501 Magnolia Place 501, Miramar Beach

$699,000

4 Beds
3 Baths
1,640 Sqft
0 Acre
0 Garage

Introducing a rare opportunity to own a high-performing coastal retreat within the gates of Sandestin Golf & Beach Resort-where elevated design, resort lifestyle, and proven short-term rental potential align. Located in the highly sought-after Magnolia Village, this 4 bedroom unit is ideally positioned to capture strong vacation rental demand thanks to its spacious layout, prime resort access, and proximity to the Gulf of America. Designed to comfortably accommodate larger groups-a key driver of rental revenue-the home features multiple guest suites, an open-concept living area, and seamless indoor-outdoor flow that today's travelers prioritize. The interiors are bright and inviting, with a well-appointed kitchen, generous gathering spaces, and thoughtfully designed sleeping arrangements that maximize occupancy and guest satisfaction. Outdoors, a private patio overlooking the Links Golf Course provides a serene, resort-style setting that enhances guest experience and repeat bookings.
What sets this property apart is its turnkey investment readiness. Offered fully equipped for short-term rentals including a golf cart, it allows for immediate income generation with minimal downtime. Sandestin's established reputation as a premier destination--combined with walkable and golf cart access to the beach, Baytowne Wharf, marina, Jolee Island, Grand Boulevard Shopping Center, Silver Sands Factroy Outlets, dining, entertainment, and minutes to 30a--ensures year-round rental appeal and diversified seasonal income streams.
With limited inventory of true 4-bedroom offerings in this price segment, the property benefits from a competitive advantage in both nightly rates and occupancy. The combination of location, size, and resort amenities positions it as a compelling asset for investors seeking both lifestyle enjoyment and consistent revenue performance. Whether you're expanding a rental portfolio or securing a second home that works for you while you're away, this is a strategic acquisition in one of the Emerald Coast's most established and resilient vacation markets.

Essential Information
MLS® #1002984
Price$699,000
Bedrooms4
Bathrooms3.00
Full Baths3
Square Footage1,640
Year Built1976
TypeResidential
Sub-TypeCondominium
StyleN/A
StatusActive
Community Information
Address501 Magnolia Place 501
Area15 - Miramar/Sandestin Resort
SubdivisionMAGNOLIA VILLAGE CONDO
CityMiramar Beach
CountyWalton
StateFL
Zip Code32550
Utilities

Electric, Public Sewer, Public Water

Interior
Interior FeaturesWasher/Dryer Hookup
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
Appliances

Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater

Exterior
Exterior FeaturesBalcony
RoofComposite Shngl
ConstructionBlock, Siding Vinyl
School Information
ElementaryVan R Butler
MiddleEmerald Coast
HighSouth Walton
Listing Details
OfficeCompass
Property History
Price Reduced from $725,000 to $699,000
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.
Vendors Member Number : 28325

Listing information last updated on October 15th, 2026 at 11:52pm CDT.