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$3,399,000

Beds
8
Baths
8.5
sq ft
3,808

221 Norwood Dr, Miramar Beach, FL 32550

221 Norwood Dr

Miramar Beach, FL 32550

  • 1 day on market
Welcome to 221 Norwood Drive - a coastal gem that epitomizes luxury living. With 8 bedrooms, 9 bathrooms, and a 3-story layout, this property is a testament to design, style, and comfort, tucked away in the heart of Miramar Beach. From the moment you step inside, you'll be captivated by the abundant natural light, the tastefully coastal-inspired decor, and the stunning ocean views that grace almost every room. The expansive living areas seamlessly blend indoor and outdoor spaces, creating the perfect setting for both entertaining and cherished family moments. The resort-style pool and outdoor lounging areas set the stage for relaxation and memorable gatherings while listening to the sound of the waves crashing. The kitchen is a chef's dream, boasting top-of-the-line appliances, ample counter space, and a generous island. Whether you're hosting an intimate dinner party or a grand celebration, this kitchen will surpass your expectations. Each bedroom comes with its own private bath, ensuring the utmost privacy and convenience. Beyond the property's beauty, you'll find yourself in the heart of Miramar Beach, celebrated for its pristine white sandy beaches, vibrant culinary scene, world-class shopping, and a wide array of water and outdoor activities. It's a place where coastal living truly reaches its zenith. However, this property offers more than just luxury living; it's also a shrewd investment opportunity. In 2024, it generated an impressive $285,000 in rental income, and year-to-date, it's already achieved $133,872 gross rental income on the books and expected to exceed $300,000 for 2025. Don't miss the chance to make 221 Norwood Drive your forever home or a savvy investment. Experience the magic of this unparalleled coastal paradise.

Details

Property type

Single Family Residence

Est. home value

$3,613,658

Lot size

6,098 sq ft

Price per sq ft

$893

Year built

2020

Price History

03/01/2025
EmeraldCoast

EmeraldCoast #969883

Listed
$3,399,000
-8.11%
02/03/2024
EmeraldCoast

EmeraldCoast #936328

Removed
$3,699,000
11/09/2023
EmeraldCoast

EmeraldCoast #936328

Listed
$3,699,000
+23.3%

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

Community features: 

Pool

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

Walton Funding Llc

Loan start date

September 2021

Original loan amount

$2,102,000

Est. remaining balance

$1,939,504

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Joahd Malik Toure and Viviana Toure

Lender

Walton Funding Llc

Loan start date

July 2021

Original loan amount

$2,100,000

Est. remaining balance

Not provided

Interest rate

2.96%

Loan type

Stand Alone Second

Seller

Joahd Toure and Viviana Toure

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: 03/02/2025 at 3:10 PM

Listing updated: 03/02/2025 at 8:19 AM

Listed by: Spears Group, Spears Group, Compass Phone #: (305) 851-2820

MLS: EmeraldCoast #969883

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