52
Map
$500,000
↓ $19K (3.7%)
●
Condo -
For Sale
548 Sandy Cay Drive #UNIT313
Miramar Beach, FL 32550
1 Bed
2 Baths
1,046 Ft²
$2,717
Est. Monthly
About This Property
Beautifully furnished and meticulously maintained, this Gulf-view
residence offers the ideal blend of coastal charm, comfort, and
investment potential. Perfectly positioned within one of the
Emerald Coast's most sought-after resort communities, the condo
enjoys deeded beach access along with an exceptional pool
experience, including a zero-entry pool ideal for families and a
heated pool for year-round enjoyment.
Inside, the thoughtfully designed floor plan lives beautifully for both owners and guests. The master bedroom features newly installed LVP flooring. A true bunk room with its own door provides a rare and functional bonus space, offering privacy and flexibility for family and visitors alike. Whether serving as a primary retreat, second home, or income-producing property, this residence offers the best of resort-style living, with a strong rental history available for review.
Inside, the thoughtfully designed floor plan lives beautifully for both owners and guests. The master bedroom features newly installed LVP flooring. A true bunk room with its own door provides a rare and functional bonus space, offering privacy and flexibility for family and visitors alike. Whether serving as a primary retreat, second home, or income-producing property, this residence offers the best of resort-style living, with a strong rental history available for review.
Unit Size
1,046 Ft²
Days on Market
117 days
Land Size
-
Price per sqft
$478
Property Type
Condo
Property Taxes
$261
HOA Dues
-
Year Built
-
Listed By
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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 months ago (ECAR #1005966)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2026 | Price Decreased |
$500,000
↓ $19K
(3.7%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$519,000
↓ $21K
(3.9%) | |
| Price Decreased | |||
| Jun 22, 2026 | Listed by Realty ONE Group Emerald Coast | $540,000 | |
| Listed by Realty ONE Group Emerald Coast | |||
Property Highlights
Parking Available
Garage
Elevator
Air Conditioning
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, Hallway Bunk Beds, Owner's Closet, Washer/Dryer Hookup
Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Water Heater, Smoke Detector, Smooth Stovetop Rnge
Flooring Type: Floor Tile
Rooms: 6
Exterior Details
Has Property Attached
Square Footage: 1046
Property Condition: Construction Complete
Architectural Style: N/A
Year Built: 2006
Building Area Total: 1046
Construction Materials: Concrete, Steel Siding
Pool Features: Pool Type
Lot Size Units: Acres
Financial Details
Tax Assessed Value: $930
Tax Annual Amount: $3,132
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Internet, Sewer, Water, Cable TV, Accounting, Ground Keeping, Management
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 |
|---|---|---|---|---|---|---|---|
|
08/14/2025
|
2 Bed
|
2 Bath
|
-
|
$520,000
2 Bed
2 Bath
|
$490,000
-5.77%
12/12/2025
|
Eric Wilhelm
Pinnacle Realty Advisors
| |
|
02/27/2025
|
2 Bed
|
2 Bath
|
-
|
$499,900
2 Bed
2 Bath
|
$495,000
-0.98%
12/15/2025
|
The Hughes Group
Counts Real Estate Group
| |
|
02/03/2024
|
2 Bed
|
2 Bath
|
1046 ft²
|
$585,000
2 Bed
2 Bath
1046 ft²
|
$580,000
-0.85%
03/04/2024
|
Eric Wilhelm
Pinnacle Realty Advisors
| |
|
10/28/2023
|
1 Bed
|
2 Bath
|
1046 ft²
|
$555,000
1 Bed
2 Bath
1046 ft²
|
-
-
|
Eric C Wilhelm
Crye-Leike Coastal Realty
| |
|
10/27/2023
|
2 Bed
|
2 Bath
|
1046 ft²
|
$529,900
2 Bed
2 Bath
1046 ft²
|
$490,000
-7.53%
02/12/2025
|
Eric Wilhelm
Pinnacle Realty Advisors
| |
|
10/12/2023
|
1 Bed
|
2 Bath
|
1046 ft²
|
$470,000
1 Bed
2 Bath
1046 ft²
|
$455,000
-3.19%
08/09/2024
|
The Hughes Group
Counts Real Estate Group
| |
|
11/23/2022
|
1 Bed
|
2 Bath
|
1046 ft²
|
$534,900
1 Bed
2 Bath
1046 ft²
|
-
-
|
Staggs Group
Vacasa Real Estate - High Pointe
| |
|
10/21/2022
|
1 Bed
|
2 Bath
|
1046 ft²
|
$549,000
1 Bed
2 Bath
1046 ft²
|
-
-
|
James P Duren
Newman Dailey Resort Properties
| |
|
09/23/2022
|
1 Bed
|
2 Bath
|
1046 ft²
|
$530,000
1 Bed
2 Bath
1046 ft²
|
-
-
|
At The Beach Team
Keller Williams Realty Destin
| |
|
06/03/2022
|
1 Bed
|
2 Bath
|
1046 ft²
|
$475,000
1 Bed
2 Bath
1046 ft²
|
$505,000
+6.32%
07/14/2022
|
Dale Stackable
Berkshire Hathaway Home Services PenFed Realty
| |
|
06/03/2021
|
1 Bed
|
2 Bath
|
1046 ft²
|
$449,000
1 Bed
2 Bath
1046 ft²
|
$435,000
-3.12%
01/13/2022
|
James P Duren
Newman Dailey Resort Properties
| |
|
09/09/2020
|
1 Bed
|
2 Bath
|
1046 ft²
|
$350,000
1 Bed
2 Bath
1046 ft²
|
-
-
|
-
| |
|
06/20/2020
|
1 Bed
|
2 Bath
|
1046 ft²
|
$320,000
1 Bed
2 Bath
1046 ft²
|
$310,000
-3.13%
02/04/2021
|
Kevin M Kramer
| |
|
01/05/2020
|
1 Bed
|
2 Bath
|
1046 ft²
|
$332,000
1 Bed
2 Bath
1046 ft²
|
$315,000
-5.12%
07/30/2020
|
Claire E O'Connell
| |
|
01/03/2020
| |
1 Bed
|
2 Bath
|
1046 ft²
|
$332,000
1 Bed
2 Bath
1046 ft²
|
-
-
|
-
|
|
11/25/2019
|
1 Bed
|
2 Bath
|
1046 ft²
|
$335,000
1 Bed
2 Bath
1046 ft²
|
-
-
|
-
| |
|
10/21/2019
|
1 Bed
|
2 Bath
|
1046 ft²
|
$372,000
1 Bed
2 Bath
1046 ft²
|
$360,000
-3.23%
01/02/2020
|
Diane Fiore
Island Home Properties Co
| |
|
08/11/2019
|
1 Bed
|
2 Bath
|
1046 ft²
|
$350,000
1 Bed
2 Bath
1046 ft²
|
$340,000
-2.86%
02/26/2020
|
Bryan Whitehead
| |
|
08/07/2019
|
1 Bed
|
2 Bath
|
1046 ft²
|
$312,500
1 Bed
2 Bath
1046 ft²
|
-
-
|
-
| |
|
07/15/2019
|
1 Bed
|
2 Bath
|
1046 ft²
|
$324,900
1 Bed
2 Bath
1046 ft²
|
-
-
|
-
| |
|
02/28/2019
|
1 Bed
|
2 Bath
|
1046 ft²
|
$335,000
1 Bed
2 Bath
1046 ft²
|
-
-
|
-
| |
|
02/28/2019
|
1 Bed
|
2 Bath
|
1046 ft²
|
$365,000
1 Bed
2 Bath
1046 ft²
|
$365,000
05/15/2019
|
James C Watts
| |
|
08/23/2018
|
1 Bed
|
2 Bath
|
1046 ft²
|
-
1 Bed
2 Bath
1046 ft²
|
-
-
|
-
| |
|
06/07/2018
| |
1 Bed
|
2 Bath
|
1046 ft²
|
-
1 Bed
2 Bath
1046 ft²
|
-
-
|
-
|
|
09/11/2016
|
1 Bed
|
2 Bath
|
1046 ft²
|
$285,000
1 Bed
2 Bath
1046 ft²
|
$275,000
-3.51%
02/28/2017
|
Diane Fiore
Island Home Properties Co
| |
|
08/29/2016
|
1 Bed
|
2 Bath
|
1046 ft²
|
$275,000
1 Bed
2 Bath
1046 ft²
|
$260,000
-5.45%
06/12/2017
|
Joe Taylor III
Ocean Reef Realty Inc
| |
|
06/01/2016
|
1 Bed
|
2 Bath
|
1046 ft²
|
$285,000
1 Bed
2 Bath
1046 ft²
|
$275,000
-3.51%
04/11/2017
|
Renee Clayton
World Impact Real Estate
| |
|
05/13/2016
|
1 Bed
|
2 Bath
|
1046 ft²
|
$280,000
1 Bed
2 Bath
1046 ft²
|
$280,000
06/30/2016
|
JOHN HOLAHAN
Better Homes & Gardens Real Estate Emerald Coast
| |
|
02/23/2016
|
1 Bed
|
2 Bath
|
1046 ft²
|
$275,000
1 Bed
2 Bath
1046 ft²
|
$265,000
-3.64%
03/02/2016
|
Howard Dolgoff
Emerald Coast Properties Inc
| |
|
01/30/2016
|
1 Bed
|
2 Bath
|
1046 ft²
|
$269,000
1 Bed
2 Bath
1046 ft²
|
$261,000
-2.97%
09/02/2016
|
Diane Fiore
Island Home Properties Co
| |
|
09/21/2015
|
1 Bed
|
2 Bath
|
1046 ft²
|
$259,000
1 Bed
2 Bath
1046 ft²
|
$250,000
-3.47%
05/20/2016
|
Diane Fiore
Island Home Properties Co
| |
|
05/11/2015
|
1 Bed
|
2 Bath
|
1046 ft²
|
$252,000
1 Bed
2 Bath
1046 ft²
|
$242,000
-3.97%
10/09/2015
|
Diane Fiore
Island Home Properties Co
| |
|
01/13/2015
|
1 Bed
|
2 Bath
|
1046 ft²
|
$250,000
1 Bed
2 Bath
1046 ft²
|
$242,000
-3.20%
09/11/2015
|
JOHN HOLAHAN
Better Homes & Gardens Real Estate Emerald Coast
| |
|
10/21/2014
|
1 Bed
|
2 Bath
|
1046 ft²
|
$282,900
1 Bed
2 Bath
1046 ft²
|
$270,000
-4.56%
12/22/2014
|
Diane Fiore
Island Home Properties Co
| |
|
08/20/2014
|
1 Bed
|
2 Bath
|
1046 ft²
|
$249,900
1 Bed
2 Bath
1046 ft²
|
$240,000
-3.96%
12/01/2014
|
Fredericka Brown
Realjoy Properties
| |
|
07/12/2013
|
1 Bed
|
2 Bath
|
1046 ft²
|
$269,000
1 Bed
2 Bath
1046 ft²
|
$250,000
-7.06%
08/23/2013
|
Wanda Greer
Destin Beach Realty LLC
| |
|
03/01/2013
|
1 Bed
|
2 Bath
|
1046 ft²
|
$224,500
1 Bed
2 Bath
1046 ft²
|
$218,000
-2.90%
03/29/2013
|
James Sharpe
HCB Advisory Group LLC
| |
|
01/09/2013
|
1 Bed
|
2 Bath
|
1046 ft²
|
$234,500
1 Bed
2 Bath
1046 ft²
|
$218,000
-7.04%
02/14/2013
|
James Sharpe
HCB Advisory Group LLC
| |
|
10/10/2012
|
1 Bed
|
2 Bath
|
1046 ft²
|
$229,000
1 Bed
2 Bath
1046 ft²
|
$221,250
-3.38%
02/28/2013
|
Diane Fiore
Island Home Properties Co
| |
|
08/24/2012
|
1 Bed
|
2 Bath
|
1046 ft²
|
$209,000
1 Bed
2 Bath
1046 ft²
|
$190,895
-8.66%
06/26/2013
|
Colin Kirkwood
Newman Dailey Resort Properties
| |
|
08/14/2012
|
1 Bed
|
2 Bath
|
1046 ft²
|
$218,000
1 Bed
2 Bath
1046 ft²
|
$218,000
12/28/2012
|
Ann Marie James
Silver Real Estate
| |
|
05/18/2012
|
2 Bed
|
3 Bath
|
1762 ft²
|
$399,999
2 Bed
3 Bath
1762 ft²
|
$360,000
-10.00%
09/05/2012
|
Diane Fiore
Island Home Properties Co
| |
|
04/07/2012
|
1 Bed
|
2 Bath
|
1046 ft²
|
$234,900
1 Bed
2 Bath
1046 ft²
|
$210,000
-10.60%
08/30/2012
|
Diane Fiore
Island Home Properties Co
| |
|
07/11/2011
|
1 Bed
|
2 Bath
|
1046 ft²
|
$199,900
1 Bed
2 Bath
1046 ft²
|
$188,750
-5.58%
01/26/2012
|
STEVEN SCHMIDT
ADAMS HOMES REALTY INC
| |
|
06/14/2011
|
1 Bed
|
2 Bath
|
1046 ft²
|
$249,000
1 Bed
2 Bath
1046 ft²
|
$230,000
-7.63%
02/27/2012
|
Diane Fiore
Island Home Properties Co
| |
|
03/06/2011
|
1 Bed
|
2 Bath
|
1046 ft²
|
$212,500
1 Bed
2 Bath
1046 ft²
|
$196,000
-7.76%
04/13/2012
|
Diane Fiore
Island Home Properties Co
|
Building Info
548 Sandy Cay Drive
548 Sandy Cay Drive, Miramar Beach, FL 32550
- 3 Units for Sale
About Miramar Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Chris Lawson, Realty ONE Group Emerald Coast
Last Updated: 2 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1005966
Last Updated: 2 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1005966
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