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$1,810,000

7 Beds 7 / 1 Full / Half Baths 3,130 SQFT 0.09 Acres
Type: Single Family

20 N Payne Street
Miramar Beach, FL 32550

MLS#: 1007479
Brandon Hubbard
Brandon Hubbard
Brett/Robinson | Florida Real Estate
Phone: 251.269.0311
Office: 251.981.6180
Presented by: Beach House Sales and Development

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.


 

Interior Features

Bathrooms

Total Baths8

Other Interior Features

Air Conditioning Y/NYes
FlooringFloor Tile, Floor Vinyl
Furnished Y/NFurnished - All
Heating Y/NYes
Interior AmenitiesBreakfast Bar, Ceiling Crwn Molding, Kitchen Island, Lighting Recessed, Newly Painted, Owner's Closet, Walls Paneled, Washer/Dryer Hookup, Wet Bar, Woodwork Painted

General

Architectural StyleBeach House
Association Fee IncludesGround Keeping, Management
Buyer FinancingConventional
Carport Y/NNo
CityMiramar Beach
Community FeaturesShort Term Rental - Allowed
Construction MaterialsFrame, Siding CmntFbrHrdBrd, Siding Shake
CoolingCentral Air
CountyWalton
DirectionsUse GPS
Elementary SchoolVan R Butler
HOAYes
HeatingCentral
High SchoolDestin
Lot Size Square Feet3,920 sqft
Lot Size UnitsAcres
MLS Area15 - Miramar/Sandestin Resort
MLS Area Minor1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
Middle/Junior High SchoolEmerald Coast
New ConstructionNo
Patio/Porch FeaturesPatio Covered
Pool FeaturesPool - Heated, Pool - In-Ground, Pool Type
Property ConditionConstruction Complete
Property SubtypeDetached Single Family
Property TypeResidential
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count3
Subdivision NameBlue Ohana
Tax Assessed Value$1,200
Tax Year2025
Total Rooms9
UtilitiesElectric, Public Water
Year Built2025
ZoningResid Single Family

Exterior

Building Area Total3,130 sqft
Exterior AmenitiesBalcony, Fenced Back Yard, Pool - Gunite Concrt, Sprinkler System
FencingFenced Privacy
Foundation DetailsSlab
Lot Dimensions90x46
Lot FeaturesCorner, Covenants, Curb & Gutter, Sidewalk, Within 1/2 Mile to Water
Lot Size Acres0.09
Lot Size Area0 sqft
Road Frontage TypePrivate Road
Road Surface TypePaved
Total Parking5

Additional Details

Price History

Schools 

Middle School Emerald Coast Middle School
Elementary School Van R Butler Elementary School
High School Destin High School

  

Similar Properties

$1,810,000

7 Beds 7 / 1 Full / Half Baths 3,130 SQFT 0.09 Acres
Type: Single Family

20 N Payne Street
Miramar Beach, FL 32550

MLS#: 1007479
Brandon Hubbard
Brandon Hubbard
Brett/Robinson | Florida Real Estate
Phone: 251.269.0311
Office: 251.981.6180