See Home Value
Miramar Beach 32550
145 Marigot Bay Circle
$945,000
● House - Off Market

145 Marigot Bay Circle

Miramar Beach, FL 32550
bedrooms
4 Beds
bathrooms
2 Baths
$6,540
Est. Monthly
$1,361
HOA / Fees
0.41%
Cap Rate

About This Property

'Manta Ray Getaway' is a proven performer-over $100,000 in rental income in past years-and positioned to earn even more with strategic upgrades. Located in Paradise Retreat, a gated community with exclusive 320-foot deeded Gulf access, this property offers what investors look for most: high demand, low competition, and clear growth potential.

The Numbers Tell The Story:

Sleeps 10 comfortably with 4 beds, 2 baths, and 2,047 sq. ft. - the largest floor plan in the neighborhood.  Fully furnished and turnkey with new LVP flooring, upgraded kitchen appliances, and quartz countertops.

Private heated L-shaped pool, BBQ station, tanning deck, and space for easy-to-add, high-ROI amenities like a hot tub, putting green, or cornhole court. Upside Built In Already: Two large living areas, one converted into a game roomarcade games and foosball that keep occupancy high and reviews strong.  Recent major updates: new roof & pool pump motor (2021), new fence (2020), water heater (2019). No flood insurance required and low HOA fees increase net returns.

The Bottom Line:

With its proven track record, income-boosting potential, and premium beach access, "Manta Ray Getaway" offers both immediate cash flow and long-term appreciation. It's also an outstanding option as a second home or even a full-time residencegiving you the flexibility to enjoy the property yourself while it works for you.
Unit Size
-
Days on Market
35 days
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$514
HOA Dues
$1,361
Year Built
2004

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Last updated: 2 years ago (ECAR #983205)

Price History

Date / Event Date Event Price
Sep 19, 2025 Sold
Sold
Aug 25, 2025 In contract -
In contract
Aug 15, 2025 Listed by Keller Williams Realty Destin $950,000
Listed by Keller Williams Realty Destin
Jan 21, 2022 Sold
Sold
Nov 29, 2021 No longer available -
No longer available
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 7,366
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 430
  • Total Building Area: 2,467
  • Gross Building Area: 2,467
  • Building Area: 2,047
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,047
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARADISE RETREAT
  • Land Acres: 0000000169
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 3 BLK D PARADISE RETREAT PB 15-72 OR 2640-2506 OR 2661-1696 OR 3235-2030

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950608

Geography

  • Assessors Map Reference: S2-30-21
  • Parcel: 30-2S-21-42790-00D-0030
  • Block: D
  • Lot: 3
  • Meridian: SEC 30 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3828
  • Longitude: -86.394

    Address

  • Full Address: 145 Marigot Bay Cir
  • Address - House Number: 145
  • Address - Street Name: Marigot Bay
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 8264
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,300
  • Tax Year: 2022
  • Tax Amount: $470,613
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2659
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 982,849
  • High Value: 1,244,219
  • Low Value: 721,479

    Market Valuation

  • Market Total Value: $651,999
  • Market Land Value: $45,898
  • Market Improvement Value: $606,101

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $651,999
  • Assessed Land Value: $45,898
  • Assessed Improvements Value: $606,101

    Sales

  • Current Sale Contract Date: Jan 19, 2022
  • Current Sale Recording Date: Jan 21, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2931
  • Previous Sale Recording Date: Mar 29, 2005
  • Previous Sale Contract Date: Mar 22, 2005
  • Previous Sale Amount: $460,000
  • Previous Sale Document Type: 71
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 145 Marigot Bay Circle built and last sold?
The property at 145 Marigot Bay Circle was built in 2004 and last sold on Jan 19, 2022 for $840,000.
How much is this home worth?
The estimated value of the home located at 145 Marigot Bay Circle is $0.
What are some comparable homes to 145 Marigot Bay Circle?
There are currently no comparable homes to 145 Marigot Bay Circle.