$633,500
●
Condo -
Off Market
162 Windancer Lane #UNIT205
Miramar Beach, FL 32550
1 Bed
1 Bath,
1
Half Bath
$4,173
Est. Monthly
$694
HOA / Fees
1.36%
Cap Rate
About This Property
An Emerald Coast opportunity that rarely comes along! Here is your
chance to own a coveted Windancer, providing a turnkey rental
investment boasting the views and income to prove it. Conveniently
located in the heart of Miramar Beach, this low density gem, only 4
stories and 48 units total, puts you right in the action, all while
maintaining quaint privacy.
In addition to the stunning Gulf of Mexico views, this second floor beachfront condo offers one bedroom sleeping up to six. Crisp and freshly renovated, enjoy new flooring, granite countertops, new paint, living room furniture, and appliances!
A short stroll to all the happenings in Miramar Beach! Book your showing and don't miss this rare opportunity to own a piece of paradise.
In addition to the stunning Gulf of Mexico views, this second floor beachfront condo offers one bedroom sleeping up to six. Crisp and freshly renovated, enjoy new flooring, granite countertops, new paint, living room furniture, and appliances!
A short stroll to all the happenings in Miramar Beach! Book your showing and don't miss this rare opportunity to own a piece of paradise.
Unit Size
-
Days on Market
9 days
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$287
HOA Dues
$694
Year Built
-
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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: 2 years ago (ECAR #939993)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 22, 2024 | Sold | ||
| Sold | |||
| Jan 13, 2024 | Listed by Ocean Reef Realty Inc | $650,000 | |
| Listed by Ocean Reef Realty Inc | |||
Property Highlights
Elevator
Air Conditioning
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Breakfast Bar, Pantry, Hallway Bunk Beds, Lighting Recessed, Newly Painted, Owner's Closet, Washer/Dryer Hookup
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer, Oven Self Cleaning, Stove/Oven Electric, Water Heater - Elect
Flooring Type: Floor Tile, Floor Vinyl
Rooms: 3
Exterior Details
Security Features: Fire Alarm/Sprinkler
Property Condition: Renovated, Construction Complete
Architectural Style: N/A
Year Built: 1996
Waterfront Features: Gulf
Building Area Total: 806
Window Features: Window Treatment All
Construction Materials: Frame, Stucco, Trim Aluminum
Pool Features: Pool - Heated, Pool - In-Ground, Pool Type
Lot Size Units: Acres
Financial Details
Tax Annual Amount: $3,440
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Sewer, Water, Cable TV, Trash, Accounting, Ground Keeping, Internet Service, Legal, Licenses/Permits, Management, Master Association, Repairs/Maintenance
HOA Fee Frequency: Monthly
Condo/Coop Fee: $694
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 |
|---|---|---|---|---|---|---|---|
|
10/06/2025
|
1 Bed
|
2 Bath
|
-
|
$699,000
1 Bed
2 Bath
|
$699,000
12/18/2025
|
Abbott Martin Group
EXP Realty LLC
| |
|
06/07/2025
|
2 Bed
|
2 Bath
|
-
|
$750,000
2 Bed
2 Bath
|
$750,000
06/20/2025
|
Chris Taylor
Ocean Reef Realty Inc
| |
|
02/05/2025
|
1 Bed
|
1 Bath
|
-
|
$655,000
1 Bed
1 Bath
|
$645,000
-1.53%
03/13/2025
|
Jessica Forrester
FIV Realty Co Florida LLC
| |
|
12/06/2024
|
1 Bed
|
2 Bath
|
806 ft²
|
$695,000
1 Bed
2 Bath
806 ft²
|
$672,500
-3.24%
01/13/2025
|
Jessica Forrester
FIV Realty Co Florida LLC
| |
|
01/13/2024
|
1 Bed
|
1 Bath
|
-
|
$650,000
1 Bed
1 Bath
|
$633,500
-2.54%
01/22/2024
|
Chris Taylor
Ocean Reef Realty Inc
| |
|
09/27/2023
|
1 Bed
|
1.5 Bath
|
806 ft²
|
$624,900
1 Bed
1.5 Bath
806 ft²
|
-
-
|
Abbott Martin Group
EXP Realty LLC
| |
|
09/02/2020
|
1 Bed
|
2 Bath
|
806 ft²
|
$465,000
1 Bed
2 Bath
806 ft²
|
$455,000
-2.15%
12/22/2020
|
Stacy M Lamon
| |
|
03/25/2020
|
1 Bed
|
2 Bath
|
806 ft²
|
$439,900
1 Bed
2 Bath
806 ft²
|
$430,000
-2.25%
05/18/2020
|
Brad Hilderbrand
| |
|
02/08/2020
|
1 Bed
|
1 Bath
|
-
|
$429,000
1 Bed
1 Bath
|
$424,500
-1.05%
03/14/2020
|
Heather Gopaul
Destin Realty Inc
| |
|
10/17/2019
|
1 Bed
|
2 Bath
|
806 ft²
|
$425,000
1 Bed
2 Bath
806 ft²
|
$410,000
-3.53%
11/25/2019
|
Janette A Klein
| |
|
02/21/2019
|
3 Bed
|
2 Bath
|
1612 ft²
|
$599,900
3 Bed
2 Bath
1612 ft²
|
$583,000
-2.82%
11/22/2019
|
Cindy Cole
Sunset Home Sales
| |
|
07/30/2017
| |
1 Bed
|
1.5 Bath
|
806 ft²
|
-
1 Bed
1.5 Bath
806 ft²
|
-
-
|
-
|
|
06/09/2016
|
1 Bed
|
2 Bath
|
806 ft²
|
$379,000
1 Bed
2 Bath
806 ft²
|
$342,300
-9.68%
11/22/2016
|
At The Beach Team
Keller Williams Realty Destin
| |
|
01/25/2016
|
1 Bed
|
2 Bath
|
806 ft²
|
$335,000
1 Bed
2 Bath
806 ft²
|
$315,000
-5.97%
10/23/2017
|
Shannyn Stevenson
Newman Dailey Resort Properties
| |
|
11/11/2015
|
1 Bed
|
2 Bath
|
806 ft²
|
$344,900
1 Bed
2 Bath
806 ft²
|
$330,000
-4.32%
12/21/2015
|
Nathan Abbott Team
ResortQuest Real Estate Destin
| |
|
10/29/2015
|
1 Bed
|
2 Bath
|
806 ft²
|
$374,000
1 Bed
2 Bath
806 ft²
|
$357,000
-4.55%
11/16/2015
|
Harstvedt and Lamon Team
Ocean Reef Realty Inc
| |
|
10/20/2015
|
1 Bed
|
2 Bath
|
806 ft²
|
$369,000
1 Bed
2 Bath
806 ft²
|
$358,000
-2.98%
02/01/2017
|
Shannyn Stevenson
Newman Dailey Resort Properties
| |
|
03/11/2015
|
2 Bed
|
2 Bath
|
1268 ft²
|
$499,000
2 Bed
2 Bath
1268 ft²
|
$440,000
-11.82%
04/30/2015
|
Amy Berry
Sandestin Real Estate
| |
|
03/03/2013
|
2 Bed
|
2 Bath
|
1268 ft²
|
$315,000
2 Bed
2 Bath
1268 ft²
|
$299,000
-5.08%
07/08/2013
|
Annemarie Kronfuss
ERA American Real Estate
| |
|
03/16/2012
|
1 Bed
|
2 Bath
|
806 ft²
|
$273,900
1 Bed
2 Bath
806 ft²
|
$260,000
-5.07%
04/01/2013
|
Hal Mullins
Beachview Realty Group LLC
| |
|
09/10/2011
|
1 Bed
|
2 Bath
|
806 ft²
|
$325,000
1 Bed
2 Bath
806 ft²
|
$260,000
-20.00%
12/13/2012
|
Shannyn Stevenson
Newman Dailey Resort Properties
| |
|
08/24/2006
|
1 Bed
|
2 Bath
|
806 ft²
|
$274,500
1 Bed
2 Bath
806 ft²
|
$265,000
-3.46%
01/30/2014
|
Howard Dolgoff
Emerald Coast Properties Inc
|
Building Info
About Miramar Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Chris Taylor, Ocean Reef Realty Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 939993
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 939993
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