Destin Real Estate News and Blog - Destin Real Estate News

Top Selling Condos in November for Destin & Scenic 30A

Here are the top producing condos in Destin and the Scenic 30A for November. The big sellers for the month, with 3 sales or more included: Waterscape, Barrett Square in Rosemary Beach, Grand Sandestin, Destin Gulfgate, Amalfi, Sandpiper Cove, Gulf Terrace and the big winner, Seascape. For a more complete list from the beginning of the year, check out Top Condo Sales by Volume - Scenic 30A & Destin Area.

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All About Townhomes in Destin & the Scenic 30A

Have you ever considered buying a townhome? In the Destin and Scenic 30A area there were 1,773 listings sold in the last three months. Townhomes made up 10% of these sales, behind single-family homes and condos.

Destin Townhomes differ from condos in a very specific way. With a condo, you share ownership of the roof, the underlying ground, and other common areas. With a townhome, you own the ground up to and including the roof. The only thing you share in a Destin townhome with your neighbor is the wall that separates you and any common amenities such as pool or tennis courts.

Destin townhomes offer a low maintenance lifestyle without sacrificing the space one is used to in a single-family home. Sizes range from cozy patio homes under 1000 sq. ft.…

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Destin Market Summary - October 2016

Sales in Destin and along Scenic 30A remain brisk as we enter fall. While units sold declined slightly, total dollar volume of sales increased. Inventories are near an all time low and we are seeing upward pressure on prices.

The next 8 weeks represent the seasonally best buying opportunity of the year. Most are focused on the holidays allowing savvy buyers an opportunity to negotiate with more anxious sellers.

For those taking advantage of this prime time of year for buying, we've included some tools to assist with your search. Secrets to Buying a Profitable Condo Rental, is worth a read, especially for anyone considering a possible rental investment. Spotlight on Seagrove Beach highlights a less commercial area of the Emerald Coast, perfect for a…

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Congratulations New Summer Home Buyers!

Congratulations to these new home and condo owners in Destin and Fort Walton Beach. If you're new to the area, "welcome," you're going to love it. We're happy to help you find the perfect place to call "home."

Sold by Tim for 99% of the asking price in under 3 months!

$1,274,000 | MLS #752725
47 Tranquility Lane, Destin, FL 32541
New construction home in Destiny East.

Sold for 93% of the asking price by Niki.

$500,000 | MLS #724321
830 Gulf Shore Dr #5064, Destin FL
This beachfront condo in Tides of Destin was listed with another office for 505 days, when Niki discovered it and presented it to one of our clients.

Sold by Tim for 93% of the asking price in under 2.5 months!

$475,000 | MLS #754965
8541 Turnberry Court, Miramar…

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Destin Market Summary - September 2016

Here is the latest summary of the Destin real estate scene for September 2016. This gives you a snapshot of home, condo and land sales in Destin FL and the surrounding Emerald Coast.

Total residential sales for Destin and the surrounding towns were $267,488,702 with an average sale price of $432,830. Properties averaged only 123 days on the market with a closing price of 96% of the asking price. This was a robust September market, that sold more single-family homes and townhomes then the same time in 2015. Condo sales were down slightly, but prices increased 11%.

Strong September performing areas included:

• Fort Walton Beach: 141 sales
• Navarre: 122 sales
• Destin: 85 sales
• Niceville: 79 sales

Destin Home Sales

72 single-family…

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Council Updates for Walton and Okaloosa County

Okaloosa County Updates

The Destin City Council recently established the budget for 2016-17 which includes a 7.6% increase in property taxes.

The new millage rate will be 1.615. Here are some of the areas the extra money will be used:

• Stormwater and sidewalk repairs
• A marine unit with a personal watercraft for the Okaloosa County Sheriff’s Office
• Increased law enforcement coverage for spring break

Other decisions that resulted from the latest council meeting:

• A temporary tree-cutting ban
• With the 30-year contract with Gulf Power coming to an end, the council has decided to take proposals to do a feasibility analysis for purchasing the city's electrical utility. I wonder how many thousands of dollars they'll spend before…

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Emerald Coast Condo Price Comparison for August

Perhaps you're considering purchasing a condo on the Emerald Coast, maybe for an investment, but you're not sure where. With so many places to choose from, sometimes it's hard to know where to begin. This graph below shows the average condo sale price for August 2016 in these popular areas along the Emerald Coast. It also shows the comparable price from August of 2015, so you can see just how your investment would have fared.

Notice, real estate along 30A West and the Miramar Beach, Sandestin Resort areas showed the most gains. 30A East and Navarre, showed some depreciation. This is only for one month, we'd be happy to send you updates for sold listings, or a monthly report of the stats in desired areas.

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Destin Real Estate Update - July 2016

This Destin real estate update for July 2016 gives you a snapshot of home, condo and land sales in Destin FL and the surrounding Emerald Coast.

When summer rolls around, rental season kicks into full gear and sellers are less willing and less negotiable to sell.  Buyers don't seem to notice too much though, as their attention turns to outdoor activities and our beautiful beaches. That being said, residential sales in the Destin area totaled $351,547,336. The average sale price was $372,008 and real estate averaged only 111 days on the market. The average seller received 95% of their asking price.

Strong July performing areas included:

• Navarre: 159 sales
• Fort Walton Beach: 149 sales
• Crestview: 112 sales
• Miramar/Sandestin: 95 sales

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Golf Community Checklist

Moving to a Destin Golf community? Heres a tool to help you keep track.

Buying a home can be overwhelming, to say the least. You've just spent the day touring some of Destin's finest golf communities, but they're all blending together. The Burnt Pine house overlooking the golf course had a pool, or did it? Was it the Regatta Bay listing that had no short term rentals, or the Baytowne property?

Here's a handy little tool you can use to keep track of all the Destin golf homes or condos you look at. Just fill in the name of the community, address and MLS#, the price, note some of the pros and cons and give the golf course your own star rating. Take a quick photo, and later that night when you're discussing the various homes, it will all come back to…

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Real Estate Nightmare

This real estate nightmare involves two sales of the SAME HOME on the SAME DAY, combined with some sloppy paperwork by the Title Company. Subsequently, the whole thing fell apart, just like a house of cards.  I'm not trying to scare anyone, but really felt that this story needed to be told. It's something that home buyers, sellers or other agents need to be aware of.

The First Deal

After looking at several Destin homes, enduring inspections, appraisals, and lender related delays, our buyers were excited about closing on their new home last Friday. Everything went smoothly as buyers and sellers both signed their respective paperwork, the lender authorized funding, and the title company began disbursement.

We picked up our check on the following…

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