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3203 Bay Estates Circle
About This Property
What truly makes this home special is its location inside Sandestin Golf & Beach Resort. You're wrapped in 2,400 acres of 4-championship golf courses, a full serve marina, tennis center, miles of walking and biking trails, dining, shopping, and the freedom of golf-cart living.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2026 | Sold | ||
| Sold | |||
| Jul 8, 2026 | In contract | - | |
| In contract | |||
| Jul 7, 2026 | Price Decreased |
$3,468,000
↓ $7K
(0.2%) | |
| Price Decreased | |||
| Jul 4, 2026 | Price Decreased |
$3,475,000
↓ $4K
(0.1%) | |
| Price Decreased | |||
| Jun 30, 2026 | Price Decreased |
$3,479,000
↓ $6K
(0.2%) | |
| Price Decreased | |||
| Jun 24, 2026 | Price Decreased |
$3,485,000
↓ $5K
(0.1%) | |
| Price Decreased | |||
| Jun 19, 2026 | Price Decreased |
$3,489,999
↓ $5K
(0.1%) | |
| Price Decreased | |||
| Jun 11, 2026 | Price Decreased |
$3,495,000
↓ $154K
(4.2%) | |
| Price Decreased | |||
| Jun 7, 2026 | Price Decreased |
$3,649,000
↓ $16K
(0.4%) | |
| Price Decreased | |||
| Jun 1, 2026 | Price Decreased |
$3,665,000
↓ $10K
(0.3%) | |
| Price Decreased | |||
| May 29, 2026 | Price Decreased |
$3,675,000
↓ $14K
(0.4%) | |
| Price Decreased | |||
| May 27, 2026 | Price Decreased |
$3,689,000
↓ $10K
(0.3%) | |
| Price Decreased | |||
| May 22, 2026 | Price Decreased |
$3,699,000
↓ $26K
(0.7%) | |
| Price Decreased | |||
| May 15, 2026 | Price Decreased |
$3,725,000
↓ $25K
(0.7%) | |
| Price Decreased | |||
| May 8, 2026 | Listed by Paradise Property Brokers Inc | $3,750,000 | |
| Listed by Paradise Property Brokers Inc | |||
| Nov 20, 2025 | Price Decreased |
$3,994,000
↓ $5K
(0.1%) | |
| Price Decreased | |||
| Oct 7, 2025 | Listed | $3,999,000 | |
| Listed | |||
| | |||
|
Live the resort life without ever leaving your front door! This extraordinary Burnt Pine residence combines the best of smart-home innovation, resort-style luxury, and effortless livability. Five bedrooms, including an opulent primary suite and spa-like bath, plus a dedicated office, plus a bunkroom, plus a private theater, plus three distinct living and sitting areas, plus a heated saltwater pool, a summer kitchen, and covered lounge spaces with a fireplace, all come together to form a private oasis designed for both everyday relaxation and elegant entertaining. With the state-of-the-art theater featuring stadium seating, eight Fortress recliners, and an 8K Sony laser projector, this home brings the cinematic experience to you. Every inch is dialed in for comfort and connection, from Control4 home automation and a 48 kW generator to refined finishes and meticulously planned spaces.
Welcome to a luxurious sanctuary nestled within the prestigious and private Burnt Pine community at Sandestin Golf and Beach Resort. This remarkable residence showcases a sprawling floor plan and countless upgrades throughout.
Upon arrival, the spacious roundabout driveway sets the stage for the grandeur within. Stepping through the grand double-door entrance, you're greeted by an exquisite foyer adorned with large travertine tile floors and dramatic crown molding, setting a tone of refined elegance. The formal dining room and sitting room exude sophistication, perfect for hosting elegant gatherings in privacy.
The chef's kitchen is a culinary dream, outfitted with high-end Wolf and Sub-Zero appliances ensuring every meal is prepared with precision and style. The primary suite is a private retreat, featuring an electric fireplace, a separate sitting area, and an expansive walk-in closet. The spa-like en suite bathroom offers a serene escape with premium finishes, while direct access to the pool deck and a single-car garage ensures convenience and exclusivity.
The resort-style outdoor area is a true oasis, featuring a heated saltwater pool with new plaster, a sun deck, a waterfall, and LED color-changing lights. The summer kitchen and dining area are perfect for al fresco meals, while the artificial turf backyard with a dog run ensures a pet-friendly environment. Infratech 220v electric heaters provide outdoor comfort year-round, and the outdoor living area, complete with a TV and gas fireplace, creates an inviting space for relaxation and entertainment in complete privacy.
The main floor includes a dedicated office space, a spacious living area, and a full bath with convenient access from the pool deck and main living area. Two additional bedrooms, one currently utilized as a home gym, a large laundry room, and a lavish wet bar round out the main floor, offering both practicality and luxury.
Upstairs, the opportunities for entertainment continue. The expansive den, complete with an additional wet bar and beverage fridge, opens to a large covered balcony perfect for relaxing or hosting guests. Adjacent to the den, the state-of-the-art theatre room boasts eight luxurious Fortress chairs and an 8K Sony laser projector, creating a cinematic experience at home. A dedicated bunkroom off the theatre room provides a charming retreat for children. Additionally, the upper level features two elegantly designed bedrooms, each with its own en suite bathroom, and a convenient washer/dryer setup, ensuring every comfort is met.
Throughout the home, you'll find an abundance of thoughtfully designed storage spaces, seamlessly integrated to provide practical solutions without compromising the home's elegant aesthetic. The entire home is set up on Control4 Home Automation, and the 48kw Generac generator can power the whole home.
This exceptional estate is truly one-of-a-kind, offering an unparalleled lifestyle of luxury and privacy in one of the most prestigious locations. Sandestin Golf and Beach Resort features abundant amenities, including 5-Star golf courses, tennis and pickleball, biking and hiking trails, a 210-slip full-service marina, and the vibrant Baytowne Wharf for dining, activities, and shopping. The ever-growing Grand Boulevard Town Center, featuring Emeril's and other great restaurants, retail shopping, Starbucks, a movie theater, and Publix Grocery, is a short golf-cart ride away.
| |||
| Oct 3, 2025 | Price Decreased |
$3,999,000
↓ $100K
(2.4%) | |
| Price Decreased | |||
| Aug 22, 2025 | Price Decreased |
$4,099,000
↓ $196K
(4.6%) | |
| Price Decreased | |||
| Jul 3, 2025 | Price Decreased |
$4,295,249
↓ $54K
(1.2%) | |
| Price Decreased | |||
| May 20, 2025 | Price Decreased |
$4,349,000
↓ $50K
(1.1%) | |
| Price Decreased | |||
| Apr 28, 2025 | Price Decreased |
$4,399,000
↓ $176K
(3.9%) | |
| Price Decreased | |||
| Jun 25, 2024 | Listed | $4,575,000 | |
| Listed | |||
| | |||
|
**Now offered mostly furnished! with some exclusions** Welcome to a luxurious sanctuary nestled within the prestigious and private Burnt Pine community at Sandestin Golf and Beach Resort. This remarkable six-bedroom, five-and-a-half-bath residence showcases a sprawling floor plan and countless upgrades throughout. Upon arrival, the spacious roundabout driveway sets the stage for the grandeur within. Stepping through the grand double-door entrance, you're greeted by an exquisite foyer adorned with large travertine tile floors and dramatic crown molding, setting a tone of refined elegance. The formal dining room and sitting room exude sophistication, perfect for hosting elegant gatherings in privacy. The chef's kitchen is a culinary dream, outfitted with high-end Wolf and Sub-Zero... ... appliances ensuring every meal is prepared with precision and style. The primary suite is a private retreat, featuring an electric fireplace, a separate sitting area, and an expansive walk-in closet. The spa-like en suite bathroom offers a serene escape with premium finishes, while direct access to the pool deck and a single-car garage ensures convenience and exclusivity. The resort-style outdoor area is a true oasis, featuring a heated saltwater pool with new plaster, a sun deck, a waterfall, and LED color-changing lights. The summer kitchen and dining area are perfect for al fresco meals, while the artificial turf backyard with a dog run ensures a pet-friendly environment. Infratech 220v electric heaters provide outdoor comfort year-round, and the outdoor living area, complete with a TV and gas fireplace, creates an inviting space for relaxation and entertainment in complete privacy. The main floor includes a dedicated office space, a spacious living area, and a full bath with convenient access from the pool deck and main living area. Two additional bedrooms, one currently utilized as a home gym, a large laundry room, and a lavish wet bar round out the main floor, offering both practicality and luxury. Upstairs, the opportunities for entertainment continue. The expansive den, complete with an additional wet bar and beverage fridge, opens to a large covered balcony perfect for relaxing or hosting guests. Adjacent to the den, the state-of-the-art theatre room boasts eight luxurious Fortress chairs and an 8K Sony laser projector, creating a cinematic experience at home. A dedicated bunkroom off the theatre room provides a charming retreat for children. Additionally, the upper level features two elegantly designed bedrooms, each with its own en suite bathroom, and a convenient washer/dryer setup, ensuring every comfort is met. Throughout the home, you'll find an abundance of thoughtfully designed storage spaces, seamlessly integrated to provide practical solutions without compromising the home's elegant aesthetic. The entire home is set up on Control4 Home Automation, and the 48kw Generac generator can power the whole home. This exceptional estate is truly one-of-a-kind, offering an unparalleled lifestyle of luxury and privacy in one of the most prestigious locations. Sandestin Golf and Beach Resort features abundant amenities, including 5-Star golf courses, tennis and pickleball, biking and hiking trails, a 210-slip full-service marina, and the vibrant Baytowne Wharf for dining, activities, and shopping. The ever-growing Grand Boulevard Town Center, featuring Emeril's and other great restaurants, retail shopping, Starbucks, a movie theater, and Publix Grocery, is a short golf-cart ride away.
| |||
| Apr 21, 2024 | No longer available | - | |
| No longer available | |||
| Apr 13, 2024 | Price Decreased |
$4,845,000
↓ $150K
(3%) | |
| Price Decreased | |||
| Nov 30, 2023 | Price Decreased |
$4,995,000
↓ $200K
(3.9%) | |
| Price Decreased | |||
| Nov 14, 2023 | Price Decreased |
$5,195,000
↓ $300K
(5.5%) | |
| Price Decreased | |||
| Oct 12, 2023 | Price Decreased |
$5,495,000
↓ $504K
(8.4%) | |
| Price Decreased | |||
| Aug 22, 2023 | Price Decreased |
$5,999,000
↓ $301K
(4.8%) | |
| Price Decreased | |||
| Aug 8, 2023 | Listed by Paradise Property Brokers, Inc. | $6,300,000 | |
| Listed by Paradise Property Brokers, Inc. | |||
| | |||
|
Stunning, one of a kind residence with a distinguished New Orleans flair, located within the private, double gated community of Burnt Pine in Sandestin. As host to some of the most extravagant charitable events in the area, the owners of this beautiful estate home have equipped it with the latest automation, electronics, and technology available. Providing the ultimate experience in comfort and convenience, this amazing opportunity exudes luxury both inside and out. With 6 bedrooms, 5 1/2 baths, 3 car garage, wet bar, state of the art theatre, upstairs mini kitchen, outdoor summer kitchen, heated salt water pool, and outdoor fireplace, even the most discriminating buyer will be impressed. Simply too many unique features to list, it's a must see! Call today for your private showing. The manager has listed the unit size as 6391 square feet.
| |||
| Nov 28, 2018 | Sold | ||
| Sold | |||
| Jul 23, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed by Paradise Property Brokers Inc | $1,869,000 | |
| Listed by Paradise Property Brokers Inc | |||
Property Highlights
Building Info
Overview
- Year Built: 2009
- Effective Year Built: 2009
- Building Count: 1
- Bedroom Count: 6
- Bathroom Count: 7
- Full Bathrooms: 6
- Partial Bathrooms: 7
- Bathroom Plumbing Fixtures: 20
- 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: 200
- Living Units: 1
- Floor Cover: 15
- Basement Type: 0
- Basement Area: 0
- Parking Type: 5
- Garage Type: 1
- Garage Square Area: 906
- Parking Space Count: 0
- Patio Type: 5
- Porch Type: 126
- Pool Type: 8
General
- Lot Size Square Feet: 18,295
- Total Building Area: 7,297
- Gross Building Area: 7,297
- Building Area: 6,391
- Building Area Measurement: L
Dimensions
- Air Conditioning: 1
- Heating: 4
- Heated Square Feet: 6,391
- Heating Fuel Type: 0
Heating and Cooling
- Sewer System: 0
- Water Service: 0
Utilities
Building
- Building Type: 0
- Property Class: R
- Subdivision: SANDESTIN BAY ESTATES PH II
- Land Acres: 0000000420
- Standard Land Use Code: 1001
- County Land Use Code: 0100
- Legal Description 1: LOT 19 BLK B SANDESTIN BAY ESTATES PH II PB 8-7 OR 479-189 OR 1742-421 OR 2544-2 OR 2615-3299 OR 2786-4324 OR 2870-2727 OR 3049-3092 OR 3079-4900 OR 3091-509
Neighborhood
- School District Name: Walton County School District
- Census Tract: 950607
Zoning
- Zoning: SD
Geography
- Assessors Map Reference: S2-23-21
- Subdivision Phase Number: 2
- Parcel: 23-2S-21-42110-00B-0190
- Block: B
- Lot: 19
- Meridian: SEC 23 TWN 02S RNG 021
- Municipality: SOUTH WALTON FIRE
- Latitude: 30.4033
- Longitude: -86.3232
- Full Address: 3203 Bay Estates Cir
- Address - House Number: 3203
- Address - Street Name: Bay Estates
- Address - Suffix Type: Cir
- State: FL
- City Name: Miramar Beach
- Carrier Code: C003
- 4-Digit Zip Code: 5883
- Zip Code: 32550
Address
Valuation
- Total Area: 7,273
- Tax Year: 2022
- Tax Amount: $1,499,980
- Tax Rate Code Area: 007
Tax
- Standard Deviation: 0.0888
- Valuation Date: Feb 07, 2024
- Confidence Score: 92
- Final Value: 4,805,906
- High Value: 5,232,676
- Low Value: 4,379,136
Appraisal Valuation
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Open Liens
- Market Total Value: $2,237,040
- Market Land Value: $553,855
- Market Improvement Value: $1,683,185
Market Valuation
- Assessed Year: 2022
- Assessed Total Value: $1,656,725
Assessments Valuation
- Homeowner Exemption: Yes
Exemptions
- Current Sale Contract Date: Nov 20, 2018
- Current Sale Recording Date: Nov 28, 2018
- Current Sale Price:
- Current Sale Document Type: 71
- Current Sale Input Document Number: 2018000039432
- Previous Sale Recording Date: Jul 23, 2018
- Previous Sale Contract Date: Jul 18, 2018
- Previous Sale Amount: $1,850,000
- Previous Sale Document Type: 71
Sales
- First Mortgage Lender:
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Last Sale Mortgage
- First Mortgage Financing Type: ADJ
Financing
3203 Bay Estates Circle
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Comparables
Status
Price/ft²
Listed On
Sold On
About Miramar Beach
Stats & Trends
Median Asking:
$740,000Sale Price/ft²
$500Below Asking
0.03%Average Days on Market
81Average Home Size
1704 ft²Average Home Age
26.5 yearsCurrently For Sale
983 ListingsSimilar Homes for Sale
Currently no similar homes aroundNearby Rentals
Last Updated: 24 days ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1002691
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017