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Miramar Beach 32550
37 Aquamarine Cove
$837,000
● House - Off Market

37 Aquamarine Cove

Miramar Beach, FL 32550
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$6,524
Est. Monthly
$1,647
HOA / Fees
-0.24%
Cap Rate

About This Property

Enjoy private gated beach access just steps from this beautifully updated coastal retreat. Featuring a newly renovated kitchen, brand new paint throughout in 2024, stylish new furnishings, and a first-floor primary suite with en suite bath, this home is truly turnkey. Relax on the private outdoor patio or take a dip in one of two accommodating community pools. With easy access to both Highway 98 and Scenic Gulf Drive, you're perfectly positioned to enjoy all the Emerald Coast has to offer. Ideal as a rental investment, second home, or primary residence-this property offers flexibility, comfort, and an unbeatable location. Your slice of paradise awaits.
Unit Size
-
Days on Market
104 days
Land Size
0.07 acres
Price per sqft
-
Property Type
House
Property Taxes
$536
HOA Dues
$1,647
Year Built
2003

Payment Calculator

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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: 2 years ago (ECAR #981192)

Price History

Date / Event Date Event Price
Oct 30, 2025 Sold
Premium
Sold
Sep 29, 2025 In contract -
In contract
Sep 20, 2025 Price Decreased $884,000
↓ $5K (0.6%)
Price Decreased
Aug 17, 2025 Price Decreased $889,000
↓ $11K (1.2%)
Price Decreased
Jul 18, 2025 Listed by EXP Realty LLC $900,000
Listed by EXP Realty LLC
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,236
  • Lot Size Depth Feet: 600
  • Lot Size Frontage Feet: 240
  • Total Building Area: 1,736
  • Gross Building Area: 1,736
  • Building Area: 1,736
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,736
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD SHORES OF SOUTH WALTON
  • Land Acres: 0000000074
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 8 EMERALD SHORES OF SOUTH WALTON S/D PB 9-33 OR 1030-28 OR 1116-138 OR 2432-805 OR 2529-210 OR 2593-35 OR 2943 -3449 OR 3207-3952

Neighborhood

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

Geography

  • Assessors Map Reference: S2-30-21
  • Parcel: 30-2S-21-42830-000-0080
  • Lot: 8
  • Meridian: SEC 30 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3845
  • Longitude: -86.3972

    Address

  • Full Address: 37 Aquamarine Cv
  • Address - House Number: 37
  • Address - Street Name: Aquamarine
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 3893
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 1,813
  • Tax Year: 2022
  • Tax Amount: $562,201
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.0888
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 92
  • Final Value: 906,014
  • High Value: 987,311
  • Low Value: 824,716

    Market Valuation

  • Market Total Value: $606,644
  • Market Land Value: $117,039
  • Market Improvement Value: $489,605

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $606,644
  • Assessed Land Value: $117,039
  • Assessed Improvements Value: $489,605

    Sales

  • Current Sale Contract Date: Jul 16, 2021
  • Current Sale Recording Date: Jul 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210036079
  • Previous Sale Recording Date: Mar 03, 2014
  • Previous Sale Contract Date: Feb 28, 2014
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: 68
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:

$719,450

Sale Price/ft²

$484

Below Asking

0.03%

Average Days on Market

113

Average Home Size

1756 ft²

Average Home Age

26.1 years

Currently For Sale

660 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: Rush Valentine, EXP Realty LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 981192
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 37 Aquamarine Cove built and last sold?
The property at 37 Aquamarine Cove was built in 2003 and last sold on Jul 16, 2021 for $665,000.
How much is this home worth?
The estimated value of the home located at 37 Aquamarine Cove is $892,840.
What are some comparable homes to 37 Aquamarine Cove?
There are currently no comparable homes to 37 Aquamarine Cove.
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