Property
Beds
2
Full Baths
2
1/2 Baths
None
Year Built
1989
Sq.Footage
1,180
This is not the Seafarer you have seen before. Unit 204 has been taken down to the studs and rebuilt with a level of craft and intentionality that simply does not exist anywhere else in the building -- or in most of the market. The flooring, the countertops, the backsplashes, the plumbing, the fixtures: every single component was selected and installed with exquisite care. The bathrooms have been reimagined as spa-caliber retreats, finished with the kind of detail most renovations reserve for the primary suite alone. Most buyers touring Gulf-front condos learn to overlook dated kitchens and tired finishes. In Unit 204, there is nothing to overlook. Not one corner, not one surface. The upper-level master suite features something no other unit offers: a loft converted into a stunning glass-enclosed lounge. Most owners leave that space unfinished and forgotten. Here it has become one of the most distinctive rooms in the building. Step onto either of the two Gulf-facing balconies and the view will stop you mid-sentence. The north-facing private balcony on the second level delivers something equally rare: total seclusion, completely removed from the activity below. The Seafarer has completed its milestone inspection and full exterior SIRS renovation -- the building is in exceptional condition with no pending special assessments. What you are acquiring is the finest unit in a fully remediated Gulf-front building. For a buyer who refuses to settle for anything less than perfect. The Renovation: What "Gut Renovation" Actually Means Here The phrase "gut renovation" is used loosely in real estate. At Unit 204, it means exactly what it says. The previous owner, who purchased this unit in January 2025 and undertook the renovation immediately, took the interior down to the studs. Every system, every surface, and every finish was removed and replaced. Walk through the unit and you will not find a single piece of the original interior that was retained out of convenience or cost-cutting. The flooring runs seamlessly from room to room with no transitions, no patches, and no variations in color or texture -- because it was all installed at once, correctly, from scratch. The countertops and backsplashes in the kitchen were specified together as a design system, not assembled from whatever was available. The cabinetry is clean, full-height, and finished to a standard you will not find in any other unit in this building. The bathrooms are where a renovation either distinguishes itself or reveals its shortcuts. In Unit 204, both bathrooms were rebuilt entirely. The tile work is precise. The fixtures are current and high-quality. The vanities are finished to the same standard as the rest of the unit. There is no grout discoloration, no dated hardware, no mismatched finishes from a previous decade. These bathrooms would hold their own in a new luxury build. The Loft: A Feature Unique to This Unit The upper-level master suite in several Seafarer units includes a loft space above the sleeping area. In most units, this space is left unfinished -- bare, low-ceilinged, and used for storage at best. The current owner made a deliberate decision to treat this space as a design opportunity rather than a liability. The loft has been enclosed with glass, creating a distinct, elevated lounge area that feels entirely separate from the rest of the unit. It is quiet, private, and flooded with natural light. Whether used as a reading retreat, a home office, a meditation space, or a sleeping area for guests who value privacy, it adds a dimension to this unit that simply does not exist anywhere else in the building. In a condo market where floor plans are identical by design, this is a genuine differentiator. The Views and the Balconies Unit 204 sits on the second floor, Gulf-front. The two main balconies face south and west, directly over the Gulf of America. The view is unobstructed: white sand, emerald water, the pool below, and the open horizon. At the right time of day, the light off the water does something to the air in this unit that no photograph fully captures. Buyers who have been through multiple properties in this market consistently describe the moment they step onto these balconies as the point at which the decision began to form. The north-facing private balcony on the upper level is a different experience entirely. It looks away from the Gulf activity, away from the pool, away from the street noise. It is quiet in a way that Gulf-front balconies rarely are. Tucked and secluded, it functions as a genuine outdoor retreat -- the kind of space where a buyer can imagine starting a morning with coffee or ending an evening completely undisturbed. The Building: Why This Matters More Than It Might Appear The Gulf-front condo market in Destin has a significant undercurrent of building-level risk that buyers and buyer's agents are increasingly aware of. Milestone inspections, SIRS requirements, and deferred maintenance have created meaningful financial exposure at many buildings -- exposure that sometimes only becomes visible after a purchase is complete. The Seafarer completed its milestone structural inspection and its full exterior SIRS-mandated renovation in April 2025. The exterior work is done. The building is clean. There are no pending special assessments tied to deferred maintenance or regulatory compliance. A buyer at Unit 204 is acquiring a completely renovated interior inside a building that has just completed its own comprehensive exterior remediation. That combination -- gut-renovated unit in a fully remediated building -- is not common in this market. It eliminates two of the three major risk categories that sophisticated buyers now ask about before making an offer. Rental Income: What the History Actually Shows Unit 204 earned $56,000 in rental income in 2023 and $62,000 in 2024. Both figures were generated during a period when the Seafarer's exterior renovation was actively underway -- a condition that suppressed bookings, limited access for prospective renters, and created a less-than-ideal guest experience. The unit has not been rented at all since the renovation was completed. It is sold fully furnished and is turnkey from day one. The income history is provided as documented fact. Forward income projections from rental management companies are available but were intentionally excluded from this package. The verified historical figures, earned under suppressed conditions, speak more honestly than any forward projection can. Sophisticated buyers will draw their own conclusions about what a pristine, completely renovated Gulf-front unit -- in a fully remediated building, never rented in its current condition -- is likely to produce in rental income going forward.
Features & Amenities
Interior
-
Other Interior Features
Vaulted Ceiling(s)
-
Total Bedrooms
2
-
Bathrooms
2
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Stucco
-
Other Exterior Features
Balcony
-
Parking
Garage
-
Patio and Porch Features
Deck, Patio, Covered
-
Pool
Yes
-
Pool Features
Community
-
Waterfront YN
YES
Area & Lot
-
Lot Features
Waterfront
-
Property Type
Residential
-
Property Sub Type
Condominium
-
Architectural Style
N/A
Price
-
Sales Price
$849,000
-
Tax Amount
$6,750.8
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
Yes
-
Association Fee
$1,491
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
Destin
-
Middle School
Destin
-
High School
Destin
Property Features
-
Stories
3
-
New Construction
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Okaloosa
Elementary School
Destin
Middle School
Destin
High School
Destin
Listing Courtesy of Scott Martineau , RE/MAX Coastal Properties
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Realtor
Megan Rhinerson
Call Megan today to schedule a private showing.
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