Miramar Beach, FL 32550
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Contact Nikita Korkh about this property!

Property Details
Welcome to Rustic Retreat--a proven rental powerhouse with serious income potential and charm to spare. With $126,074 in rental income for 2023 and $101,200 for 2024, plus 100 glowing five-star reviews, this fully furnished coastal gem isn't just a vacation home--it's a high-performing investment in one of the most desirable spots along the Emerald Coast.Tucked inside the gated Paradise Retreat community, this 3-bedroom, 2-bath beach home maximizes space and style across 1,586 square feet--and comfortably sleeps up to 14 guests thanks to a smart bunk room conversion. Inside, the open floor plan flows effortlessly from a remodeled kitchen to a cozy living space ideal for relaxing or entertaining. Enjoy the upgraded breakfast bar, dry bar, and a thoughtfully designed interior that blends comfort and functionality. The oversized primary suite is a standout with upgraded tile, stone finishes, and a walk-through bunk area that adds both versatility and extra sleeping capacity.
Step outside to your own private oasiscomplete with a heated saltwater pool featuring a lounging shelf and splash pad, surrounded by swaying hammocks and lush landscaping. Fire up the grill in the outdoor kitchen, or unwind with a drink in hand while the kids splash and play. There's also a garage and ample parking, making guest stays easy and convenient.
Best of all? You're less than half a mile from the beach with 320 feet of private, deeded accessplus top-rated restaurants, shopping, and entertainment just minutes away. Whether you're looking for a second home, short-term rental investment, or both, 187 Sandy Cay Dr checks all the boxes.
COUNTY | Walton |
SUBDIVISION | PARADISE RETREAT |
PARCEL ID | 30-2S-21-42790-00B-0060 |
TYPE | Detached Single Family |
STYLE | Beach House |
ACREAGE | 0 |
LOT ACCESS | County Road,Paved Road |
LOT SIZE | 50 x 129 |
HOA INCLUDE | Accounting,Ground Keeping,Land Recreation |
HOA FEE | 1361.00 (Annually) |
UTILITIES | Electric,Public Sewer,Public Water |
PROJECT FACILITIES | Beach,Deed Access,Gated Community,Short Term Rental - Allowed |
ZONING | County,Resid Single Family |
PARKING FEATURES | Garage |
APPLIANCES | Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Stove/Oven Electric,Washer,Wine Refrigerator |
ENERGY | AC - Central Elect,Heat Cntrl Electric,Water Heater - Elect |
INTERIOR | Breakfast Bar,Ceiling Vaulted,Floor Tile,Floor Vinyl,Furnished - All,Lighting Recessed,Owner's Closet,Pantry,Renovated,Window Treatment All |
EXTERIOR | BBQ Pit/Grill,Fenced Back Yard,Pool - Heated |
ROOM DIMENSIONS | Living Room : 22 x 14 Master Bedroom : 17 x 13 Kitchen : 11 x 10 Garage : 20 x 20 Bedroom : 12 x 11 |
Schools
Location & Map
Heading East on Hwy 98, turn south onto Sandy Cay Drive. Enter through gate and follow curve on Sandy Cay to the left, home will be on your left.