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257 Driftwood Rd #3, Miramar Beach, FL, 32550

4beds
4baths
2,281sqft
$824,900
$362price/sqft
$6,060/moest. monthly cost
$242,400/yrincome needed

About This Home

ATTENTION INVESTORS & BEACH LOVERS - TURNKEY LUXURY JUST STEPS FROM THE GULF! Welcome to Driftwood Townhomes #3, an exceptional coastal retreat nestled within an exclusive 20-residence luxury community in the heart of Miramar Beach. Perfectly positioned just a short stroll from the sugar-white sands of the Emerald Coast and the iconic Pompano Joe's, this fully furnished, rental-ready townhome offers the rare combination of luxury, location, and income-producing potential. Designed with both elegance and durability in mind, this stunning 4-bedroom, 4-bathroom residence comfortably sleeps up to 12 guests and showcases premium finishes throughout. The highly sought-after floor plan features gorgeous porcelain tile flooring throughout the first level, where you'll find a spacious bunk suite complete with custom built-in bunks, abundant storage, and a full bathroom. The private outdoor patio creates the perfect setting for entertaining after a day at the beach. The second and third floors are highlighted by rich, natural oak hardwood flooring, soaring 9-foot ceilings, elegant 5¼-inch crown molding, and multiple private balconies featuring Trex decking and aluminum railings. The chef-inspired kitchen is truly the centerpiece of the home, showcasing AristaCraft soft-close cabinetry, endless granite countertops, Frigidaire Gallery stainless steel appliances, and a stunning oversized maple wood island table designed for gathering family and guests. Read more.... Luxury and functionality blend seamlessly throughout the residence with two sets of washers and dryers conveniently located on the first and third floors, three separate Carrier heat-pump HVAC systems (one dedicated to each floor), LED lighting throughout, impact-resistant glass windows, and a 50-gallon hot water tank with an integrated dehumidifier pump. The insulated garage features tiled flooring and an insulated garage door, offering additional flexibility and storage. The luxurious primary suite serves as a private sanctuary, featuring a massive walk-in closet, oversized walk-in shower, and a spa-inspired soaking tub designed for ultimate relaxation. Additional guest bedrooms provide comfortable accommodations for large families, vacationers, and rental guests alike. Built to withstand the coastal environment, these townhomes feature durable fiber-cement construction, impact-rated windows designed to withstand winds up to 150 MPH, and Gulf Power-certified "EarthCents" energy-efficient construction. Combined with remarkably low HOA dues, ownership costs remain attractive for both investors and second-home owners. Residents and guests enjoy access to a seasonally heated resort-style community pool, beautifully landscaped grounds, and one of the most desirable locations along the Emerald Coast. You're just minutes from Silver Sands Premium Outlets, Grand Boulevard, Baytowne Wharf, championship golf courses, world-class dining, boating, fishing, and endless entertainment. Whether you're searching for a high-performing short-term rental investment, a luxurious second home, or a full-time beach residence, this exceptional property delivers the perfect blend of lifestyle and financial opportunity. Rarely does a property combine this level of craftsmanship, rental potential, energy efficiency, and walkability to the beach. Schedule your private showing today and secure your place in one of Miramar Beach's most desirable coastal communities before this opportunity slips away.

Getting Around

47
WalkingCar-Dependent
0
TransitVery Limited Transit
50
BikeBikeable

Schools

8/10
8/10
South Walton High SchoolGrades 9-1212.3 mi

Construction

Condition

  • Property condition: Construction Complete,Renovated
  • Year built: 2017

Materials

  • Construction materials: Siding CmntFbrHrdBrd

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

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

Bedroom

  • Level: Second
  • Area: 153.6
  • Dimensions: 12 x 12.8

Bedroom

  • Level: Third
  • Area: 152.32
  • Dimensions: 12.8 x 11.9

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Crown Molding,Vaulted Ceiling(s),Kitchen Island,Recessed Lighting,Newly Painted,Owner's Closet,Pantry
  • Window features: Plantation Shutters,Window Treatments
  • Flooring: Hardwood,Tile

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 2,281
  • Total interior livable area: 2,281 sqft

Kitchen

  • Level: Second
  • Area: 256
  • Dimensions: 16 x 16

Living Room

  • Level: Second
  • Area: 256
  • Dimensions: 16 x 16

Master Bedroom

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

Other

  • Level: First
  • Area: 200.2
  • Dimensions: 15.4 x 13

Property

Details

  • Parcel number: 302S21429500000030

Features

  • Pool features: Heated,In Ground
  • Patio & porch: Covered,Porch
  • Exterior features: Balcony

Lot

  • Features: Within 1/2 Mile to Water

Parking

  • Total spaces: 5
  • Parking features: Garage Door Opener,Guest,Other,Oversized,Garage
  • 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
    LightningRelatively High
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Tornado
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 $4,171$50,052
Home Insurance *$1,051$12,612
Property Taxes $609$7,308
Electricity $229$2,754
Total$6,060$72,720
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$207,771/yr
40% on housing$181,800/yr
45% on housing$161,600/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

$362This listing

vs Other Active Listings

Avg $/sqft

ZIP 32550$430
Walton County$484

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
2026-06-11Listed for sale$824,900
2025-06-02Listing removed$950,000
2025-01-10Listed for sale$950,000
2023-07-10Sold$945,000
2023-06-02Pending sale$955,900
2023-05-25Price change$955,900
2023-04-17Price change$959,900
2023-03-03Listed for sale$965,000
2023-03-03Listing removed--
2023-03-02Price change$965,000
2023-02-14Price change$975,000
2022-11-29Listed for sale$977,900
2022-09-23Listing removed--
2022-09-15Listed for sale$977,900
2018-07-11Sold$593,900
2018-04-07Listed for sale$569,900

For Sale by Agent

AgentKyle V Hock
BrokerageRealJoy Realty LLC

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