Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9700 Grand Sandestin Blvd, Unit 4006-4008 Miramar Beach, FL 32550

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $545,000

    Modern 2-bedroom condominium with lockout layout near Baytowne Wharf.

    Property size:
    1,304 SF

    Property Features for 9700 Grand Sandestin Blvd

    General Information

    Size
    1,304 SF

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Meghan Hall
    Source: Kw

    Listing Agent: Meghan Hall

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Modern Condominium Near Baytowne Center

    This modern condominium features 2 bedrooms and 3 bathrooms, situated on the ground floor within close proximity to the Baytowne Town Center and offering views of Choctawhatchee Bay. The unit's flexible lockout layout allows for rental options as either a 1-bedroom/studio or a 2-bedroom configuration. A private, covered balcony provides a space to enjoy bay breezes and lawn space. The interior features modern aesthetics. Residents of Bahia have access to the Grand Gardens and a pool. The Village of Baytowne Wharf offers boutique shopping, dining, art galleries, and entertainment options. This property is suited for both personal enjoyment and investment opportunities. The property has a size of 1304 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Clothing Store Gym & Fitness Wholesale Shop Skin Care Clinic Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3263812
    Latitude
    30.3925557

    Nearby Similar for Sale

    • New
      $215,000
      0.05 Acres

      Miramar Beach Motorhome Lot For Sale

      Gated motorhome community lot near the beach with pool.
      18 E Bradley St, Miramar Beach, FL 32550
      View Details
    • New
      $189,000

      Miramar Beach RV Lot with Upgrades

      Exclusive gated RV community lot near the Gulf of America.
      18 E Bradley St, Miramar Beach, FL 32550
      View Details
    • $190,000
      0.05 Acres

      Miramar Beach Gated RV Community

      Gated RV community lot near beaches, featuring custom upgrades.
      18 E Bradley St, Miramar Beach, FL 32550
      View Details
    • $7,950,000
      38,175 SF

      Prime Retail, Showroom, and Warehouse

      Rare assemblage of retail, showroom, and warehouse space for sale.
      12244 Us Highway 98 W, Miramar Beach, FL 32550
      View Details
    • $2,999,000

      Miramar Beach Commercial Property on US-98

      High-visibility commercial property on US-98 in Miramar Beach, Florida.
      12330 Miramar Beach Dr, Miramar Beach, FL 32550
      View Details
    • $895,000
      1,591 SF

      Remodeled Condo in Sandestin Resort

      Remodeled 2-bedroom condo with resort amenities and beach access.
      1 Beach Club Dr, Miramar Beach, FL 32550
      View Details
    • $550,000

      Grand Sandestin Bay View Condo

      Stunning 2-bedroom condo with flexible rental options and luxurious amenities.
      9500 Grand Sandestin Blvd, Miramar Beach, FL 32550
      View Details
    • $399,000

      Updated Condo with Bunk Room

      Ground-floor condo with updated kitchen, bunk room, and pool access.
      9600 Grand Sandestin Blvd, Miramar Beach, FL 32550
      View Details
    • $699,000

      Marina & Bay View Penthouse

      Penthouse with panoramic marina and bay views in Sandestin.
      9500 Grand Sandestin Blvd, Miramar Beach, FL 32550
      View Details
    • $519,000

      Bay View Lock-Out Condo

      Two-bedroom condo with flexible rental options and bay views.
      9500 Grand Sandestin Blvd, Miramar Beach, FL 32550
      View Details
    • $750,000

      Resort Condo with Bay Views

      Ninth-floor condo with panoramic views in Sandestin Golf & Beach Resort.
      9500 Grand Sandestin Blvd, Miramar Beach, FL 32550
      View Details
    • $495,000

      Versatile Condo in Sandestin Resort

      Two-bedroom condo with flexible layout and resort views.
      9500 Grand Sandestin Blvd, Miramar Beach, FL 32550
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Modern 2-bedroom condominium with lockout layout near Baytowne Wharf.
    Where is this short term rental property located?
    The property is located at 9700 Grand Sandestin Blvd, Unit 4006-4008 Miramar Beach, FL.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: - Flexible Lockout Layout: Unit can be used as a 1-bedroom/studio or 2-bedroom, maximizing rental potential.; - Ground Floor Unit: Offers convenience and easy access.; - Proximity to Baytowne Town Center: Short distance to shopping, dining, art galleries, and entertainment.
    Request Owner's contact information
    9700 Grand Sandestin Blvd, Unit 4006-4008 Miramar Beach, FL 32550
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9700 Grand Sandestin Blvd, Unit 4006-4008
    Miramar Beach, FL 32550
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9700 Grand Sandestin Blvd, Unit 4006-4008 Miramar Beach, FL 32550
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Meghan Hall
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.