One Water Place
Condos for Sale in Destin, FL
All 591 homes for sale in Destin, FL · median $639,000 · 346 condos for sale in Destin · 594 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 November 2026, One Water Place in Destin, FL has 6 homes for sale. 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. Homes listed or recently sold were built 2007–2007; 11 of 11 report an HOA (median $2,299/mo); none of the 11 geocoded homes sit in a FEMA special flood hazard zone (median elevation 32 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).
Last 30 days in One Water Place: 1 under contract right now, 2 closed sales (median $1,552,000). As of November 7, 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 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 · 149 daysTop listing
Active · 207 days
Active · 253 days
Pending · 205 daysActive and pending One Water Place listings as of 2026-11-06, 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.
Figures in this note are as of July 25, 2026. The live market numbers elsewhere on this page update nightly and are newer.
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 November 7, 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 7.4 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 (2026-11-07).
ONE WATER PLACE Market Scorecard
ONE WATER PLACE is currently a balanced market. About 5.1 months of supply, a median asking price of $1,149,000, and homes go under contract in about 207 days.
Typical home value in the 32541 ZIP is $619,416, about 36.8% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. 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 Destin High School · Homes zoned for Fort Walton Beach 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.
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. 5 on record.
- 400 Kelly Plantation Drive #303 · off market
- 400 Kelly Plantation Drive #Unit 1103 · off market
- 400 Kelly Plantation Drive #Unit 1601 · off market
- 404 Kelly Plantation Drive #1007 · 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, Golf |
| 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 · listed Jun 10, 2026 Courtesy of Scenic Sotheby's International Realty
- 400 Kelly Plantation Drive #UNIT 402 $1,149,000 · 3 bd · 2.5 ba · listed Apr 13, 2026 Courtesy of Luxury Estates Realty Group LLC
- 408 Kelly Plantation #410 $875,000 · 3 bd · 2.5 ba · listed Feb 26, 2026 Courtesy of Sanders Beach Realty LLC
Checked against the MLS nightly. All new listings in this market.
Every Home for Sale in One Water Place Right Now (4)
All 4 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 Aug 8, 2026 · listed by Scenic Sotheby's International Realty
- 400 Kelly Plantation Drive #Unit 402 · $1,149,000 · 3 bd / 2.5 ba · listed Aug 8, 2026 · listed by Luxury Estates Realty Group LLC
- 408 Kelly Plantation #410 · $875,000 · 3 bd / 2.5 ba · listed Aug 8, 2026 · listed by Sanders Beach Realty LLC
- 404 Kelly Plantation Drive #Unit 1008 · $1,749,000 · 3 bd / 3.5 ba · pending · listed Aug 8, 2026 · listed by Dassa Realty LLC
Recently sold in One Water Place
- 400 Kelly Plantation Drive #Unit 1103 · sold $1,555,000
- 404 Kelly Plantation Drive #1007 · sold $1,549,000
- 400 Kelly Plantation Drive #Unit 1601 · sold $975,000
Closed sales from the MLS; each page shows the sold price, taxes and value history.
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Destin guides & data
- Market data
- Best neighborhoods (ranked by data)
- Flood zones
- Property taxes (Okaloosa County)
- Homestead exemption (Okaloosa County)
- Home insurance cost
- New construction
- New construction (Okaloosa County)
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
- How to stop a foreclosure in Florida
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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.
- 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 November 2026.
- October 2026Infrastructure
Okaloosa outlines Gap Creek drainage projects and permitting hurdles in Fort Walton Beach
County staff described five stormwater efforts, including the Overbrook drainage work, a planned 2.67-acre Sylvania Heights stormwater park estimated at $4 million, and Lloyd Street and Mayflower Avenue improvements expected to go to bid in early 2027. Air Force environmental review and state and Army Corps permits for dredging complicate the timeline.
What it may mean for the marketPlanned drainage upgrades could reduce flooding exposure in the Gap Creek basin over time, though permitting delays mean relief is likely several years out. The project is about 5 miles west of One Water Place, elsewhere in Okaloosa County.
Source: Get The Coast - October 2026Retail & Dining
TJ Maxx to open 33,865-square-foot Destin store Nov. 1 at Paradise Key
The off-price retailer opens at 4437 Commons Drive East with a grand opening from 8 a.m. to 8 p.m. on Nov. 1. Regular hours run 9:30 a.m. to 9:30 p.m. daily, and the store sells apparel, accessories, jewelry, and home and beauty goods.
What it may mean for the marketA new national off-price anchor adds everyday shopping close to Destin's commercial corridor and may shorten trips for retail needs. The project is about 6 miles east of One Water Place, elsewhere in Okaloosa County.
Source: Get The Coast - October 2026Retail & Dining
7 Brew drive-thru coffee stand opens on Beal Parkway in Fort Walton Beach
The stand at 799 Beal Parkway opened Oct. 19 and is the chain's second in Fort Walton Beach. It is expected to add 75 local jobs, and an opening fundraiser raised $4,661 for an equine therapy nonprofit.
What it may mean for the marketA new drive-thru option along Beal Parkway adds early-morning and late-night food and beverage access and about 75 jobs nearby. The project is about 6 miles northwest of One Water Place, elsewhere in Okaloosa County.
Source: Get The Coast - 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 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
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.
What it really costs to own in One Water Place
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, 2026-11-07). |
|---|---|
| HOA dues | Median $2,227/month across 5 MLS listings (most billed monthly; 2026-11-07). Dues cover what the documents say they cover; ask for the budget and reserve study. |
| 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. |
Estimated carrying cost at the median asking price, before the mortgage: about $3,104/month (tax $657, HOA $2,227, insurance $220). An estimate from the sources above, not a quote.
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Ask an agent about One Water Place Condos for Sale
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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?
How do I find a top Destin real estate agent who knows One Water Place?
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: November 6, 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. A Momentum agent can 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
