tomo logo

$1,250,000

Beds
3
Baths
3.5
sq ft
1,776

1987 Scenic Gulf Dr Unit A3, Miramar Beach, FL 32550

1987 Scenic Gulf Dr Unit A3

Miramar Beach, FL 32550

  • 1 day on market
Positioned directly on the sugar-white sands of Walton County, this exceptional three-story townhome in Costa Del Sol captures breathtaking gulf views from every level. Thoughtfully remodeled and professionally furnished, this turn-key retreat offers a prime investment opportunity with a strong rental history and sleeping accommodations for up to 12 guests. Upon entry, the main living area showcases floor-to-ceiling gulf views, complemented by designer furnishings and an inviting, open floor plan. The adjacent dining space features a custom-built booth that blends seamlessly with the sleek, modern kitchen outfitted with stainless steel appliances, ceiling-height cabinetry and pristine white countertops. The ground floor presents a private mother-in-law suite, accessible from the beach level porch, making it an ideal setup for multi-family stays. This level includes a second living area with a sectional sofa, flatscreen TV, bar, and built-in twin bunk, along with a spacious bedroom featuring a king bed, twin bed and twin trundle. The boardwalk leads directly to the beach access, ensuring uninterrupted coastal views. On the top floor, two king suites with private bathrooms provide luxurious accommodations. The primary suite boasts a private balcony, offering a front-row seat to mesmerizing gulf sunsets. Each bathroom is equipped with upgraded rainfall showerheads and high-end finishes, delivering spa-like comfort. Recent updates include new shower enclosures, two HVAC units, and a new microwave, ensuring modern efficiency. Centrally located between Pompano Joe's and Frangista Beach, this townhome is just moments from renowned gulf-front dining, boutique shopping and premier entertainment. With a high-performing rental history and exceptional design, this is an investment-worthy retreat that redefines beachfront living. With rental history and rental projections ranging from $64,000-$114,000, depending on owner usage, this one is a fantastic opportunity for any gulf-front buyer. The voluntary HOA includes management, internet and pest control.

Details

Property type

Townhouse

Est. home value

$1,448,265

Lot size

Unknown

Price per sq ft

$704

Year built

1980

Monthly HOA fee

$208.33

Price History

03/14/2025
EmeraldCoast

EmeraldCoast #971229

Listed
$1,250,000
+57.23%
11/16/2018
EmeraldCoast

EmeraldCoast #806699

Sold
$795,000
+34.75%
08/26/2016
EmeraldCoast

EmeraldCoast #754124

Sold
$590,000

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

Seller’s Loan History

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

Lender

Jpmorgan Chase Bank Na

Loan start date

January 2020

Original loan amount

$588,000

Est. remaining balance

$528,407

Interest rate

3.73%

Loan type

New Conventional, 30 year

Seller

Michael Carruth

Lender

Caliber Home Loans Inc

Loan start date

November 2018

Original loan amount

$596,250

Est. remaining balance

$530,597

Interest rate

4.72%

Loan type

New Conventional, 30 year

Seller

Michael Carruth

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: 03/15/2025 at 2:50 AM

Listing updated: 03/14/2025 at 10:34 PM

Listed by: Sarah P Stone, Sarah P Stone, Sarah Stone, Sarah Stone, Sarah Stone, Sarah Stone, Scenic Sotheby's International Realty Phone #: (850) 231-6052

MLS: EmeraldCoast #971229

EmeraldCoast logo