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Dream Destin Realty

Destin · Condo Building

Canal Place Condos for Sale

Canal Place sits at 445 Gulf Shore Drive in Destin, Okaloosa County, and joins a 16-unit condominium phase with 14 homes on their own parcels.

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Ask About Canal PlaceMarket AnalyticsAll Destin Buildings

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Gulf Front

Guest rating

4.9 out of 5

From 432 guest reviews on Airbnb and Vrbo

Across 5 rental listings with guest reviews in this building

  • Airbnb 5.0
  • Vrbo 4.9
See what guests rate

About Canal Place

Canal Place is two recorded phases under one name, both at 445 Gulf Shore Drive in Destin. In the Okaloosa County roll as compiled by the state, Canal Place I is 14 parcels classed as single-family residences, all dated 1980, numbered 1 through 14, with parcel numbers lettered A through D. Canal Place Phase II is 16 condominium unit parcels dated 1984, numbered 101 through 108 and 201 through 208.

The two phases differ in size as well as age. The roll lists the Phase II condominium units at two living areas: 735 square feet for eight units (101, 102, 107, 108, 201, 202, 207 and 208) and 525 square feet for the other eight. The Phase I homes run from 1,854 to 2,342 square feet. A search for Canal Place can therefore return a 525 square foot condominium and a 2,300 square foot house in the same list.

The state condominium registry carries only Canal Place Phase II Condo, project PR1S009696, with 16 units recorded October 12, 1984. No Phase I condominium appears in that registry, which is consistent with the roll classing those 14 parcels as single-family. No record loaded for this page shows whether the two phases share a declaration, a budget or any facility, so no amenities are listed here.

Every one of the 30 parcels falls within the City of Destin on Census Bureau boundaries. On the current FEMA flood map all 30 parcels lie in Zone AE: the Phase I homes read a base flood elevation of 9 feet, and Phase II reads 9 feet across most of its grounds with a pocket at 8 feet. Census water boundaries place the Gulf about 1,700 feet from the nearest parcel corner, so neither phase sits on the Gulf.

HOA & Fees

What is the HOA fee at Canal Place?

As of November 11, 2026, the 4 Canal Place condos for sale that report a fee on the MLS list HOA fees from $37 to $395 a month, with a median of $353 a month. Fees vary with unit size and type, so the fee for a specific residence is the one its listing and the association state.

Based on 4 active MLS listings that report an HOA fee. Fees billed quarterly, twice a year or yearly are shown as a monthly equivalent. See the listings

The state condominium registry names one association for Canal Place, Canal Place Phase II Condo Assn Inc, tied to the 16-unit condominium recorded in October 1984. It names nothing for the 14 Phase I homes, and the state business registry would not answer on the review date, so no corporate status is stated here. A buyer of a Phase I home should ask the seller whether any association governs that parcel before assuming one does. A buyer of a Phase II unit can ask the association for the declaration, the adopted budget, the reserve study and the insurance summary.

Rental Policy

Short-term rentals: allowed. Confirm the current minimum stay and registration with the association.

Both Canal Place phases lie inside Destin, so the city runs the registration process, not the county. City answers say a registration is filed again every year and cannot pass to a new owner. The city also posts a list of zoning districts. Rentals are generally allowed in those. Confirm with the city which one covers 445 Gulf Shore Drive. A Phase II unit raises a second question: what the Phase II condominium declaration says. Nobody has checked that document yet. Request it from the association first.

What guests say about staying here

Combined Airbnb and Vrbo ratings for the vacation rentals in Canal Place.

4.9 out of 5

432 reviews across 5 reviewed listings

  • Airbnb 5.0 from 225 reviews on 1 reviewed listing
  • Vrbo 4.9 from 207 reviews on 4 reviewed listings

What Airbnb guests rate

  • Cleanliness5.0
  • Accuracy5.0
  • Check-in5.0
  • Communication5.0
  • Location4.9
  • Value5.0

Guests rate check-in highest.

These ratings describe the vacation rentals in this building, not any one unit for sale.

Market data by Key Data · 5 units tracked in this building · Nov 2025 to Nov 2026

Live Inventory

Active Listings at Canal Place

NewShort-Term Rental Eligible

$929,000

445 Gulf Shore Drive Unit 5

Destin, FL 32541

3 bd 3.5 ba 2,246 sqft
NewShort-Term Rental Eligible

$899,000

445 Gulf Shore Drive Unit 14

Destin, FL 32541

3 bd 3.5 ba 2,025 sqft
Short-Term Rental Eligible

$749,999

445 Gulf Shore Drive Unit 6

Destin, FL 32541

3 bd 2.5 ba 1,452 sqft
Price ReducedShort-Term Rental Eligible

$270,000

445 Gulf Shore Drive Unit 208

Destin, FL 32541

1 bd 1 ba 735 sqft
Price ReducedShort-Term Rental Eligible

$295,000

445 Gulf Shore Drive Dr Unit 201

Destin, FL 32541

1 bd 1.5 ba 735 sqft
Price ReducedShort-Term Rental Eligible

$234,000

445 Gulf Shore Drive Unit 206

Destin, FL 32541

Studio 1 ba 525 sqft

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.

Building Answers

Canal Place FAQ

How much is the HOA fee at Canal Place?

As of November 11, 2026, the 4 Canal Place condos for sale that report a fee on the MLS list HOA fees from $37 to $395 a month, with a median of $353 a month. Fees vary with unit size and type, so the fee for a specific residence is the one its listing and the association state.

When were the two Canal Place phases built?

The roll dates Canal Place I, the 14 single-family-class homes, to 1980 and Canal Place Phase II, the 16 condominium units, to 1984. The state condominium registry records Phase II on October 12, 1984. No single year describes the whole name, so this page publishes neither as a building-wide fact.

How large are the units at Canal Place?

In Phase II the roll lists eight units at 735 square feet (101, 102, 107, 108, 201, 202, 207, 208) and eight at 525 square feet. The 14 Phase I homes range from 1,854 to 2,342 square feet. Bedroom and bath counts were not loaded, so confirm them against the listing.

Is Canal Place on the beach or in a flood zone?

Neither phase sits on the Gulf. Census hydrography puts the Gulf about 1,700 feet from the nearest parcel corner. FEMA maps all 30 parcels in Zone AE, at a base flood elevation of 9 feet for the homes and mostly 9 feet, with a pocket at 8, for Phase II. A map overlap is not an insurance determination for a specific unit.

Is there an association at Canal Place?

For the 16 condominium units the registry names Canal Place Phase II Condo Assn Inc, while for the 14 homes in Canal Place I it names no one. Whether the phases share any governing document was not established, so ask for the recorded documents of the specific property you are considering.

Can a Canal Place unit be rented short term?

No permission is stated here. The property is inside the City of Destin, which requires annual short-term rental registration and lists the zoning districts where rentals are generally allowed. The district for 445 Gulf Shore Drive was not confirmed here, and no declaration was reviewed for Phase II.

Sources

Other Destin Condo Buildings

Destin Communities

Communities in This Market

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