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$16,995,000   Price Analysis
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138 Beach Dr W
Miramar Beach, FL 32550
6 bed 7 bath 7,768 SqFt ($2187/SqFt)
0.5 acre lot. Built 2017
Listed 2024-05-10, HOA $25, Taxes $57,202
Ⓧ USDA Ineligible
due to price & location

near Miramar Beach

Experience the epitome of coastal luxury living with this extraordinary 6-bedroom

6.5-bathroom sanctuary, poised to generate over $650k in rental income. Embraced by 100 feet of pristine beach frontage on a generous .5-acre lot, this haven promises an unparalleled escape.Upon entry, be greeted by a grand foyer leading to an expansive first floor, boasting a game room replete with a game table, foosball table, ping pong table, arcade and shuffleboard, ensuring limitless entertainment. Adjacent, find solace in the in-home fitness center equipped with workout amenities and on-demand workouts or retreat to the oversized garage, accommodating all your storage needs. Ascend to the second floor, the hert of the home, where an open floor plan seamlessly connects the kitchen, dining and expansive living areas.

The gourmet kitchen, adorned with premium appliances and a vast island, invites culinary delights, while two primary bedrooms with ensuite bathrooms offer unparalleled retreats. Relax in the spacious media room or step outdoors to the Gulf-facing patio, featuring an outdoor dining area, kitchen, gas grill and the pice de rsistancea stunning pool area boasting a sprawling deck, heated infinity pool and rejuvenating hot tub. Venture to the third floor, where three additional primary bedrooms, each with ensuite bathrooms, await alongside an additional bunk room, ensuring ample accommodations for all. Then, proceed to the fourth floor, where two additional bunk rooms complete this coastal masterpiece. With parking for six vehicles and proximity to local attractions, this property transcends mere accommodationit offers a gateway to an extraordinary coastal lifestyle. Contact us today for rental projections and cost-to-own figures.


Presented by Spears Group at
Compass.


Property MLS #949543 from NWFlorida

Bedrooms: 6
Bedroom 1 Dimensions: 12 x 14
Bedroom 2 Dimensions: 12 x 14
Bedroom 3 Dimensions: 12 x 14
Bedroom 4 Dimensions: 12 x 14
Bedroom 5 Dimensions: 12 x 14
Bedroom 6 Dimensions: 16 x 14
Bedroom 7 Dimensions: 16 x 14
Primary Bedroom Level: First
Bedroom 1 Level: 3
Bedroom 2 Level: 3
Bedroom 3 Level: 2
Bedroom 4 Level: 2
Bedroom 5 Level: 2
Bedroom 6 Level: 1
Bedroom 7 Level: 1
Primary Bedroom Features: MBath Double Vanity, MBath Dressing Area, MBath Separate Shwr, MBath Tile

Total Bathrooms: 6 / 1
Full Bathrooms: 6
1/2 Bathrooms: 1

Floor Marble
Floor Tile
Furnished - All

Dishwasher
Dryer
Range Hood
Refrigerator
Washer

Bedroom, Full Bathroom, Half Bathroom, Master Bedroom
Full Bathroom: 8 x 8
Full Bathroom Level: 3
Half Bathroom: 8 x 8
Half Bathroom Level: 3

BBQ Pit/Grill
Columns
Deck Open
Patio Covered
Pool - Heated
Porch
Shower
Summer Kitchen

Pool Features: Private
Pool Private: Yes

Gulf
Waterfront Feet: 100

Lot Description: Sidewalk, Within 1/2 Mile to Water
Lot Size Acres: 0.4981635
Lot Size Dimensions: 100x217
Lot Size Square Feet: 21700

Garage Spaces: 2
Open Parking Spaces: 10
Parking Features: Garage Attached, Oversized

View: Gulf
Energy: AC - High Efficiency, Ceiling Fans

Association: Yes
Association Fee: 300
Association Fee Frequency: Annually
Calculated Total Monthly Association Fees: 25

Elementary School: Van R Butler
High School: South Walton
Middle School: Emerald Coast

Van R. Butler Elementary School is a public elementary school located approximately 4.6 miles away.
directions icon Map directions

South Walton High School is a public high school located approximately 9.4 miles away.
directions icon Map directions

Emerald Coast Middle School is a public middle school located approximately 13.4 miles away.
directions icon Map directions

Gateway Academy is a private elementary and middle school located approximately 1.1 miles away.
directions icon Map directions

Facilities: Beach, Deed Access

Source Listing Status: Active
County: Walton
Directions: Located within Gulf Pines
Source Property Type: Residential
Area: 15 - Miramar/Sandestin Resort
Source Neighborhood: GULF PINES 2ND ADDN
Parcel Number: 34-2S-21-42080-007-0270
Subdivision: GULF PINES 2ND ADDN
Zoning: Resid Single Family
Property Subtype: Detached Single Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$5,371,466
$57,202
2021$unknown + $unknown
$4,883,151
$48,832
2020$2,018,108 + $2,421,120
$4,439,228
$44,314
2019$unknown + $unknown
$3,715,252
$37,042
2018$unknown + $unknown
$3,377,502
$34,075
2017$unknown + $1,809,370
$1,809,370
$17,034
2016$unknown + $1,657,347
$1,657,347
$15,707
2015$150 + $1,341,058
$1,341,208
$13,633
2014$unknown + $unknown
$1,161,240
$11,420
2013$150 + $951,570
$951,720
$9,872
2012$unknown + $unknown
$961,386
$9,328
2011$unknown + $unknown
$1,011,977
$9,736
2010$unknown + $unknown
$1,050,853
$10,135
2009$unknown + $unknown
$1,501,154
$13,458
2008$unknown + $unknown
$1,956,911
$16,274
2007$unknown + $unknown
$2,174,329
$17,910

Listed 2024-05-10
$16,995,000
NWFlorida
Sold 2019-07-12
$6,575,000
NWFlorida
Listing removed 2016-07-12
$5,750,000
NWFlorida
Listed 2015-11-10
$5,750,000
NWFlorida
Listing removed 2015-09-14
$2,650,000
NWFlorida
Listing removed 2015-05-26
$2,650,000
NWFlorida
Listed 2015-05-17
$2,650,000
NWFlorida
Sold 2014-08-15
$1,385,000
Public Record
Sold 2012-11-05
$1,000,000
Public Record
Sold 2004-07-26
$3,000,000
Public Record
Sold 1999-09-03
$800,000
Public Record
Sold 1994-05-02
$568,000
Public Record
Sold 1983-09-01
$350,000
Public Record

Access: Paved Road

Total Square Feet Living: 7768
Year Built: 2017
Building Exterior Type: Concrete, Stucco
Property Age: 7
Levels or Stories: 4.0
House Style: Beach House
Year Built Details: Construction Complete

Public Sewer
Public Water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.