This magnificent beachfront home encompasses nearly 6,000 square feet and includes ten bedrooms. It has an impressive location at 219 Open Gulf St in Miramar Beach. It could become your forever vacation home or the most lucrative rental investment property in your portfolio. In 2021 this home boasted $633,178 in gross annual rental income, and over $600,000 of gross revenue is already on the books for 2022. This three-story vacation home was just completed in 2018 and has "all the bells and whistles" for creature comforts and opulent appointments.
This incredible beach house has a coveted location hidden away in a residential enclave yet in the heart of everything Miramar Beach offers. The stunning setting will make you feel like you're visiting a celebrity's home or taking professional photo layouts for the latest issue of Architectural Digest. All of the interiors throughout this home were thoughtfully selected to reflect a chic modern coastal style with fine finishes, hardwood tile flooring, quartz, designer lighting, intricately tiled bathrooms, tall tray ceilings, walls of sliding glass doors, custom millwork, and detailed craftsmanship. The luxurious opulence of this home was created by elaborate comfortably furnished interiors, a lavish gulf front swimming pool with a covered spa, private beach access, a state-of-the art movie theater, and a game room. There are seven king suites with private luxury baths located on each of the three levels, along with bunk rooms with full-sized beds and an elevator.
A regal entry foyer leads into the first level with a bunk room and guest bedroom with an ensuite bath. A hallway leads into a bright, spacious game room going past a powder room. The game room features a pool table, wet bar, cabinetry, a full-sized refrigerator/freezer, a raised game table, a large wall-mounted flatscreen TV, and a wall of sliding glass doors overlooking the stellar gulf front swimming pool.
A theater room is also on this level, with built-in creamy leather recliners that face a giant entertainment screen.
Sliding glass doors lead to a stupendous swimming pool that wraps around two sides of the furnished covered patio. It features underwater porcelain tiled bar stools to enjoy refreshing fun with favorite drinks. A waterfall cascades down from one pool into a more extended pool below that spans across the width of the beach home. It is bordered by a sun patio with lounge seating to enjoy the stunning views of the jewel-toned gulf. In less than a minute, you may go from taking a refreshing pool plunge to luxuriating in the glittering gulf waters. Another lovely guest bedroom with a luxurious ensuite bath off the game room also overlooks the sensational pool and beautiful seascape.
Stairs and an elevator lead up to the second floor's stunning open living, dining, and kitchen areas. Tall soaring ceilings, glass walls, columned portals, and vivid gulf views are breathtaking. The living room has a massive floor-to-ceiling rock-walled gas fireplace with a huge flatscreen TV mounted above a thick mantle. A latte-toned leather couch and a circular cocktail table ensembles around a white rug with abstract black diamond patterns. A wall of sliding glass doors lead to a covered balcony with a gas grill, dining area, and front row seats overlooking the glittering gulf.
A full custom-built bar at one end of this spacious room is ready to provide gracious entertaining with a wine cooler, a mini-refrigerator, and raised seating.
The bright open gourmet kitchen is striking with white custom cabinetry, matching quartz countertops, and backsplash. Professional-grade brushed stainless steel Wolf and Sub-Zero appliances, along with a large pantry, would delight any chef wanting to create a fun culinary feast. The huge quartz-topped island has a wet bar and raised straw woven tropical seats for entertainment. A gorgeous palatial candle chandelier is suspended above the kitchen island, which matches another that soars above a long rustic plank wood dining table nearby.
The dining table has twelve chairs and is surrounded on three sides by massive windows providing views of the sparkling seascape. It sets the stage for seamless entertaining connecting directly to the kitchen and the spacious open living area.
A hallway leads down from the open living area past a powder room and into two guest quarters. One includes a bed with a plush regal tufted headboard and a full ensuite luxury bath. The other is a bunk room with four twin beds.
Other comfortably appointed guest quarters and two gulf front master bedroom suites are on the third floor. A hallway that connects them features a wet bar with white countertops, a wine cooler, and a mini-refrigerator.
The main master bedroom has a stylish, distinctively modern look with a king-sized bed adorned with four gleaming chrome corner posts beside a wall of sliding glass doors leading out to the furnished beachfront balcony. It faces an elegant contemporary white dresser with a large flatscreen TV for evening viewing pleasure.
The luxurious ensuite bath has two raised vanities, white quartz countertops, a soaking tub, and a large separate glass-walled shower.
The other master bedroom has a crisp modern look with a king-sized bed and private access to the breezy balcony.
Its ensuite luxury bath has double vanity sinks, a soaking tub, and a walk-in shower.
Three other beautifully appointed guest bedrooms are on this level. A guest bedroom with a plush king-sized bed and a bunk room each include a full ensuite bath. Another lovely elegant guest bedroom on this floor is directly across from a full hall bath with a glass-walled walk-in shower.
This amazing Miramar Beach location is minutes away from popular restaurants with friendly beach bars along Scenic Gulf Drive. A championship golf course and professional tennis center are nearby at the Seascape Resort. This locale is also close to grocery stores and bargain shopping for world-class designer goods at the Silver Sands Premium Outlets. A wide array of wonderful restaurants, bars with live music, abundant shopping adventures, delightful family amusements, outdoor concerts, year-round festivals, and colorful firework displays are minutes away at Sandestin's enchanting Village of Baytowne Wharf and Grand Boulevard.
This magnificent vacation home and highly lucrative rental investment property includes 5,961 square feet. It is listed at $8,199,000, which comes in at $1,375.44 per square foot. Currently, there are four other gulf front single-family homes for sale in Miramar Beach. They range from $2,900,000 for a three-bedroom home with 2,685 square feet up to $7,500,000 for a five-bedroom home with 5,645 square feet. The total average cost for these gulf front home listings stands at $1,172.56 per square foot.
If you are ready to take advantage of owning a lucrative rental investment property and magnificent beach home, contact our Ocean Reef Real Estate office today at 877-392-6085. We will provide you with complete details and a professional comparative market analysis. This information will show all homes listed, pending contracts, and a history of homes that have sold within the past twelve months. We can also provide gross rental income figures from our highly esteemed Ocean Reef Resorts property management division. Once you are fully informed, we can set up your private tour and help to secure your dream home!