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Discover the perfect blend of location, comfort, and investment opportunity at 54 Terra Cotta Terrace.

This beautifully designed 4-bedroom, 4-bathroom beach home spans 2,193 square feet of thoughtfully laid-out living space and is perfectly positioned just a short stroll from the sugar-white sands and emerald waters of the Gulf--with deeded beach access making every day feel like a vacation.

From the moment you step inside, you're welcomed by a bright, open-concept living area filled with natural light and coastal elegance. The home's three-story layout offers ideal separation of space, making it perfect for hosting guests, accommodating multiple families, or maximizing rental income. Three of the four spacious bedrooms are paired with its own full bath, creating a true retreat for owners and guests alike. The well-appointed kitchen, multiple entertainment spaces, private deck with peekaboo Gulf view and backyard patio provide the perfect setting for entertaining or unwinding after a day at the beach.

Located within the desirable Terra Cotta Terrace community, residents enjoy gated community pool access, pickle ball/tennis courts, sand volleyball and deeded beach access, all just minutes from Destin's top dining, shopping, and entertainment.

Whether you're searching for a primary residence, second home, or a high-performing short-term rental, this property checks every box--with rental projections exceeding $120K+ annually offering serious income potential.

Opportunities like this--combining location, lifestyle, and income--are rare. Don't miss your chance to own a turnkey beach home in one of the most sought-after destinations on the Emerald Coast. Buyer to verify all information. Professional photos will be added soon.
#999033

Destin

54 Terra Cotta Way

4 Beds

4 Baths

2,193 Sq.Ft.

$1,075,000

MLS#: 999033

Price Reduced! Step into the charm of this delightful one-story townhome in the Bon Villas neighborhood! This inviting home offers three bedrooms and two baths in addition to a cozy living and dining space. It features hardwood floors, granite counters, stainless steel appliances, a remodeled primary bathroom, and a screened patio. 

This end-unit home offers palm trees and an open space for outdoor activities. There is a neighborhood restriction on short- term rentals, providing a relaxed and quiet atmosphere. 

Updates include interior and exterior paint, bamboo flooring, a new roof, garage door, and HVAC system.
#972532

Miramar Beach

126 S Shore Drive 50

3 Beds

2 Baths

1,451 Sq.Ft.

$420,000

MLS#: 972532

Situated along Scenic Hwy 30A in the heart of Seagrove Beach, Park Place is a refined Gulf-front community comprised of just 19 individually owned residences. Designed to offer a low-density feel, the building is thoughtfully crafted with enduring materials. This unit has been beautifully updated with new quartz counters, kitchen backsplash, flooring, lighting and more. It has a spacious balcony with Gulf Views. Residents arrive through a secure, gated entry and are welcomed by a grand first-level foyer. The community features assigned garage parking, owner storage areas, and a well-equipped fitness room. Outdoors, enjoy direct access to 200 feet of deeded beach access, along with a beautifully maintained pool and spa. Park Place does not allow short term rentals.
#999049

Santa Rosa Beach

4128 E County Highway 30A UNIT 205

4 Beds

3 Baths

2,271 Sq.Ft.

$2,249,000

MLS#: 999049

This stunning 4BR/3.5BA home in Eagle Bay offers style and functionality with two master suites, a two-car garage, screened-in porch, and fenced backyard. Privately situated on a beautiful lot overlooking a charming pond, it provides a peaceful, serene setting. The main level features updated flooring, a remodeled kitchen, separate dining area, and primary master suite. The kitchen showcases a brick veneer backsplash, refaced lower cabinets, new upper cabinetry, granite countertops, and stainless-steel appliances. The main-level master includes a wainscoting accent wall and an updated en-suite with quartz double vanity and a remodeled walk-in shower. Ideally located steps from the bay and just minutes from the beach.
#999098

Santa Rosa Beach

98 Bald Eagle Drive

4 Beds

3 Baths

2,252 Sq.Ft.

$625,000

MLS#: 999098

Available for lease- 4300 sf turnkey catering facility located in Fort Walton Beach FL. This property was totally renovated in 2021 and could easily be converted to a restaurant space. The building features:
concrete block construction, standing seam metal roof, 3 phase power and 32 tons of HVAC. All attached equipment is included in the sale of the property. The average daily traffic count for 350 Eglin Parkway is 42,000 vehicles per day and this property provides 26 parking spaces with an additional 18
overflow parking spaces. Permanently attached equipment is included in the sale, additional equipment may be purchased for an additional $150,000
#999120

Fort Walton Beach

350 FL-85

None Beds

None Baths

N/A

$7,000

MLS#: 999120

Rare Opportunity to buy out-parcel on busy Tyndall Parkway, in front of the soon to be rebuilt 'Beacon Pointe North' shopping center. This will be a newly created parcel with reciprocal parking on main lot and shared retention already in place.
Foundation remains previous three concept retail structure.
#787488

Panama City

133 S Tyndall Parkway

None Beds

None Baths

0.7 acres

$750,000

MLS#: 787488

Residential lot located close to a highway 231 on the North end of Bay County. This vacant land offers an excellent opportunity to build your dream home or investment property. Lot is zoned R-2 allowing for two Single Family homes, duplex or manufactured housing. Lot is not currently cleared and priced accordingly.
#787472

Youngstown

00 Ely Avenue

None Beds

None Baths

0.79 acres

$58,700

MLS#: 787472

Residential lot located close to highway 231 on the north end of Bay County. This vacant land offers an excellent opportunity to build your dream home or investment property. Lot is  Zoned R-2, allowing for two single family homes, a duplex or manufactured housing. Flood zone A. Lot is not cleared and priced accordingly.
#787470

Youngstown

00 Las Vegas Street

None Beds

None Baths

0.99 acres

$29,000

MLS#: 787470

Nestled amidst the tranquil beauty of Freeport, Florida, this expansive 6.07-acre +/- property situated on Bear Creek offers an idyllic setting for your dream home with stunning views of Choctawhatchee Bay. Just off County Road 83A, the property provides a serene escape from the hustle and bustle, yet remains conveniently close to local amenities and the breathtaking beaches of the Emerald Coast.

Imagine building your custom home on this lush, green canvas. Enjoy the privacy and tranquility of your own personal sanctuary, while still being within easy reach of shopping, dining, and recreational activities. The property's accessibility and availability of nearby utilities make development a breeze.
This property offers the perfect blend of rural charm and modern convenience. Don't miss your chance to own a piece of Freeport's thriving community. 

This parcel is a portion of Parcel #32-1S-19-23000-002-0010, and is located across County Hwy 83A E.
#763787

Freeport

0 County 83A Road

None Beds

None Baths

6.07 acres

$399,900

MLS#: 763787

Three lots only minutes from 30A in Santa Rosa Beach! This property features three combined parcels totaling ~0.59 acres, offering a larger footprint than most available land in the immediate area. Plus, there is NO HOA, which offers more freedom to design your coastal retreat as you envision it. Positioned just a short distance from the public boat ramp at the end of Don Bishop Road, the location is ideal for boaters and outdoor enthusiasts seeking easy access to the Choctawhatchee Bay. Not only that, the property is conveniently located near Topsail Hill Preserve State Park, Sacred Heart Hospital, and the world-class shopping and dining at Sandestin's Grand Boulevard. Plus, it's situated only one mile from the entrance to 30A and the world famous beaches! Come take a look today!
#999116

Santa Rosa Beach

151 Don Bishop Road

None Beds

None Baths

0.59 acres

$289,900

MLS#: 999116

This property presents an exceptional opportunity to construct a custom residence in the tranquil setting of Miramar Beach. The parcel is prepared for development, offering direct bay views and convenient access to the beach by golf cart. The surrounding neighborhoods are well-suited for families as well as retirees seeking a peaceful environment. Each home in the area is uniquely designed, contributing to sustained property value growth. Additionally, the property is located just minutes from the newly renovated Legion Park, which features modern pickleball courts and other amenities. There is no HOA.
#999142

Destin

317 Bayshore Drive

None Beds

None Baths

0.21 acres

$289,000

MLS#: 999142

This is not a good COMP DO NOT USE
#787484

Panama City

4128 Richardson Road

3 Beds

2 Baths

1,492 Sq.Ft.

$540,000

MLS#: 787484

FULLY OCCUPIED | INCOME PRODUCING MULTI-FAMILY | PRIME PANAMA CITY LOCATION 

Investor opportunity in the heart of Panama City! This 6-unit multi-family property is 100% occupied and generating immediate cash flow with multiple income streams and value-add potential.

Situated on a large lot at 507 N Gray Ave, this property features a main house with separate upstairs apartment PLUS a detached 4-unit apartment building (former Russell Motel)  - making it ideal for long-term rentals, workforce housing, travel nurse housing, or furnished rentals.

Current Performance:

Total Units: 6

9 Bedrooms / 8 Bathrooms

Monthly Income: $6,650

Projected Annual Income: $79,800

100% Tenant Occupied

Value-Add & Upside Potential:


Rents currently below market in some units,

Opportunity to increase rents and maximize ROI, 
Flexible rental strategies (short-term, mid-term, furnished, room rentals)
Ideal for investors seeking cash flow + appreciation

Property Breakdown:

Main House: 3BR/2BA + 2BR/1BA apartment (separate entrances), 
Additional 4-unit apartment building with remodeled units, 
Efficiency unit + multiple 1BR units, 
Separate entrances throughout for maximum rental flexibility

Major Updates & Improvements:

Updated plumbing (PVC & PEX), 
New water line & pump station (2022), 
New Gas Lines, 
Updated HVAC window units, 
New water heaters (2020) + tankless (2022), 
Updated railings to code, 

Additional Features:

Multiple fenced yard areas, 
Pole barn with electric (future development potential), 
Garage with bathroom + storage, 
Well on site

LOCATION = HIGH DEMAND RENTAL AREA:

Minutes to Downtown Panama City
Close to Bay Medical / local hospitals (ideal for travel nurses),
Convenient to public transportation,
Approx. 15-20 minutes to Tyndall Air Force Base (military rental demand), 
Short drive to Panama City Beach & Gulf Coast, 
Near shopping, dining, and employment hubs,

This is a turnkey, Fully Furnished, cash-flowing multi-family investment with strong occupancy, multiple rental strategies, and future upside in a growing Panama City market.

All information, including measurements, is deemed reliable but not guaranteed. Buyer to verify if important

Call to schedule a showing today!!
#787457

Panama City

507 N Gray Avenue

9 Beds

7 Baths

2,652 Sq.Ft.

$499,900

MLS#: 787457

Proven rental history grossing $58K-$65K annually over the past four years. Fully furnished and completely remodeled, including a new A/C unit. Just a one-minute walk to the beach, with partial Gulf views from the balcony-one of the few studio units in gated Sandpiper Cove to offer this.
Enjoy resort-style amenities: multiple pools (including two heated in winter), three hot tubs, tennis and pickle ball courts, a par-3 pitch-and-putt golf course, on-site dining, and a beachfront snack shack for owners and guests.
Sandpiper Cove also features private beach access and a prime central location, just minutes from Destin Harbor--accessible also by water taxi.
#999081

Destin

775 Gulf Shore Drive 8254

None Beds

1 Baths

471 Sq.Ft.

$279,000

MLS#: 999081

Nestled at 211 Lester Price Rd in Ponce de Leon, this 1,152 sq ft home (built 2004) on 1.73 Acres offers peaceful rural living just minutes from Hwy 81 and Interstate 10. Step inside to find bright, inviting open-concept living spaces with soaring vaulted ceilings and beautiful pine hardwood floors that flow throughout. The well-designed kitchen is a standout, featuring crisp white shaker cabinets, a convenient tiled island, stainless steel sink, and generous natural light pouring in from the oversized window--ideal for everyday meals or entertaining.
The thoughtfully laid-out interior includes a full bathroom with classic pedestal sink, a dedicated laundry room complete with washer/dryer hookups and ample storage, a flexible bedroom, and additional bonus space perfect for a  home office, hobby room, or creative retreat. A huge screened porch with ceiling fan provides the perfect spot to unwind while enjoying views of the lush yard and the charming garden pond with its soothing fountain--wonderful for morning coffee, evening relaxation, or simply soaking in the serene surroundings.
Generac whole-house propane generator ensures reliable power and peace of mind during storms or outages. Outside, you'll appreciate the practical pump house and garden shed offering storage and a workbench, along with a workshop area and UTV-ready space. The full 1.73 wooded acres create endless opportunities for gardening, wildlife observation, outdoor recreation, or future expansion while maintaining wonderful privacy.
Recent updates throughout make this home truly move-in ready. A rare find for nature lovers and those seeking a tranquil country lifestyle with modern comforts. Call today to schedule your private showing and experience the charm for yourself!
#999130

Ponce De Leon

211 Lester Price Road

1 Beds

1 Baths

1,152 Sq.Ft.

$240,000

MLS#: 999130

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.
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