100 Beach Drive 2,3,4,7,8,9, Destin, FL 32541

$2,500,000
Property Type: Commercial for Sale Status: Pending
Current Price: $2,500,000 List Date: 11/26/2025 Last Modified: 12/14/2025

Description

Owning six units at Beach Lofts in Destin gives investors a rare chance to secure immediate cash flow in one of the most consistent rental markets along the Emerald Coast. Four of the six units are already leased at an average of $2,900 per month, which means income starts on day one with clear potential for rent growth as demand continues to rise. Buyers also have the flexibility to purchase fewer units if desired, with six being the maximum available in this bulk offering. Each townhome offers approximately 1,758 square feet of thoughtful design beginning with an open main level where a spacious family room flows to the covered patio through double doors.

Supplements: The kitchen brings plenty of appeal with white cabinetry, stainless steel appliances, and a large island with seating. A half bath completes the main level. Upstairs, all three bedrooms are well appointed including a large primary suite with a window seat, walk-in closet, and private ensuite with double vanity, tile shower, and water closet. The secondary bedrooms share a hall bath with a double vanity and shower/tub combo, and both bedrooms open directly onto an upstairs covered patio overlooking the pool  a feature renters love. Location is another standout. Beach Lofts sits close to Destin Commons, HarborWalk Village, and the emerald waters Destin is known for. Transportation is effortless with quick access to Highway 98 providing seamless connectivity to nearby communities and major conveniences. With an HOA of $975 dollars per quarter and average insurance of $2,200 dollars per unit, operating costs remain attractive while the long term upside stays solid. This is a clean, well positioned multi unit opportunity built for steady returns and future appreciation.

More Information MLS# 990398

None

Current Price: $2,500,000

Status Change Info

Status: Pending Under Contract Date: 2025-12-07

Contract Info

GCCMLS Number: 43905167 List Date: 2025-11-26 List Price: $2,500,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 14 - Destin Street #: 100 Street Name: Beach Street Suffix: Drive State: FL Zip Code: 32541 County: Okaloosa Parcel ID: 00-2S-22-7007-0000-0040

General Property Info

Listed on GCCMLS: Yes CAM: 975 CAM Per: Quarter

Multi-Family

Year Built: 2023 # of Units: 6 Price P/Unit: 416667 Net Operating Income: 124425 Cap Rate: 4.98

Property Features

Class: Multi-Family Construction Status: Existing
Listing Office: Compass
Last Updated: December - 14 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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