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Other in Miramar Beach, FL

$1,690,000 Get Pre-Approved

261 Open Gulf Street, Miramar Beach, FL, 32550

Description

Bedroom

6 Rooms

Bathroom

5 Baths

Square Foot

2826 Ft

Lot Size

0.09 Acres

Short term rental powerhouse featuring a spacious coastal home with ocean views from every floor, direct beach access from the front door, private seasonally heated pool, and massive 22 person sleeping capacity to maximize revenue. Designer furnishings, professional photography and full inventory to convey for immediate revenue generation. Less than 300 feet from direct beach access ensures high occupancy. Includes complimentary paddleboards and kayaks for added guest appeal. Designed from the ground up to ensure easy, low cost maintenance and best possible yield. Do an Internet search on Legacy Beach Homes of Destin, Florida to view real time calendars in order to determine availability for showings. Seller is listing over $100 million worth of properties from their portfolio (35 large STRs in the Destin/Miramar/30A area with an average appraisal value of slightly over $3M each.). Seller is only selling 10% of the portfolio. Seller will withdraw this and/or any other remaining listings once the first $10 million (approximately) in sales have been achieved. Seller does not disclose property-level rental revenue data. Buyer to perform their own due diligence regarding income potential. However, the appraisal in the document section of this listing may include the appraiser's revenue projection. Neither Airbnb nor VRBO offer a transfer option. However, the seller will make all reasonable efforts to facilitate the transfer of reservations. The Seller does not have to sell. Property has been priced based on recent appraisal and reflects the seller's minimum acceptable price. Most recent appraisal and inspections are included in the documents section of this listing.

Location
Contact Agent

Miramar Beach Expert Agent

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Additional Listing Details:

8 days on HouseJet

Last Refresh: 04/01/2026 03:00:04 PM UTC

MLS #: 998676

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Listing Agent

Ethan D Knight

License # 3645655

c21 wimco

Phone: 850-664-2100