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    244 Open Gulf St Miramar Beach, FL 32550

    For Sale
    $6,400,000

    Magnificent property with luxurious accommodations and resort-style amenities.

    Building Details

    Year built
    2024

    Source: Compass

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

    Overview

    Luxurious Emerald Coast Property

    This property, referred to as 'The Pearl,' is located on the Emerald Coast. It features 10 bedrooms with the capacity to sleep 28 or more guests. The property includes expansive kitchens suitable for entertaining. The rooftop provides resort-style amenities and panoramic views of the Gulf. Designed to be family-friendly, the property includes an 'Oasis' area with a pool. Each room is designed with a specific theme.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3492796
    Latitude
    30.3733213

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    FAQs

    What type of property is this?
    Hotel - Magnificent property with luxurious accommodations and resort-style amenities.
    Where is this hotel located?
    The property is located at 244 Open Gulf St Miramar Beach, FL.
    What is the asking price?
    The asking price for this property is $6,400,000.
    What are key features of this property?
    This property features: - Luxurious rooftop with resort-style amenities and panoramic Gulf views.; - 10 bedrooms sleeping 28+ guests.; - Expansive kitchens ideal for entertaining.
    (850) 964-6310
    Request Owner's contact information
    244 Open Gulf St Miramar Beach, FL 32550
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    Miramar Beach, FL 32550
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    Realmo Value Estimation

    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.

    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.

    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
    244 Open Gulf St Miramar Beach, FL 32550
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