One Water Place at Kelly Plantation
Homes for Sale in Destin, FL

This is a high-price, low-volume enclave in Destin where inventory is scarce and time on market is long — meaning both sides negotiate against very few comparables.

Emerald Coast MLS sales records identify 18 homes in ONE WATER PLACE AT KELLY PLANTATION that have changed hands since 2014, built between 2006 and 2007 (median 2007), with a median living area of about 3,008 sq ft and a typical 3-bedroom, 2.5-bath layout; 100% are condominiums. Source: Emerald Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

One Water Place at Kelly Plantation is too small for its own price trend, so here is the market around it.

In ZIP 32541, 635 homes are on the market and 11% are under contract — a slower corner of Destin.

Across Okaloosa County, 1,691 homes are active and 403 pending (19% under contract).

In ZIP 32541 (Destin), 150 homes closed in the last 12 months at a median of $740K ($199/sq ft), down 17.6% year over year, with a median 103 days on market. Right now 190 active and 16 pending listings put supply at about 15.2 months — a soft market. See the live ZIP 32541 housing market and the Okaloosa County market.

ZIP and county figures describe the wider market, not One Water Place at Kelly Plantation specifically. Momentum Research analysis of MLS records.

• Destin · Elementary
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Zoned schools reflect the assignments reported on recent One Water Place at Kelly Plantation 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 at Kelly Plantation address.

The defining trait here is scarcity paired with a long clock. With just 2 active listings and only a handful of recent closings, there is very little to triangulate against, and the 107-day median tells you units do not turn quickly. That combination rewards precise pricing and punishes wishful pricing — an overpriced listing can sit for months before it corrects.

The 16.4% year-over-year decline is real, but in a market this small it reflects mix and condition as much as broad direction. No specific community amenities surface in the current MLS data, so value comes down to the unit itself: floor, orientation, views, and how recently it was updated. That makes on-the-ground inspection and comparison more important than any headline average.

In a market with two active listings and a long days-on-market clock, the value is in judgment, not volume. We read each unit on its own terms — position, condition, and how it stacks against the few relevant sales — and we price and negotiate to the market's actual posture rather than to hope. On the buy side that means patience and leverage; on the sell side it means avoiding the slow, expensive drift of an overpriced listing.