20 N Payne Street, Miramar Beach, FL 32550

Miramar Beach
Local realty services provided by:ERA American Real Estate
20 N Payne Street,Miramar Beach, FL 32550
$1,810,000
  • 7 Beds
  • 8 Baths
  • 3,130 sq. ft.
  • Single family
  • Active
Listed by: alexander d lamberson
Office: beach house sales and development
MLS#:1007479
Source:FL_ECAR

Price summary

  • Price:$1,810,000
  • Price per sq. ft.:$578.27

About this home

The current property management company is offering a $170,000 rental income guarantee for 2027, providing a compelling opportunity for investors seeking both immediate cash flow and downside protection. Welcome to 16 Blue Ohana Court in Miramar Beach, a fully furnished and turnkey 7-bedroom, 7.5-bath luxury vacation rental designed for strong short-term rental performance and immediate income generation. This spacious three-story home comfortably sleeps up to 22 guests and is being sold completely rental-ready, including a brand-new 6-seat street-legal golf cart, allowing for a seamless transition for any investor. The property already has over $130,000 in bookings secured for 2026 and is projected to finish the year at approximately $170,000 in rental income despite a delayed start in late February, with projected revenue for 2027 estimated between $190,000 and $210,000. The home is purpose-built to maximize occupancy and revenue, featuring five king suites with private bathrooms...

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Home facts

  • Year built:2025
  • Listing ID #:1007479
  • Added:7 day(s) ago
  • Updated:July 20, 2026 at 02:46 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:8
  • Full bathrooms:7
  • Half bathrooms:1
  • Rooms Total:9
  • Kitchen Description:Dishwasher, Ice Machine, Microwave, Range Hood, Refrigerator, Refrigerator/Icemaker, Stove/Oven Electric
  • Living area:3,130 sq. ft.

Heating and cooling

  • Central air:Yes

Structure and exterior

  • Year built:2025
  • Building area:3,130 sq. ft.
  • Lot area:0.09 Acres
  • Lot Features:Corner, Covenants, Curb & Gutter, Sidewalks
  • Architectural Style:Beach House
  • Exterior Features:Balcony, Fenced Area, Sprinkler System

Schools

  • High school:Destin
  • Middle school:Emerald Coast
  • Elementary school:Van R Butler

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$1,810,000
  • Price per sq. ft.:$578.27
  • Tax amount:$824 (2025)

Features and amenities

  • Appliances:Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Refrigerator w/Ice Maker, Stove/Oven Electric, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Breakfast Bar, Kitchen Island, Wet Bar
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