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

There are many fine Destin Harbor Front Condos for sale, but this may be the most grand of all. The iGroup has been busy with home and condo sales lately and this 4 bedroom, 3000 square foot condo at Grand Harbor is our latest closing.

Destin Harbor Front Condos for Sale - Grand Harbor

Located on Deep Water, in the Destin Harbor, this unit included a 60 ft. boat slip.  The large balconies found on this west end unit provide panoramic views of the harbor, awesome sunsets, and distant views of the gulf.

Recent interior rennovations include: granite countertops, fireplace, travertine flooring, stainless appliances, gas cooktop,breakfest bar and wood cabinetry in the kitchen.  The ceilings are 9-10 ft tall and crown molding is found throughout.  The master suite has direct balcony access and spa…

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Search --> Harbor Lights Condos for Sale in Destin

Congratulations to the new buyers of unit 611 at Harbor Lights in Destin, FL.  This fabulous corner unit has stunning views of the harbor, pass, and gulf.  The condo has over 2100 sf of nicely finished space and came with a 80 ft boat slip.  That's right...80 ft! 

Harbor Lights Destin is a great property for buyers interested in living a boaters lifestyle.  These buyers evaluated condos at Grand Harbor, Marbella, and Harbor Landing before settling on this one.

The great news is that there are 27 of these condos availble right now (8/2012) from the primary investor at Harbor Lights.  These units feature:

  • Granite Countertops
  • Garages
  • Boat Slips on the Destin Harbor
  • Upgraded…

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Awesome new listing! Take a look at this Destin foreclosure located in the luxury golf course community of Kelly Plantation. This bankowned property has 3034 square feet, 4 bedrooms, and 3 bathrooms. 

Destin Foreclosure

This foreclosure in Destin also backs up to the golf course and has a swimming pool.  The home was built in 2005, has a gourmet kitchen,hardwood floors, fireplace, and other custom features.

Priced at $640,900, this magnificent home will not last long.  This home in Kelly Plantation is located at 4510 Marshbrook Way, Destin, FL  32541. Call today to schedule a showing!

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Take a look at this fabulous Destiny Homes for Sale.  This florida beach cottage features 5 bedrooms, a separate carriage house, and extra storage in the oversized two car garage.

destiny homes for sale

Destiny is a popular beachside community in Destin and has worldclass amenities including: deeded beach access, swimming pools, fitness center, tennis courts, and walking trails.

This home is a fantastic vacation rental and grosses over $43k annually.  Visitors love the layout of the home with its spacious rooms and decks that provide everyone with their privacy.

Priced at $699,000, this Destiny Home For Sale will not last long!

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I look at several Destin foreclosures each week but this one really caught my attention. When I pulled up to the home, my first impression was that the house was overpriced. However, I was pleasantly surprised when I took a look around.

While many Destin foreclosures require considerable repairs, the interior of this home was immaculate and the layout was fantastic for a vacation rental, 2nd home, or a weekend get away. The home has six bedrooms, 5 bathrooms, three large decks (including the observation tower), a swimming pool and is located less than 200 yards to the beach.

Unlike most foreclosures in Destin, this one is completely furnished. The only thing that needs fixed is the swimming pool. It is dirty and hasn't been used in quite sometime.…

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Destin Foreclosures, priced at market value, are leading the way in reducing the number of  available homes for sale in the area. 

Many buyers are anxiously looking at recent selling prices in an attempt to "guess" the market bottom. However, the first sign of  a strenghtening Destin real estate market is found by analyzing inventory trends*.

As demand fell for Destin homes in 2005, 2006, and 2007 (see chart below), inventory rose dramatically.  The primary reason for this was unrealistic sellers overpricing their homes. Buyers were looking but unwilling to pay the list price.

In late 2007, REO managers started listing foreclosures in Destin.  Often times, their list prices were more than 30% below competing homes.  Over time, traditional sellers…

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I get a lot of calls from people looking for a "deal".  I ask those folks to tell me what they mean but most people can't answer the question.

So if you want a deal, but can't exactly define one, I analyzed Junes sales of condos in Destin, FL on the gulf and this is what I came up with as the top 3 buys for Jun '09:

1. Grand Dunes, South Tower, Unit 550.  The specs for this unit are as follows:
2870 sf; 4br/4ba, direct gulf front, built in 2006 and sold for $975,000.  That works out to $339 per sf for a luxury gulf front condo. This was a normal sale and not a foreclosure or short sale.

2. Pelican Beach, Unit 310. The specs for this unit are as follows: 873 sf, 1br/2ba, direct gulf front, built in 1997 and sold for $237,500.  That works out to…

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The developer for Waterscape Condominiums has recently released several units for sale at steeply discounted liquidation prices.  Waterscape is an upscale, kid friendly, beach front, condominium located on over 490 ft of beach front on Okaloosa Island.

Waterscape is loaded with amenities including: lush tropical pool with zero entry, splash and wading pools for the kids, lazy river, fitness center, tiki bar, and much more.

The units are well-equipped with stainless steel appliances, crown molding, 9 ft. ceilings, tile, and carpet.  There are condos available in 1, 2, and 3 bedrooms. The sizes of each are:

1br:   864 square feet
2br:  1292 square feet
3br:  1490 square feet

Click the link below for a complete listing of condos available at…

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Demand for condos in Destin and along the Emerald Coast has picked up dramatically in the past 4 months.  This was to be expected with the precipitous decline in prices experienced in the past few years.

As a realtor, you would think I would be ecstatic. However, there's one major problem.  Fannie Mae, who provides financing for the bulk of residential properties in the country is now  refusing to finance condos.  Ok, that's not entirely true.  They will still finance condos that fit a very specific criteria.  The problem is that very few, if any, condos along the Emerald Coast of Florida, meet the criteria.  These are the same folks that Fannie Mae was literally throwing money at back in 2004 and 2005 to fund their condo purchases.  This is further…

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I received feedback from the bank today on two short sales. 

One was a beach front condominium in Destin that I had presented an offer of $210,000 to the bank about 3 months ago.  After several frustrating weeks of little to no communication from the bank, they finally called and told me that the appraisal came in at $260k and to bring another offer.

The second communication was regarding a home for sale in Destin.  The offer had been presented at $170,000 about four months ago.  Again, after several weeks with little to no communication, the bank came back and said that the property appraised for $200,000 and to bring a better offer.

What's the point? Simply this: APPRAISALS ARE THE HOLY GRAIL FOR THE BANKS. Listing a home or presenting an offer…

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