20 N Payne Street, Miramar Beach, FL 32550 (MLS# 1007479)

20 N Payne Street, Miramar Beach, FL 32550

$1,810,000
Property Type: Residential Bedrooms: 7 Baths: 8 Square Footage: 3,130 Lot Size (sq. ft.): 3,920 Status: Active
Current Price: $1,810,000 List Date: 7/12/2026 Last Modified: 7/12/2026

Overview

Description

The current property management company is offering a $170,000 rental income guarantee for 2027, providing a compelling opportunity for investors seeking both immediate cash flow and downside protection. Welcome to 16 Blue Ohana Court in Miramar Beach, a fully furnished and turnkey 7-bedroom, 7.5-bath luxury vacation rental designed for strong short-term rental performance and immediate income generation. This spacious three-story home comfortably sleeps up to 22 guests and is being sold completely rental-ready, including a brand-new 6-seat street-legal golf cart, allowing for a seamless transition for any investor. The property already has over $130,000 in bookings secured for 2026 and is projected to finish the year at approximately $170,000 in rental income despite a delayed start

Supplements: in late February, with projected revenue for 2027 estimated between $190,000 and $210,000. The home is purpose-built to maximize occupancy and revenue, featuring five king suites with private bathrooms and two high-capacity bunk rooms designed for large groups. The open-concept layout includes a chef's kitchen with a gas range, expansive living an ...

Listing Details MLS# 1007479

Contract Info

List Price/SqFt
578.27
Listing Board
Emerald Coast

Location Tax and Legal

Area
15 - Miramar/Sandestin Resort
Street #
20
Street Direction
N
Street Name
Payne
Street Suffix
Street
State
FL
Zip Code
32550
County
Walton
Project Name/Subdivision
Blue Ohana
Parcel ID
30-2S-21-42990-000-0020

General Property Info

Sub-Type
Detached Single Family
Design
Beach House
Apx SqFt(Htd/Cooled)
3130
SqFt Source
Appraiser
Full Baths
7
Half Baths
Yes
Total Bathrooms
8
# Stories
3
Year Built
2025
Immediate Occupancy
Yes
Garage
No
Carport
No
Driveway Spaces
5
Acreage
0.09
Pool
Yes
Pool Type
Private

Lot Features

Coastal Barrier Zone
Yes

More Information

Property Features

Construction Status: Construction Complete Lot Features: Corner; Covenants; Curb & Gutter; Sidewalk; Within 1/2 Mile to Water Zoning: Resid Single Family Project Facilities: Short Term Rental - Allowed Exterior: Balcony; Fenced Back Yard; Fenced Privacy; Patio Covered; Pool - Gunite Concrt; Pool - Heated; Pool - In-Ground; Sprinkler System Interior: Breakfast Bar; Ceiling Crwn Molding; Floor Tile; Floor Vinyl; Furnished - All; Kitchen Island; Lighting Recessed; Newly Painted; Owner's Closet; Walls Paneled; Washer/Dryer Hookup; Wet Bar; Woodwork Painted Appliances: Dishwasher; Dryer; Ice Machine; Microwave; Range Hood; Refrigerator; Refrigerator W/IceMk; Stove/Oven Electric; Washer Utilities: Electric; Public Sewer; Public Water Energy: AC - 2 or More; AC - Central Elect; Heat Cntrl Electric; Water Heater - Tnkls Bedroom: First; Second Kitchen: First Full Bathroom: First Half Bathroom: First Rooms: Bedroom; Bunk Room; Dining Area; Full Bathroom; Great Room; Half Bathroom; Kitchen Financing: Conventional Fees Include: Ground Keeping; Management

Room Information

Room Name Level Dimensions Length Width
Bedroom First 11 x 113 11.00 113.00
Great Room First 158 x 161 158.00 161.00
Dining Area First 14 x 610 14.00 610.00
Kitchen First 104 x 155 104.00 155.00
Full Bathroom First 8 x 5 8.00 5.00
Half Bathroom First 58 x 56 58.00 56.00
Bedroom Second 118 x 128 118.00 128.00
Bedroom Second 118 x 128 118.00 128.00
Bunk Room Second 118 x 11 118.00 11.00
Listing Office: Beach House Sales and Development
Last Updated: July - 12 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.