The team at Destin Real Estate is happy to congratulate these Spring home buyers and sellers on their new purchases and sales. After a stressful few months, the restraints on the market were lifted and it was back to business as usual in the Destin market. You'll notice from the "Days on Market" that these Destin and surrounding Emerald Coast listings weren't on the market for long.
The following Destin area homes and condos have either been "Sold" or accepted "Under Contract" in the last 2 months.
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.
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
What Are the Top Selling Condos in Destin and the 30A?
Here are the condo market highlights for Destin, the 30A and surrounding Emerald Coast from January to May 2019. See below for last year's hottest selling Destin area condos and average sale prices. This is a handy little tool for anyone considering a condo sale or purchase in the Destin area.
Quick Condo Facts From January 1 to May 31, 2019
# of Condos Sold: 801
Average sale price was $418,388
Average Sqft: 1,234
Average Days on Market: 114
Highest Selling Price: $4,050,000
Sold for $4,050,000 - a brand new 3 bedroom condo in Thirty One on 30A Condominiums in Santa Rosa Beach, Florida. New construction condos on the Emerald Coast are increasingly popular choices, and
Perfect Example of the Ideal Investment Condo Rental
This picture perfect Island Echo condo in Fort Walton Beach went under contract in just 5 days. Congratulations to our buyer who has just what they were looking for. I'm certain the seller is also pleased that their condo sold so quickly.
This property had everything you could want in an investment rental:
Priced right for the market
Beachfront with incredible views
Has a strong history of rental income with the potential to increase
Building has good choice of amenities
Turnkey property that's rental ready
We Can Help
These types of Destin area investments are in big demand and when listed don't last long. If you're in the market for an investment rental, let us
These are the Top Selling Condos in Destin, 30A and Surrounding Area
Here's a summary of the 2018 YTD condo market in Destin, the 30A and surrounding Emerald Coast. See below for an extensive list of the hottest selling Destin condos for sale and average sale prices.
Quick Facts From January 1 to October 31, 2018
# of Condos Sold: 2,007
Average sale price was $462,898
Average Sqft: 1,295
Average Days on Market: 129
Highest Sold Price: The highest price for a condo sold in the Destin area was $5,500,000. The list price was $4,250,000! This was a brand new, 5 bedroom, 5 bath penthouse at Costa Blanca on 3oA west.
Top Selling Condos by Price
These are the most popular condos YTD, based on number of sales. Listed by price
Top Beachfront Investment Rentals in Destin & the 30A - January - September 2018
Probably one of the first questions a prospective renter asks is "how close is it to the beach?" There is no doubt that beachfront rentals are among the most lucrative choices for investment real estate in Destin and the Emerald Coast. Homes, condos and townhomes sitting directly on the beach with the Gulf of Mexico laid out before them, are often rental machines. The following blog post will explain:
What Are the Top Beachfront Investment Condos in Destin & the 30A
Links to Top Selling Investment Condos
What Are the Top Beachfront Investment Areas for Single-Family Homes
Links to Top Selling Areas for Beachfront Investment Homes
It's been a busy spring for real estate in Destin, the 30A and surrounding Miramar Beach, Sandestin Resort, Niceville and Fort Walton Beach. We've got a good supply of inventory, but could always use more. Prices in most areas have increased since the same time in 2017 as well as the number of sales.
Here is a quick snapshot of 2018 year to date condo and single-family home sales and price increases in Destin and the 30A, along with the areas with top results. Whether you're buying or selling, this will give you an idea of where real estate is hot right now.
Year to Date Condo Stats for Destin & the 30A
Top Condo Sales
Condo sales were up 32% overall, with huge increases in most areas. Some of the top producers were:
Thinking of buying or listing a home or condo in Destin or along the 30A? The following stats show you the top selling markets, overall sales stats comparing the 1st quarter in 2017 vs 2017, and where we've seen the highest price increases.
2018 1st Quarter Condo Sales for Destin & 30A
Condos in the Destin and 30A area saw more substantial increases with a 21% gain overall in average condo prices. Several areas saw huge price increases including: 30A East (+71%), 30A West (+35%), Miramar/Sandestin Resort (+31%), and Niceville (+13%). There were 500 condos sold in the first quarter 2018 for an average 96% of list price.
The highest price condo sold was $2,200,000 in Sanctuary by the Sea.
The numbers are in for the top selling condos in the Destin, 30A area. The top three spots are once again Sandpiper Cove, Ariel Dunes and Waterscape. Overall, we saw a 12% increase in the number of condos sold along the Emerald Coast with prices going up an average 5%.
Ariel Dunes, located in Miramar Beach is moderately priced from the mid $200s to the mid $400s. It's a perfect spot for a vacation with lake and Gulf of Mexico views, resort-style amenities and golf course.
Sandpiper Cove is a low-rise condo in Holiday Isle and directly across the street from the beach entrance. Condos are economically priced from the mid $100s to the mid $300s.
Waterscape is a mid-rise condo right on the white sand beach overlooking the Gulf of Mexico. Great
Everyone is talking about Sound Side Lofts, the new waterfront townhomes under construction in Fort Walton Beach. Spanning 2 acres at 340 Bonita Avenue, Sound Side Lofts will feature twenty residences in two, 10-unit buildings. Situated along Santa Rosa Sound, every loft will have Intracoastal and Okaloosa Island views, with one building directly overlooking the water.
Townhome residences will feature a contemporary two-story plan with high 14-foot ceilings, and luxury upgrades. Each loft comes with garage and boat slip.
The following styles will be available:
16, three-bedrooms with 2 1/2 bathrooms - prices starting in the mid $400s
