This Blog contains up to date news, statistics, data, and other information relevant to the Destin, Florida Real Estate Market and current trends. 

Watersound Village CommonsNew homes are coming to the upscale development of Watersound Origins. This sought after South Walton community in Watersound FL will be adding 107 new lots that are expected to be available next summer. Situated next to the activity center and close to parks and the Village Commons.

Part of this new development means re-routing the Watersound Trail so that it passes through the new phase. Unfortunately, the trail will be closed until 2017 when construction is complete. The five-mile trail begins at Watersound Origins Village Commons, and connects to Gayle's Trails in Panama City Beach.

Currently homes can be purchased in Watersound Origins starting in the mid $400,000s.

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Destin waterfront properties

From beach to bay, Destin serves up waterfront living in many different forms. These four featured properties all offer beachside or bayside living, but in a slightly different way. From a sought after Gulf front home in Destin Pointe, a fully furnished luxury Okaloosa Island beachfront condominium, a resort-style, Miramar Beach low rise beachfront condo, to a Miramar Beach bayside house with private dock and boat slips; choose the Destin waterfront property that suits your style.

3583 Rosalie Dr., Destin - $1,450,000

This gorgeous beachside home in sought after Destin Pointe features an open design with over 4,500 sq. ft., 5 bedrooms and 3 suites. There's plenty of space here with an oversized, enclosed garage and two driveways. The community…

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Congratulations to 7 new home owners in Destin and Panama City Beach. It was a pleasure working with you all.

Destin Towers condoSold: 05/10/2016 $425,000 | MLS #751262
1008 Highway 98 UNIT 21, Destin, FL 32541
Destin Towers, Gulf front, completely updated and amazing with huge potential for rental income.
DOM: 4!

Sold: 5/20/16 $240,000| MLS #747346
502 Gulf Shore Drive 501, Destin FL 32541
Beautiful Gulf views at Islander Condo with excellent rental potential. Fully furnished and rental ready.
DOM: 48

Sold: 5/20/16 $172,000 | MLS #744328
4207 Indian Bayou Trail #2913, Destin, FL 32541
This covered 9th floor unit in the Palms of Destin overlooks the swimming pool and has awesome gulf views.
DOM: 94

Sold: 05/24/2016 $259,000 | MLS #739617
16819 Front Beach Road UNIT…

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Beachfront homesThe debate over customary vs private beach access in Destin and properties along the Emerald Coast is becoming more and more heated. Walton and Okaloosa Counties have miles of beach and how much of this should be designated public or "customary use" needs to be determined. For years, Destin beachfront property has been developed into magnificent resorts, homes, and condos, but now it's time to decide how much of that land is for private use only, and how much can be open to the public.

For city officials, this is a sensitive area where enforcement is not a straightforward task. As a result, they've employed the services of a law firm to decide whether a claim of customary use in Walton County will stand up. However, this type of research takes time,…

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

Destin Home Sales

Destin real estate updateDestin home sales in May 2016 reflected an active market with almost $30,000,000 in sales volume. The average price was $596,972 and houses closed at an impressive 94% of selling price. Sales of luxury homes on 30A have been red hot with median prices approaching $2,000,000 in both Rosemary Beach and Seaside. WaterColor was extremely popular with 55 homes sold at a median price of $1,275,000. WaterSound came in at a close fourth with 37 sales averaging only 97 days on the market and closing at 98% of the asking price. 

North of 30A, Niceville sold 80 homes at 98% of the list price…

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For those dreaming of living in a golf course community, the Destin area has an awesome selection to choose from. Median prices for homes on a golf course in Destin range from $463,750 to $1,135,000 with both private and public courses available. Burnt Pine, Kelly Plantation, Regatta Bay, and Emerald Bay are gated while Indian Bayou is not. Some courses require more skill than others but I'll leave that determination up to you.

Year to Date Comparison of Destin Golf Communities as of May 31, 2016

Destin golf home sales stats

Burnt Pine

Located within the gates of Sandestin, Burnt Pine is the most exclusive golf course community in the Destin area. The average home is over 4,000 square feet with a median sales price of $1,135,000. The most expensive home in Burnt Pine…

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Brooks Bridge in Fort Walton Beach FLQuite the crowd gathered for the recent meeting to discuss options for replacing or enlarging the Brooks Bridge in downtown Fort Walton Beach. The bridge was constructed in 1964 with an expected 50-year design life. It no longer meets current design standards with deficiencies in the Disabilities Act requirements and navigational clearance for this portion of the Intracoastal Waterway.

The Proposal

The objective is to achieve this larger bridge with the least intrusion into downtown Fort Walton Beach, or the destruction of the Publix shopping center and the Emerald Coast Convention Center. The Florida Department of Transportation presented a plan for a new bridge with the following attributes:

  • Three-lane bridge (currently 2 lanes)
  • Wide bike…

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It looks like the proposed Landmark Center in Downtown Fort Walton Beach will finally be a reality. Preliminary permits have been issued to begin construction on the foundation. Currently a 2.1 acre, empty field at Miracle Strip Parkway and Perry Avenue, this project has been in the planning stages since 2006 and is arriving with mixed reviews. Some say that this is only adding to the congestion of an already busy intersection. Others are happy for the new life it will bring to downtown Fort Walton Beach.

Landmark Center - Downtown Fort Walton Beach

Landmark Center Quick Facts

The development will measure 144,000 square feet and be divided into three separate buildings that will include:

  • 112-room Hilton Hotel
  • 24 Loft-style condos
  • Conference Center
  • Retail and Dining Space
  • …

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You Could be Rewarded for Good Behavior

credit reportIf you're planning on a real estate purchase in the near or distant future, it might be worth taking a look at your bill-paying habits. You might be rewarded for your good behavior. When it comes to credit, are you a "transactor" or a "revolver?"

With upcoming changes to the mortgage credit report by Fannie Mae, these terms could mean the difference between getting accepted for a mortgage, or not.

A transactor is someone who pays their credit card bills in full each month, or pays on time and exceeds the minimum requirement.

A revolver is the person who only makes the minimum payment, allowing balances to constantly roll over to the next month. They may also have several accounts on the go.

This…

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the perfect housePart of our service as realtors is to play matchmaker for our clients. Once we have a good idea of the type of home or condo a buyer is looking for, then we use our knowledge of the area and the local market to find the perfect match.

In the example below, a client has sent us a request with very specific parameters for a Destin harbor condo, and we've responded with some equally specific listing ideas.

Tim,

My husband and I are interested in a condo as a second home (and then primary after we retire) and preferably in the Destin Harbor area. We have vacationed to the Emerald Coast many times and so, fairly familiar with the area. Ideally, the property would fit within the following parameters:

  1. $600K - $750K
  2. Bedrooms: 3-4
  3. …

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