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Destin is one of few places in the United States that can get away with using the motto “Welcome to Paradise.” A staple of Florida’s Emerald Coast, Destin is warmly regarded for its white beaches and beautiful green waters. These beaches make Destin a popular tourist destination, hosting an estimated 3.5 million visitors per year. Condominiums started being developed in the 1970s, and Destin began to experience rapid growth in the 1980s. Destin’s modest population of 12,000 increases to 40,000 during the tourist season, which is a good indicator of the sizeable impact visitors have on the local economy. Destin’s real estate market is characterized by a large number of single family homes and few high-rise apartment buildings. The homeownership rate in Destin is just under 80%, and Destin continues to be a buyer’s market, making it a great time to purchase a home in paradise.
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