$435,000
●
Condo -
Off Market
159 Sunset Bay #UNIT23A
Miramar Beach, FL 32550
2 Beds
2 Baths
$4,964
Est. Monthly
$2,548
HOA / Fees
-3.34%
Cap Rate
About This Property
Enjoy coastal living in this renovated 2-bedroom, 2-bath
ground-floor villa overlooking the golf course. Located in the
exclusive and gated Seascape Resort, between Destin and 30A, this
property offers private beach access, 8 tennis courts, an golf
course, pools, hot tub, and the modern Seascape Towne Centre with
dining, shopping, and family entertainment.
Fully furnished and tastefully decorated, the villa features recent upgrades, excellent natural light, a spacious living and dining area, a fully equipped kitchen, a private patio perfect for relaxing, and an exterior storage closet for beach gear. The primary bedroom has an en-suite bath, and the guest room comfortably accommodates family or friends.
Ideal as a vacation rental, second home, or full-time residence.
Fully furnished and tastefully decorated, the villa features recent upgrades, excellent natural light, a spacious living and dining area, a fully equipped kitchen, a private patio perfect for relaxing, and an exterior storage closet for beach gear. The primary bedroom has an en-suite bath, and the guest room comfortably accommodates family or friends.
Ideal as a vacation rental, second home, or full-time residence.
Unit Size
-
Days on Market
188 days
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$206
HOA Dues
$2,548
Year Built
-
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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: 11 months ago (ECAR #977854)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 8, 2025 | Sold | ||
| Sold | |||
| Nov 13, 2025 | In contract | - | |
| In contract | |||
| Jul 7, 2025 | Price Decreased |
$450,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Jun 3, 2025 | Listed by Compass | $455,000 | |
| Listed by Compass | |||
Property Highlights
Interior Details
Full Bathrooms: 2
Interior Features: Washer/Dryer Hookup
Appliances: Microwave, Refrigerator, Trash Compactor, Smoke Detector, Stove/Oven Electric, Water Heater - Elect
Flooring Type: Floor Tile
Rooms: 5
Exterior Details
Has Property Attached
Security Features: Fire Alarm/Sprinkler
Property Condition: Construction Complete
Architectural Style: N/A
Year Built: 1978
Building Area Total: 1110
Window Features: Window Treatment All
Construction Materials: Frame, Siding Wood
Pool Features: Pool Type
Pool is Private
Lot Size Units: Acres
Financial Details
Tax Annual Amount: $2,474
Utilities Details
Cooling Type: Ceiling Fan(s)
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Sewer, Water, Cable TV, Trash, Accounting, Ground Keeping, Internet Service, Management
HOA Fee Frequency: Quarterly
Condo/Coop Fee: $2,548
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/03/2025
|
2 Bed
|
2 Bath
|
-
|
$455,000
2 Bed
2 Bath
|
$435,000
-4.40%
12/08/2025
|
Maria I Paez Mossing
Compass
| |
|
06/07/2018
|
2 Bed
|
2 Bath
|
1110 ft²
|
-
2 Bed
2 Bath
1110 ft²
|
-
-
|
-
| |
|
06/07/2018
| |
2 Bed
|
2 Bath
|
1110 ft²
|
-
2 Bed
2 Bath
1110 ft²
|
-
-
|
-
|
|
07/30/2017
| |
2 Bed
|
2 Bath
|
1110 ft²
|
-
2 Bed
2 Bath
1110 ft²
|
-
-
|
-
|
|
02/26/2014
|
2 Bed
|
2 Bath
|
1110 ft²
|
$159,000
2 Bed
2 Bath
1110 ft²
|
$149,000
-6.29%
06/10/2014
|
Frankie Henslee
Destination Real Estate Group
|
Building Info
About Miramar Beach
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Listed by: Maria I Paez Mossing, Compass
Last Updated: 11 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 977854
Last Updated: 11 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 977854
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