Destin · Condo Building
One Water Place Condos for Sale
Three condominium towers on Kelly Plantation Drive near Choctawhatchee Bay, two of them rising to a recorded seventeenth level and one to a sixteenth with no thirteenth in any, holding 161 addressed residences on unincorporated county ground, with a golf course company's land lying between the buildings and the water.
2007
Year Built
161
Total Units
No
Gulf Front
Year built, floor and unit figures are as published by the sources cited at the foot of this page. Confirm them against the association's own documents during diligence.
About One Water Place
One Water Place is three buildings, not one, and the county's address records name them: 400, 404 and 408 Kelly Plantation Drive, carrying 56, 53 and 54 recorded addresses respectively. That same layer assigns every residence a floor, and those run to a seventeenth level at 400 and 408 and a sixteenth at 404, with no thirteenth floor recorded in any of the three. The parcel roll is easy to misread here, and the misreading changes a comparable set. The county classes 161 parcels under this name as condominium, and every one of the 161 carries its own street address and its own recorded floor on the county's address layer, so 161 is the number of homes. Seven of those legal descriptions open with the word parking, because the clerk wrote the appurtenant parking spaces ahead of the unit number, and all seven are residences at 400, 404 and 408 Kelly Plantation Drive carrying recorded building values between $819,000 and $2.4 million. Counting by the first word of a legal description rather than by the address drops them. Nothing here is a separately titled parking space, storage unit or cart space: those appear only as appurtenances written into the legal description of a residence. One further parcel, the home numbered 203 at 400 Kelly Plantation Drive, is classed as common area and recorded to the condominium association rather than to an owner, which is worth knowing before treating it as a listing. Every residential parcel carries an actual year built of 2007. The location correction is the one most likely to change a buyer's homework. Points sampled across the property return no incorporated place at all from the Census Bureau's boundary record, meaning the towers stand outside every municipality's limits, on Okaloosa County's unincorporated ground, and it is county rules that reach them rather than any city ordinance. The county's own city limits layer says the same thing, returning a single polygon coded unincorporated over every point of both site outlines. The ground between the towers and Choctawhatchee Bay belongs to somebody else. Sampled along the shortest line from each recorded site outline to the bay, every sample point lands on land recorded to a golf course company: a golf course parcel across the whole of the shorter corridor, and that same parcel together with a conservation parcel across the longer one. Not one sample point falls on this property's own ground or on its association's common area. The water is close, about 244 feet from the outline carrying 400 and 404 and about 348 feet from the outline carrying 408, but the outlook and any route to it cross another owner's title, so a bay view here is a view over land the association does not control. The flood record gives this ground no single answer. Read as coverage against each recorded outline rather than at a single sample point, about 27 percent of the 6.5 acre outline and about 20 percent of the 10.3 acre outline lie in Zone AE at a base flood elevation of 6 feet, which is a special flood hazard area, and the remainder is Zone X, part of it in the reduced-risk shaded band. That describes ground and not residences: the county draws every unit parcel here on the whole site's outline, including the association's own common area parcel, so its file cannot place an individual home in a flood zone at all. A unit's elevation certificate and a current determination from an insurer are what answer that.
HOA & Fees
Two document sets apply here and they are not interchangeable. The condominium association holds the three towers and, by the parcel roll, a common area parcel, though that parcel is not the ground between the buildings and the bay: a golf course company holds that. The surrounding Kelly Plantation neighborhoods are separately platted subdivisions recording their own instruments, so ask which of them, if any, levies an assessment on a unit here, and obtain that budget as well. Parking spaces, storage areas and golf cart spaces are written into the legal descriptions of the units themselves rather than titled as separate parcels, so ask which specific spaces a unit's legal description assigns and how the association handles a transfer of them. Height brings a statutory obligation with it: under Florida Statutes 553.899 in the 2026 compilation, a building of three habitable stories or more in height as determined by the Florida Building Code, held in whole or in part under the condominium form of ownership, owes a milestone structural inspection by the end of the year it turns thirty, dated from its occupancy certificate, and once a decade from then on. Thirty is the outer date rather than a settled one. Subsection (3)(b) lets the local enforcement agency require the report in the building's twenty-fifth year where local circumstances such as nearness to salt water warrant it, and these towers stand a few hundred feet from Choctawhatchee Bay. Because this ground is unincorporated, the enforcement agency is Okaloosa County rather than a city, so ask the county which clock it runs. With the county recording 2007 construction, that places the outer date in 2037 and the earlier date the county could require in 2032, and the association should be able to say where its schedule and its structural integrity reserve study stand today. Ask as well how the flood mapping across the site is reflected in the master insurance placement, since part of each recorded outline lies in a special flood hazard area.
Rental Policy
The governing jurisdiction here is not the one most buyers assume. The Census Bureau's place boundary returns no incorporated place at points sampled across this property, which leaves it on unincorporated ground under Okaloosa County alone, so Destin's short-term-rental registration and its list of eligible zoning districts do not reach these addresses at all. Okaloosa County's requirements and the condominium's recorded declaration are what govern instead. No reachable public record establishes what that declaration says about leasing or minimum stay length, and the previous claim that this is not a rental building rested on temperament rather than on any document. Nothing here should be taken as settling the question: read the recorded declaration for the specific unit, then confirm what Okaloosa County currently requires, before counting on any rental arrangement.
- Three towers at 400, 404 and 408 Kelly Plantation Drive
- Recorded levels reaching a seventeenth at two of the three towers
- 161 addressed residences on the county roll
- Golf course and conservation land between the towers and the bay
- Part of each site outline in a special flood hazard area
- Among the recorded Kelly Plantation subdivisions
Live Inventory
Active Listings at One Water Place

$1,199,000
400 Kelly Plantation Drive Unit 902
Destin, FL 32541

$1,175,000
400 Kelly Plantation Drive Unit 402
Destin, FL 32541

$1,749,000
404 Kelly Plantation Drive Unit 1008
Destin, FL 32541

$915,000
408 Kelly Plantation Dr Unit 410
Destin, FL 32541

$1,099,000
400 Kelly Plantation Drive Unit 401
Destin, FL 32541

$1,225,000
400 Kelly Plantation Drive Unit 303
Destin, FL 32541

$1,599,999
400 Kelly Plantation Drive Unit 1103
Destin, FL 32541
Building Answers
One Water Place FAQ
How many buildings are there at One Water Place, and how tall are they?
Three. The county's address layer records 400 Kelly Plantation Drive with 56 addresses and floors reaching a seventeenth level, 404 with 53 addresses reaching a sixteenth, and 408 with 54 addresses reaching a seventeenth. None of the three records a thirteenth floor, a numbering convention worth knowing before you compare a stated floor between buildings.
Is One Water Place inside the City of Destin?
No, and this surprises people. The Census Bureau's Incorporated Places layer returns no place at points sampled across the property, which puts these addresses in unincorporated Okaloosa County. The practical consequence is that county rules, not the city's ordinances or its rental registration program, are the ones to read.
Does the county's condominium parcel count match the number of homes at One Water Place?
Yes, and a common shortcut says otherwise. The county classes 161 parcels under this name as condominium, and all 161 are residences: each carries its own street address and its own recorded floor on the county's address layer. Seven of them read like parking because their legal description opens with the appurtenant parking spaces before naming the unit, and those seven are homes with recorded building values from $819,000 to $2.4 million. Nothing under this name is a separately titled parking space, storage unit or cart space. One parcel, the home numbered 203 at 400 Kelly Plantation Drive, is classed as common area and recorded to the association rather than to an owner.
Is One Water Place in a flood zone?
Partly, and the honest answer is about the ground rather than about any one home. Measured as coverage against each recorded site outline rather than at a single sample point, roughly 27 percent of the 6.5 acre outline and roughly 20 percent of the 10.3 acre outline fall in Zone AE at a base flood elevation of 6 feet, which is a special flood hazard area; the rest is Zone X, some of it in the reduced-risk shaded band. Two authorities agree on those shares, the county's published flood layer and FEMA's own national layer. The county cannot go finer than that, because it draws every unit parcel here on the whole site's outline, so no county record places an individual residence in a zone. For a specific unit, ask for its elevation certificate and a current determination from an insurer.
Sources
- Okaloosa County GIS: Parcels layer, the One Water Place identifier series (accessed August 23, 2026)
- Okaloosa County GIS: SiteAddress layer, all three Kelly Plantation Drive street numbers (accessed August 23, 2026)
- Florida Department of Revenue: statewide cadastral, the One Water Place identifier series (accessed August 23, 2026)
- Okaloosa County GIS: WaterBodies layer, distance to Choctawhatchee Bay (accessed August 23, 2026)
- Okaloosa County GIS: Parcels layer, the ground between the towers and the bay (accessed August 23, 2026)
- Okaloosa County GIS: FEMA Flood Insurance Rate Map zones over this site (accessed August 23, 2026)
- FEMA: National Flood Hazard Layer over this site (accessed August 23, 2026)
- Okaloosa County GIS: City Limits layer over this site (accessed August 23, 2026)
- US Census Bureau: Geocoder, Incorporated Places (accessed August 21, 2026)
- Florida Statutes 553.899, 2026 compilation: Mandatory structural inspections for condominium and cooperative buildings (accessed August 23, 2026)
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