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Harrison Lilly

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

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219 Open Gulf St , Miramar Beach, FL 32550
$8,995,000
Est. Payment: $45,620.94/mo
10 Bed
10 Bath
5961 Sqft
Status: active | Days on site: 64
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

Rare find and cash-flowing investment opportunity with this beachfront home. Beachfront Bliss is one of the finest income-producing properties on the Emerald Coast. 'Beachfront Bliss' already has $686,000 booked for 2026 despite owner usage, with projected 2026 rental revenue of $750,000, excluding owner stays. Built in 2018, this exceptional property has 10 bedrooms, 8 full bathrooms, 2 half bathrooms, and nearly 6,000 square feet of living space with panoramic views designed to comfortably accommodate large groups. Beachfront Bliss is a bespoke treasure gracing the coveted Miramar Beach shoreline along the Emerald Coast. FIRST FLOOR AND POOL AREA You'll be mesmerized as you walk through the grand entry doors and effortlessly flow into the sprawling main-level gathering room filled with a plethora of seating for entertainment and dining, along with a newly remodeled kitchenette and gaming area. Being bathed in sunlight with floor-to-ceiling sliding glass doors that optimize a visual masterpiece of the gulf, you'll enjoy the beauty of the beach while relaxing in this open-concept haven. With two large primary bedrooms and spacious en suite bathrooms, an additional half bath, a bunk room, laundry, and an elevator, this floor really does have it all! SECOND FLOOR A custom chef's kitchen complete with professional-grade appliances and an oversized marble island set the stage for culinary dreams. With unobstructed views of the gorgeous water and cotton-candy sunsets, you have the perfect backdrop for gathering with friends and family. This space feels massive with 20-foot ceilings and windows draping every wall. It expands to a lofty outdoor balcony with an industrial built-in grill, dining, and an additional lounging area ideal for breathing in the healing salt air and stunning views. This floor also offers a large pantry, fireplace and bar in the main living room, a half bath, a primary bedroom with en suite bathroom and balcony, and a large bunk room that sleeps 8 with an en suite bathroom. THIRD FLOOR The third floor is filled with posh private suites that provide personal sanctuaries for guests and friends. The main hall leads to a bunk room (sleeps 8) with en suite bathroom and two more bedrooms with en suite bathrooms. A large laundry room with washer and dryer and built-in cabinetry, along with a bar, line the walls of the hall leading to the extravagant oceanfront master suites. These two majestic bedrooms and en suite master baths encapsulate an unparalleled experience marrying lavish design with tranquility. This home was richly designed with opulence, comfort, and functionality at the forefront. Beachfront Bliss is a rare opportunity for a beloved legacy property in the heart of Miramar Beach. POOL & PRIVATE BEACH ACCESS With a continuation of beachfront luxury, the outdoor pool area is perfectly designed for entertaining, boasting an infinity spa and large heated pool, both complete with custom lighting. Whether you want to bask in the rays of the sun or take refuge for a few hours in the shade, this backyard oasis has room for everyone! The crowning jewel, of course, is your own private beach access that makes every beach day a breeze. INVESTOR INFO ~Turnkey Opportunity: Destin Dreamers is managing and can seamlessly transfer management. ~Unique and Rare: Few beachfronts with these rental numbers become available, and beachfronts are in high demand and tight supply. ~2025 Rental Numbers: $608,348 ~2026 Booked Reservations (with more to come): $614,286. The owner can count on rental income from day one. Multiple 2027 reservations on the books. ~Comparable: Empty beachfront lots in this area are listed at $7 million. For a little more, you can own a 10 bedroom rental property on the same water producing income from the start. ~Appreciation: Miramar Beach beachfront appreciates on four compounding factors: scarcity, rental performance, market momentum, and irreplaceability. It already outperforms 30A on yield-to-price -- with meaningful upside still ahead. **All information including dimensions should be confirmed by the buyer. Managed by Destin Dreamers and can seamlessly continue with bookings and management.

Highlights

Listed by Arlen Busenitz , 850-420-3077 Legacy Premier Agency LLC , 850-250-3701. Emerald Coast Multiple Listing Services

Property Type

Residential

Lot/Acreage
0.4

Year Built

2018

County

Walton

Area

15 - Miramar/Sandestin Resort

Neighborhood

Richards A E Unrec

Listing ID

1000386

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:10
  • Bathrooms:10
  • Full Bathrooms:8
  • 1/2 Bathrooms:2
Appliances:Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Oven Self Cleaning, Range Hood, Refrigerator, Smoke Detector, Stove/Oven Gas, Washer, Water Heater - Gas
Air Cond:Central Air
Fireplaces:Fireplace Gas
Floor:Floor Tile
Other:
  • Additional:Breakfast Bar, Ceiling Raised, Elevator, Fireplace, Hallway Bunk Beds, Kitchen Island, Lighting Recessed, Owner's Closet, Pantry, Split Bedroom, Upgraded Media Wing, Wet Bar

Exterior Features

Lot:Cleared,Dead End,Level,Within 1/2 Mile to Water,Unit Waterfront,Gulf,Shore - Natural
Lot Dimensions:48.70 x 353
Zoning:Resid Single Family
Others:
  • Additional:Balcony, BBQ Pit/Grill, Fenced Back Yard, Hot Tub, Lawn Pump, Pool - Gunite Concrt, Shower, Sprinkler System, Summer Kitchen, Deck Covered, Deck Enclosed, Deck Open, Patio Open, Porch, Porch Open, Fenced Lot-All, Fenced Lot-Part
Sewer:Public Sewer
Parking Features:Garage
Principal Interest
$45,621
Taxes
$5,083

Home Price

$8,995,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$1,799,000
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:
$45,620.94

Principal

Taxes

Principal Taxes HOA Total
Monthly $45,620.94 $5,083.05 $0.00 $50,703.99
Yearly $547,451.31 $60,996.55 $0.00 $608,447.86
Total $16,423,539.42 $1,829,896.50 $0.00 $18,253,435.92

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: 2026-08-20T07:16:22.000Z

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