We have good news and we have bad news. The bad news is that sustained demand for real estate has fueled tightening inventories, which are raising prices for real estate along Northwest Florida’s Emerald Coast. The good news is that there are still a few value deals available and interest rates remain near historic lows! Now is definitely the time to buy that beach “home away from home” at a good lending rate especially if you find a decent value. Value is ultimately determined by location. We’ve located three great condominiums available on sought after Holiday Isle in Destin offered at a good price. This prestigious peninsula has an awesome location that is “off shore” but near the heart of Destin. All the nightlife, restaurants, lively bars, seasonal festivals, fireworks, concerts and family amusements are minutes away at places like Harborwalk Village. The Destin Harbor borders Holiday Isle on the north side and the glistening jewel toned gulf provides an expansive beach along its sugary white southern shore. The only opening connecting Choctawhatchee Bay to the open gulf serves its western boundary, so fishing vessels and big yachts from the Destin Marina are often seen skimming across the waters. The most sought after properties are on the sparkling sugar white shore overlooking the iridescent emerald toned waters.
Destin’s Poolside Villas at 300 Gulf Shore Drive is at the far western tip of Holiday Isle with distant views of both the harbor and beautiful beach. This exclusively gated little enclave has only 30 units nestled around a sparkling pool and beach access is just steps away. Poolside Villas #106 has two bedrooms and two full baths, one of which is en suite as part of the Master Bedroom. This 900 square foot vacation rental residence has been completely refurnished in a warm comfortable tropically inspired style. Since it is on the ground floor the covered patio sits poolside, so you are seconds away from lounging outside to taking a freshwater plunge. Rental income grossed over $20,000 in 2015. This property is offered at $199,750.
A handsome one bedroom one bath condominium is for sale at the well-established iconic gated Jetty East towers of Destin, which is a great property for rental income. Jetty East 208A grossed almost $27,000 in 2015 and already has reservations totaling $13,000 for 2016. This is not surprising since the balcony provides vivid western views across East Pass, a large lovely lagoon and the glistening gulf. Spectacular sunsets here are heavenly. Recent renovations include elegant comfortable furnishings, flat screen TVs, richly burnished brown tile flooring, quartz countertops and stainless steel appliances. The complex has an expansive beachside pool, a bubbling hot tub and tennis courts. This property is priced at $180,000.
Another popular furnished vacation rental property for sale with one bedroom and one bath is available in the Holiday Surf & Racquet Club, located at 510 Gulf Shore Drive. This established Destin beachfront resort destination includes a large lagoon shaped pool, BBQ grills, double tennis courts that overlook the glistening gulf and a Fitness Center with a Steam Room Sauna. Unit 312 has a breezy balcony that overlooks this scenery and 750 square feet of freshly tiled space offered for sale at $189,000.
Contact our real estate office at 877.392.6085 for more information to schedule a showing soon since these properties are on busy rental programs and not easily available to be seen year round.