257 Driftwood Road 10
Miramar Beach, FL 32550
$915,000
NEW LISTING Active
Description
The ONLY 5-Bedroom property priced under $995,000 South of Hwy 98 in Miramar Beach and Destin! Offering unmatched value, substantial cash-flow upside, and lean operating costs, Driftwood Townhomes Unit 10 is an exceptional turnkey short-term rental or coastal family retreat.
The revenue figures make this an investor's dream: the property has grossed just under $90,000 annually even with owner usage, while professional management projections reach $130,000. Operating overhead is remarkably low to protect your bottom line. Situated in desirable Flood Zone X, the home features modern construction with impact-rated windows, durable fiber-cement siding, and Trex decking, offering long-term durability and the potential for maximum wind mitigation insurance discounts.
Combined with remarkably low HOA dues of just $1,000 per quarter -- covering lawn care and the heated community pool -- net cash flow remains strong.
Spanning over 2,600 square feet across three stories, this fully furnished luxury residence provides the scale and privacy of a single-family home, engineered to comfortably accommodate up to 14 guests. Quality finishes include 9-foot ceilings with crown molding, natural oak hardwood flooring, porcelain tile, and 8-inch baseboards.
Listing details MLS# 1014074
Location, Tax and Legal
- Area
- 15 - Miramar/Sandestin Resort
- Sub area
- 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
- Subdivision
- DRIFTWOOD DRIVE TOWNHOMES
- County
- Walton
- Parcel ID
- 30-2S-21-42950-000-0100
- Tax year
- 2025
- Annual tax
- 7653.69
- Legal description
- UNIT 10 DRIFTWOOD DRIVE TOWNHOMES PB 17-95 OR 2805-3314 OR 2822-3935 OR 2935-2664 OR 3010-2941 OR 3064-2519 OR 3184-1321
- Zoning
- Resid Multi-Family
General Property Info
- Property type
- Residential
- Year built
- 2017
- Acreage
- 0.03
- Lot size (sq ft)
- 1306.8
- New construction
- No
- Condition
- Construction Complete
Interior
- Bedrooms
- 5
- Bathrooms
- 4
- Full baths
- 4
- Half baths
- 0
- Building area
- 2610
- Heating
- Central
- Cooling
- Ceiling Fans, Central Air
- Flooring
- Floor Hardwood, Floor Tile
- Interior features
- Breakfast Bar, Ceiling Crwn Molding, Kitchen Island, Lighting Recessed, Newly Painted, Owner's Closet, Washer/Dryer Hookup
- Appliances
- Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Washer, Water Heater - Elect
- Total rooms
- 15
Exterior and Site
- Construction
- Siding CmntFbrHrdBrd
- Roof
- Roof Shingle/Shake
- Exterior features
- Balcony, Sprinkler System
- Patio and porch
- Patio Open
- Parking
- Garage, Guest
- Garage spaces
- 2
- Pool
- No
- Pool features
- Pool - Heated, Pool Type
- Fencing
- Fenced Lot-Part
- Road surface
- Paved
- Road frontage
- County Road
Utilities
- Utilities
- Electric, Public Water
- Sewer
- Public Sewer
Schools
- Elementary
- Van R Butler
- Middle school
- Emerald Coast
- High school
- South Walton
Association and Fees
- Association
- Yes
- Fee includes
- Ground Keeping, Land Recreation, Recreational Faclty, Trash
Remarks and Misc
- Directions
- From 98, turn south on Driftwood Rd. Turn right at Driftwood Townhomes. Unit 10 is the one closest to the pool.
