Destin · Building Market Report
Canal Place Market Analytics
Every number a buyer, seller, or investor needs on one building: live inventory and rental benchmarks - refreshed monthly from MLS and market data.
Inventory updated daily · Sale statistics updated November 1, 2026 · Next statistics update early December 2026
How the building is trading
Fewer than three units closed here in the trailing 12 months - too thin a sample to publish reliable statistics. Ask us for a hand-built sales review instead.
Read Canal Place as two products sharing a name. Phase II is 16 condominium units in two sizes, eight at 735 square feet and eight at 525, with unit numbers that begin with 1 or 2. Phase I is 14 homes between 1,854 and 2,342 square feet, each on its own parcel. A search on the shared name can return both, so a median or a price per square foot may describe whichever phase happened to appear, not the market for either one. Sort any comparison by phase first, then by floor plan, then by level. Expect Phase II figures to rest on only 16 homes, where a single unusual unit moves the picture. Construction years of 1980 and 1984 also differ, so set like against like before judging one phase against the other or against nearby buildings.
Based on information from ECAR for the period November 1, 2025 through November 1, 2026.
From the active file
6 units are on the market at Canal Place today:
$929,000
445 Gulf Shore Drive Unit 5
Destin, FL 32541
$899,000
445 Gulf Shore Drive Unit 14
Destin, FL 32541
$749,999
445 Gulf Shore Drive Unit 6
Destin, FL 32541
$270,000
445 Gulf Shore Drive Unit 208
Destin, FL 32541
$295,000
445 Gulf Shore Drive Dr Unit 201
Destin, FL 32541
$234,000
445 Gulf Shore Drive Unit 206
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
$252/night
Average Daily Rate
Trailing 12 months, average across City of Destin condos, 1-3 bedrooms
57%
Occupancy
Guest, owner and held nights over calendar nights, across City of Destin condos, 1-3 bedrooms
50 nights
Owner Use
Owner and maintenance nights per rental, trailing 12 months, across City of Destin condos, 1-3 bedrooms
$97 to $379
Monthly Rate Range
Average nightly rate by month, lowest in January, highest in July
2276
Rentals Tracked
Units in City of Destin condos, 1-3 bedrooms
5 nights
Average Stay
64 days
Booking Window
Average lead time before arrival
Market data by Key Data · 2276 similar rentals tracked (City of Destin condos, 1-3 bedrooms) · Nov 2025 to Oct 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 unit here can be rented
These are benchmarks for a segment of comparable rentals, not a finding about Canal Place. What a unit 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: 5 of 6 active listings disclose"Short Term Rental - Allowed". Always verify the association's current policy.
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 November 1, 2025 through November 1, 2026. Rental benchmarks are market-segment aggregates from Key Data - never figures for a specific unit.
Why is there no list of individual sold units?
MLS rules do not allow individual sold listings to be displayed publicly, so this page shows building-level statistics only - ask us for the unit-by-unitsold 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 at Canal Place?
We track this building'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 November 1, 2026
- Vacation-rental market data (Key Data) - updated November 1, 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 November 1, 2026.
Sources
- Florida statewide cadastral, Canal Place I and Phase II parcel series (accessed October 17, 2026)
- Florida DBPR North Florida condominium public-record extract (accessed October 17, 2026)
- FEMA National Flood Hazard Layer, flood hazard zones (accessed October 17, 2026)
- U.S. Census Bureau geocoder, incorporated places (accessed October 17, 2026)
- U.S. Census Bureau TIGERweb areal hydrography (accessed October 17, 2026)
- City of Destin short-term rental questions and answers (accessed October 17, 2026)