Gulf-View Vacation Home with Crescent Access

This marvelous fully furnished five-bedroom vacation home on a lovely lagoon at 59 Monaco St in Miramar Beach can simultaneously serve as a family vacation residence and lucrative rental investment property. Presently enrolled in a short-term vacation rental program under the expert management of our renowned team at Ocean Reef Resorts, it promises both enjoyment and financial gain.

Sunny Daze accommodates up to sixteen fortunate guests and boasts a gross rental income of $81,000 for 2023. Spanning 2,769 square feet across four stories, this spacious residence offers furnished verandas on multiple levels, each providing sparkling tropical views. The charming exteriors warmly embrace visitors with their enchanting golden Americana-styled design. Overlooking a large natural lagoon adorned with flowering Lilly pads, the back of the home offers a rich habitat for wildlife. A short stroll away lies a giant set of swimming pools at the neighboring Crescent condominium. These pools include a large curvy swimming pool alongside a big oval-shaped pool, while the expansive tropically landscaped patio overlooks the jeweled waters of the glowing gulf. Guests can indulge in delightful leisure activities, from frolicking in freshwater pools and soothing hot tubs to enjoying the beautiful beach and luxuriating in the luminescent gulf waters.

The open living, kitchen, and dining areas are on the second floor, adorned in beach chic fashion, offering a casual yet elegantly rustic ambiance. Comfortably furnished, this space defines relaxed sophistication. Two breezy verandas are easily accessible from this level. A creamy white tropical slip-covered couch sits beneath a trio of vibrant abstract landscapes, complemented by two sleek white armchairs and a corner canary yellow accent armchair. Facing this arrangement is a large flatscreen TV mounted above a gleaming black ebony framed cabinet adorned with straw-woven tropical baskets. A nearby half bath serves as a convenient powder room.

A sturdy natural hardwood country dining table, accompanied by bench seating and tall tropical straw-woven end chairs, offers a charming setting for dining. Adjacent to it is a spacious portal featuring a latte-toned marble-topped entertainment bar, complete with seven stools for guests to enjoy their favorite drinks and tasty appetizers.

The kitchen is equipped with state-of-the-art amenities, including cream-colored custom cabinetry and brushed stainless steel appliances, perfect for inspiring culinary creativity. Adjacent to the kitchen is a laundry room complete with a washer and dryer for added convenience.

The expansive primary bedroom, located on the third floor, boasts comfortable regal white cottage-styled furnishings. A king-size bed with four intricately carved column posts and a decorative headboard takes center stage, flanked by side cabinets adorned with stylish elegant lamps. Positioned opposite is a flatscreen TV mounted on a tall, slender white cabinet embellished with charming painted palm trees, perfect for nighttime viewing pleasure. This bedroom offers access to its own covered balcony and a luxurious ensuite bath, featuring a glass-walled walk-in shower adorned with lavish marble.

A second primary bedroom, located on the first floor, exudes an upscale tropical ambiance. It features a king-size bed and a luxurious private bath, complete with a deep soaking tub and a separate shower. This level also accommodates one of the charming guest bedrooms, furnished with two full beds and an ensuite bath boasting a walk-in shower.

Returning to the upper levels, a luminous guest bedroom on the third floor features a full-size bed, balcony access offering views of the lagoon, and an ensuite bath equipped with a walk-in shower.

Ascending the staircase, you'll reach the fourth-floor tower bunk room, furnished with a full-size and a twin bed. This cozy space also offers balcony access, providing a glimpse of the sparkling gulf in the distance.

Situated off Scenic Gulf Drive, this exceptional location places owners and their esteemed guests within close proximity to all that Miramar Beach has to offer. Nearby are popular gulf-front restaurants with inviting beach bars, grocery stores, wine shops, and fantastic bargain shopping opportunities for world-class designer goods at the renowned Silver Sands Premium Outlets. Additionally, a championship golf course and professional tennis center are conveniently located on Scenic Gulf Drive at the Seascape Resort. For further entertainment and dining options, the captivating Village of Baytowne Wharf and upscale Grand Boulevard are just a short distance away at the Sandestin Golf & Beach Resort. These areas boast a diverse array of superb restaurants, friendly bars featuring live music, specialty shops, fashion boutiques, and galleries. Grand Boulevard even offers a state-of-the-art multiplex movie theater, complete with a VIP dining room where guests can enjoy meals and drinks while watching their favorite films. Meanwhile, the enchanting New Orleans French Quarter-inspired Baytowne Wharf provides unique family amusements, outdoor concerts, year-round festivals, and vibrant seasonal firework celebrations, ensuring endless entertainment options for all.

This versatile family vacation home, ideal for doubling as a lucrative short-term rental investment property, is currently listed at $1,399,000, translating to $505.24 per square foot. In Miramar Beach, there are three comparable homes on the market: a three-bedroom property spanning 1,934 square feet priced at $1,069,000 ($552.74 per square foot); a four-bedroom home covering 2,032 square feet listed at $1,175,000 ($578.25 per square foot); and a four-bedroom residence with 3,454 square feet offered at $1,595,000 ($461.78 per square foot). The average price per square foot for all three other listings totals $517.39.

Take advantage of this attractively priced and exquisitely furnished vacation home, perfect for both personal enjoyment and rental investment. Contact our Ocean Reef Real Estate Sales office today at 877-392-6085. We'll furnish you with a professional comparative market analysis encompassing current, comparable listings, pending contract closings, and sales within the past twelve months. Additionally, our Ocean Reef Resorts vacation rental management team can provide valuable insights, including detailed data on annual gross rental income figures. Once you're fully informed and at ease, we'll gladly arrange your private tour!