0 Norwood Dr Miramar Beach, FL 32550
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.
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
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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.