One Water Place
Condos for Sale in Destin, FL
All 605 homes for sale in Destin, FL · median $629,000 · 605 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, One Water Place in Destin, FL has 5 homes for sale and 2 pending, asking from $875,000 to $1,749,000 (median $1,199,000). Over the 12 months ending 2026-09-20, 5 recorded sales closed at a median of $1,250,000, a median 89 days on market, sellers accepting 85% of original asking (-14% versus the prior year). Homes listed or recently sold were built 2007–2007; none of the 12 geocoded homes sit in a FEMA special flood hazard zone (median elevation 27 ft). At the median price and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $16,120 ($15,610 with the full homestead exemption).
Homes For Sale Right Now in One Water Place
Live MLS inventory for One Water Place. 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 · 185 daysTop listing
Active · 299 days
Active · 256 daysActive · 126 days
Active · 184 days
Active · 230 days
Pending · 173 daysActive and pending One Water Place listings as of 2026-10-14, 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.
One Water Place is a small, concentrated market — just 9 active listings against 8 recent closings — so price here is driven less by broad averages and more by the specifics of the individual unit: its condition, its outlook, and how it stacks up against the handful of directly competing listings at any given moment. The median sits at $1,525,000, but with a pool this thin, don't read that number as a fixed benchmark. It moves with what happens to be on the market.
The posture right now is measured. Median days on market runs to 73, and the heat score of 38 tells you this is not a market that rewards urgency or bidding wars. Sellers should price to the current comparable set and expect to wait; buyers have room to be selective and time to do diligence. The 14.4% year-over-year move and 123% appreciation since 2012 show real long-term strength, but the slow present pace means neither side should feel rushed.
One Water Place right now
🟢 Buyer-leaning market. 14.4 months of supply and 14% 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 (7 active and pending listings, 5 closed sales in 12 months).
🔴 Off the recent peak. The trailing-12-month median ($1.25M) is down 14.2% from the prior 12 months ($1.46M) and up 108% since 2012. With about 6 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 (5 and 8 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 16, 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
One Water Place market snapshot (as of September 20, 2026): the median sale price is about $1.25M, a median 89 days on market for closed sales, and 14.4 months of supply, a buyer-leaning market. The trailing-12-month median is down 14% from the prior 12 months and up 108% since 2012, computed from record-level Emerald Coast MLS closed sales (5 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.
One Water Place is a community of 21 homes in Destin, Okaloosa County, built between 2000 and 2024 (median 2013.5), with a median living area of about 5,811 square feet. 71% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
One Water Place is a compact, high-end Destin market where inventory and sales volume are both low, so the character of any given deal is set by the specific unit far more than by community-wide trends.
The setting & the homes.
Aerial and on-site photos of One Water Place. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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One Water PlacePhotos from Emerald Coast MLS listings in One Water Place; content deemed reliable but not guaranteed.
Who One Water Place is best for.
Best for
- Long-hold buyers comfortable at a seven-figure price point who prize a proven appreciation track record
- Selective buyers who want time to do diligence and negotiate rather than compete on speed
- Sellers willing to price to the current comparable set and wait out a roughly two-month median timeline
Probably not for
- Budget-conscious buyers who need a lower entry point than a mid-seven-figure median implies
- Buyers who require a defined set of on-site community amenities, since none surface in current listings
- Sellers or buyers needing a fast close in a hot, high-turnover market
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 ($1.25M) IS the median in the snapshot above, and the move from 2025 ($1.46M) IS the -14.2% one-year change.
Windows contain 2 to 11 sales each (5 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 (2026-10-15).
One Water Place Market Scorecard
One Water Place is currently a buyer-leaning market. About 14.4 months of supply, a median asking price of $1,212,000, and homes go under contract in about 230 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.
One Water Place 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
- Destin · High
Zoned schools reflect the assignments reported on recent One Water Place 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 One Water Place address.
Shop the zone: Homes zoned for Fort Walton Beach High School · Homes zoned for Destin High School
The One Water Place buying strategy.
If we were buying in One Water Place 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 One Water Place.
A thin market at a high price point
With 9 listings active and only 8 closings in the tracked window, One Water Place trades in small numbers. That has two consequences. First, the median price of $1,525,000 is a snapshot of a narrow sample, not a reliable floor or ceiling — the spread within the community is driven by condition, floor position, and view, none of which the median captures. Second, a single well-priced sale or a single overpriced holdout can meaningfully skew what the numbers appear to say. Read individual comparables, not just the aggregate.
No community amenities surface in current MLS listings, so if that matters to you, treat it as something to verify directly rather than assume. The appreciation record is the standout data point: up 14.4% year over year and 123% since 2012. That is a strong long-term trend, but past movement is history, not a forecast, and the current 73-day median pace signals a market that is patient rather than hot.
The location and the amenities are priced into every listing in One Water Place. 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 One Water Place 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 5 factors (3.4). Basis: Long-Term Appreciation +108% since 2012; Recent Direction -14.2% year-over-year; Liquidity & Demand 14.4 months of supply; Owner Commitment 71% owner-occupied; Pricing Power 84.8% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a market this thin, the aggregate numbers mislead more than they guide. We work the individual comparables — condition, position, and view differences that the median hides — so sellers price to what is actually competing and buyers know when a listing is fair or a reach. With a 73-day median pace, timing and negotiation matter more than speed, and that is where honest local reads earn their keep.
One Water Place in 15 seconds.
What it really costs to own in One Water Place Condos for Sale
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $7,883/yr across 3 listings here (MLS tax records, 2026-10-16). |
|---|---|
| Home and flood insurance | The average Citizens Property Insurance premium in Okaloosa County is $2,644/yr (1,101 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 2007 across 5 listings. An original roof here would be about 19 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
Email me new listings in One Water Place Condos for Sale
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 One Water Place Condos for Sale
Have a question about the homes, fees, rules or commute here? A Momentum agent who works One Water Place Condos for Sale will answer, and the answer is published on this page for the next buyer.
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 One Water Place 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 One Water Place sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in One Water Place, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your One Water Place home worth?
Get a no-obligation home value based on real comparable sales in One Water Place, 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 ONE WATER PLACE
Homes in ONE WATER PLACE 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.
- 400 Kelly Plantation Drive #Unit 1601 · off market
- 408 Kelly Plantation Drive #Unit 411 · off market
| Location | Destin, Okaloosa County, FL · ZIP 32541 |
|---|---|
| Homes in the community | 21 (FL DOR 2025 assessment roll) |
| Years built | 2000–2024 (median 2013.5) |
| Typical living area | 5,811 sq ft (median) |
| Home types (current listings and sales) | condos 100% |
| Amenities listed by sellers | Community Room, Elevators, Exercise Room, Game Room, Gated, Pool |
| Sale prices, last 12 months | $1,250,000 median across 5 closed sales · -14.2% vs the prior 12 months |
| Days on market (closed sales) | 89 median |
| For sale right now | 6 active, 1 pending · median asking $1,212,000 · 14.4 months of supply |
| Owner-occupied (homestead) share | 71% |
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, “One Water Place key facts,” movewithmomentum.com/neighborhoods/one-water-place, data as of September 20, 2026.
Housing distress & ownership in ONE WATER PLACE, 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 One Water Place
The newest homes for sale in One Water Place right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 400 Kelly Plantation Drive #902 $1,199,000 · 3 bd · 2.5 ba · 128 days on market Courtesy of Scenic Sotheby's International Realty
- 400 Kelly Plantation Drive #UNIT 402 $1,160,000 · 3 bd · 2.5 ba · 186 days on market Courtesy of Luxury Estates Realty Group LLC
- 404 Kelly Plantation Drive #Unit 1008 $1,749,000 · 3 bd · 3.5 ba · 187 days on market Courtesy of Dassa Realty LLC
- 408 Kelly Plantation #410 $875,000 · 3 bd · 2.5 ba · 232 days on market Courtesy of Sanders Beach Realty LLC
- 400 Kelly Plantation Drive #303 $1,225,000 · 3 bd · 3 ba · 258 days on market Courtesy of Watersound Real Estate
Checked against the MLS Oct 16, 2026. All new listings in this market.
Every Home for Sale in One Water Place Right Now (7)
All 7 active and pending One Water Place listings with a detail page, newest first, refreshed twice a day from the MLS.
- 400 Kelly Plantation Drive #902 · $1,199,000 · 3 bd / 2.5 ba · listed Jul 27, 2026 · listed by Scenic Sotheby's International Realty
- 400 Kelly Plantation Drive #Unit 402 · $1,160,000 · 3 bd / 2.5 ba · listed Jul 16, 2026 · listed by Luxury Estates Realty Group LLC
- 404 Kelly Plantation Drive #Unit 1008 · $1,749,000 · 3 bd / 3.5 ba · listed Jul 16, 2026 · listed by Dassa Realty LLC
- 408 Kelly Plantation #410 · $875,000 · 3 bd / 2.5 ba · listed Jul 16, 2026 · listed by Sanders Beach Realty LLC
- 400 Kelly Plantation Drive #303 · $1,225,000 · 3 bd / 3 ba · listed Jul 16, 2026 · listed by Watersound Real Estate
- 400 Kelly Plantation Drive #Unit 1103 · $1,599,999 · 3 bd / 3.5 ba · listed Jul 16, 2026 · listed by Mainsail Realty Company
- 404 Kelly Plantation Drive #1007 · $1,549,000 · 3 bd / 3.5 ba · pending · listed Jul 16, 2026 · listed by The Premier Property Group
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- ZIP 32541 housing scorecard
Streets in this community
Street-level pages: every home on record, what sold and what is for sale on each street.
- Kelly Plantation Drive (3 homes on record)
Recent Developments in One Water Place
Development, infrastructure, retail, and school activity affecting One Water Place, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Parks & Amenities
Okaloosa and Cinco Bayou open upgraded boat ramp with new trailer parking
Okaloosa County and the Town of Cinco Bayou held a ribbon cutting for upgraded boat ramp facilities, including 16 new boat trailer parking spaces, a new restroom and landscaping. The $4.1 million total, funded largely by tourism development funds, also covers the $2.95 million purchase of a former bank building at 198 Eglin Parkway NE. Future dock improvements are planned.
What it may mean for the marketAdded trailer parking and ramp access improve waterfront recreation access for Fort Walton Beach area boaters. The project is about 5 miles west of One Water Place, elsewhere in Okaloosa County.
Source: Get The Coast - September 2026Civic
Okaloosa commissioners reject 12-month data center moratorium 3-2
Okaloosa County commissioners voted 3-2 on September 15 against a 12-month data center moratorium. On September 3 the board unanimously directed staff to develop a regulatory framework for data centers, with an outline due within 60 days. No specific project or site was proposed, and commissioners discussed protecting the Shoal River Industrial Park.
What it may mean for the marketThe pending rules will shape where large power-and-land-intensive facilities can locate in the county, including industrial land near Crestview. The project is about 24 miles north of One Water Place, elsewhere in Okaloosa County.
Source: Get The Coast - September 2026Parks & Amenities
Destin and Okaloosa County agree on management of 4-acre Holiday Isle state park
Destin and Okaloosa County unanimously agreed to back Destin as manager and developer of the roughly four-acre state-acquired park on Holiday Isle near Norriego Point. In return, Destin council voted 5-2 to offer free parking to all Okaloosa County residents at city-owned lots and parks. The deal still requires state Board of Trustees and DEP review.
What it may mean for the marketManagement of the Holiday Isle park and city parking rules will affect public waterfront access and parking in Destin. The site is about 1 mile southeast of One Water Place.
Source: Get The Coast - June 2026Civic
DeSantis signs state budget with funding for Okaloosa County projects
Governor DeSantis signed the state budget that included roughly $15 million for 20 Okaloosa County projects, among them $5 million for the Northwest Florida State College Workforce Innovation Center in Niceville, $1.5 million for Shalimar Bridge Park, and $3 million for Destin road and drainage work. About $7.26 million in other local requests were vetoed.
What it may mean for the marketDirects state funding toward workforce, park, road, and drainage infrastructure across Okaloosa County, supporting public facilities and capacity in Niceville, Shalimar, and Destin. The site is about 9 miles north of One Water Place.
Source: Get The Coast - May 2026Development
Okaloosa commissioners approve master plan for 392-lot River Park subdivision in Crestview
Okaloosa County commissioners unanimously approved the master plan for River Park, a 392 lot single family subdivision on 263 acres east of Main Drive and north of Airport Road in Crestview. The project by River Park Landing LLC will be built in three phases, with each phase requiring a separate development order approval.
What it may mean for the marketAdds substantial single family housing supply to the Crestview market and phases new residential construction onto a large tract in north Okaloosa County. The project is about 26 miles north of One Water Place, elsewhere in Okaloosa County.
Source: Get The Coast - May 2026Infrastructure
Okaloosa County opens $212M Southwest Crestview Bypass
Okaloosa County opened the $212 million Southwest Crestview Bypass, a 3.5 mile four lane corridor connecting Antioch Road to State Road 85 with access from U.S. Highway 90. The project includes a 1,713 foot bridge, sidewalks, a multi use path, and direct access to the new Pineview K-8 school opening in August 2026.
What it may mean for the marketAdds a major four lane traffic corridor serving southwest Crestview and expands regional road capacity for surrounding growth in north Okaloosa County. The project is about 22 miles north of One Water Place, elsewhere in Okaloosa County.
Source: Get The Coast
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
What is the median home price in One Water Place?
How long do homes in One Water Place take to sell?
Is One Water Place a buyer's or seller's market right now?
How many homes are in One Water Place?
What share of One Water Place is owner-occupied?
When were the homes in One Water Place built?
Have One Water Place home prices gone up?
Who is the best real estate agent for One Water Place?
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Can Momentum Realty connect me with an agent for One Water Place?
Where is One Water Place, and what county is it in?
Is One Water Place a good place to live?
Should you buy in One Water Place?
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 14, 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 (1 streets, ZIP 32541)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2007 (114 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?
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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 ONE WATER PLACE fits the bigger picture — live prices, inventory, and Momentum Scores:
More on One Water Place Condos for Sale in Destin
- Home values · What homes in One Water Place Condos for Sale in Destin actually sell for
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