Located at 178 Open Gulf Street is a three story six bedroom home with six full bathrooms offering over 3,000 square feet of gracious living and is just steps away from the luminescent emerald green waters of the gulf in magnificent Miramar Beach. It comes completely furnished with upscale professional décor and is comfortably appointed. Although this beach home has the look and feel of a private residence, it is also an excellent rental investment property. In fact in recent years it has become a popular family destination and grossed over $111,000 for 2013.
You may consider buying it as your Dream Home for retirement or use it as a vacation home and rent it out for lucrative passive income. Its award winning Old Florida design comes with breezy covered balconies on the upper floors and was featured a few years ago in the prestigious Parade of Homes. The balconies overlook a lushly landscaped palm studded splash pool that measures 10 x 20. Besides the comfortable furnishings it also has modern amenities which includes wall mounted TVs with DVDs and up to date stainless steel appliances in the open gourmet kitchen. The first floor includes the fabulously furnished family and dining room with a flat screen TV centered in the gracious living area. An elegant glass topped dining table nearby sits under a shaded chandelier with eight high backed chairs decorated with intricate pineapple carvings. There is a comfortably furnished den on this level that has sunny views of the gorgeous gulf nearby. Three of the six bedrooms are Master Suites with king sized beds and luxurious private bathroom “en suite” located on each of the three levels. The main Master Bedroom Suite encompasses the entire third floor and has its own private balcony that offers dazzling views out toward the glistening gulf.
The fantastic Miramar Beach location is half way between Destin and South Walton’s Scenic 30A which makes it centrally located near the best of both worlds. Besides the neighborhood's own sparkling crystalline beach nestled beside the jewel toned waters there are lots of delightful diversions nearby. These include popular gulf front restaurants along Scenic Gulf Drive, lively bars, championship golf courses, and the nation’s largest designer discount outlet known as Silver Sands. Grocery stores and pharmacies are also conveniently close. The charming New Orleans inspired Village of Baytowne Wharf at Sandestin is minutes away offering a wide assortment of restaurants, bars, boutiques, free live musical concerts, fun seasonal festivals and firework celebrations.
This home is value priced at $949,000 which averages at $310.94 per square foot. At the present time there are only nine other six bedroom homes for sale in Miramar Beach with an average list price at $1,284,878 which comes in at an average of $399.50 per square foot. The vast majority of these homes are not gulf view locations. Five homes with six bedrooms have sold in Miramar Beach within the past twelve months which had an average price of $1,216,000 coming in at $309.91 per square foot. One of these was a 4,554 square foot beachside residence actually located on Open Gulf Street in the same neighborhood that closed at $2,700,000 at $592.89 per square foot.