Revenue Projections for Vacation Rental Condos in and around Destin

Revenue Potential for a Destin Condo Rental

The revenue potential of Destin condo rental can vary greatly depending on the location, age of the resort and condition of the condo itself. At Jade East Towers, a Gulf-front condominium resort in Destin which features two- and three-bedroom units, ranges from $75,000 to $118,000. This Gulf-front condominium features attractive amenities including a Gulf-front pool and whirlpool, a tennis court, a grilling station, picnic tables, and a clubhouse. In 2022, the average three-bedroom condo earned $118,950 while the average two-bedroom generated $75,275. In 2023, the average three-bedroom condo is projected to earn $95,033 and the average two-bedroom condo is projected to generate $76,247. (Note: The condition of the rental, location, and market conditions can greatly impact a rental's revenue potential.) 

Revenue Potential for a Miramar Beach Condo Rental

As with Destin rentals, the revenue potential for a vacation rental in Miramar Beach can vary greatly. At Mediterranea along Scenic 98 and within walking distance to Pompano Joe’s restaurant with private beach access ranges from $47,000 to $78,000 annually for a two-bedroom rental. Mediterranea features lush landscaping, a large pool (heated seasonally), a whirlpool, a fitness center, a clubhouse, and underground parking. In 2022, one of the top-producing two-bedroom rentals grossed $78,885 while the lowest-grossing two-bedroom condo earned $50,543. In 2023, after the market correction, the highest grossing two-bedroom is projected to earn $67,496 while the lowest-producing rental is projected to generate $47,784. 

Revenue Potential for a 30A Condo Rental

For those who have dreamed of owning a vacation rental off popular Scenic Highway 30A will want to weigh the option of selecting a master-planned community such as Seaside with a quiet neighborhood such as Grayton or Blue Mountain Beach. Those who opt for the latter may want to consider Sanctuary at Redfish in Blue Mountain Beach or San Remo in Santa Rosa Beach. Sanctuary at Redfish is a luxury condominium resort located on approximately 14-acres overlooking one of South Walton's rare coastal dune lakes and features four separate pools, two Jacuzzis, a large fire pit, two outside grills, and private pool cabanas. With three and four-bedroom units rental projections vary greatly. For example, a top-producing 3-bedroom, first-floor unit grossed $51,294 in 2022, and is projected to gross $39,280 in 2023. (Note: Be sure to review all HOA rules before making a purchase. At Sanctuary at Redfish, HOA rules require a minimum of 4-night stays--greatly impacting income by not allowing weekend rentals.) At San Remo, a gated, condominium resort near Gulf Place, the top-producing 3-bedroom condo earned $67,308 while the top-producing two-bedroom earned $61,024 in 2022. In 2023, the three-bedroom is projected to earn $63,505 and the two-bedroom is projected to generate $60,859.

Vacation Rentals

It is important to note that these are simply projections based on top-producing vacation rentals at a variety of luxury condominiums along the Emerald Coast. These income levels can vary greatly by year depending on market conditions and current events. Buyers will want to request a projection from a reputable vacation rental company for a specific condo before making a purchase. Click here to view condominiums for sale.  

Not ready to purchase a condo yet? View our premier vacation rentals online, including rentals at the above resorts, or call one of our friendly vacation specialists at 1-800-225-7652 to find the perfect rental for your group.  

See you @ the beach!