See Home Value
Miramar Beach 32550
1303 Laurel Way
$950,000
● House - Off Market

1303 Laurel Way

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,628 Ft²
$4,911
Est. Monthly

About This Property

HUGE PRICE IMPROVEMENT -- Reduced by $200,000

Positioned on a premium lot within Sandestin Golf and Beach Resort, this extensively updated Laurel Grove home presents an exceptional opportunity for investors, second-home buyers, or those seeking a spacious full-time residence. One of the largest floor plans in Laurel Grove, this property offers features rarely found within the neighborhood, making it stand out from the competition.

Major capital improvements--including a new roof (2024), exterior paint (2024), brick paver driveway (2023), and updated HVAC--provide peace of mind while helping minimize near-term ownership costs. An attached garage with additional storage, along with a location just steps from the community pool and fitness center, further enhances both convenience and long-term value.

Designed with flexibility in mind, the floor plan maximizes both comfort and rental potential. The home features primary suites on both the first and second floors, an oversized guest bedroom, and a recently added bonus room upstairs, creating excellent accommodations for large families or vacation guests. Although the current owners have never rented the property, projected annual rental income is estimated between $80,000 and $105,000.

Inside, you'll find soaring ceilings, a dramatic wide staircase, hardwood flooring throughout the main living areas and stairway, fresh interior paint, and an inviting living room centered around a beautiful fireplace with custom built-ins. The spacious kitchen offers a large center island, abundant cabinetry, and generous workspace for entertaining.

One of the home's most distinctive features is its exceptional outdoor living space. Enjoy two screened porches spanning both levels, including a newly created upper-level retreat featuring a charming hanging daybed--an ideal spot to unwind after a day at the beach or golf course.

Additional highlights include exceptionally large bedrooms, oversized walk-in closets throughout, abundant storage, and thoughtful design details that are difficult to find in Laurel Grove.

Located within the gates of Sandestin Golf and Beach Resort, owners and guests enjoy access to championship golf courses, a full-service marina, sugar-white beaches, tennis and pickleball courts, miles of walking and biking trails, The Village of Baytowne Wharf, shopping, dining, and entertainment--all contributing to strong and consistent demand for vacation rentals.

Combining generous living space, extensive updates, resort amenities, and excellent income potential, this is one of Laurel Grove's most compelling opportunities.
Unit Size
2,628 Ft²
Days on Market
239 days
Land Size
0.07 acres
Price per sqft
$381
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2003

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Last updated: 2 days ago (ECAR #993985)

Price History

Date / Event Date Event Price
Sep 25, 2026 Sold
Sold
Aug 14, 2026 In contract -
In contract
Jun 18, 2026 Price Decreased $999,999
↓ $275K (21.6%)
Price Decreased
Feb 13, 2026 Price Decreased $1,275,000
↓ $100K (7.3%)
Price Decreased
Jan 29, 2026 Listed by Dalton Wade Inc $1,375,000
Listed by Dalton Wade Inc
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2008
  • 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: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 242
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,100
  • Total Building Area: 3,250
  • Gross Building Area: 3,250
  • Building Area: 3,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAUREL GROVE PH 1
  • Land Acres: 0000000071
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 1303 LAUREL GROVE PH 1 PB 15 PG 69 AS DESC IN OR 2556-782.OR 2657-1457

Neighborhood

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

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-26-21
  • Subdivision Phase Number: 1
  • Parcel: 26-2S-21-42810-000-1303
  • Block: 13
  • Lot: 1303
  • Meridian: SEC 26 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3869
  • Longitude: -86.3144

    Address

  • Full Address: 1303 Laurel Way
  • Address - House Number: 1303
  • Address - Street Name: Laurel
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C024
  • 4-Digit Zip Code: 7893
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,840
  • Tax Year: 2022
  • Tax Amount: $754,044
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2659
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 1,437,528
  • High Value: 1,819,811
  • Low Value: 1,055,245

    Market Valuation

  • Market Total Value: $993,052
  • Market Land Value: $114,903
  • Market Improvement Value: $878,149

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $993,052
  • Assessed Land Value: $114,903
  • Assessed Improvements Value: $878,149

    Sales

  • Current Sale Contract Date: Feb 28, 2005
  • Current Sale Recording Date: Mar 04, 2005
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 874703
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Miramar Beach


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Frequently Asked Questions

When was property at 1303 Laurel Way built and last sold?
The property at 1303 Laurel Way was built in 2003 and last sold on Feb 28, 2005 for $751,000.
How much is this home worth?
The estimated value of the home located at 1303 Laurel Way is $1,287,197.
What are some comparable homes to 1303 Laurel Way?
There are currently no comparable homes to 1303 Laurel Way.