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3590 Waverly Circle
About This Property
Located on Holiday Isle within Destin Pointe, a gated and private beachfront community, this exceptional four-bedroom home offers both lifestyle and performance in one of Destin's most desirable resort settings. The home features multiple lake-view decks, convenient access to the sugar-white sands of the East Pass, and a private pool ideal for relaxing after a day on the water. An oversized driveway provides ample parking -- a rare and valuable feature in this community. Inside, the thoughtfully designed layout showcases stainless steel appliances, quartz countertops, a new gas range, crisp wainscoting, and a striking grid-pattern ceiling that adds custom coastal character.
Extensive recent upgrades enhance the home's turnkey appeal and provide peace of mind, including a new HVAC cooling unit, 47-gallon water heater, pool heater, pool pump with LED lighting, and a resurfaced pool with updated tile. The pool deck has been renovated with new stone pavers, and exterior woodwork has been repaired and freshly painted, complemented by new fencing and a pergola installation.
Additional improvements include a full interior repaint, updated lighting, comfort-height toilets, new washer and dryer, new microwave and dishwasher, all new smart TVs, custom bunk beds, new mattresses throughout, updated furnishings, and a new Weber grill. An outdoor shower further elevates the private pool experience.
Residents and guests of Destin Pointe also enjoy access to exceptional community amenities, including tennis courts, three community pools (one heated), and two hot tubs, enhancing both owner enjoyment and rental appeal.
A rare opportunity to own a high-performing investment property that seamlessly blends strong income potential with the sought-after Destin Pointe coastal lifestyle.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2026 | Sold | ||
| Sold | |||
| Sep 25, 2026 | In contract | - | |
| In contract | |||
| Sep 24, 2026 | Relisted | $1,499,000 | |
| Relisted | |||
| Sep 15, 2026 | In contract | - | |
| In contract | |||
| Aug 27, 2026 | Price Decreased |
$1,499,000
↓ $100K
(6.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017