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$549,900

Beds
3
Baths
2.5
sq ft
1,771

355 Driftwood Rd Unit 6, Miramar Beach, FL 32550

355 Driftwood Rd Unit 6

Miramar Beach, FL 32550

  • 50 days on market
    • Price drop $25,099↓
Located just three blocks from the shore and priced well below appraisal value, this stunning townhome offers the perfect blend of comfort, convenience, and investment potential. Whether you're looking for a second home or a lucrative rental, this property is designed for effortless coastal living. The open-concept layout boasts a bright and inviting living and dining area, complemented by a well-appointed kitchen featuring stainless steel appliances, ample cabinet space, and granite countertops. The first floor impresses with soaring 10-ft. ceilings, enhancing the sense of space, while a half bath adds convenience. Upstairs, the primary suite serves as a private retreat, complete with a spa-like ensuite featuring dual sinks, a walk in shower and two walk in closets. Two additional bedrooms and a full bathroom complete the second floor. Step outside to enjoy a newly poured back patio and a private, fenced backyardperfect for relaxation or even the option to add a pool. An attached garage provides extra storage and convenience. Situated in the heart of Miramar Beach, this Kona Kai Gardens townhome is just minutes from Destin Commons, Silver Sands Premium Outlets, and five-star dining options. With a motivated seller listing below appraisal value, this is a rare opportunity to own a prime beachside retreat with strong rental potential at an unbeatable price. Don't miss out on this exceptional deal!

Details

Property type

Townhouse

Est. home value

$449,368

Lot size

1,307 sq ft

Price per sq ft

$311

Year built

2005

Monthly HOA fee

$41.67

Price History

04/04/2025
EmeraldCoast

EmeraldCoast #968615

Price change
$549,900
-4.37%
02/14/2025
EmeraldCoast

EmeraldCoast #968615

Listed
$574,999
-7.11%
11/16/2024
EmeraldCoast

EmeraldCoast #950391

Removed
$619,000

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

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

$275,472
Asking price
$549,900
Closing costs (~8% of asking)
-$43,992
Est. remaining loan balance
-$230,436
Cash to seller
$275,472

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

Seller’s Loan History

Lender

Weslend Financial Corp

Loan start date

September 2021

Original loan amount

$250,000

Est. remaining balance

$230,436

Interest rate

2.8%

Loan type

New Conventional, 30 year

Seller

Gray Storey and Rebecca Storey

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?

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Status: Active

Tomo last checked: 04/05/2025 at 1:00 PM

Listing updated: 04/04/2025 at 10:41 AM

Listed by: Keli S O'neal, Keli S O'neal, Scenic Sotheby's International Realty Phone #: (850) 231-6052

MLS: EmeraldCoast #968615

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