1200 Scenic Gulf Dr Unit B Miramar Bch Miramar Beach, FL 32550
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.