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Miramar Beach 32550
87 Marigot Bay Circle
$949,000
● House - Off Market

87 Marigot Bay Circle

Miramar Beach, FL 32550
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,848 Ft²
$5,109
Est. Monthly

About This Property

Fully furnished, fully renovated, & rental-ready, this stunning 4-bedroom + bunk room, 3-bath home with a private pool is in the highly sought-after beachside community of Paradise Retreat. Paradise Retreat features both north and south gate entrances and 320 feet of private deeded beach access. One of the community's most desirable split-bedroom floor plans, this home is ideal as a primary residence, second home, long-term rental, or high-performing vacation rental with projected annual gross rental income of approximately $85,000. Inside, the spacious layout with tile plank flooring throughout, includes a large kitchen, breakfast nook, dining area and an open great room that flows  to the covered patio and pool area. The primary suite overlooks the backyard and features a private ensuite bath. On the opposite side of the home, you'll find three guest bedrooms, a bunk room, and two additional full baths, plenty of space for family and guests. The outdoor living area is designed for relaxation and entertaining, complete w/ paver stones, polywood lounge chairs, tables, fully fenced and an additional separately fenced side yard perfect for pets or game area. The home also backs up to a wooded preserve for added privacy and is one of only 16 homes in the circle with an oversized backyard.

Brand-new driveway pavers, brand new extended backyard pavers, brand-new HVAC system being installed June 11th, and a brand-new roof to be installed prior to closing.
Unit Size
1,848 Ft²
Days on Market
32 days
Land Size
0.16 acres
Price per sqft
$514
Property Type
House
Property Taxes
$449
HOA Dues
-
Year Built
2004

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Last updated: 4 months ago (ECAR #1003798)

Price History

Date / Event Date Event Price
Jun 23, 2026 Sold
Sold
Jun 8, 2026 In contract -
In contract
May 22, 2026 Listed by Douglas Elliman $949,000
Listed by Douglas Elliman
Sep 1, 2020 Sold
Sold
Jul 22, 2020 No longer available -
No longer available
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Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 0
  • Patio Type: 70
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 7,358
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 430
  • Total Building Area: 2,289
  • Gross Building Area: 2,289
  • Building Area: 1,848
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,848
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARADISE RETREAT
  • Land Acres: 0000000169
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 11 BLK D PARADISE RETREAT PB 15-72 OR 2638-564 OR 2650-356 OR 3086-2435 OR 3157-3477

Neighborhood

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

Geography

  • Assessors Map Reference: S2-30-21
  • Parcel: 30-2S-21-42790-00D-0110
  • Block: D
  • Lot: 11
  • Meridian: SEC 30 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.382
  • Longitude: -86.3947

    Address

  • Full Address: 87 Marigot Bay Cir
  • Address - House Number: 87
  • Address - Street Name: Marigot Bay
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 8263
  • Zip Code: 32550

Valuation

    Tax

  • Total Area: 2,140
  • Tax Year: 2022
  • Tax Amount: $476,645
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2659
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 907,655
  • High Value: 1,149,029
  • Low Value: 666,281

    Market Valuation

  • Market Total Value: $623,172
  • Market Land Value: $45,898
  • Market Improvement Value: $577,274

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $623,172
  • Assessed Land Value: $45,898
  • Assessed Improvements Value: $577,274

    Sales

  • Current Sale Contract Date: Aug 28, 2020
  • Current Sale Recording Date: Sep 01, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200033540
  • Previous Sale Recording Date: Jan 18, 2005
  • Previous Sale Contract Date: Jan 14, 2005
  • Previous Sale Amount: $196,400
  • Previous Sale Document Type: 55
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Miramar Beach


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Frequently Asked Questions

When was property at 87 Marigot Bay Circle built and last sold?
The property at 87 Marigot Bay Circle was built in 2004 and last sold on Aug 28, 2020 for $482,500.
How much is this home worth?
The estimated value of the home located at 87 Marigot Bay Circle is $920,688.
What are some comparable homes to 87 Marigot Bay Circle?
There are currently no comparable homes to 87 Marigot Bay Circle.