261 Open Gulf Street, Miramar Beach, FL 32550 (MLS# 998676)

Description

Short term rental powerhouse featuring a spacious coastal home with ocean views from every floor, direct beach access from the front door, private seasonally heated pool, and massive 22 person sleeping capacity to maximize revenue. Designer furnishings, professional photography and full inventory to convey for immediate revenue generation. Less than 300 feet from direct beach access ensures high occupancy. Includes complimentary paddleboards and kayaks for added guest appeal. Designed from the ground up to ensure easy, low cost maintenance and best possible yield. Do an Internet search on Legacy Beach Homes of Destin, Florida to view real time calendars in order to determine availability for showings.

Supplements: Seller is listing over $100 million worth of properties from their portfolio (35 large STRs in the Destin/Miramar/30A area with an average appraisal value of slightly over $3M each.). Seller is only selling 10% of the portfolio. Seller will withdraw this and/or any other remaining listings once the first $10 million (approximately) in sales have been achieved. Seller (Equisource Holdings dba Legacy Beach Homes) does not disclose property-level rental revenue data. Buyer to perform their own due diligence regarding income potential. However, the appraisal in the document section of this listing may include the appraiser's revenue projection. Seller will make all reasonable efforts to facilitate the transfer of future reservations. The Seller does not have to sell. Property has been priced based on recent appraisal and reflects the seller's minimum acceptable price. Most recent appraisal and inspections are included in the documents section of this listing.

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 598.02 List Date: 2026-03-23 Current Price: $1,690,000 List Price: $1,690,000

Location, Tax and Legal

Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort Elementary School: Van R Butler Middle School: Emerald Coast High School: South Walton Legal Description: Lot 1 Buena Vista S/D Pb 9-8 Or 1885-377 Or 2362??922 Or 2790-2802 Or 2849-4862 Or 2837-198 Or 2851-3546 Or 3214-4509

General Property Info

Sub-Type: Detached Single Family Design: Contemporary SqFt Source: Agent-Measured Immediate Occupancy: No Garage: No Carport: No Driveway Spaces: 4 Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 2826 Bedrooms: 6 Full Baths: 5 Total Bathrooms: 5 # Stories: 3 Year Built: 2003 Acreage: 0.09

Listing Info, Tax & Legal

Homestead: No Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 12351.57 Last Tax Year: 2025 Brokerage Interest: Familial Interest - Listing Broker/Licensee related to owner. As Is: Yes

Remarks & Misc

Remarks: Short term rental powerhouse featuring a spacious coastal home with ocean views from every floor, direct beach access from the front door, private seasonally heated pool, and massive 22 person sleeping capacity to maximize revenue. Designer furnishings, professional photography and full inventory to convey for immediate revenue generation. Less than 300 feet from direct beach access ensures high occupancy. Includes complimentary paddleboards and kayaks for added guest appeal. Designed from the ground up to ensure easy, low cost maintenance and best possible yield. Do an Internet search on Legacy Beach Homes of Destin, Florida to view real time calendars in order to determine availability for showings.

Construction Status

Construction Complete: 1

Waterview

Gulf: 1

Lot/Parcel Access

Paved Road: 1

Lot Features

Corner: 1 Dead End: 1 Flood Insurance Req: 1 Interior: 1 Irregular: 1 Level: 1 Within 1/2 Mile to Water: 1

Construction/Siding

Foundation Off Grade: 1 Frame: 1 Siding Vinyl: 1 Siding Wood: 1 Trim Vinyl: 1

Utilities

Electric: 1 Private Well: 1 Public Sewer: 1

Zoning

Resid Single Family: 1

Exterior

Balcony: 1 BBQ Pit/Grill: 1 Pool - Above Ground: 1 Pool - Gunite Concrt: 1 Pool - In-Ground: 1

Interior

Breakfast Bar: 1 Fireplace: 1 Furnished - All: 1 Lighting Recessed: 1 Owner's Closet: 1 Renovated: 1 Washer/Dryer Hookup: 1 Window Treatment All: 1 Woodwork Painted: 1

Financing

Conventional: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Refrigerator: 1 Refrigerator W/IceMk: 1 Smoke Detector: 1 Smooth Stovetop Rnge: 1 Washer: 1

Energy

AC - 2 or More: 1 Ceiling Fans: 1 Heat Cntrl Electric: 1 Water Heater - Elect: 1

Mstr Bdrm/Mstr Bath

MBath Separate Shwr: 1 MBed First Floor: 1 MBed Walk-in Closet: 1

Master Bedroom

First: 1 Second: 1

Bedroom

Second: 1

Kitchen

First: 1

Rooms

Bedroom: 1 Bunk Room: 1 Dining Area: 1 Family Room: 1 Kitchen: 1 Master Bedroom: 1 Sitting Room: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 15 - Miramar/Sandestin Resort Street #: 261 Street Name: Open Gulf Street Suffix: Street State: FL Zip Code: 32550 County: Walton Project Name/Subdivision: BUENA VISTA Parcel ID: 33-2S-21-42520-000-0010

Property Features

Construction Status: Construction Complete Lot Features: Corner; Dead End; Flood Insurance Req; Interior; Irregular; Level; Within 1/2 Mile to Water Zoning: Resid Single Family Waterview: Gulf Exterior: Balcony; BBQ Pit/Grill; Pool - Above Ground; Pool - Gunite Concrt; Pool - In-Ground Interior: Breakfast Bar; Fireplace; Furnished - All; Lighting Recessed; Owner's Closet; Renovated; Washer/Dryer Hookup; Window Treatment All; Woodwork Painted Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Refrigerator W/IceMk; Smoke Detector; Smooth Stovetop Rnge; Washer Utilities: Electric; Private Well; Public Sewer Energy: AC - 2 or More; Ceiling Fans; Heat Cntrl Electric; Water Heater - Elect Master Bedroom: First; Second Bedroom: Second Kitchen: First Rooms: Bedroom; Bunk Room; Dining Area; Family Room; Kitchen; Master Bedroom; Sitting Room Financing: Conventional

Room Information

Dining Area Level: First Dimensions: 13 x 10 Length: 13.00 Width: 10.00 Remarks: First floor dining area and open kitchen Dimensions: 13 x 10 Master Bedroom Level: First Dimensions: 14 x 16 Length: 14.00 Width: 16.00 Remarks: First floor master suite Dimensions: 14 x 16 Bunk Room Level: First Dimensions: 12 x 10 Length: 12.00 Width: 10.00 Remarks: Double bunk room Dimensions: 12 x 10 Bunk Room Level: First Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Remarks: Double bunk beds on first floor Dimensions: 12 x 12 Family Room Level: Second Dimensions: 18 x 17 Length: 18.00 Width: 17.00 Remarks: Spacious and open with gulf views Dimensions: 18 x 17 Bedroom Level: Second Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Remarks: Queen guest room with private bath Dimensions: 13 x 12 Master Bedroom Level: Second Dimensions: 14 x 12 Length: 14.00 Width: 12.00 Remarks: 2nd floor master #3 Dimensions: 14 x 12 Master Bedroom Level: Second Dimensions: 14 x 12 Length: 14.00 Width: 12.00 Remarks: 2nd Floor master suite with private bath Dimensions: 14 x 12 Sitting Room Level: Third Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Remarks: 3rd Floor sitting area with sleeper sofa Dimensions: 13 x 12 Kitchen Level: First Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Remarks: First floor kitchen - dining - breakfast area Dimensions: 12 x 12