261 Open Gulf Street, Miramar Beach, FL 32550

• 6 beds |
• 5 baths |
• 2,826 sqft

Property 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. 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 have been achieved. Seller does not disclose property-level rental revenue data. Buyer to perform their own due diligence regarding income potential. However, the appraisal in the document section of this listing may include the appraiser's revenue projection. Neither Airbnb nor VRBO offer a transfer option. However, the seller will make all reasonable efforts to facilitate the transfer of reservations. The Seller does not have to sell. Property has been priced based on recent appraisal and reflects the seller's minimum acceptable price. Most recent appraisal and inspections are included in the documents section of this listing.

Listing Status:

Active

Date Added:

March 23, 2026

Data Last Updated:

April 3, 2026 at 3:22AM

Listing Office:

Century 21 Wimco Realty Inc : 850-664-2100

Listing Agent:

Ethan D Knight : 706-887-9376

MLS ID:

998676

Interior

• General: Breakfast BarFireplaceRecessed LightingOwner's ClosetWasher/Dryer HookupWoodwork Painted
• Appliances: DishwasherDisposalDryerMicrowaveRefrigeratorWasherElectric Water Heater
• A/C: Ceiling Fan(s)
• Heating: Central

Exterior

• General: Outdoor GrillBalconyPool - Gunite Concrt
• Style: Contemporary
• Pool: Above GroundIn Ground

Construction

• Windows: Window Treatments
• General: Foundation Off GradeFrameSiding VinylWood SidingTrim Vinyl3

Location

• Road/Access: Paved
• Originating MLS: Emerald Coast Association of REALTORS®
• County: Walton

Lot

• Zoning: Resid Single Family33-2S-21-42520-000-0010
• View: Gulf

Financial

• Source: Emerald Coast Association of REALTORS®