Terra Cotta Terrace
Homes for Sale in Destin, FL
All 605 homes for sale in Destin, FL · median $629,000 · 603 homes for sale in 32541 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Emerald Coast MLS
As of October 2026, Terra Cotta Terrace in Destin, FL has 7 homes for sale and 1 pending, asking from $724,900 to $1,450,000 (median $1,065,000). Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $950,000, a median 50 days on market, sellers accepting 97% of original asking (+17% versus the prior year). Homes listed or recently sold were built 1991–2025 with 1 new construction; none of the 12 geocoded homes sit in a FEMA special flood hazard zone (median elevation 26 ft). At the median price and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $12,250 ($11,740 with the full homestead exemption).
Last 30 days in Terra Cotta Terrace: 1 under contract right now, 1 closed sale (median $1,055,000). As of October 17, 2026, Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate.
Homes For Sale Right Now in Terra Cotta Terrace
Live MLS inventory for Terra Cotta Terrace. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active · 38 daysTop listing
Active · 46 days
Active · 36 days
Active · 206 days
Active · 142 days
Active · 277 days
Active · 96 days
Pending · 238 daysActive and pending Terra Cotta Terrace listings as of 2026-10-17, priced high to low. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Terra Cotta Terrace is a small, built-out pocket in Destin — 48 homes total, with construction spanning 1991 to 2019 and a median build year of 1995. What sets price here is condition and updates, not square footage games: at a median around 2,354 sq ft and a median price near $937K, you are paying Destin coastal-proximity money for homes that in many cases are three decades old. Expect the spread between a dated original and a renovated one to be wide, and let condition — not a list price — anchor your read.
The market posture leans firm. Prices are up 15.5% year over year, median days on market sit at 39, and only a handful of closings back the current picture against 8 active listings. That is a thin, price-sensitive market: one or two sales move the needle. Sellers have momentum but not a blank check at 39 days; buyers should underwrite each home individually rather than trust the trend line.
Terra Cotta Terrace right now
🟢 Buyer-leaning market. 32.0 months of supply and 11% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Emerald Coast MLS records, as of September 20, 2026. Confidence: Medium (9 active and pending listings, 3 closed sales in 12 months).
🟢 Still climbing. The trailing-12-month median ($950K) is up 17.1% from the prior 12 months ($811K). With about 4 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Emerald Coast MLS closed sales, 12-month windows ending September 20. Confidence: Low (3 and 3 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 18, 2026 · Live data: Emerald Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Terra Cotta Terrace market snapshot (as of September 20, 2026): the median sale price is about $950K, a median 50 days on market for closed sales, and 32.0 months of supply, a buyer-leaning market. The trailing-12-month median is up 17% from the prior 12 months, computed from record-level Emerald Coast MLS closed sales (3 closings in the current window).
In ZIP 32541 (Destin), 790 homes closed in the last 12 months at a median of $730K ($199/sq ft), down 1.9% year over year, with a median 96 days on market. Right now 488 active and 65 pending listings put supply at about 9.0 months — a soft market. See the live ZIP 32541 housing market and the Okaloosa County market.
County records show 6 qualified sales in TERRA COTTA TERRACE across 2024–2025 (4 in 2024, 2 in 2025), median $1.10M — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Terra Cotta Terrace is a community of 48 homes in Destin, Okaloosa County, built between 1991 and 2019 (median 1995.0), with a median living area of about 2,354 square feet. 16% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
A compact, fully established enclave of 48 homes near the Destin coast, where most of the housing stock predates 2000 and pricing is driven far more by how a home has been maintained and updated than by its footprint.
The setting & the homes.
Aerial and on-site photos of Terra Cotta Terrace. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Terra Cotta TerraceTerra Cotta TerraceTerra Cotta TerraceTerra Cotta TerraceTerra Cotta TerraceTerra Cotta TerraceTerra Cotta TerraceTerra Cotta TerracePhotos from Emerald Coast MLS listings in Terra Cotta Terrace; content deemed reliable but not guaranteed.
Who Terra Cotta Terrace is best for.
Best for
- Second-home buyers wanting a Destin base and comfortable underwriting a home near the mid-$900s median
- Buyers willing to take on an older home and budget for updates in exchange for the location
- Investors comfortable with a lower owner-occupied share and Destin holding costs
Probably not for
- Buyers set on new or near-new construction rather than 1990s-era stock
- Anyone who wants gated amenities, a pool, or community facilities on site
- Buyers who need a deep bench of recent comps to feel confident on price
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Emerald Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($950K) IS the median in the snapshot above, and the move from 2025 ($811K) IS the +17.1% one-year change.
Windows contain 1 to 9 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
11% of homes for sale in ZIP 32541 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-10-18).
Terra Cotta Terrace Market Scorecard
Terra Cotta Terrace is currently a buyer-leaning market. About 32.0 months of supply, a median asking price of $969,950, and homes go under contract in about 96 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Emerald Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Terra Cotta Terrace on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Emerald Coast MLS. Map data © OpenStreetMap contributors.
Schools
- Okaloosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Destin · Elementary
- Destin · Middle
- Fort Walton Beach · High
Zoned schools reflect the assignments reported on recent Terra Cotta Terrace listings and can change; always confirm with Okaloosa County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Terra Cotta Terrace address.
Shop the zone: Homes zoned for Fort Walton Beach High School · Homes zoned for Destin High School
The Terra Cotta Terrace buying strategy.
If we were buying in Terra Cotta Terrace today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Terra Cotta Terrace.
A small, condition-driven market
With 48 homes and a build range that ends in 2019 but medians out at 1995, Terra Cotta Terrace is essentially built out. That scarcity cuts both ways: inventory turns over rarely, so the 8 active listings represent a meaningful share of the community, and comparable sales are limited enough that the median near $937K should be read as a marker, not a formula. No community amenities show up in current MLS listings, so you are buying the house and the location, not a shared package of features.
The low homestead share — about 16% — tells you a large portion of these homes are not owner-occupied as a primary residence, which fits a Destin second-home and investment pattern. For a buyer, that means motivation and holding costs vary widely seller to seller. For a seller, it means your competition is uneven, and a genuinely updated home at a median size around 2,354 sq ft can separate itself quickly at 39 days on market.
The location and the amenities are priced into every listing in Terra Cotta Terrace. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Terra Cotta Terrace buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (5.0). Basis: Recent Direction +17.1% year-over-year; Liquidity & Demand 32.0 months of supply; Owner Commitment 16% owner-occupied; Pricing Power 97.3% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a market this small, the comps are thin and every closing matters. We read each listing on its own merits — age, updates, and how it stacks against the last few sales — instead of leaning on a median that a single transaction can move. That is the difference between overpaying for a dated home and recognizing a renovated one that is worth the number.
Terra Cotta Terrace in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Terra Cotta Terrace buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Terra Cotta Terrace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Terra Cotta Terrace, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Terra Cotta Terrace home worth?
Get a no-obligation home value based on real comparable sales in Terra Cotta Terrace, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Destin →
Recently off market in TERRA COTTA TERRACE
Homes in TERRA COTTA TERRACE that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 2 on record.
- 106 Terra Cotta Way · off market
- 56 Terra Cotta Way · off market
| Location | Destin, Okaloosa County, FL · ZIP 32541 |
|---|---|
| Homes in the community | 48 (FL DOR 2025 assessment roll) |
| Years built | 1991–2019 (median 1995.0) |
| Typical living area | 2,354 sq ft (median) |
| Home types (current listings and sales) | detached single family 100% |
| Amenities listed by sellers | Pool, Tennis Court(s), Deed Access, Short Term Rental - Allowed, Beach, Community Room |
| Sale prices, last 12 months | $950,000 median across 3 closed sales · +17.1% vs the prior 12 months |
| Days on market (closed sales) | 50 median |
| For sale right now | 8 active, 1 pending · median asking $969,950 · 32.0 months of supply |
| Owner-occupied (homestead) share | 16% |
Data as of September 20, 2026. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Terra Cotta Terrace key facts,” movewithmomentum.com/neighborhoods/terra-cotta-terrace, data as of September 20, 2026.
Housing distress & ownership in TERRA COTTA TERRACE, Destin
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
Just listed in Terra Cotta Terrace
The newest homes for sale in Terra Cotta Terrace right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 4768 Calatrava Court $1,279,900 · 4 bd · 3.5 ba · 36 days on market Courtesy of Scenic Sotheby's International Realty
- 4773 Calatrava Court $1,450,000 · 4 bd · 3 ba · 38 days on market Courtesy of Keller Williams Realty Destin
- 48 Terra Cotta Way $1,299,000 · 4 bd · 4 ba · 46 days on market Courtesy of Destin Legacy Real Estate Llc
- 4761 Calatrava Court $724,900 · 2 bd · 2 ba · 96 days on market Courtesy of Dream Destin Realty PLLC
- 110 Terra Cotta Way $874,900 · 3 bd · 3.5 ba · 142 days on market Courtesy of EXP Realty LLC
- 54 Terra Cotta Way $1,065,000 · 4 bd · 4 ba · 206 days on market Courtesy of Keller Williams Realty Destin
Checked against the MLS Oct 18, 2026. All new listings in this market.
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Streets in this community
Street-level pages: every home on record, what sold and what is for sale on each street.
- Terra Cotta Way (26 homes on record)
- Calatrava Court (10 homes on record)
Email me new listings in Terra Cotta Terrace
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Terra Cotta Terrace
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Terra Cotta Terrace will answer, and the answer is published on this page for the next buyer.
Frequently Asked Questions
What is the median home price in Terra Cotta Terrace?
How long do homes in Terra Cotta Terrace take to sell?
Is Terra Cotta Terrace a buyer's or seller's market right now?
How many homes are in Terra Cotta Terrace?
What share of Terra Cotta Terrace is owner-occupied?
When were the homes in Terra Cotta Terrace built?
Who is the best real estate agent for Terra Cotta Terrace?
How do I find a top Destin real estate agent who knows Terra Cotta Terrace?
Can Momentum Realty connect me with an agent for Terra Cotta Terrace?
Where is Terra Cotta Terrace, and what county is it in?
Should you buy in Terra Cotta Terrace?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Emerald Coast MLS, refreshed twice daily (last: October 17, 2026) |
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32541)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 1994 (58 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Emerald Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Emerald Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how TERRA COTTA TERRACE fits the bigger picture — live prices, inventory, and Momentum Scores:
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More on Terra Cotta Terrace
- Home values · What homes in Terra Cotta Terrace actually sell for