Destin, FL boat docks

Destin, FL

You’ll find the secluded (and famously laid-back) Miramar Beach, Destin, and Fort Walton vacation rental region in the western Florida Panhandle. This up-and-coming stretch of the Gulf Coast beckons visitors with white sand beaches, the opportunity to surf alongside dolphins, and proximity to local history—from the prehistoric Temple Mound to the Air Force Armament Museum. This market is known by insiders as Florida's "best-kept secret."

Vacation rentals located in Destin, FL

Insider tip

This region is seeing a lot of construction at the moment, a reflection of increased guest demand and great long-term ROI for vacation homeowners. Buyers are likely to see the best vacation rental ROI with a condo or beach home community (especially those that offer proximity to the beach, views of the Gulf, and access to swimming pools and golf). This region is particularly popular with families, so look for kid-friendly vacation homes, with everything from bunk beds to large outdoor family gathering areas. Most vacation home sales in this area also include the private beach behind the unit—guaranteeing you and your guests a spot on the beach.

Learn more and compare Destin with other top markets in our insider's guide to the best places to buy a vacation rental.

Market size

7,000+ rental units

Median annual rental revenue

$36,660

Median home price

$457,800

Cap rate

5.4%

Interested in Destin?

Call our local expert Richard Haskins (License #Bk3285669) at 305-783-2909.



Vacasa offers property management and other real estate services directly through Vacasa LLC and through Vacasa LLC's licensed subsidiaries. Click here for more information about Vacasa's licensed real estate brokerage/property manager in your state. Vacasa’s licensed real estate brokerages/property managers include: Vacasa Alabama LLC; Vacasa Arizona LLC; Vacasa Florida LLC; Vacasa Louisiana L.L.C. (licensed in Louisiana); Vacasa Michigan LLC, 947-800-5979; Vacasa Nevada LLC; Vacasa New Hampshire LLC, P.O. Box 283, Conway NH 03818, Dave Grant, Broker of Record; Vacasa New Mexico LLC, 503-345-9399; Vacasa New York LLC, 888-433-0068; Vacasa North Carolina LLC; Vacasa Pennsylvania LLC; Vacasa Real Estate LLC (licensed in Colorado 720-727-9358, Idaho, and Oregon); Vacasa Resort Rentals of Hilton Head Island LLC; Vacasa South Carolina LLC; Vacasa Tennessee LLC; Vacasa Vacation Rentals of Hawaii LLC, 3350 Lower Honoapiilani Road, Suite 600, Lahaina, HI 96761; Vacasa Vacation Rentals of Montana LLC, Rickie Miller, Licensed Property Manager; Vacasa Virginia LLC; Vacasa Wisconsin LLC.

*This document is for information and illustrative purposes only. It is not intended to provide “investment advice” or a “recommendation” regarding a course of action. The discussion is general in nature and has not taken into account your personal financial position or objectives. You should consult a licensed financial advisor or other professional to discuss your specific situation.

Estimated rental income figures and home sale prices are based on historical averages; for any specific property, the actual revenue, purchase price, and cap rate may differ materially from estimated amounts and depend on a wide range of factors outside Vacasa's knowledge or control, such as the property's condition, layout, and furnishings; expenses associated with the acquisition and ownership of the property (such as property taxes, utility fees, HOA fees, insurance fees, and mortgage-related expenses); rental calendar availability; existing and future regulations; current and future economic, social, and political trends and conditions; and weather and environmental factors. These estimates do not take into account the potential impact of state income taxes.

Vacasa makes no representations or warranties, express or implied, about the accuracy of this document. Furthermore, Vacasa has no obligation to update, modify or amend this document or to otherwise notify users in the event that any opinion, assumption, forecast or estimate set forth herein changes or subsequently becomes inaccurate. Therefore, you should not place undue reliance on statements in this document.