Destin is Among the Best Cities to Own Vacation Rental Property

As many re-imagine their future, the thought of purchasing a vacation home has emerged. The next question is “where?” While there are many tourist-friendly destinations with varying appeal, ranging from big cities to majestic mountains to beaches to vineyards, the beach naturally attracts tourists of all ages. The beach strikes a nice balance between your personal enjoyment and as a rental revenue generator. Owners can gather with their family and friends during the slower months and rent their property when it is in high demand among vacationers during the peak seasons.

If earning a strong return on your investment as well as enjoying your rental during the off-season are priorities, you may want to consider a rental property at the beach. While there are many beach options in Florida, the beaches of South Walton and Destin, Florida offer great appeal for vacationing families. Word is getting out that Destin is a “hot spot” for vacation homeownership. Ranked #18 among the “Best Touristy Towns to Own Rental Property”, Destin draws vacationing families who crave time together in an outdoor, scenic setting that combines salt air, sand, sunshine and the sea. The ranking is the result of GOBankingRates.com analysis, which combined U.S. News & World Report's "Best Places to Visit in the USA" rankings, "Best Family Vacations in the USA" and "Best Romantic Getaways", to create a list of 47 top vacation destinations in the U.S. These touristy towns then were analyzed in terms of median monthly rental revenue and average daily rental rate for properties in each place, sourced from AirDNA. The ranking was developed based on cumulative scores.

Ranking at #18. Destin, Florida was profiled for having the following features: 

• Attraction(s): Henderson Beach State Park, Destin Harbor Boardwalk, Crab Island, Big Kahuna's Water and Adventure Park
• Median monthly rental revenue: $3,671
• Average daily rental rate: $271

Destin is recognized as the world’s luckiest fishing village with one of the largest commercial and charter fishing fleets in the nation. With white-sand beaches, the Destin Harbor, water sports, state parks and trails, and attractions, Destin is a premier vacation destination attracting thousands of visitors each year. The benefits of owning a Destin vacation rental are extensive. Learn more online and view recent listings here or call one of our experienced Destin real estate professionals at 850-837-1071.  

Not ready to purchase your piece of paradise? Plan your next Destin vacation by viewing our premier collection of Destin vacation rentals online or call one of our local vacation specialists at 1-800-225-7652.

See you @ the beach.

Published on Monday, July 5, 2021