Outstanding Investment Potential in the Destin, Florida Area!
Destin and 30A area homes and condos are frequently recognized as having the best rate of return to be found throughout the United States. It's easy to understand why. Millions of visitors return year after year to enjoy our beautiful Gulf Coast beaches, abundant estuaries, bayous, and amazing fishing, What makes a great investment? That's easy, find a property with great cash flow and upside appreciation potential. I've picked four of the best currently on the market.
1. South of 30A | San Remo Custom Home - $1,495,000
4049 W County Hwy 30a, Santa Rosa Beach, FL - MLS #830331
ACTUAL RENTAL: $130,000 plus per year
What's not to love about this property, here are just a few reasons why this is such a great investment opportunity.
1. Additional Development and Amazing Upside
Half of this large property is undeveloped and would be perfect for a cabana with additional sleeping, outdoor bar, and enhanced amenity area.
2. Updated and Move-In Ready
The owner of this Santa Rosa Beach home has spent over $150,000 on renovations and updates. Features like ship lap accents, crown molding, and quartz countertops in the kitchen and wet bar have completely given this home a new, fresh look. This house is completely move-in or rental ready once the new owner takes over.
3. Perfect as a Luxury Group Rental
At over 4,200 square feet with 6 bedrooms and 5 bathrooms, this home caters to the high-end renter. Perfect for large groups, amenities include:
- private pool
- outdoor shower
- huge paver deck
- deeded beach access
In addition, residents also may take advantage of the community facilities at San Remo, which include:
- hot tub
- workout facilities
- additional parking
2. Lakeside at Blue Mountain Beach - $797,222
55 Matts Way, Santa Rosa Beach, FL 32459 - MLS #826150
Rental Projections: $62,000 per year
1. A Step Above
This home is a step above some of the other rental properties in the Blue Mountain Beach area. This is a custom build with only the highest quality materials such as impact resistant windows and 2 x 6 framing. The professional interior design is just as impressive. From the subtle satin brass cabinet pulls, to the dramatic Aqua Grunge tile surrounding the fireplace, the decor was well thought out and fits in perfectly with the Beach House design and coastal setting.
This is an investment rental that will attract an upscale renter and encourage repeat visitors and referrals.
Situated in Lakeside at Blue Mountain Beach, the home backs onto the Forest at Point Washington State Park, offering privacy and convenience. The Scenic Highway 30A, bike path, community pool, and the beach are just a short walk.
3. Destin West Beach & Bay Resort - Gulfside - $510,000
1515 SE Miracle Strip Pkwy Unit 610, Fort Walton Beach, FL - MLS #820015
Rental Projections: $60,000 per year
1. Potential Rental Machine
A beachfront penthouse in a premier vacation getaway - this property has the potential to be a complete rental machine. In fact, similar units have grossed more than $60,000 annually. As with the San Remo property, this condo has been completely renovated, comes fully furnished and ready to rent.
2. Beachfront Location
The Gulf front setting is just what folks are looking for in a Destin rental property. Destin West Resort is a popular destination, situated on beautiful Okaloosa Island with it's long stretch of white sandy beach. There are amenities galore, and the bayside lagoon lazy river pool is the largest on the island. The gulf-side zero entry pool is just steps from the turquoise waters of the Gulf of Mexico.
4. Holiday Surf & Racquet Club - $350,000
510 Gulf Shore Dr Unit 409, Destin, FL - MLS #828497
Rental Projections: $35,000 per year
1. Amazing Value
At just $350,000, this Destin condo offers excellent value for a rental property. Perfect for the seasoned investor, or someone just starting out, it's a nice 1 bedroom, 1 bath condo with minimal maintenance. The beachfront location and breathtaking views alone, are worth the price here. This unit has been updated with new flooring, kitchen cabinets, cambria counter tops, stainless steel appliances, smooth ceilings, new paint and drywall, lighting and fresh furnishings.
2. Proven Location
Holiday Surf & Racquet Club condos is a longstanding, sought after vacation destination in Destin, Florida. Located in the community of Holiday Isle, amazing white sand beaches and the sparkling, emerald green Gulf waters are at your doorstep. There are tons of amenities plus easy access to miles of paved walkways off Gulf Shore Drive.
This is a turnkey investment opportunity, all you have to do is deposit the checks.
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Tim Shepard, Broker/Owner
Destin Real Estate, LLC
Cell: (850) 259-4133
Toll Free: (866) 678-SOLD
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