$1M Destin Real Estate: Home vs Condo

If you are in the market for a million-dollar home or condo in Destin, Miramar Beach, or along Scenic 30A, we have an interesting comparison for you. Our Ocean Reef Real Estate Sales team handles property sales, while our Ocean Reef Resorts staff professionally manages hundreds of fine vacation rental properties for private owners of beautiful homes and luxurious condos.

As most know, property value is typically based on location. Size also influences value by larger homes and condos accommodating a higher occupancy. Buyers and visitors also tend to have geographic preferences. Destin, for instance, offers more of a bustling setting with many choices for activity. Scenic 30A is dotted with idyllic coastal villages and a more laid-back feel. Miramar Beach is equidistant from Destin and 30A, with a marvelous mix of both worlds.

Now let's compare a one-million-dollar Destin home versus a condo!

Lakefront in the exclusively gated Destin community of Regatta Bay, 4598 Sailmaker Ln encompasses 2,446 square feet with three bedrooms, three ensuite luxury baths, and a half-bath powder room. A stone paver driveway leads up to this regal Mediterranean-styled home with lushly landscaped grounds featuring a large Live Oak, palm trees, crepe myrtles, azaleas, and tropical plantings.

This home has been lavishly remodeled to feature bright interiors with soaring ten-foot ceilings, walls of windows, and grand styling creating a spacious look. Floor-to-ceiling windows in the great room showcase lovely lake views and include glass doors leading to a covered outdoor living area that connects to an open patio. They overlook the serene lake with a 60 linear foot shoreline studded with seven palm trees.

A newly completed state-of-the-art kitchen features gleaming dark ebony custom cabinetry trimmed with bronze handles and accented by a wall of decorative creamy white molded metal tiling. Professional-grade brushed stainless steel appliances include a French-styled refrigerator freezer, an electric glass-topped range with a suspended hood vent, a large white porcelain farm sink, and a separate wet bar area with a wine cooler. A very wide white quartz-topped island with a generous seating area overlooks the open living area. It features a new modern rectangular glass front fireplace that spans 72” across with a rustic beamed mantle on a white shiplap wall with a wall-mounted flatscreen TV for entertainment. 

The primary bedroom overlooks the lake and has an ensuite spa-like bathroom with double vanity sinks, a deep soaking tub, and a large glass-walled walk-in shower. The two guest bedrooms also feature luxuriously appointed ensuite baths.

Regatta Bay is a beautiful residential community near the white-sand beach, along with many amusements, restaurants, friendly bars, grocery stores, wine outlets, and the captivating retail village of Destin Commons. This community includes a forested award-winning par 72 championship golf course dotted with lagoons and lakes. Other amenities include swimming pools, tennis courts, and a gorgeous lakefront clubhouse with a dining room, bar, and fitness center.

Listed at $1,000,000, this home comes in at $408.83 per square foot. HOA fees are $760 per quarter. The home does not come furnished and short-term vacation rentals are not permitted in Regatta Bay.

Also listed at $1,000,000, Jade East Towers 1630 is a luxury gulf-front condo for sale at 1018 Highway 98 in Destin. This vacation residence encompasses 1,317 square feet with two bedrooms and two full baths.

This condo is lavishly appointed with comfortable coastal and cottage-styled furnishings. The bright open living, dining, and kitchen area has oversized parchment-toned tile flooring, sliding glass balcony doors framing the gorgeous gulf views, and a wall of mirrors accentuating a spacious look. The beautifully furnished beach balcony is accessible from both the living area and the primary bedroom. A dove gray couch, matching armchairs, and two elegantly patterned accent chairs ensemble around a rustic trunk that serves as a cocktail table and faces a large flatscreen TV. An elegant pedestal table with a round glass top includes six high-backed straw-woven chairs beside a large seascape painting.

Nearby a regal granite-topped wet bar with mirrored glass shelving above it and an open kitchen bar with wide stool seating are perfect for entertaining. The kitchen features brushed stainless steel appliances and custom white cabinetry to fulfill all culinary needs.

The primary bedroom has an upscale palatial look with stately white furnishings, a queen size bed, a brass framed glass top desk beside a unique cornered window, and a wall-mounted flatscreen TV for evening viewing pleasure. The ensuite bath includes a mottled granite-topped cabinet with two sinks, a spa tub, and a walk-in shower. The guest bedroom has two comfortable full beds and access to a hall bath with a tub-shower combination.

Jade East Towers has a centralized location in Destin near delightful diversions, gulf front restaurants, beach bars, grocery stores, and wine shops. Destin’s crown jewel of HarborWalk Village is minutes away, featuring great dockside dining destinations, lively bars, wonderful family amusements, outdoor concerts, fun festivals all year round, and exciting seasonal firework celebrations. Besides the bright, beautiful beach, amenities at Jade East Towers include a seasonally heated lagoon-shaped swimming pool beside the gleaming jewel-toned gulf. The tropically landscaped pool patio includes a waterfall that cascades down over stones into the pool, along with clusters of palm trees and a bubbling hot tub. A clubhouse nearby has restroom facilities with showers and stone-encased grills with tables for fun cookouts. There is also a fitness center and tennis courts available for play.

This furnished gulf-front condo is listed at $1,000,000 and comes in at $759.30 per square foot. Annual condominium fees at Jade East Towers stand at $3,275.81 per quarter. Jade East Towers is rental-friendly, with gross yearly rental income projections for two-bedroom properties averaging around $65,000.

Want to take a closer look at this home and condo? Contact our Ocean Reef Real Estate Sales team today at 877-392-6085. We can provide a complimentary comparative market analysis showing all comparable properties listed for sale, those with pending contracts, and properties sold within the past twelve months. Our Ocean Reef Resorts property management team can provide detailed annual gross rental income data for comparable properties upon request. Once you are fully informed, we can set up a private tour and help get you one step closer to being on the beautiful beach. See you on the shore soon!