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Miramar Beach 32550
187 Sandy Cay Drive
$925,000
● House - Off Market

187 Sandy Cay Drive

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
2 Baths
$6,542
Est. Monthly
$1,361
HOA / Fees
0.15%
Cap Rate

About This Property

Welcome to Rustic Retreat-a proven rental powerhouse with serious income potential and charm to spare. With $126,074 in rental income for 2023 and $101,200 for 2024, plus 100 glowing five-star reviews, this fully furnished coastal gem isn't just a vacation home-it's a high-performing investment in one of the most desirable spots along the Emerald Coast.

Tucked inside the gated Paradise Retreat community, this 3-bedroom, 2-bath beach home maximizes space and style across 1,586 square feet-and comfortably sleeps up to 14 guests thanks to a smart bunk room conversion. Inside, the open floor plan flows effortlessly from a remodeled kitchen to a cozy living space ideal for relaxing or entertaining. Enjoy the upgraded breakfast bar, dry bar, and a thoughtfully designed interior that blends comfort and functionality. The oversized primary suite is a standout with upgraded tile, stone finishes, and a walk-through bunk area that adds both versatility and extra sleeping capacity.

Step outside to your own private oasiscomplete with a heated saltwater pool featuring a lounging shelf and splash pad, surrounded by swaying hammocks and lush landscaping. Fire up the grill in the outdoor kitchen, or unwind with a drink in hand while the kids splash and play. There's also a garage and ample parking, making guest stays easy and convenient.

Best of all? You're less than half a mile from the beach with 320 feet of private, deeded accessplus top-rated restaurants, shopping, and entertainment just minutes away. Whether you're looking for a second home, short-term rental investment, or both, 187 Sandy Cay Dr checks all the boxes.
Unit Size
-
Days on Market
71 days
Land Size
0.15 acres
Price per sqft
-
Property Type
House
Property Taxes
$516
HOA Dues
$1,361
Year Built
2004

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Last updated: 2 years ago (ECAR #976701)

Price History

Date / Event Date Event Price
Jul 31, 2025 Sold
Sold
Jul 3, 2025 In contract -
In contract
May 19, 2025 Listed by EXP Realty LLC $950,000
Listed by EXP Realty LLC
Sep 21, 2021 No longer available -
No longer available
Sep 20, 2021 Sold
Sold
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 6,447
  • Lot Size Depth Feet: 1,290
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,986
  • Gross Building Area: 1,986
  • Building Area: 1,586
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,586
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARADISE RETREAT
  • Land Acres: 0000000148
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 6 BLK B PARADISE RETREAT PB 15-72 OR 2644-1217 OR 2646-3395 OR 2871-415 OR 3104-3094 OR 3217-212

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950608

Geography

  • Assessors Map Reference: S2-30-21
  • Parcel: 30-2S-21-42790-00B-0060
  • Block: B
  • Lot: 6
  • Meridian: SEC 30 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3836
  • Longitude: -86.394

    Address

  • Full Address: 187 Sandy Cay Dr
  • Address - House Number: 187
  • Address - Street Name: Sandy Cay
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 8269
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,824
  • Tax Year: 2022
  • Tax Amount: $604,708
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2259
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 1,022,969
  • High Value: 1,254,103
  • Low Value: 791,835

    Market Valuation

  • Market Total Value: $652,512
  • Market Land Value: $45,898
  • Market Improvement Value: $606,614

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $652,512
  • Assessed Land Value: $45,898
  • Assessed Improvements Value: $606,614

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Sep 20, 2021
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210047119
  • Previous Sale Recording Date: May 06, 2019
  • Previous Sale Contract Date: Apr 29, 2019
  • Previous Sale Amount: $340,000
  • 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 187 Sandy Cay Drive built and last sold?
The property at 187 Sandy Cay Drive was built in 2004 and last sold on Sep 17, 2021 for $799,000.
How much is this home worth?
The estimated value of the home located at 187 Sandy Cay Drive is $959,500.
What are some comparable homes to 187 Sandy Cay Drive?
There are currently no comparable homes to 187 Sandy Cay Drive.