About This Home

This 4-bedroom, 3-bathroom condo at 501 Magnolia Place #501 in Miramar Beach, FL is listed for $699,000 ($426 per sqft). Built in 1976, the home offers 1,640 sqft of living space on a N/A lot.

Key Features

  • Built in 1976
  • 2 stories
  • 2 parking spaces

Property Details

2 stories
3 full
2 spaces
#501
1976

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$6,630/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,029
Insurance$204
HOA$2,892

Estimates only. Actual payments may vary.

Location

501 Magnolia Place #501

Miramar Beach, FL 32550

MAGNOLIA VILLAGE CONDO

Features & Amenities

Interior Features

Washer/Dryer Hookup

Exterior Features

Balcony

Property Details

Flooring

Vinyl

Construction

Block Siding Vinyl

Outdoor Features

Patio

Heating

Central

Cooling

Central Air

Appliances

DishwasherDisposalDryerMicrowaveOven Self CleaningRefrigeratorWasherWater Heater - Elect

Questions & Answers

This 4-bedroom, 3-bathroom condo at 501 Magnolia Place is listed at $699,000 ($426/sqft). The estimated monthly payment is $6,631 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $2892/month.

Key features include: Built in 1976, 2 stories, 2 parking spaces. Interior Features: Washer/Dryer Hookup. Exterior Features: Balcony.

This property is listed by Crystal L Watkins.

CW

Crystal L Watkins

License 3159831

Agent at Compass Florida, LLC

Listed by Compass Florida, LLC · Broker phone: (305) 851-2820 · View on Broker Site · Broker website

MLS# 1002984· Source: Emerald Coast Association of Realtors· 170 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.

501 Magnolia Place #501, Miramar Beach, FL 32550

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