261 Open Gulf Street, Miramar Beach, FL 32550

$1,690,000

Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 2,826 Lot Size (sq. ft.): 3,920 Status: Active

Current Price: $1,690,000 List Date: 3/23/2026 Last Modified: 5/01/2026

Overview

Description

Short term rental powerhouse featuring a spacious coastal home with ocean views from every floor, direct beach access from the front door, private seasonally heated pool, and massive 22 person sleeping capacity to maximize revenue. Designer furnishings, professional photography and full inventory to convey for immediate revenue generation. Less than 300 feet from direct beach access ensures high occupancy. Includes complimentary paddleboards and kayaks for added guest appeal. Designed from the ground up to ensure easy, low cost maintenance and best possible yield. Do an Internet search on Legacy Beach Homes of Destin, Florida to view real time calendars in order to determine availability for showings.

Supplements: Seller is listing over $100 million worth of properties from their portfolio (35 large STRs in the Destin/Miramar/30A area with an average appraisal value of slightly over $3M each.). Seller is only selling 10% of the portfolio. Seller will withdraw this and/or any other remaining listings once the first $10 million (approximately) in sales hav ... (Read more)

Listing Details MLS# 998676

Contract Info

List Price/SqFt: 598.02
Listing Board: Emerald Coast

Location Tax and Legal

Area: 15 - Miramar/Sandestin Resort
Street #: 261
Street Name: Open Gulf
Street Suffix: Street
State: FL
Zip Code: 32550
County: Walton
Project Name/Subdivision: BUENA VISTA
Parcel ID: 33-2S-21-42520-000-0010

General Property Info

Sub-Type: Detached Single Family
Design: Contemporary
Apx SqFt(Htd/Cooled): 2826
SqFt Source: Agent-Measured
Full Baths: 5
Total Bathrooms: 5
# Stories: 3
Year Built: 2003
Immediate Occupancy: No
Garage: No
Carport: No
Driveway Spaces: 4
Acreage: 0.09
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 Buena Vista S/D Pb 9-8 Or 1885-377 Or 2362??922 Or 2790-2802 Or 2849-4862 Or 2837-198 Or 2851-3546 Or 3214-4509

Listing Info, Tax & Legal

Homestead: No
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Last Taxes: 12351.57
Last Tax Year: 2025
Brokerage Interest: Familial Interest - Listing Broker/Licensee related to owner.
As Is: Yes

More Information

Remarks & Misc

Remarks: Short term rental powerhouse featuring a spacious coastal home with ocean views from every floor, direct beach access from the front door, private seasonally heated pool, and massive 22 person sleeping capacity to maximize revenue. Designer furnishings, professional photography and full inventory to convey for immediate revenue generation. Less than 300 feet from direct beach access ensures high occupancy. Includes complimentary paddleboards and kayaks for added guest appeal. Designed from the ground up to ensure easy, low cost maintenance and best possible yield. Do an Internet search on Legacy Beach Homes of Destin, Florida to view real time calendars in order to determine availability for showings.

Construction Status

Construction Complete: Yes

Waterview

Gulf: Yes

Lot/Parcel Access

Paved Road: Yes

Lot Features

Corner: Yes
Dead End: Yes
Flood Insurance Req: Yes
Interior: Yes
Irregular: Yes
Level: Yes
Within 1/2 Mile to Water: Yes

Construction/Siding

Foundation Off Grade: Yes
Frame: Yes
Siding Vinyl: Yes
Siding Wood: Yes
Trim Vinyl: Yes

Utilities

Electric: Yes
Private Well: Yes
Public Sewer: Yes

Zoning

Resid Single Family: Yes

Exterior

Balcony: Yes
BBQ Pit/Grill: Yes
Pool - Above Ground: Yes
Pool - Gunite Concrt: Yes
Pool - In-Ground: Yes

Interior

Breakfast Bar: Yes
Fireplace: Yes
Furnished - All: Yes
Lighting Recessed: Yes
Owner's Closet: Yes
Renovated: Yes
Washer/Dryer Hookup: Yes
Window Treatment All: Yes
Woodwork Painted: Yes

Financing

Conventional: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Refrigerator: Yes
Refrigerator W/IceMk: Yes
Smoke Detector: Yes
Smooth Stovetop Rnge: Yes
Washer: Yes

Energy

AC - 2 or More: Yes
Ceiling Fans: Yes
Heat Cntrl Electric: Yes
Water Heater - Elect: Yes

Mstr Bdrm/Mstr Bath

MBath Separate Shwr: Yes
MBed First Floor: Yes
MBed Walk-in Closet: Yes

Master Bedroom

First: Yes
Second: Yes

Bedroom

Second: Yes

Kitchen

First: Yes

Rooms

Bedroom: Yes
Bunk Room: Yes
Dining Area: Yes
Family Room: Yes
Kitchen: Yes
Master Bedroom: Yes
Sitting Room: Yes

Property Features

Construction Status: Construction Complete Lot Features: Corner; Dead End; Flood Insurance Req; Interior; Irregular; Level; Within 1/2 Mile to Water Zoning: Resid Single Family Waterview: Gulf Exterior: Balcony; BBQ Pit/Grill; Pool - Above Ground; Pool - Gunite Concrt; Pool - In-Ground Interior: Breakfast Bar; Fireplace; Furnished - All; Lighting Recessed; Owner's Closet; Renovated; Washer/Dryer Hookup; Window Treatment All; Woodwork Painted Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Refrigerator W/IceMk; Smoke Detector; Smooth Stovetop Rnge; Washer Utilities: Electric; Private Well; Public Sewer Energy: AC - 2 or More; Ceiling Fans; Heat Cntrl Electric; Water Heater - Elect Master Bedroom: First; Second Bedroom: Second Kitchen: First Rooms: Bedroom; Bunk Room; Dining Area; Family Room; Kitchen; Master Bedroom; Sitting Room Financing: Conventional

Room Information

Dining Area Level: First Dimensions: 13 x 10 Length: 13.00 Width: 10.00 Remarks: First floor dining area and open kitchen Dimensions: 13 x 10 Master Bedroom Level: First Dimensions: 14 x 16 Length: 14.00 Width: 16.00 Remarks: First floor master suite Dimensions: 14 x 16 Bunk Room Level: First Dimensions: 12 x 10 Length: 12.00 Width: 10.00 Remarks: Double bunk room Dimensions: 12 x 10 Bunk Room Level: First Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Remarks: Double bunk beds on first floor Dimensions: 12 x 12 Family Room Level: Second Dimensions: 18 x 17 Length: 18.00 Width: 17.00 Remarks: Spacious and open with gulf views Dimensions: 18 x 17 Bedroom Level: Second Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Remarks: Queen guest room with private bath Dimensions: 13 x 12 Master Bedroom Level: Second Dimensions: 14 x 12 Length: 14.00 Width: 12.00 Remarks: 2nd floor master #3 Dimensions: 14 x 12 Master Bedroom Level: Second Dimensions: 14 x 12 Length: 14.00 Width: 12.00 Remarks: 2nd Floor master suite with private bath Dimensions: 14 x 12 Sitting Room Level: Third Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Remarks: 3rd Floor sitting area with sleeper sofa Dimensions: 13 x 12 Kitchen Level: First Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Remarks: First floor kitchen - dining - breakfast area Dimensions: 12 x 12

Documents

261 Open Gulf Appraisal ›

261 Open Gulf - Inspection ›

Listing Office: Century 21 Wimco Realty Inc

Last Updated: May - 01 - 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.

261 Open Gulf Street, Miramar Beach, FL 32550 (MLS# 998676)