I'm on the beaches in that area frequently. Its hard to say what the effects of the red tide are. I can tell you that plenty of people are catching sand fleas, and crabs. Bait fish is starting to show up, and people are catching black drum, redfish, and pompano in the surf. I think nature is springing back.
I have not seen any fish off my dock here in Destin harbor on Holiday Isle since the huge fish kill. There were 2 dead mullet and 3 dead catfish floating around yesterday. I have always relied on Pinfish for livebatt and hope that conditions will return to normal soon