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20 N Payne Street, Miramar Beach, FL 32550
Overview
Description
Supplements: ... (Read more) 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 and dining areas, multiple lounge spaces, and a dedicated game room, all thoughtfully designed to enhance the guest experience. The private backyard offers a resort-style setting with a heated pool, covered outdoor living space, and ample room for entertaining, which are key drivers for repeat bookings and premium nightly rates. Multiple balconies and gathering areas throughout the home provide both privacy and functionality for large groups, and a community sand volleyball court is currently being constructed, adding another attractive amenity for guests and enhancing overall rental appeal. Ideally located just about a one-minute golf cart ride to Miramar Beach's largest public beach access, the property offers easy access to the Gulf along with close proximity to Destin, Sandestin Resort, and Scenic Highway 30A. Guests benefit from nearby dining, shopping, and entertainment, further supporting consistent rental demand year-round. This property stands out as a high-performing, income-producing asset with future bookings already in place, professional management available, and no additional setup required, making it an exceptional opportunity for investors seeking a proven luxury vacation rental in one of the Emerald Coast's most desirable markets.
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
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 |