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Updated about 8 years ago on . Most recent reply

User Stats

73
Posts
13
Votes
Aundrea Newbern
  • Investor
  • St. Simons Island GA
13
Votes |
73
Posts

Destin FL condo purchase for rental

Aundrea Newbern
  • Investor
  • St. Simons Island GA
Posted

Hi everyone,

I'm looking to purchase a condo in Destin. I want to rent it out short term so it is available for my use as well. I don't know much about the market yet but the prices seem extremely cheap. Is this normal and where do other costs come into play as far as taxes, insurance, etc.? Any advice on the general market and why prices seem so low, would be great. Thanks in advance.

Most Popular Reply

User Stats

16
Posts
8
Votes
Peter Mohylsky
  • Real Estate Professional
  • Destin, FL
8
Votes |
16
Posts
Peter Mohylsky
  • Real Estate Professional
  • Destin, FL
Replied

Prices of Investment properties here in Destin are near the bottom of the historical range, having recovered from the boom and bust of recent years.  Low interest rates makes it a very good time to purchase.  Having a condo here makes perfect sense if you really do enjoy the beach life style.  There are some fine points that we need to discuss before you take the plunge but that is why you work with a professional active in the local market.  Check out my web site for more information. your bucketlistbroker

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