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    2974 Scenic Highway 98 Destin, FL 32550

    For Sale
    $10,995,000

    Luxury Gulf-front retreat in Destin, completed in 2024.

    Building Details

    Year built
    2024

    Source: Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Gulf-Front Luxury Retreat

    The property at 2974 Scenic Hwy 98 is a three-story Gulf-front retreat completed in 2024. The property offers 9,912 square feet under roof. It features six bedrooms and seven bathrooms. The property provides Gulf views from every floor.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Destin
    County
    Walton
    State
    Florida
    Longitude
    -86.4252794
    Latitude
    30.382159

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    FAQs

    What type of property is this?
    Hotel - Luxury Gulf-front retreat in Destin, completed in 2024.
    Where is this hotel located?
    The property is located at 2974 Scenic Highway 98 Destin, FL.
    What is the asking price?
    The asking price for this property is $10,995,000.
    What are key features of this property?
    This property features: - New construction completed in 2024.; - Gulf-front property with **breathtaking Gulf views from every floor.**; - **Luxurious retreat with 9,912 square feet under roof.**
    (850) 710-2114
    Request Owner's contact information
    2974 Scenic Highway 98 Destin, FL 32550
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    Destin, FL 32550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2974 Scenic Highway 98 Destin, FL 32550
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