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Destin, FL Apartment Buildings for Sale

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Miramar Beach, FL Shalimar, FL Fort Walton Beach, FL Freeport, FL Niceville, FL Valparaiso, FL Mary Esther, FL Santa Rosa Beach, FL
Renovated Mixed-Use Building
Updated: Dec 2, 2025
Renovated Mixed-Use Building

220 Harbor Blvd Unit 1-10, Destin, FL 32541

$4,495,000
1.00 AC lot
10 retail storefronts, each approximately 600 SF
10 two‑story apartments, each approximately 1,400 SF with 2 bedrooms and 2.5 baths
Separate access for each commercial and residential component
Nearly 1‑acre site with approximately 220' of Highway 98 frontage
56 parking spaces on site
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Harbor Village Mixed-Use Building
Updated: Aug 9, 2023
Harbor Village Mixed-Use Building

220 Harbor Blvd, Destin, FL 32541

Contact for pricing
21,120 sqft 1.00 AC lot
Prime location on Harbor Boulevard in Destin, benefiting from pedestrian traffic from a large public parking lot.
Consists of 10 commercial retail storefront units and 10 two‑story apartments, offering diverse income streams.
Each unit has separate deeds for the commercial and residential spaces, allowing for up to 20 tenants.
Recently renovated building, minimizing immediate maintenance costs.
South Harbor Mixed Use (SHMU) zoning provides flexible usage options.
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Mixed-Use Harbor Village Building
Mixed-Use Harbor Village Building

220 Harbor Boulevard Unit Units 1-, Destin, FL 32541

$4,495,000
20,000 sqft 1.00 AC lot

Renovated Harbor Village building includes 10 retail storefronts and 10 two-bedroom apartments with independent access.

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Harbor Village Mixed-Use Building
Harbor Village Mixed-Use Building

220 Harbor Blvd, Destin, FL

Contact for pricing
21,120 sqft 0.86 AC lot

Renovated mixed-use building with retail and residential units in Destin.

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Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Destin, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Income-Producing Six-Plex with Updates
Income-Producing Six-Plex with Updates

22 Bobolink Street Northeast, Fort Walton Beach, FL 32548

$820,000
2,816 sqft

Six-plex with long-term tenants and recent updates.

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Multifamily Property in Fort Walton
Multifamily Property in Fort Walton

14 NW Cape Drive #A-J, Fort Walton Beach, FL 32548

$1,050,000
0.32 AC lot

Ten-unit multifamily property with strong income stream near Gulf Coast.

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Turn-Key Condominium Building Investment
Turn-Key Condominium Building Investment

179 S County Hwy 393 #1, Santa Rosa Beach, FL 32459

$18,500,000
29.00 AC lot

Newly constructed, fully furnished 30-unit condominium building in Santa Rosa Beach.

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Turn-Key Condominium Investment Opportunity
Turn-Key Condominium Investment Opportunity

179 S County Hwy 393 #Building No. ONE, Santa Rosa Beach, FL 32459

$18,500,000
32,450 sqft 29.00 AC lot

Newly constructed, fully furnished 30-unit condominium building in Santa Rosa Beach, Florida.

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Destin, FL Apartment Buildings Market Trends and Statistics

Explore 4 apartment buildings for sale in Destin, FL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 62,240 square feet of properties for sale, with an estimated market value of $8,990,000.

Sale prices for two-family homes in Destin, FL average $4,495,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 27K
Population Growth (5Y) -2.5%
Median Household Income $94,001
College Educated 46.2%

High-Yield Neighborhoods for Investment

Identify Destin submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
32541 $1.8M

Taxes & Financing

Tax Rate (average for all types) 1.08%
Property Tax per SF $12.52 per SF
Tax Rate vs County Average 0.16 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Okaloosa County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Okaloosa County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Destin fall within the 10,000 to 25,000 square foot range.

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