47
Map
510 Walton Way
About This Property
Inside, soaring ceilings, custom coffered details, and large scale sliding glass doors create a seamless connection between the main living spaces and the bayfront terrace. The chef's kitchen is designed for effortless entertaining with dual oversized islands, a professional gas range, custom cabinetry, wine refrigeration, a butler's pantry, and an architectural range hood that anchors the space beautifully.
Upstairs, the home transitions into a private entertainment level where the lounge, wet bar, and covered balcony overlooking the bay connect directly to a 10-seat raised luxury theater with 7.1 surround sound. A custom bunk room, additional ensuite bedrooms, and a plumbed bonus space offer flexibility for guests, extended stays, or future private suite use.
Outdoors, the property lives like a private resort with an infinity edge saltwater pool and spa, covered outdoor living and dining, full summer kitchen, sun deck, and private dock with boat lift and two jet ski lifts. Built with long-term coastal living in mind, the home features 60% concrete block construction, hurricane impact windows, a whole house dehumidifier system, and an elevator shaft in place for a future elevator.
With gated privacy by land and immediate access by water, this is one of Miramar Beach's most distinctive bayfront offerings.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 21, 2026 | Price Decreased |
$6,575,000
↓ $275K
(4%) | |
| Price Decreased | |||
| Aug 17, 2026 | Price Decreased |
$6,850,000
↓ $400K
(5.5%) | |
| Price Decreased | |||
| Jul 7, 2026 | Price Decreased |
$7,250,000
↓ $250K
(3.3%) | |
| Price Decreased | |||
| Apr 29, 2026 | Listed by Compass | $7,500,000 | |
| Listed by Compass | |||
| Sep 1, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017