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$699,000

Beds
3
Baths
2.0
sq ft
1,628

114 Mainsail Dr Unit C31, Miramar Beach, FL 32550

114 Mainsail Dr Unit C31

Miramar Beach, FL 32550

  • 9 days on market
Boom! Check out this gorgeous 3.5/2 in the heart of Miramar Beach that will leave you awestruck! The $100K renovations are absolutely stunning! This rental machine is nestled in the quiet gated community of the Cottages at Mainsail. With a community pool, beautiful landscaping, and easy PRIVATE access to the white sands of the Gulf Coast, this home is perfect for investors and homeowners alike. The home sports all new flooring (no carpet), paint, counter tops, integrated electronics, and ship lap. The first floor has two guest rooms and a bathroom while the upstairs master suite contains an oversized double vanity and soaker tub. The innovation continues off the upstairs suite with a completely custom wet bar and additional hideaway space for sleeping littles or storage. In addition, the upstairs suite has its own balcony for taking in the Sun, Salt, and Sea Breeze! Mainsail Cottages is gated and guarded 24/7 with amenities like 700 linear feet of PRIVATE deeded beach, two pools, tennis courts, pickleball courts, basketball court, shuffleboard courts, fitness room, vending machines & persistent roaming security. This gem did over $50K in 2024 and has $61K on the books already for 2025!

Details

Property type

Single Family Residence

Est. home value

$851,231

Lot size

5,663 sq ft

Price per sq ft

$430

Year built

1992

Monthly HOA fee

$1,476.67

Price History

03/24/2025
EmeraldCoast

EmeraldCoast #972036

Listed
$699,000
-5.41%
01/14/2025
CentralPanhandle

CentralPanhandle #754406

Removed
$739,000
10/15/2024
CentralPanhandle

CentralPanhandle #754406

Price change
$739,000
-3.9%

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

Community features: 

Gated, Pool, Tennis Court(s)

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$277,794
Asking price
$699,000
Closing costs (~8% of asking)
-$55,920
Est. remaining loan balance
-$365,286
Cash to seller
$277,794

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

August 2021

Original loan amount

$396,000

Est. remaining balance

$365,286

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Jeremy C Wiggins and Shannon N Wiggins

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/02/2025 at 4:35 AM

Listing updated: 03/27/2025 at 9:26 PM

Listed by: James B Byrd, EXP Realty LLC Phone #: (888) 883-8509

MLS: EmeraldCoast #972036

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