5002 S Sandestin Boulevard 6431, Miramar Beach, FL 32550

New Listing
$569,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,204 Status: Active
Current Price: $569,000 List Date: 6/02/2026 Last Modified: 6/03/2026

Description

MAXIMUM RENTAL FLEXIBILITY ON THE EMERALD COAST! This beautifully elevated 4th-floor, southeast corner 2BR/2BA lock-off condo offers sweeping, unobstructed views of the Gulf of Mexico and the gorgeous coastline. Engineered perfectly for investors, the unique lock-off configuration maximizes rental income by allowing you to rent the property in three distinct formats: as a spacious 2BR/2BA suite, as a private 1BR/1BA retreat, OR as a separate, independent studio with its own private balcony. Located in Luau--Sandestin's premier resort oasis--guests will enjoy world-class amenities including a heated lagoon pool with a swim-under waterfall, walk-under grotto passageway, heated spa, first-floor fitness center, and an outdoor grilling patio. Just steps from the sugar-white sand beaches, this turnkey property is the ultimate addition to your investment portfolio or a perfect personal beach getaway!

More Information MLS# 1004479

General Property Info

userdefined76: 0 Sub-Type: Condominium Design: N/A SqFt Source: County PA Records Stories In Unit: 1 # of Units in Bldg: 240 Stories in Building: 12 Unit Floors Above Ground: 4 Immediate Occupancy: No Garage: Yes Carport: Yes Pool: Yes Pool Type: Community Apx SqFt(Htd/Cooled): 1204 Bedrooms: 2 Full Baths: 2 Total Bathrooms: 2 Year Built: 2006

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 472.59 List Date: 2026-05-30 Current Price: $569,000 List Price: $569,000

Location, Tax and Legal

Unit #: 6431 Sub Area: 1503 - Sandestin Resort Elementary School: Van R Butler Middle School: Emerald Coast High School: South Walton Legal Description: UNIT 6431/6433 LUAU CONDO PH II OR 2721-1832 OR 2722-3153 OR 2885-1574 OR 2892-3634 OR 2892-3635 OR 3094-269

Listing Info, Tax & Legal

Homestead: No Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 1294.86 Annual Assessment Amount: 15538.32 Assessment Paid: Monthly New Buyer Fee: Yes New Buyer Fee Amt: 0.5 New Buyer Fee Paid: % Last Taxes: 4226.48 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: MAXIMUM RENTAL FLEXIBILITY ON THE EMERALD COAST! This beautifully elevated 4th-floor, southeast corner 2BR/2BA lock-off condo offers sweeping, unobstructed views of the Gulf of Mexico and the gorgeous coastline. Engineered perfectly for investors, the unique lock-off configuration maximizes rental income by allowing you to rent the property in three distinct formats: as a spacious 2BR/2BA suite, as a private 1BR/1BA retreat, OR as a separate, independent studio with its own private balcony. Located in Luau--Sandestin's premier resort oasis--guests will enjoy world-class amenities including a heated lagoon pool with a swim-under waterfall, walk-under grotto passageway, heated spa, first-floor fitness center, and an outdoor grilling patio. Just steps from the sugar-white sand beaches, this turnkey property is the ultimate addition to your investment portfolio or a perfect personal beach getaway!

Construction Status

Under Construction: 1

Parking Features

Covered: 1 Garage: 1 Golf Cart Covered: 1

Waterview

Bay: 1 Gulf: 1 Lake: 1

Project Facilities

BBQ Pit/Grill: 1 Beach: 1 Community Room: 1 Dumpster: 1 Elevators: 1 Exercise Room: 1 Fishing: 1 Gated Community: 1 Golf: 1 Laundry: 1 Marina: 1 Pickle Ball: 1 Picnic Area: 1 Playground: 1 Pool: 1 Separate Storage: 1 Short Term Rental - Allowed: 1 Tennis: 1 TV Cable: 1 Waterfront: 1 Whirlpool: 1

Construction/Siding

Concrete: 1 Roof Metal: 1 Stucco: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1 TV Cable: 1

Exterior

Balcony: 1 BBQ Pit/Grill: 1 Pool - Heated: 1

Interior

Breakfast Bar: 1 Elevator: 1 Floor Tile: 1 Floor Vinyl: 1 Furnished - All: 1 Lighting Recessed: 1 Lock Out: 1 Owner's Closet: 1 Washer/Dryer Hookup: 1 Window Treatment All: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Fire Alarm/Sprinkler: 1 Microwave: 1 Oven Self Cleaning: 1 Refrigerator W/IceMk: 1 Smoke Detector: 1 Stove/Oven Electric: 1 Washer: 1

Energy

AC - 2 or More: 1 AC - Central Elect: 1

Mstr Bdrm/Mstr Bath

MBath Separate Shwr: 1 MBath Tile: 1

Master Bedroom

First: 1

Living Room

First: 1

Rooms

Living Room: 1 Master Bathroom: 1 Master Bedroom: 1 Studio: 1

Fees Include

Accounting: 1 Ground Keeping: 1 Insurance: 1 Internet Service: 1 Legal: 1 Licenses/Permits: 1 Management: 1 Master Association: 1 Recreational Faclty: 1 Repairs/Maintenance: 1 Security: 1 Sewer: 1 Trash: 1 TV Cable: 1 Water: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 15 - Miramar/Sandestin Resort Street #: 5002 Street Direction: S Street Name: Sandestin Street Suffix: Boulevard State: FL Zip Code: 32550 County: Walton Project Name/Subdivision: LUAU II Parcel ID: 35-2S-21-42600-000-6431

Property Features

Construction Status: Under Construction Waterview: Bay; Gulf; Lake Parking Features: Covered; Garage; Golf Cart Covered Project Facilities: BBQ Pit/Grill; Beach; Community Room; Dumpster; Elevators; Exercise Room; Fishing; Gated Community; Golf; Laundry; Marina; Pickle Ball; Picnic Area; Playground; Pool; Separate Storage; Short Term Rental - Allowed; Tennis; TV Cable; Waterfront; Whirlpool Exterior: Balcony; BBQ Pit/Grill; Pool - Heated Interior: Breakfast Bar; Elevator; Floor Tile; Floor Vinyl; Furnished - All; Lighting Recessed; Lock Out; Owner's Closet; Washer/Dryer Hookup; Window Treatment All Appliances: Dishwasher; Disposal; Dryer; Fire Alarm/Sprinkler; Microwave; Oven Self Cleaning; Refrigerator W/IceMk; Smoke Detector; Stove/Oven Electric; Washer Utilities: Electric; Public Sewer; Public Water; TV Cable Energy: AC - 2 or More; AC - Central Elect Master Bedroom: First Living Room: First Rooms: Living Room; Master Bathroom; Master Bedroom; Studio Fees Include: Accounting; Ground Keeping; Insurance; Internet Service; Legal; Licenses/Permits; Management; Master Association; Recreational Faclty; Repairs/Maintenance; Security; Trash; TV Cable; Water

Room Information

Living Room Level: First Dimensions: 14 x 14 Length: 14.00 Width: 14.00 Dimensions: 14 x 14 Master Bedroom Level: First Dimensions: 14 x 13 Length: 14.00 Width: 13.00 Dimensions: 14 x 13 Master Bathroom Level: First Dimensions: 12 x 7 Length: 12.00 Width: 7.00 Dimensions: 12 x 7 Studio Level: First Dimensions: 43 x 13 Length: 43.00 Width: 13.00 Dimensions: 43 x 13

Documents

Listing Office: The Agency Northwest Florida Beaches
Last Updated: June - 03 - 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.