49
Map
97 Sarasota Street
About This Property
Ideally situated between 30A and Destin, you have access to boutique shopping, dining, and entertainment--truly the best of both worlds.
The decor is reminiscent of a Serena & Lily magazine spread, exuding refined coastal luxury and effortless style. An amazing front porch offers a taste of true southern living, perfect for relaxing. The thoughtfully designed floor plan features a huge primary suite with a spa-like tub and separate shower, while both guest bedrooms downstairs include private en suite bathrooms, providing comfort and privacy for family or visitors. Soaring 11-foot ceilings create a spacious feel throughout the home.
With $150,000 in upgrades, this home has been meticulously improved with new wood floors, a new metal roof, gas tankless water heater, new landing and deck, light fixtures and ceiling fans, window treatments, and more, offering both beauty and peace of mind.
Whether you are searching for a full-time residence, second home, or vacation rental, this special property stands out with its magical setting, extensive upgrades, and proven income potential in one of Miramar Beach's most beloved beach communities. Schedule a showing today!
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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 |
|---|---|---|---|
| Oct 25, 2026 | In contract | - | |
| In contract | |||
| Oct 6, 2026 | Price Decreased |
$925,000
↓ $50K
(5.1%) | |
| Price Decreased | |||
| Sep 22, 2026 | Price Decreased |
$975,000
↓ $21K
(2.1%) | |
| Price Decreased | |||
| Sep 16, 2026 | Price Decreased |
$995,900
↓ $4K
(0.4%) | |
| Price Decreased | |||
| Aug 5, 2026 | Price Decreased |
$999,900
↓ $25K
(2.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017