56 Payne Street

Off Market

56 Payne Street

Miramar Beach FL 32550

54450 sq. ft.

Land

Last sold for $2,000,000

Bruce Baker, last sold this property on 18 June 2025 after 15 days on market.

Overview

DEVELOPERS ====>>> Prime Infill Development Opportunity – 1.25 Acres just one block from the sugar-white sands of the Gulf, this rare 1.25-acre parcel in Walton County (Miramar) offers an exceptional opportunity for infill development. Zoned for residential use and, per county guidance, likely eligible to be subdivided into up to eight buildable lots, this property is a dream for developers looking to capitalize on strong demand for coastal living. Per the seller, natural gas is available, allowing you to tap into those buyers who prefer to cook with gas, and sewer is available along Payne Street as well. Whether you envision a collection of luxury coastal homes, vacation rental cottages, or a private residential enclave, this parcel offers the size, location, and flexibility to bring your vision to life. With utilities nearby and favorable zoning, it’s a rare opportunity to build in one of the most desirable areas on the Emerald Coast. Ideally situated between the Gulf of Mexico and Choctawhatchee Bay, the location offers easy access to multiple public beach access points, boat launches, and bayfront parks. Nearby are top-tier shopping, dining, and entertainment options at Grand Boulevard, Destin Commons, and Silver Sands Premium Outlets. Scenic Highway 30A is just minutes away, with its boutique shops, art galleries, and charming beach towns. The Destin-Fort Walton Beach Airport (VPS) is also within easy reach, adding convenience for future residents and vacationers. ===>>Structures on the property, though believed to be in good condition, are given zero value.

Features

54450 sq. ft. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Miramar Beach over the last 12 months, the estimated median property value of 56 Payne Street is $647k.

Median value

$647k

Estimated value range

$180k - $5.05m

Median days on market

Estimated value trend

37%

increase 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.

Property history for 56 Payne Street

2025

Sold

$2,000,000

18 Jun 2025 by Bruce Baker, of RE/MAX INFINITY

Happy sellers in Miramar Beach

89%

89% of sellers in Miramar Beach reported that their sale price either exceeded or met their price expectations.

Miramar Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 14 reviews in Miramar Beach over the last 12 months.

Local market activity for land plots in Miramar Beach

In the last 12 months, 35 land plots similar to 56 Payne Street, have been sold.

This represents a 40% decrease in land plots sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Miramar Beach for a market analysis.

Jennifer Crawford

at KELLER WILLIAMS REALTY EMERALD COAST

(20 reviews)

Get a market analysis

Michael Bell

at Paradise Property Brokers Inc

(5 reviews)

Get a market analysis

Debbie Bell

at Sandestin Real Estate

(4 reviews)

Get a market analysis

Tresha Brown

at LPT Realty LLC

(4 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Miramar Beach

Jennifer Crawford

Jennifer Crawford is an award winning recommended agent for Miramar Beach. They have 8 local sales and collected 5 local reviews across the last 12 months.