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Miramar Beach 32550
1845 Boardwalk Drive
$962,500
● House - Off Market

1845 Boardwalk Drive

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$6,130
Est. Monthly
$387
HOA / Fees
1.12%
Cap Rate

About This Property

GOLF COURSE LIVING IN SANDESTIN! This exceptional property is perfectly located on the 5th hole of the Baytowne Golf Course at The Sandestin Golf and Beach Resort. Enjoy stunning fairway views and seasonal fireworks from your private screened patio or second-story balcony. Inside, the home is a modern beach oasis, featuring white quartz countertops, open shelving, and stainless steel appliances in the designer kitchen. The inviting living area includes custom features for enhanced comfort. Upstairs, find the primary suite, two spacious bedrooms, and bonus office space. A one-car garage and a 6-seater golf cart are included. Easy access to the community pool!
Unit Size
-
Days on Market
332 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$586
HOA Dues
$387
Year Built
2012

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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: 8 months ago (ECAR #972628)

Price History

Date / Event Date Event Price
Feb 26, 2026 Sold
Premium
Sold
Feb 1, 2026 In contract -
In contract
Mar 31, 2025 Listed by Compass $1,050,000
Listed by Compass
Aug 18, 2020 Sold
Premium
Sold
Jul 9, 2020 No longer available -
No longer available
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 196
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,201
  • Total Building Area: 2,204
  • Gross Building Area: 2,204
  • Building Area: 2,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLA LAGO
  • Land Acres: 0000000074
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 4 VILLA LAGO S/D PB 17-15 OR 2761-3137 OR 2817-2007 OR 2827-1903 OR 2902-2756 OR 3155-2974

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950607

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-23-21
  • Parcel: 23-2S-21-42250-000-0040
  • Lot: 4
  • Meridian: SEC 23 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3936
  • Longitude: -86.3213

    Address

  • Full Address: 1845 Boardwalk Dr
  • Address - House Number: 1845
  • Address - Street Name: Boardwalk
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 5896
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,187
  • Tax Year: 2022
  • Tax Amount: $624,347
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2659
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 1,076,849
  • High Value: 1,363,217
  • Low Value: 790,482

    Market Valuation

  • Market Total Value: $746,915
  • Market Land Value: $215,577
  • Market Improvement Value: $531,338

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $746,915
  • Assessed Land Value: $215,577
  • Assessed Improvements Value: $531,338

    Sales

  • Current Sale Contract Date: Aug 18, 2020
  • Current Sale Recording Date: Aug 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200031103
  • Previous Sale Recording Date: Oct 16, 2012
  • Previous Sale Contract Date: Oct 01, 2012
  • Previous Sale Amount: $411,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Miramar Beach

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$492

Below Asking

0.03%

Average Days on Market

110

Average Home Size

1724 ft²

Average Home Age

26.4 years

Currently For Sale

686 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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ECAR

Listed by: Anne D Suchevits, Compass
Last Updated: 8 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 972628
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 1845 Boardwalk Drive built and last sold?
The property at 1845 Boardwalk Drive was built in 2012 and last sold on Aug 18, 2020 for $610,000.
How much is this home worth?
The estimated value of the home located at 1845 Boardwalk Drive is $0.
What are some comparable homes to 1845 Boardwalk Drive?
There are currently no comparable homes to 1845 Boardwalk Drive.
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