219 Open Gulf Street, Miramar Beach, FL

$8,995,000

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10

Beds

10

Baths

5,961

Square feet

0.40

Acres

Description

Rare find and cash-flowing investment opportunity with this beachfront home. Beachfront Bliss is one of the finest income-producing properties on the Emerald Coast. $608,000 in gross rental income in 2025 and over $614,000 gross revenue on the books for 2026 with more weeks to book. Built in 2018, this exceptional property has 10 bedrooms, 8 full bathrooms, 2 half bathrooms, and nearly 6,000 square feet of living space with panoramic views designed to comfortably accommodate large groups. Beachfront Bliss is a bespoke treasure gracing the coveted Miramar Beach shoreline along the Emerald Coast. FIRST FLOOR AND POOL AREA You'll be mesmerized as you walk through the grand entry doors and effortlessly flow into the sprawling main-level gathering room filled with a plethora of seating for entertainment and dining, along with a newly remodeled kitchenette and gaming area. Being bathed in sunlight with floor-to-ceiling sliding glass doors that optimize a visual masterpiece of the gulf, you'll enjoy the beauty of the beach while relaxing in this open-concept haven. With two large primary bedrooms and spacious en suite bathrooms, an additional half bath, a bunk room, laundry, and an elevator, this floor really does have it all! SECOND FLOOR A custom chef's kitchen complete with professional-grade appliances and an oversized marble island set the stage for culinary dreams. With unobstructed views of the gorgeous water and cotton-candy sunsets, you have the perfect backdrop for gathering with friends and family. This space feels massive with 20-foot ceilings and windows draping every wall. It expands to a lofty outdoor balcony with an industrial built-in grill, dining, and an additional lounging area ideal for breathing in the healing salt air and stunning views. This floor also offers a large pantry, fireplace and bar in the main living room, a half bath, a primary bedroom with en suite bathroom and balcony, and a large bunk room that sleeps 8 with an en suite bathroom. THIRD FLOOR The third floor is filled with posh private suites that provide personal sanctuaries for guests and friends. The main hall leads to a bunk room (sleeps 8) with en suite bathroom and two more bedrooms with en suite bathrooms. A large laundry room with washer and dryer and built-in cabinetry, along with a bar, line the walls of the hall leading to the extravagant oceanfront master suites. These two majestic bedrooms and en suite master baths encapsulate an unparalleled experience marrying lavish design with tranquility. This home was richly designed with opulence, comfort, and functionality at the forefront. Beachfront Bliss is a rare opportunity for a beloved legacy property in the heart of Miramar Beach. POOL & PRIVATE BEACH ACCESS With a continuation of beachfront luxury, the outdoor pool area is perfectly designed for entertaining, boasting an infinity spa and large heated pool, both complete with custom lighting. Whether you want to bask in the rays of the sun or take refuge for a few hours in the shade, this backyard oasis has room for everyone! The crowning jewel, of course, is your own private beach access that makes every beach day a breeze. INVESTOR INFO ~Turnkey Opportunity: Destin Dreamers is managing and can seamlessly transfer management. ~Unique and Rare: Few beachfronts with these rental numbers become available, and beachfronts are in high demand and tight supply. ~2025 Rental Numbers: $608,348 ~2026 Booked Reservations (with more to come): $614,286. The owner can count on rental income from day one. Multiple 2027 reservations on the books. ~Comparable: Empty beachfront lots in this area are listed at $7 million. For a little more, you can own a 10 bedroom rental property on the same water producing income from the start. ~Appreciation: Miramar Beach beachfront appreciates on four compounding factors: scarcity, rental performance, market momentum, and irreplaceability. It already outperforms 30A on yield-to-price -- with meaningful upside still ahead. **All information including dimensions should be confirmed by the buyer. Managed by Destin Dreamers and can seamlessly continue with bookings and management.

Legal Description

Lot 2 Blk 3 A. E. Richards S/D Desc As: Com At Ne/C Of Sec 33 N 88 Deg W 439.4Ft Alg Sec Ln, S 02 Deg 15'W 1225.7Ft To Ne/C Of Lot 1 Blk 3 S 83 Deg W Alg Beach St 49.1Oft To Pob, S 83 Deg W 49.10Ft, S 02 Deg 15'W 353Ft Mol To Gulf, Sely Along Gulf 48.9Oft Mol To E Bdry Of Lot 2, N 02 Deg 15'E 367.5Ft Mol To Pob. Or 1114-257 Or 2366-709 Or 2425-1673 Or 2452-1137 Or 2955-990 Or 3067-3117 Or 3179-441

Features of 219 Open Gulf Street

MLS® # 1000386
Price $8,995,000
Bedrooms 10
Bathrooms 10.00
Full Baths 8
Half Baths 2
Square Footage 5,961
Acres 0.40
Year Built 2018
Type Detached Single Family
Sub-Type Detached Single Family
Style Mediterranean
Status Active

Community Information

Address 219 Open Gulf Street
Area 15 - Miramar/Sandestin Resort
Subdivision RICHARDS A E UNREC
City Miramar Beach
County Walton
State FL
Zip Code 32550

Amenities

Utilities Electric, Gas - Natural, Gas - Propane, Public Sewer, Public Water, Tap Fee Paid
Parking Garage Door Opener, Garage
# of Garages 2
View Gulf
Is Waterfront Yes
Waterfront Gulf, Shore - Natural, Waterfront
Water View Gulf
Has Pool Yes
Pool Heated, In Ground

Interior

Interior Features Breakfast Bar, Vaulted Ceiling(s), Fireplace, Hallway Bunk Beds, Kitchen Island, Recessed Lighting, Owner's Closet, Pantry, Split Bedroom, Upgraded Media Wing, Wet Bar, Elevator
Appliances Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Range Hood, Refrigerator, Washer, Gas Water Heater
Heating Gas - Natural
Cooling Central Air
Fireplace Yes
Fireplaces Fireplace Gas
# of Stories 3

Exterior

Exterior Features Outdoor Grill, Balcony, Private Yard, Hot Tub, Lawn Pump, Pool - Gunite Concrt, Outdoor Shower, Sprinkler System, Outdoor Kitchen
Lot Description Cleared, Dead End, Level, Within 1/2 Mile to Water
Windows Window Treatments
Roof Slate
Construction Foundation Off Grade, Frame, Stucco
Foundation Foundation On Piling

School Information

Elementary Van R Butler
Middle Emerald Coast
High South Walton

Additional Information

Zoning Resid Single Family

Listing Details

OfficeLegacy Premier Agency LLC

For more information call

(850) 325-0004

Listing Map

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