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        <title>Destin &amp; South Walton Real Estate Blog</title>
        <link>https://www.destinrealestatesales.com/blog/tags/real-estate-trends/</link>
        <description>Get current trends, statistics, and learn more about real estate opportunities in Destin and South Walton, Florida.</description>
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    <guid>https://www.destinrealestatesales.com/blog/buy-south-walton-car-wash.html</guid>
    <link>https://www.destinrealestatesales.com/blog/buy-south-walton-car-wash.html</link>
        <author>rolivarez@oceanreefresorts.com (Destin Real Estate Sales)</author>
        <title>Buy South Walton Car Wash</title>
    <description> <![CDATA[ 
In recent years wash facilities have become a popular investment for business income and 37 of all these existing enterprises today have opened in just the past five years. The total gross revenue is almost a Six Billion Dollar industry nationwide. People pay to have over eight million cars washed every day throughout the country. An in-bay car wash generates an average of approximately $140,000 per year with an annual net profit at close to $90,000. Now a turnkey commercial opportunity to own a car wash is available in southern Walton County and is located right on Emerald Coast Parkway, (Highway 98), near Santa Rosa Beach. It is extremely close to Scenic County Highway 30A, just east of its junction to Highway 98. This prime commercial location has an impressive traffic count that averages over 40,000 vehicles per day.


The existing Santa Rosa Beach business receives favorable Four Star Reviews from customers and currently has the highest rating when compared to other local car washes. The business also has a professional website for marketing and car wash operations. This enterprise provides a full-service car wash seven days per week from 9 am till 5 pm but is also open for self-serve 24 hours per day. Full-service washes range from $8 to $25 while a “Premier” car wash service with hand applied hard paste wax goes for $45. There is also a special “Drop Off” service charges $99.


This car wash is located on .62 acres land that has an unincorporated general commercial zoning as designated through Walton County Planning and Zoning. The General Commercial land use also allows for offices, retail businesses, wholesale operations, lodging facilities, restaurants, shopping centers, medical facilities, fueling or gas stations, repair shops, convenience stores and grocery stores.


Although there are no other properties of this type currently listed for sale, there are vacant commercial properties along Highway 98 one acre or less that are listed unimproved between $495,000 and $695,000 for an average of $595,000. Note that the listing agent is also a licensed Realtor. This property with a successful turnkey business operation is listed at $1,599,000. Let Ocean Reef Real Estate help you get more detailed information at (877) 392-6085. If this opportunity is of interest, we can provide professional consultation, a commercial property analysis, revenue information, cost analysis and help as a mediator when you start negotiations. 

 
 
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    <pubDate>Thu, 01 Mar 2018 19:50:00 -0600</pubDate>
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    <guid>https://www.destinrealestatesales.com/blog/destin-south-walton-real-estate-vs-national-homes-size-averages.html</guid>
    <link>https://www.destinrealestatesales.com/blog/destin-south-walton-real-estate-vs-national-homes-size-averages.html</link>
        <author>rolivarez@oceanreefresorts.com (Destin Real Estate Sales)</author>
        <title>Destin Real Estate vs National Homes Size Averages</title>
    <description> <![CDATA[ 
According to a recent article published in The Wall Street Journal the trend toward bigger and bigger homes seems to have leveled off, although home sizes are still near an all-time peak at 2,491 square feet. In 2003 the average size of a home built in the United States was a little over 2,000 square feet in size. The national trend is expected to decrease in size as a large amount of first time home buyers enter the market for the first time in years. Many factors have limited buyers of this type of real estate from the market but now that things are turning around and there is quite a bit of pent up demand. House size is expected to decrease in the amount of square footage offered since affordability is a concern and a reality for most first time home buyers. National builders are trying to keep the costs of these newly constructed homes below $200,000.



 


Of course all real estate markets are “local” since geographic location is always a major factor. Here along The Emerald Coast in Destin and South Walton this is certainly the case. First of all this is indeed Florida where tourism flourishes and many people come here to retire after selling their primary homes elsewhere. The beautiful white sand beaches and jewel toned waters of our special part of the world have placed the demand for a piece of paradise into high gear which far surpasses national averages especially in cost. Currently there are a total of 2,687 homes and condominiums for sale in Destin and South Walton with an average of 2,135 square feet with a median asking price at $499,000 or at $337.05 per square foot. This is significant because well sought after condominiums located on higher priced property on or near the beach are usually smaller in size than single family residences. Interestingly enough the size of new homes or condominiums constructed since September 2013 to the present day here has increased in average size not following the national trend and the asking prices are much higher. There are currently 329 new properties of this type on the market that were built within the past twelve months with an average size of 2,536 square feet with an average asking price of $784,108. It can safely be assumed that the buyers of these properties are not first time home buyers but are more likely retiring Baby Boomers who are now making The Emerald Coast their primary home or savvy investors capitalizing on the strong rental market in Destin &amp; South Walton.


Ocean Reef Real Estate has been established in the Destin &amp; South Walton Real Estate market for 33 years.  Our teams is well versed in the local market and offers the expertise needed to successfully navigate any real estate transaction.  If you are considering purchasing or selling a property in Northwest Florida give us a call now at 877.392.6085 or contact one of our experienced sales professionals. 

 
 
 
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    <pubDate>Thu, 18 Sep 2014 09:22:00 -0500</pubDate>
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    <guid>https://www.destinrealestatesales.com/blog/miramar-beach-real-estate.html</guid>
    <link>https://www.destinrealestatesales.com/blog/miramar-beach-real-estate.html</link>
        <author>rolivarez@oceanreefresorts.com (Destin Real Estate Sales)</author>
        <title>Miramar Beach Real Estate</title>
    <description> <![CDATA[ 
Magnificent Miramar Beach is a popular choice among buyers due to its remarkable location, upscale prestigious neighborhoods and spectacular scenery. It is home to the exclusive gated Sandestin Golf and Beach Resort which comprises over 2,400 acres from the gorgeous Gulf of Mexico to the usually placid waters of Choctawhatchee Bay. Grand Boulevard and the New Orleans French Quarter inspired Village of Baytowne Wharf are located here with a huge abundance of excellent restaurants, lively bars, unique galleries, fashion boutiques and a state of the art movie theater with comfortable stadium seating. Miramar Beach is also home to the nation’s largest Designer Outlet stores known as Silver Sands Premium Outlets which is a popular destination throughout the southeast.   The unincorporated 4.7 square miles of this affluent community in south Walton County is graced by beautiful forests, sparkling natural lagoons, coastal dune lakes, championship golf courses as well as sensational waterfront properties on both the gorgeous gulf and beautiful bay. The location is equidistant from the peaceful pastoral splendor of Scenic 30A and the active delightful diversions to be found in Destin. It provides the best to offer from both worlds.





Currently there are 673 properties available on the market in Miramar Beach which includes single family homes, attached town homes and single condominium units. The list prices range from a minimum of $108,900 for a one bedroom 640 square foot condominium at “Sand Prints” to $4,999,995 for an 8,464 square foot beach front mansion in the privately gated “Rue Caribe” neighborhood. The average asking price for properties available stands at $576,323 offering an average of 1,803 square feet. This averages an asking price of$319.65 per square foot at the present time.


There were 630 properties in Miramar Beach that sold within the past twelve months. These sold in a price range from a minimum of $55,100 for a 349 square foot studio styled condominium to $4,300,000 for a 7,650 square foot mansion. The average price per square foot for these two came in at $51.59 for the studio and $651.63 per square foot for the mansion. The average priced property to sell during this same period of time closed at $429,141 for an average of 1,713 square feet. The average price per square foot for all properties that sold came in at $254.38 psf.





Purchases of properties anywhere in south Walton County are considered by many to be excellent investments for the future since even as demand increases there is a permanent moratorium for further high rise structures that are over four stories in height. This limits density since just one high rise structure can have as many as 150 separate properties or units. Furthermore half of the land in south Walton County that remains undeveloped is comprised of state forests, parks and golf courses that will never be able to be developed. As demand continues to increase for real estate in Miramar Beach, supply will remain finite and limited compared to other adjacent counties who do not have height limits.


Contact a member of our Ocean Reef professional real estate team who will be more than happy to help you research this market and find a home or rental investment property in magnificent Miramar Beach

 
 
 
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    <pubDate>Thu, 12 Jun 2014 09:56:00 -0500</pubDate>
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    <guid>https://www.destinrealestatesales.com/blog/commercial-real-estate-boom-in-destin-south-walton.html</guid>
    <link>https://www.destinrealestatesales.com/blog/commercial-real-estate-boom-in-destin-south-walton.html</link>
        <author>rolivarez@oceanreefresorts.com (Destin Real Estate Sales)</author>
        <title>Destin &amp; South Walton Commercial Real Estate Boom</title>
    <description> <![CDATA[ 
Destin and South Walton commercial real estate has literally “boomed” over the past thirty years. Longtime visitors and local residents are amazed at the transformation of this part of the Emerald Coast over the years. Back in 1980 nothing was built along Emerald Coast Parkway from Sandestin all the way to Destin itself because it did not even exist until 1987 Up until this time all of Highway 98 from Destin to Panama City Beach was a two lane road except for about a two mile stretch of four lane highway near a new development called Sandestin.  Sandestin started in the mid 1970s but even as of 1980 there were no high rise condominium towers on the beach and the Hilton Hotel was just starting construction. The original Highway 98 which is now called Scenic Gulf Drive was a lonely two lane road that ran alongside the beach to Destin across mostly empty sand dunes. High rise condominium beach towers and many residential neighborhoods were built throughout the 1980s and 1990s along with many championship golf courses.





This led to a real estate boom in associated commercial development, especially on the newly completed Emerald Coast Parkway. Shortly after 2001 Destin Commons and two other major shopping centers were completed at the junction of 98 and the newly completed Mid Bay Bridge Road. The Emerald Grand and Harborwalk Village in Destin were completed by 2006. Preplanned communities sprung up along Scenic 30A in South Walton at this same time following Seaside’s lead which had been started in the early 1980s. From 2002 to 2006 entire towns were completed along this route, some within less than twelve months time. They included Gulf Place at Santa Rosa Beach, Watercolor, Watersound, Alys Beach and Rosemary Beach. It was like “the wild west” for locals to see complete communities springing up which resembled fake Hollywood movie sets because they went up so fast you couldn’t even believe they were real  The Village of Baytowne Wharf and Grand Boulevard at Sandestin were also completed at this time. This all ended by 2006 and almost overnight there was not one board of new construction to be seen here for commercial or residential development for nearly five years. The recovery began around 2010 and all of a sudden Destin saw a new Lowe’s, Miller Ale House Restaurant, Rooms to Go and other commercial buildings being completed with many more to come.


There have been sixty-three commercial real estate sales in Destin and South Walton over the past twelve months. These include completed buildings like restaurants, retail units in existing space, warehouse or industrial structures and vacant commercial parcels. The average price for all of those sold stands at $606,356. These ranged from $35,000 to $6,250,000 which were both for vacant commercial parcels. The property that sold for $35,000 was on Highway 98 near Inlet Beach with dimensions of 207 x 165 x 121. The $6,250,000 parcel  that was zoned Multi-Use included approximately nine acres with 345 linear feet of frontage on Scenic 30A  near the junction of Watersound Parkway two miles west of Highway 98.


Currently there are 123 commercial properties for sale in this same area ranging in price from $55,000 to $7,000,000 with an average price at $1,049,000. The $55,000 property is for 612 square feet of office space with a waiting room and bathroom in an existing building on Airport Road in Destin. The $7,000,000 property is for three vacant commercial parcels totaling 10.21 acres on Emerald Coast Parkway in Miramar Beach across from Seascape Resort.


Six commercial properties are currently under contract with a range listed from $449,000 to $3,900,000 for an average of $1,715,483. The $449,000 property is a vacant lot at Emerald Waters Place in Miramar Beach. The $3,900,000 is for a Mixed Village Use parcel of 4.67 acres on Scenic 30A east of the Highway 395 junction. It is zoned to include a variety of spaces for a hotel, restaurant, office, retail and/or residential uses.




If you are looking to buy or sell commercial real estate in Destin or South Walton give one of our professional Realtors a call now at 877.392.6085



 
 
 
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    <pubDate>Thu, 29 May 2014 12:05:00 -0500</pubDate>
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