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257 Driftwood Road Unit 20, Miramar Beach

$913,250

The ONLY 5-Bedroom Home Priced Under $1,000,000 in Miramar Beach South of Hwy 98! Over $65K in rental income on the books with 6 months left in 2026! Opportunities like this rarely hit the market. Proven rental income, superior construction, over 2,600 square feet of living space, low HOA dues, heated community pool, and beach access right down the street all combine to make Driftwood Townhomes Unit 20 a value that's almost impossible to find. Built in 2017, this fully furnished luxury townhome offers the space of a single-family home with the convenience of HOA-provided lawn and pool care. True craftsmanship is evident throughout, featuring nine-foot ceilings with crown molding, natural oak hardwood floors, porcelain tile, 8' baseboards, impact-rated windows, Trex decking, and durable fiber-cement construction. Engineered to comfortably accommodate up to 12 guests, the smart three-story layout maximizes space and flow. The first floor features a spacious king bedroom, custom built-in bunk room, full bath, private grill patio, the first of two washer/dryers, and the attached two-car garage with tile floor and insulated garage door. The second floor is an entertaining hub flooded with natural light, boasting an expansive open living area, a chef's kitchen with custom cabinetry, granite countertops, stainless appliances, an oversized wood island table, and a guest bedroom with a private balcony and shared bath. The third level serves as an owner's sanctuary, featuring a sprawling primary suite with a huge walk-in closet, a deep garden tub, and an oversized double-head shower. The third level also has another bedroom, en-suite bath, as well as the second washer/dryer set. The coastal-inspired furnishings throughout the home will convey to the new buyer. This high-capacity, luxury design is exactly why the numbers are so compelling for investors. While the property grossed over $62,000 in 2025, that figure reflects heavy owner usage during peak holiday weeks. 2026 already has over $65K on the books and there are still plenty of open days that will get booked in the remaining 6 months of the year. The rental manager has exceptional Airbnb reviews and would be happy to continue managing, providing immediate bookings and income. Additionally, the quarterly HOA dues are remarkably low at only $1,000/quarter. This efficiently covers lawn maintenance, trash, and the heated community pool, which keeps vacationers happy and profits strong. That exceptional income potential is driven by a fantastic coastal location. Unit 20 sits as the closest unit to the shore in the entire complex! It is only about 0.2 miles from the sugar-white sands of the Miramar Beach Regional Access by Pompano Joe's. This prime location places the property just minutes from world-class shopping at Silver Sands Premium Outlets, upscale dining and entertainment at Grand Boulevard and the Village of Baytowne Wharf, and top-rated coastal attractions along the coast. Offering the ultimate combination of size, location, builder quality, and cash-flow potential, Unit 20 represents a top tier investment in Miramar Beach. Schedule your showing today. A video tour is also available.

5 Beds ⋅ 4 Baths ⋅ 1006783 MLS

257 Driftwood Road Unit 20, Miramar Beach

257 Driftwood Rd Unit # 16, Miramar Beach

$725,000

INVESTORS! ✅ 3 Blocks to the Beach ✅ $100K+ Income Potential ✅ Rare Private Garage. This modern 4BR/4BA Miramar Beach townhome offers what investors want most—location, income, and upside. Just a short walk to the Gulf, this property delivers exceptional rental potential with flexible sleeping setups, quality finishes, and strong guest appeal. Add a game room, sleep 12, and watch bookings soar. Low HOA fees, impact windows, community pool, and unbeatable proximity to Pompano Joe's public beach access. High demand, low supply—this is the one to own. Invest Smart at 257 Driftwood Rd #16 a modern, income-producing townhome just three blocks from Miramar Beach's world-class shoreline. Designed for investors focused on cash flow and long-term appreciation, this 4BR/4BA, 2,018 sq ft property offers the rare combination of size, versatility, and a private garage. Sold unfurnished, it's a blank canvas ready for your design vision. Convert the first-floor bedroom into a game room or media suite that grabs attention in your rental photos. Reconfigure the upper bedrooms with bunks and a sleeper sofa to comfortably sleep up to 12 guestsa setup proven to generate $100K+ annually based on nearby comps. High-quality finishes throughoutoak hardwood floors, porcelain tile, custom maple island, soft-close cabinetry, crown molding, impact-rated windows and doors, and a metal roof. The community pool is just steps away, and the Pompano Joe's Regional Beach Access #49 is a short stroll, offering restrooms, showers, lifeguards, and one of Walton County's widest stretches of public beach. Guests love the walkable location near restaurants, coffee shops, and entertainmentdriving higher occupancy, stronger reviews, and repeat bookings. With low HOA fees, solid construction, and consistent rental demand, this property checks every box for investors, 1031 exchangers, or second-home buyers looking to build wealth while renters pay the mortgage. Highlights: 4 BR / 4 BA | 2,018 sq ft $100K+ potential annual income Private garage (rare for this area) Steps to the community pool 3 blocks to beach access with lifeguards & restrooms Proven rental corridor in Miramar Beach Low HOA fees, impact windows, brick paver drive Whether you're expanding a portfolio, completing a 1031 exchange, or searching for a high-performing vacation rental, 257 Driftwood #16 offers the perfect blend of lifestyle, location, and leveraged wealth building on Florida's Emerald Coast.

4 Beds ⋅ 4 Baths ⋅ 988336 MLS

257 Driftwood Rd Unit # 16, Miramar Beach