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$1,690,000

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 5 Full Baths
  • 2,826 Sq. Ft.
  • Updated 12 days ago
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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.

Full Property Details for 261 Open Gulf St

General

  • Price: $1,690,000
  • Taxes: $12,351 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Emerald_Coast
  • MLS ID: 998676
  • Updated: 5/21/2026
  • Added to Site: 72 day(s) ago

Interior

  • Number of Rooms: 10
  • Interior Features: Breakfast Bar, Lighting Recessed, Owner's Closet, Washer/Dryer Hookup, Woodwork Painted
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Washer, Water Heater - Elect
  • Furnishings: Furnished - All

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Pool: Yes
  • Pool Description: Pool - Above Ground, Pool - In-Ground, Pool Type

Exterior

  • Exterior Features: Balcony, BBQ Pit/Grill, Pool - Gunite Concrt

Location

  • Area: 15 - Miramar/Sandestin Resort
  • County: Walton
  • Subdivision: BUENA VISTA
  • Driving Directions: FROM HWY 98 TURN SOUTH ONTO OPEN GULF STREET (JUST BEFORE MAINSAIL) CONTINUE DOWN TO THE BEACH AND FOLLOW AROUND YOU WILL BE STRAIGHT INTO THE DRIVEWAY.

School Information

  • Elementary School: Van R Butler
  • Middle School: Emerald Coast
  • High School: South Walton

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fans
  • Heating Type: Central
  • Heating/Cooling: Central, Ceiling Fans

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electric, Public Water

Structural Information

  • Architectural Style: Contemporary
  • Construction: Foundation Off Grade, Frame, Siding Vinyl, Siding Wood, Trim Vinyl
  • Exterior Const.: Foundation Off Grade, Frame, Siding Vinyl, Siding Wood, Trim Vinyl
  • Stories/Levels: 3
  • Square Feet: 2,826
  • Sq. Ft. Source: Agent-Measured
  • Year Built: 2003

Lot Features

  • Property View: Gulf
  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,920.4
  • Lot Dimensions: 50 x 86
  • Street/Road Desc.: Paved
  • Lot Features: Corner, Dead End, Flood Insurance Req, Interior, Irregular, Level, Within 1/2 Mile to Water
  • Zoning: Resid Single Family

Water Features

  • Water View: Yes

Financial Considerations

  • Tax Amount: $12,351.57
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: Lot 1 Buena Vista S/D Pb 9-8 Or 1885-377 Or 2362??922 Or 2790-2802 Or 2849-4862 Or 2837-198 Or 2851-3546 Or 3214-4509
  • APN: 33-2S-21-42520-000-0010
  • Property ID: 33-2S-21-42520-000-0010

Listed by Century 21 Wimco Realty Inc

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Listing agent

— 261 Open Gulf St —

  • Century 21 Wimco Realty Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 261 Open Gulf St

School District:Walton County School District
NameGradesDistance
Van R. Butler Elementary School
6694 West County Highway 30A, Santa Rosa Beach, FL 32459
K-55.3 mi
Emerald Coast Middle School
4019 US Highway 98 East, Santa Rosa Beach, FL 32459
6-814.2 mi
South Walton High School
645 Greenway Trail, Santa Rosa Beach, FL 32459
9-1210.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 261 Open Gulf St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/23/2026
Listed
$1,690,000
5.62%
MLS
9/01/2021
Sold
$1,600,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 261 Open Gulf St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,334
—
$1,366,973
-10%
2024
$13,334
5%
$1,515,942
-1%
2023
$12,684
90%
$1,525,466
109%
2021
$6,669
-38%
$729,814
-37%
2022
$10,800
62%
$1,165,384
70%
2021
$6,669
12%
$685,469
28%
2019
$5,975
22%
$536,382
10%
2018
$4,894
6%
$487,620
-1%
2017
$4,638
4%
$491,144
1%
2016
$4,454
20%
$484,247
32%
2015
$3,724
-2%
$366,356
—
2014
$3,788
-1%
$367,495
—
2013
$3,812
—
$367,495
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Century 21 Wimco Realty Inc

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261 Open Gulf Street, Miramar Beach, FL 32550 (MLS# 998676) is a Single Family property with 6 bedrooms and 5 full bathrooms. 261 Open Gulf Street is currently listed for $1,690,000 and was received on March 23, 2026. Want to learn more about 261 Open Gulf Street? Do you have questions about finding other Single Family real estate for sale in Miramar Beach? You can browse all Miramar Beach real estate or contact a Coldwell Banker agent to request more information.

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