159 Driftwood Road, Miramar Beach, FL 32550

$2,200,000 Asking Price

9 beds

9 baths

3,968 sqft

Built in 1981

*This property is designed as a multi-family, but is legally recorded with the county under single family.* Don't miss out on this unique investment opportunity to own a 5-unit income property with a private resort feel. Located south of 98, it is only 0.2 miles to the public beach access with NO HOA fees! Each unit boasts stylish, low maintenance polished concrete floors, modern kitchens with quartz countertops, modern bathrooms with large format tile and freestanding tubs. Recent upgrades include a new roof, water heaters, and HVAC. The impact-rated windows provide hurricane protection, while front & back patios enhance outdoor living. An outdoor shower is conveniently available for beachgoers, and the property features new landscaping. Projected annual rent $158,300!

Listing Status:: Active
Date Added:: September 21, 2024 — 9 days ago
Listing Office:: Worth Clark Realty, Joanna Allen (443-974-0209)
Office Phone:: 800-991-6092
MLS ID:: 959861

Features & Amenities

Interior

General:: Renovated
Appliances:: Cooktop, Dishwasher, Dryer, Refrigerator, Stove/Oven Electric, Washer
A/C:: true, Central Air

Exterior

General:: Fenced Lot-All, Patio Covered, Patio Open, Shower
Style:: Other

Construction

General:: Roof Metal, 1

Location

Originating MLS:: Emerald Coast Association of REALTORS®
County:: Walton

Lot

Zoning:: Resid Single Family, 30-2S-21-42290-000-0851

Utilities

Utilities:: Electric, Public Sewer, Public Water

Financial

Source:: Emerald Coast Association of REALTORS®

This listing courtesy of:
Worth Clark Realty, Joanna Allen

About Miramar Beach, FL

Housing

Number of Units: 12,123
Median Home Value: $444,951
Median Rent: $1,427

32.14% of housing units are renter occupied.

73.21% are vacant.

Commute

Car: 62.48%
Public Transportation: 0.23%
Walk to Work: 3.05%
Work from Home: 33.31%
Other: 0.27%

The median travel time to work is 15 minutes.

People

Population: 6,144
Median Age: 52.40
Median Household Size: 2.56

Education

High School: 13.31%
Associate’s Degree: 10.30%
Bachelor’s Degree: 32.22%
Graduate Degree: 23.36%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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159 Driftwood Road, Miramar Beach, FL 32550

$2,200,000 Asking Price