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Harrison Lilly

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

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283 Lakeland Dr , Miramar Beach, FL 32550
$1,100,000
Est. Payment: $5,578.99/mo
4 Bed
3 Bath
2428 Sqft
Status: active | Days on site: 17
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

With a projected **$85,000-$108,000 in annual rental income**, this exceptional coastal retreat offers an outstanding opportunity to own a luxury beach home with impressive investment potential. Located just steps from the sugar-white sands of the Gulf and featuring **deeded beach access**, this beautifully appointed residence embodies the best of Emerald Coast living. Unlike many homes in the area, until recently, this home has never been used as a vacation rental, allowing it to remain exceptionally well maintained and showing true pride of ownership. It offers buyers the rare opportunity to purchase a home with outstanding rental potential that has not experienced the wear and tear often associated with high-occupancy rental properties. Designed for effortless entertaining and everyday comfort, the open-concept floor plan features soaring ceilings, abundant natural light, and seamless flow between the spacious living room, dining area, and gourmet kitchen. The kitchen is equipped with stainless steel appliances, granite countertops, custom cabinetry, and ample workspace, making it as functional as it is stylish. Offering four generously sized bedrooms, each thoughtfully designed as a private retreat, the home provides plenty of space for family and guests. Upscale finishes and inviting coastal décor create a warm, relaxing atmosphere throughout. Whether you're looking for a primary residence, second home, or a high-performing vacation rental, this property delivers the perfect combination of luxury, location, and income potential--all just moments from the Gulf's world-famous beaches. The home is being sold fully furnished, so bring your beach towel and get ready to enjoy the best the Emerald Coast has to offer!

Highlights

Listed by Nichole P Causton , 850-714-7600 Go Coastal Realty LLC , 850-714-7600. Emerald Coast Multiple Listing Services

Property Type

Residential

HOA Fee

Year Built

2019

County

Walton

Area

15 - Miramar/Sandestin Resort

Neighborhood

Frangista Beach 2Nd Addn

Listing ID

1009096

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Dishwasher, Microwave, Refrigerator, Stove/Oven Electric, Water Heater - Elect
Air Cond:Central Air
Fireplaces:
Floor:Floor Vinyl
Other:
  • Additional:Ceiling Vaulted, Kitchen Island, Pantry, Washer/Dryer Hookup

Exterior Features

Lot:Restrictions,Within 1/2 Mile to Water
Lot Dimensions:50X90
Zoning:Resid Single Family
Others:
  • Additional:BBQ Pit/Grill, Fenced Back Yard, Patio Covered
Sewer:Public Sewer
Principal Interest
$5,579
Taxes
$676
HOA
$0

Home Price

$1,100,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$220,000
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:
$5,578.99

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,578.99 $675.81 $0.00 $6,254.80
Yearly $66,947.91 $8,109.66 $0.00 $75,057.57
Total $2,008,437.28 $243,289.80 $0.00 $2,251,727.08

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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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: 2026-08-20T06:32:47.000Z

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