Luxury condo sales in Destin and the surrounding area are off to a brisk pace with over 100 sold in the first quarter of 2017. About half the condo sales went to buyers planning on using them as vacation rentals while the balance will be used as primary or second homes. The most expensive closed for $2,000,000 while the median price was $659,500. The average days on market were 187, with 28% selling in 1 month or less.
Updates on Popular Luxury Properties
One Water Place
One Water Place was red hot with a total 6 sales in the first quarter. Located in Kelly Plantation, One Water Place overlooks the Fred Couples championship course and Choctawhatchee Bay. With more amenities than any other condo in Destin, there is not much need to leave the property.
Silver Shells Resort
Condo sales in Silver Shells Resort, Destin included five properties in St. Barth, St. Croix, St. Lucia and St. Thomas. Silver Shells is a desirable location, tucked along the west border of Henderson State Park with 1,000 feet of sandy white beach. St. Thomas and St. Barth are the two most popular rental restricted complexes while St. Maarten and St. Croix make good vacation rentals. All buildings have access to the resort pool, tennis court, basketball courts, fitness center, and cardio room.
Villa Coyoba sold two condo residences, each over $1.1 million, and I think the only reason there weren't more is due to lack of inventory. Villa Coyoba is a desirable beachfront condominium in the heart of Crystal Beach. Spacious residences offer unobstructed Gulf views with every amenity at your doorstep.
Tim Shepard, Broker/Owner
Destin Real Estate, LLC
Cell: (850) 259-4133
Toll Free: (866) 678-SOLD
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