Investors and second-home buyers, this rare first-floor walk-out condo offers the perfect blend of versatility, convenience, and rental potential. Just steps from the white sandy beaches of the Emerald Coast, this 2-bedroom, 2-bath lock-off provides multiple leasing options, making it an ideal investment opportunity. The lock-off design allows you to rent it as a full 2-bedroom, 2-bath condo, a 1-bedroom, 1-bath unit with full living space, or a separate studio for private short-term stays. Enjoy the ease of ground-floor living with no elevators--simply walk out to resort-style amenities, lush landscapes, and direct beach access. Whether you're seeking a rental property or a low-maintenance vacation retreat, this condo delivers.
For sale
Price cut: $30.9K (6/12)
$499,000
5002 S Sandestin Blvd UNIT 6131, Miramar Beach, FL 32550
2beds
1,204sqft
Est.:
Condominium
Built in 2006
-- sqft lot
$-- Zestimate®
$414/sqft
$1,385/mo HOA
What's special
Direct beach accessWhite sandy beachesLush landscapesResort-style amenitiesGround-floor living
- 171 days
- on Zillow |
- 409 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: 22 hours ago
Listed by:
Tresha A Brown 850-585-6695,
LPT Realty LLC,
Michael E Sobik 850-368-8886,
LPT Realty LLC
Source: ECAOR,MLS#: 968652
Originating MLS: Emerald Coast

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
Primary bathroom
- Features: MBath Shower Only
Kitchen
- Level: First
Living room
- Level: First
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Electric Range, Washer, Electric Water Heater
Features
- Breakfast Bar, Recessed Lighting, Lock Out, Newly Painted, Dining Area, Kitchen, Living Room, Master Bedroom, Studio
- Flooring: Tile
- Doors: Storm Door(s)
- Furnished: Yes
Interior area
- Total structure area: 1,204
- Total interior livable area: 1,204 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Stories: 1
- Exterior features: Balcony, Barbecue, Hot Tub, BBQ Pit/Grill, Tennis
- Pool features: Community, In Ground
- Has spa: Yes
- Waterfront features: Beach
Lot
- Features: Golf, Marina
Details
- Additional structures: Pavillion/Gazebo
- Parcel number: 352S21426000006131
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Condition
- Construction Complete
- Year built: 2006
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Cable Connected
Community & HOA
Community
- Features: Fitness Center, Fishing, Gated, Pickleball, Playground, Pool, TV Cable
- Security: Fire Alarm/Sprinkler, Smoke Detector(s)
- Subdivision: Luau Ii
HOA
- Has HOA: Yes
- Services included: Accounting, Maintenance Grounds, Insurance, Internet, Legal, Master Association, Recreational Faclty, Security, Trash, Cable TV
- HOA fee: $1,385 monthly
Location
- Region: Miramar Beach
Financial & listing details
- Price per square foot: $414/sqft
- Annual tax amount: $4,066
- Date on market: 2/14/2025
- Electric utility on property: Yes
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