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Miramar Beach 32550
1127 Prestwick Place
$800,000
● House - Off Market

1127 Prestwick Place

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
3 Baths
$5,621
Est. Monthly
$507
HOA / Fees

About This Property

Southern coastal design and decor define this lakefront cottage in the popular Sandestin community of Prestwick Place.   Perfect for families and entertaining, with three bedrooms /three baths.  Two bedrooms ensuite are on the first floor and the entire second level is devoted to master suite with a huge deck overlooking the lake.  A large front porch invites one to relax in the swing and enjoy seeing neighbors while the back porch is perfect for lingering over morning coffee or ending the day with family.  Bring the fishing poles so kids can fish from the lakefront dock.  Just steps from an SOA pool and the pro shop for two golf courses, Prestwick is convenient as well to the Village at Baytowne Wharf, Grand Boulevard and the beaches.  Furnished w/exceptions.
Unit Size
-
Days on Market
61 days
Land Size
0.20 acres
Price per sqft
-
Property Type
House
Property Taxes
$473
HOA Dues
$507
Year Built
2002

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 10 months ago (ECAR #989720)

Price History

Date / Event Date Event Price
Jan 15, 2026 Sold
Premium
Sold
Dec 14, 2025 In contract -
In contract
Nov 15, 2025 Listed by Compass $945,000
Listed by Compass
Sep 25, 2002 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,692
  • Total Building Area: 1,966
  • Gross Building Area: 1,966
  • Building Area: 1,966
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,966
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRESTWICK PLACE
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 1127 PRESTWICK PLACE S/D PB 13-48 OR 2042-398 OR 2437- 953 OR 2635-309

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950607

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-26-21
  • Parcel: 26-2S-21-42620-000-1127
  • Block: 11
  • Lot: 1127
  • Meridian: SEC 26 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3812
  • Longitude: -86.3193

    Address

  • Full Address: 1127 Prestwick Pl
  • Address - House Number: 1127
  • Address - Street Name: Prestwick
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C024
  • 4-Digit Zip Code: 7863
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,912
  • Tax Year: 2022
  • Tax Amount: $527,034
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 1,053,658
  • High Value: 1,325,316
  • Low Value: 782,000

    Market Valuation

  • Market Total Value: $694,709
  • Market Land Value: $187,458
  • Market Improvement Value: $507,251

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $694,709
  • Assessed Land Value: $187,458
  • Assessed Improvements Value: $507,251

    Sales

  • Current Sale Contract Date: Sep 16, 2002
  • Current Sale Recording Date: Sep 25, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 732259
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Miramar Beach

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$497

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1710 ft²

Average Home Age

26.5 years

Currently For Sale

1008 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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ECAR

Listed by: Deborah M Hale, Compass
Last Updated: 10 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 989720
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 1127 Prestwick Place built and last sold?
The property at 1127 Prestwick Place was built in 2002 and last sold on Sep 16, 2002 for $205,700.
How much is this home worth?
The estimated value of the home located at 1127 Prestwick Place is $0.
What are some comparable homes to 1127 Prestwick Place?
There are currently no comparable homes to 1127 Prestwick Place.
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