End-Unit Emerald Waters Condo For Sale

Ocean Reef Realty is proud to present a new listing for a wonderful three-bedroom residence with lovely views due to its premium end-unit position. It has an outstanding location in the heart of magical Miramar Beach at 1952 Scenic Gulf Dr #201 on the corner of Holiday Rd, bordering the prestigious palm-lined community of Frangista Beach. 

Emerald Waters is an exclusively small three-story-tall Mediterranean-styled enclave with only thirty-six condo units. It is aptly named since it sits diagonally across from the glittering "emerald waters" of the jewel-toned gulf. This locale is a short stroll away from the bright crystalline beach and Pompano Joe's, a popular colorful restaurant known for great seafood and extended happy hours for tropical margaritas. Emerald Waters 201 features a private end unit position on the second floor. This three-bedroom vacation residence with three full baths has one of the largest floor plans available at Emerald Waters, with 1,421 square feet. It can become your forever vacation dream home and a lucrative rental investment property. It comes completely furnished and ready for immediate use. This residence is already on our acclaimed Ocean Reef Resorts property management program. It is estimated to gross $50,000 in annual income for the current year, with $40,000 already on the books.

The sunny living area includes beach-washed hardwood tile flooring and coastal decorative art, including bottled glass, marine life prints, and sculptures. A plush latte-toned wraparound couch sits beneath two sets of windows facing a large flatscreen TV mounted above a lovely decorative glass front cabinet.

Sliding glass doors lead out to a balcony with a dining table for outdoor entertaining. This balcony features a peek of the gorgeous gulf in the distance and tropical grounds with a sparkling lagoon-shaped swimming pool surrounded by a spacious sun patio. There is also a simmering hot tub for pampered, soothing relaxation.

Back indoors, a charming round white dining table has five matching cottage-style chairs with wood slat backs near the open kitchen.

Three square wooden stools beside a malted granite-topped bar next to the open kitchen invite you to serve savory snacks, favorite drinks, wine, beer, and cold beverages. The ample kitchen includes white appliances with matching cabinetry highlighted with a colorful mosaic tile backsplash.

The master bedroom suite has country coastal-styled furnishings with a king-sized bed and a private bath that includes a tub shower combination and double vanity sinks.

A guest bedroom with regal antique cream-colored furnishings also has a private bath and a comfortable king-sized bed colorfully attired with crisp nautical colors.

A bright bunk room provides a perfect place for the kids with double bunks that include four twin beds. This room has access to another full hall bath with a tub shower combination that also serves as a convenient powder room. All three of the bedrooms include wall-mounted flatscreen TVs for nighttime viewing pleasure.

This wonderful Frangista Beach locale is minutes away from popular gulf front restaurants, friendly beach bars, grocery stores, and shopping adventures. The trendy Destin Commons retail village is close by and provides an idyllic shopping experience. This captivating shopping destination includes pedestrian-friendly avenues lined with palm trees, European-styled turrets, a clock tower, a classic fountain, and a geyser plaza for the kids to enjoy. The village includes a massive Bass Pro Shops, a Belk's Department Store, a variety of fine clothiers, fashion boutiques, shoe shops, jewelers, specialty shops, restaurants with bars, and a state-of-the-art multiplex AMC movie theater. A championship golf course and pro tennis center are nearby for fun at the Seascape Resort down Scenic Gulf Drive. This location is also a short distance away from bargain shopping at the famous Silver Sands Premium Outlets, one of the largest discount designer centers in the nation. The enchanting New Orleans French Quarter-inspired Village of Baytowne Wharf and urbane tropically landscaped Grand Boulevard are also nearby at the Sandestin Golf & Beach Resort. They provide wonderful shopping venues, a wide variety of restaurants, bars with live music, outdoor concerts, family amusements, year-round festivals, and vibrant seasonal firework celebrations.

This comfortably furnished vacation condo and lucrative short-term rental property is listed at $848,000. This comes in value-priced at $596.76 per square foot. Currently, there are only three other condos offered for sale at Emerald Waters ranging in price from $649,000 to $689,000. They are all smaller units encompassing 958 square feet for one and 1,050 for the other two. They each include two bedrooms and two full baths. The average total price per square foot for these other offerings comes in much higher than this listing at $678.35 per square foot.

If you are in the position to purchase a vacation rental property of this caliber, contact our Ocean Reef Real Estate office today at 877-392-6085. This value-priced residence will not be on the market long! We will provide you with a comparative market analysis to ensure you are fully informed. It will show comparable condo listings for sale, pending contracts, and all that have sold within the past twelve months. We will also give you detailed current data showing this property's annual gross rental income. We look forward to serving you and arranging your private tour!