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Off market
  • $4,563,100

    251 Open Gulf St, Miramar Beach, FL 32550

    8beds
    5,026sqft
    SingleFamily
    Built in 2001
    0.36 Acres Lot
    $4,563,100 Zestimate®
    $908/sqft
    $5,006 Estimated rent

    Home value

    $4,563,100

    $3.97M - $5.29M

    $5,006/mo

    Zestimate® history
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    $27,767/mo

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    $27,767/mo

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    What's special

    Old Florida living meets today's coastal design. Comprised of 2 homes, the fully renovated 'Gulf Splendor' masters beachfront living. The gulf front, 4-story beach house provides endless gulf views and the 3-story guest house on the street side offers additional space along with corridor views of the gulf. Both homes include private swimming pools. Rental projections are $280K+ annually for the combined homes. From the second-floor living space of the beach house your eyes are immediately drawn to the wall of large windows and the emerald green waters beyond. Open concept with a light and airy feeling, the living/kitchen/dining/wet bar is a natural gathering space. Open the French Doors and let in the warm salt air breeze or step out onto the deep balcony. The living room features a gas fireplace surrounded by built-in shelves. The newly updated kitchen features white cabinets, a quartz countertop and new stainless steel appliances. New hardwood flooring is strikingly present in both homes. The third floor has 2 gulf front bedrooms complete with private baths and a shared gulf front balcony. A bonus area on the third floor has been made into a bunk room, but can easily be converted to an office space. The entire fourth floor is a master retreat fit for a king, complete with a sitting area, wet bar with a wine fridge, walk-in closet, a private bath with dual vanities and an oversized walk in shower, and a private balcony. All floors are easily accessed by the elevator. The first-floor area has an owner's closet and laundry room with access to the private pool and outdoor covered patio area. The patio area has a BBQ and a bar area complete with a fridge. Gulf Splendor's guest house has 4 bedrooms and 4.5 baths. The main floor has a bedroom with private bath. The second floor is an open concept living, dining and kitchen area, all newly renovated. The living room also has a wet bar area complete with a wine fridge and sink. Step out onto the balcony from the second floor to a private pool and gulf views. There is also a half bath and laundry room on the second floor. The third floor has 3 bedrooms. The front 2 bedrooms have gulf views and private baths with the third bedroom being a bunk room with private bath. Call today for a private showing.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 9
    • Full bathrooms: 7
    • 1/2 bathrooms: 2
    Heating
    • Other, Electric, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave
    Features
    • Flooring: Tile, Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 5,026 sqft

    Property

    Parking
    • Parking features: Carport, Garage
    Features
    • Exterior features: Stucco
    • Has spa: Yes
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 0.36 Acres
    Details
    • Parcel number: 332S21421800030050

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Frame
    • Roof: Metal
    Condition
    • Year built: 2001

    Community & neighborhood

    Location
    • Region: Miramar Beach

    Other

    Other facts
    • roof_types: Unknown
    • architectural_style: Other
    • dining_rooms: 0
    • living_rooms: 0
    • fireplaces: 0
    • has_sprinkler_system_fl: Y
    • has_wet_bar_fl: Y
    • parking: Garage,Guest
    • grade_school: Van R Butler
    • neighborhoods: 15 - Miramar/Sandestin Resort
    • original_listhub_key: 3yd-ECARMLSFL-770772

    Price history

    DateEventPrice
    11/7/2018Sold$2,425,000-11.8%$482/sqft
    Source: Public Record Report a problem
    11/6/2018Pending sale$2,749,999$547/sqft
    Source: Keller Williams Emerald Coast Realty #770772 Report a problem
    6/4/2018Price change$2,749,999+10%$547/sqft
    Source: Keller Williams Emerald Coast Realty #770772 Report a problem
    12/6/2017Listed for sale$2,499,999$497/sqft
    Source: Destin #770772 Report a problem
    10/18/2017Listing removed$2,499,999$497/sqft
    Source: Destin #770772 Report a problem
    9/21/2017Price change$2,499,999-3.8%$497/sqft
    Source: Destin #770772 Report a problem
    6/24/2017Price change$2,599,900-3.7%$517/sqft
    Source: Destin #770772 Report a problem
    5/6/2017Price change$2,699,900-3.6%$537/sqft
    Source: Destin #770772 Report a problem
    3/9/2017Listed for sale$2,799,900+26.7%$557/sqft
    Source: Keller Williams - Destin #770772 Report a problem
    3/1/2017Sold$2,210,000-25.1%$440/sqft
    Source: Public Record Report a problem
    11/17/2016Listed for sale$2,950,000+20.7%$587/sqft
    Source: Owner Report a problem
    7/2/2015Listing removed$2,445,000$486/sqft
    Source: Pelican Real Estate and Development Company, INC. #609501 Report a problem
    3/18/2014Price change$2,445,000-2%$486/sqft
    Source: Pelican Real Estate #609501 Report a problem
    11/21/2012Listed for sale$2,495,000+30.6%$496/sqft
    Source: Resortquest Real Estate Of Florida Llc #587000 Report a problem
    5/15/2003Sold$1,910,000$380/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$32,242 +8.5%$3,246,455 +10%
    2024$29,729 +4.8%$2,951,323 +10%
    2023$28,364 +6.8%$2,683,021 +10%
    2022$26,557 +19.3%$2,439,110 +10%
    2021$22,268 +10.7%$2,217,373 +10%
    2020$20,122 +3.8%$2,015,794 +3.2%
    2019$19,390 $1,952,501 +8.7%
    2018$19,390 +8.3%$1,795,926 +2%
    2017$17,907 +10.4%$1,759,965 +5.1%
    2016$16,225 +6.1%$1,675,236 +14.4%
    2015$15,293 +10.6%$1,464,845 +29.4%
    2014$13,832 $1,132,075 +7.5%
    2013-- $1,053,279 -0.1%
    2012-- $1,054,464 -7.3%
    2011-- $1,137,759 -2.3%
    2010-- $1,164,764 -18.2%
    2009-- $1,423,207 -33.4%
    2008-- $2,136,529 -5.2%
    2007-- $2,254,876 +18.3%
    2005-- $1,906,761 +23.6%
    2004-- $1,542,936 +96.8%
    2003-- $783,996 +2.1%
    2002-- $767,713 +134.3%
    2001-- $327,630

    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: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $4,563,100
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    $4,654,362