Vacation Homes Sales are Roaring Back in Destin, Florida

Destin, Florida is blessed with rolling emerald waves, glorious white sands, golf courses, museums, fishing festivals, great dining, and so much more. It’s long been a favorite destination for those in the market for vacation homes.

According to Florida’s Department of Environmental Protection, of the 4.5 million visitors that flock to the Emerald Coast yearly, over 80% specifically choose to visit or stay specifically in Destin, demonstrating the city’s popularity as a vacation spot. is incredibly convenient for those looking to buy a home without making the trip to Destin, allowing for easy browsing and navigating inside what’s for sale. In addition to quality photos of the exterior and interior of the property and rich descriptions, the website includes intimate details of surrounding the city, really taking the hassle out of finding activities closely located to your future vacation home.

And now, after several years of suffering through a real estate market in the depths, Destin’s property market is roaring back.

Destin Real Estate

The median price to buy a home in the past year alone has jumped almost 20% to $310,000, demonstrating the drastic increase in value for real estate in the beautiful beach city. For the past year, the median listing price for homes for sale in Destin, Florida is about $460,000, a slight increase from the previous year, and these homes for sale generally stay on the market for a median of 150 days.

In just the past month, the average sold price of vacation homes has doubled, illustrating an actively growing demand. Furthermore, the number of sales made on real estate property has increased by over 50% in the past year, and in just the past thirty days, the number of listings has dropped by almost 4%. The rate at which these homes are disappearing demonstrates just how eager people are to get their hands on what’s for sale in Destin and just how much its worth is mounting.

Florida’s interest rates on homes have been on a downward trend for the past two years, starting around 4.65% and now holding steady at around 3.62%. Now has certainly been one of the best times to buy real estate in the past few years, especially homes in Florida.

Buying a vacation home is a wise investment opportunity, not just due to the real estate itself and taking family vacations but also for the profit a homeowner can make by renting out his or her property. According to the National Association of Realtors, most expenses related to renting out homes are tax-deductible. Even if the home is for personal use, an owner doesn’t have to pay taxes on the rental income when it’s rented out for up to 14 days out of the year, and finding someone willing to rent in one of the most beaches accessible cities in Florida will be incredibly easy.

Over half the homeowners in Destin are married, with more than a quarter having children, fostering a welcoming, family-oriented environment. The median age of the city’s residents is 44 years of age, alluding to a more refined social climate geared towards the family. Destin is quickly becoming one of the ideal locations to own a vacation home and enjoy the Florida coast with the spouse and kids.

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