$583,000
●
Condo -
Off Market
162 Windancer Lane #402
Miramar Beach, FL 32550
3 Beds
2 Baths
1,612 Ft²
$878,114
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model
About This Property
Spectacular top-floor renovation in gulf-front Windancer.
Dare-to-compare this light, bright, custom renovation including all
new flooring, electronics, and modern, designer furnishings. The
innovative custom floating staircase leading to 2nd floor bedrooms
is designed to maximize gulf views from the fresh all-white kitchen
which includes new cabinetry, granite counters, and new appliances.
The master is conveniently and privately located on the unit's
first floor. Completely updated bathrooms are clean-as-a-whistle
with new tile, counters and cabinets. You can't get closer to the
beach than Windancer. This low-density, four-story, 48 unit
building includes a sizable gulf-front heated pool. Vacation rental
income began April 1, 2019 and will top $45K for the partial year.
Introduced post-renovation to the rental market in mid-2018, unit
402 is expected to top $45,000 In rental income for 2019 and is
expected to top $50,000 in 2020.
Unit Size
1,612 Ft²
Days on Market
-
Land Size
-
Price per sqft
$372
Property Type
Condo
Property Taxes
-
HOA Dues
$736
Year Built
-
Payment Calculator
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Cap Rate Calculator
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Monthly Rental Income
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Operating Profit Per Year
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 MLS #816614)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 22, 2019 | Sold | ||
| Sold | |||
| Feb 21, 2019 | Listed by Keller Williams Realty Destin | $599,900 | |
| Listed by Keller Williams Realty Destin | |||
Property Highlights
Elevator
Air Conditioning
Parking Details
Parking Features: Guest
Interior Details
Bedrooms: 3
Full Bathrooms: 2
Interior Features: Breakfast Bar, Ceiling Vaulted, Floor Tile, Floor WW Carpet, Furnished - All, Washer/Dryer Hookup, Window Treatment All
Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator W/IceMk, Smooth Stovetop Rnge, Stove/Oven Electric, Washer
Rooms: 6
Exterior Details
Property Condition: Construction Complete
Year Built: 1996
Construction Materials: Roof Composite Shngl, Stucco, Trim Aluminum
Pool Features: Pool Type
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Utilities: Electric, Public Sewer, Public Water, TV Cable
Location Details
Association Fee Includes: Accounting, Ground Keeping, Insurance, Legal, Management, Sewer, Water, Cable TV, Trash
Association Fee Frequency: Monthly
Association Fee2: $736
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
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Listed by: Cindy Cole, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 816614
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 816614
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