Majestic Sun Condos for Sale

Posted by Destin Real Estate Sales on Thursday, April 14th, 2016 at 8:30am.

The iconic architectural masterpiece known as the Majestic Sun in Miramar Beach sits in grand fashion overlooking the emerald green jeweled waters of the gulf. Currently only 16 condominium are available for sale with a price range of $289,000 for a one bedroom two bath 833 square foot unit up to $1,200,000 for a four bedroom three bath 3,336 square foot property.

This truly “majestic” place faces the southern “sun” and resembles a giant manmade sandcastle and is a well known treasure in itself with a see through arch centered between two interconnected luxury towers. It soars twelve stories high above an indoor swimming pool with a cathedral ceiling below.

The indoor pool has a wall of floor to ceiling windows allowing you to see the gulf while swimming in a climate controlled environment. The outdoor pool and bubbling hot tubs have a spacious patio for sunny relaxation. The pool overlooks a palm lined promenade that provides access to the sugar white beach that extends across 2,000 linear feet of shimmering shoreline.

A state of the arts Fitness Center is also on site. The mantra about real estate value being directly related to “location, location, location” also applies here since it is in the heart of Destin’s Miramar Beach, minutes away from popular gulf front restaurants, friendly beach bars, grocery stores, championship golf courses and pro tennis courts.

TripAdvisor respondents give the Majestic Sun a Four Star Rating with remarks such as “Outstanding views”, “Great location” and “Perfect getaway!” Many owners place these sought after residences on lucrative vacation rental property programs. Ocean Reef Resorts, our esteemed property management division, reports that gross income highs for some clients in 2015 were as follows: $34,000 for a 1 bedroom unit; $41,000 for a two bedroom; $50,000 for a three bedroom and up to $71,000 for a three bedroom deluxe property.

During the past twelve months there have been twenty-seven sales ranging from $261,800 for a one bedroom 803 square foot unit up to $473,250 for a 1,502 square foot three bedroom three bath unit. There were no four bedroom properties available for sale at that time. Total sales averaged $367,450 for 1,139 square feet or $336.14 per square foot. There are four additional pending contracts awaiting closing with list prices ranging from $334,900 to $405,000 averaging at $354,975. This will bring the overall total up to 31 sales for 12 months with prices rising since supply is now limited with only 16 available for sale at the Majestic Sun.

There are five one bedroom 803 square foot units available listed from $289,000 to $299,900. Four 1,072 square foot units with two bedroom units are priced between $324,900 and $429,000. Three 1,502 three bedroom units are priced $479,000 to $549,000 and one Deluxe Penthouse level 2,212 square foot three bedroom property is priced at $799,000. Three properties with 3,336 square feet and four bedrooms are now available listed between $1,149,000 and $1,200,000.

Call our Ocean Reef Real Estate office today at (877) 392-6085 for more information and to schedule a showing in advance since many of these popular Majestic Sun properties for sale are on rental programs. One of our professional friendly agents can give you all encompassing information about sales and rentals in order to make a proper purchase.

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