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For sale
  • $725,000

    501 Magnolia Pl #501, Miramar Beach, FL 32550

    4beds
    1,640sqft
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    Condominium
    Built in 1976
    -- sqft lot
    $692,900 Zestimate®
    $442/sqft
    $-- HOA

    What's special

    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.
    68 days
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    75
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    5
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    Zillow last checked:

    Listing updated:

    Listed by:

    Crystal L Watkins 850-855-6885,

    Compass

    Source: ECAOR,MLS#: 1002984MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Primary bedroom
      • Level: Second
      • Area: 204 Square Feet
      • Dimensions: 17 x 12
      Bedroom
      • Level: First
      • Area: 144 Square Feet
      • Dimensions: 12 x 12
      Bedroom
      • Level: Second
      • Area: 144 Square Feet
      • Dimensions: 12 x 12
      Bedroom
      • Level: Second
      • Area: 144 Square Feet
      • Dimensions: 12 x 12
      Kitchen
      • Level: First
      • Area: 120 Square Feet
      • Dimensions: 12 x 10
      Living room
      • Level: First
      • Area: 180 Square Feet
      • Dimensions: 15 x 12
      Heating
      • Central
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater
      • Laundry: Washer/Dryer Hookup
      Features
      • Flooring: Vinyl
      Interior area
      • Total structure area: 1,640
      • Total interior livable area: 1,640 sqft

      Property

      Parking
      • Total spaces: 2
      Features
      • Patio & porch: Patio
      • Exterior features: Balcony
      Details
      • Parcel number: 272S21420400005010

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Materials
      • Block, Vinyl Siding
      • Roof: Composition
      Condition
      • Construction Complete
      • New construction: No
      • Year built: 1976

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Features: Dock, Fitness Center, Gated, Golf, Picnic Area, Pool, TV Cable
      • Subdivision: MAGNOLIA VILLAGE CONDO
      HOA
      • Has HOA: Yes
      • Services included: Insurance, Recreational Faclty, Security, Trash, Water
      Location
      • Region: Miramar Beach

      Financial & listing details

      • Price per square foot: $442/sqft
      • Annual tax amount: $4,278
      • Date on market: 5/13/2026

        Estimated market value

        $692,900

        $658,000 - $728,000

        $4,357/mo

        Price history

        DateEventPrice
        5/13/2026Listed for sale$725,000+45%$442/sqft
        Source: ECAOR #1002984 Report a problem
        2/26/2022Listing removed--
        Source: Navarre Area BOR #874948 Report a problem
        6/28/2021Pending sale$499,900$305/sqft
        Source: Navarre Area BOR #874948 Report a problem
        6/25/2021Listed for sale$499,900$305/sqft
        Source: Navarre Area BOR #874948 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32550

        Getting around

        43 / 100
        Car-Dependent
        46 / 100
        Somewhat Bikeable

        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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