'Manta Ray Getaway' is a proven performer—over $100,000 in rental income in past years—and positioned to earn even more with strategic upgrades. Located in Paradise Retreat, a gated community with exclusive 320-foot deeded Gulf access, this property offers what investors look for most: high demand, low competition, and clear growth potential.
The Numbers Tell The Story:
Sleeps 10 comfortably with 4 beds, 2 baths, and 2,047 sq. ft. — the largest floor plan in the neighborhood. Fully furnished and turnkey with new LVP flooring, upgraded kitchen appliances, and quartz countertops.
Private heated L-shaped pool, BBQ station, tanning deck, and space for easy-to-add, high-ROI amenities like a hot tub, putting green, or cornhole court. Upside Built In Already: Two large living areas, one converted into a game roomarcade games and foosball that keep occupancy high and reviews strong. Recent major updates: new roof & pool pump motor (2021), new fence (2020), water heater (2019). No flood insurance required and low HOA fees increase net returns.
The Bottom Line:
With its proven track record, income-boosting potential, and premium beach access, "Manta Ray Getaway" offers both immediate cash flow and long-term appreciation. It's also an outstanding option as a second home or even a full-time residencegiving you the flexibility to enjoy the property yourself while it works for you.
Sold for $945,000
$945,000
145 Marigot Bay Cir, Miramar Beach, FL 32550
4beds
2,047sqft
Single Family Residence
Built in 2004
7,405 Square Feet Lot
$938,300 Zestimate®
$462/sqft
$5,168 Estimated rent
Home value
$938,300
$854,000 - $1.03M
$5,168/mo
Zestimate® history
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$5,751/mo
Est. payment
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List your homeWhat's special
Private heated l-shaped poolQuartz countertopsBbq stationTanning deckGame roomArcade gamesNew lvp flooring
Zillow last checked:
Listing updated:
Listed by:
At The Beach Team 850-654-3325,
Keller Williams Realty Destin
Bought with:
Donna C Gonzalez, 3627067
Coldwell Banker Realty
Source: ECAOR,MLS#: 983205
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 208 Square Feet
- Dimensions: 16 x 13
Bedroom
- Level: First
- Area: 132 Square Feet
- Dimensions: 12 x 11
Bedroom
- Level: First
- Area: 120 Square Feet
- Dimensions: 12 x 10
Bedroom
- Level: First
- Area: 120 Square Feet
- Dimensions: 12 x 10
Dining room
- Level: First
- Area: 132 Square Feet
- Dimensions: 12 x 11
Great room
- Level: First
- Area: 198 Square Feet
- Dimensions: 18 x 11
Heating
- Central, Natural Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Gas Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, Vaulted Ceiling(s), Split Bedroom
- Flooring: Tile
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,047
- Total interior livable area: 2,047 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, Garage
- Attached garage spaces: 2
Features
- Stories: 1
- Patio & porch: Covered
- Exterior features: Lawn Pump, Sprinkler System
Lot
- Size: 7,405 Square Feet
- Dimensions: appro x 50 x 109
- Features: Covenants, Interior Lot, Restrictions, Sidewalk, Within 1/2 Mile to Water
Details
- Parcel number: 302S214279000D0030
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick, Trim Vinyl
- Foundation: Slab
- Roof: Composition
Condition
- Construction Complete
- New construction: No
- Year built: 2004
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: Beach, Deed Access, Gated, TV Cable, Short Term Rental - Allowed
- Security: Smoke Detector(s)
- Subdivision: PARADISE RETREAT
HOA
- Has HOA: Yes
- Services included: Land Recreation, Management, Security
Location
- Region: Miramar Beach
Financial & listing details
- Price per square foot: $462/sqft
- Tax assessed value: $668,272
- Annual tax amount: $6,162
- Date on market: 8/15/2025
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Sold | $945,000-0.5%$462/sqft |
Source:  ECAOR #983205 Report a problem | ||
| 8/24/2025 | Pending sale | $950,000$464/sqft |
Source: ECAOR #983205 Report a problem | ||
| 8/15/2025 | Listed for sale | $950,000+13.1%$464/sqft |
Source: ECAOR #983205 Report a problem | ||
| 1/19/2022 | Sold | $840,000-1.1%$410/sqft |
Source: ECAOR #884305 Report a problem | ||
| 11/28/2021 | Pending sale | $849,000$415/sqft |
Source: ECAOR #884305 Report a problem | ||
| 11/12/2021 | Price change | $849,000+0.1%$415/sqft |
Source: ECAOR #884305 Report a problem | ||
| 11/5/2021 | Price change | $848,000-0.1%$414/sqft |
Source: ECAOR #884305 Report a problem | ||
| 10/28/2021 | Listed for sale | $849,000+84.6%$415/sqft |
Source: ECAOR #884305 Report a problem | ||
| 3/29/2005 | Sold | $460,000+84.1%$225/sqft |
Source: Public Record Report a problem | ||
| 11/9/2004 | Sold | $249,900$122/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,038 -2% | $668,272 -1% |
| 2024 | $6,163 -6.3% | $674,696 -6.7% |
| 2023 | $6,574 +39.7% | $723,489 +91.2% |
| 2022 | $4,706 +31.6% | $378,320 +10% |
| 2021 | $3,575 +14.5% | $343,927 +10% |
| 2020 | $3,121 +0.7% | $312,661 +0.2% |
| 2019 | $3,098 | $311,979 +1.8% |
| 2018 | $3,098 +1.4% | $306,546 +9.3% |
| 2017 | $3,057 +10% | $280,472 +2.4% |
| 2016 | $2,780 +1.4% | $273,984 +1.9% |
| 2015 | $2,742 +1.3% | $268,807 +1% |
| 2014 | $2,705 | $266,114 +15.8% |
| 2013 | -- | $229,895 +16.3% |
| 2012 | -- | $197,742 -1.5% |
| 2011 | -- | $200,800 -1.5% |
| 2010 | -- | $203,950 -7.8% |
| 2009 | -- | $221,225 -22% |
| 2008 | -- | $283,617 -21.2% |
| 2007 | -- | $359,852 +2.7% |
| 2005 | -- | $350,548 +2392% |
| 2004 | -- | $14,067 |
Find assessor info on the county website
Neighborhood: 32550
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Nearby schools
GreatSchools rating
- 9/10Van R. Butler Elementary SchoolGrades: K-5Distance: 8.1 mi
- 8/10Emerald Coast Middle SchoolGrades: 6-8Distance: 16.8 mi
- 8/10South Walton High SchoolGrades: 9-12Distance: 12.7 mi
Schools provided by the listing agent
- Elementary: Van R Butler
- Middle: Emerald Coast
- High: South Walton
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Walton County
- Miramar Beach
- 32550
- 145 Marigot Bay Cir
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