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Miramar Beach 32550
3 Sandestin Estates Drive
$650,000
● Land - Off Market

3 Sandestin Estates Drive

Miramar Beach, FL 32550
bedrooms
Studio
bathrooms
0 Bath
$3,796
Est. Monthly
$202
HOA / Fees
3.77%
Cap Rate

About This Property

When presented with such a rare opportunity to capture a vacant lot like this one, the key to having a story about how you pulled it off is to take action.  Otherwise, you have just another tale about the one that got away.  Welcome to Sandestin Estates where you can bring your vision to reality and create the ultimate residence that begs for the story to be told.  Once here, you are afforded all that the Sandestin Golf and Beach Resort has to offer from the world-renowned beachfront to the world-class marina.  In addition to being a true destination golf and beach resort with multiple championship golf courses just a golf cart ride away, the tennis center is considered in the top 25 within the US.  Don't wake up tomorrow and find it's gone, come bring your dream to reality today!
Unit Size
-
Days on Market
48 days
Land Size
0.39 acres
Price per sqft
-
Property Type
Land
Property Taxes
$181
HOA Dues
$202
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: 11 months ago (ECAR #985542)

Price History

Date / Event Date Event Price
Nov 4, 2025 Sold
Premium
Sold
Sep 19, 2025 In contract -
In contract
Sep 17, 2025 Listed by Platinum Realty LLC $695,000
Listed by Platinum Realty LLC
Dec 29, 2015 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,727
  • Lot Size Depth Feet: 1,610
  • Lot Size Frontage Feet: 1,040
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SANDESTIN EST
  • Land Acres: 0000000384
  • Standard Land Use Code: 8000
  • County Land Use Code: 00
  • Legal Description 1: LOT 3 SANDESTIN EST S/D & INT IN COMMON ELEMENTS AS RECD IN OR 341-307 OR 1927-62 OR 2535-1677

Neighborhood

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

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-27-21
  • Parcel: 27-2S-21-42010-000-0030
  • Lot: 3
  • Meridian: SEC 27 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3795
  • Longitude: -86.3365

    Address

  • Full Address: 3 Sandestin Estates Dr
  • Address - House Number: 3
  • Address - Street Name: Sandestin Estates
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C014
  • 4-Digit Zip Code: 4553
  • Zip Code: 32550

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $152,307
  • Tax Rate Code Area: 007

    Market Valuation

  • Market Total Value: $193,586
  • Market Land Value: $193,586

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $193,586
  • Assessed Land Value: $193,586

    Sales

  • Current Sale Contract Date: Dec 22, 2015
  • Current Sale Recording Date: Dec 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015661349957
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

81

Average Home Size

1706 ft²

Average Home Age

26.5 years

Currently For Sale

977 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

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ECAR

Listed by: Ginger J Lundstrom, Platinum Realty LLC
Last Updated: 11 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 985542
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 3 Sandestin Estates Drive built and last sold?
The property at 3 Sandestin Estates Drive was built in and last sold on Dec 22, 2015 for $55,000.
How much is this home worth?
The estimated value of the home located at 3 Sandestin Estates Drive is $0.
What are some comparable homes to 3 Sandestin Estates Drive?
There are currently no comparable homes to 3 Sandestin Estates Drive.
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