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Miramar Beach 32550
219 Open Gulf Street
$8,995,000
● House - For Sale

219 Open Gulf Street

Miramar Beach, FL 32550
bedrooms
10 Beds
bathrooms
8 Baths, 2 Half Baths
square feet
5,961 Ft²
$49,251
Est. Monthly

About This Property

Rare find and cash-flowing investment opportunity with this beachfront home. Beachfront Bliss is one of the finest income-producing properties on the Emerald Coast.

'Beachfront Bliss' already has $696,000 booked for 2026 despite owner usage, with projected 2026 rental revenue of $750,000, excluding owner stays.

Built in 2018, this exceptional property has 10 bedrooms, 8 full bathrooms, 2 half bathrooms, and nearly 6,000 square feet of living space with panoramic views designed to comfortably accommodate large groups.

Beachfront Bliss is a bespoke treasure gracing the coveted Miramar Beach shoreline along the Emerald Coast. FIRST FLOOR AND POOL AREA

You'll be mesmerized as you walk through the grand entry doors and effortlessly flow into the sprawling main-level gathering room filled with a plethora of seating for entertainment and dining, along with a newly remodeled kitchenette and gaming area.

Being bathed in sunlight with floor-to-ceiling sliding glass doors that optimize a visual masterpiece of the gulf, you'll enjoy the beauty of the beach while relaxing in this open-concept haven. With two large primary bedrooms and spacious en suite bathrooms, an additional half bath, a bunk room, laundry, and an elevator, this floor really does have it all!

SECOND FLOOR

A custom chef's kitchen complete with professional-grade appliances and an oversized marble island set the stage for culinary dreams. With unobstructed views of the gorgeous water and cotton-candy sunsets, you have the perfect backdrop for gathering with friends and family.

This space feels massive with 20-foot ceilings and windows draping every wall. It expands to a lofty outdoor balcony with an industrial built-in grill, dining, and an additional lounging area ideal for breathing in the healing salt air and stunning views. This floor also offers a large pantry, fireplace and bar in the main living room, a half bath, a primary bedroom with en suite bathroom and balcony, and a large bunk room that sleeps 8 with an en suite bathroom.

THIRD FLOOR

The third floor is filled with posh private suites that provide personal sanctuaries for guests and friends. The main hall leads to a bunk room (sleeps 8) with en suite bathroom and two more bedrooms with en suite bathrooms.

A large laundry room with washer and dryer and built-in cabinetry, along with a bar, line the walls of the hall leading to the extravagant oceanfront master suites. These two majestic bedrooms and en suite master baths encapsulate an unparalleled experience marrying lavish design with tranquility.

This home was richly designed with opulence, comfort, and functionality at the forefront. Beachfront Bliss is a rare opportunity for a beloved legacy property in the heart of Miramar Beach.

POOL & PRIVATE BEACH ACCESS

With a continuation of beachfront luxury, the outdoor pool area is perfectly designed for entertaining, boasting an infinity spa and large heated pool, both complete with custom lighting. Whether you want to bask in the rays of the sun or take refuge for a few hours in the shade, this backyard oasis has room for everyone! The crowning jewel, of course, is your own private beach access that makes every beach day a breeze.

INVESTOR INFO

~Turnkey Opportunity: Destin Dreamers is managing and can seamlessly transfer management.

~Unique and Rare: Few beachfronts with these rental numbers become available, and beachfronts are in high demand and tight supply.

~2025 Rental Numbers: $608,348

~2026 Booked Reservations (with more to come): $696,000. This number is pure nightly rate and does not include cleaning fees or taxes. ( The owner can count on rental income from day one. Multiple 2027 reservations on the books.

~Comparable: Empty beachfront lots in this area are listed at $7 million. For a little more, you can own a 10 bedroom rental property on the same water producing income from the start.

~Appreciation: Miramar Beach beachfront appreciates on four compounding factors: scarcity, rental performance, market momentum, and irreplaceability. It already outperforms 30A on yield-to-price -- with meaningful upside still ahead.


**All information including dimensions should be confirmed by the buyer. Managed by Destin Dreamers and can seamlessly continue with bookings and management.
Unit Size
5,961 Ft²
Days on Market
179 days
Land Size
0.40 acres
Price per sqft
$1,509
Property Type
House
Property Taxes
$5,083
HOA Dues
-
Year Built
2018

Listed By

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Last updated: 2 months ago (ECAR #1000386)

Price History

Date / Event Date Event Price
Apr 10, 2026 Listed by Legacy Premier Agency LLC $8,995,000
Listed by Legacy Premier Agency LLC
Jul 5, 2022 Sold
Sold
Mar 24, 2022 No longer available -
No longer available
Mar 10, 2022 Listed by Legacy Premier Agency LLC $8,199,000
Listed by Legacy Premier Agency LLC
Jan 22, 2021 Sold
Sold
Show More

Property Highlights

Garage
Elevator
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 2
Full Bathrooms: 8
Interior Features: Breakfast Bar, Elevator, Kitchen Island, Pantry, Wet Bar, Ceiling Raised, Fireplace, Hallway Bunk Beds, Lighting Recessed, Owner's Closet, Split Bedroom, Upgraded Media Wing
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer, Gas Water Heater, Auto Garage Door Opn, Oven Self Cleaning, Smoke Detector, Stove/Oven Gas
Flooring Type: Floor Tile
Rooms: 13
Has Fireplace
Fireplace Features: Fireplace Gas
Exterior Details
Square Footage: 5961
Security Features: Fire Alarm
Property Condition: Renovated, Construction Complete
Architectural Style: Mediterranean
Year Built: 2018
Waterfront Features: Waterfront, Gulf, Shore - Natural
Building Area Total: 5961
Window Features: Window Treatmnt Some
Construction Materials: Frame, Stucco, Foundation Off Grade
Patio and Porch Features: Covered, Enclosed, Patio, Porch, Deck Open
Pool Features: Heated, Pool - In-Ground, Pool Type
Pool is Private
Lot Features: Cleared, Level, Dead End, Within 1/2 Mile to Water
Lot Size Area: 0.4
Lot Size Units: Acres
Lot Size Acres: 0.4
Lot Size Square Feet: 17424
Lot Size Dimensions: 48.70 x 353
Financial Details
Tax Annual Amount: $60,997
Utilities Details
Cooling Type: Central Air
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 4
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 648
  • Parking Space Count: 5
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 17,598
  • Lot Size Depth Feet: 3,670
  • Lot Size Frontage Feet: 480
  • Total Building Area: 6,609
  • Gross Building Area: 6,609
  • Building Area: 5,961
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 5,961
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RICHARDS S/D
  • Land Acres: 0000000404
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 2 BLK 3 A. E. RICHARDS S/D DESC AS: COM AT NE/C OF SEC 33 N 88 DEG W 439.4FT ALG SEC LN, S 02 DEG 15W 1225.7FT TO NE/C OF LOT 1 BLK 3 S 83 DEG W ALG BEACH ST 49.1OFT TO POB, S 83 DEG W 49.10FT, S 02 DEG 15W 353FT MOL TO GULF, SELY ALONG GULF 48.9

Neighborhood

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

Geography

  • Assessors Map Reference: S2-33-21
  • Section: 33
  • Parcel: 33-2S-21-42180-003-0020
  • Block: 3
  • Lot: 2
  • Meridian: SEC 33 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3726
  • Longitude: -86.349

    Address

  • Full Address: 219 Open Gulf St
  • Address - House Number: 219
  • Address - Street Name: Open Gulf
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C027
  • 4-Digit Zip Code: 8104
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 6,728
  • Tax Year: 2022
  • Tax Amount: $5,006,824
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 7,074,975
  • High Value: 8,899,068
  • Low Value: 5,250,881

    Market Valuation

  • Market Total Value: $5,402,619
  • Market Land Value: $2,256,921
  • Market Improvement Value: $3,145,698

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,402,619
  • Assessed Land Value: $2,256,921
  • Assessed Improvements Value: $3,145,698

    Sales

  • Current Sale Contract Date: Jun 28, 2022
  • Current Sale Recording Date: Jul 05, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 31112
  • Previous Sale Recording Date: Jan 22, 2021
  • Previous Sale Contract Date: Jan 22, 2021
  • Previous Sale Amount: $5,900,000
  • 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 219 Open Gulf Street built and last sold?
The property at 219 Open Gulf Street was built in 2018 and last sold on Jun 28, 2022 for $8,150,000.
How much is this home worth?
The estimated value of the home located at 219 Open Gulf Street is $9,021,625.
What are some comparable homes to 219 Open Gulf Street?
There are currently no comparable homes to 219 Open Gulf Street.