Destin · Building Market Report
Seafarer Market Analytics
Every number a buyer, seller, or investor needs on one building: live inventory, closed-sale history, 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
5 units closed at Seafarer in the trailing 12 months at a median of $480,000, with a 99.2% median list-to-sale ratio. On the active side, 0 of 1 listings sit below original list price, and standing inventory works out to 2.4 months of supply at the current sales pace.
Seafarer's 29 homes are two products under one name: 14 residences numbered 101 through 114 at 760 square feet, 14 numbered 201 through 214 at 1,180, and one, unit 215, at 1,685. A building-wide median blends them, so split any comparison by unit group before reading it. With only 29 homes in total, a short period can hold a single closing from one group, and the lone 1,685 square foot residence has no twin to compare against. Every parcel shares one outline lying wholly in the coastal wave-action flood zone and one unresolved association record, so those factors will not separate one unit from another; level, size and condition will. Treat nearby buildings as context, not as substitutes.
Year-over-year figures compare the 12 complete calendar months from November 2025 through October 2026 with the 12 before them. That window can differ from the trailing totals above, which run day-precise through November 1, 2026 rather than by whole calendar months.
| Period | Value |
|---|---|
| 2022 | Sample too small |
| 2023 | No data |
| 2024 | $622K |
| 2025 | Sample too small |
| 2026 YTD | $480K |
| Period | Value |
|---|---|
| 2022 | Sample too small |
| 2023 | No data |
| 2024 | $605 |
| 2025 | Sample too small |
| 2026 YTD | $632 |
| Period | Value |
|---|---|
| Nov 24 | 1 |
| Dec 24 | 1 |
| Jan 25 | 0 |
| Feb 25 | 1 |
| Mar 25 | 0 |
| Apr 25 | 0 |
| May 25 | 0 |
| Jun 25 | 1 |
| Jul 25 | 0 |
| Aug 25 | 0 |
| Sep 25 | 0 |
| Oct 25 | 0 |
| Nov 25 | 0 |
| Dec 25 | 0 |
| Jan 26 | 0 |
| Feb 26 | 2 |
| Mar 26 | 1 |
| Apr 26 | 0 |
| May 26 | 1 |
| Jun 26 | 0 |
| Jul 26 | 0 |
| Aug 26 | 1 |
| Sep 26 | 0 |
| 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. Their last 12 months are the window the year-over-year figures compare.
Based on information from ECAR for the period November 2, 2021 through November 1, 2026.
From the active file
One unit is on the market at Seafarer today:
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.
The investor file
| Typical acquisition (median, 12 mo) | $480,000 |
|---|---|
| Middle-half range (25th-75th pct, 9 priced sales / 24 mo) | $480,000 - $726,000 |
| Median price, 2024 to 2026 | -22.8% ($622,000 to $480,000) |
| Average sale price (12 mo) | $559,980 |
| Sales volume, trailing 12 months | $2,799,900 |
| Sale price range, trailing 12 months | $455,000 - $899,900 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 1 BR | 1 | 4 | $477,000 |
| 2 BR | 0 | 1 | Sample too small |
Based on information from ECAR for the period November 2, 2021 through November 1, 2026.
What similar rentals earn nearby
$215/night
Average Daily Rate
Trailing 12 months, average across City of Destin condos, studio to 2 bedrooms
56%
Occupancy
Guest, owner and held nights over calendar nights, across City of Destin condos, studio to 2 bedrooms
50 nights
Owner Use
Owner and maintenance nights per rental, trailing 12 months, across City of Destin condos, studio to 2 bedrooms
$88 to $318
Monthly Rate Range
Average nightly rate by month, lowest in January, highest in July
1828
Rentals Tracked
Units in City of Destin condos, studio to 2 bedrooms
5 nights
Average Stay
60 days
Booking Window
Average lead time before arrival
Market data by Key Data · 1828 similar rentals tracked (City of Destin condos, studio to 2 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 Seafarer. 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: 1 of 1 active listings discloses"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 2, 2021 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?
5 units closed at Seafarer in the trailing 12 months, from $455,000 to $899,900. 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 Seafarer?
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, Okaloosa parcels in series 002S22308A (accessed October 17, 2026)
- Florida Division of Corporations, name search for Seafarer Condominium Association (accessed October 17, 2026)
- FEMA National Flood Hazard Layer, zones intersecting the building outline (accessed October 17, 2026)
- Census TIGERweb incorporated places, point on the building outline (accessed October 17, 2026)
- City of Destin short-term rental questions (accessed October 17, 2026)
- 2026 Florida Statutes, section 553.899 (accessed October 17, 2026)