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501 Magnolia Place #501, Miramar Beach, FL - photo 1

$699,000

501 Magnolia Place #501

Miramar Beach, FL 32550

Estimated payment $4,194/month

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4Beds
3Baths
1,640Sq Ft
$426Price/Sq Ft

Preferred partner

Kinsfolk Realty

Kinsfolk Signature Realty

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Highlights

Built in 1976

About This Home

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.

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Facts & features

Bedrooms & bathrooms

  • •Bedrooms:4
  • •Bathrooms:3
  • •Full bathrooms:0

Heating

  • •Has Heating:Yes

Interior area

  • •Total structure area:1,640 sqft
  • •Total interior livable area:1,640 sqft

Parking

  • •Parking features:N/A
  • •Garage spaces:0
  • •Has attached garage:No

Lot

  • •Size:N/A

Details

  • •Parcel number:N/A

Type & style

  • •Home type:Condominium
  • •Property subtype:Residential

Materials

  • • N/A

Condition

  • •Year built:1976

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Price history

DateEventPrice
2026-05-13T00:00:00.000ZListed for sale$699,000$426/sqft

Listing Agent

Crystal L Watkins

Compass

Brokerage Phone: 850-296-9769

Source: Emerald Coast MLS · MLS #1002984

Data Powered by Home Junction, Inc.

Nearby

Supermarkets

Sundries General Market

0.8 mi

Skippers Seafood Market

1.2 mi

Publix

1.2 mi

Dining

SunQuest Cruises

0.1 mi

Jon Smith Subs

0.2 mi

Shake Shanty

0.2 mi

Parks

Legion Park

1.7 mi

Beaches

Miramar Beach

0.9 mi

Henderson Beach State Park

6.5 mi

Destin Harbor Beach

10.7 mi

Nearby amenity locations include data © OpenStreetMap contributors.