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134 Norwood Dr Penthouse 4, Miramar Beach, FL, 32550

5beds
5baths
4,112sqft
$4,800,000
$1,167price/sqft
$33,765/moest. monthly cost
$1,350,600/yrincome needed

About This Home

Welcome to Villa Burago! When you enter this Majestic, TOP FLOOR , 5 BR, 5 Bath, 4112 SF Penthouse, you will feel like you are in a luxurious beachfront Home! Enjoy the amazing Gulf Front Views as you enter into a grand scale, large living area! The Gourmet Kitchen offers Wolf appliances, 48'' built-in Sub-Zero refrigerator. Custom kitchen cabinets. Quartz counter tops and more! Recently built in 2018, Villa Burago is one of the newest developments in Miramar Beach. This residence is immaculate! Very spacious! High end finishes throughout. Every bedroom has its own en-suites. Quality concrete construction, Impact glass and solid doors. Soundproof! Private Garage! If you are an Investor, this would be a rental machine!

Getting Around

39
WalkingCar-Dependent
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

8/10
8/10
South Walton High SchoolGrades 9-1210.2 mi

Construction

Condition

  • Property condition: Construction Complete
  • Year built: 2018

Materials

  • Foundation: Slab
  • Roof: Metal
  • Construction materials: Concrete,Stucco,Steel Frame

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Disposal,Dryer,Freezer,Microwave,Double Oven,Range Hood,Refrigerator,Washer,Electric Water Heater
  • Laundry features: Washer/Dryer Hookup

Bathroom

  • Level: First
  • Area: 36
  • Dimensions: 6 x 6

Bathroom

  • Level: First
  • Area: 36
  • Dimensions: 6 x 6

Bathroom

  • Level: First
  • Area: 36
  • Dimensions: 6 x 6

Bathroom

  • Level: First
  • Area: 42
  • Dimensions: 7 x 6

Bedroom

  • Level: First
  • Area: 169
  • Dimensions: 13 x 13

Bedroom

  • Level: First
  • Area: 156
  • Dimensions: 13 x 12

Bedroom

  • Level: First
  • Area: 156
  • Dimensions: 13 x 12

Bedroom

  • Level: First
  • Area: 156
  • Dimensions: 13 x 12

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 5

Dining Area

  • Level: First
  • Area: 391
  • Dimensions: 23 x 17

Features

  • Breakfast Bar,Crown Molding,Vaulted Ceiling(s),Kitchen Island,Recessed Lighting,Owner's Closet,Pantry,Wet Bar,Elevator
  • Door features: Storm Door(s)
  • Window features: Double Pane Windows,Storm Window(s),Tinted Windows,Window Treatments
  • Flooring: Tile,Carpet
  • Fireplace features: Gas
  • Fireplace: Yes
  • Attic: Pull Down Stairs

Heating & Cooling

  • Heating features: Central,Heat High Efficiency,Natural Gas
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 4,112
  • Total interior livable area: 4,112 sqft

Kitchen

  • Level: First
  • Area: 255
  • Dimensions: 17 x 15

Living Room

  • Level: First
  • Area: 580
  • Dimensions: 29 x 20

Master Bathroom

  • Level: First
  • Area: 144
  • Dimensions: 12 x 12

Master Bedroom

  • Level: First
  • Area: 272
  • Dimensions: 17 x 16

Property

Details

  • Parcel number: 332S21429200000PH4

Features

  • Pool features: In Ground
  • Patio & porch: Deck,Covered
  • Exterior features: Outdoor Grill,Balcony,Columns,Lawn Pump,Outdoor Shower,Sprinkler System,Rain Gutters
  • Has spa: Yes
  • Spa features: Heated
  • Fencing: Privacy
  • Has view: Yes
  • View description: Gulf
  • Has water view: Yes
  • Water view: Gulf
  • On waterfront: Yes
  • Waterfront features: Gulf,Waterfront

Parking

  • Total spaces: 4
  • Parking features: Garage Door Opener,Guest,Other,Garage,See Remarks
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered 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
    HurricaneVery High
  • Lightning
    LightningVery High
  • Tornado
    TornadoRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Tornado
Coastal Flooding
Inland Flooding
Strong Wind
Tsunami

FEMA Declared Disasters in Walton County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

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

MonthlyAnnual
Mortgage $24,271$291,252
Home Insurance *$6,118$73,416
Property Taxes $2,963$35,556
Electricity $413$4,965
Total$33,765$405,180
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,157,657/yr
40% on housing$1,012,950/yr
45% on housing$900,400/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

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.

Insurance Growth Rate5-year average: 16.1%
16.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 8.0%
8.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,167This listing

vs Other Active Listings

Avg $/sqft

ZIP 32550$422
Walton County$482

vs Homes Sold Last Month

Median $/sqft

ZIP 32550$483
Walton County$400

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

DateEventPrice
2026-07-01Price change$4,800,000
2026-02-11Listed for sale$4,950,000
2026-01-31Listing removed$4,950,000
2025-11-17Listed for sale$4,950,000
2025-11-02Listing removed$4,985,000
2025-05-07Listed for sale$4,985,000
2021-03-02Sold$2,800,000
2017-12-04Sold$2,500,000

For Sale by Agent

AgentJerry J Babin
BrokerageA List Beach Realty LLC

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