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    Norwood Dr Miramar Beach, FL 32550

    Sponsored
    For Sale
    $995,000

    Prime Miramar Beach residential lot, build your dream home!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.22-acre residential lot in Miramar Beach, Florida, presents a unique opportunity to build your dream home or a lucrative short-term vacation rental. Located just south of Scenic Gulf Drive, this property boasts a coveted location within walking distance of the stunning sugar-white sandy beaches and emerald green waters of the Gulf of Mexico. Enjoy proximity to the vibrant amenities of Silver Sands Premium Outlets, offering a blend of convenience and coastal living. A private adjacent boardwalk provides easy beach access. The property is zoned R-2 and features city water and sewer availability. Short-term rentals are permitted, eliminating HOA fees. The lot's building footprint, according to the survey, may be up to 45' x 97'. The property is designated as Flood Zone "X". This combined lot (APN: 33-2S-21-42760-000-0030) is offered at $995,000. All information should be independently verified by the buyer. This is an exceptional opportunity to own a piece of paradise in Miramar Beach.

    Property Features for 0 Norwood Dr

    General Information

    Property type
    Land
    Lot Size
    9,583 SF

    HighLights

    • Prime location for short‑term rental investment.
    • Excellent visibility and high traffic counts, ideal for attracting guests.
    • Strong potential for high occupancy rates and rental income.
    • Nearby attractions and amenities enhance property appeal.
    • Competitive market with high demand for vacation rentals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.350082621298
    Latitude
    30.375455474827

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    FAQs

    What type of property is this?
    Land - Prime Miramar Beach residential lot, build your dream home!
    Where is this land located?
    The property is located at Norwood Dr Miramar Beach, FL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Prime location for short-term rental investment.; Excellent visibility and high traffic counts, ideal for attracting guests.; Strong potential for high occupancy rates and rental income.
    (770) 861-2966
    Request Owner's contact information
    Norwood Dr 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
    Norwood Dr Miramar Beach, FL 32550
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