




501 Magnolia Pl #501, Miramar Beach, FL, 32550
About This Home
Introducing a rare opportunity to own a high-performing coastal retreat within the gates of Sandestin Golf & Beach Resort-where elevated design, resort lifestyle, and proven short-term rental potential align. Located in the highly sought-after Magnolia Village, this 4 bedroom unit is ideally positioned to capture strong vacation rental demand thanks to its spacious layout, prime resort access, and proximity to the Gulf of America. Designed to comfortably accommodate larger groups-a key driver of rental revenue-the home features multiple guest suites, an open-concept living area, and seamless indoor-outdoor flow that today's travelers prioritize. The interiors are bright and inviting, with a well-appointed kitchen, generous gathering spaces, and thoughtfully designed sleeping arrangements that maximize occupancy and guest satisfaction. Outdoors, a private patio overlooking the Links Golf Course provides a serene, resort-style setting that enhances guest experience and repeat bookings. What sets this property apart is its turnkey investment readiness. Offered fully equipped for short-term rentals including a golf cart, it allows for immediate income generation with minimal downtime. Sandestin's established reputation as a premier destination--combined with walkable and golf cart access to the beach, Baytowne Wharf, marina, Jolee Island, Grand Boulevard Shopping Center, Silver Sands Factroy Outlets, dining, entertainment, and minutes to 30a--ensures year-round rental appeal and diversified seasonal income streams. With limited inventory of true 4-bedroom offerings in this price segment, the property benefits from a competitive advantage in both nightly rates and occupancy. The combination of location, size, and resort amenities positions it as a compelling asset for investors seeking both lifestyle enjoyment and consistent revenue performance. Whether you're expanding a rental portfolio or securing a second home that works for you while you're away, this is a strategic acquisition in one of the Emerald Coast's most established and resilient vacation markets.
Getting Around
Schools
Construction
Condition
- Property condition: Construction Complete
- Year built: 1976
Materials
- Roof: Composition
- Construction materials: Block,Vinyl Siding
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Washer,Electric Water Heater
- Laundry features: Washer/Dryer Hookup
Bedroom
- Level: First
- Area: 144
- Dimensions: 12 x 12
Bedroom
- Level: Second
- Area: 144
- Dimensions: 12 x 12
Bedroom
- Level: Second
- Area: 144
- Dimensions: 12 x 12
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Vinyl
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air,Ceiling Fan(s)
Interior Area
- Total structure area: 1,640
- Total interior livable area: 1,640 sqft
Kitchen
- Level: First
- Area: 120
- Dimensions: 12 x 10
Living Room
- Level: First
- Area: 180
- Dimensions: 15 x 12
Master Bedroom
- Level: Second
- Area: 204
- Dimensions: 17 x 12
Property
Details
- Parcel number: 272S21420400005010
Features
- Patio & porch: Patio
- Exterior features: Balcony
Parking
- Total spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Tornado
- Coastal Flooding
- Inland Flooding
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Walton County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,665 | $43,980 |
| Home Insurance * | $924 | $11,088 |
| Property Taxes | $296 | $3,552 |
| Electricity | $197 | $2,366 |
| Total | $5,082 | $60,984 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-13 | Price change | $699,000 |
| 2026-05-13 | Listed for sale | $725,000 |
| 2022-02-26 | Listing removed | -- |
| 2021-06-28 | Pending sale | $499,900 |
| 2021-06-25 | Listed for sale | $499,900 |
