Living in Destin Florida Pros and Cons 2022

Are you contemplating the idea of moving to the beautiful coastal town of Destin, Florida? In this guide, updated for 2022, we'll provide an in-depth exploration of the pros and cons of living in Destin. Whether you're seeking a more affordable destination or a vibrant coastal lifestyle, this article aims to assist you in making an informed decision about your potential relocation to Destin.

Locating Destin

An Introduction to This Coastal Gem

Situated on Florida's Emerald Coast, Destin is a picturesque destination that captivates visitors and potential residents alike. Nestled between Pensacola and Panama City Beach, Destin offers a unique blend of charm and attractions. While it may not be the most densely populated area, it certainly shines as a top tourist attraction. With approximately 14,482 permanent residents, Destin becomes a bustling hub during the spring and summer seasons, alluring people with its exquisite beauty and attractions.

Let's dive into the pros and cons of making Destin your new home.

Cons

1. Traffic

One of the persistent challenges in Destin is traffic congestion. Despite the passage of time, the issue remains unresolved. The infrastructure in the western part of Destin struggles to manage the high volume of traffic. While improvements have been made to expand the roads, traffic congestion remains a concern. To navigate this, residents often rely on GPS apps like Waze and Google Maps to estimate travel times more accurately.

2. Housing Prices

For those looking to purchase homes in Destin, the real estate market might present a financial challenge. The median price for a single-family home or townhouse in Destin is approximately $718,750. The price range can vary significantly, spanning from $101,000 for more modest homes to an astounding $10 million for luxurious beachfront properties.

3. Aircraft Noise

The presence of both an executive airport and a military base close to Destin can result in aircraft noise. While the executive airport primarily accommodates commercial airlines like Delta and American, the military base sees regular air activities, including jet fighters and cargo planes. This can lead to noticeable jet noise in the area.

4. High Taxes

Florida, generally considered a low-tax state, may not live up to that reputation in Destin. Property taxes in Destin can be relatively high, ranging from an average of $2,751 per year to around $4,100 per year, depending on the property's assessed value. The Homestead Exemption, available after a year of residency, can provide some relief, but it takes time to take effect.

5. Short-Term Rental Restrictions

Short-term rental restrictions exist within the city of Destin. These regulations impact property investors and real estate portfolio builders. Understanding the restrictions can significantly influence investment strategies, making it essential to research specific areas and their limitations.

6. Cobra Zones

Destin includes areas designated as Coastal Barrier Resource System (CBRS) and Cobra Zones. These zones were created to protect against erosion and flooding, but their application in Destin isn't entirely aligned with these goals. Property in a Cobra Zone, even if it's not prone to flooding, might face challenges related to insurance and loan options. Prospective buyers should be aware of these restrictions.

Pros

1. Short-Term Rental Opportunities

One of the prominent advantages of living in Destin is the opportunity to engage in short-term rentals. This appeals to property investors and provides a path to generate income. The median price for Gulf-front condos in Destin is approximately $519,000, offering a wide range of options for rental property investment.

2. Shopping and Dining

Destin provides an array of shopping and dining experiences, catering to residents and visitors alike. With destinations like the Destin Commons outdoor mall, a wide variety of eateries, and high-quality shopping outlets, you'll find plenty of options to explore.

3. Abundance of Activities

Whether you're seeking family-friendly activities or vibrant nightlife, Destin has it all. From water parks to go-kart tracks, the area offers a rich tapestry of experiences. The HarborWalk Village even features a zip line and numerous family attractions.

4. Easy Beach Access

Living in Destin means you'll have easy access to the pristine beaches of the Emerald Coast. With beaches like Norriego Point, Henderson Beach, Okaloosa Island, Miramar, and 30A all within reach, you'll have a selection of stunning coastline to enjoy.

5. Diverse Communities

Destin offers a mix of private gated communities and open neighborhoods. This diversity allows residents to find a community that suits their preferences. Whether you're looking for the exclusive feel of a gated community or the warmth of an open neighborhood, Destin has the right setting for you.

6. Varied Flood Zone Designations

Not all areas in Destin are located in flood zones. In fact, many areas in Destin are not flood-prone. It's essential to consult with a real estate professional to determine if a property falls into a flood zone and what impact that designation might have on your insurance and financing options.

Living in Destin, Florida offers numerous advantages and some unique challenges in 2022. Whether you're considering the warm climate, pristine beaches, or the potential for real estate investment, Destin has much to offer. However, high traffic, housing costs, noise, and restrictions should also factor into your decision. Research and careful consideration are crucial to making an informed choice about relocating to Destin. If you have any questions or need further information, please don't hesitate to reach out to us at 850.204.4416 or via email at Admin@WhittemoreGroupRE.com.