Relax, Build or Split: Opportunities at 187 Tang O Mar

This nautically styled, three-bedroom home at 187 Tang O Mar in Miramar Beach offers a prime location and an array of opportunities. Set within the charming Tang-O-Mar Beach community, this property combines the laid-back appeal of Old Florida with the vibrant lifestyle of Miramar Beach. Tang-O-Mar is a unique enclave spanning from the Emerald Coast Parkway to its own private beach. A nostalgic sandy road winds through this serene neighborhood, which features a mix of classic cottages and modern coastal designs. With only about two dozen homes, properties offered for sale are rare finds.

The two-story beach cottage sits on a 0.27-acre parcel and boasts 1,088 square feet of thoughtfully remodeled space. Its vibrant blue exterior with white trim and a wraparound sun deck exude crisp nautical charm. The lower-level veranda, complete with white Adirondack chairs and a porch swing, invites you to relax and enjoy the salty breeze. Upstairs, an open sundeck offers distant Gulf views, which can also be enjoyed from the living area and kitchen through sliding glass doors. The outdoor space includes a picnic dining table and a gas grill, perfect for al fresco meals and sunset gatherings.

Inside, the home is bright and airy, with natural light flooding the open-concept living area. White tile flooring enhances the space, while a pale blue couch and a wall-mounted flatscreen TV create a cozy atmosphere for relaxation.

The adjacent dining area features a honey-toned table with colonial ladder-back chairs, and the kitchen is equipped with white appliances, custom cabinetry, and a sleek glass tile backsplash.

The primary bedroom on the first floor includes sliding glass doors to the veranda, a king-sized bed, and a flatscreen TV. A nearby hall bath features a double vanity and a tub-shower combination. Upstairs, two cheerful guest bedrooms share a hall bath with a walk-in shower and marble tile accents.

One guest room includes twin beds with colorful spreads and wicker furnishings, while the other offers a queen bed and coastal-style décor.

This property’s true value lies in its zoning flexibility and potential for future development. On November 14, Walton County Planning & Zoning approved a lot split for this site, allowing for the construction of additional homes. Across the street, a similar lot split led to the development of two larger homes currently under construction. You can enjoy this charming cottage known as Sand Wishes as it is already on a vacation rental program through Ocean Reef Resorts, with a $46,000 gross rental income last year and $36,000 booked so far this year—or pursue plans for one or two larger vacation homes.

Located in the heart of Miramar Beach, this property is surrounded by conveniences, including popular restaurants, lively beach bars, and upscale shopping at Silver Sands Premium Outlets. Nearby attractions like the Village of Baytowne Wharf and Grand Boulevard at Sandestin offer everything from dining and live music to unique festivals and seasonal fireworks.

With a list price of $1,199,000, this property is priced at $1,102.02 per square foot, reflecting its exceptional location and potential. For comparison, recent sales in Tang-O-Mar ranged from $1,200,000 for a three-bedroom home to $2,400,000 for a five-bedroom estate. Properties in this exclusive neighborhood rarely come on the market, making this a prime opportunity.

Whether you’re seeking a family retreat, an investment property, or the chance to build your dream home, 187 Tang O Mar offers unparalleled potential. Contact us today at (877) 392-6085 for more details, including zoning approvals, rental income data, and to schedule your private tour.