2020 brought us record numbers for beachfront condos sold in Destin, the 30A and surrounding Florida Emerald coast. These properties are situated so close to the Gulf of Mexico that the only thing separating you from the soft, white sand, is a beach walkover. This is prime Florida real estate, destined to hold its value for years to come. Many of these waterfront condos have proven vacation rental income, providing turn key investment opportunities. Others, see this as the ideal warm, sunny, office space for those now working from home. If you've never experienced a Gulf front condo lifestyle, maybe it's time to give it a try.
Destin Beachfront Condos - Quick Stats for 2020
How many beachfront Condos were sold in 2020 in the Destin area?
2021 real estate in Destin and the surrounding Emerald Coast has one of the most active seller's markets we've seen in years. We're seeing a lot of interested buyers purchasing from out of state. As "work from anywhere" has become the norm, many are seeking a sunny, beachfront in-home office to work from. Others are just taking advantage of the great interest rates.
For the period of January, 2021 we saw the following Percent of List rates and Average Sale Prices:
Townhome or Attached Residences: Percent of List: 99% Average Sale Price: $418,352 - a 38% increase from 2020
Condos: Percent of List: 97% Average Sale Price: $494,404 - a 28% increase from 2020
Single-Family Homes: Percent of List: 98% Average Sale Price: $640,529 - a 31% increase from
Good News for Destin & 30A Real Estate Sales in 2020
The 2020 real estate market in Destin and the 30A performed far better than most would have thought. 2020 was a tough year, but folks prevailed as life went on along the Emerald Coast in Florida. The successful buyer in 2020 had done their homework, were patient, diligent, and made strong and confident offers when they found what they wanted. That will be the standard in 2021 as well.
There were two big contributors to a successful real estate market in Destin and the 30A in 2020:
1. Demand for Coastal Properties
We saw demand for coastal area properties surge post covid as companies transitioned to a more "work from anywhere" approach with employees seeking more tax favorable
The info below spotlights the 2020 real estate market for single-family homes in Destin, the 30A and surrounding Emerald Coast. See hottest selling subdivisions and average sale prices.
Quick Facts From January 1 to December 31, 2020
7,546 single family homes sold
Average sale price was $679,804
Average Sqft: 2,303
Average Days on Market: 65
The highest selling priced home in 2020 was $16,100,000 for a beachfront home known as "Casa Lauren" in Miramar Beach. This 6 bedroom, 9 bath home measures 13,000 square feet and sits on 2.42 acres. 135' of pristine white, sandy beach is all that stands between you and the Gulf of Mexico.
We're seeing some exciting new Destin townhomes being constructed in the last year or so, in all different price ranges and appealing to many lifestyles. Henderson Beach Villas is an amenity-laden, beachfront townhome on the Gulf of Mexico. Tuscan Village, Destin Oaks and Mikstakel Townhomes offer convenient, central Destin locations. The Brownstones at Kelly Plantation feature the ultimate golf course townhome, spacious and nestled in a scenic locale overlooking Choctawhatchee Bay. No matter what type of Destin Townhome you're looking for, there is something here for everyone's tastes.
5 Very Different Waterfront Condos for Sale Near Destin, Florida
Have you been considering purchasing a Gulf front or beachfront condo in the Destin area, but still not quite sure? From an investment standpoint, the closer you get to the beach, the better. A resort with plenty of amenities and close to local shopping and restaurants is also a perk. Here are five waterfront condos that meet that criteria. Each is very different in price and appearance, but with their own charm and individual appeal.
Grand Dunes - 4 Bed/4 Bath
221 Scenic Gulf Drive UNIT 820, Miramar Beach, FL 32550 $1,525,000 | MLS #851128
Luxurious, big and beautiful! Featuring over 3,000 square feet with amazing views from every room, this condo is sold fully furnished.
The Epitome of a Beachfront Lifesyle on the Florida Gulf Coast
This stunning Gulf front home in Santa Rosa Beach was among the highest selling properties in 2020 for Destin and the surrounding Scenic 30A area. This residence epitomizes everything you could expect in a luxury beachfront lifestyle.
Newly constructed in 2019, the Santa Rosa Beach home measures almost 9,000 square feet, with 10 bedrooms and 13 bathrooms. Sitting on close to half an acre, all that separates from 100 feet of pristine beach frontage is the luxurious infinity pool extending across the back of the home. With sleeping quarters for 28 people, expansive balconies on two levels, an outdoor kitchen and additional 3-car carriage house, this beachfront residence will be enjoyed
"Optimistic" is the best word I can use to describe this past summer season. The period from July to September 2020 has produced some record sales numbers for Destin Real Estate. In spite of the challenges that we've been faced with in 2020, these stats reflect a sense of optimism. Faced with adversity of "pandemic proportions", people are still moving forward with their lives.
The team at Destin Real Estate would like to thank these brave home buyers and sellers, and congratulate them on their new home purchases.
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.
SOLD! in Under 30 Days
These homes were sold after being listed less than one
You'll never tire of the breathtaking views from this exceptional Gulf front condo at Beach Colony. Fully furnished and completely immaculate, this investment rental is ready to go!
Beach Colony Resort is a gorgeous gulf front resort situated on Santa Rosa Island in Navarre Beach. There's miles of white sandy beach to explore including two state parks on either side of the condo. Navarre offers the benefits of beachfront living without the crowds.
Stunning views from every room - fully furnished & ready to move-in
221 Scenic Gulf Drive UNIT 820, Miramar Beach, FL 32550
$1,525,000 - MLS #851128
You'll never miss a sunset in this Grand Dunes condo. Every room in this condo boasts stunning Gulf views. With four bedrooms and 4 full baths, everyone will have their own space. The semi-private coded elevator opens directly into the residence, offering additional security and privacy. This fully furnished condo is immaculate and ready to move-in.