As we welcome in the warmth of Spring, we’re beginning to notice that the weather isn’t the only thing heating up in South Walton. The luxury home market is gaining momentum with new listings and increased sales.
New Listings Over $2 Million
The Emerald Coast has seen a lot of growth in luxury home sales. From Destin and Miramar Beach to the Easternmost end of Scenic 30A, we are seeing lots of new and exciting inventory.
17 New Luxury Home Listings Since February 12th
Average List Price – $3,559,706
Average Price per Square Foot – $734/sf
Highest List Price – 768 Blue Mountain Rd, Blue Mountain Beach offered at $7,925,000
Scenic Hwy 30A in South Walton is world-renowned for its collection of luxury coastal communities. From Alys Beach to Seaside and WaterSound to WaterColor, there is no shortage of luxury homes to choose from for every taste and budget. Here are a few of the newest additions to the market:
This new luxury listing in Watercolor has everything the most discriminating luxury home buyer could desire. At over 4,000sf with 5 bedrooms, 4 full and 1 half bath, 11 Park Row Ln has plenty of room for large or multiple families. It was built in 2013 and features a gourmet kitchen with stainless steel appliances, exquisite furnishings, and 120ft lakefront with Gulf views from the private rooftop balcony.
Step out your back door and put your toes in the sand! 701 Eastern Lake Rd is a fantastic property situated at the water’s edge. This Gulf front coastal retreat is affectionately named “Dolphin Watch I” for its breathtaking views of dolphins at play in its back yard. The 2nd and 3rd floors are identical units that can be used separately to maximize rental income, accommodate a large family gathering, or allow you to enjoy living on the beach while still generating rental income. 701 Eastern Lake Rd in Eastern Lake Estates generates approximately $75,000 in rental income per year.
Most Expensive Sold/Under Contract this Month
March was a productive month for luxury home sales in South Walton. From Destin to the East end of 30A, 3 properties went under contract and 6 more sold since February 12th.
Luxury Homes Under Contract Volume – $8,899,000
Average Price/SF Under Contract – $668
Luxury Homes Sold Volume – $20,705,000
Average Sold Price/SF – $919
2012 Coastal Living Magazine’s ”Ultimate Beach House” in Rosemary Beach went under contract this month. This Lew Oliver Design and Benecki Homes of Atlanta constructed home was awarded by Coastal Living Magazine to be it’s 2012 Ideal Beach House. A truly one of a kind home with amazing interior and exterior features for the whole family. This 5,000 square foot home has very high-end finishes with 4 bedrooms, 4 baths, 2 half baths, a 4-bunk room and features a home theatre, exercise room, summer kitchen with a massive 50′ pool and private courtyard. This is truly a resort compound within Rosemary Beach.
A masterpiece of design and architecture by Domin Bock Architects, this elegant courtyard style home with main house and carriage house is fused with an eclectic arrangement of tiles, white-washed lathed wood walls and white oak hardwood floors throughout. A spacious lot allows entry from the Boardwalk into the contiguous Courtyard featuring a heated Pool, outdoor Kitchen and outdoor Fireplace.