NOT LISTED FOR SALE

209 Open Gulf St Miramar Beach, FL 32550

Estimated Value: $3,074,000 - $8,512,000

10 Beds
12 Baths
7,176 Sq Ft
$882/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $7,250,000 $1,010 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $39,224/month

169 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Home Theater
  • Van R. Butler Elementary School Rated A-
  • Deeded access to the beach
  • Heated In Ground Pool

About This Home

As of June 2021

JUST COMPLETED! 'Beachfront Oasis' on Open Gulf Street in Miramar Beach is well-suited to become the Emerald Coast's new favorite vacation rental. Projected to generate $600,000++ in annual rental income. No detail has been spared in the creation of this 10 bedroom, 10 bath retreat.Each floor of this well-planned 7,176 square foot home includes two bunkrooms with two queen-sized bunks, a generous closet and its own bath with double vanity and private water closet. The remaining sleeping quarters in the home are king suites with adjoining baths showcasing double vanities and custom tile. Wide hallways and 12' ceilings on the first and second floors lend the home additional spaciousness. The first floor is an ode to entertaining with a game room facing the Gulf, including pool table, theater and wet bar overlooking the lanai. Steps away, the pool and jacuzzi are each set up on their own heaters. A private beach walkover will take you to the sugar-white sands of the Gulf.

The kitchen, located on the second floor, features Wolf appliances and a walk-in pantry as well as a private owner's pantry. It sits amid an open living area and additional wet bar and leads onto a 628 square foot covered balcony with outdoor kitchen. The Gulf-front master suites on the third floor feature vaulted ceilings, and the 628 square foot third-floor balcony is accessible to anyone in the home without having to pass through private bedrooms. Additional details of the home include a laundry room on the first floor and an oversized laundry on the third floor, an elevator and Andersen doors and windows and light wood-like porcelain tile throughout.

209 Open Gulf Street is conveniently located between Destin and Scenic Highway 30A, near the Silver Sands Premium Outlets and myriad dining and entertainment opportunities.

Last Agent to Sell the Property

Patrick Geiger

Scenic Sotheby's International Realty License #3115020 Listed on: 12/21/2020

Scenic Sotheby's International Realty

Last Buyer's Agent

Lona Thrasher

Keller Williams Realty FWB License #3485846

Keller Williams Realty FWB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,301

Year Built

  • Built in 2021

Lot Details

  • Lot Dimensions are 49x370x50x385
  • Property fronts gulf or ocean
  • Property fronts a county road
  • Coastal Barrier Zone
  • Back Yard Fenced
  • Sprinkler System
  • Lawn Pump

Parking

  • 4 Car Garage

Home Design

  • Contemporary Architecture
  • Newly Painted Property
  • Off Grade Structure
  • Frame Construction
  • Metal Roof
  • Wood Trim
  • Piling Construction
  • Cement Board or Planked
  • Stucco

Interior Spaces

  • 7,176 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Furnished
  • Home Theater Equipment
  • Shelving
  • Wainscoting
  • Coffered Ceiling
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Family Room
  • Living Room
  • Dining Room
  • Home Theater
  • Tile Flooring
  • Gulf Views
  • Fire and Smoke Detector
  • Washer

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Cooktop with Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Split Bedroom Floorplan
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only
  • Primary Bathroom includes a Walk-In Shower

Pool

  • Heated In Ground Pool
  • Spa
  • Gunite Pool
  • Outdoor Shower

Outdoor Features

  • Deeded access to the beach
  • Balcony
  • Covered Deck
  • Covered Patio or Porch
  • Outdoor Kitchen

Schools

  • Van R Butler Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • High Efficiency Heating System
  • Water Tap Fee Is Paid
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 33-2S-21-42180-003-0010

Community Details

Overview

  • Richards A E Unrec Subdivision

Recreation

  • Beach
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,301

Year Built

Built in 2021

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 49X370X50X385
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: RICHARDS A E UNREC
  • Directions: Hwy 98 to Outlet malls, turn south onto Scenic Hwy 98, first left, follow to end, take a right, first home (Under Construction).
  • Architectural Style: Contemporary
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2021
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Energy:Heat High Efficiency: Yes
  • Rooms:Dining Room: Yes
  • Waterfront:Gulf: Yes
  • Utilities:Tap Fee Paid: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:AC - 2 or More: Yes
  • Energy:Water Heater - Tnkls: Yes
  • Utilities:Gas - Natural: Yes
  • Rooms:Family Room: Yes
  • Rooms:Home Theater: Yes
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Freezer, Ice Machine, Microwave, Oven Self Cleaning, Range Hood, Refrigerator, Smoke Detector, Stove/Oven Gas, Washer, Wine Refrigerator
  • Full Bathrooms: 10
  • Half Bathrooms: 2
  • Total Bedrooms: 10
  • Interior Amenities: Breakfast Bar, Ceiling Raised, Ceiling Tray/Cofferd, Ceiling Vaulted, Elevator, Floor Tile, Furnished - All, Kitchen Island, Lighting Recessed, Newly Painted, Owner's Closet, Pantry, Shelving, Split Bedroom, Walls Wainscoting, Washer/Dryer Hookup, Window Treatment All
  • Interior:WasherDryer Hookup: Yes
  • Appliances:Cooktop: Yes
  • Mstr BdrmMstr Bath:MBath Shower Only: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Elevator: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Interior:Split Bedroom: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Appliances:Freezer: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Ceiling Vaulted: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Newly Painted: Yes
  • Interior:Ceiling TrayCofferd: Yes
  • Appliances:Wine Refrigerator: Yes
  • Interior:Shelving: Yes
  • Interior:Walls Wainscoting: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Foundation Off Grade, Foundation On Piling, Frame, Roof Metal, Siding CmntFbrHrdBrd, Stucco, Trim Wood
  • Exterior Features: Balcony, Deck Covered, Deck Enclosed, Fenced Back Yard, Fenced Lot-All, Fenced Privacy, Hot Tub, Lawn Pump, Patio Covered, Pool - Gunite Concrt, Pool - Heated, Pool - In-Ground, Porch, Shower, Sprinkler System, Summer Kitchen
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Porch: Yes
  • ConstructionSiding:Roof Metal: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Exterior:Deck Covered: Yes
  • ConstructionSiding:Foundation On Piling: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Patio Covered: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Lawn Pump: Yes
  • Exterior:Shower: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Fenced Back Yard: Yes
  • Exterior:Fenced Privacy: Yes
  • Exterior:Hot Tub: Yes
  • Exterior:Pool - In-Ground: Yes
  • ConstructionSiding:Trim Wood: Yes
  • ConstructionSiding:Foundation Off Grade: Yes
  • Exterior:Fenced Lot-All: Yes
  • Exterior:Deck Enclosed: Yes
  • Exterior:Pool - Gunite Concrt: Yes
  • Exterior:Summer Kitchen: Yes

Garage/Parking

  • Garage Spaces: 4.0
  • General Property Info:Garage2: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water, Tap Fee Paid, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, Fishing, Pets Allowed, Waterfront

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Parcel #: 33-2S-21-42180-003-0010
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres
  • Lot Features Coastal Barrier Zone: Yes

Tax Info

  • Tax Annual Amount: 14300.64
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2020
Closed on
Jun 25, 2021
Sold by
Open Gulf Lot 1 Llc
Bought by
Open Gulf Property Llc
Seller's Agent
Patrick Geiger
Scenic Sotheby's International Realty
Buyer's Agent
Lona Thrasher
Keller Williams Realty FWB
List Price
$7,250,000
Sold Price
$7,250,000
Current Estimated Value
$6,329,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$920,084
Avg. Annual Appreciation
-3.11%

Purchase Details

Closed on
Nov 5, 2018
Sold by
Overton Thomas C and Overton Julia F
Bought by
Open Gulf Lot 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
4.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 9, 2001
Sold by
Candido Robert L and Candido Jean M
Bought by
Overton Thomas C and Overton Julia F
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Open Gulf Property Llc $7,250,000 Ketchersid Land & Title Llc
Open Gulf Lot 1 Llc $2,605,000 Aqua Title Services
Overton Thomas C $590,000 Security First Title Partner
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Open Gulf Lot 1 Llc $1,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2021 06/25/21 Sold $7,250,000 0.0% $1,010 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
12/21/2020 12/21/20 For Sale $7,250,000 -- $1,010 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $67,982 $7,596,454 $1,995,120 $5,601,334
2023 $67,982 $7,380,707 $0 $0
2022 $62,182 $6,709,734 $2,437,475 $4,272,259
2021 $15,211 $1,571,468 $1,571,468 $0
2020 $14,950 $1,497,600 $1,497,600 $0
2019 $14,301 $1,440,000 $1,440,000 $0
2018 $9,401 $1,127,156 $0 $0
2017 $8,873 $1,094,326 $1,094,326 $0
2016 $8,200 $1,002,382 $0 $0
2015 $7,431 $880,000 $0 $0
2014 $5,477 $546,296 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 861275

Emerald Coast Association of REALTORS®

APN: 33-2S-21-42180-003-0010