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Harrison Lilly

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

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20 Sandy Beach Rd , Miramar Beach, FL 32550
$4,650,000
Est. Payment: $23,581.47/mo
9 Bed
8 Bath
4090 Sqft
Status: active | Days on site: 437
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Harrison Lilly
Owner/Operator

House Description

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.

Highlights

Listed by Chris Taylor , 850-797-5400 Ocean Reef Realty Inc , 850-837-3935. Emerald Coast Multiple Listing Services

Property Type

Residential

Lot/Acreage
0.56

Year Built

1996

County

Walton

Area

15 - Miramar/Sandestin Resort

Neighborhood

Metes & Bounds

Listing ID

974332

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:9
  • Bathrooms:8
  • Full Bathrooms:7
  • 1/2 Bathrooms:1
Appliances:Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
Air Cond:Ceiling Fans,Central Air
Fireplaces:
Floor:Floor Hardwood,Floor Tile
Other:
  • Additional:Ceiling Crwn Molding, Ceiling Raised, Ceiling Vaulted, Kitchen Island, Lighting Recessed, Newly Painted, Pantry

Exterior Features

Lot:Dead End,Easements,Flood Insurance Req,Within 1/2 Mile to Water,Gulf
Lot Dimensions:50x485
Zoning:Resid Single Family
Others:
  • Additional:Shower, Deck Covered, Deck Open, Fenced Privacy
Sewer:Public Sewer
Principal Interest
$23,581
Taxes
$1,901

Home Price

$4,650,000

Loan Details

30 yrs
6.528%

Down Payment

20%
$930,000
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:
$23,581.47

Principal

Taxes

Principal Taxes HOA Total
Monthly $23,581.47 $1,901.46 $0.00 $25,482.94
Yearly $282,977.68 $22,817.56 $0.00 $305,795.24
Total $8,489,330.33 $684,526.80 $0.00 $9,173,857.13

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

6%

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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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