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For sale
  • Price cut: $150K (10/14)
    $4,650,000

    20 Sandy Beach Rd, Miramar Beach, FL 32550

    9beds
    4,090sqft
    : 
    Single Family Residence
    Built in 1996
    0.56 Acres Lot
    $4,113,600 Zestimate®
    $1,137/sqft
    $-- HOA

    What's special

    Private poolKing master suitesBreathtaking gulf viewsBeachfront estateRelaxed functional layoutComfortable seatingExpansive gulf views
    Seaspray: Gulf-Front Investment Opportunity Welcome to Seaspray, a spacious nine-bedroom beachfront estate located on over half an acre in beautiful Miramar Beach. This property is ideal for large family reunions or as a lucrative investment opportunity, with an impressive rental income potential of $300K annually. With a private pool and breathtaking Gulf views, Seaspray captures the essence of coastal living.Main House: The six-bedroom, five-and-a-half-bathroom main residence offers a relaxed, functional layout for entertaining and vacationing: The first floor includes four bedroom suites, each with private bathrooms. These rooms range in style and feature two King Master Suites with views of the pool and Gulf, along with another King Suite and a children's bunk room with queen bunks and a queen trundle. Upstairs, the open living area provides expansive Gulf views through large windows. This space includes a vaulted ceiling, comfortable seating, a dining area for eight, and a practical kitchen with two refrigerators and two dishwashersperfect for preparing meals for a crowd. Additional sleeping spaces on this floor include another King Master Suite and a guest room with queen bunks. Guest Cottage: The charming guest house includes three bedrooms and two bathrooms: On the first floor, you'll find a King Master Suite with access to a full hall bathroom and an open living area connected to the kitchen and dining space. Upstairs, two Queen Guest Bedrooms share a full bathroom, offering privacy and comfort for additional guests. Upgrades & Features: The property includes several recent updates for added convenience: Trex decking and a pool deck remodel (2021) New roofs (Main House: 2016, Cottage: 2023) Tile flooring in the Cottage (2022) Updated kitchens (2020), including built-in media-ready queen bunks installed in 2019 Additional Highlights: Located on a private drive (Sandy Beach Road), with verified legal documentation ensuring privacy and towing for unauthorized parking. Ownership extends to the mean high water mark, with supporting documentation available, offering significant Gulf-front property rights. Seasonal beach service with three complimentary setups provides easy access to the stunning shoreline. Endless Potential: Seaspray offers an exceptional opportunity as both a vacation retreat and an income-generating property. Its prime location, ample space, and desirable features make it an investment worth considering for those seeking to enjoy or profit from the Gulf Coast lifestyle.
    253 days
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    724
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    36
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    Zillow last checked: 8 hours ago

    Listing updated: October 14, 2025 at 10:48am

    Listed by:

    Chris Taylor 850-797-5400,

    Ocean Reef Realty Inc

    Source: ECAOR,MLS#: 974332MLS LogoOriginating MLS: Emerald Coast

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 8
    • Full bathrooms: 7
    • 1/2 bathrooms: 1
    Primary bedroom
    • Features: MBed Balcony, MBed First Floor, MBed Sitting Area, MBed Waterfront
    • Level: Second
    Primary bathroom
    • Features: Soaking Tub, MBath Tile
    Bathroom 1
    • Level: Second
    Kitchen
    • Level: Second
    Heating
    • Electric
    Cooling
    • AC - 2 or More, Electric, Ceiling Fan(s)
    Appliances
    • Included: Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Refrigerator W/IceMk, Electric Range, Washer, Electric Water Heater, Water Heater - Two +
    Features
    • Crown Molding, High Ceilings, Vaulted Ceiling(s), Kitchen Island, Recessed Lighting, Newly Painted, Pantry, Bedroom, Full Bathroom, Half Bathroom, Kitchen, Living Room, Master Bathroom, Master Bedroom
    • Flooring: Hardwood, Tile
    • Furnished: Yes
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 4,090
    • Total interior livable area: 4,090 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Open
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    • Patio & porch: Deck Covered, Deck Open
    • Exterior features: Renovated, Outdoor Shower
    • Has private pool: Yes
    • Pool features: Private, Heated, In Ground
    • Fencing: Privacy
    • Has view: Yes
    • View description: Gulf
    • Has water view: Yes
    • Water view: Gulf
    • Waterfront features: Gulf
    • Frontage type: Beach,Water
    • Frontage length: Beach: 50.00,Water: 50
    Lot
    • Size: 0.56 Acres
    • Dimensions: 50 x 485
    • Features: Easement, Dead End, Easements, Flood Insurance Req, Within 1/2 Mile to Water
    Details
    • Parcel number: 342S21420000190010
    • Zoning description: Resid Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Beach House
    • Property subtype: Single Family Residence
    Materials
    • Frame, Vinyl Siding, Trim Wood
    • Foundation: Foundation Off Grade
    • Roof: Metal
    Condition
    • Construction Complete
    • Year built: 1996

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Cable Connected

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: Metes & Bounds
    Location
    • Region: Miramar Beach

    Financial & listing details

    • Price per square foot: $1,137/sqft
    • Tax assessed value: $2,498,009
    • Annual tax amount: $22,817
    • Date on market: 4/19/2025
    • Cumulative days on market: 253 days
    • Listing terms: Conventional
    • Electric utility on property: Yes
    • Road surface type: Paved
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    Estimated market value

    $4,113,600

    $3.91M - $4.36M

    $5,477/mo

    Price history

    Price history
    DateEventPrice
    10/14/2025Price change$4,650,000-3.1%$1,137/sqft
    Source: ECAOR #974332 Report a problem
    4/19/2025Listed for sale$4,800,000+269.2%$1,174/sqft
    Source: ECAOR #974332 Report a problem
    8/14/2001Sold$1,300,000$318/sqft
    Source: Public Record Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$22,818 +6.2%$2,498,009 +6.9%
    2023$21,489 +3.3%$2,335,851 +10%
    2022$20,808 +9.6%$2,123,501 +10%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $28,581/mo
    Principal & interest
    $23349
    Property taxes
    $3604
    Home insurance
    $1628

      Climate risks

      Neighborhood: 32550

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Van R Butler
      • Middle: Emerald Coast
      • High: South Walton

      Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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