Short term rental powerhouse featuring a spacious coastal home with ocean views from every floor, direct beach access from the front door, private seasonally heated pool, and massive 22 person sleeping capacity to maximize revenue.
Designer furnishings, professional photography and full inventory to convey for immediate revenue generation.
Less than 300 feet from direct beach access ensures high occupancy. Includes complimentary paddleboards and kayaks for added guest appeal.
Designed from the ground up to ensure easy, low cost maintenance and best possible yield.
Do an Internet search on Legacy Beach Homes of Destin, Florida to view real time calendars in order to determine availability for showings.
Seller is listing over $100 million worth of properties from their portfolio (35 large STRs in the Destin/Miramar/30A area with an average appraisal value of slightly over $3M each.).
Seller is only selling 10% of the portfolio. Seller will withdraw this and/or any other remaining listings once the first $10 million (approximately) in sales have been achieved.
Seller does not disclose property-level rental revenue data. Buyer to perform their own due diligence regarding income potential. However, the appraisal in the document section of this listing may include the appraiser's revenue projection.
Neither Airbnb nor VRBO offer a transfer option. However, the seller will make all reasonable efforts to facilitate the transfer of reservations.
The Seller does not have to sell. Property has been priced based on recent appraisal and reflects the seller's minimum acceptable price.
Most recent appraisal and inspections are included in the documents section of this listing.
For sale
$1,690,000
261 Open Gulf St, Miramar Beach, FL 32550
6beds
2,826sqft
Est.:
Single Family Residence
Built in 2003
3,920.4 Square Feet Lot
$-- Zestimate®
$598/sqft
$-- HOA
What's special
Spacious coastal homeDesigner furnishingsComplimentary paddleboards and kayaksPrivate seasonally heated pool
- 19 days |
- 1,317 |
- 99 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 23, 2026 at 12:23pm
Listed by:
Ethan D Knight 706-887-9376,
Century 21 Wimco Realty Inc
Source: ECAOR,MLS#: 998676
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Primary bedroom
- Description: First floor master suite
- Level: First
- Area: 224 Square Feet
- Dimensions: 14 x 16
Primary bedroom
- Description: 2nd floor master #3
- Level: Second
- Area: 168 Square Feet
- Dimensions: 14 x 12
Primary bedroom
- Description: 2nd Floor master suite with private bath
- Level: Second
- Area: 168 Square Feet
- Dimensions: 14 x 12
Bedroom
- Description: Queen guest room with private bath
- Level: Second
- Area: 156 Square Feet
- Dimensions: 13 x 12
Other
- Description: Double bunk room
- Level: First
- Area: 120 Square Feet
- Dimensions: 12 x 10
Other
- Description: Double bunk beds on first floor
- Level: First
- Area: 144 Square Feet
- Dimensions: 12 x 12
Dining area
- Description: First floor dining area and open kitchen
- Level: First
- Area: 130 Square Feet
- Dimensions: 13 x 10
Family room
- Description: Spacious and open with gulf views
- Level: Second
- Area: 306 Square Feet
- Dimensions: 18 x 17
Kitchen
- Description: First floor kitchen - dining - breakfast area
- Level: First
- Area: 144 Square Feet
- Dimensions: 12 x 12
Sitting room
- Description: 3rd Floor sitting area with sleeper sofa
- Level: Third
- Area: 156 Square Feet
- Dimensions: 13 x 12
Heating
- Central
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, Recessed Lighting, Owner's Closet, Woodwork Painted
- Windows: Window Treatments
- Has fireplace: Yes
- Furnished: Yes
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,826
- Total interior livable area: 2,826 sqft
Property
Parking
- Total spaces: 4
Features
- Stories: 3
- Exterior features: Outdoor Grill, Balcony
- Has private pool: Yes
- Pool features: Above Ground, In Ground, Gunite
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
Lot
- Size: 3,920.4 Square Feet
- Dimensions: 50 x 86
- Features: Corner Lot, Dead End, Flood Insurance Req, Interior Lot, Irregular Lot, Level, Within 1/2 Mile to Water
Details
- Parcel number: 332S21425200000010
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Frame, Vinyl Siding, Wood Siding, Trim Vinyl
- Foundation: Foundation Off Grade
Condition
- Construction Complete,Renovated
- New construction: No
- Year built: 2003
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: BUENA VISTA
Location
- Region: Miramar Beach
Financial & listing details
- Price per square foot: $598/sqft
- Tax assessed value: $1,515,942
- Annual tax amount: $12,351
- Date on market: 3/23/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/23/2026 | Listed for sale | $1,690,000-0.3%$598/sqft |
Source:  ECAOR #998676 Report a problem | ||
| 9/2/2024 | Listing removed | $1,695,000+5.9%$600/sqft |
Source: ECAOR #870270 Report a problem | ||
| 9/2/2023 | Listing removed | -- |
Source: ECAOR #870270 Report a problem | ||
| 9/3/2021 | Sold | $1,600,000-5.6%$566/sqft |
Source: Public Record Report a problem | ||
| 7/19/2021 | Pending sale | $1,695,000$600/sqft |
Source: ECAOR #870270 Report a problem | ||
| 7/15/2021 | Price change | $1,695,000-5.6%$600/sqft |
Source: ECAOR #870270 Report a problem | ||
| 4/26/2021 | Listed for sale | $1,795,000+240.6%$635/sqft |
Source: ECAOR #870270 Report a problem | ||
| 9/20/2010 | Sold | $527,000-0.5%$186/sqft |
Source: Public Record Report a problem | ||
| 7/25/2010 | Price change | $529,650-14.8%$187/sqft |
Source: Keller Williams Emerald Coast Realty #541451 Report a problem | ||
| 7/17/2010 | Listed for sale | $621,720+629.7%$220/sqft |
Source: Keller Williams Emerald Coast Realty #541451 Report a problem | ||
| 3/9/2010 | Sold | $85,200-93.8%$30/sqft |
Source: Public Record Report a problem | ||
| 12/12/2008 | Listed for sale | $1,365,000$483/sqft |
Source: Destin Real Estate Company #499541 Report a problem | ||
| 4/21/2008 | Sold | $1,365,000+506.7%$483/sqft |
Source: Public Record Report a problem | ||
| 11/8/2001 | Sold | $225,000$80/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $13,334 +5.1% | $1,410,114 +10% |
| 2023 | $12,684 +17.4% | $1,281,922 +10% |
| 2022 | $10,800 +61.9% | $1,165,384 +79.6% |
| 2021 | $6,669 +4.6% | $649,022 +10% |
| 2020 | $6,374 +6.7% | $590,020 +10% |
| 2019 | $5,975 | $536,382 +8.6% |
| 2018 | $5,975 +22.1% | $493,857 +0.6% |
| 2017 | $4,894 +5.5% | $491,144 +1.4% |
| 2016 | $4,638 +4.1% | $484,247 +32.2% |
| 2015 | $4,454 +19.6% | $366,356 -0.3% |
| 2014 | $3,724 | $367,495 |
| 2013 | -- | $367,495 -0.9% |
| 2012 | -- | $370,686 -0.7% |
| 2011 | -- | $373,446 +11.5% |
| 2010 | -- | $334,901 -9.7% |
| 2009 | -- | $370,688 -9.9% |
| 2008 | -- | $411,468 -3.5% |
| 2007 | -- | $426,442 +8.2% |
| 2005 | -- | $394,258 +5% |
| 2004 | -- | $375,319 +38.4% |
| 2003 | -- | $271,174 +59.6% |
| 2002 | -- | $169,944 +52.5% |
| 2001 | -- | $111,432 |
Find assessor info on the county website
Monthly payment
Est. payment
$9,806/mo
Principal & interest
$8496
Property taxes
$1310
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Climate risks
Neighborhood: 32550
Nearby schools
GreatSchools rating
- 9/10Van R. Butler Elementary SchoolGrades: K-5Distance: 5.3 mi
- 8/10Emerald Coast Middle SchoolGrades: 6-8Distance: 14.1 mi
- 8/10South Walton High SchoolGrades: 9-12Distance: 10.1 mi
Schools provided by the listing agent
- Elementary: Van R Butler
- Middle: Emerald Coast
- High: South Walton
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 32550
- Florida
- Walton County
- Miramar Beach
- 32550
- 261 Open Gulf St
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