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Sold for $925,000
  • $925,000

    187 Sandy Cay Dr, Miramar Beach, FL 32550

    3beds
    1,586sqft
    Single Family Residence
    Built in 2004
    6,534 Square Feet Lot
    $923,600 Zestimate®
    $583/sqft
    $5,039 Estimated rent

    Home value

    $923,600

    $840,000 - $1.02M

    $5,039/mo

    Zestimate® history
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    What's special

    Private oasisHeated saltwater poolOutdoor kitchenUpgraded breakfast barUpgraded tileCozy living spaceOversized primary suite
    Welcome to Rustic Retreat—a proven rental powerhouse with serious income potential and charm to spare. With $126,074 in rental income for 2023 and $101,200 for 2024, plus 100 glowing five-star reviews, this fully furnished coastal gem isn't just a vacation home—it's a high-performing investment in one of the most desirable spots along the Emerald Coast. Tucked inside the gated Paradise Retreat community, this 3-bedroom, 2-bath beach home maximizes space and style across 1,586 square feet—and comfortably sleeps up to 14 guests thanks to a smart bunk room conversion. Inside, the open floor plan flows effortlessly from a remodeled kitchen to a cozy living space ideal for relaxing or entertaining. Enjoy the upgraded breakfast bar, dry bar, and a thoughtfully designed interior that blends comfort and functionality. The oversized primary suite is a standout with upgraded tile, stone finishes, and a walk-through bunk area that adds both versatility and extra sleeping capacity. Step outside to your own private oasiscomplete with a heated saltwater pool featuring a lounging shelf and splash pad, surrounded by swaying hammocks and lush landscaping. Fire up the grill in the outdoor kitchen, or unwind with a drink in hand while the kids splash and play. There's also a garage and ample parking, making guest stays easy and convenient. Best of all? You're less than half a mile from the beach with 320 feet of private, deeded accessplus top-rated restaurants, shopping, and entertainment just minutes away. Whether you're looking for a second home, short-term rental investment, or both, 187 Sandy Cay Dr checks all the boxes.

    Zillow last checked:

    Listing updated:

    Listed by:

    Nikita Korkh 850-502-7650,

    EXP Realty LLC,

    Ogle Luxury Group 817-304-1493,

    EXP Realty LLC

    Bought with:

    Scott Martineau, 3260680

    RE/MAX Coastal Properties

    Source: ECAOR,MLS#: 976701MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Level: First
    • Area: 221 Square Feet
    • Dimensions: 17 x 13
    Bedroom
    • Level: First
    • Area: 132 Square Feet
    • Dimensions: 12 x 11
    Garage
    • Level: First
    • Area: 400 Square Feet
    • Dimensions: 20 x 20
    Kitchen
    • Level: First
    • Area: 110 Square Feet
    • Dimensions: 11 x 10
    Living room
    • Level: First
    • Area: 308 Square Feet
    • Dimensions: 22 x 14
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater
    Features
    • Breakfast Bar, Vaulted Ceiling(s), Recessed Lighting, Owner's Closet, Pantry
    • Flooring: Tile, Vinyl
    • Windows: Window Treatments
    • Furnished: Yes
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 1,586
    • Total interior livable area: 1,586 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Stories: 1
    • Exterior features: Outdoor Grill, Private Yard
    • Pool features: Heated
    Lot
    • Size: 6,534 sqft
    • Dimensions: 50 x 129
    • Features: Within 1/2 Mile to Water
    Details
    • Parcel number: 302S214279000B0060
    • Zoning description: County, Resid Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Beach House
    • Property subtype: Single Family Residence
    Condition
    • Construction Complete,Renovated
    • New construction: No
    • Year built: 2004

    Utilities & green energy

    • Water: Public

    Community & neighborhood

    Community
    • Community features: Beach, Deed Access, Gated, Short Term Rental - Allowed
    Location
    • Region: Miramar Beach
    • Subdivision: PARADISE RETREAT

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/31/2025Sold$925,000-2.6%$583/sqft
    Source: ECAOR #976701 Report a problem
    7/2/2025Pending sale$950,000$599/sqft
    Source: ECAOR #976701 Report a problem
    5/21/2025Listed for sale$950,000+18.9%$599/sqft
    Source: ECAOR #976701 Report a problem
    9/20/2021Sold$799,000$504/sqft
    Source: ECAOR #877979 Report a problem
    8/3/2021Pending sale$799,000$504/sqft
    Source: ECAOR #877979 Report a problem
    7/28/2021Listed for sale$799,000+135%$504/sqft
    Source: ECAOR #877979 Report a problem
    5/2/2019Sold$340,000+74.4%$214/sqft
    Source: Public Record Report a problem
    8/3/2011Sold$195,000-2.5%$123/sqft
    Source: Public Record Report a problem
    4/14/2011Listing removed$199,900$126/sqft
    Source: Resortquest Real Estate Of Florida Llc #550705 Report a problem
    3/4/2011Price change$199,900-12.7%$126/sqft
    Source: Resortquest Real Estate Of Florida Llc #550705 Report a problem
    1/17/2011Listed for sale$229,000-39.7%$144/sqft
    Source: Resortquest Real Estate Of Florida Llc #550705 Report a problem
    12/22/2004Sold$380,000$240/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,025 -2.7%$666,770 -1.7%
    2024$6,194 -5.8%$678,061 -5.5%
    2023$6,572 +8.7%$717,763 +10%
    2022$6,047 +89.4%$652,512 +111.4%
    2021$3,193 +25.2%$308,644 +20.8%
    2020$2,551 +28.8%$255,585 +7.9%
    2019$1,981 $236,808 +1.9%
    2018$1,981 +1.8%$232,393 +2.1%
    2017$1,945 +48.5%$227,613 +2.1%
    2016$1,310 +8%$222,931 +2.1%
    2015$1,213 -44.6%$218,308 +1.2%
    2014$2,190 $215,615 +16%
    2013-- $185,876 +16.6%
    2012-- $159,477 -1.7%
    2011-- $162,242 -1.9%
    2010-- $165,392 -9.1%
    2009-- $181,992 -25.2%
    2008-- $243,401 -24.1%
    2007-- $320,864 -1.4%
    2005-- $325,320 +2212.6%
    2004-- $14,067

    Find assessor info on the county website

    Neighborhood: 32550

    Nearby schools

    GreatSchools rating
    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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    $923,600
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    $942,072