Short term rental powerhouse featuring a spacious coastal home

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Home For Sale

261 Open Gulf Street

Miramar Beach, Florida 32550

Walton County

Community: BUE VISTA

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$1,690,000 6 br, 5.0 bath 2826 sq. ft. 0.090 acres

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. 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 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. Neither nor offer a transfer option. However, the seller will make all reasonable efforts to facilitate the transfer of 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.

Interior:
  • Bedrooms: 6
  • Baths: 5.0
  • Sq Ft: 2826
  • Year Built: 2003
  • Utilities: 
  • Fireplaces: Has Fireplace
  • Stories: 3
  • Heat/AC: Central
  • Garage: 
Exterior:
  • Lot Size: 0.090 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Foundation Off Grade, Frame, Siding Vinyl, Siding Wood, Trim Vinyl
  • Roof: 
  • Property Taxes: $12,352
  • Swimming Pool: Yes
  • MLS #: 998676
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Contact Information:
Beach Home For Sale in Miramar Beach, Florida
Listing Agent: Ethan D Knight, c21 wimco, 706-887-9376, 850-664-2100 Listing Site, Listing Status: Active
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7459067
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Updated: Mar 23, 2026

This property is a Home located at 261 Open Gulf Street, Miramar Beach, Florida 32550, and is currently For Sale at $1,690,000. This Home has 6 bedrooms, 5.0 baths, 2826 sq ft.