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158 Sandy Cay Drive, Miramar Beach, FL 32550 (MLS# 1008912)

158 Sandy Cay Drive, Miramar Beach, FL 32550

$975,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,029 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $975,000 List Date: 7/31/2026 Last Modified: 8/21/2026

Description

Turnkey Gulf Coast Investment with Proven Income! Welcome to Emerald Escape, a beautifully updated home offering the perfect combination of investment potential and coastal living. Already boasting over $108,000 in 2026 bookings with nearly half the year still remaining, this successful short-term rental is ready to continue producing income from day one. Prefer to keep it for yourself? It also makes an incredible primary residence or vacation getaway! Major updates include a new roof (2023), new front and back doors (2024), high-impact casement windows (2019), Rinnai tankless water heater (2018), HVAC (2018), brick paver driveway and front entrance (2016), and an expanded patio overlooking the fully fenced backyard. Inside you'll find crown molding throughout, stacked stone accents, fresh paint, updated ceiling fans, a beautifully remodeled primary bath with a tiled shower and whirlpool tub, an updated guest bath, and a refreshed kitchen featuring stainless steel appliances and a tile backsplash. Perfectly situated between Highway 98 and Scenic Gulf Drive, the community offers convenient access from both the north and south, placing you just minutes from the Emerald Coast's sugar-white beaches, shopping, dining, and entertainment. Whether you're searching for a high-performing vacation rental or your own slice of paradise, Paradise Retreat truly checks every box! GOLF CART IS A RENTAL AND NOT INCLUDED.

More Information MLS# 1008912

General Property Info

userdefined76: 4 Sub-Type: Detached Single Family Design: Ranch SqFt Source: County PA Records Garage: Yes Carport: No Driveway Spaces: 2 Pool: No Pool Type: None Apx SqFt(Htd/Cooled): 2029 Bedrooms: 3 Full Baths: 2 Total Bathrooms: 2 # Stories: 1 Year Built: 2004 Garage Spaces: 2 Acreage: 0.12

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 480.53 List Date: 2026-07-31 Current Price: $975,000 List Price: $975,000

Location, Tax and Legal

Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort Elementary School: Van R Butler Middle School: Bruner High School: South Walton Legal Description: Lot 4 Blk C Paradise Retreat Pb 15-72 Or 2647-2130 Or 2851- 142 Or 2857-2788 Or 2864-1517 Or 2967-2376 Or 3351-3834

Listing Info, Tax & Legal

Homestead: No Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 1260 Annual Assessment Amount: 1260 Assessment Paid: Annually New Buyer Fee: Yes New Buyer Fee Amt: 150 New Buyer Fee Paid: $ Last Taxes: 2653.08 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: Turnkey Gulf Coast Investment with Proven Income! Welcome to Emerald Escape, a beautifully updated home offering the perfect combination of investment potential and coastal living. Already boasting over $108,000 in 2026 bookings with nearly half the year still remaining, this successful short-term rental is ready to continue producing income from day one. Prefer to keep it for yourself? It also makes an incredible primary residence or vacation getaway! Major updates include a new roof (2023), new front and back doors (2024), high-impact casement windows (2019), Rinnai tankless water heater (2018), HVAC (2018), brick paver driveway and front entrance (2016), and an expanded patio overlooking the fully fenced backyard. Inside you'll find crown molding throughout, stacked stone accents, fresh paint, updated ceiling fans, a beautifully remodeled primary bath with a tiled shower and whirlpool tub, an updated guest bath, and a refreshed kitchen featuring stainless steel appliances and a tile backsplash. Perfectly situated between Highway 98 and Scenic Gulf Drive, the community offers convenient access from both the north and south, placing you just minutes from the Emerald Coast's sugar-white beaches, shopping, dining, and entertainment. Whether you're searching for a high-performing vacation rental or your own slice of paradise, Paradise Retreat truly checks every box! GOLF CART IS A RENTAL AND NOT INCLUDED.

Sale Type

Accept Backup Offers: 1

Construction Status

Construction Complete: 1

Parking Features

Garage Attached: 1

Lot/Parcel Access

City Road: 1

Lot Features

Level: 1

Project Facilities

Deed Access: 1 Gated Community: 1 Pets Allowed: 1 Short Term Rental - Allowed: 1 TV Cable: 1

Construction/Siding

Brick: 1

Utilities

Electric: 1 Gas - Natural: 1 Phone: 1 Public Sewer: 1 TV Cable: 1

Zoning

City: 1

Exterior

Fenced Back Yard: 1 Fenced Privacy: 1 Patio Open: 1 Renovated: 1

Interior

Ceiling Vaulted: 1 Floor Tile: 1 Furnished - All: 1 Lighting Recessed: 1 Owner's Closet: 1 Renovated: 1 Split Bedroom: 1

Financing

Conventional: 1 FHA: 1 VA: 1

Appliances

Auto Garage Door Opn: 1 Cooktop: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Refrigerator: 1 Refrigerator W/IceMk: 1 Smoke Detector: 1 Smooth Stovetop Rnge: 1 Stove/Oven Electric: 1 Washer: 1

Energy

AC - Central Elect: 1 Heat Cntrl Electric: 1 Insulated Doors: 1 Tinted Windows: 1 Water Heater - Gas: 1

Mstr Bdrm/Mstr Bath

MBath Double Vanity: 1 MBath Garden Tub: 1 MBath Separate Shwr: 1 MBath Whirlpool: 1 MBed Balcony: 1 MBed First Floor: 1 MBed Walk-in Closet: 1

Master Bedroom

First: 1

Bedroom

First: 1

Kitchen

First: 1

Rooms

Bedroom: 1 Dining Room: 1 Family Room: 1 Kitchen: 1 Master Bedroom: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 15 - Miramar/Sandestin Resort Street #: 158 Street Name: Sandy Cay Street Suffix: Drive State: FL Zip Code: 32550 County: Walton Project Name/Subdivision: PARADISE RETREAT Parcel ID: 30-2S-21-42790-00C-0040

Property Features

Sale Type: Accept Backup Offers Construction Status: Construction Complete Lot Features: Level Parking Features: Garage Attached Project Facilities: Deed Access; Gated Community; Pets Allowed; Short Term Rental - Allowed; TV Cable Exterior: Fenced Back Yard; Fenced Privacy; Patio Open; Renovated Interior: Ceiling Vaulted; Floor Tile; Furnished - All; Lighting Recessed; Owner's Closet; Renovated; Split Bedroom Appliances: Auto Garage Door Opn; Cooktop; Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Refrigerator W/IceMk; Smoke Detector; Smooth Stovetop Rnge; Stove/Oven Electric; Washer Utilities: Electric; Gas - Natural; Phone; Public Sewer; TV Cable Energy: AC - Central Elect; Heat Cntrl Electric; Insulated Doors; Tinted Windows; Water Heater - Gas Master Bedroom: First Bedroom: First Kitchen: First Rooms: Bedroom; Dining Room; Family Room; Kitchen; Master Bedroom Financing: Conventional; FHA; VA

Room Information

Family Room Level: First Dimensions: 19 x 11 Length: 19.00 Width: 11.00 Dimensions: 19 x 11 Dining Room Level: First Dimensions: 16 x 12 Length: 16.00 Width: 12.00 Dimensions: 16 x 12 Master Bedroom Level: First Dimensions: 17 x 13 Length: 17.00 Width: 13.00 Dimensions: 17 x 13 Bedroom Level: First Dimensions: 12 x 11 Length: 12.00 Width: 11.00 Dimensions: 12 x 11 Bedroom Level: First Dimensions: 12 x 11 Length: 12.00 Width: 11.00 Dimensions: 12 x 11 Kitchen Level: First Dimensions: 19 x 12 Length: 19.00 Width: 12.00 Dimensions: 19 x 12
Listing Office: Keller Williams Realty Destin
Listing Agent: Crystal D Ragan-Kotulak
Last Updated: August - 21 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.