NOT LISTED FOR SALE

219 Open Gulf St Miramar Beach, FL 32550

Estimated Value: $3,022,000 - $7,903,000

10 Beds
10 Baths
5,961 Sq Ft
$1,038/Sq Ft Est. Value

Last Sold June 28, 2022

Last sale price $8,150,000 $1,367 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $37,903/month

12 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Upgraded Media Wing
  • 0.4 Acre Lot
  • Van R. Butler Elementary School Rated A-
  • Heated In Ground Pool
  • Contemporary Architecture

About This Home

As of June 2022

Find unlimited potential with this amazing, gulf front Miramar Beach home that is arguably one of the finest income producing properties on the Emerald Coast with $633,178 in gross rental income in 2021 and over $600,000 gross revenue for 2022. Built in 2018, this exceptional property has 10 bedrooms, 8 full bathrooms, 2 half bathrooms, and nearly 6,000 square feet of living space with panoramic views designed to comfortably accommodate large groups. Enjoy luxuries such a gulf front swimming pool with covered spa, a state-of-the-art movie theater with recliners, a game room, an elevator, and private beach access in a coveted location convenient to all that Miramar Beach and Destin have to offer. Seven king sized master suites along with bunk rooms on each level with full sized beds offer options for guests of all types. The gourmet kitchen stuns with marble counters and backsplash, custom cabinetry, professional grade Wolf and Sub-Zero appliances, and a sizable pantry. The second level living and dining area sets the stage for seamless entertaining with ample dining space, a gorgeous gas fireplace, a separate wet bar, and a balcony overlooking the gulf with gas grill. All interiors were thoughtfully selected to reflect a modern coastal style with fine finishes including wood look tile, designer lighting, intricately tiled bathrooms, trayed ceilings, custom millwork, and much more. SIX covered balconies provide outdoor living space with three spacious, gulf side porches that stretch to the full width of the home. Two one-car garages and a large driveway easily accommodate up to eight vehicles. A must see, this immaculate property presents a one-of-a-kind opportunity for discerning buyers! A central location makes it easy to explore Scenic Highway 30A, the Sandestin Golf & Beach Resort, Miramar Beach, and Destin. Groceries, dining, and activities are all just minutes away!

Last Agent to Sell the Property

Brad Dahler

Berkshire Hathaway HomeServices Listed on: 03/09/2022

Berkshire Hathaway HomeServices

Last Buyer's Agent

Christopher Harper

Realjoy Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,578

Year Built

  • Built in 2018

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 48.70 x 353
  • Property fronts gulf or ocean
  • Property fronts a county road
  • Street terminates at a dead end
  • Back Yard Fenced
  • Level Lot
  • Sprinkler System
  • Cleared Lot
  • Lawn Pump

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Off Grade Structure
  • Frame Construction
  • Slate Roof
  • Piling Construction
  • Stucco
  • Slate

Interior Spaces

  • 5,961 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Furnished
  • Vaulted Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Great Room
  • Dining Room
  • Upgraded Media Wing
  • Hobby Room
  • Tile Flooring
  • Gulf Views

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Built-In Bunk Beds
  • Split Bedroom Floorplan
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

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

Outdoor Features

  • Balcony
  • Covered Deck
  • Open Patio
  • Outdoor Kitchen
  • Built-In Barbecue
  • Porch

Schools

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

Utilities

  • High Efficiency Air Conditioning
  • Multiple cooling system units
  • Central Air
  • Two Heating Systems
  • Propane
  • Water Tap Fee Is Paid
  • Multiple Water Heaters

Community Details

  • Richards A E Unrec Subdivision
  • Building Fire Alarm

Listing and Financial Details

  • Assessor Parcel Number 33-2S-21-42180-003-0020

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,578

Year Built

Built in 2018

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.4
  • Lot Size: 48.70 x 353
  • 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, second home on the left.
  • Architectural Style: Contemporary
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2018
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Waterview:Gulf2: Yes
  • Rooms:Dining Room: Yes
  • Waterfront:Gulf: Yes
  • Utilities:Tap Fee Paid: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:AC - High Efficiency: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Natural: Yes
  • Utilities:Gas - Propane: Yes
  • Rooms:Great Room: Yes
  • Energy:Heat - Two or More: Yes
  • Energy:Water Heater - Two: Yes
  • Rooms:Hobby Room: Yes
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Freezer, Microwave, Oven Self Cleaning, Refrigerator, Smoke Detector, Stove/Oven Gas, Washer
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Total Bedrooms: 10
  • Interior Amenities: Breakfast Bar, Ceiling Raised, Elevator, Fireplace, Fireplace Gas, Floor Tile, Furnished - All, Hallway Bunk Beds, Kitchen Island, Lighting Recessed, Owner's Closet, Pantry, Split Bedroom, Upgraded Media Wing, Wet Bar
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: 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
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Appliances:Freezer: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Fireplace Gas: Yes
  • Interior:Wet Bar: Yes
  • Interior:Fireplace: Yes
  • Interior:Hallway Bunk Beds: Yes

Exterior Features

  • Lot Features: Cleared, Dead End, Level
  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Foundation Off Grade, Foundation On Piling, Frame, Roof Tile/Slate, Stucco
  • Exterior Features: Balcony, BBQ Pit/Grill, Deck Covered, Deck Enclosed, Fenced Back Yard, Fenced Lot-All, Fenced Lot-Part, Hot Tub, Lawn Pump, Patio Open, Pool - Gunite Concrt, Pool - Heated, Pool - In-Ground, Porch, Porch Open, Shower, Sprinkler System, Summer Kitchen
  • Property Condition: Construction Complete
  • Lot Features:Level: Yes
  • Construction Status:Construction Complete: Yes
  • Exterior:Fenced Lot-Part: Yes
  • Exterior:Porch: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Exterior:Deck Covered: Yes
  • Lot Features:Cleared: Yes
  • Exterior:Patio Open: Yes
  • ConstructionSiding:Foundation On Piling: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Porch Open: Yes
  • Exterior:Pool - Heated: Yes
  • Lot Features:Dead End: Yes
  • Exterior:Lawn Pump: Yes
  • Exterior:Shower: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Fenced Back Yard: Yes
  • Exterior:Hot Tub: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:BBQ PitGrill: Yes
  • ConstructionSiding:Roof TileSlate: 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

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage
  • General Property Info:Garage2: Yes
  • Parking Features:Garage3: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Electric, Gas - Natural, Gas - Propane, Public Sewer, Public Water, Tap Fee Paid

Schools

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

Lot Info

  • Lot Size Sq Ft: 17424.0
  • Parcel #: 33-2S-21-42180-003-0020
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 39578.1
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2021
Closed on
Jan 22, 2021
Sold by
Wilson Real Estate Investments 2 Llc
Bought by
Templeton Development Llc
Seller's Agent
Patrick Geiger
Scenic Sotheby's International Realty
Buyer's Agent
Brad Dahler
Scenic Sotheby's International Realty
List Price
$5,900,000
Sold Price
$5,900,000
Current Estimated Value
$6,184,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,924
Avg. Annual Appreciation
1.00%

Purchase Details

Listed on
Feb 13, 2018
Closed on
Mar 8, 2018
Sold by
Beachfront Bliss Llc
Bought by
Wilson Real Estate Investments 2 Llc
Seller's Agent
Joiner Group
Scenic Sotheby's International Realty
Buyer's Agent
Patrick Geiger
Scenic Sotheby's International Realty
List Price
$5,050,000
Sold Price
$5,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%
Original Mortgage
$4,040,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 16, 2014
Closed on
Jul 18, 2014
Sold by
Spence Family Limited Partnership
Bought by
Beachfront Bliss Llc
Seller's Agent
Suzy Spence
Sea Dunes Realty
Buyer's Agent
Casey Joiner
Scenic Sotheby's International Realty
List Price
$1,199,900
Sold Price
$1,199,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.41%

Purchase Details

Closed on
Aug 22, 2002
Sold by
Spence Suzy M
Bought by
Spence Family Ltd Partnership

Purchase Details

Closed on
Nov 28, 2001
Sold by
Bank Of America Na
Bought by
Seahorse Enterprises Of Nw Florida Lc
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
Templeton Development Llc $5,900,000 Attorney
Wilson Real Estate Investments 2 Llc $5,050,000 Aqua Title Services
Beachfront Bliss Llc $1,199,900 Attorney
Spence Family Ltd Partnership -- --
Seahorse Enterprises Of Nw Florida Lc $725,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson Real Estate Investments 2 Llc $4,040,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/04/2022 10/04/22 Off Market $8,150,000 -- --
06/28/2022 06/28/22 Sold $8,150,000 0.0% $1,367 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/09/2022 03/09/22 For Sale $8,150,000 +38.1% $1,367 / Sq Ft
01/22/2021 01/22/21 Sold $5,900,000 0.0% $991 / Sq Ft View Prior Sale
01/06/2021 01/06/21 Pending -- -- --
01/02/2021 01/02/21 For Sale $5,900,000 +16.8% $991 / Sq Ft
03/09/2018 03/09/18 Sold $5,050,000 0.0% $848 / Sq Ft View Prior Sale
02/13/2018 02/13/18 Pending -- -- --
02/13/2018 02/13/18 For Sale $5,050,000 +320.9% $848 / Sq Ft
07/18/2014 07/18/14 Sold $1,199,900 0.0% -- View Prior Sale
06/16/2014 06/16/14 For Sale $1,199,900 -- --
06/06/2014 06/06/14 Pending -- -- --
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 $61,339 $6,750,617 $1,911,990 $4,838,627
2023 $61,339 $6,750,617 $1,911,990 $4,838,627
2022 $50,068 $5,402,619 $2,256,921 $3,145,698
2021 $39,578 $4,383,290 $1,505,990 $2,877,300
2020 $34,494 $3,455,432 $1,365,811 $2,089,621
2019 $33,181 $3,341,171 $1,313,280 $2,027,891
2018 $11,239 $1,127,156 $0 $0
2017 $10,704 $1,094,326 $1,094,326 $0
2016 $9,865 $1,002,382 $0 $0
2015 $8,945 $880,000 $0 $0
2014 -- $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: 892832

Emerald Coast Association of REALTORS®

APN: 33-2S-21-42180-003-0020