238 N St Francis Drive, Miramar Beach, FL 32550

$1,595,000

Plenty of seating for dinner gatherings.

Short stroll to the beach on your private golf cart.

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 2,872 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $1,595,000 List Date: 10/01/2025 Last Modified: 2/24/2026

Overview

Description

Rental Powerhouse with Outdoor Oasis! Solace Beach House is what investment dreams are made of! With over $120K in 2025 rental income year-to-date, this property is a proven performer. Set on one of the largest lots in Emerald Waters, it boasts a 1,500+ sq. ft. outdoor oasis with a new brick-paver patio, two gazebos, covered living and dining, hot tub, fire pit, giant outdoor chess, and a private gated path to the community pool. Inside you'll find three private king suites plus a third-floor game room and lounge with two bunk rooms—perfect for families. Conveniently located beside the community pool, guests enjoy all the perks of a private pool without the upkeep. Emerald Waters is an exclusive gated community with a private walkway to deeded beach access and two community pools.

Listing Details MLS# 986538

Contract Info

List Price/SqFt: 555.36
Listing Board: Emerald Coast

Location Tax and Legal

Area: 15 - Miramar/Sandestin Resort
Street #: 238
Street Direction: N
Street Name: St Francis
Street Suffix: Drive
State: FL
Zip Code: 32550
County: Walton
Project Name/Subdivision: EMERALD WATERS
Parcel ID: 29-2S-21-42970-000-0010

General Property Info

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 2872
SqFt Source: County PA Records
Full Baths: 4
Total Bathrooms: 4
# Stories: 3
Year Built: 2005
Immediate Occupancy: No
Garage: No
Carport: No
Driveway Spaces: 4
Acreage: 0.13
Pool: Yes
Pool Type: Private

Location, Tax and Legal

Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
Elementary School: Van R Butler
Middle School: Emerald Coast
High School: South Walton
Legal Description: LOT 1 OF EMERALD WATERS VILLAGE PB 13-27 OR 2572-1336 OR 2589-7 OR 2622-4753 OR 2632-4954 OR 2751-3303 OR 2838-3525 OR 3248-1432 OR 3288-4340

Listing Info, Tax & Legal

Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 560
Annual Assessment Amount: 2240
Assessment Paid: Quarterly
New Buyer Fee: Yes
New Buyer Fee Amt: 400
New Buyer Fee Paid: $
Last Taxes: 9851.96
Last Tax Year: 2024
Brokerage Interest: No Interest
As Is: No

More Information

Remarks & Misc

Remarks: Rental Powerhouse with Outdoor Oasis! Solace Beach House is what investment dreams are made of! With over $120K in 2025 rental income year-to-date, this property is a proven performer. Set on one of the largest lots in Emerald Waters, it boasts a 1,500+ sq. ft. outdoor oasis with a new brick-paver patio, two gazebos, covered living and dining, hot tub, fire pit, giant outdoor chess, and a private gated path to the community pool. Inside you'll find three private king suites plus a third-floor game room and lounge with two bunk rooms—perfect for families. Conveniently located beside the community pool, guests enjoy all the perks of a private pool without the upkeep. Emerald Waters is an exclusive gated community with a private walkway to deeded beach access and two community pools.

Construction Status

Construction Complete: Yes

Lot Features

Cul-De-Sac: Yes
Within 1/2 Mile to Water: Yes

Project Facilities

Beach: Yes
Gated Community: Yes
Pool: Yes
Short Term Rental - Allowed: Yes

Construction/Siding

Roof Metal: Yes
Siding CmntFbrHrdBrd: Yes

Utilities

Electric: Yes
Public Sewer: Yes
Public Water: Yes
TV Cable: Yes

Zoning

Resid Single Family: Yes

Exterior

Balcony: Yes
BBQ Pit/Grill: Yes
Fenced Lot-Part: Yes
Fireplace: Yes
Hot Tub: Yes
Patio Covered: Yes
Patio Open: Yes
Renovated: Yes
Shower: Yes

Interior

Breakfast Bar: Yes
Furnished - All: Yes
Pantry: Yes
Renovated: Yes
Window Treatment All: Yes

Energy

AC - Central Elect: Yes
Heat Cntrl Electric: Yes
Water Heater - Elect: Yes

Master Bedroom

Second: Yes

Bedroom

First: Yes
Second: Yes

Kitchen

First: Yes

Living Room

First: Yes

Rooms

Bedroom: Yes
Bonus Room: Yes
Bunk Room: Yes
Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes

Fees Include

Recreational Faclty: Yes

Property Features

Construction Status: Construction Complete Lot Features: Cul-De-Sac; Within 1/2 Mile to Water Zoning: Resid Single Family Project Facilities: Beach; Gated Community; Pool; Short Term Rental - Allowed Exterior: Balcony; BBQ Pit/Grill; Fenced Lot-Part; Fireplace; Hot Tub; Patio Covered; Patio Open; Renovated; Shower Interior: Breakfast Bar; Furnished - All; Pantry; Renovated; Window Treatment All Utilities: Electric; Public Sewer; Public Water; TV Cable Energy: AC - Central Elect; Heat Cntrl Electric; Water Heater - Elect Master Bedroom: Second Bedroom: First; Second Kitchen: First Living Room: First Rooms: Bedroom; Bonus Room; Bunk Room; Kitchen; Living Room; Master Bedroom Fees Include: Recreational Faclty

Room Information

Living Room Level: First Dimensions: 23 x 21 Length: 23.00 Width: 21.00 Dimensions: 23 x 21 Kitchen Level: First Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Dimensions: 13 x 12 Bedroom Level: First Dimensions: 23 x 11 Length: 23.00 Width: 11.00 Dimensions: 23 x 11 Bedroom Level: Second Dimensions: 23 x 11 Length: 23.00 Width: 11.00 Dimensions: 23 x 11 Master Bedroom Level: Second Dimensions: 23 x 12 Length: 23.00 Width: 12.00 Dimensions: 23 x 12 Bonus Room Level: Third Dimensions: 18 x 16 Length: 18.00 Width: 16.00 Dimensions: 18 x 16 Bunk Room Level: Third Dimensions: 15 x 9 Length: 15.00 Width: 9.00 Dimensions: 15 x 9 Bunk Room Level: Third Dimensions: 15 x 8 Length: 15.00 Width: 8.00 Dimensions: 15 x 8

Listing Office: Newman Dailey Resort Properties

Last Updated: February - 24 - 2026

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

238 N St Francis Drive, Miramar Beach, FL 32550 (MLS# 986538)