Miramar Beach Villa Overlooking Lagoon Pool in Saint Tropez

There’s a certain feeling you get when a home doesn’t just offer a place to stay—but a sense of arrival.

Tucked within the distinctive Saint Tropez community in Miramar Beach, 150 Rue St Tropez—affectionately known as Emerald Palazzo—captures that rare balance of elegance, charm, and effortless coastal living. Inspired by the timeless villas of the French Riviera, this three-story residence delivers a lifestyle that feels worlds away, yet sits just minutes from the sugar-white shoreline of the Emerald Coast.

Positioned to overlook the community’s lush lagoon-style pool, complete with bubbling fountains and a spa, the home enjoys one of the most desirable vantage points in the neighborhood. Royal palms sway gently beyond turreted balconies, while the architecture itself—arched openings, terracotta tones, and a signature spiral staircase tower—sets the tone for something far more elevated than the typical beach home.

A Layout Designed for Living—and Hosting

Inside, nearly 3,000 square feet of thoughtfully designed space unfolds across three levels, offering both privacy and connection in all the right places. The main living area is bright and inviting, where oversized glass doors frame views of the pool courtyard and lead out to a charming balcony—ideal for morning coffee or an evening glass of wine.

The kitchen blends function with character, featuring stainless steel appliances, granite surfaces, and architectural details that give it the feel of a European estate. Just beyond, the dining and living spaces create a natural gathering point for family and guests alike.

Upstairs, the Primary Suite feels like its own private retreat, occupying much of the top floor. Reached by the home’s signature spiral staircase, it opens to a romantic balcony overlooking the water, paired with a spacious ensuite bath designed for unwinding after a day at the beach.

Guest accommodations are equally well considered, with multiple bedrooms offering access to patios or balconies—each one capturing a different perspective of the surrounding courtyard and tropical landscape. A flexible fourth bedroom on the third floor can easily serve as an office, additional sleeping space, or creative retreat, depending on how the home is enjoyed.

Walkable Coastal Living Along Scenic Gulf Drive

One of the home’s most compelling advantages is its location just off Scenic Gulf Drive—placing the beach, dining, and entertainment all within easy reach. A short stroll leads to public beach access and some of the area’s most beloved Gulf-front restaurants and casual beach bars.

Nearby, Silver Sands Premium Outlets offers world-class shopping, while golf and tennis are minutes away at Seascape Resort. Just a short drive east, Grand Boulevard brings together upscale dining, boutiques, wine bars, and seasonal events that keep the area lively year-round.

It’s the kind of setting where you can park the car and let the days unfold naturally—whether that means beach mornings, poolside afternoons, or sunset dinners just down the road.

A Proven Investment with Lifestyle Upside

What makes Emerald Palazzo especially compelling is its dual appeal. Currently part of the Ocean Reef Resorts rental program, the home offers immediate income potential for those seeking a turnkey investment, while still delivering the comfort and design expected of a personal retreat.

With four bedrooms, multiple outdoor living spaces, and a layout that comfortably accommodates larger groups, it’s well-positioned to perform in the high-demand Miramar Beach rental market. At the same time, its architectural character and prime location make it equally suited for full-time living or a second home that feels anything but ordinary.

A Distinctive Opportunity Along the Emerald Coast

Opportunities like this—where distinctive design, walkable location, and rental performance all align—don’t tend to linger. Offered at $1,550,000, Emerald Palazzo represents a compelling value for a home of this size, style, and setting within one of Miramar Beach’s most visually unique communities.

For those exploring ownership along the Emerald Coast, this is the kind of property that checks both the emotional and investment boxes—equally suited for personal enjoyment and proven rental success.

To learn more or view our featured listing, connect with Ocean Reef Real Estate Sales and discover what ownership could look like in one of the area’s most charming coastal enclaves.