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Miramar Beach 32550
283 Lakeland Drive
$1,100,000
● House - For Sale

283 Lakeland Drive

Miramar Beach, FL 32550
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,428 Ft²
$6,077
Est. Monthly

About This Property

With a projected **$85,000-$108,000 in annual rental income**, this exceptional coastal retreat offers an outstanding opportunity to own a luxury beach home with impressive investment potential. Located just steps from the sugar-white sands of the Gulf and featuring **deeded beach access**, this beautifully appointed residence embodies the best of Emerald Coast living.
Unlike many homes in the area, until recently, this home has never been used as a vacation rental, allowing it to remain exceptionally well maintained and showing true pride of ownership. It offers buyers the rare opportunity to purchase a home with outstanding rental potential that has not experienced the wear and tear often associated with high-occupancy rental properties.
Designed for effortless entertaining and everyday comfort, the open-concept floor plan features soaring ceilings, abundant natural light, and seamless flow between the spacious living room, dining area, and gourmet kitchen. The kitchen is equipped with stainless steel appliances, granite countertops, custom cabinetry, and ample workspace, making it as functional as it is stylish.
Offering four generously sized bedrooms, each thoughtfully designed as a private retreat, the home provides plenty of space for family and guests. Upscale finishes and inviting coastal decor create a warm, relaxing atmosphere throughout. Whether you're looking for a primary residence, second home, or a high-performing vacation rental, this property delivers the perfect combination of luxury, location, and income potential--all just moments from the Gulf's world-famous beaches. The home is being sold fully furnished, so bring your beach towel and get ready to enjoy the best the Emerald Coast has to offer!
Unit Size
2,428 Ft²
Days on Market
75 days
Land Size
-
Price per sqft
$453
Property Type
House
Property Taxes
$676
HOA Dues
-
Year Built
2019

Listed By

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Last updated: 3 months ago (ECAR #1009096)

Price History

Date / Event Date Event Price
Aug 3, 2026 Listed by Go Coastal Realty LLC $1,100,000
Listed by Go Coastal Realty LLC
May 21, 2025 Sold
Sold
Apr 16, 2025 In contract -
In contract
Apr 4, 2025 Price Decreased $1,174,000
↓ $25K (2.1%)
Price Decreased
Nov 6, 2024 Listed by Coldwell Banker Realty $1,199,000
Listed by Coldwell Banker Realty
$99k in rental income potential! Just steps away from the pristine sands of the Gulf, this elegant residence seamlessly combines coastal charm with refined style. Perfectly situated for beach lovers and includes deeded beach access, this home offers both the relaxation of seaside living and the warmth of a beautifully designed interior. Inside, a welcoming open floor plan with high ceilings flows effortlessly from the spacious living room to the dining area and gourmet kitchen, creating an inviting space for gatherings. The kitchen shines with stainless steel appliances, custom cabinetry, and granite countertops, making it as functional as it is stylish. Each of the four sunlit bedrooms serves as a cozy retreat, featuring luxurious finishes that make every space feel special. The three impeccably designed bathrooms showcase high-end fixtures, adding a touch of elegance throughout. With excellent rental projections, this property presents a fantastic investment opportunity in the booming vacation rental market. As part of the exclusive Villas of Frangista community, residents enjoy access to a private pool and deeded beach access, making it easy to relax and unwind just moments from home. Don't miss out on this rare opportunity to own a piece of paradise in sought-after Miramar Beach!
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Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Kitchen Island, Pantry, Ceiling Vaulted, Washer/Dryer Hookup
Appliances: Dishwasher, Microwave, Refrigerator, Water Heater, Stove/Oven Electric
Flooring Type: Vinyl
Rooms: 6
Exterior Details
Square Footage: 2428
Property Condition: Construction Complete
Architectural Style: Beach House
Year Built: 2019
Building Area Total: 2428
Construction Materials: Stucco, Siding CmntFbrHrdBrd
Patio and Porch Features: Covered
Pool Features: Pool Type
Lot Features: Restrictions, Within 1/2 Mile to Water
Lot Size Units: Acres
Lot Size Dimensions: 50X90
Water Source: Public
Financial Details
Tax Assessed Value: $450
Tax Annual Amount: $8,110
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Security, Accounting, Management, Recreational Faclty

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 200
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,966
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,869
  • Gross Building Area: 2,869
  • Building Area: 2,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,428
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANGISTA BEACH 2ND ADDITION
  • Land Acres: 0000000114
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 1 BLK K FRANGISTA BEACH 2ND ADDITION PB 3-41 OR 1754-243 OR 2619-2550 OR 2633-3952 OR 2633-4001 OR 2667-394 OR 3060-4046 OR 3144-2409

Neighborhood

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

Geography

  • Assessors Map Reference: S2-32-21
  • Parcel: 32-2S-21-42050-00K-0010
  • Block: K
  • Lot: 1
  • Meridian: SEC 32 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3816
  • Longitude: -86.3749

    Address

  • Full Address: 283 Lakeland Dr
  • Address - House Number: 283
  • Address - Street Name: Lakeland
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C015
  • 4-Digit Zip Code: 4634
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,776
  • Tax Year: 2022
  • Tax Amount: $595,988
  • 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: 1,248,789
  • High Value: 1,570,756
  • Low Value: 926,822

    Market Valuation

  • Market Total Value: $786,768
  • Market Land Value: $139,769
  • Market Improvement Value: $646,999

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $786,768
  • Assessed Land Value: $139,769
  • Assessed Improvements Value: $646,999

    Sales

  • Current Sale Contract Date: May 27, 2020
  • Current Sale Recording Date: May 29, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200018164
  • Previous Sale Recording Date: Dec 27, 2017
  • Previous Sale Contract Date: Dec 22, 2017
  • Previous Sale Amount: $315,000
  • 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 283 Lakeland Drive built and last sold?
The property at 283 Lakeland Drive was built in 2019 and last sold on May 27, 2020 for $549,000.
How much is this home worth?
The estimated value of the home located at 283 Lakeland Drive is $1,118,084.
What are some comparable homes to 283 Lakeland Drive?
There are currently no comparable homes to 283 Lakeland Drive.