$705,000
●
Condo -
Off Market
4789 Westwinds Drive #4789
Miramar Beach, FL 32550
1 Bed
1 Bath
$5,437
Est. Monthly
$1,098
HOA / Fees
About This Property
EXCLUSIVE PRIVATE BEACH ACCESS - ANNUAL RENTAL EXCEEDING $50,000 IN
GROSS BOOKINGS FOR 2024 AND 2025.
Skip the club memberships and take advantage of a unique benefit in Sandestin: off-site owners may use this private beach access, while your rental guests staying in the condo enjoy the same privilege. With private beach space in Sandestin being extremely limited, this feature alone adds significant long-term value-making the property far more than a simple income-producing asset.
This 10th-floor Gulf-front unit showcases the sought-after A1 floor plan with a spacious layout and sweeping west-facing views that deliver unforgettable sunsets. Westwinds offers covered parking, a heated pool, fitness and business centers, a hot tub, a seasonal tiki bar, and private beach access.
Skip the club memberships and take advantage of a unique benefit in Sandestin: off-site owners may use this private beach access, while your rental guests staying in the condo enjoy the same privilege. With private beach space in Sandestin being extremely limited, this feature alone adds significant long-term value-making the property far more than a simple income-producing asset.
This 10th-floor Gulf-front unit showcases the sought-after A1 floor plan with a spacious layout and sweeping west-facing views that deliver unforgettable sunsets. Westwinds offers covered parking, a heated pool, fitness and business centers, a hot tub, a seasonal tiki bar, and private beach access.
Unit Size
-
Days on Market
49 days
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$508
HOA Dues
$1,098
Year Built
-
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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: 9 months ago (ECAR #990999)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 27, 2026 | Sold | ||
| Sold | |||
| Jan 9, 2026 | In contract | - | |
| In contract | |||
| Dec 9, 2025 | Listed by Compass | $780,000 | |
| Listed by Compass | |||
Property Highlights
Parking Available
Garage
Air Conditioning
Parking Details
Attached Garage
Parking Features: Covered
Interior Details
Full Bathrooms: 1
Interior Features: Breakfast Bar, Lighting Recessed, Owner's Closet, Washer/Dryer Hookup
Appliances: Dishwasher, Disposal, Dryer, Microwave, Range Hood, Washer, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Water Heater - Elect
Flooring Type: Floor Tile, Floor Vinyl
Rooms: 3
Exterior Details
Has Property Attached
Security Features: Fire Alarm/Sprinkler
Property Condition: Construction Complete
Architectural Style: N/A
Year Built: 1998
Waterfront Features: Gulf
Building Area Total: 885
Window Features: Window Treatment All
Construction Materials: Stucco
Pool Features: Pool Type
Pool is Private
Lot Size Units: Acres
Financial Details
Tax Annual Amount: $6,099
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Security, Sewer, Water, Cable TV, Trash, Accounting, Ground Keeping, Internet Service, Master Association, Recreational Faclty
HOA Fee Frequency: Monthly
Condo/Coop Fee: $1,098
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 |
|---|---|---|---|---|---|---|---|
|
12/09/2025
|
1 Bed
|
1 Bath
|
-
|
$780,000
1 Bed
1 Bath
|
$705,000
-9.62%
01/27/2026
|
Paige Brewer
NextHome At The Beach
|
Building Info
About Miramar Beach
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Listed by: Paige S Brewer, Compass
Last Updated: 9 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 990999
Last Updated: 9 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 990999
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