Destin · Building Market Report
Indian Lake
Every number a buyer, seller, or investor needs on one building: live inventory, closed-sale history, and the neighborhood around it - refreshed monthly from MLS data.
Inventory updated daily · Sale statistics updated September 22, 2026 · Next statistics update early October 2026
How the building is trading
18 units closed at Indian Lake in the trailing 12 months at a median of $215,000, with a 94.3% median list-to-sale ratio. On the active side, 5 of 14 listings sit below original list price, and standing inventory works out to 9.3 months of supply at the current sales pace.
Two different things trade under one name here, and mixing them is the standard error in an Indian Lake comparable set. Dancing Cloud Court is a 287-unit condominium: deeded units across twelve buildings, a shared envelope, and county records showing two construction years rather than one. Indian Lake Ph I through Ph IV, addressed on Drifting Sand Trail, Broken Arrow Court and Two Circle Road, are platted phases of detached houses on their own lots, under their own documents. A unit and a house are not comparables. Sort by ownership form first, then by vintage, floor and bedroom count inside the condominium, setting the five commercial units aside. Rental use follows the association's documents and the county's rules, because the governing jurisdiction here is unincorporated Okaloosa rather than Destin itself.
Year-over-year figures compare the 12 complete calendar months from September 2025 through August 2026 with the 12 before them. That window can differ from the trailing totals above, which run day-precise through September 22, 2026 rather than by whole calendar months.
| Period | Value |
|---|---|
| 2021 | $205K |
| 2022 | $267K |
| 2023 | $283K |
| 2024 | $263K |
| 2025 | $285K |
| 2026 YTD | $210K |
| Period | Value |
|---|---|
| 2021 | $194 |
| 2022 | $268 |
| 2023 | $277 |
| 2024 | $285 |
| 2025 | $240 |
| 2026 YTD | $217 |
| Period | Value |
|---|---|
| Sep 24 | 2 |
| Oct 24 | 1 |
| Nov 24 | 1 |
| Dec 24 | 0 |
| Jan 25 | 2 |
| Feb 25 | 2 |
| Mar 25 | 1 |
| Apr 25 | 4 |
| May 25 | 5 |
| Jun 25 | 1 |
| Jul 25 | 3 |
| Aug 25 | 2 |
| Sep 25 | 2 |
| Oct 25 | 3 |
| Nov 25 | 2 |
| Dec 25 | 0 |
| Jan 26 | 0 |
| Feb 26 | 3 |
| Mar 26 | 1 |
| Apr 26 | 2 |
| May 26 | 0 |
| Jun 26 | 3 |
| Jul 26 | 3 |
| Aug 26 | 1 |
| Period | Value |
|---|---|
| Sep 24 | Sample too small |
| Oct 24 | Sample too small |
| Nov 24 | Sample too small |
| Dec 24 | No data |
| Jan 25 | Sample too small |
| Feb 25 | Sample too small |
| Mar 25 | Sample too small |
| Apr 25 | $535K |
| May 25 | $590K |
| Jun 25 | Sample too small |
| Jul 25 | $230K |
| Aug 25 | Sample too small |
| Sep 25 | Sample too small |
| Oct 25 | $215K |
| Nov 25 | Sample too small |
| Dec 25 | No data |
| Jan 26 | No data |
| Feb 26 | $200K |
| Mar 26 | Sample too small |
| Apr 26 | Sample too small |
| May 26 | No data |
| Jun 26 | $495K |
| Jul 26 | $255K |
| Aug 26 | Sample too small |
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
14 units are on the market at Indian Lake today - a sample of the current file:
$188,000
4030 Dancing Cloud Court Unit 351
Destin, FL 32541
$215,000
4040 Dancing Cloud Court Unit 325
Destin, FL 32541
$174,900
4070 Dancing Cloud Court Unit 180
Destin, FL 32541
$221,750
4080 Dancing Cloud Court Unit 226
Destin, FL 32541
$530,000
4041 Broken Arrow Court
Destin, FL 32541
$240,000
4090 Dancing Cloud Court Unit 252
Destin, FL 32541
The investor file
| Typical acquisition (median, 12 mo) | $215,000 |
|---|---|
| Middle-half range (25th-75th pct, 44 priced sales / 24 mo) | $193,750 - $502,500 |
| Median price, 2021 to 2026 | +2.4% ($205,000 to $210,000) |
| Average sale price (12 mo) | $274,611 |
| Sales volume, trailing 12 months | $4,943,000 |
| Sale price range, trailing 12 months | $160,000 - $555,000 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 1 BR | 4 | 6 | $186,000 |
| 2 BR | 7 | 6 | $212,500 |
| 3 BR | 3 | 6 | $465,000 |
The bedroom counts above blend two different products: the Dancing Cloud Court condominium and the detached houses of Indian Lake Ph I through Ph IV. A unit and a house are not comparables. See the description above for which streets belong to which.
Based on information from ECAR for the period September 23, 2021 through September 22, 2026.
Rental rules on the MLS today: 0 of 14 active listings disclose“Short Term Rental - Allowed”; 14 disclose it is not allowed. Always verify the association's current policy.
The neighborhood: Indian Bayou
Indian Lake sits in or beside the Indian Bayou Census neighborhood - the area figures below describe that neighborhood, not this building alone.
Neighborhood Data
Indian Bayou at a Glance
1,521
Properties
$591K
Median Home Value
46%
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. Neighborhood figures are LiveBy area estimates built on the U.S. Census American Community Survey.
Why is there no list of individual sold units?
18 units closed at Indian Lake in the trailing 12 months, from $160,000 to $555,000. 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 Indian Lake?
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 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. 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 parcel record, INDIAN LAKE CONDO (accessed August 22, 2026)
- Okaloosa County GIS: Parcels layer, the four platted Indian Lake phases (accessed August 22, 2026)
- City of Destin: Am I in the City Limits (accessed August 20, 2026)
- US Census Bureau: Geocoder, Incorporated Places (accessed August 20, 2026)
- City of Destin: Morgan Sports Center (accessed August 20, 2026)
- City of Destin: Nancy Weidenhamer Dog Park (accessed August 20, 2026)
- City of Destin: Short Term Rentals (accessed August 20, 2026)
- Okaloosa County: Short-Term Rental Information (accessed August 20, 2026)