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Miramar Beach 32550
1281 Laurel Way
$1,137,500
● House - Off Market

1281 Laurel Way

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
3 Baths
$6,766
Est. Monthly
$400
HOA / Fees

About This Property

Discover this stunning remodel in Laurel Grove that you simply must see to believe! Every aspect has been thoughtfully updated. Envision yourself in a bright, airy kitchen with sparkling quartz countertops, seamlessly flowing into a stylishly furnished living area. Through the new windows, you'll gaze upon a shimmering lake and the fairway beyond. The upgraded bathrooms offer a dazzling, spa-like experience, and the master bedroom, conveniently located on the main level, provides a peaceful retreat with direct access to an inviting backyard oasis. . Mature landscaping envelops the property, all expertly maintained by the HOA. You'll find optimal storage with ample closet space and an attached shed . Rarely found are the premium private parking pads that fit 2 cars and 2 golf carts. Boom!
Unit Size
-
Days on Market
62 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$596
HOA Dues
$400
Year Built
2006

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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 #988803)

Price History

Date / Event Date Event Price
Jan 2, 2026 Sold
Premium
Sold
Nov 14, 2025 In contract -
In contract
Nov 1, 2025 Listed by Compass $1,175,000
Listed by Compass
Jan 9, 2023 Sold
Premium
Sold
Dec 4, 2022 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • 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: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,108
  • Total Building Area: 1,896
  • Gross Building Area: 1,896
  • Building Area: 1,896
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,896
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAUREL GROVE PHASE V S/D
  • Land Acres: 0000000094
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 1281 LAUREL GROVE PH V PB 17-52 OR 2719-4333 OR 2748-4740 OR 2784-2488 OR 2849-2634 OR 2860-3613 OR 3076-4359

Neighborhood

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

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-26-21
  • Subdivision Phase Number: 5
  • Parcel: 26-2S-21-42812-000-1281
  • Block: 12
  • Lot: 1281
  • Meridian: SEC 26 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3862
  • Longitude: -86.3157

    Address

  • Full Address: 1281 Laurel Way
  • Address - House Number: 1281
  • Address - Street Name: Laurel
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C024
  • 4-Digit Zip Code: 1878
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,033
  • Tax Year: 2022
  • Tax Amount: $569,019
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.0888
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 92
  • Final Value: 950,167
  • High Value: 1,034,542
  • Low Value: 865,791

    Market Valuation

  • Market Total Value: $725,737
  • Market Land Value: $120,648
  • Market Improvement Value: $605,089

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $725,737
  • Assessed Land Value: $120,648
  • Assessed Improvements Value: $605,089

    Sales

  • Current Sale Contract Date: Jan 09, 2023
  • Current Sale Recording Date: Jan 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 806
  • Previous Sale Recording Date: Mar 02, 2011
  • Previous Sale Contract Date: Feb 03, 2011
  • Previous Sale Amount: $232,800
  • Previous Sale Document Type: 71
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:

$725,000

Sale Price/ft²

$492

Below Asking

0.03%

Average Days on Market

110

Average Home Size

1724 ft²

Average Home Age

26.4 years

Currently For Sale

686 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

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ECAR

Listed by: Anne D Suchevits, Compass
Last Updated: 10 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 988803
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 1281 Laurel Way built and last sold?
The property at 1281 Laurel Way was built in 2006 and last sold on Jan 9, 2023 for $850,000.
How much is this home worth?
The estimated value of the home located at 1281 Laurel Way is $0.
What are some comparable homes to 1281 Laurel Way?
There are currently no comparable homes to 1281 Laurel Way.
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