Destin, Florida, has incredible potential for investing in rental properties. It is a beautiful resort location with so much to offer. However, there is much to learn about investing in Destin rental properties, including Destin’s many neighborhoods.
Investors should take the time to learn about different neighborhoods in Destin, and it is essential to understand the Destin zoning map, as the city prohibits short-term rentals in many areas. This post will cover some of the top Destin neighborhoods for rental investing.
Emerald Coast Real Estate Market Watch
As of June 2023, the median sale price of homes in Destin, FL, was $569,000. However, real estate trends can change quickly. If you need to buy or sell a home on the Emerald Coast, click here to contact us.
Holiday Isle is on a peninsula with the Gulf of Mexico on one side and Destin Harbor on the other. The palm trees and waterfront properties give this neighborhood an exclusive feel. Vacationers love this area of Destin because you can walk to the beach from homes in Holiday Isle. Many of the homes also have docks right on the bay. You even have dining options within walking distance from the homes.
With Crystal Beach, vacationers get the height of luxury and scenic beauty. It has some of the most desirable properties in Destin. The homes are also right off the stunning white sand beaches, so vacationers love this area for easy beach access. The attractive properties and good location also mean the homes command higher rent prices. It is also near Highway 98, so you can conveniently access shopping and dining.
If you don’t find the right property in Destin, you can consider Miramar Beach. It is a beach community just outside Destin. Miramar Beach has similar natural beauty, and it is just a short ride west on Highway 98 to get to Destin. However, Miramar Beach has everything you need for a good vacation. The beaches are attractive, it has a relaxed atmosphere, and there are places to dine and shop. It is perfect for investors who want to target families going on vacation.
Just a short drive down Highway 98, west of Destin, is Okaloosa Island, another nice option outside Destin. Okaloosa Island is a good option if you want to appeal to vacationers looking for something quieter, but they can still enjoy everything Destin offers. The Okaloosa Island Boardwalk is another attraction that can draw visitors to book your vacation rental.
Are you looking to buy or sell a home in Destin? Click here to contact our team. We know the Emerald Coast, and we can help you find the right property. Reach out now to learn more about how we can help.
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