261 Open Gulf Street

Miramar Beach FL 32550

2826 sq. ft.

3920.4 sq. ft.

Single-Family

Last sold for $1,690,000

Ethan Knight, last sold this property on 18 August 2026 after 147 days on market.

Overview

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 (Equisource Holdings dba Legacy Beach Homes) 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. Seller will make all reasonable efforts to facilitate the transfer of future 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.

Features

6 bedrooms

5 bathrooms

4 carspaces

2826 sq. ft. floor area

3920.4 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 6 bedroom single-family properties sold in Miramar Beach over the last 12 months, the estimated median property value of 261 Open Gulf Street is $1.99m.

Median value

$1.99m

Estimated value range

$1.13m - $6.3m

Median days on market

111

Estimated value trend

-67%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Miramar Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.