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

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    • Retail properties & Spaces
    • 4,842 SF
    Off-Market

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1200 Scenic Gulf Dr Unit B Miramar Bch

    Year built
    2007
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3679
    Latitude
    30.3758
    More about this property
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