Destin · Building Market Report
Marbella Market Analytics
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 November 1, 2026 · Next statistics update early December 2026
How the building is trading
4 units closed at Marbella in the trailing 12 months at a median of $707,500, with a 97.2% median list-to-sale ratio. On the active side, 4 of 5 listings sit below original list price, and standing inventory works out to 15.0 months of supply at the current sales pace.
Two entries in the public record split this building's residences in ways an average across all sixty-nine cannot show. First, four FEMA designations cross a single parcel, including base flood elevations of 8 and 9 feet alongside unshaded Zone X, so carrying costs can differ between residences for reasons that have nothing to do with the residence. Second, the parcel does not reach the harbor water, and the land between is titled to a master association and a private company, which means the value of water proximity at this address is a function of recorded rights rather than of frontage. Level, within a nine-level stack, is the third divider. A patient buyer should price the flood designation and the recorded water rights before pricing the view, and should read the reserve study against the statutory clock that a 2006 certificate of occupancy started.
| Period | Value |
|---|---|
| 2024 | $990K |
| 2025 | $825K |
| 2026 YTD | $715K |
| Period | Value |
|---|---|
| 2024 | $452 |
| 2025 | $394 |
| 2026 YTD | $343 |
| Period | Value |
|---|---|
| Nov 24 | 0 |
| Dec 24 | 0 |
| Jan 25 | 1 |
| Feb 25 | 0 |
| Mar 25 | 0 |
| Apr 25 | 0 |
| May 25 | 0 |
| Jun 25 | 0 |
| Jul 25 | 0 |
| Aug 25 | 0 |
| Sep 25 | 1 |
| Oct 25 | 0 |
| Nov 25 | 1 |
| Dec 25 | 0 |
| Jan 26 | 0 |
| Feb 26 | 0 |
| Mar 26 | 0 |
| Apr 26 | 0 |
| May 26 | 0 |
| Jun 26 | 1 |
| Jul 26 | 1 |
| Aug 26 | 0 |
| Sep 26 | 1 |
| Oct 26 | 0 |
The monthly charts cover the 24 complete calendar months from November 2024 through October 2026, and a month with no closings is a zero bar rather than a gap. Those 12 months can differ from the trailing totals above, which run day-precise through November 1, 2026 rather than by whole calendar months.
Based on information from ECAR for the period November 2, 2021 through November 1, 2026.
From the active file
4 units are on the market at Marbella today:
$2,995,000
770 Harbor Boulevard Unit PH2
Destin, FL 32541
$859,000
770 Harbor Boulevard Unit 1G
Destin, FL 32541
$675,000
770 Harbor Boulevard Unit 2J
Destin, FL 32541
$829,000
770 Harbor Boulevard Unit 3F
Destin, FL 32541
The investor file
| Typical acquisition (median, 12 mo) | $707,500 |
|---|---|
| Median price, 2024 to 2026 | -27.8% ($990,000 to $715,000) |
| Average sale price (12 mo) | $714,750 |
| Sales volume, trailing 12 months | $2,859,000 |
| Sale price range, trailing 12 months | $580,000 - $864,000 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 2 BR | 1 | 1 | Sample too small |
| 3 BR | 2 | 3 | $715,000 |
| 4 BR | 1 | 0 | Sample too small |
| 6 BR | 1 | 0 | Sample too small |
Based on information from ECAR for the period November 2, 2021 through November 1, 2026.
Short-term rentals are restricted here
The building guide for Marbella reports short-term rental as not allowed there, so we publish no nightly-rental performance benchmarks for this building: segment figures would describe a market it does not take part in. That reporting covers short stays only, and says nothing either way about longer tenancy. The recorded declaration is what sets any minimum lease term, so read it, and confirm the association's current rental policy directly, before purchasing with rental income in mind.
Rental rules on the MLS today: 0 of 5 active listings disclose"Short Term Rental - Allowed"; 5 disclose it is not allowed. Always verify the association's current policy.
The neighborhood: Downtown Destin
Marbella sits in or beside the Downtown Destin Census neighborhood - the area figures below describe that neighborhood, not this building alone.
Neighborhood Data
Downtown Destin at a Glance
1,978
Properties
$345K
Median Home Value
51%
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 November 2, 2021 through November 1, 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?
4 units closed at Marbella in the trailing 12 months, from $580,000 to $864,000. 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 Marbella?
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
- Neighborhood data (LiveBy / U.S. Census ACS) - 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. 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
- Okaloosa County IGIS: Parcels layer, legal name MARBELLA CONDO (accessed August 21, 2026)
- Okaloosa County IGIS: SiteAddress points at 770 Harbor Boulevard (accessed August 21, 2026)
- Okaloosa County IGIS: Parcels layer, adjoining MARBELLA T/H ground (accessed August 21, 2026)
- Okaloosa County IGIS: FEMA FIRM flood zone polygons over the Marbella parcel (accessed August 23, 2026)
- Okaloosa County IGIS: WaterBodies layer, Old Pass Lagoon (accessed August 23, 2026)
- Florida Statutes 553.899, 2024 compilation, Mandatory structural inspections for condominium and cooperative buildings (accessed August 21, 2026)
- Florida Statutes 718.112, 2024 compilation, Bylaws (structural integrity reserve study and reserve waivers) (accessed August 21, 2026)
- Florida Statutes 509.2112, 2024 compilation, Public lodging establishments three or more stories in height (accessed August 21, 2026)