Destin · Community Market Report
Terra Cotta Terrace
Every number a buyer, seller, or investor needs on one community: live inventory, closed-sale history, rental benchmarks, and the neighborhood around it - refreshed monthly from MLS and market data.
Inventory updated daily · Sale statistics updated September 22, 2026 · Next statistics update early October 2026
How the community is trading
Fewer than three homes closed here in the trailing 12 months - too thin a sample to publish reliable statistics. Ask us for a hand-built sales review instead.
Fifty three lots make a thin file, so a comparable set here usually has to reach outside the plat, and the attribute that must travel with it is construction year. Inside this one subdivision the county's actual year built spans 1991 to 2019, wide enough that vintage rather than location is the dominant variable among the houses. Sort on it first. Lot area comes second: the recorded lots range from about 0.08 acre to 0.28, a real spread when the parcels are this small. One caution if you pull the county records yourself: a single lot here is filed under a misspelling of the plat name, so a search on the correct spelling returns 52 of the 53 and silently drops a built house. Search the parcel identifier series instead of the name. Treat beach proximity as a question rather than a given, because the parcels between this plat and the water are privately owned townhomes, condominiums and a restaurant, so how a particular house reaches the sand depends on recorded access rights rather than on what the map appears to show.
Year-over-year figures compare the 12 complete calendar months from September 2025 through August 2026 with the 12 before them.
| Period | Value |
|---|---|
| 2022 | $1.15M |
| 2023 | Sample too small |
| 2024 | $811K |
| 2025 | $950K |
| 2026 YTD | Sample too small |
| Period | Value |
|---|---|
| 2022 | $469 |
| 2023 | Sample too small |
| 2024 | $520 |
| 2025 | $471 |
| 2026 YTD | Sample too small |
| Period | Value |
|---|---|
| Sep 24 | 0 |
| Oct 24 | 0 |
| Nov 24 | 1 |
| Dec 24 | 0 |
| Jan 25 | 0 |
| Feb 25 | 0 |
| Mar 25 | 0 |
| Apr 25 | 0 |
| May 25 | 1 |
| Jun 25 | 0 |
| Jul 25 | 1 |
| Aug 25 | 0 |
| Sep 25 | 1 |
| Oct 25 | 0 |
| Nov 25 | 0 |
| Dec 25 | 0 |
| Jan 26 | 0 |
| Feb 26 | 2 |
| Mar 26 | 0 |
| Apr 26 | 0 |
| May 26 | 0 |
| Jun 26 | 0 |
| Jul 26 | 0 |
| Aug 26 | 0 |
The monthly charts cover the 24 complete calendar months from September 2024 through August 2026, and a month with no closings is a zero bar rather than a gap. Their last 12 months are the window the year-over-year figures compare.
Based on information from ECAR for the period September 23, 2021 through September 22, 2026.
From the active file
8 homes are on the market in Terra Cotta Terrace today - a sample of the current file:
$1,300,000
4768 Calatrava Court
Destin, FL 32541
$1,450,000
4773 Calatrava Court
Destin, FL 32541
$1,349,000
48 Terra Cotta Way
Destin, FL 32541
$724,900
4761 Calatrava Court
Destin, FL 32541
$874,900
110 Terra Cotta Way
Destin, FL 32541
$1,065,000
54 Terra Cotta Way
Destin, FL 32541
The short-term rental badge above is not a permission of record. It reflects the MLS short-term-rental field where a listing discloses one, and otherwise where the home sits. Confirm the association's current rules and the local registration requirement before relying on it.
What similar rentals earn nearby
$481/night
Average Daily Rate
Trailing 12 months, average across City of Destin homes, 3-5 bedrooms
53%
Occupancy
Guest, owner and held nights over calendar nights, across City of Destin homes, 3-5 bedrooms
50 nights
Owner Use
Owner and maintenance nights per rental, trailing 12 months, across City of Destin homes, 3-5 bedrooms
$154 to $721
Monthly Rate Range
Average nightly rate by month, lowest in January, highest in July
385
Rentals Tracked
Homes in City of Destin homes, 3-5 bedrooms
6 nights
Average Stay
82 days
Booking Window
Average lead time before arrival
Market data by Key Data · 385 similar rentals tracked (City of Destin homes, 3-5 bedrooms) · Sep 2025 to Aug 2026
Market statistics reflect the trailing performance of similar rental properties in this market, not this specific property, and are opinions of potential performance, not a guarantee of income. Performance varies with management, seasonality, and personal use. Verify rental eligibility and all figures independently.
The rental analysis is for signed-in readers
We publish each home's rental analysis on the signed-in side of the site, not on the open page. With a free account you will find, on the individual listings here that qualify, how rentals similar to that home perform: the average daily rate, occupancy, typical stay and booking window. The segment's daily rate, occupancy and tracked-rental count stay public on this page.
Sign in or create a free accountWhat decides whether a home here can be rented
These are benchmarks for a segment of comparable rentals, not a finding about Terra Cotta Terrace. What a home here may actually do is set by documents, and there are three of them. The recorded declaration sets any minimum lease term. The association's current rules can add stay-length minimums, rental caps, or owner-occupancy requirements the local code does not impose, and a board can change them after a purchase. The city or county that governs this address runs its own short-term-rental registration requirements over both. Request all three in their current form from the association and the local government during diligence, before purchasing with rental income in mind.
Rental rules on the MLS today: 8 of 8 active listings disclose“Short Term Rental - Allowed”. Always verify the association's current policy.
The neighborhood: Emerald Bay
Terra Cotta Terrace sits in or beside the Emerald Bay Census neighborhood - the area figures below describe that neighborhood, not this community alone.
Neighborhood Data
Emerald Bay at a Glance
1,422
Properties
$968K
Median Home Value
41%
Second Homes / Seasonal
Source: LiveBy, via the U.S. Census Bureau American Community Survey 2023. Figures are area estimates for general market context.
Demographic information is provided for general informational purposes only and must not be used to make housing decisions on the basis of race, color, religion, sex, familial status, national origin, disability, or any other protected class. Dream Destin Realty supports the Fair Housing Act and equal-opportunity housing.
Reading this file
Where do these numbers come from?
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty and refreshed on a 30-day cycle. Based on information from ECAR for the period September 23, 2021 through September 22, 2026. Rental benchmarks are market-segment aggregates from Key Data - never figures for a specific home. Neighborhood figures are LiveBy area estimates built on the U.S. Census American Community Survey.
Why is there no list of individual sold homes?
2 homes closed in Terra Cotta Terrace in the trailing 12 months. MLS rules do not allow individual sold listings to be displayed publicly, so this page shows community-level statistics only - ask us for the home-by-homesold report and we'll walk you through it.
How are thin samples handled?
Any figure computed from fewer than three sales is withheld rather than published - a one-sale “median” is just that sale's price. Counts always show; prices earn their way onto the page.
Thinking about buying or selling in Terra Cotta Terrace?
We track this community's sales and fees every month, and keep its rental rules on file - get the full picture before you commit.
- MLS market data (ECAR) - updated September 21, 2026
- Vacation-rental market data (Key Data) - updated September 21, 2026
- Neighborhood data (LiveBy / U.S. Census ACS) - updated September 21, 2026
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty.
Market statistics on this page are provided for informational purposes only. Information is deemed reliable but not guaranteed, and figures are not a guarantee of future market performance. Rental-income benchmarks are not a guarantee of future performance, so verify independently every time. These figures are not tax, legal, or investment advice; consult the appropriate licensed professional before making a financial decision. Data as of September 22, 2026.
Sources
- Okaloosa County GIS: Parcels layer, Terra Cotta Terrace identifier series (accessed August 23, 2026)
- Florida Department of Revenue: statewide cadastral, Terra Cotta Terrace (accessed August 23, 2026)
- Okaloosa County GIS: Parcels layer, ground between the plat and the Gulf (accessed August 23, 2026)
- Okaloosa County GIS: SiteAddress layer, Terra Cotta Way (accessed August 21, 2026)
- Okaloosa County GIS: WaterBodies layer (accessed August 23, 2026)
- Okaloosa County GIS: FEMA FIRM flood zones layer (accessed August 23, 2026)
- US Census Bureau: Geocoder, Incorporated Places (accessed August 21, 2026)
- City of Destin: Short Term Rentals (accessed August 21, 2026)