122 Stewart Lake Cove #UNIT 278, Miramar Beach, FL 32550
Local realty services provided by:ERA American Real Estate
122 Stewart Lake Cove #UNIT 278,Miramar Beach, FL 32550
$599,000
- 3 Beds
- 3 Baths
- 1,546 sq. ft.
- Condominium
- Active
Listed by: scott martineau
Office: re/max coastal properties
MLS#:973196
Source:FL_ECAR
Price summary
- Price:$599,000
- Price per sq. ft.:$387.45
About this home
Value-add opportunity in the heart of Seascape Resort. This 3-bedroom, 2-bath, 1,546 sq ft residence at 122 Stewart Lake Cove offers two private balconies with lake and Gulf views, steps from the beach and Seascape's amenities. Open living area, split-bedroom layout, and in-unit laundry. Priced to reflect condition, this is an honest, numbers-first listing for the buyer who sees potential rather than one who wants a staged illusion. A licensed local contractor, Destination Builders Group LLC (Lic. CGC1517400), has already scoped a full bathroom renovation at approximately $42,000, giving buyers a real, quoted path to updating the home rather than a guess. The identical floorplan next door, Unit 279, sold for $664,000 in July 2025 in better cosmetic condition, real documented upside for a buyer ready to execute. New HVAC installed June 2025 removes a major capital item from any renovation budget. Verified rental income history (host payout statements, 2024 through 2026) available on request for investor buyers evaluating cash flow and post-renovation projections. Nearby Grove redevelopment adds long-term neighborhood upside. Seascape Resort offers golf, tennis, resort-style pools, and deeded beach access. Sellers are motivated and realistic about condition, and this listing is built on full transparency: what you see is what you get, and the numbers hold up under scrutiny. Bring your vision, the math already works here. Schedule your showing today. The Property: 3 bed/2 bath, 1,546 sq ft, two private balconies with lake and Gulf views, in the heart of Seascape Resort -- one of Miramar Beach's most established gated communities, with deeded beach access, golf, tennis, and resort-style pools.
The Condition: This unit needs cosmetic updating -- recent showing feedback confirmed as much, and we're not pretending otherwise. What it also has is a licensed contractor's scoped bid in hand: Destination Builders Group LLC (Lic. CGC1517400) has quoted a full bathroom renovation at approximately $42,000, or a minimal primary-bath-only scope at $10,788 if your buyer wants just the essential fix. That bid is available for your buyer's review.
The Comp: Unit 279, the identical floorplan two doors down, sold for $664,000 in July 2025 -- in noticeably better cosmetic condition than this unit. That gap is the opportunity: a buyer who executes the renovation is working from a real, verified ceiling, not a hopeful one.
The Income: For investor buyers, we have three years of verified host payout statement income -- $73,811 (2024), $55,262 (2025), and 2026 tracking flat with 2025 through actuals plus confirmed bookings. New HVAC installed June 2025 removes one major capital item from any renovation budget. Full underwriting package, including post-renovation income projections, available on request.
The Sellers: Motivated, realistic, and easy to work with. This is a listing where full transparency works in your buyer's favor -- we'd rather you know the real numbers now than find a surprise in due diligence....
Contact an agent
Home facts
- Year built:1985
- Subdivision & Development:SEASCAPE CONDO PH 7
- Listing ID #:973196
- Added:568 day(s) ago
- Updated:October 28, 2026 at 07:24 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:5
- Kitchen Description:Cooktop, Dishwasher, Microwave, Refrigerator, Stove/Oven Electric
- Living area:1,546 sq. ft.
Heating and cooling
- Central air:Yes
Structure and exterior
- Year built:1985
- Building area:1,546 sq. ft.
- Exterior Features:Balcony
Schools
- High school:South Walton
- Middle school:Emerald Coast
- Elementary school:Van R Butler
Utilities
- Water:Public Water
Finances and disclosures
- Price:$599,000
- Price per sq. ft.:$387.45
- Tax amount:$5,449 (2024)
Features and amenities
- Appliances:Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer
- Laundry features:Dryer, Washer
- Amenities:Kitchen Island
New listings near 122 Stewart Lake Cove #UNIT 278
- New
$365,000Active3 beds 3 baths1,456 sq. ft.42 Sandy Cove Way, Santa Rosa Beach, FL 32459
MLS# 1014361Listed by: WORLD IMPACT REAL ESTATE - Open Wed, 2 to 4pmNew
$715,000Active3 beds 2 baths1,631 sq. ft.8513 Turnberry Court #8513, Miramar Beach, FL 32550
MLS# 1014320Listed by: RESORT REAL ESTATE GROUP LLC - New
$849,000Active2 beds 2 baths1,207 sq. ft.9011 W Us Highway 98 #C-602, Miramar Beach, FL 32550
MLS# 1014321Listed by: THE AGENCY NORTHWEST FLORIDA BEACHES - Open Thu, 11am to 2pmNew
$2,380,000Active5 beds 6 baths3,061 sq. ft.1145 Troon Drive, Miramar Beach, FL 32550
MLS# 1014327Listed by: THE AGENCY NORTHWEST FLORIDA BEACHES
$2,775,000Pending8 beds 8 baths3,768 sq. ft.310 S Holiday Road, Miramar Beach, FL 32550
MLS# 1014305Listed by: MAINSAIL REALTY COMPANY- New
$3,999,999Active4 beds 5 baths6,612 sq. ft.3279 Burnt Pine Lane, Miramar Beach, FL 32550
MLS# 1013063Listed by: THE AGENCY NORTHWEST FLORIDA BEACHES - New
$590,000Active2 beds 2 baths1,313 sq. ft.1096 Scenic Gulf Drive #UNIT 512, Miramar Beach, FL 32550
MLS# 1014284Listed by: REALTY ONE GROUP EMERALD COAST - New
$849,000Active2 beds 2 baths1,177 sq. ft.4024 Beachside One Drive #4024, Miramar Beach, FL 32550
MLS# 1014288Listed by: THE AGENCY NORTHWEST FLORIDA BEACHES - New
$325,000Active1 beds 2 baths857 sq. ft.9600 Grand Sandestin Boulevard #UNIT 3109, Miramar Beach, FL 32550
MLS# 1014290Listed by: KELLER WILLIAMS REALTY SRB - New
$949,900Active4 beds 3 baths2,156 sq. ft.41 Topaz Cove, Miramar Beach, FL 32550
MLS# 1014277Listed by: CRYSTAL WATERS REALTY INC