$415,000
●
Condo -
Off Market
283 Sunset Bay #UNIT28C
Miramar Beach, FL 32550
2 Beds
2 Baths
$2,082
Est. Monthly
About This Property
RARE OPPORTUNITY FOR INCREDIBLE GOLF COURSE / LAKE VIEWS AND A
SHORT WALK TO THE BEACH! This unit has been totally remodeled
and is move in ready/turnkey. This must-see spacious 2 Bedroom/2
Full Bath, top-floor condo showcases vaulted ceilings and
spectacular views! Extensively updated with all new Luxury Vinyl
Plank flooring throughout the entire unit, new Kitchen, and new
Bathroom updates! The Master Bathroom totally updated with
tile shower is a must see. Fully furnished and rental-ready.
Great Balcony views! The setting is so tranquil and serene, and you
are just a few steps from the large free-form sparkling swimming
pool. Easy walk to the Beach with the white sands and emerald green
waters of South Walton!
Unit Size
-
Days on Market
157 days
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
-
HOA Dues
-
Year Built
-
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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: 7 months ago (ECAR #987526)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 20, 2026 | Sold | ||
| Sold | |||
| Feb 23, 2026 | In contract | - | |
| In contract | |||
| Nov 27, 2025 | Price Decreased |
$424,000
↓ $6K
(1.4%) | |
| Price Decreased | |||
| Oct 23, 2025 | Price Increased |
$429,900
↑ $5K
(1.2%) | |
| Price Increased | |||
| Oct 14, 2025 | Listed by Coastal Premier Properties NWFL LLC | $424,999 | |
| Listed by Coastal Premier Properties NWFL LLC | |||
Show More
Property Highlights
Interior Details
Full Bathrooms: 2
Interior Features: Pantry, Ceiling Raised, Owner's Closet
Appliances: Cooktop, Dishwasher, Freezer, Microwave, Refrigerator, Refrigerator W/IceMk, Stove/Oven Electric, Water Heater - Elect
Flooring Type: Floor Vinyl
Rooms: 9
Exterior Details
Has Property Attached
Property Condition: Construction Complete
Architectural Style: N/A
Year Built: 1978
Building Area Total: 1110
Window Features: Window Treatment All
Construction Materials: Frame, Siding Wood
Pool Features: Pool - Heated, Pool - In-Ground, Pool Type
Pool is Private
Lot Size Units: Acres
Financial Details
Tax Assessed Value: $2,245
Utilities Details
Cooling Type: Ceiling Fan(s)
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Security, Sewer, Water, Cable TV, Trash, Accounting, Ground Keeping, Internet Service, Legal, Master Association, Recreational Faclty, Repairs/Maintenance
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/14/2025
|
2 Bed
|
2 Bath
|
-
|
$424,999
2 Bed
2 Bath
|
$415,000
-2.35%
03/20/2026
|
Tim Collins
Castles By The Beach, Inc.
| |
|
08/20/2023
|
2 Bed
|
2 Bath
|
1110 ft²
|
$459,900
2 Bed
2 Bath
1110 ft²
|
-
-
|
Amanda J Moseley
Realty ONE Group Emerald Coast
| |
|
01/24/2021
|
2 Bed
|
2 Bath
|
1110 ft²
|
$309,900
2 Bed
2 Bath
1110 ft²
|
$295,000
-4.81%
03/19/2021
|
Tim Collins
| |
|
07/04/2019
|
2 Bed
|
2 Bath
|
1110 ft²
|
$224,900
2 Bed
2 Bath
1110 ft²
|
$215,000
-4.40%
07/16/2019
|
Chip Jervis
| |
|
07/30/2017
| |
2 Bed
|
2 Bath
|
1110 ft²
|
-
2 Bed
2 Bath
1110 ft²
|
-
-
|
-
|
|
09/03/2014
|
2 Bed
|
2 Bath
|
1110 ft²
|
$213,500
2 Bed
2 Bath
1110 ft²
|
$200,000
-6.32%
02/25/2015
|
Frankie Henslee
Destination Real Estate Group
|
Building Info
About Miramar Beach
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Listed by: Tim Collins, Coastal Premier Properties NWFL LLC
Last Updated: 7 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 987526
Last Updated: 7 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 987526
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