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47 Saint Simon Circle
About This Property
Inside, the home offers an open and inviting floor plan designed for comfortable everyday living and easy entertaining. The kitchen features generous cabinetry, granite countertops, stainless appliances, a spacious island, and plenty of storage. The adjoining living area is finished with crown molding and wide-plank flooring, creating a warm and relaxed coastal feel.
Step outside to the private screened patio, recently enhanced with Trex composite decking and an upgraded outdoor fan, creating a comfortable and peaceful extension of the living space. The oversized two-car garage provides excellent storage and has been refreshed with an epoxy-coated floor.
Recent improvements include a key-free Yale entry, updated exterior paint, newer carpet upstairs, updated blinds, a dehumidifier with ultraviolet air treatment system, newer thermostat, updated dishwasher and kitchen appliances, and a transferable termite bond.
Emerald Waters Village offers two community pools, deeded beach access, and a pet-friendly setting in one of Miramar Beach's most convenient coastal locations. With beach access, coffee shops, restaurants, and local favorites nearby, the area is easy to enjoy by golf cart or on foot, with Scenic Highway 98 just moments away.
Whether this coastal retreat is used as a primary residence, second home, or income-producing short-term rental, 47 Saint Simon Circle offers the flexibility buyers seek in Miramar Beach, with walkable beach access, nearby dining and coffee, and easy access to Scenic Highway 98 by golf cart or on foot.
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Cap Rate Calculator
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 4, 2026 | Listed by The Premier Property Group | $869,000 | |
| Listed by The Premier Property Group | |||
| Nov 18, 2021 | Sold | ||
| Sold | |||
| Jul 29, 2020 | Sold | ||
| Sold | |||
| Jun 21, 2020 | No longer available | - | |
| No longer available | |||
| Apr 26, 2020 | Price Decreased |
$579,900
↓ $6K
(1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017