3 months on rocket

111 S Driftwood Bay Unit 123, Miramar Beach, FL, 32550

$520,000

Home List Price

$6,175*

Closing Credit

2 Bedrooms
2 Full Baths
1,149 SqFt
$453/SqFt
Condo

Location

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111 S Driftwood Bay Unit 123, Miramar Beach$520,000

Buyer Closing Credits

$6,175*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1984
HeatingCentral
CoolingCentral Air
WaterfrontLake Front
ViewLake
MLS #959116
StatusActive

About 111 S Driftwood Bay Unit 123

Price reduction( lowest $ per square foot in the complex ) in the exclusive Seascape Resort of Miramar Beach! This stunning ground-floor unit offers not only a prime location, also incredible convenience for both vacationers and owners alike. Imagine being just 50 steps from the sugar-white sands and emerald waters of the Gulf of Mexico, where your beach day is always within reach. Plus, youre only 20 steps away from one of the resorts five luxurious pools, making it easy to cool off & relax. Snowbird committed Jan through March bringing in about 8k!! Which can transfer to the buyer when they close. Projections 45-55k a year in rentals. Appraisal already completed! Screened-in patio overlooking a tranquil lake(a brand new screen will be done this month), where you can enj or evening wine with a peaceful viewThis serene setting offers a quiet escape after a fun-filled day at the beach or exploring the vibrant local area. Seascape Resort itself is a haven of amenities, offering tennis courts, a golf course, a fitness center, and access to beachside dining. Beyond that, the resort has some amazing concerts and events, hosting some of the biggest names in music, including Luke Combs, Lyle Lovett, Melissa Etheridge, Tanya Tucker, and many more, making it a destination for both entertainment and relaxation. Location, location, location! Not only are you steps away from the beach, but youre also a short distance from some of the best restaurants and shopping on the Emerald Coast. The Surf Hut, known for its seafood and beachfront views, is just minutes away, as is Acme Oyster House and Whales Tail Beach Bar & Grill for casual dining by the shore. For those seeking more upscale experiences, Oceans Club and Seagars Prime Steaks & Seafood are a short drive away, offering the perfect blend of fine dining and beachside elegance. Love to shop? Youre a quick trip from Silver Sands Premium Outlets, one of the largest designer outlet malls in the nation, offering luxury brands like Michael Kors, Coach, and Nike. Also nearby is the upscale Grand Boulevard, featuring Tommy Bahama, Anthropologie, Lululemon, and more, along with gourmet restaurants such as Emerils Coastal and Flemings Prime Steakhouse. This property also presents an exceptional investment opportunity. The seller has paid all assessments in full, and the building improvements are scheduled to be completed any day now, giving the buyer peace of mind. Even better, this unit already has October bookings lined up, plus a snowbird reservation from January through March, which can be seamlessly transferred to the new owner, providing immediate rental income. Dont miss your chance to own a slice of paradise on the Emerald Coast!

Property Details

Property Features

Property Information:

  • Architectural Style: N/A
  • Year Built: 1984
  • Living Area: 1,149 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Email: fl.admin@exprealty.net
  • Listing Agent: Jonathan R Marrone

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Self Cleaning Oven, Refrigerator, Ice Maker, Electric Oven, Washer
  • Interior: Breakfast Bar, Owners Closet, Renovated, Window Treatment(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Lake Front
  • View: Lake
  • Exterior: Patio Covered, Patio Enclosed, Porch, Porch Screened

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Enter Seascape from HWY 98. Pass through guard gate and turn R at the T-intersection. Go .4 mile (the lake will be on your left) and South Driftwood Bay will be the first street on your left. Turn L on South Driftwood Bay and 111 is the third building on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $520,000
  • Price Per SqFt: $453/SqFt

HOA Fees:

  • Amount: $3059
  • Frequency: Quarterly
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Housing Market Comparison

See how this home compares to others in Miramar Beach, FL.

Med. Sold Price

$757K

Med. Price/SqFt

$490

Avg. Days On Market

104

# of Sold Homes

33

111 S Driftwood Bay Unit 123 vs Miramar Beach

99 DAYS ON ROCKET

-5 Days

$520,000

-$237K Less

$453/SqFt

-$38 Less

KEY TAKEAWAY

This property is $237K less than the Median Sold Price and $38/SqFt less than other homes in Miramar Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Emerald Coast Association of REALTORS®
  • MLS Number: #959116

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Email: fl.admin@exprealty.net
  • Listing Agent: Jonathan R Marrone

IDX Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 6:21:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,682

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,625

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-896044
7
/10
  • Destin Elementary School

  • 630 Kelly St

  • 6.40 miles

  • Public District Grades PK-4

school-card-donut-896045
8
/10
  • Van R. Butler Elementary School

  • 6694 W County Highway 30A

  • 7.59 miles

  • Public District Grades KG-5

school-card-donut-896046
10
/10
  • Bluewater Elementary School

  • 4545 Range Rd

  • 7.86 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,071. Residents of Miramar Beach, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 111 S Driftwood Bay Unit 123

What is the listing price of this property?

The listing price of 111 S Driftwood Bay Unit 123 property is $520,000.

What type of property is this?

The property 111 S Driftwood Bay Unit 123 is a condo located in Miramar Beach, Florida, 32550.

Is this property for sale now?

Active Listing: 111 S Driftwood Bay Unit 123 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 111 S Driftwood Bay Unit 123 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 111 S Driftwood Bay Unit 123 is 1,149 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 111 S Driftwood Bay Unit 123 is 1984.

Rocket HomesFloridaWalton CountyMiramar Beach32550111 S Driftwood Bay Unit 123

This home is located at 111 S Driftwood Bay Unit 123 in Miramar Beach, FL and zip code 32550. This 1,149 square foot home was built in 1984. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $520,000.

While more than 1 listings in Miramar Beach, FL in November 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 30 were sold below. Between October 2024 and November 2024, Miramar Beach, FL real estate market has seen increase in the number of listings by 7.8%. In November 2024 median list price was $757,000 and the average listing age was 104 days.

From Rocket Homes Real Estate and based on county public records data.

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