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.
For sale
Price cut: $26K (8/13)
$699,000
501 Magnolia Pl #501, Miramar Beach, FL 32550
4beds
1,640sqft
Condominium
Built in 1976
-- sqft lot
$675,700 Zestimate®
$426/sqft
$-- HOA
What's special
- 155 days
- 76
- 1
Zillow last checked:
Listing updated:
Listed by:
Crystal L Watkins 850-855-6885,
Compass
Source: ECAOR,MLS#: 1002984
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: $426/sqft
- Annual tax amount: $4,278
- Date on market: 5/13/2026
Estimated market value
$675,700
$642,000 - $709,000
$4,309/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Price change | $699,000-3.6%$426/sqft |
Source: | ||
| 5/13/2026 | Listed for sale | $725,000+45%$442/sqft |
Source: | ||
| 2/26/2022 | Listing removed | -- |
Source: | ||
| 6/28/2021 | Pending sale | $499,900$305/sqft |
Source: | ||
| 6/25/2021 | Listed for sale | $499,900$305/sqft |
Source: | ||
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.Climate risks
Neighborhood: 32550
Nearby schools
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.







