Data Analysis
Okaloosa and Walton counties had 1,026 houses and townhomes listed at $1 million or more and 166 pending on October 28, 2026, about 6.2 to 1, against 3.2 to 1 below $1 million.
Our Emerald Coast MLS feed logged 86 new $1 million-plus home listings and 26 contracts from October 14 to 27. Walton County had 73 of the new listings.
Our live Emerald Coast MLS map showed 1,026 houses and townhomes listed at $1 million or more in Okaloosa and Walton counties on October 28, 2026, against 166 pending, about 6.2 listings for every pending sale. Below $1 million the ratio was 3.2 to 1 (2,152 active, 669 pending). From October 14 to 27, the feed logged 86 new $1 million-plus listings, 74 price cuts on homes listed at $1 million or more and 26 contracts. Walton County accounted for 73 of the new listings and 20 of the contracts. All figures are ours, computed from Emerald Coast MLS records; information is deemed reliable but not guaranteed.
This piece covers houses and townhomes only. Our October 25 article on Destin-area condo price cuts covers condos, our October 27 Destin-area new-home communities roundup covers builders, and the Destin median price and closed sales articles cover the completed month. The full series is on the Destin market data hub.
How many $1 million homes are for sale around Destin?
The top of the market holds about a third of all house and townhome listings here. Of the 3,178 active houses and townhomes on our map on October 28, 1,026 were priced at $1 million or more. That tier had a median asking price of $2,175,000 and a median 117 days on the market, against 84 days for homes under $1 million. Of the 1,026, 350 had been listed 180 days or more and 83 had been listed a year or more.
| List price band | Active | Pending | Active per pending | Median days listed |
|---|---|---|---|---|
| Under $1 million | 2,152 | 669 | 3.2 | 84 |
| $1 million to $1,999,999 | 487 | 90 | 5.4 | 120 |
| $2 million and above | 539 | 76 | 7.1 | 115 |
Source: Momentum Research, computed from Emerald Coast MLS records, live map snapshot, October 28, 2026. Houses and townhomes; condos excluded. Deemed reliable but not guaranteed.
Where are the $1 million listings?
South Walton carries most of the supply. By place, the live map showed:
| Place | Active at $1M+ | Pending at $1M+ | Median asking price |
|---|---|---|---|
| Santa Rosa Beach | 430 | 55 | $2,390,000 |
| Inlet Beach | 196 | 33 | $2,674,500 |
| Miramar Beach | 125 | 12 | $1,749,000 |
| Destin | 124 | 6 | $1,989,500 |
| Watersound | 35 | 26 | $2,950,000 |
| Freeport | 23 | 14 | $1,300,000 |
| Fort Walton Beach | 19 | 5 | $1,300,000 |
| Niceville | 17 | 8 | $1,399,990 |
Source: Momentum Research, computed from Emerald Coast MLS records, live map snapshot, October 28, 2026. Places follow the listing address. Deemed reliable but not guaranteed.
Two places stand apart. Watersound had 26 homes at $1 million or more pending against 35 active, the tightest ratio of any place, while Destin addresses had 124 active against 6 pending, about 21 to 1. Recent prices are on the Santa Rosa Beach, Inlet Beach, Miramar Beach, Destin, Watersound, Freeport and Niceville market pages.
How fast are $1 million homes going under contract?
Contracts in the tier slowed in mid-October while new supply kept arriving. The feed recorded 26 houses and townhomes at $1 million or more going under contract from October 14 to 27, down from 32 from September 30 to October 13. New $1 million-plus listings rose to 86 from 81, and price cuts in the tier rose to 74 from 64.
Across all prices, the feed logged 319 new house and townhome listings and 206 contracts from October 14 to 27. The $1 million tier made up 27 percent of new listings and 13 percent of contracts.
| Place | New $1M+ listings | $1M+ price cuts | $1M+ contracts |
|---|---|---|---|
| Santa Rosa Beach | 36 | 23 | 9 |
| Inlet Beach | 18 | 15 | 5 |
| Destin | 13 | 10 | 2 |
| Miramar Beach | 11 | 13 | 4 |
| Watersound | 4 | 3 | 0 |
Source: Momentum Research, computed from Emerald Coast MLS records, October 14 to 27, 2026. Deemed reliable but not guaranteed. Smaller places not shown.
New $1 million-plus listings had a median asking price of $1,935,000, and 39 of the 86 were priced at $2 million or more. Homes that went under contract had a median list price of $1,485,000, and 7 of the 26 were at $2 million or more.
How big are the price cuts on $1 million homes?
The median cut on a $1 million-plus listing from October 14 to 27 was 3.9 percent, or $90,000. Six cuts reached 10 percent or more. ZIP code 32459 (Santa Rosa Beach) had the most activity in the tier, followed by 32461 (Inlet Beach, Watersound and Rosemary Beach addresses).
How have $1 million sales held up this year?
Closings at the top have run well ahead of last year even as contracts thinned this fall. Our September Emerald Coast Market Pulse, which covers the full Emerald Coast MLS across Okaloosa, Walton, Santa Rosa, Bay and Escambia counties, counted 1,442 sales at $1 million or more from January through September 2026, up from 1,026 in the same months of 2025. September alone had 163, against 147 a year earlier. The same report put Walton County's September median sale price at $809,500, down 2.6 percent from a year earlier, and Okaloosa County's at $385,000.
What does this mean for buyers and sellers at the top of the market?
For buyers, the tier offers wide choice and room on price, with about six listings for every pending sale and a third of listings on the market six months or more. For sellers, pricing against the 1,026 competing listings matters more than in the lower bands. Insurance budgets are on the Destin, Santa Rosa Beach, Miramar Beach and Inlet Beach home insurance cost pages, and flood zone context is on the Destin flood zones by neighborhood page.
People also ask
How many million-dollar homes are for sale in the Destin area?
Our live Emerald Coast MLS map showed 1,026 houses and townhomes listed at $1 million or more in Okaloosa and Walton counties on October 28, 2026, with 166 pending. The median asking price in the tier was $2,175,000.
Are luxury home sales slowing on 30A?
Contracts on $1 million-plus homes in Okaloosa and Walton counties fell to 26 from October 14 to 27, 2026, from 32 in the prior two weeks, while new listings rose to 86. Santa Rosa Beach and Inlet Beach led both new listings and contracts.
How long do $1 million homes take to sell near Destin?
The median $1 million-plus house or townhome on our live map on October 28, 2026 had been listed 117 days, against 84 days for homes under $1 million. 350 of the 1,026 had been listed 180 days or more.
Limitations
Window counts come from the change log of our live Emerald Coast MLS feed, which records a change when our refresh sees it. A listing that changed more than once in a category within a window is counted once, and a change that happened and reversed between refreshes may be missed. Condos are excluded from this article's feed and map figures; townhomes are included. Price cuts are counted in the tier when the price before the cut was $1 million or more. Contract counts are listings moving from active to pending and can differ from the monthly contract figures in the Market Pulse. Active and pending counts are a live map snapshot and can differ from inventory counts in monthly reports. The Market Pulse price band figures cover all property types and all five counties in the Emerald Coast MLS. Figures may be revised as the MLS updates records. This article is general information, not advice about any specific property or transaction.
Sources and links
- Momentum Research, computed from Emerald Coast MLS records (listing change log, September 30 to October 27, 2026; live map snapshot, October 28, 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.
- Momentum Research, September 2026 Emerald Coast Market Pulse, closings through October 24, 2026.
- Full monthly series and per-feed attribution: Destin market data
Disclosure: Jon Brooks is a co-founder of Momentum Realty, a Florida real estate brokerage that owns and funds Florida Housing Intelligence. Momentum has a financial interest in Florida real estate transactions, including in markets named here. See our editorial standards.
Market statistics in this article are computed from MLS data licensed by Momentum Realty, and are current as of the date shown. Data may be preliminary and subject to revision by its source. This article is general information, not advice about any specific property, transaction, or financial decision, and is not a representation about any specific property, community, builder, or association.
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