About This Home

This 3-bedroom, 2-bathroom single family at 158 Sandy Cay Drive in Miramar Beach, FL is listed for $969,000 ($478 per sqft). Built in 2004, the home offers 2,029 sqft of living space on a 0.12 acres lot.

Key Features

  • Built in 2004
  • 0.12 acre lot
  • 4 parking spaces

Property Details

1 story
2 full
2-car garage
2004

Amenities

A/C
Listing Description

Turnkey Gulf Coast Investment with Proven Income! Welcome to Emerald Escape, a beautifully updated home offering the perfect combination of investment potential and coastal living. Already boasting over $100,000 in 2026 bookings with a few months still remaining, this successful short-term rental is ready to continue producing income from day one.

Prefer to keep it for yourself? It also makes an incredible primary residence or vacation getaway! Major updates include a new roof (2023), new front and back doors (2024), high-impact casement windows (2019), Rinnai tankless water heater (2018), HVAC (2018), brick paver driveway and front entrance (2016), and an expanded patio overlooking the fully fenced backyard.

Inside you'll find crown molding throughout, stacked stone accents, fresh paint, updated ceiling fans, a beautifully remodeled primary bath with a tiled shower and whirlpool tub, an updated guest bath, and a refreshed kitchen featuring stainless steel appliances and a tile backsplash.

Perfectly situated between Highway 98 and Scenic Gulf Drive, the community offers convenient access from both the north and south, placing you just minutes from the Emerald Coast's sugar-white beaches, shopping, dining, and entertainment. Whether you're searching for a high-performing vacation rental or your own slice of paradise, Paradise Retreat truly checks every box! GOLF CART IS A RENTAL AND NOT INCLUDED.

Monthly Cost Estimate

$6,442/mo

20% down · 6.5% · 30 years

Principal$701
Interest$4,199
Insurance$283
HOA$1,260

Estimates only. Actual payments may vary.

Location

158 Sandy Cay Drive

Miramar Beach, FL 32550

PARADISE RETREAT

Features & Amenities

Interior Features

Ceiling VaultedLighting RecessedOwner's ClosetSplit Bedroom

Exterior Features

Fenced Back Yard

Property Details

Flooring

Tile

Construction

Brick

Outdoor Features

Patio

Heating

Central

Cooling

Central Air

Appliances

Auto Garage Door OpnCooktopDishwasherDisposalDryerMicrowaveRefrigeratorRefrigerator W/IceMkSmoke DetectorSmooth Stovetop RngeStove/Oven ElectricWasherWater Heater - Gas

Questions & Answers

This 3-bedroom, 2-bathroom single family at 158 Sandy Cay Drive is listed at $969,000 ($478/sqft). The estimated monthly payment is $6,443 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $1260/month.

Key features include: Built in 2004, 0.12 acre lot, 4 parking spaces. Interior Features: Ceiling Vaulted, Lighting Recessed, Owner's Closet. Exterior Features: Fenced Back Yard.

This property is listed by Crystal D Ragan-Kotulak.

CR

Crystal D Ragan-Kotulak

License 3571123

Agent at Keller Williams Realty- Emerald Coast

Listed by Keller Williams Realty- Emerald Coast · Broker phone: (850) 654-2900 · View on Broker Site · Broker website

MLS# 1008912· Source: Emerald Coast Association of Realtors· 88 days on PropertySimple

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

158 Sandy Cay Drive, Miramar Beach, FL 32550

Open this listing in: