512 Magnolia Pl #512, Miramar Beach, FL, 32550
About This Home
Lowest-priced 4-bedroom in Sandestin and arguably the best value on the market--fully renovated, completely rental-ready, and designed with flexible sleeping arrangements to maximize occupancy and income! Opportunities like this are rare, offering the perfect blend of immediate cash flow potential and a personal coastal escape. Welcome to 512 Magnolia Place in the highly sought-after Sandestin Golf & Beach Resort! This beautifully updated 4-bedroom, 2-bath home delivers the ideal mix of style, comfort, and investment upside. Completely renovated from top to bottom, this home features brand-new flooring, fresh interior paint, and a fully updated kitchen and bathrooms with modern, on-trend finishes. Every detail has been thoughtfully curated to create a clean, turnkey property ready to generate income from day one. With multiple sleeping options, this home is perfectly positioned to accommodate larger groups--helping increase nightly rates and overall rental performance. Outside, you'll find a convenient carport and an outdoor storage shed, ideal for beach gear, bikes, and everything guests need for a seamless stay. Located just inside the entrance of Sandestin, the home offers quick and easy access in and out of the resort--an underrated feature for both owners and guests--while still enjoying all the premier amenities the community is known for. If you've been waiting for a standout opportunity in Sandestin, this is it. Schedule your showing today before it's gone.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Construction Complete,Renovated
- Year built: 1976
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Vinyl Siding,Trim Wood
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Freezer,Microwave,Range Hood,Refrigerator,Washer
- Laundry features: Common Area
Bedroom
- Level: First
- Area: 180
- Dimensions: 12 x 15
Bedroom
- Level: First
- Area: 96
- Dimensions: 8 x 12
Bedroom
- Level: First
- Area: 154
- Dimensions: 11 x 14
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Dining Area
- Level: First
- Area: 160
- Dimensions: 16 x 10
Features
- Vaulted Ceiling(s),Recessed Lighting,Newly Painted,Pantry,Split Bedroom
- Window features: Window Treatments
- Flooring: Tile
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,562
- Total interior livable area: 1,562 sqft
Kitchen
- Level: First
- Area: 70
- Dimensions: 10 x 7
Living Room
- Level: First
- Area: 240
- Dimensions: 20 x 12
Master Bedroom
- Level: First
- Area: 180
- Dimensions: 12 x 15
Property
Details
- Parcel number: 272S21420400005120
Features
- Patio & porch: Patio
Parking
- Total spaces: 1
- Parking features: Attached Carport,Golf Cart Garage,Guest,Carport,Covered
- Covered spaces: 1
- Carport: Yes
- Carport spaces: 1
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 | $3,534 | $42,408 |
| Home Insurance * | $891 | $10,692 |
| Property Taxes | $659 | $7,908 |
| Electricity | $197 | $2,366 |
| Total | $5,281 | $63,372 |
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 |
|---|---|---|
| 2026-04-08 | Listed for sale | $719,000 |
| 2025-06-06 | Sold | $605,000 |
| 2025-05-20 | Pending sale | $629,000 |
| 2025-05-14 | Price change | $629,000 |
| 2025-04-24 | Price change | $639,000 |
| 2025-04-08 | Listed for sale | $649,000 |
| 2023-10-21 | Listing removed | -- |
| 2023-08-11 | Listed for sale | $689,000 |
| 2016-07-25 | Listing removed | $289,500 |
| 2016-03-29 | Listed for sale | $289,500 |
| 2013-05-06 | Sold | $272,000 |
| 2011-11-23 | Sold | $220,000 |
| 2004-12-13 | Sold | $345,000 |
| 2002-11-27 | Sold | $172,500 |
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