261 Open Gulf Street, Miramar Beach, FL 32550
BUENA VISTA · Walton County
Key Facts
Description
Short term rental powerhouse featuring a spacious coastal home with ocean views from every floor, direct beach access from the front door, private seasonally heated pool, and massive 22 person sleeping capacity to maximize revenue. Designer furnishings, professional photography and full inventory to convey for immediate revenue generation. Less than 300 feet from direct beach access ensures high occupancy. Includes complimentary paddleboards and kayaks for added guest appeal. Designed from the ground up to ensure easy, low cost maintenance and best possible yield. Do an Internet search on Legacy Beach Homes of Destin, Florida to view real time calendars in order to determine availability for showings. Seller is listing over $100 million worth of properties from their portfolio (35 large STRs in the Destin/Miramar/30A area with an average appraisal value of slightly over $3M each.). Seller is only selling 10% of the portfolio. Seller will withdraw this and/or any other remaining listings once the first $10 million (approximately) in sales have been achieved. Seller (Equisource Holdings dba Legacy Beach Homes) does not disclose property-level rental revenue data. Buyer to perform their own due diligence regarding income potential. However, the appraisal in the document section of this listing may include the appraiser's revenue projection. Seller will make all reasonable efforts to facilitate the transfer of future reservations. The Seller does not have to sell. Property has been priced based on recent appraisal and reflects the seller's minimum acceptable price. Most recent appraisal and inspections are included in the documents section of this listing.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Contemporary
Year Built
2003
Living Area
2,826 sq ft
Lot Size
0.09 acres
Lot Dimensions
50X86
Parking Spaces
4
Zoning
Resid Single Family
Days on Market
39
MLS® Listing#
998676
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Pool
Lot Features
Construction
Windows
Security
Utilities
Sewer
Water Source
Rooms
- 13 x 10First
- 12 x 12First
- 13 x 12Third
- 12 x 10First
- Bedroom13 x 12Second
- Family Room18 x 17Second
- Kitchen12 x 12First
- Master Bedroom14 x 12Second
- Master Bedroom14 x 12Second
- Master Bedroom14 x 16First
Schools
- Elementary:
- Van R Butler
- Middle:
- Emerald Coast
- High:
- South Walton
Financial Details
Annual Taxes
$12,352
Tax year 2025
Parcel Number
33-2S-21-42520-000-0010
Directions
FROM HWY 98 TURN SOUTH ONTO OPEN GULF STREET (JUST BEFORE MAINSAIL) CONTINUE DOWN TO THE BEACH AND FOLLOW AROUND YOU WILL BE STRAIGHT INTO THE DRIVEWAY.
Affordability Calculator
$338,000
Estimated monthly payment
$8,995/mo
Principal $1,352,000 · Est. interest $1,886,160 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Miramar Beach, FL
- $503,532
- Median Listing Price
- 114
- Median Days on Market
- 1,413
- Median Sq Ft
- $377
- Median Price / Sq Ft
- 27,704
- Active Listings
- This home’s price is 236% above the area median.
- Its price per sq ft is 59% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Miramar Beach, FL.
Location
Points of Interest in Miramar Beach, FL
Showing the Miramar Beach area map.
Nearby Schools
Gateway Academy
School · 0.4 mi away
Destin Middle School
Secondary · 4.9 mi away
Emerald Coast Middle School
School · 5.3 mi away
Van R Butler Elementary School
Elementary · 5.3 mi away
Destin High School
Secondary · 5.7 mi away
The Tree House Episcopal Montessori School
Elementary · 7.4 mi away
Asheford Institute of Antiques
School · 8.3 mi away
Destin Elementary School
Elementary · 8.7 mi away
Naval School Explosive Ordnance Disposal
School · 8.9 mi away
Bluewater Elementary School
Elementary · 9.1 mi away
South Walton High School
Secondary · 10.1 mi away
Niceville Head Start
School · 11.4 mi away
St. Paul Lutheran Church and School of Niceville
School · 11.5 mi away
Ashnick Academy
School · 11.6 mi away
James E. Plew Elementary School
Elementary · 11.8 mi away
Addie R Lewis School
Elementary · 11.9 mi away
Niceville High School
Secondary · 11.9 mi away
Rocky Bayou Christian School
Secondary · 12.6 mi away
Niceville High School
Secondary · 12.7 mi away
C. W. Ruckel Middle School
Secondary · 12.7 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
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| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 9814 Coronado Lake Drive, Boynton Beach, FL | $1,185,000 | 5 | 4 | 3,286 |
| 2780 SE 5th Court, Pompano Beach, FL | $1,189,000 | 5 | 2 | 2,361 |
| 104 Cypress Breeze Drive, Santa Rosa Beach, FL | $1,195,000 | 5 | 4 | 2,598 |
| 806 NARCISSUS AVENUE, CLEARWATER BEACH, FL | $1,195,000 | 5 | 4 | 2,840 |
| 104 Cypress Breeze Drive, Santa Rosa Beach, FL | $1,195,000 | 5 | 4 | 2,598 |
| 275 Payne Street, Miramar Beach, FL | $1,195,000 | 6 | 4 | 2,296 |
Moving Cost Estimate
EXIT Agents in Miramar Beach
Listing Courtesy: Century 21 Wimco Realty Inc - 8506642100