Fort Walton Beach · Building Market Report
Destin West Beach & Bay Resort Market Analytics
Every number a buyer, seller, or investor needs on one building: live inventory, closed-sale history, rental benchmarks, and the neighborhood around it - 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
9 units closed at Destin West Beach & Bay Resort in the trailing 12 months at a median of $525,000, with a 96.3% median list-to-sale ratio. On the active side, 13 of 26 listings sit below original list price, and standing inventory works out to 34.7 months of supply at the current sales pace.
A single median for this campus averages six condominiums, four completion years and two shorelines, so it moves without anything real changing underneath it. The beach half owns ground that reaches the Gulf, with no separately owned parcel recorded between it and the water, and carries 131 of the 318 units; the bay half carries the other 187 with no Gulf frontage of any kind, so a beachfront comparison drawn for the whole resort misprices most of it. Flood mapping cuts across the campus rather than along it: every bay filing sits inside an AE special flood hazard area, at 9 feet under Pelican and Sandpiper and 10 under Osprey, with Heron split between both, while the beach filing's addressed units read outside that hazard area even though its own seaward ground is mapped VE at 13 and 16 feet. Building age spans four years, so inspection deadlines and reserve studies land at different times for each association. Compare only within one filing at a time.
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 | Sample too small |
| 2024 | Sample too small |
| 2025 | $577K |
| 2026 YTD | $525K |
| Period | Value |
|---|---|
| 2022 | Sample too small |
| 2023 | Sample too small |
| 2024 | Sample too small |
| 2025 | $469 |
| 2026 YTD | $439 |
| Period | Value |
|---|---|
| Nov 24 | 0 |
| Dec 24 | 0 |
| Jan 25 | 0 |
| Feb 25 | 0 |
| Mar 25 | 2 |
| Apr 25 | 1 |
| May 25 | 1 |
| Jun 25 | 2 |
| Jul 25 | 1 |
| Aug 25 | 1 |
| Sep 25 | 0 |
| Oct 25 | 3 |
| Nov 25 | 0 |
| Dec 25 | 1 |
| Jan 26 | 1 |
| Feb 26 | 0 |
| Mar 26 | 0 |
| Apr 26 | 1 |
| May 26 | 2 |
| Jun 26 | 0 |
| Jul 26 | 2 |
| Aug 26 | 0 |
| Sep 26 | 2 |
| 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
26 units are on the market at Destin West Beach & Bay Resort today - a sample of the current file:
$529,900
1515 Miracle Strip Parkway Unit G403
Fort Walton Beach, FL 32548
$735,000
1515 Miracle Strip Parkway Unit 612
Fort Walton Beach, FL 32548
$599,000
1515 Miracle Strip Parkway Unit 613
Fort Walton Beach, FL 32548
$799,000
1328 Miracle Strip Parkway Unit L2
Fort Walton Beach, FL 32548
$444,777
1515 Miracle Strip Parkway Unit 205
Fort Walton Beach, FL 32548
$519,999
1322 Miracle Strip Parkway Unit L08
Fort Walton Beach, FL 32548
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) | $525,000 |
|---|---|
| Middle-half range (25th-75th pct, 20 priced sales / 24 mo) | $465,750 - $725,000 |
| Median price, 2025 to 2026 | -9.0% ($577,000 to $525,000) |
| Average sale price (12 mo) | $585,000 |
| Sales volume, trailing 12 months | $5,265,000 |
| Sale price range, trailing 12 months | $270,000 - $935,000 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 1 BR | 17 | 3 | $500,000 |
| 2 BR | 2 | 1 | Sample too small |
| 3 BR | 6 | 5 | $720,000 |
1 of today's active listings (studios or listings without a recorded bedroom count) appears in the headline count but not in these rows.
Based on information from ECAR for the period November 2, 2021 through November 1, 2026.
What similar rentals earn nearby
$219/night
Average Daily Rate
Trailing 12 months, average across Okaloosa County condos, studio to 2 bedrooms
56%
Occupancy
Guest, owner and held nights over calendar nights, across Okaloosa County condos, studio to 2 bedrooms
46 nights
Owner Use
Owner and maintenance nights per rental, trailing 12 months, across Okaloosa County condos, studio to 2 bedrooms
$84 to $326
Monthly Rate Range
Average nightly rate by month, lowest in January, highest in June
2749
Rentals Tracked
Units in Okaloosa County condos, studio to 2 bedrooms
5 nights
Average Stay
62 days
Booking Window
Average lead time before arrival
Market data by Key Data · 2749 similar rentals tracked (Okaloosa County 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 Destin West Beach & Bay Resort. 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: 23 of 26 active listings disclose"Short Term Rental - Allowed". Always verify the association's current policy.
The neighborhood: Waterscape
Destin West Beach & Bay Resort sits in or beside the Waterscape Census neighborhood - the area figures below describe that neighborhood, not this building alone.
Neighborhood Data
Waterscape at a Glance
1,018
Properties
$452K
Median Home Value
87%
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. Rental benchmarks are market-segment aggregates from Key Data - never figures for a specific unit. Neighborhood figures are LiveBy area estimates built on the U.S. Census American Community Survey.
Why is there no list of individual sold units?
9 units closed at Destin West Beach & Bay Resort in the trailing 12 months, from $270,000 to $935,000. 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 Destin West Beach & Bay Resort?
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
- 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. 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
- Okaloosa County IGIS: Parcels layer, the six recorded condominiums by identifier series plus the bay-side common area (accessed August 23, 2026)
- Okaloosa County IGIS: Water Bodies layer across this campus (accessed August 23, 2026)
- Okaloosa County IGIS: Zoning layer at this campus (accessed August 23, 2026)
- Okaloosa County IGIS: City Limits layer at this campus (accessed August 23, 2026)
- Okaloosa County: Okaloosa Island Protective Covenants and Restrictions (accessed August 21, 2026)
- Okaloosa County IGIS: FEMA flood layer, every mapping recorded under this campus (accessed August 23, 2026)
- FEMA National Flood Hazard Layer: the point this page stores (accessed August 23, 2026)
- Florida Statutes 553.899: mandatory structural inspections (accessed August 21, 2026)
- Okaloosa County: short-term rental information for owners (accessed August 21, 2026)
- Okaloosa County IGIS: WaterBodies layer (28), re-run in full today (accessed September 28, 2026)
- Okaloosa County IGIS: the one WaterBodies feature, read as geometry rather than queried spatially (accessed September 28, 2026)
- Okaloosa County IGIS: Coastal Construction Control Line (layer 42) against the beach-side filing's own recorded parcel (accessed September 28, 2026)
- Okaloosa County IGIS: Parcels layer (11), no recorded owner south of the beach-side filing, and parcel to parcel separation (accessed September 28, 2026)
- Florida Department of Revenue statewide cadastral: tried today as the brief's alternative geometry method (accessed September 28, 2026)