Sandestin & Miramar Beach Real Estate Report (Q3 2023)

Let's dive into the market activity for the last quarter of 2023 for Sandestin and Miramar Beach.

Sandestin Highlights:

Number of Sales: 56

Average Sales Price: $850,000

Avg. Price per Square Foot: $575.14

Avg. Days on Market: 66

Percentage of List Price: 94%

Properties on Market: 223

Miramar Beach Insights (excluding Sandestin):

Number of Sales: 70

Average Sales Price: $703,000

Avg. Price per Square Foot: $515.71

Avg. Days on Market: 69

Percentage of List Price: 95%

The Numbers Game: The area of Miramar Beach saw a bit higher number of closed deals, with 70 sales, while Sandestin boasts a higher average sales price at $850,000.

Pricing Palette: Miramar…

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Celebrating Success: A Journey of Excellence in Real Estate at Sandestin

As we take a moment to reflect on success, it's with immense pride and gratitude that we share the remarkable achievements of our very own Karen Phillips, a true titan in the world of real estate. With an illustrious career spanning over 35 years in the heart of Sandestin, Karen stands as a beacon of excellence, setting new standards in the industry.

A Legacy of Excellence

Top Sales & Listing Agent, 2018-2023

The mark of a true leader is consistency, and Karen Phillips has exemplified this trait by being awarded the prestigious title of Top Sales & Listing Agent at Sandestin Real Estate for an astounding five years running - 2018, 2019, 2021, 2022, and 2023. This…

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Sandestin Real Estate is proud to have been voted the Best Residential Real Estate Group of 2023 by the esteemed readers of Emerald Coast Magazine, and it's all thanks to your unwavering support and trust in us.

This recognition holds a special place in our hearts, as it acknowledges our dedication to the craft and highlights the remarkable community we have the privilege of serving. Sandestin and its neighboring areas are truly a hidden gem along the Emerald Coast, offering a unique blend of natural beauty, modern amenities, and a welcoming community spirit.

Discovering Sandestin: A Gem Along the Emerald Coast Nestled in the heart of the stunning Emerald Coast, Sandestin is a place where the pristine beauty of white sandy beaches meets the…

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Sandestin Real Estate is Honored to be a Food Drive Team for Food For Thought Outreach's Mission.


As a prominent business in our local community, we at Sandestin Real Estate recognize the unique opportunity we have to be able to make a difference. Because we hold this commitment to give back to our community, we have once again partnered with Food for Thought Outreach, a non-profit organization that operates on the principle that no child should go hungry. Established in 2010 as a small family project to serve food to insecure children for one school year, Food For Thought has grown into the go-to organization fighting childhood hunger in Walton and Okaloosa Counties providing weekly access to over 3,000 food insecure school-aged children across 32…

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Sandestin Real Estate #1 Brokerage in Sandestin!

With much joy and pride, we'd like to share that we once again have secured the top spot as the number one brokerage with the most transactions and highest sales volume inside Sandestin Golf and Beach Resort.

Our brokerage has built a solid reputation as the go-to brokerage firm in Sandestin because of our commitment to exceptional service and unparalleled expertise. A key factor contributing to our brokerage's success is our team of highly skilled and experienced real estate professionals. A combined 200 + years of expertise in our tenured team is irreplaceable.

Our deep understanding of Sandestin Golf and Beach Resort's unique market dynamics, couple with our extensive knowledge of the local…

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For many of us, visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. If that sounds like you, now’s the time to think about your plans and determine if buying a vacation home this year makes more sense than renting one again. According to Forbes: “. . . if the idea of vacationing at the same place every year makes you feel instantaneously relaxed, buying a vacation home might be a wise move.”

To help you decide if making a move like this is right for you, let’s explore why you may want to consider purchasing a vacation home today. Benefits of Owning Your Vacation Home You don’t have to worry about finding a place to stay. It can be a challenge to find a rental where you want, when you want. Some summer…

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It isn’t every day that a 2400-acre beach-to-bay resort on Northwest Florida’s emerald coast turns fifty! Located in Florida’s panhandle on the peninsula right between Santa Rosa Beach and Destin, it shouldn’t be too hard to guess where the name Sandestin® came from. Today, Sandestin® may sit right in the middle of everything, but not so long ago, it felt more like a tropical outpost or an idyllic settlement at the edge of beachy civilization.

Bayviewsatdusk.sandestin

The Sandestin® as we know it today wasn’t always “destined” to be a world-class residential golf and beach resort. Let’s look at how it got here!

The land was originally purchased for crops and livestock, but during WWII the military requisitioned a large portion of the gulf side property to research…

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Did You Acquire Property in 2022?

You may be eligible for Tax Reduction Benefits!

Homestead Exemption:

You may qualify for substantial tax savings with the homestead exemption if you are a permanent Florida resident. This exemption is not automatically applied to your new home. As the new owner, you must apply for the exemption with the Property Appraiser’s office.

Homestead exemption could save you $500 - $1,000 each year. You can't rely on current taxes as an estimate following a change in ownership as these represented the seller’s taxes. The Assessed Value of your home resets to full Market Value in the year after you acquire the property, which could result in much higher taxes. Make sure to connect with a trusted real estate professional…

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There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.

In the latest Real Estate Forecast Summit, Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), drew the comparisons below between today’s housing market and the previous cycle:

There’s Opportunity in Real Estate Today And in today’s market, with inventory rising and less competition from other buyers, there’s opportunity right now.…

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Sandestin.floridaFlorida Still No. 1 for International Buyers!

About one in four (24%) international buyers opt for a home in Florida, finds Coldwell Banker study, compared to No. 2 California (11%) and No. 3 Texas (8%).  According to the Coldwell Banker International Buyers Guide, about one in fourof international buyers purchase a home in Florida. Percent of international buyers by state Florida: 24% California: 11% Texas 8% Arizona: 7% New York: 4% In 2022, the highest dollar volume among international buyers in the United States came from China, followed by Canada, India, Mexico, Brazil and Colombia. “Florida and Arizona tend to attract buyers from Latin America, Europe and Canada, who are looking to purchase properties in warm climates for vacation purposes,”…

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