NOT LISTED FOR SALE

261 Sandtrap Rd Unit 3E Miramar Beach, FL 32550

Estimated Value: $1,297,000 - $1,584,803

4 Beds
3 Baths
2,460 Sq Ft
$1,075/ mo HOA Fee

Last Sold February 17, 2023

Last sale price $1,550,000 $630 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $9,806/month

29 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Balcony
  • Van R. Butler Elementary School Rated A-
  • Elevator
  • 1 Car Attached Garage

About This Home

As of February 2023

Quality craftsmanship in this beautifully updated gulf front 2 story penthouse condo in the highly desired Sandspur Condominium Complex. Enjoy your own private beach with no crowds! This unit is sure to please with a fabulous kitchen and wet bar for entertaining. Three bedrooms on the main level one currently being used as an office space. Master bedroom is on the second level with ample privacy and a huge patio perfect for coffee in the morning or cocktails in the evening. This unit is truly a gem, a quiet private beach, fully updated with top of the line finishes a garage space, penthouse gulf front condo. Nothing else like it on the market, schedule your showing today as this unit is sure not to last.

Last Agent to Sell the Property

Michael Steele

Robert Slack LLC License #3471932 Listed on: 12/21/2022

Robert Slack LLC

Co-Listed By

Rikki Steele

Robert Slack LLC

Last Buyer's Agent

Brian Burgett

Dream Destin Realty PLLC License #3487475

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1986

Lot Details

  • 697

HOA Fees

  • $1,075 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Deeded Parking

Home Design

  • Concrete Siding
  • Stucco

Interior Spaces

  • 2,460 Sq Ft Home
  • 4-Story Property
  • Living Room
  • Gulf Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Schools

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

Utilities

  • High Efficiency Air Conditioning
  • Central Air

Additional Features

  • Balcony
  • Property fronts gulf or ocean

Listing and Financial Details

  • No Rentals Allowed
  • Assessor Parcel Number 34-2S-21-42230-000-003E

Community Details

Overview

  • 9 Buildings
  • 9 Units
  • Sandspur Condo Subdivision

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Beach

Property Details

Home Type

Condominium

Year Built

Built in 1986

Lot Details

697 Sq Ft Lot

HOA Fees

$1,075 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: ERSL
  • Co List Office Phone: 352-363-6982
  • Subdivision Name: SANDSPUR CONDO
  • Directions: Hwy 98 west towards Destin, sandtrap rd on left, take sandtrap to the end, take right condo complex on the left.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1986
  • Remarks Misc:Remarks: Quality craftsmanship in this beautifully updated gulf front 2 story penthouse condo in the highly desired Sandspur Condominium Complex. Enjoy your own private beach with no crowds! This unit is sure to please with a fabulous kitchen and wet bar for entertaining. Three bedrooms on the main level one currently being used as an office space. Master bedroom is on the second level with ample privacy and a huge patio perfect for coffee in the morning or cocktails in the evening. This unit is truly a gem, a quiet private beach, fully updated with top of the line finishes a garage space, penthouse gulf front condo. Nothing else like it on the market, schedule your showing today as this unit is sure not to last.
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Energy:AC - Central Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Energy:AC - High Efficiency: Yes
  • Special Features: None

Interior Features

  • Number Of Buildings: 9
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Stories: 4

Exterior Features

  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Concrete, Stucco
  • Exterior Features: Balcony
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Deeded
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes
  • Parking Features:Deeded: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Public Sewer, Public Water

Condo/Co-op/Association

  • Community Features: Beach, Elevators, No Rental, Separate Storage
  • Association #2 Fee: 1075.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 34-2S-21-42230-000-003E
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2022
Closed on
Feb 16, 2023
Sold by
Beauregard Designs Llc
Bought by
Frey Steven Alan and Frey Trisha E
Seller's Agent
Michael Steele
Robert Slack LLC
Buyer's Agent
Brian Burgett
Dream Destin Realty PLLC
List Price
$1,650,000
Sold Price
$1,550,000
Premium/Discount to List
-$100,000
-6.06%
Views
11
Current Estimated Value
$1,463,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$86,049
Avg. Annual Appreciation
-1.83%
Original Mortgage
$1,240,000
Outstanding Balance
$1,084,465
Interest Rate
5.73%
Mortgage Type
New Conventional
Estimated Equity
$379,486

Purchase Details

Closed on
Apr 9, 2019
Sold by
Malone Farrell J and Malone Martha P
Bought by
Beauregard Designs Llc

Purchase Details

Closed on
Mar 8, 2008
Sold by
Harp Richard J and Harp Patricia K
Bought by
Malone Farrell J and Malone Martha P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.94%
Mortgage Type
Unknown
Source: Public Records
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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
Frey Steven Alan $1,550,000 Emerald Coast Title
Beauregard Designs Llc $975,000 Mcgill Escrow3 & Title
Malone Farrell J $940,000 Sterling Title & Escrow Serv
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frey Steven Alan $1,240,000
Previous Owner Malone Farrell J $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2023 07/14/23 Off Market $1,550,000 -- --
02/17/2023 02/17/23 Sold $1,550,000 -6.1% $630 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
12/21/2022 12/21/22 For Sale $1,650,000 -- $671 / Sq Ft
Source: Emerald Coast Association of REALTORS®

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
2025 $10,911 $1,207,553 -- $1,207,553
2024 $8,912 $1,207,553 -- $1,207,553
2023 $8,912 $781,357 $0 $0
2022 $6,583 $710,325 $0 $710,325
2021 $6,548 $676,500 $0 $676,500
2020 $6,753 $676,500 $0 $676,500
2019 $5,594 $563,315 $0 $563,315
2018 $5,378 $552,270 $0 $0
2017 $4,740 $478,224 $0 $478,224
2016 $4,557 $455,444 $0 $0
2015 $4,630 $455,444 $0 $0
2014 $4,472 $433,747 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Michael Steele

    Robert Slack LLC

    (850) 585-2795

    6 in this area

    13 Total Sales

    Michael Steele
    Section Image

  • R

    Seller Co-Listing Agent in 2023

    Rikki Steele

    Robert Slack LLC

  • Brian Burgett

    Buyer's Agent in 2023

    Brian Burgett

    Dream Destin Realty PLLC

    (515) 473-0962

    12 in this area

    65 Total Sales

    Brian Burgett
    Section Image
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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 913758

Emerald Coast Association of REALTORS®

APN: 34-2S-21-42230-000-003E

Florida Walton County Miramar Beach 32550

261 Sandtrap Rd Unit 3E, Miramar Beach, FL

Not Listed for Sale

Condos

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