Boom to bust – that’s how the real estate industry seems to have went. This applies to Gulf Coast beach resort towns like Destin and South Walton, with foreclosures up for sale and many beach front properties being auctioned off. But unlike many cities hit by the real estate boom, Destin, and the rest of the towns on the Gulf Coast, are vacation towns that thrive on tourism. As Destin has been rising to a premier vacation destination due to its clear emerald-colored waters and white sands, the tourism and vacationers have increased, as well. Even with the current state of the economy, Destin continues to grow as a premier vacation destination. Located in Destin, both Five Star Gulf Rentals and Josh McLean Homes offers many rental and foreclosed properties which are the subject of this blog, as well as real estate news in Destin and other Gulf Coast towns like South Walton.

     Both upsides and downsides of the current real estate market are to be found in Destin. The upside includes rental properties in Destin and surrounding communities which have been on the ascent since the start of 2009. As more properties become more affordable and the area offers many attractions, Destin has seen its rental properties more than double this past year. Aside from the picturesque view of the ocean, Destin and the Gulf Coast offer many entertainment, dining, and shopping options, and the combination of the beach and activities continues to attract renters to the area for a week’s vacation. As this aspect of real estate is on the ascent, what will the future hold for Destin’s rental market?

     Both Five Star Gulf Rentals and Josh McLean homes cover all aspects of the local real estate market. In addition to featuring local rental properties in our blog, we plan to also feature foreclosed properties in Destin and surrounding towns. As the real estate collapse has lowered prices and put several foreclosed homes up for sale at a fraction of the original price, purchasing a permanent residence or beach house in Destin or South Walton is an affordable option, whether you plan to move into the area or are looking for a vacation house in Florida.