Destin · Neighborhood Market Report
Old Bay
Every number a buyer, seller, or investor needs on one neighborhood: live inventory and closed-sale history - refreshed monthly from MLS data.
Inventory updated daily · Sale statistics updated September 27, 2026 · Next statistics update early October 2026
How Old Bay is trading
9 homes closed in Old Bay in the trailing 12 months at a median of $219,000, with a 92.8% median list-to-sale ratio. On the active side, 1 of 1 listings sits below original list price, and standing inventory works out to 1.3 months of supply at the current sales pace.
Old Bay takes two variables out of a sales comparison: the county gives every townhouse the same 2005 build year, and it puts each of the 56 townhouse lots at roughly 1,650 to 1,700 square feet. With land area and build year that close to constant, neither will account for a gap between two townhouse sales, so line up the living area and bedroom count each listing reports first. Then set the 24 townhouses of the southernmost row, Lots 33 through 56, apart from the other 32: on the replat's second sheet, the northern edge of the Gulf Power easement is dashed through the south end of every one of those lots. The 18 condominium units are a third set, compared unit against unit, and a buyer should ask for the condominium's current budget and reserve schedule before reading a lower asking figure as a bargain.
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 27, 2026 rather than by whole calendar months.
| Period | Value |
|---|---|
| 2022 | $337K |
| 2023 | $235K |
| 2024 | Sample too small |
| 2025 | $315K |
| 2026 YTD | $200K |
| Period | Value |
|---|---|
| 2022 | $230 |
| 2023 | $224 |
| 2024 | Sample too small |
| 2025 | $204 |
| 2026 YTD | $182 |
| Period | Value |
|---|---|
| Sep 24 | 0 |
| Oct 24 | 0 |
| Nov 24 | 0 |
| Dec 24 | 0 |
| Jan 25 | 1 |
| Feb 25 | 1 |
| Mar 25 | 0 |
| Apr 25 | 1 |
| May 25 | 0 |
| Jun 25 | 0 |
| Jul 25 | 0 |
| Aug 25 | 0 |
| Sep 25 | 0 |
| Oct 25 | 1 |
| Nov 25 | 0 |
| Dec 25 | 1 |
| Jan 26 | 1 |
| Feb 26 | 1 |
| Mar 26 | 1 |
| Apr 26 | 0 |
| May 26 | 1 |
| Jun 26 | 0 |
| Jul 26 | 1 |
| Aug 26 | 0 |
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 28, 2021 through September 27, 2026.
From the active file
One home is on the market in Old Bay today:
The investor file
| Typical acquisition (median, 12 mo) | $219,000 |
|---|---|
| Middle-half range (25th-75th pct, 12 sales / 24 mo) | $197,500 - $303,750 |
| Median price, 2022 to 2026 | -40.7% ($337,000 to $200,000) |
| Average sale price (12 mo) | $239,000 |
| Sales volume, trailing 12 months | $2,151,000 |
| Sale price range, trailing 12 months | $167,000 - $321,000 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 2 BR | 0 | 5 | $200,000 |
| 3 BR | 1 | 4 | $307,500 |
Based on information from ECAR for the period September 28, 2021 through September 27, 2026.
Rental rules on the MLS today: 0 of 1 active listings disclose“Short Term Rental - Allowed”; 1 discloses it is not allowed. Always verify current rules with the association or county before purchasing with rental income in mind.
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 28, 2021 through September 27, 2026.
Why is there no list of individual sold homes?
9 homes closed in Old Bay in the trailing 12 months, from $167,000 to $321,000. MLS rules do not allow individual sold listings to be displayed publicly, so this page shows area-level statistics only - ask us for the street-by-street sold review 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 in Old Bay?
We track this neighborhood's sales, inventory, and rules every month - get the full picture before you commit.
- MLS market data (ECAR) - updated September 27, 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 27, 2026.
Sources
- City of Destin: Old Bay Townhomes of Destin plat, Plat Book 21, pages 49 and 50 (accessed September 24, 2026)
- Okaloosa County GIS parcel layer: Old Bay Townhomes and Old Bay Condo records (accessed September 24, 2026)
- Florida Division of Corporations: Old Bay Condominium Owners' Association, Inc. (accessed September 24, 2026)
- City of Destin: Zoning page, linking the City of Destin Interactive Zoning Map (accessed September 24, 2026)
- City of Destin Zoning Factsheet: ROI-VR (last updated September 2, 2026) (accessed September 24, 2026)
- City of Destin: Short Term Rentals frequently asked questions (accessed September 24, 2026)