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Finding Investment Properties in Destin & the Emerald Coast, Florida - June 2020

Posted by Tim Shepard - Broker on Wednesday, June 17th, 2020 at 5:08pm.

Waterfront home in Destin and the Emerald Coast, Florida

The timing couldn't be better to purchase a Florida investment property in Destin or the surrounding Emerald Coast.

Now that vacation rentals in the Destin area are once again open for business, we're starting to see a huge demand for these properties. In fact, the number of new condo listings from the beginning of May to June 15, 2020 is already 7% higher than the same time in 2019. People are starting to list again and the buyers are coming out of the woodwork.

Average sale prices are up by 10% for condos and 16% for single-family homes. Interest rates are at all time lows. It's a win/win for both buyers and sellers of Destin homes and condos.

- Buying an Investment Rental Home
- Buying an Investment Rental Condo

Top Selling Home & Condo Vacation Rentals in the Destin Area

Below you'll find the top selling communities for home and condo vacation rentals since January 2020. Sorted by Average Sale Price you can browse some of the most popular properties currently on the market. We've also included the Average Percent to List sellers received, in case you're considering listing your own home or condo. 

Most of these properties are furnished and currently rented, and represent turnkey investments in various price ranges. Click on any to view current listings for sale, or to get more information about a specific condo complex or community. As always, you can also contact Tim to receive further insights or advice.

Buying an Investment Home

Investment homes for sale in Destin, Florida

As of mid June, 2020, there were 151 detached single family homes listed as investment properties in Destin and 30A:

  • Average square feet: 2,540
  • Highest price: $4,500,000
  • Lowest price: $200,000
  • Average List Price: $1,232,422

View investment homes for sale that are currently being used as vacation rentals in Destin and 30A

Below is a list of top-selling neighborhoods for investment homes in Destin and the 30A. Many come furnished and are currently rented, making them turnkey investments for new buyers.

Community

City

Average Selling Price

Percent of List

 

Over $1 Million

 
Inlet Beach Inlet Beach $2,800,000 90%
Holiday Isle Destin $2,606,250 91%
Dune Allen Santa Rosa Beach $2,460,000 95%
Rosemary Beach Rosemary Beach $2,233,333 92%
Frangista Beach Miramar Beach $2,143,333 98%
Alys Beach Alys Beach $2,125,000 92%
Watersound Beach Watersound $1,970,850 99%
Grayton Beach Miramar Beach $1,783,250 96%
Watercolor Santa Rosa Beach $1,616,713 94%
Waters Edge Seacrest $1,485,000 96%
Seagrove Santa Rosa Beach $1,008,500 92%
 

Under $1 Million

   
Destin Pointe Destin $990,000 90%
Crystal Beach Destin $989,813 97%
Destiny (misc) Destin $943,143 95%
Seacrest Beach Seacrest $915,318 98%
Naturewalk at Seagrove Santa Rosa Beach $694,000 92%
Villages of Crystal Beach Destin $600,375 97%
Linkside Village Miramar Beach $343,250 99%

Buying an Investment Condo

Investment condos for sale in Destin, Florida

As of mid June 2020, there were 368 investment condos listed on the MLS in Destin and 30A:

  • Average square feet: 1,101
  • Highest price: $1,825,000
  • Lowest price: $107,000
  • Average List Price: $433,588

View investment condos currently being used as vacation rentals in Destin and 30A

Below is a list of top-selling developments for investment condos in Destin and the 30A. Many are close to the beach, have a good selection of amenities and are minutes to dining, shopping and recreation. They often come furnished and ready to rent.

 

Condo Community

City

Average Selling Price

Percent of List

 

Over $700k

 
Watersound Watersound $1,408,333 96%
St. Maarten at Silver Shells Destin $896,333 96%
Silver Beach Towers Destin $769,250 98%
Westwinds at Sandestin Miramar Beach $704,500 91%
 

$500k-699k

 
Beach Colony Resort Navarre $652,083 96%
Inlet Reef Club Destin $560,125 94%
Emerald Grande Destin $525,667 95%
Sterling Shores Destin $517,917 98%
 

$400k-$499k

   
St. Lucia at Silver Shells Destin $480,750 97%
Redfish Village Santa Rosa Beach $471,667 94%
Island Princess Fort Walton Beach $467,500 96%
Majestic Sun Miramar Beach $458,042 98%
Windancer Miramar Beach $426,500 98%
Island Echo Fort Walton Beach $420,000 97%
Emerald Towers Fort Walton Beach $417,833 97%
Shoreline Towers Destin $416,150 99%
Waterscape Fort Walton Beach $413,333 95%
Sea Oats Fort Walton Beach $404,800 95%
 

$300k-$399k

   
Edgewater Beach Miramar Beach $392,667 97%
Pelican Beach Resort Destin $390,373 94%
Hidden Dunes Beach Cottages Miramar Beach $386,111 94%
Village of South Walton Beach Inlet Beach $378,083 97%
Breakers East Destin $368,000 98%
Destin West Fort Walton Beach $365,143 97%
Breakers of Fort Walton Beach Fort Walton Beach $361,667 99%
Holiday Surf & Racquet Club Destin $361,000 97%
Ariel Dunes Miramar Beach $347,269 98%
Beach Resort Miramar Beach $346,667 96%
Maravilla Miramar Beach $332,375 97%
Ciboney Miramar Beach $332,357 97%
Luau I & II Miramar Beach $305,590 94%
 

$200k-$299k

   
Grand Sandestin Miramar Beach $299,900 94%
Beachwood Villas Santa Rosa Beach $273,000 98%
Grand Caribbean Destin $268,375 98%
Bahia Condo Miramar Beach $265,250 96%
Jetty East Destin $259,500 96%
Crystal Village Miramar Beach $218,125 94%
Elation Miramar Beach $205,500 94%
Sandpiper Cove Destin $201,290 96%

Listing Updates

 

Logo for Destin Real Estate, LLC

Tim Shepard, Broker/Owner
Destin Real Estate, LLC
Cell: (850) 259-4133
Toll Free: (866) 678-SOLD

https://www.browsedestin.com

 

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