Agent profile image in chat bubble
Agent profile image in chat header

Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

Agent profile image in message

20 N Payne St , Miramar Beach, FL 32550
$1,810,000
Est. Payment: $9,179.98/mo
7 Bed
8 Bath
3130 Sqft
Status: active | Days on site: 39
Get Pre-Qualified
VCR-C15903466 - VCR-C159091383,VCR-C159052275

By providing your number, you are expressly consenting, in writing, to receive telemarketing and other messages, including calls or texts at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply. Text STOP to cancel.

This site is protected by reCAPTCHA and the GooglePrivacy Policy and Terms of Service apply.

Agent profile image
Harrison Lilly
Owner/Operator

House Description

The current property management company is offering a $170,000 rental income guarantee for 2027, providing a compelling opportunity for investors seeking both immediate cash flow and downside protection. Welcome to 16 Blue Ohana Court in Miramar Beach, a fully furnished and turnkey 7-bedroom, 7.5-bath luxury vacation rental designed for strong short-term rental performance and immediate income generation. This spacious three-story home comfortably sleeps up to 22 guests and is being sold completely rental-ready, including a brand-new 6-seat street-legal golf cart, allowing for a seamless transition for any investor. The property already has over $130,000 in bookings secured for 2026 and is projected to finish the year at approximately $170,000 in rental income despite a delayed start in late February, with projected revenue for 2027 estimated between $190,000 and $210,000. The home is purpose-built to maximize occupancy and revenue, featuring five king suites with private bathrooms and two high-capacity bunk rooms designed for large groups. The open-concept layout includes a chef's kitchen with a gas range, expansive living and dining areas, multiple lounge spaces, and a dedicated game room, all thoughtfully designed to enhance the guest experience. The private backyard offers a resort-style setting with a heated pool, covered outdoor living space, and ample room for entertaining, which are key drivers for repeat bookings and premium nightly rates. Multiple balconies and gathering areas throughout the home provide both privacy and functionality for large groups, and a community sand volleyball court is currently being constructed, adding another attractive amenity for guests and enhancing overall rental appeal. Ideally located just about a one-minute golf cart ride to Miramar Beach's largest public beach access, the property offers easy access to the Gulf along with close proximity to Destin, Sandestin Resort, and Scenic Highway 30A. Guests benefit from nearby dining, shopping, and entertainment, further supporting consistent rental demand year-round. This property stands out as a high-performing, income-producing asset with future bookings already in place, professional management available, and no additional setup required, making it an exceptional opportunity for investors seeking a proven luxury vacation rental in one of the Emerald Coast's most desirable markets.

Highlights

Listed by Alexander D Lamberson , 850-853-9153 Beach House Sales and Development , 256-566-5482. Emerald Coast Multiple Listing Services

Property Type

Residential

Lot/Acreage
0.09

HOA Fee

Year Built

2025

County

Walton

Area

15 - Miramar/Sandestin Resort

Neighborhood

Blue Ohana

Listing ID

1007479

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:7
  • Bathrooms:8
  • Full Bathrooms:7
  • 1/2 Bathrooms:1
Appliances:Dishwasher, Dryer, Ice Machine, Microwave, Range Hood, Refrigerator, Refrigerator W/IceMk, Stove/Oven Electric, Washer, Water Heater - Tnkls
Air Cond:Central Air
Fireplaces:
Floor:Floor Tile,Floor Vinyl
Other:
  • Additional:Breakfast Bar, Ceiling Crwn Molding, Kitchen Island, Lighting Recessed, Newly Painted, Owner's Closet, Walls Paneled, Washer/Dryer Hookup, Wet Bar, Woodwork Painted

Exterior Features

Lot:Corner,Covenants,Curb & Gutter,Sidewalk,Within 1/2 Mile to Water
Lot Dimensions:90x46
Zoning:Resid Single Family
Others:
  • Additional:Balcony, Fenced Back Yard, Pool - Gunite Concrt, Sprinkler System, Patio Covered, Fenced Privacy
Sewer:Public Sewer
Principal Interest
$9,180
Taxes
$69
HOA
$0

Home Price

$1,810,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$362,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,179.98

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,179.98 $68.65 $0.00 $9,248.63
Yearly $110,159.74 $823.84 $0.00 $110,983.58
Total $3,304,792.26 $24,715.20 $0.00 $3,329,507.46

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Aug 2026

Average Price

All Price Ranges
N/A
Aug 2026

Average Days on Market

All Price Ranges
N/A
Aug 2026
Market insight data is pulled from the same city as the listing being viewed (Miramar Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T07:16:22.000Z

© 2026 Emerald Coast Multiple Listing Services