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    1200 Scenic Gulf Dr Unit B Miramar Bch Miramar Beach, FL 32550

    For Sale
    $1,900,000

    Miramar Beach, FL Office/Retail Opportunity

    Property size:
    4,842 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional Class A commercial condo, Majestic Sun, presents a unique investment opportunity in the thriving Miramar Beach, Florida market. Located at 1200 Scenic Gulf Dr, Unit B, 32550, this 4,842 square foot property boasts two units situated on the ground floor of a single-story building within the prestigious Seascape Resort. Built in 2007 and renovated in 2022, the space is currently configured as a creative office but offers flexible zoning allowing for conversion to retail or restaurant use. Directly across from the Beaches of South Walton, this prime location benefits from exceptional visibility and access to Scenic Gulf Drive. The Seascape Resort itself encompasses 300 acres and over 2,000 feet of undeveloped beachfront, attracting millions of visitors annually, contributing significantly to the area's robust economy. The property is available for owner-user occupancy beginning October 1, 2024. This presents an opportunity to capitalize on the area's strong economic growth and high tourism rates. The asking price is $1,900,000. Active owner participation is required. Minor improvements offer potential for increased efficiency and tenant quality.

    Property Features for 1200 Scenic Gulf Dr Unit B Miramar Bch

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,842 SF
    Class
    A

    Building Details

    Year Built/Renovated
    2007/2022
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Ground floor commercial condo.
    • High‑visibility location directly across from South Walton Beaches.
    • Direct access to Scenic Gulf Drive.
    • Value‑add opportunity: potential for property improvements, tenant upgrades, and leveraging local economic growth. Active owner participation required.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3678494
    Latitude
    30.3758478

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    FAQs

    What type of property is this?
    Individual retail property - Miramar Beach, FL Office/Retail Opportunity
    Where is this individual retail property located?
    The property is located at 1200 Scenic Gulf Dr Unit B Miramar Bch Miramar Beach, FL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Ground floor commercial condo.; High-visibility location directly across from South Walton Beaches.; Direct access to Scenic Gulf Drive.
    Request Owner's contact information
    1200 Scenic Gulf Dr Unit B Miramar Bch 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
    1200 Scenic Gulf Dr Unit B Miramar Bch Miramar Beach, FL 32550
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