# 501 Magnolia Place #501, Miramar Beach, FL 32550 > **TL;DR:** 4bd/3ba condo, $699,000 ($426/sqft), built 1976, 1,640 sqft. > A/C. Est. $6,631/mo. Listed 172 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $699,000 | | Price/sqft | $426 | | Bedrooms | 4 | | Bathrooms | 3 full | | Square Feet | 1,640 | | Year Built | 1976 | | Stories | 2 | | Property Type | Condo (Condominium) | | Status | Active | | Days on Market | 172 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,535 | | Estimated Insurance | $204 | | HOA | $2,892 | | **Total** | **$6,631** | ## Nearby Schools - **Elementary:** Van R Butler - **Middle:** Emerald Coast - **High:** South Walton ## Key Amenities - A/C ## Property Highlights - Built in 1976 - 2 stories - 2 parking spaces ## Description ### Agent 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. ## Location - **Address:** 501 Magnolia Place #501, Miramar Beach, FL 32550 - **County:** Walton - **Neighborhood:** MAGNOLIA VILLAGE CONDO - **Coordinates:** 30.379953, -86.331578 - **Google Maps:** https://www.google.com/maps?q=30.379953,-86.331578 ## Listing Agent - **Name:** Crystal L Watkins · **License:** 3159831 - **Brokerage:** Compass Florida, LLC - **Broker Phone:** (305) 851-2820 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/501-Magnolia-Pl_Miramar-Beach_FL_32550_M54578-10397?f=listhub&s=ECARMLSFL&m=1002984&c=propsimple) ## Photos ![501 Magnolia Place #501 - Photo 1](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f2622865577r.jpg) ![501 Magnolia Place #501 - Photo 2](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f2394469236r.jpg) ![501 Magnolia Place #501 - Photo 3](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f1910071421r.jpg) ![501 Magnolia Place #501 - Photo 4](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f2538594344r.jpg) ![501 Magnolia Place #501 - Photo 5](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f2999427409r.jpg) ![501 Magnolia Place #501 - Photo 6](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f1260575226r.jpg) ![501 Magnolia Place #501 - Photo 7](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f2756785898r.jpg) ![501 Magnolia Place #501 - Photo 8](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f2667724159r.jpg) ![501 Magnolia Place #501 - Photo 9](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f258900483r.jpg) ![501 Magnolia Place #501 - Photo 10](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f1674571040r.jpg) ![501 Magnolia Place #501 - Photo 11](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f812745812r.jpg) ![501 Magnolia Place #501 - Photo 12](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f1022716294r.jpg) ![501 Magnolia Place #501 - Photo 13](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f501130729r.jpg) ![501 Magnolia Place #501 - Photo 14](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f1448433677r.jpg) ![501 Magnolia Place #501 - Photo 15](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f2279746214r.jpg) ![501 Magnolia Place #501 - Photo 16](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f2198474209r.jpg) ![501 Magnolia Place #501 - Photo 17](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f4107176670r.jpg) ![501 Magnolia Place #501 - Photo 18](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f3301532476r.jpg) ![501 Magnolia Place #501 - Photo 19](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f1995556951r.jpg) ![501 Magnolia Place #501 - Photo 20](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f866705106r.jpg) ![501 Magnolia Place #501 - Photo 21](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f3119458289r.jpg) ![501 Magnolia Place #501 - Photo 22](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f2950240178r.jpg) ![501 Magnolia Place #501 - Photo 23](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f2669304794r.jpg) ![501 Magnolia Place #501 - Photo 24](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f2379407671r.jpg) ![501 Magnolia Place #501 - Photo 25](http://lh.rdcpix.com/89099a8e49f1de3106e2517aba455923l-f941381053r.jpg) --- **MLS#:** 1002984 | **Updated:** 2026-10-29 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/501-magnolia-place-miramar-beach-fl-32550-710392685fc749a6afbea4ab88193601) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/501-magnolia-place-miramar-beach-fl-32550-710392685fc749a6afbea4ab88193601#listing", "url": "https://staging.propertysimple.ai/listing/501-magnolia-place-miramar-beach-fl-32550-710392685fc749a6afbea4ab88193601", "name": "501 Magnolia Place #501, Miramar Beach, FL 32550", "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. 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