Florida is paradise in the making with its tropical temperatures, Gulf Coast beaches, and endless entertaining activities. Whether you're looking for a getaway vacation home or an additional asset to your growing wealth, Destin luxury homes are exquisite properties with all the top amenities you could want for your second home. Located on the Florida panhandle, Destin is well known for its pristine Gulf Of Mexico beaches, five-star golf courses, and the incomparable Destin Harbor Boardwalk. In addition, Destin is known as "the world's luckiest fishing village" because its beaches lie at the edge of the Continental Shelf. As a result, it is an excellent spot to fish for blackfin tuna, grouper, amberjack, and king mackerel.
The city is also known for its fantastic golf courses! Some premier favorites include Indian Bayou Golf and Country Club, Kelly Plantation Golf Club, Regatta Bay Golf and Yacht Club, Sandestin Golf Resort, and Emerald Bay Golf Club. In addition to world-class golf amenities, Destin also offers magnificent museums and unique shopping opportunities, such as The Zoo Gallery, Redbird Art Experience, and the Magnolia House. Finally, of course, a trip to Crab Island is always popular. The water attraction, famous for its emerald green waters, floating bars, and challenging obstacle courses, has been featured on HGTV and Good Morning, America.
Are you interested in rubbing elbows with the Hollywood elite? Destin has also become a first (and second!) home to many celebrities, including favorites like Britney Spears, Keith Urban, Chef Emeril Lagasse, and actor Matthew McConaughey.
The Destin real estate market currently has approximately 839 homes ready to sell. There are a variety of styles to choose from, including extravagant mansions, spectacular condos, and breathtaking beachfront homes. Your local real estate agent will be able to direct you to the perfect property that aligns with your desires for an affluent second estate. Once you've determined your dream Destin luxury home, follow our tips below to guarantee a smooth and easy transaction for buying your ideal second house.
Securing your second home
1. Ask yourself why you want a second home
2. Hire a local realtor
Even if you've been vacationing in Destin for ages, you'll still want a realtor who knows the area and can provide you with the insider scoop. In addition, a local agent can familiarize you with the local real estate market and help you find that ideal luxury Destin property.
3. Know all the costs associated with a second home
As in your first home, a second home carries a list of necessary expenses. Homeowner's insurance, utilities, and maintenance are the three main costs. Still, it would help if you also considered vacancy (the cost of the home as it sits vacant) and travel (the price of traveling from your current home to your second home regularly).
4. Determine your loan options
5. Apply for a second home mortgage
The requirements for a second home mortgage are often more stringent than for a first home mortgage. The debt-to-income ratio is lower, and the minimum credit scores are higher. Also, you will likely have to make a larger down payment than you did with your first house. It is essential to compare lenders. Know the mortgage rates and refinancing rates or Florida.