Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by <a href="https://www.factset.com/">Factset</a>. Powered and implemented by <a href="https://www.factset.com/solutions/business-needs/digital-solutions">FactSet Digital Solutions</a>. <a href="https://www.factset.com/privacy">Legal Statement</a>. <br>This material may not be published, broadcast, rewritten, or redistributed. ©2025 FOX News Network, LLC. All rights reserved. <a href="https://help.foxbusiness.com/hc/en-us/sections/4405278462107-FAQ">FAQ</a> - <a href="/privacy-policy">New Privacy Policy</a><br>Gutman Development Marketing’s Phil Gutman, The Continuum Company’s Ian Bruce Eichner and BH Group CEO Isaac Toledano explain to Fox News Digital why they support Florida’s ‘Condo 3.0’ bill.<br>A community on Florida's Emerald Coast has become a hot spot for buyers who might otherwise be priced out of Southeast Florida’s soaring <a href="https://www.foxbusiness.com/real-estate" target="_blank" rel="noopener">housing market.</a> <br>Sandestin, Florida, described as an "attractive alternative" to nearby markets, has seen a notable uptick in activity, according to The Agency, a global real estate brokerage with more than 130 offices across 12 countries. <br>The area within the Florida Panhandle may not have the same level of fame or demand as places like Miami or Key West, but that works to a buyer’s advantage by keeping prices lower in comparison. <br><a href="https://www.foxbusiness.com/media/florida-dominates-list-best-cities-first-time-homebuyers-while-california-sinks-bottom" target="_blank" rel="noopener"><strong>FLORIDA DOMINATES LIST OF BEST CITIES FOR FIRST-TIME HOMEBUYERS WHILE CALIFORNIA SINKS TO THE BOTTOM</strong></a><br>The area’s "picturesque landscapes and vibrant community amenities" also make it a "compelling option" for those considering a move to the Sunshine State, according to The Agency, which reported that 114 single-family homes and 154 <a href="https://www.foxbusiness.com/category/economy" target="_blank" rel="noopener">condominiums were sold in 2024.</a><br><span>A golf course in Sandestin, Florida.</span><span> (The Agency)</span><br>The firm projected that "ongoing demand for coastal living and luxury amenities" will likely continue driving interest in Sandestin, too. <br>The median listing price in Miramar Beach, which surrounds the Sandestin area, was $626,000 last month, which is less than half the price of nearby Santa Rosa Beach, according to Realtor.com senior economic research analyst Hannah Jones. <br><span>Grayton Beach is located within the Emerald Coast region of Florida.</span><span> (FOX Business/Tierra Mack)</span><br>Jones said Miramar Beach has a median listing price per square foot of $532, which is more than $100 less per square foot compared to Santa Rosa Beach. <br><a href="https://www.foxbusiness.com/media/real-estate-tycoon-explains-when-house-prices-start-drop-open-floodgates" target="_blank" rel="noopener"><strong><u>REAL ESTATE TYCOON EXPLAINS WHEN HOUSE PRICES WILL START TO DROP AND ‘OPEN THE FLOODGATES’</u></strong></a><br><span>A beach in Sandestin, Florida.</span><span> (The Agency)</span><br>Homes in the area typically spend longer on the market as well, which also plays into the buyers' benefit.<br>Prices in Miramar Beach have still appreciated, climbing 25.5% over the last five years, but the increase has been more moderate compared to nearby areas, according to Jones. <br><span>Grayton Beach is located within the Emerald Coast region of Florida.</span><span> (FOX Business/Tierra Mack)</span><br>For example, <a href="https://www.foxbusiness.com/category/money" target="_blank" rel="noopener">the median listing price</a> in Santa Rosa Beach has nearly doubled over the last five years. Listing prices jumped from $765,000 in February 2020 to $1.3 million in February 2025.  <br><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener noreferrer"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE</strong></a><br>Jones cited the home type mix for the price discrepancy. Sandestin is 70% condos, while 75% of Santa Rosa Beach consists of single-family homes.<br>Still, "comparing just single-family homes shows that Miramar is significantly more affordable than nearby Santa Rosa Beach," Jones said, adding that the February single-family home median listing price in Miramar Beach was $1.25 million, compared to $1.6 million in Santa Rosa Beach.<br><br>Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you.<br>We've added you to our mailing list.<br>By clicking subscribe, you agree to the Fox News <a href="https://www.foxnews.com/privacy-policy" target="_blank">Privacy Policy</a> and <a href="https://www.foxnews.com/terms-of-use" target="_blank">Terms of Use</a>, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time. <br> Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by <a href="https://www.factset.com/">Factset</a>. Powered and implemented by <a href="https://www.factset.com/solutions/business-needs/digital-solutions">FactSet Digital Solutions</a>. <a href="https://www.factset.com/privacy">Legal Statement</a>. <br>This material may not be published, broadcast, rewritten, or redistributed. ©2025 FOX News Network, LLC. All rights reserved. <a href="https://help.foxbusiness.com/hc/en-us/sections/4405278462107-FAQ">FAQ</a> - <a href="/privacy-policy">New Privacy Policy</a><br><br><a href="https://news.google.com/rss/articles/CBMinAFBVV95cUxQek5keF9kQ1NLTUMwVlNKSWxRcVA0UnRIc0R6YVhPTDRyZzhTZXVCNzJXT0xVNEsya3h4SGl3YnFjSjIxejRycl85OFUxdGtaMmxGRGc0M0xEcE9KWlUwcGxhRXY5UmJIc2ZLRnhTRjhybG1Vc09jdGlXN0ZfSlREVWFnRXpENW95MHIzRmhhQkhxNU9DMnJkRG9kak7SAaIBQVVfeXFMT2RkbDh0ZEJEV2FqMVpuYWE0RVEwdDdKeWlMMkYzVWZJbjg5NS1xMUpUd1hLZlQ1OUhEcGR0ZDdFeXViWjNVeVFtLVBpRFpPNWVnUUZiYW01RGNtU21ma2hpeWNia3NZbTVjem1pN1A2SXRHM205bTZhX0p0SUhTSzRwWGZZUG9DNnY0cEFRa0VWQmw2MXZTcGx1R1dzYlJzRXRB?oc=5">source</a>
