Destin · Condo Building
Indian Lake Condos for Sale
A community north of Emerald Coast Parkway with a Destin address and an unincorporated Okaloosa County location, pairing a 287-unit condominium on Dancing Cloud Court with four platted phases of detached houses built between 1996 and 2003.
Updated
1999
Year Built
No
Gulf Front
Year built, floor and unit figures are as published by the sources cited at the foot of this page. Confirm them against the association's own documents during diligence.
Guest rating
4.9 out of 5
From 2,279 guest reviews on Airbnb and Vrbo
Across 25 rental listings with guest reviews in Indian Lake
- Airbnb 4.9
- Vrbo 4.8
About Indian Lake
Indian Lake answers a question most Destin inventory ignores: where do you own when everyday logistics, not the shoreline, are the point? The community sits north of Emerald Coast Parkway, immediately north of Morgan Sports Center, whose ball fields and walking paths the City of Destin runs, with the city's Nancy Weidenhamer Dog Park on the same Indian Bayou Trail block. One detail shapes every other. By the city's own city-limits map, by the county boundary layer, and by the Census Bureau's place record, these addresses are unincorporated Okaloosa County rather than the City of Destin, so the county's rules, not the city's ordinances, are the ones to read. The name also covers two different products. Dancing Cloud Court is a condominium the county records at 287 residential units across twelve buildings on about 17.8 acres, with actual year built of 1999 for most units and 2003 for the rest. Indian Lake Ph I through Ph IV are four platted phases the county classifies as single family, addressed on Drifting Sand Trail, Broken Arrow Court and Two Circle Road: roughly 120 detached houses on lots averaging about a fifth of an acre, built from 1996 into the early 2000s. The Gulf is under a mile south, a short drive rather than a walk. Because a condominium unit and a platted house carry different documents and different obligations, confirm which one a specific address is before anything else.
HOA & Fees
What is the HOA fee at Indian Lake?
As of November 11, 2026, the 16 Indian Lake condos for sale that report a fee on the MLS list HOA fees from $401 to $720 a month, with a median of $546 a month. Fees vary with unit size and type, so the fee for a specific residence is the one its listing and the association state.
Based on 16 active MLS listings that report an HOA fee. Fees billed quarterly, twice a year or yearly are shown as a monthly equivalent. See the listings
Two ownership forms share one name here, and the documents differ completely. Dancing Cloud Court is a condominium: the county records 287 residential units across twelve buildings, plus five commercial condominium units on the same parcel, so a buyer there is reading a declaration, a shared-envelope budget, and a reserve schedule. The four platted phases the county records as Indian Lake Ph I through Ph IV are lots it classifies as single family, with their own covenants and their own assessment. Request the documents that match the exact address you are buying, along with the current budget and reserve schedule for that piece of the community.
Rental Policy
Short-term rentals: not allowed, per our brokerage's rental review.
Indian Lake sits in unincorporated Okaloosa County, outside Destin city limits. Neither Destin's registration nor its district list reaches Indian Lake. County rules and Indian Lake's documents govern instead. The condominium on Dancing Cloud Court and the platted phases follow different documents. An answer for one is not an answer for the other. Read the declaration or covenants for your address. Then confirm what Okaloosa County requires today.
What guests say about staying here
Combined Airbnb and Vrbo ratings for the vacation rentals in Indian Lake.
4.9 out of 5
2,279 reviews across 25 reviewed listings
- Airbnb 4.9 from 2,174 reviews on 20 reviewed listings
- Vrbo 4.8 from 105 reviews on 5 reviewed listings
What Airbnb guests rate
- Cleanliness4.9
- Accuracy4.9
- Check-in4.9
- Communication4.9
- Location4.9
- Value4.9
Guests rate check-in highest.
These ratings describe the vacation rentals in Indian Lake, not any one unit for sale.
Market data by Key Data · 23 units tracked in Indian Lake · Nov 2025 to Nov 2026
- North of Emerald Coast Parkway in unincorporated Okaloosa County
- Condominium units and detached houses under one name
- Twelve condominium buildings on about 17.8 acres
- Adjacent to Morgan Sports Center and the city dog park
Live Inventory
Active Listings at Indian Lake
Short-term rental is reported as not allowed at Indian Lake, so no rental-eligibility marker is shown on these listings. Confirm the current position in the recorded declaration and the association's house rules during diligence.

$197,000
4070 Dancing Cloud Court Unit 188
Destin, FL 32541

$168,000
4080 Dancing Cloud Court Unit 222
Destin, FL 32541

$225,000
4040 Dancing Cloud Court Unit 316
Destin, FL 32541

$212,000
4040 Dancing Cloud Court Unit 325
Destin, FL 32541

$174,900
4070 Dancing Cloud Court Unit 180
Destin, FL 32541

$216,750
4080 Dancing Cloud Court Unit 226
Destin, FL 32541

$240,000
4090 Dancing Cloud Court Unit 252
Destin, FL 32541

$279,999
4100 Dancing Cloud Court Unit 266
Destin, FL 32541

$219,000
4030 Dancing Cloud Court Unit 342
Destin, FL 32541

$275,000
4010 Dancing Cloud Court Unit 407
Destin, FL 32541

$249,900
4090 Dancing Cloud Court Unit 250
Destin, FL 32541

$229,900
4075 Dancing Cloud Court Unit 197
Destin, FL 32541
Showing 12 of 16 active listings at Indian Lake. See every active listing at Indian Lake
Building Answers
Indian Lake FAQ
How much is the HOA fee at Indian Lake?
As of November 11, 2026, the 16 Indian Lake condos for sale that report a fee on the MLS list HOA fees from $401 to $720 a month, with a median of $546 a month. Fees vary with unit size and type, so the fee for a specific residence is the one its listing and the association state.
Is Indian Lake close to the beach?
It sits north of Emerald Coast Parkway, so the Gulf is under a mile south: a short drive rather than a walk. Henderson Beach State Park's entrance is about three quarters of a mile away, and the City of Destin's Morgan Sports Center, with its ball fields and walking paths, is the immediate neighbor to the south.
Can Indian Lake homes be rented nightly?
The public record does not settle that. These addresses are in unincorporated Okaloosa County rather than inside the City of Destin, so the city's short-term-rental registration and its zoning-district list do not apply here, and no association document we could reach states a policy either way. Treat rental use as unestablished until you have read the declaration or covenants for the specific address and confirmed Okaloosa County's current requirements.
What kinds of homes does Indian Lake contain?
Two different kinds. Dancing Cloud Court is a condominium the county records at 287 residential units across twelve buildings. Indian Lake Ph I through Ph IV are four platted phases the county classifies as single family, addressed on Drifting Sand Trail, Broken Arrow Court and Two Circle Road: roughly 120 detached houses on lots averaging about a fifth of an acre. Construction runs from 1996 through 2003 depending on which piece you are looking at.
Sources
- Okaloosa County parcel record, INDIAN LAKE CONDO (accessed August 22, 2026)
- Okaloosa County GIS: Parcels layer, the four platted Indian Lake phases (accessed August 22, 2026)
- City of Destin: Am I in the City Limits (accessed August 20, 2026)
- US Census Bureau: Geocoder, Incorporated Places (accessed August 20, 2026)
- City of Destin: Morgan Sports Center (accessed August 20, 2026)
- City of Destin: Nancy Weidenhamer Dog Park (accessed August 20, 2026)
- City of Destin: Short Term Rentals (accessed August 20, 2026)
- Okaloosa County: Short-Term Rental Information (accessed August 20, 2026)
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