See Home Value
Miramar Beach 32550
169 Norwood Drive
$1,350,000
● House - Off Market

169 Norwood Drive

Miramar Beach, FL 32550
bedrooms
5 Beds
bathrooms
5 Baths
square feet
2,834 Ft²
$8,996
Est. Monthly
0.93%
Cap Rate

About This Property

169 Norwood Dr.: A Turn-Key Coastal Retreat with Gulf Views, Pool, and Steps From the Beach.

Welcome to 169 Norwood Dr., a stunning three-story vacation home in the heart of Miramar Beach, Florida. Recently renovated and expanded, this property features 5 bedrooms, 5 bathrooms, and comfortably accommodates up to 20 guests. Situated just steps from the Gulf of Mexico with no roads to cross, this fully furnished and professionally decorated home is a true turn-key investment opportunity. Enjoy breathtaking Gulf views from multiple balconies and a host of luxurious amenities.

The private outdoor area boasts a 12' x 24' swimming pool surrounded by lush tropical landscaping and swaying palms. The poolside bar is fully equipped with a beverage center, ice maker, sink, TV, and stereo, offering the perfect setup for entertaining or relaxing after a day at the beach. Wraparound balconies on the second and third floors provide stunning Gulf views, where you can enjoy the coastal breeze and serene surroundings.

The first floor includes a bonus den with a queen sleeper sofa and patio access, a king bedroom with an en suite bath featuring a walk-in shower, a bunk room with two twin bunk beds, and a hall bath with a walk-in shower.

The second floor features an open living room with a queen sleeper sofa and balcony access. The fully equipped kitchen includes stainless steel appliances and flows seamlessly into the dining area with seating for eight and additional bar seating for four. A bunk room with a full/twin bunk bed and twin trundle offers additional sleeping space and has access to a shared hall bath with a tub/shower combo. This level also includes a laundry room.

The third floor is home to a king master suite with an en suite bath, a tub/shower combo, and private balcony access with Gulf views. Another king bedroom features a queen sleeper sofa, an en suite bath with a tub/shower combo, and its own private balcony with Gulf views.

Located in a quiet residential neighborhood, 169 Norwood Dr. offers privacy while being conveniently close to Miramar Beach's best attractions. The property is just steps from the beach, with no roads to cross, and is minutes away from restaurants, beach bars, and coffee shops. Enjoy shopping at Silver Sands Premium Outlets, and fine dining and seasonal events at Grand Boulevard and Baytowne Wharf.

With rental projections exceeding $185,000 annually, 169 Norwood Dr. is a rare opportunity to own a high-performing vacation rental property. Its thoughtful design, luxury amenities, proximity to the beach, and Gulf views make it a standout option for families and investors alike.

Don't miss your chance to own this one-of-a-kind coastal retreat. Whether you're seeking a private getaway or a profitable addition to your investment portfolio, 169 Norwood Dr. offers it all.
Unit Size
2,834 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$563
Property Type
House
Property Taxes
$1,164
HOA Dues
-
Year Built
1998

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Last updated: 2 years ago (ECAR MLS #964820)

Price History

Date / Event Date Event Price
Apr 15, 2025 Sold
Sold
Mar 12, 2025 In contract -
In contract
Feb 24, 2025 Price Decreased $1,595,000
↓ $100K (5.9%)
Price Decreased
Jan 13, 2025 Price Decreased $1,695,000
↓ $100K (5.6%)
Price Decreased
Dec 16, 2024 Listed by Gulf Realty 30A LLC $1,795,000
Listed by Gulf Realty 30A LLC
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 17
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 960
  • Parking Space Count: 4
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 6,578
  • Lot Size Depth Feet: 940
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,834
  • Gross Building Area: 2,834
  • Building Area: 2,834
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,834
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANDPIPER BEACH COLONY
  • Land Acres: 0000000151
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LONG DESC AS RECD IN V OR 91-569 BEING LOT 2 SANDPIPER BEACH COLONY UNRECD DESC AS: COM AT NE/C OF SEC 33 N 88 DEG 00W ALG N LN OF SEC 850FT, S 02 DEG W 960FT TO POB CONT S 02 DEG 00W 70FT, N 88 DEG 00W 109FT, N 02 DEG 00E 70FT, S 88 DEG 00E 109FT TO

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950609

Geography

  • Assessors Map Reference: S2-33-21
  • Section: 33
  • Parcel: 33-2S-21-42190-000-0020
  • Lot: 2
  • Meridian: SEC 33 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3738
  • Longitude: -86.3502

    Address

  • Full Address: 169 Norwood Dr
  • Address - House Number: 169
  • Address - Street Name: Norwood
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C027
  • 4-Digit Zip Code: 4910
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 3,147
  • Tax Year: 2022
  • Tax Amount: $1,181,592
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 2,079,123
  • High Value: 2,629,891
  • Low Value: 1,528,356

    Market Valuation

  • Market Total Value: $1,497,371
  • Market Land Value: $500,372
  • Market Improvement Value: $996,999

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,497,371
  • Assessed Land Value: $500,372
  • Assessed Improvements Value: $996,999

    Sales

  • Current Sale Contract Date: Jan 26, 2018
  • Current Sale Recording Date: Jan 29, 2018
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018000002846
  • Previous Sale Recording Date: Jul 10, 2015
  • Previous Sale Contract Date: Jun 26, 2015
  • Previous Sale Amount: $515,000
  • 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 169 Norwood Drive built and last sold?
The property at 169 Norwood Drive was built in 1998 and last sold on Jan 26, 2018 for $1,030,000.
How much is this home worth?
The estimated value of the home located at 169 Norwood Drive is $0.
What are some comparable homes to 169 Norwood Drive?
There are currently no comparable homes to 169 Norwood Drive.