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Miramar Beach 32550
275 Payne Street
Photo of 275 Payne Street

59

Map

Photo of 275 Payne Street
Photo of 275 Payne Street
$1,150,000
● House - In Contract

275 Payne Street

Miramar Beach, FL 32550
bedrooms
6 Beds
bathrooms
4 Baths
square feet
2,296 Ft²
$6,035
Est. Monthly

About This Property

Price drastically reduced!! This fully furnished 6-bedroom home is only 2 blocks from world-class beach access in Miramar Beach and Pompano Joe's. This oversized 74x114 corner lot has a large resort style heated pool. Plenty of room to add a summer kitchen, putting green and more. This turnkey opportunity will accommodate near-immediate use and enjoyment for owners desiring a magnificent coastal lifestyle or an excellent short-term rental opportunity.
Unit Size
2,296 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$501
Property Type
House
Property Taxes
$388
HOA Dues
-
Year Built
2007

Listed By

James Bauerly
[email protected]
A List Beach Realty LLC

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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: 29 days ago (ECAR #987321)

Price History

Date / Event Date Event Price
Sep 4, 2026 In contract -
In contract
Jul 30, 2026 Price Decreased $1,150,000
↓ $45K (3.8%)
Price Decreased
Jul 16, 2026 Price Decreased $1,195,000
↓ $15K (1.2%)
Price Decreased
Jul 3, 2026 Price Decreased $1,210,000
↓ $5K (0.4%)
Price Decreased
Jun 26, 2026 Price Decreased $1,215,000
↓ $10K (0.8%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Interior Details
Full Bathrooms: 4
Interior Features: Owner's Closet
Appliances: Dishwasher, Dryer, Washer, Water Heater, Smoke Detector
Rooms: 9
Exterior Details
Square Footage: 2296
Property Condition: Construction Complete
Architectural Style: Beach House
Year Built: 2007
Building Area Total: 2296
Construction Materials: Siding CmntFbrHrdBrd
Patio and Porch Features: Porch
Pool Features: Pool - In-Ground, Pool Type
Lot Features: Within 1/2 Mile to Water
Lot Size Area: 0.19
Lot Size Units: Acres
Lot Size Acres: 0.19
Lot Size Square Feet: 8276.4
Lot Size Dimensions: 74x114
Financial Details
Tax Annual Amount: $4,656
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2009
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 8,407
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 740
  • Total Building Area: 2,296
  • Gross Building Area: 2,296
  • Building Area: 2,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,296
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: S/D OF SE4
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: COM SW/C OF LOT 65,N 330FT, E 165FT, S 200FT TO POB, S 114FT W 74FT, N 114FT, E 74FT TO POB OR 2649-4421 OR 2884-4730 OR 3076-2063 OR 3217-4629 OR 3273-4550

Neighborhood

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

Geography

  • Assessors Map Reference: S2-30-21
  • Parcel: 30-2S-21-42290-000-0652
  • Block: 6
  • Lot: 65
  • Meridian: SEC 30 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3812
  • Longitude: -86.3843

    Address

  • Full Address: 275 Payne St
  • Address - House Number: 275
  • Address - Street Name: Payne
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C015
  • 4-Digit Zip Code: 5294
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,389
  • Tax Year: 2022
  • Tax Amount: $457,139
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 832,982
  • High Value: 1,047,745
  • Low Value: 618,220

    Market Valuation

  • Market Total Value: $493,277
  • Market Land Value: $145,610
  • Market Improvement Value: $347,667

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $493,277
  • Assessed Land Value: $145,610
  • Assessed Improvements Value: $347,667

    Sales

  • Current Sale Contract Date: Sep 23, 2021
  • Current Sale Recording Date: Sep 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210048227
  • Previous Sale Recording Date: Jun 13, 2018
  • Previous Sale Contract Date: Jun 08, 2018
  • Previous Sale Amount: $740,000
  • 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:

$735,000

Sale Price/ft²

$500

Below Asking

0.03%

Average Days on Market

83

Average Home Size

1709 ft²

Average Home Age

26.6 years

Currently For Sale

985 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

Rentals Near You

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ECAR

Listed by: James W Bauerly, A List Beach Realty LLC
Last Updated: 29 days ago
Data Source: Emerald Coast MLS (ECAR), MLS# 987321
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 275 Payne Street built and last sold?
The property at 275 Payne Street was built in 2007 and last sold on Sep 23, 2021 for $1,305,000.
How much is this home worth?
The estimated value of the home located at 275 Payne Street is $1,161,500.
What are some comparable homes to 275 Payne Street?
There are currently no comparable homes to 275 Payne Street.
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