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Destin Real Estate News and Blog

Keys to Success in the Destin 2021 Real Estate Market

Sold multiple offers sign

2021 has absolutely started with a bang in the Destin real estate market. We're seeing extremes like never before. Where buyers may have demonstrated some hesitancy in 2020, this year they're all in and showing up in droves. Homes and condos in the Destin area are remaining on the market just an average of 69 days before selling - 62% less time than in 2020!

The Average Sale Price has increased by 43%, depending on the property type. Overall Sales is up 100%. Although the Number of listings have increased by 40%, the Total Active properties are down -21%. While buyers are coming forward, sellers are still sitting on the fence. As a result, inventory is at an all time low, with supply not meeting the demand.

At the time of this writing there were

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Beachfront Investment Condo at Coral Reef Club, Destin FL

3 Bedroom Gulf Front Condo - Fully Furnished & Rented

2708 Highway 98 UNIT 41, Destin, FL 32541

SOLD! $750,000 - MLS #866282

View from beachfront condo in Coral Reef Club

This is just a taste of the stunning Gulf of Mexico views you'll experience from this Destin beachfront condo in Coral Reef Club. Just 3 stories high, and set Gulf front on 300 feet of sugar, white sand beach, Coral Reef Club is everything you would want for a relaxing beach holiday in the sun. 

This 3-bedroom condo offers a turnkey investment rental - completely furnished with existing reservations on the books. The 2-story residence easily sleeps 10 people. In addition to direct beach access, Coral Reef has a built-in swimming pool, terrace and BBQ area. Henderson Beach State Park, local restaurants, the Scenic 98

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Sandestin Marina Expansion In Time for the 2021 Emerald Coast Blue Marlin Classic

Destin fishing

Upgrades to the Baytowne Marina at the Sandestin Golf & Beach Resort are looking good for the 2021 Emerald Coast Blue Marlin Classic.

The Sandestin Golf and Beach Resort is a sought after destination for offshore fishing. The location couldn't be more appropriate. Overlooking Choctawhatchee Bay, boaters have a short ride to the open waters of the Gulf of Mexico. Home to the "big money", Emerald Coast Blue Marlin Classic, this popular event attracts sport fishermen from all over the world.

Within the resort, the Baytowne Marina currently has over 123 active slips that can accommodate vessels up to 140 feet. You can gas up your boat, acquire short or long term dockage, or use the personal marina concierge to book a tee time, or make a reservation

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2020 Top Selling Beachfront Condos in Destin & the Florida Emerald Coast

 

Top selling beachfront condos in Destin and the 30A for 2020

2020 brought us record numbers for beachfront condos sold in Destin, the 30A and surrounding Florida Emerald coast.  These properties are situated so close to the Gulf of Mexico that the only thing separating you from the soft, white sand, is a beach walkover. This is prime Florida real estate, destined to hold its value for years to come. Many of these waterfront condos have proven vacation rental income, providing turn key investment opportunities. Others, see this as the ideal warm, sunny, office space for those now working from home. If you've never experienced a Gulf front condo lifestyle, maybe it's time to give it a try.

Destin Beachfront Condos - Quick Stats for 2020

How many beachfront Condos were sold in 2020 in the Destin area?

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2021 Emerges With a Strong Seller's Market on Florida's Emerald Coast

Sellers market sign2021 real estate in Destin and the surrounding Emerald Coast has one of the most active seller's markets we've seen in years. We're seeing a lot of interested buyers purchasing from out of state. As "work from anywhere" has become the norm, many are seeking a sunny, beachfront in-home office to work from. Others are just taking advantage of the great interest rates.

For the period of January, 2021 we saw the following Percent of List rates and Average Sale Prices:

Townhome or Attached Residences:
Percent of List: 99%
Average Sale Price: $418,352 - a 38% increase from 2020

Condos:
Percent of List: 97%
Average Sale Price: $494,404 - a 28% increase from 2020

Single-Family Homes:
Percent of List: 98%
Average Sale Price: $640,529 - a 31% increase from

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2020 Market Trends Reviewed for Destin & 30A

Good News for Destin & 30A Real Estate Sales in 2020

2020 market trends in Destin, 30A & the Emerald Coast, Florida

The 2020 real estate market in Destin and the 30A performed far better than most would have thought. 2020 was a tough year, but folks prevailed as life went on along the Emerald Coast in Florida. The successful buyer in 2020 had done their homework, were patient, diligent, and made strong and confident offers when they found what they wanted. That will be the standard in 2021 as well.

There were two big contributors to a successful real estate market in Destin and the 30A in 2020:

1. Demand for Coastal Properties

We saw demand for coastal area properties surge post covid as companies transitioned to a more "work from anywhere" approach with employees seeking more tax favorable

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Top Selling Condos in Destin & the 30A for 2020

Hottest Selling Condos in Destin and the 30A Area for 2020

2020 Top selling condos in Destin and the 30A, FL

Quick Condo Facts From January 1 to December 31, 2020

# of Condos Sold: 2,515

Average sale price was $475,199

Average Sqft: 1,268

Average Days on Market: 106

Highest Sold Price: The highest price for a condo sold in the Destin area was $4,750,000. Selling in just 18 days, this 4-Bedroom, 5-Bath turn-key villa at Thirty-One on 30A, Santa Rosa Beach, Florida and boasts unobstructed Gulf of Mexico and beach views.

 

Top Selling Condos by Price

This list is derived from the top selling condos in 2020. Sorted by price range, you'll find listings for most budgets: from $300,000 to over $1 million. At a glance, this gives you an idea of the most popular Destin and 30A

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Hottest Selling Destin & 30A Communities in 2020

Most Popular Destin & 30A Communities in 2020

Top selling homes in 2020 in Destin and the 30A, Florida

The info below spotlights the 2020 real estate market for single-family homes in Destin, the 30A and surrounding Emerald Coast. See hottest selling subdivisions and average sale prices.

Quick Facts From January 1 to December 31, 2020

7,546 single family homes sold

Average sale price was $679,804

Average Sqft: 2,303

Average Days on Market: 65

The highest selling priced home in 2020 was $16,100,000 for a beachfront home known as "Casa Lauren" in Miramar Beach. This 6 bedroom, 9 bath home measures 13,000 square feet and sits on 2.42 acres. 135' of pristine white, sandy beach is all that stands between you and the Gulf of Mexico.

Top Selling Subdivisions by Price

These are the

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Investment Condo in Holiday Isle UNDER $200,000! - Under Contract in 5 Days!

Holiday Isle condo for sale

$189,000 - Condo in Island Home, Holiday Isle - Under Contract in 5 Days!

485 Gulf Shore Drive UNIT 106, Destin, FL 32541

This condo in Island Home is the one you've been looking for. Affordably priced, and located in Holiday Isle with deeded beach access, this listing won't last long. In fact, condos in Island Home don't come up for sale very often, and when they do, usually get grabbed up right away. This condo has been recently updated with fresh paint, backsplash, new fixtures, gorgeous tile floors in the living/kitchen area, and LTV floors in the bedroom.

Although this would make a lucrative rental investment, you may be tempted to keep it for yourself!

Condo Perks

  • Deeded beach access
  • Close to the harbor and access via
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Exciting New Townhomes in Destin, Florida

New townhomes in Destin, Florida

New Townhomes in Destin, Florida

We're seeing some exciting new Destin townhomes being constructed in the last year or so, in all different price ranges and appealing to many lifestyles. Henderson Beach Villas is an amenity-laden, beachfront townhome on the Gulf of Mexico. Tuscan Village, Destin Oaks and Mikstakel Townhomes offer convenient, central Destin locations. The Brownstones at Kelly Plantation feature the ultimate golf course townhome, spacious and nestled in a scenic locale overlooking Choctawhatchee Bay. No matter what type of Destin Townhome you're looking for, there is something here for everyone's tastes.

Henderson Beach Villas
2732 Scenic Hwy 98, Destin, FL 32541

One of the most exciting Gulf front townhomes we've seen in awhile

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