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    Destin, FL Multifamily Properties for Sale

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    Duplex with Fenced Backyard
    Updated: Oct 23, 2025
    Duplex with Fenced Backyard

    619 Mimosa Avenue, Destin, FL 32541

    $609,000
    1,425 sqft
    Two‑bedroom, one‑bath duplex with long‑term tenants
    1,425 SF duplex on a brick structure built in 1973
    Fenced back yard
    Central heating and central air
    Washer/dryer hookup and electric water heater
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    This listing looks promising.

    Here's a quick look at some key insights for

    619 Mimosa Avenue, Destin, FL 32541

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    • Est. Cap Rate

      2.8%
      NOI ÷ price

    • Est. NOI

      $17K
      Annual

    • Price @ 7% Cap

      $246K
      Suggested

    • Property Type

      Duplex
      Built 1973
    View Property Analytics
    Renovated Duplex with Gulf Views
    Updated: Aug 20
    Renovated Duplex with Gulf Views

    1656 Scenic gulf Drive, Destin, FL 32550

    $3,200,000
    5,749 sqft
    Two matching three‑story residences, each with 4 bedrooms, 3 full bathrooms, and 1 half bathroom
    Extensively renovated in 2026, including kitchens, bathrooms, flooring, doors, fixtures, and exterior improvements
    Deeded beach access directly across Scenic Gulf Drive
    Gulf views from balconies on the second and third floors
    Fenced shared pool and updated paved driveway with on‑site parking
    View details
    Renovated Gulf-View Duplex
    Renovated Gulf-View Duplex

    1656 Scenic Gulf Dr, Destin, FL 32550

    $3,200,000
    5,749 sqft

    Two matching residences offer private balconies, shared pool access, and deeded beach access across Scenic Gulf Drive.

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    Renovated Mixed-Use Building
    Renovated Mixed-Use Building

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

    $4,495,000
    1.00 AC lot

    Combines independent retail and residential spaces within a two-story commercial configuration.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Crystal Beach Turnkey Beach House
    Crystal Beach Turnkey Beach House

    4453 Clipper Cv, Destin, FL 32541

    $1,049,000
    0.12 AC lot

    Turnkey beach house in Crystal Beach with strong rental income.

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    Renovated Home Near Emerald Coast
    Renovated Home Near Emerald Coast

    4779 Bonaire Cay, Destin, FL 32541

    $1,099,999
    0.19 AC lot

    Renovated 4-bedroom home near the beach, fully furnished.

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    Gulf Front Duplex in Destin
    Gulf Front Duplex in Destin

    3430 Scenic Highway 98, Destin, FL 32541

    $4,500,000
    0.37 AC lot

    Gulf-front duplex with renovation or new construction potential in Crystal Beach.

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    Spacious Vacation Rental in Destin
    Spacious Vacation Rental in Destin

    228 Kono Way, Destin, FL 32541

    $1,000,000

    Six-bedroom vacation rental in Villages of Crystal Beach.

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    Resort Home in Gated Community
    Resort Home in Gated Community

    210 W. Grand Ky, Destin, FL 32541

    $1,149,000

    Furnished 5-bedroom home in Villages of Crystal Beach.

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    Updated Gulf View Condo
    Updated Gulf View Condo

    1002 E Highway 98 #UNIT 810, Destin, FL 32541

    $550,000

    Updated 1BR condo with hall bunks and unobstructed Gulf views.

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

    220 Harbor Blvd, Destin, FL 32541

    Contact for pricing
    21,120 sqft 1.00 AC lot

    Renovated mixed-use building with retail and residential units.

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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.

    View details
    Based on your search, we've compiled 42 Potential Opportunities for your consideration. Besides 13 Active listings in Destin, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 21 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Remodeled Duplex with Screened Porch
    Remodeled Duplex with Screened Porch

    34 Meigs Drive, Shalimar, FL 32579

    $585,000
    1,760 sqft 0.55 AC lot

    Fully rented duplex with two 2-bedroom, 2-bath units and lake views, including a newly completed 2018 roof.

    View details
    Marina & Bay View Penthouse
    Marina & Bay View Penthouse

    9500 Grand Sandestin Boulevard #UNIT 2910, Miramar Beach, FL 32550

    $615,000

    Penthouse with panoramic marina and bay views in Sandestin.

    View details
    Baytowne Wharf Townhome with Bay Views
    Baytowne Wharf Townhome with Bay Views

    9201 Market Street Inn 167, Miramar Beach, FL 32550

    $699,000
    0.01 AC lot

    Turnkey vacation rental in Sandestin Golf and Beach Resort.

    View details
    Fort Walton Beach Multifamily Portfolio
    Fort Walton Beach Multifamily Portfolio

    32 7th Ave, Shalimar, FL 32579

    Contact for pricing

    Eight-property portfolio in Fort Walton Beach and Shalimar, Florida.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near 30A Beaches
    Land Near 30A Beaches

    W Hewett Lodge Lane lot: 21, Santa Rosa Beach, FL 32459

    $119,000
    0.42 AC lot

    Cleared lot near beaches, shops, and restaurants.

    View details
    Freeport Acreage for Custom Home
    Freeport Acreage for Custom Home

    1.9 Acres Red Barn Road, Freeport, FL 32439

    $450,000
    1.90 AC lot

    1.9+/- acre parcel ideal for building a dream home.

    View details
    Freeport Land Near Waterfront Park
    Freeport Land Near Waterfront Park

    75 Hankins Road, Freeport, FL 32439

    $200,000
    0.83 AC lot

    Land for sale near Grady Brown Waterfront Park and Boat Launch.

    View details
    Adjacent Wooded Residential Land Parcels
    Adjacent Wooded Residential Land Parcels

    117 Jolly Bay and 221 Johnson Road, Freeport, FL 32439

    $225,000
    0.73 AC lot

    Two adjacent wooded parcels offer City water availability and sewer at the road in a rural village zoning area.

    View details

    Off-Market Properties in Destin, FL

    Consider similar Off-Market properties in Destin, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2931 Scenic Hwy 98th, Unit 209
    BOARDING/ROOMING HOUSE

    2931 Scenic Hwy 98th, Destin, FL 32541-3597

    Unit 209
    $180,000
    Estimated value
    364 sqft 0.86 AC lot
    View details
    2931 Scenic Hwy 98th, Unit 206
    BOARDING/ROOMING HOUSE

    2931 Scenic Hwy 98th, Destin, FL 32541-3597

    Unit 206
    $180,000
    Estimated value
    364 sqft 0.86 AC lot
    View details
    2931 Scenic Hwy 98th, Unit 205
    BOARDING/ROOMING HOUSE

    2931 Scenic Hwy 98th, Destin, FL 32541-3597

    Unit 205
    $180,000
    Estimated value
    364 sqft 0.86 AC lot
    View details
    2931 Scenic Hwy 98th, Unit 210
    BOARDING/ROOMING HOUSE

    2931 Scenic Hwy 98th, Destin, FL 32541-3597

    Unit 210
    $245,000
    Estimated value
    364 sqft 0.86 AC lot
    View details
    2931 Scenic Hwy 98th, Unit 204
    BOARDING/ROOMING HOUSE

    2931 Scenic Hwy 98th, Destin, FL 32541-3597

    Unit 204
    $95,000
    Estimated value
    364 sqft 0.86 AC lot
    View details
    2931 Scenic Hwy 98th, Unit 207
    BOARDING/ROOMING HOUSE

    2931 Scenic Hwy 98th, Destin, FL 32541-3597

    Unit 207
    $285,000
    Estimated value
    364 sqft 0.86 AC lot
    View details
    2931 Scenic Hwy 98th, Unit 208
    BOARDING/ROOMING HOUSE

    2931 Scenic Hwy 98th, Destin, FL 32541-3597

    Unit 208
    $285,000
    Estimated value
    364 sqft 0.86 AC lot
    View details
    2931 Scenic Hwy 98th, Unit 104
    BOARDING/ROOMING HOUSE

    2931 Scenic Hwy 98th, Destin, FL 32541-3597

    Unit 104
    $285,000
    Estimated value
    364 sqft 0.86 AC lot
    View details
    2931 Scenic Hwy 98th, Unit 105
    BOARDING/ROOMING HOUSE

    2931 Scenic Hwy 98th, Destin, FL 32541-3597

    Unit 105
    $290,000
    Estimated value
    364 sqft 0.86 AC lot
    View details
    2931 Scenic Hwy 98th, Unit 102
    BOARDING/ROOMING HOUSE

    2931 Scenic Hwy 98th, Destin, FL 32541-3597

    Unit 102
    $290,000
    Estimated value
    364 sqft 0.86 AC lot
    View details
    2931 Scenic Hwy 98th, Unit 101
    BOARDING/ROOMING HOUSE

    2931 Scenic Hwy 98th, Destin, FL 32541-3597

    Unit 101
    $290,000
    Estimated value
    364 sqft 0.86 AC lot
    View details

    Destin, FL Multifamily Properties Market Trends and Statistics

    Explore 34 multifamily properties for sale in Destin, FL, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 75,163 square feet of properties for sale, with an estimated market value of $25,346,999.

    Sale prices for multifamily properties in Destin, FL start at $550,000, averaging $2,304,272, and reaching up to $4,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 6
    Apartment buildings 4
    Duplexes 4

    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 $1.4M

    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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    Most Searched ZIP Codes in Destin, FL

    • 32541
    • 32550

    Featured Destin Real Estate Agencies

    Realmo connects you with licensed Destin CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Somers &Company
    36164 Emerald Coast Parkway, Suite 8 Destin, FL 32541
    Phone: 18506547777
    www.somerscompany.com
    Keller Williams Realty Emerald Coast
    36008 Emerald Coast, 201 Destin, FL 32541
    Phone: 18506542900

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