Investing in Paradise: Benefits of Owning on the Emerald Coast

Schedule a tour today! Cindy Blanton | (850) 428-2306 | cindyblantonsells@gmail.com Coral Reef 6 | 1 Bedroom | 1.5 Bathrooms | Sleeps 8 | ±820 SF | $845,000 This first floor, one bedroom condo at Coral Reef Club is renovated into a modern second home. The kitchen is crisp and elegant with white cabinets, countertops, and appliances adorned with gold fixtures and handles. Interior and under cabinet lighting, and a bar area with wine chiller serve as a functional and aesthetically pleasing addition. Watch the waves from your kitchen and living area, amazing unobstructed Gulf views! The ensuite bedroom includes a king size bed. The bathroom is well sized with a privacy door to the shower and includes a washer and dryer. Hall bunks, a queen sofa bed, and a queen air mattress, bring the number of guests to 8. Excellent short term rental opportunity. First floor Gulf front condo located at the Coral Reef Club in the Crystal Beach neighborhood of Destin, across from the Henderson Beach Resort. No stairs, no elevators, just walk out your back door to your private patio, green space, and the beautiful beach. Centrally located close to the Destin Commons, Henderson Beach State Park, Publix, and more. Projected rental income of $110,000+, enjoy as a permanent or part time resident! Buyer to confirm all details. Schedule a tour today! Cindy Blanton | (850) 428-2306 | cindyblantonsells@gmail.com

Schedule a tour today! Cindy Blanton | (850) 428-2306 | cindyblantonsells@gmail.com Windancer 103 | 1 Bedroom | 2 Bathrooms | Sleeps 8 | ±806 SF | $845,000 162 Windancer Ln Unit 103, Miramar Beach, FL 32550 Welcome to this beautifully renovated first floor beachfront condo located in Miramar Beach Florida at the Windancer Condominium. Windancer is intimate in size with only 4 stories and 48 condos. Walk out to a private patio facing the pool and Emerald Green waters of the Gulf of Mexico. No elevators, stairs, or road to cross - the beach is your backyard and playground. This condominium at Windancer is the only first level condo with two sets of bunk beds - one in the hall and one over the primary bed. Sleeping up to eight people, this is a great rental opportunity! Sold with modern furnishings. Centrally located near the Silver Sands Outlet Mall, Chick-fil-A, and Winn-Dixie are directly across the street, and dozens of restaurants are within a few minutes drive. Buyer to confirm all details. Schedule a tour today! Cindy Blanton | (850) 428-2306 | cindyblantonsells@gmail.com

Destin, Florida, often referred to as the "Emerald Coast," is a place of pure enchantment. With its sugar-white sandy beaches, crystal-clear emerald waters, and a vibrant coastal community, it's no wonder that buying real estate in Destin has become a dream for many. Whether you're looking for a vacation home, a retirement destination, or a sound investment, Destin offers a slice of paradise that's hard to resist. The Allure of Destin: Nestled along the stunning Gulf of Mexico, Destin's charm is undeniable. This coastal town is renowned for its natural beauty, family-friendly atmosphere, and a wide range of recreational activities. With its rich maritime heritage and an abundance of marine life, Destin is a destination where every day feels like a beach holiday.

OKALOOSA ISLAND — One of the last vacant Gulf-front parcels on Okaloosa Island is being developed for a six-story, 47-unit condominium project. Officials from Fort Walton Beach-based ResortQuest Real Estate recently celebrated the ground breaking for the future gated development called blu, which is on a little more than 2-acre site at 856 Scallop Court. The property overlooks 300 feet of beachfront and is bounded by Okaloosa County beach access No. 6 and Islander Beach Resort and Condominiums to the east and Sunset Cottages and Island Sands Condominiums to the west. According to Zandra Wolfgram, spokeswoman for ResortQuest Real Estate by Wyndham Vacation Rentals’ Gulf region, blu is the first residential condominium community to be built on Okaloosa Island in a decade. The estimated $40 million project is anticipated to be completed by the spring or summer of 2019, said Cindy Blanton, one of the development's listing agents from ResortQuest Real Estate. The property will feature three- and four-bedroom units, ranging from 1,837-2,203 square feet and with pricing from the upper $700,000s. More than half of the units have already been sold. Blu also will include a covered parking area, a fitness center, two Gulf-front pools and a jetted hot tub. "The majority of the buyers are existing owners, many of whom are multiple-property owners of second homes or vacation rentals on Okaloosa Island," Blanton said Monday. "The excitement of blu had attracted interest from owners from throughout the Southeast who are typically just a day’s drive to our beautiful beafchs. They are already invested in Fort Walton Beach, Destin, Miramar Beach and the 30A area and are eager to own new construction directly on the Gulf of Mexico." The project’s developers are Crossgate Partners LLC of Suwanne, Georgia and Olson Land Partners LLC of Destin, and the general contractor is Adventure Development Inc. of Destin. "With its close proximity to Destin and nearby restaurants and attractions, the value in developing this land was clear to us," Crossgate Partners Managing Partner Randy Moore said in a news release. "While the building and grounds will be aesthetically beautiful and offer exceptional amenities, the solid concrete and steel construction will help drive value in the future for interested buyers. We designed the development around the growing market demand with something that’s unique in price, size and style."

I have stated for many years there is no such animal as “what is the market doing”, as there are many sub-markets, often increasing or decreasing at differing rates. I consider there to be at least five sub-markets:Detached homes generally used as personal residences or rentals; Condominiums, generally used for short term rentals; Vacant residential land; Commercial properties; and Commercial land. Over the past ten years, I consider there to be a sixth category which is wide variety of detached homes used for seasonal rental purposes, which have the characteristics of condominiums regarding usage. Also, location will make a difference. In the FWB market, the consistent inventory of service members with their large variable Housing Allowance (VHA) influences typical FWB homes to feature a short time on the market (DOM) and to sell near list price with a very high list to sales price ratio. In contrast, second homes in the 30A corridor feature larger inventories, longer days on market and selling prices from 4% to 5% less than list price. In the following pages, I will illustrate several detached home markets and make comments. Note that I have divided sales into the past year and the past six months (half a year). When I refer to the ‘first half’, I am mentally subtracting the half year from the whole year to arrive at the first half sales volume.