Address
20 N Payne Street, Miramar Beach, FL
Price
$ 1,810,000
Property Attributes
- MLS#1007479
- TypeSingle Family
- Listing Status Active
- CountyWalton
- CityMiramar Beach
- AreaMiramar-Sandestin Resort
- NeighborhoodBlue Ohana
- Zip32550
- StyleBeach House
- Year Built2025
- Taxes$ 823
- Price$ 1,810,000
- Bedrooms7
- Full Bathrooms7
- Half Bathrooms1
- Sqr Footage3130
- Lot Size0.09 Acres
Data Source:
Emerald Coast MLS (ECAR)
Property Description
The current property management company is offering a $170,000 rental income guarantee for 2027, providing a compelling opportunity for investors seeking both immediate cash flow and downside protection. Welcome to 16 Blue Ohana Court in Miramar Beach, a fully furnished and turnkey 7-bedroom, 7.5-bath luxury vacation rental designed for strong short-term rental performance and immediate income generation. This spacious three-story home comfortably sleeps up to 22 guests and is being sold completely rental-ready, including a brand-new 6-seat street-legal golf cart, allowing for a seamless transition for any investor. The property already has over $130,000 in bookings secured for 2026 and is projected to finish the year at approximately $170,000 in rental income despite a delayed start in late February, with projected revenue for 2027 estimated between $190,000 and $210,000. The home is purpose-built to maximize occupancy and revenue, featuring five king suites with private bathrooms and two high-capacity bunk rooms designed for large groups. The open-concept layout includes a chef's kitchen with a gas range, expansive living and dining areas, multiple lounge spaces, and a dedicated game room, all thoughtfully designed to enhance the guest experience. The private backyard offers a resort-style setting with a heated pool, covered outdoor living space, and ample room for entertaining, which are key drivers for repeat bookings and premium nightly rates. Multiple balconies and gathering areas throughout the home provide both privacy and functionality for large groups, and a community sand volleyball court is currently being constructed, adding another attractive amenity for guests and enhancing overall rental appeal. Ideally located just about a one-minute golf cart ride to Miramar Beach's largest public beach access, the property offers easy access to the Gulf along with close proximity to Destin, Sandestin Resort, and Scenic Highway 30A. Guests benefit from nearby dining, shopping, and entertainment, further supporting consistent rental demand year-round. This property stands out as a high-performing, income-producing asset with future bookings already in place, professional management available, and no additional setup required, making it an exceptional opportunity for investors seeking a proven luxury vacation rental in one of the Emerald Coast's most desirable markets.
| Elementary School | Middle School | High School |
|---|---|---|
| Van R Butler Elementary School | Emerald Coast Middle School | Destin High School |
| Price History | |
|---|---|
| 7/12/2026 | Listed $1,810,000 |
General Features
| Utilities | Electric,Public Water |
|---|---|
| Zoning | Resid Single Family |
| Property Subtype | Detached Single Family |
| Community Features | Short Term Rental - Allowed |
| County | Walton |
| Property Type | Residential |
| Subdivision Name | Blue Ohana |
| Status | Active |
| Buyer Financing | Conventional |
| Directions | Use GPS |
| High School | Destin |
| City | Miramar Beach |
| MLS Area | 15 - Miramar/Sandestin Resort |
| Lot Size Units | Acres |
| Lot Size Square Feet | 3920.4 |
| Elementary School | Van R Butler |
| Middle/Junior High School | Emerald Coast |
| MLS Area Minor | 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort |
| Standard Status | Active |
| Sewer | Public Sewer |
| Tax Assessed Value | 1200 |
| Heating | Central |
| Cooling | Central Air |
| Patio/Porch Features | Patio Covered |
| Architectural Style | Beach House |
| Construction Materials | Frame,Siding CmntFbrHrdBrd,Siding Shake |
| Year Built | 2025 |
| Stories Count | 3 |
| Tax Year | 2025 |
| New Construction | false |
| Total Rooms | 9 |
| Carport Y/N | false |
| Property Condition | Construction Complete |
| Association Fee Includes | Ground Keeping,Management |
| Pool Features | Pool - Heated,Pool - In-Ground,Pool Type |
| HOA | true |
Interior Features
| Total Baths | 8 |
|---|---|
| Interior Amenities | Breakfast Bar,Ceiling Crwn Molding,Kitchen Island,Lighting Recessed,Newly Painted,Owner's Closet,Walls Paneled,Washer/Dryer Hookup,Wet Bar,Woodwork Painted |
| Flooring | Floor Tile,Floor Vinyl |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Furnished Y/N | Furnished - All |
Exterior Features
| Lot Features | Corner,Covenants,Curb & Gutter,Sidewalk,Within 1/2 Mile to Water |
|---|---|
| Lot Size Area | 0.09 |
| Lot Dimensions | 90x46 |
| Lot Size Acres | 0.09 |
| Road Surface Type | Paved |
| Road Frontage Type | Private Road |
| Exterior Amenities | Balcony,Fenced Back Yard,Pool - Gunite Concrt,Sprinkler System |
| Fencing | Fenced Privacy |
| Foundation Details | Slab |
| Building Area Total | 3130 |
| Total Parking | 5 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32550
Price
Taxes
Year Built
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
