The Palms of Destin

What The Palms of Destin does

The Palms of Destin is a privately-operated vacation rental resort located at 4201 Indian Bayou Trail in Destin, Florida, consisting of 70+ individually-owned condo units across multiple configurations (2-bedroom junior at ~970 sq ft, 2-bedroom full at ~1,150-1,175 sq ft, 2-bedroom villa, and 3-bedroom). The property is managed by Compass Resorts, a locally owned hospitality company founded in 2006 that handles booking, guest services, property maintenance, and rental revenue optimization for homeowners. Guests book directly through palmsofdestinflorida.com (or by phone at 850-269-1005), with no third-party OTA presence indicated; pricing ranges from approximately $105-$397 per night depending on unit type and season, and bookings are facilitated by a TrackHS-powered booking platform with real-time availability calendars and dynamic pricing.

The resort is differentiated by a signature 11,000 sq.ft. lagoon pool as its centerpiece amenity, supported by additional heated, zero-entry, and splash-pad pools, hot tub, fitness center, tennis, basketball, and indoor/outdoor pickleball courts, EV charging, and a gated grilling area. Unit amenities include fully equipped kitchens with granite countertops and stainless steel appliances, in-unit washer/dryer, private balconies or patios, and complimentary SOJO amenity kits. A complimentary shuttle provides access to nearby Gulf of Mexico beaches, supplemented by partnerships with The Back Porch / La Dolce Vita for beach chair and umbrella rentals and Runaway Rentals for discounted bike rentals.

The business operates on a direct-to-consumer transaction-fee revenue model with nightly rental income from short-term bookings, plus a secondary B2B segment of vacation property owners using Compass Resorts' rental management services. Customer segments are vacationing families and groups seeking multi-bedroom accommodations for beach stays, typically booking 1-2 week stays during summer peak or school-break periods. The company is small (1-10 employees), has no disclosed funding or institutional investment, and maintains an active social media presence across Facebook, Instagram, Pinterest, YouTube, LinkedIn, and TikTok under the Compass Resorts brand to drive direct bookings.

Name

The Palms of Destin

Legal name

Palms of Destin Florida

Website

https://palmsofdestin.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

The Palms of Destin is a privately-operated vacation rental resort in Destin, Florida offering 70+ individually-booked condo units with an 11,000 sq.ft. lagoon pool and resort amenities, managed by Compass Resorts since 2006 and serving vacationing families, friend groups, and vacation property owners.

Ownership category

akta.pro rank

Product category

Vacation Rentals

NAICS

Hotels (except Casino Hotels) and Motels (721110)

SIC

Hotels & Motels (7011)

akta.pro primary industry

Beachfront & Coastal Full-Service Hotels (THAGAAAI)

akta.pro secondary industry

Resort-Style Extended-Stay Properties (THAGAEAL)

Keywords

• Vacation rentals
• Beachfront condos
• Resort accommodations
• Rental management
• Direct booking

Headquarters

HQ city

Destin, Florida

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Vacation Rental Bookings: Nightly rental revenue from vacation condo bookings. Properties include 2-bedroom junior condos, 2-bedroom full condos, 2-bedroom villa condos, and 3-bedroom condos. Pricing varies by season, unit size, and amenities, ranging from approximately $105 to $397 per night plus taxes and fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

The Palms of Destin rents individually-owned vacation condo units in Destin, Florida through a direct-to-consumer booking model, with nightly rates ranging from approximately $105 to $397. The resort features an 11,000 sq.ft. lagoon pool and a portfolio of 70+ condo units in multiple configurations (2-bedroom junior, 2-bedroom full, 2-bedroom villa, and 3-bedroom). Property management for homeowners is handled by Compass Resorts, a locally-owned hospitality company operating since 2006.

Product overview

The Palms of Destin is a vacation rental resort property managed by Compass Resorts (locally owned and operated since 2006) offering a portfolio of condo rental units in various configurations: 2-bedroom junior condos (smaller units with ~970 sq ft), 2-bedroom full condos (standard units around 1,150-1,175 sq ft), 2-bedroom villa condos, and 3-bedroom condos. The resort features an 11,000 sq ft lagoon pool, multiple community pools, fitness center, sports courts (tennis, basketball, pickleball), and proximity to Destin beaches with complimentary shuttle service. Individual condo units are booked directly through the website with dynamic pricing ranging from approximately $105-$397 per night depending on unit type, season, and availability. The property also offers rental management services for homeowners.

Differentiator

Problem solved

Functional benefit

Products and services

• The Palms of Destin Vacation Rentals A resort vacation rental property in Destin, Florida offering 70+ individual condo units across multiple configurations (2-bedroom junior, 2-bedroom full, 2-bedroom villa, 3-bedroom), managed by Compass Resorts.
• Rental Management Services Property management services for vacation homeowners at The Palms of Destin, including booking, guest services, property maintenance, and revenue optimization, operated by Compass Resorts.
• Resort Amenities Access Resort-style amenities included with condo stays: 11,000 sq ft lagoon pool, heated pool, splash pad, kiddie pool, zero-entry pool, hot tub, fitness center, tennis courts, basketball courts, indoor and outdoor pickleball courts, EV charging station, gated grilling area, and playground.

Quantifiable outcome

• No booking fees when booking direct
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Compass ResortscoreStrategic or Co-development Partner · 1 January 2006Compass Resorts is the property management company that operates The Palms of Destin. Founded in 2006, Compass Resorts is locally owned and operated and provides vacation rental management services including booking, guest services, property maintenance, and revenue optimization for homeowners.
• InterCoastal Net DesignsminorImplementation/ SI/ Consulting PartnerWeb design partner responsible for the company website (palmsofdestinflorida.com) and other resort websites in the Compass Resorts portfolio.
• Runaway RentalsminorGTM or Marketing PartnerBike rental partner offering discounted bike rentals to Compass Resorts guests staying at The Palms of Destin.
• The Back Porch / La Dolce VitaminorChannel Partner/ Reseller/ DistributorBeach service partner located across the street from The Palms of Destin. Provides beach chair and umbrella rentals for resort guests. The resort is not beachfront, so this partnership provides beach access for guests.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• VRBO: Major vacation rental platform competing for Destin family/group bookings, often taking 10-15% commission that The Palms of Destin avoids via direct booking.
• Airbnb: Dominant vacation rental marketplace that competes for the same guest bookings and influences pricing/discovery dynamics for direct-book Destin condo rentals.
• Hilton Sandestin Beach Golf Resort & Spa: Established full-service hotel resort in the same Destin submarket, competing for the same family/group vacation demand with broader brand support and Hilton loyalty program reach.

Direct peers

• Silver Beach Towers: Sister property also managed by Compass Resorts in Destin, offering comparable beachfront condo rentals under the same management platform and brand.
• Five Star Properties: Vacation rental company managing condo and home rentals in the Destin market with similar direct booking and amenity positioning.
• Sandestin Golf and Beach Resort: Large Destin-area resort complex offering condo rentals, beach access, and full amenity packages - directly comparable product offering and target customer for The Palms of Destin.
• Beachside Vacation Rentals: Destin-area vacation rental management company offering similar condo rental units with direct booking, comparable target market and pricing tiers.
• ResortQuest by Wyndham Vacations: Major vacation rental management company operating in the Destin/Northwest Florida market with a comparable condo/villa rental inventory and direct booking model closely aligned with The Palms of Destin.
• Southern Vacation Rentals: Operates vacation rental properties along the Florida Gulf Coast including Destin, offering comparable condo accommodations and amenity-focused stays.

Regional players

• Beautiful Beach Vacations: Regional vacation rental management company serving the Destin/Fort Walton Beach area with a comparable condo rental product.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/CompassResorts
• Facebookfacebook.com/CompassResorts
• LinkedInlinkedin.com/company/the-palms-of-destin
• Instagraminstagram.com/compass_resorts
• Pinterestpinterest.com/compassresorts
• TikToktiktok.com/@compassresorts

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Palms of Destin