Destin & South Walton Real Estate Blog

At Ocean Reef Real Estate Sales, we have long helped clients invest in prime Gulf Coast properties that serve both as personal vacation homes and lucrative rental opportunities. While many focus on properties in Destin, Miramar Beach, Scenic 30A, and Panama City Beach, some savvy investors are now turning their attention to Freeport—a rapidly growing town just across the bay.

We are excited to present a fantastic development opportunity at 15348 US Highway 331 Bus in Freeport. This parcel of land, priced competitively at $1,299,000, offers 5.39 acres (234,788 square feet) of residential and commercial-zoned property. Mostly cleared with a portion of forested pine trees, the land also includes a woodworking shed and a storage building that conveys…

If you’re looking for the perfect family vacation retreat by the sugar-white sands, with the added benefit of a lucrative rental income, don’t miss the opportunity to own this beautifully furnished three-bedroom condo at 114 Mainsail Drive, Unit 146, in Miramar Beach. This vibrant residence accommodates up to nine guests with multiple beds and a queen-size sleeper sofa and is part of the Ocean Reef Resorts vacation rental program.

Located within the exclusive Mainsail Beach Resort, which spans 15 acres of lush tropical landscaping, this condo offers direct access to the emerald waters of the Gulf of Mexico. The resort boasts a wide array of amenities, including two sparkling swimming pools. The South Pool Pavilion is located just across from the…

Imagine owning a stunning lakefront home in one of Destin's most exclusive neighborhoods—Destiny East. This bright and spacious 2,323 square-foot, three-bedroom residence at 72 Tranquility Lane offers the perfect blend of luxury, comfort, and investment potential. Nestled within a secure, gated community, this beautifully renovated home is not just a dream vacation retreat but also a lucrative rental property on the Ocean Reef Resorts management program, generating a gross annual rental income of $91,000 in 2023. The opportunity to own such a prestigious property is rare, and the rewards are plentiful.

This charming home is situated on the eastern shore of Four Prong Lake, a tranquil 27-acre body of water that adds to the serene ambiance of the…

Exceptional properties like this stunning listing at 71 Lands End Drive are in high demand, offering a rare opportunity to own a luxurious Gulf-front home in the heart of Destin, Florida.  This opulent beachfront property went under contract within 72 hours, reflecting the increasing interest in luxury homes along the coast. Many buyers are seizing this unique opportunity, especially for homes that serve as both a magical family retreat and a lucrative rental investment.

This five-bedroom, Gulf-front residence comfortably accommodates up to 14 guests and is known as Land Zen on the Ocean Reef Resorts rental program. In 2023, the home generated an impressive $312,497.02 in rental income, with $270,730.42 already booked year-to-date for 2024.…

This charming one-bedroom condo at Gulf Place Cabanas at 145 Spires Lane #205 in Santa Rosa Beach offers a perfect getaway for family beach vacations or romantic retreats. With a primary bedroom, a twin bunk, and a queen-size sleeper sofa, this 30A gem comfortably accommodates up to six guests, making it an ideal rental income property. Managed by the reputable Ocean Reef Resorts, this condo has already secured $32,000 in gross annual income, with the potential for continued growth.

Situated in the heart of the Gulf Place community, this condo provides easy access to the stunning white sands of Santa Rosa Beach, with two beach access points just across from the residence. Owners and guests can enjoy two swimming pools on-site, one of which…

Ocean Reef Real Estate Sales is pleased to present a newly listed, spacious 1,695-square-foot, three-bedroom vacation property at 10 Daybreak Court in the prestigious, gated community of "Sunrise Beach" in Santa Rosa Beach. This two-story home, located on the Gulf side of Scenic 30A, comfortably accommodates up to eleven guests with a well-thought-out layout featuring multiple beds, twin bunks, a daybed, and a twin trundle. Currently managed on our highly regarded Ocean Reef Resorts vacation rental program, this property generated a gross rental income of $112,490 in 2023, with year-to-date earnings already reaching $113,035 for 2024.

Just a short stroll from the pristine shoreline, "Suncatcher" offers a private lagoon-shaped saltwater plunge…

This magnificent four-bedroom, Mediterranean-style, two-story villa at 176 Rue Martine in Caribe, Miramar Beach, could become your forever dream home and serve as a lucrative vacation rental property. The owners currently have it represented by our acclaimed Ocean Reef Resorts rental management team when they're not enjoying the beach themselves. Annual gross rental income for 2023 totaled $45,132 with owner usage. This is not surprising since this spacious, comfortably furnished vacation home, which sleeps eight, is located in the premier beachside residential community of Caribe.

This exclusively gated enclave has lush, tropical landscaped grounds that span from Emerald Coast Parkway to the jewel-toned Gulf of Mexico. It features two lavishly…

This charming 861-square-foot Sterling Sands Gulf-front condo at 1080 E. Highway 98 #312 in Destin is now pending. However, this lovely two-bedroom unit could still become your forever vacation dream home and rental investment property with a potential backup offer. The current owners have it represented by our highly acclaimed Ocean Reef Resorts property management team, with last year's gross annual rental income reaching $40,000, despite seven weeks of owner usage. The 2024 annual gross rental income stands at $48,000 year to date.

Sterling Sands is one of Destin's premier beachfront resorts, centrally located in the heart of this coastal paradise, offering easy access to delightful diversions. The condo features a balcony overlooking the…

Ocean Reef Real Estate Sales proudly presents an updated one-bedroom condo at 15100 Front Beach Road #507 in Panama City Beach. This 881-square-foot, newly furnished vacation residence can accommodate up to six guests with a bed, bunks, and a sleeper sofa. It's perfect as a personal getaway or a rental investment property.

Origin at Seahaven offers a luxurious setting for owners and guests. The formal lobby, with its elegant furnishings, includes a concierge desk staffed by friendly professionals and security personnel.

Amenities include the expansive Grand Terrace infinity pool, adorned with tropical palm trees and flanked by two regal gas torches. Relax in the bubbling hot tub, enjoy poolside restroom facilities with showers, and take in…

This enchanting 1,848-square-foot, three-story home with three bedrooms and three full baths is available for purchase at 93 W Blue Crab Loop in Seacrest Beach. This property can serve as a perfect family vacation home and also as a lucrative rental income property. It is currently managed by our acclaimed Ocean Reef Resorts Rental Management Team. The annual gross rental income for 2023 totaled $77,507.53, and it is already booked for $61,983.37 in 2024.

As soon as you arrive at this gracious home known as "TennesSea River", you will be captivated by the lovely setting adorned with tropical landscaping and flanked by towering Royal Palms. Two levels of columned open verandas invite you to unwind, enjoy the Gulf breezes, and sip your favorite…