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
This list represents the top selling investment rentals in the Destin and 30A area up to July 2018. If you're considering such a purchase, this will give you a good idea of where to begin. All of these properties have great proximity to the beach, local hot spots, restaurants and shopping, and vary in the selection of amenities. Many of the rental listings for sale are pretty much turnkey operations, being sold completely furnished with confirmed reservations on the books.
We can provide more detailed information about these and other good prospects for vacation rental investment properties in Destin and the Emerald Coast. View current listings for:
These are the top selling neigborhoods in Destin and the Emerald Coast from January to June 2018. Watersound, Prominence and Watercolor remain in the lead, but we're also seeing strong results from Niceville communities. Some of these include, Parkwood at Bluewater Bay, Caribbean Village, Swift Creek, and Rocky Bayou. Click to view more Destin & 30A Real Estate Stats - YTD 2018.
Popular areas of Watersound include Origins, West Beach and now the emerging Watersound Beach neighborhoods. Situated closest to the Gulf and Watersound Beach Resort, homes here have incredible Gulf of Mexico views and are just a short walk to the sand. View all listings in Watersound
Here are the Destin and 30A real estate stats for the period covering January to June 2018. You'll find a comparison to the same period last year.
2018 YTD Condo Sales for Destin & 30A
Destin condo sales increased by 24% with a 5% increase in Average Sales. The new Henderson Lofts has really taken off with 34 sales during this time period. Holiday Surf & Racquet, Silver Shells and Sterling Shores.
Condos in Miramar / Sandestin Resort showed a 21% increase in Number Sold and a substantial 20% Price Increase. Popular properties included Alerio, Amalfi Coast Resort, Ariel Dunes, Grand Dunes, Luau I & II, Tides at Tops'l and Tops'l Beach Manor.
Condos in 30A East were slightly lower in number, -3% from last period, but prices have
These are the hottest selling neigborhoods in Destin and the Emerald Coast from January to March 2018. Similar to last quarter, Watersound, Prominence and Watercolor remained in the top three. Overall, the volume of sales is similar to the same time in 2017, with sale prices increasing an average of 3%. Click to view more Destin & 30A Real Estate Stats - 1st Quarter 2018.
Watersound continues to lead the pack with ultra-luxury homes in Watersound Beach, and a variety of price points in Watersound Origins. This community appeals to those seeking both established homes or lots with custom opportunities. View all listings in Watersound
The triplex townhomes in Prominence continue to attract buyers. The interiors
Looking for a new home on the Florida Gulf Coast? Here is the January 2018 report of some of the hottest new construction for single-family homes and condos in Destin and along the 30A. For anyone seeking a brand new house, or looking for pre-construction opportunities, this is a good place to start your search. As always, just contact Tim for more information, or view all Destin & 30A New Construction Listings here.
30A Townhomes at Seagrove Beach Open concept luxury condos located directly on Hwy. 30A in Seagrove Beach. Prices start from $400,000.
Alys Beach 4 new homes slated to be built in 2018, ranging from 2,000 to 3,705 square feet. Prices start at $1,950,000.
Cedar Woods at WaterColor by David Weekley Homes, is the newest creation in this top-selling master-planned community. Lots are situated in the peaceful, Phase 4 neighborhood of WaterColor, surrounded by trees and parkland. Cedar Woods has a relaxed cottage feel to it, and perfect for a holiday home or vacation rental.
From $1,520,773 | 3199 Sq. Ft. 2 Stories, 5 Bedrooms, 5 Full Baths, 2-Car Garage
From $1,697,258 3642 Sq. Ft. 2 Stories, 5 Bedrooms, 5 Full Baths, 1 Half Bath, 2-Car Garage
The Cordelia (image coming soon)
From $1,570,414 | 3211 Sq. Ft. 1 Story, 3 Bedrooms, 4 Full Baths, 1 Half Bath, 3-Car Garage
WaterColor has grown in popularity, becoming a leading 30A community. With approximately 1,000 people per day using the Beach Club alone, it's time to expand the facilities and make the amenities more accessible for homeowners and their guests.
Improvements such as these mentioned below, only help to increase home values, stimulate sales, and contribute to a vibrant rental market.
New Beach Club - More Space - More Fun
The addition of two additional resort-style pools will triple the pool and deck size at the beach club. There will be more seating and dedicated sunbathing areas with new cabanas. Terraced decks ensure that everyone gets a great Gulf view. In addition, poolside food service will be increased, making this one of the most impressive
Here is the latest summary of the Destin real estate scene for September 2016. This gives you a snapshot of home, condo and land sales in Destin FL and the surrounding Emerald Coast.
Total residential sales for Destin and the surrounding towns were $267,488,702 with an average sale price of $432,830. Properties averaged only 123 days on the market with a closing price of 96% of the asking price. This was a robust September market, that sold more single-family homes and townhomes then the same time in 2015. Condo sales were down slightly, but prices increased 11%.
This Destin real estate update for July 2016 gives you a snapshot of home, condo and land sales in Destin FL and the surrounding Emerald Coast.
When summer rolls around, rental season kicks into full gear and sellers are less willing and less negotiable to sell. Buyers don't seem to notice too much though, as their attention turns to outdoor activities and our beautiful beaches. That being said, residential sales in the Destin area totaled $351,547,336. The average sale price was $372,008 and real estate averaged only 111 days on the market. The average seller received 95% of their asking price.