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$699,000

501 Magnolia Pl

Miramar Beach, FL
Active
4
Bedrooms
3
Bathrooms
1,640
Square Feet
1976
Year Built
145
Days On Market

Introducing a rare opportunity to own a high-performing coastal retreat within the gates of Sandestin Golf & Beach Resort-where elevated design, resort lifestyle, and proven short-term rental potential align. Located in the highly sought-after Magnolia Village, this 4 bedroom unit is ideally positioned to capture strong vacation rental demand thanks to its spacious layout, prime resort access, and proximity to the Gulf of America. Designed to comfortably accommodate larger groups-a key driver of rental revenue-the home features multiple guest suites, an open-concept living area, and seamless indoor-outdoor flow that today's travelers prioritize. The interiors are bright and inviting, with a well-appointed kitchen, generous gathering spaces, and thoughtfully designed sleeping arrangements that maximize occupancy and guest satisfaction. Outdoors, a private patio overlooking the Links Golf Course provides a serene, resort-style setting that enhances guest experience and repeat bookings. What sets this property apart is its turnkey investment readiness. Offered fully equipped for short-term rentals including a golf cart, it allows for immediate income generation with minimal downtime. Sandestin's established reputation as a premier destination--combined with walkable and golf cart access to the beach, Baytowne Wharf, marina, Jolee Island, Grand Boulevard Shopping Center, Silver Sands Factroy Outlets, dining, entertainment, and minutes to 30a--ensures year-round rental appeal and diversified seasonal income streams. With limited inventory of true 4-bedroom offerings in this price segment, the property benefits from a competitive advantage in both nightly rates and occupancy. The combination of location, size, and resort amenities positions it as a compelling asset for investors seeking both lifestyle enjoyment and consistent revenue performance. Whether you're expanding a rental portfolio or securing a second home that works for you while you're away, this is a strategic acquisition in one of the Emerald Coast's most established and resilient vacation markets.

Listing Information

Listing Updated
3 days ago
Listed By
Crystal L Watkins · Compass
MLS#
1002984
Source
Emerald Coast Association of REALTORS
Status
Active

Open Houses

  • Tuesday, October 6
     TOUR SANDESTIN | OPEN HOUSE PALOOZA Tuesday, October 6 | 3–6 PM One afternoon. Multiple homes. One incredible opportunity to experience Sandestin real estate. Join us for a special community-wide open house event featuring a collection of properties throughout Sandestin Golf and Beach Resort. Tour at your own pace, discover different neighborhoods and lifestyles, meet local real estate professionals and event partners, and see what makes living and owning in Sandestin so special.
    3:00 PM – 6:00 PM

Facts & Features

Location

Community Information

Address
501 Magnolia Pl #501, Miramar Beach, FL 32550
City
Miramar Beach
County
Walton
Neighborhood
MAGNOLIA VILLAGE CONDO
Zip Code
32550

Architecture

Bedrooms
4
Bathrooms
3
Year Built
1976
Style
N/A
Construction Materials
Vinyl Siding, Block
Building Area
1,640 sq. ft.
Roof
Composition, Shingle
Levels
Two
Garage Spaces
0

Features & Amenities

Appliances
Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator, Washer, Disposal, Self Cleaning Oven
Flooring
Vinyl
Exterior Features
Balcony
Patio and Porch
Patio
Community Features
Gated, Golf, Pool
Cooling
Ceiling Fan(s), Central Air, Electric
Heating
Electric, Central

Property Features

Water
Public
Sewer
Public Sewer
Utilities
Electricity Available

Square Footage

Total
1,640 sq. ft.

Tax & Financial Information

List Price
$699,000
Annual Taxes
$4,278
Association Fee
$2,892 (paid Quarterly)
Fee Includes
Trash, Water, Insurance, Security

Schools

47/100
Van R. Butler Elementary School
Elementary · Grades KG–05 · 4.4 mi
City
Santa Rosa Beach
Students
914
Parent reviews
1.0★ avg · 2 reviews
Student body
68% White · 20% Hispanic / Latino · 5% Two or More Races
Free/reduced lunch
28%
Phone
(850) 622-5040
72/100
Gateway Academy
All Grades · Grades PK–08 · 1.3 mi · Private
City
Miramar Beach
Students
401
Student–teacher
9.8
Phone
(850) 654-9095
52/100
South Walton Academy
All Grades · Grades PK–12 · 1.6 mi · Private
City
Santa Rosa Beach
Students
114
Student body
83% White · 9% Black · 9% Hispanic / Latino
Phone
(850) 213-4595

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
05/13/2026Listed for sale$699,000

Listed by Crystal L Watkins · Compass


IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing

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