The timing couldn't be better to purchase a Florida investment property in Destin or the surrounding Emerald Coast.
Now that vacation rentals in the Destin area are once again open for business, we're starting to see a huge demand for these properties. In fact, the number of new condo listings from the beginning of May to June 15, 2020 is already 7% higher than the same time in 2019. People are starting to list again and the buyers are coming out of the woodwork.
Average sale prices are up by 10% for condos and 16% for single-family homes. Interest rates are at all time lows. It's a win/win for both buyers and sellers of Destin homes and condos.
- Buying an Investment Rental Home - Buying an Investment Rental Condo
The demand for Destin home sales this March and April/2020 has proven that real estate is indeed an essential service in Florida. Congratulations to these recent home buyers and sellers who helped to sustain the real estate market during the COVID-19 Pandemic. Don't hesitate to contact Tim, or any of the team at Destin Real Estate to set up a private viewing of any Destin or nearby homes that interest you.
Under Contract! Crystal Beach Home on the Gulf
Nantucket Cottages in Crystal Beach is a popular Destin community, especially for investment rentals. Loaded with new upgrades, this home is ready to start making money.
Under Contract in 11 Days - New Build in Destin, Florida
This 3-bedroom home in Destin is still under construction and
It will be tough not to keep this gorgeous Crystal Beach home all to yourself; but, the rental potential may be too tough to resist. Situated in desirable Crystal Beach, this beach home is just a short walk to the white sand beach and turquoise Gulf waters. A few minutes to the east is Henderson Beach State Park - perfect for beach picnics with the family.
This brand new home has everything you could every desire for a beach vacation. With seven bedrooms (including five suites), a large open kitchen and gathering area, there's plenty of room for multiple family gatherings. The gorgeous private pool and oversized patio is the icing on
We don't see listings very often in the desirable Nantucket Cottages, Destin, Florida. This is one of the few Destin communities to purchase affordable investment properties for detached family homes. Located in Crystal Beach, right across the street from the Gulf of Mexico, this is a dream property for both vacationers and home owners alike.
The floor plan accommodates both large and smaller rental groups as each floor is completely self-sufficient. The lock-out style design consists of two levels with each containing a full kitchen, bedroom, and bunk area that is well appointed and decorated in the current coastal style and
New Homes Being Built in Destin & Santa Rosa Beach, FL
Destin Real Estate has entered into several development partnerships in the past few years that have continued to grow. In the last quarter, we finished and sold two properties, Waterview Towers Condo 631, and 232 Cabana Trail. Our partner properties are red hot and have been contracting in less than 2 weeks after listing.
We currently have five projects in the hopper set to be completed in 2019. These are exciting pre-construction opportunities for anyone looking for a new home in the Destin or Santa Rosa Beach area.
Buddy Street, Santa Rosa Beach
This fabulous house is located a block from the beach in Santa Rosa Beach and features 3,900 sf, 6 Bedrooms and SWIMMING POOL! Estimated
This list represents the top selling investment rentals in the Destin and 30A area up to July 2018. If you're considering such a purchase, this will give you a good idea of where to begin. All of these properties have great proximity to the beach, local hot spots, restaurants and shopping, and vary in the selection of amenities. Many of the rental listings for sale are pretty much turnkey operations, being sold completely furnished with confirmed reservations on the books.
We can provide more detailed information about these and other good prospects for vacation rental investment properties in Destin and the Emerald Coast. View current listings for:
These are the top selling neigborhoods in Destin and the Emerald Coast from January to June 2018. Watersound, Prominence and Watercolor remain in the lead, but we're also seeing strong results from Niceville communities. Some of these include, Parkwood at Bluewater Bay, Caribbean Village, Swift Creek, and Rocky Bayou. Click to view more Destin & 30A Real Estate Stats - YTD 2018.
Popular areas of Watersound include Origins, West Beach and now the emerging Watersound Beach neighborhoods. Situated closest to the Gulf and Watersound Beach Resort, homes here have incredible Gulf of Mexico views and are just a short walk to the sand. View all listings in Watersound
These are the hottest selling neigborhoods in Destin and the Emerald Coast from January to March 2018. Similar to last quarter, Watersound, Prominence and Watercolor remained in the top three. Overall, the volume of sales is similar to the same time in 2017, with sale prices increasing an average of 3%. Click to view more Destin & 30A Real Estate Stats - 1st Quarter 2018.
Watersound continues to lead the pack with ultra-luxury homes in Watersound Beach, and a variety of price points in Watersound Origins. This community appeals to those seeking both established homes or lots with custom opportunities. View all listings in Watersound
The triplex townhomes in Prominence continue to attract buyers. The interiors
Who doesn't dream of living on the waterfront? Maybe a beach condo right on the sand, overlooking the Gulf of Mexico. Thousands of people return every year to our fair city to experience that dream. Some are renting, some are lucky owners of vacation condos and seasonal homes along the Gulf coast.
Maybe you've considered taking the leap from renting to buying, or might be looking for a change. Either way, here are our top 10 choices for Destin beachfront condos. These were chosen because they represent a good sampling of Gulf front condos that offer:
Close proximity to the beach
Have good value for the money
A good assortment of amenities
Close proximity to Destin attractions and conveniences
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