Foundation On Piling, Frame, Roof Metal, Stucco, Trim Wood
  • Occupancy Status: Vacation Rental
Utilities
  • Sewer: Public Sewer
  • Utilities: Electric, Public Water, TV Cable
  • Electric: True
  • Utilities: Electric, Public Sewer, Public Water, TV Cable
  • Energy: AC - 2 or More, AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, Water Heater - Elect
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, BBQ Pit/Grill, Fenced Back Yard, Sprinkler System
  • Construction Materials: Frame, Stucco, Trim Wood
  • Foundation Details: Foundation On Piling
  • Stories: 2.0
  • Pool Features: Pool - In-Ground, Pool Type
  • Patio And Porch Features: Porch
  • General Property Info:Pool: Yes
  • General Property Info:Pool Type: Private
  • Exterior: Balcony, BBQ PitGrill, Fenced Back Yard, Pool - In-Ground, Porch, Sprinkler System
Interior Features
  • Heating: Central
  • Cooling: Ceiling Fans, Central Air
  • Interior Features: Breakfast Bar, Ceiling Raised, Owner's Closet, Washer/Dryer Hookup
  • Flooring: Floor Tile, Floor Vinyl
  • Window Features: Window Treatment All
  • Room Type: Dining Room, Kitchen, Master Bedroom, Bedroom, Living Room
  • Rooms Total: 7.0
  • Bathrooms Total Integer: 4.0
  • Bathrooms Total Decimal: 4.0
  • Bathrooms Total Notational: 4.0
  • Cooling YN: Yes
  • Heating YN: Yes
  • Bedrooms Total: 5.0
  • Bathrooms Full: 4.0
  • Bathrooms Half: 0.0
  • Interior: Breakfast Bar, Ceiling Raised, Floor Tile, Floor Vinyl, Furnished - All, Owner's Closet, Renovated2, WasherDryer Hookup, Window Treatment All
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator WIceMk, Smoke Detector, StoveOven Electric, Washer
Room Information
Room 1
  • Room Type: Dining Room
  • Room Level: Second
  • Room Length: 25.0
  • Room Width: 16.0
  • Room Dimensions: 25 x 16
Room 2
  • Room Type: Kitchen
  • Room Level: Second
  • Room Length: 11.0
  • Room Width: 8.0
  • Room Dimensions: 11 x 8
Room 3
  • Room Type: Master Bedroom
  • Room Level: Second
  • Room Length: 17.0
  • Room Width: 14.0
  • Room Dimensions: 17 x 14
Room 4
  • Room Type: Bedroom
  • Room Level: Second
  • Room Length: 15.0
  • Room Width: 10.0
  • Room Dimensions: 15 x 10
Room 5
  • Room Type: Bedroom
  • Room Level: Second
  • Room Length: 14.0
  • Room Width: 10.0
  • Room Dimensions: 14 x 10
Room 6
  • Room Type: Living Room
  • Room Level: First
  • Room Length: 17.0
  • Room Width: 12.0
  • Room Dimensions: 17 x 12
Room 7
  • Room Type: Bedroom
  • Room Level: First
  • Room Length: 11.0
  • Room Dimensions: 11 x 10
Multi Family
Multi Family Information
  • Furnished: Furnished - All
Rental
Rent Information
  • General Property Info:Immediate Occupancy: false
  • Listing Info Tax Legal:Is Subject Leased: false
  • Existing Leases: DailyWeekly

Property History for 3587 Waverly Circle

DateEvent & SourcePriceAppreciation
Feb 5, 2026

Listed (Active)

ECAR #993129

$1,390,000—
Aug 28, 2025

Withdrawn

ECAR #972716

$1,400,000—
Apr 9, 2025

Listed (Active)

ECAR #972716

$1,400,000—
Apr 1, 2025

Expired

ECAR #958285

$1,439,500—
Jan 23, 2025

Listed (Active)

ECAR #958285

$1,475,000—
Sep 1, 2024

Expired

ECAR #938533

$1,450,000—
Jun 24, 2024

Listed (Active)

ECAR #938533

$2,175,000—
Jul 2, 2023

Withdrawn

ECAR #925878

$1,899,999—
Jun 20, 2023

Listed (Active)

ECAR #925878

$1,899,999—
Dec 8, 2021

Sold (Public Record)

Public Record #1479452660

$1,105,000

+70.6% / yr

Dec 7, 2021

Sold

ECAR #874841

$1,105,000—
Oct 21, 2021

Pending

ECAR #874841

—
Sep 30, 2021

Price Change

ECAR #874841

$1,174,000—
Aug 2, 2021

Price Change

ECAR #874841

$1,199,000—
Jun 19, 2021

Listed (Active)

ECAR #874841

$1,250,000—
Jan 5, 2021

Sold (Public Record)

Public Record #1435452941

$675,000—
Jan 5, 2021

Sold (Public Record)

Public Record #687646855

$675,000

+2.7% / yr

May 5, 2016

Sold (Public Record)

Public Record #572174765

$595,000

+7.9% / yr

May 5, 2016

Sold

ECAR #748079

$595,000—
Apr 3, 2016

Pending

ECAR #748079

—
Mar 8, 2016

Listed (Active)

ECAR #748079

$645,000—
Mar 16, 2012

Sold (Public Record)

Public Record #327222569

$435,000

-2.5% / yr

Mar 16, 2012

Sold

ECAR #530887

$435,000—
Jan 31, 2012

Pending

ECAR #530887

—
Nov 18, 2011

Listed (Active)

ECAR #530887

$585,000—
Sep 2, 2003

Sold (Public Record)

Public Record #121868171

$539,000—
Aug 25, 2003

Sold

ECAR #323338

$539,000—
Aug 10, 2003

Pending

ECAR #323338

—
Mar 11, 2002

Listed (Active)

ECAR #323338

$525,000—
Sep 28, 1999

Sold

ECAR #138404

$84,900—
Jul 14, 1999

Pending

ECAR #138404

—
Jul 12, 1999

Listed (Active)

ECAR #138404

$84,900—
DateEvent & SourcePrice
02/05/2026

Listed (Active)

ECAR #993129

$1,390,000
08/28/2025

Withdrawn

ECAR #972716

$1,400,000
04/09/2025

Listed (Active)

ECAR #972716

$1,400,000
04/01/2025

Expired

ECAR #958285

$1,439,500
01/23/2025

Listed (Active)

ECAR #958285

$1,475,000
09/01/2024

Expired

ECAR #938533

$1,450,000
06/24/2024

Listed (Active)

ECAR #938533

$2,175,000
07/02/2023

Withdrawn

ECAR #925878

$1,899,999
06/20/2023

Listed (Active)

ECAR #925878

$1,899,999
12/08/2021

Sold (Public Record)

Public Record #1479452660

$1,105,000

+70.6% / yr

12/07/2021

Sold

ECAR #874841

$1,105,000
10/21/2021

Pending

ECAR #874841

—
09/30/2021

Price Change

ECAR #874841

$1,174,000
08/02/2021

Price Change

ECAR #874841

$1,199,000
06/19/2021

Listed (Active)

ECAR #874841

$1,250,000
01/05/2021

Sold (Public Record)

Public Record #1435452941

$675,000
01/05/2021

Sold (Public Record)

Public Record #687646855

$675,000

+2.7% / yr

05/05/2016

Sold (Public Record)

Public Record #572174765

$595,000

+7.9% / yr

05/05/2016

Sold

ECAR #748079

$595,000
04/03/2016

Pending

ECAR #748079

—
03/08/2016

Listed (Active)

ECAR #748079

$645,000
03/16/2012

Sold (Public Record)

Public Record #327222569

$435,000

-2.5% / yr

03/16/2012

Sold

ECAR #530887

$435,000
01/31/2012

Pending

ECAR #530887

—
11/18/2011

Listed (Active)

ECAR #530887

$585,000
09/02/2003

Sold (Public Record)

Public Record #121868171

$539,000
08/25/2003

Sold

ECAR #323338

$539,000
08/10/2003

Pending

ECAR #323338

—
03/11/2002

Listed (Active)

ECAR #323338

$525,000
09/28/1999

Sold

ECAR #138404

$84,900
07/14/1999

Pending

ECAR #138404

—
07/12/1999

Listed (Active)

ECAR #138404

$84,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3587 Waverly Circle

Taxable ValueLand$495,945Additions$699,969Total$1,195,914
Tax Record2025$13,718 ($1,143 / month)
Home Facts
Beds5Total Finished SqFt2,695 SqFtAbove Grade Finished SqFt2,695 SqFtStories2Lot Size4,998 SqFtStyleSingle Family ResidenceYear Built2000CountyOKALOOSAAPN00-2S-24-0110-0000-0170

Schools near 3587 Waverly Circle

This home is within Okaloosa County School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Destin Elementary School
PublicPK to 4

Destin Middle School
Public5 to 8

Fort Walton Beach High School
Public9 to 12

Destin High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

3587 Waverly Circle is a single family home for sale in Destin, FL 32541. This property was listed for sale on February 5, 2026 by Lokation, it's currently listed at $1,390,000. It has been on the market for a total of 2 days and was last sold on December 8, 2021. This listing's school district is Okaloosa County School District. Nearby schools include Destin Elementary School, Destin Middle School and Fort Walton Beach High School. 3587 Waverly Circle is a 5-bed, 4-bath, 2,695 sqft single family home built in 2000.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lokation

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.