23-27 St Francis Drive S Miramar Beach, FL 32550 Open Thu 10AM-12PM
UPDATED: 11/02/2026 04:02 PM ON MARKET: 5 days on market
$1,865,000
7 Beds7 Baths3,638 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,638 sqft
Price per Sqft $512
Subdivision Emerald Waters Village
MLS Listing ID 1014586
Style Mediterranean
Bedrooms 7
Full Baths 5
Half Baths 2
HOA Fees $590/qua
HOA Y/N Yes
Year Built 2004
Annual Tax Amount $10,881
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 104x71x92x70
Property Sub-Type Detached Single Family
Source Emerald Coast Association of REALTORS®
Land Area 3638
Property Description
TWO HOMES. ONE EXCEPTIONAL OPPORTUNITY. Located within gated Emerald Waters Village, these two single-family homes offer one taxable parcel, one HOA assessment, and the potential for two rental income streams all within walking distance of deeded beach access. Rent both homes, enjoy one while renting the other, or create a two-home compound with the convenience of separate living spaces.
Offering a combined 7 bedrooms, both homes feature main-floor living areas and primary suites, with easy-to-maintain outdoor spaces ideal for entertaining, with potential to add a private pool. One home is fully renovated with all-new stainless steel appliances, tile flooring, and quartz countertops, while the second is turn key with opportunities for future enhancements.
A neighborhood path leads to deeded beach access, where you can enjoy the sugar-white sand and emerald waters of Miramar Beach. Community amenities include gated entry, two pools, green space, and overflow parking. Conveniently located near Pompano Joe's, The Whale's Tail Beach Bar & Grill, and Silver Sands Premium Outlets, you're close to beachfront dining, shopping, and entertainment.
Whether you're growing your vacation-rental portfolio or looking for a beach retreat with income potential, this two-home offering gives you options.
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Vendor Member# 28167
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