Skip to main content
Dream Destin Realty

Miramar Beach · Community

Emerald Waters Village Homes for Sale

Seventy houses and eight open lots on four saint-named streets in western Miramar Beach, held together by an association chartered in February 1998, on a roll that records construction in every era from 1999 through 2024.

Updated

Ask About Emerald Waters VillageMarket AnalyticsAll Miramar Beach Neighborhoods & Communities

2005

Year Built

No

Gulf Front

Year built and home figures are as published by the sources cited at the foot of this page. Confirm them against the association's own documents during diligence.

About Emerald Waters Village

The name is the first thing to get right here, because more than one separately incorporated Emerald Waters community stands within a few hundred feet and only one of them is this village. Walton County's roll puts seventy-nine parcels in the village's parcel number series: seventy carrying houses, eight still open, and a single common area of about 216,494 square feet, close to five acres, recorded to its own owners association. Four streets carry every addressed lot, and all four are saints, with thirty-three on St Francis Drive North, twenty-four on St Simon Circle, fifteen on St Francis Drive South and five on St Nicholas Court. One of the thirty-three is filed under a misspelling of its own street, which is worth knowing before a search is run on the street name. Construction never really stopped. The roll shows houses finished in every recent era from 1999 through 2024, with 2005 the busiest at thirteen and 2004 next at ten, so a single street can hold quarter-century-old stock beside work completed last year. Recorded living areas spread accordingly, from about 1,413 to 5,328 square feet with the middle near 2,714, while the ground beneath them barely varies, sitting around 3,760 square feet at the middle. Water is nearer in reputation than in record: about 729 feet and the parcels of dozens of other recorded communities separate this village from the last assessed land before the shore.

HOA & Fees

What is the HOA fee at Emerald Waters Village?

As of November 11, 2026, Emerald Waters Village homes for sale that report a fee on the MLS list these HOA fees:

  • Single-family homes: $177 to $197 a month, median $187 (8 listings)

Fees vary by home type and section. Some homes also belong to a sub-association for their section, and a listing's fee may cover only one association, so confirm every association a home belongs to and what each one charges.

Based on 8 active MLS listings that report an HOA fee. Fees billed quarterly, twice a year or yearly are shown as a monthly equivalent. See the listings

The association predates the village it governs. Emerald Waters Village Owner's Association, Inc. has been on the state register since February 3, 1998, which puts it a full year in front of the oldest house it governs, and its filings are current. Its recorded holding is a single common parcel of close to five acres, which is a large share of ground for a community of this size and is the first line worth asking about, since maintaining it is where the money goes. These are single-family lots, so Florida's condominium reserve provisions do not reach this budget and the homeowners association statute governs instead; request the official records and the reserve schedule under that name. Ask as well how the association applies one set of standards to a street where houses finished in 1999 and in 2024 sit side by side, because that is the live enforcement question here rather than anything about the amenities.

Rental Policy

Short-term rentals: allowed. Confirm the current minimum stay and registration with the association.

Recorded covenants for Emerald Waters Village decide what a house here may do. County registration rules apply on top. Get the current text of both. Watch the name, too. Another Emerald Waters community nearby is a beachside condominium association filed in 2002. Make sure any rules you are shown were written for this village. No parcel under the village name reaches the shore. Ask for any beach arrangement in writing.

  • Seventy houses and eight open lots
  • Nearly five acres of association common area
  • Four saint-named streets
  • Construction recorded from 1999 through 2024

Live Inventory

Active Listings at Emerald Waters Village

NewLuxuryShort-Term Rental Eligible

$1,865,000

23-27 St Francis Drive S Dr

Miramar Beach, FL 32550

7 bd 5 full, 2 half ba 3,638 sqft
NewLuxuryShort-Term Rental Eligible

$2,299,000

20 St Francis Drive

Miramar Beach, FL 32550

5 bd 5 ba 3,489 sqft
Short-Term Rental Eligible

$1,095,000

80 Saint Simon Circle

Miramar Beach, FL 32550

4 bd 3 ba 2,478 sqft
Short-Term Rental Eligible

$869,000

47 Saint Simon Circle

Miramar Beach, FL 32550

3 bd 2.5 ba 1,632 sqft
Price ReducedLuxuryShort-Term Rental Eligible

$1,750,000

220 Saint Francis Drive

Miramar Beach, FL 32550

6 bd 3.5 ba 3,155 sqft
Price ReducedShort-Term Rental Eligible

$1,049,000

137 St Francis Drive

Miramar Beach, FL 32550

4 bd 3 ba 2,502 sqft
Price ReducedLuxuryShort-Term Rental Eligible

$1,599,900

103 St Simon Circle

Miramar Beach, FL 32550

5 bd 4.5 ba 2,904 sqft
Price ReducedLuxuryShort-Term Rental Eligible

$1,599,000

106 St Simon Circle

Miramar Beach, FL 32550

6 bd 6.5 ba 3,741 sqft

The short-term rental badge above is not a permission of record. It reflects the MLS short-term-rental field where a listing discloses one, and otherwise where the home sits. Confirm the association's current rules and the local registration requirement before relying on it.

Community Answers

Emerald Waters Village FAQ

How much is the HOA fee at Emerald Waters Village?

As of November 11, 2026, Emerald Waters Village homes for sale that report a fee on the MLS list these HOA fees: single-family homes, $177 to $197 a month, median $187 (8 listings). Fees vary by home type and section. Some homes also belong to a sub-association for their section, and a listing's fee may cover only one association, so confirm every association a home belongs to and what each one charges.

Is there more than one Emerald Waters community here?

Yes, and the distinction sits in the record. Besides this village of seventy-nine parcels, the county roll carries a separately filed beachside condominium whose owners association has been registered since June 2002, and a further Emerald Waters owners association holding about 78,173 square feet of streets and common areas. Match a listing to its legal name before comparing anything to it.

When were the houses in Emerald Waters Village built?

Across a quarter of a century. The county records an actual year built for each of the seventy houses, spanning 1999 to 2024, with 2005 the busiest at thirteen houses and 2004 next at ten, and eight lots remain open. Vintage therefore varies house by house rather than by street.

How far is Emerald Waters Village from the water?

About 729 feet from its southern edge to the last assessed land before the shore, and that ground is not the village's. Dozens of parcels belonging to other recorded communities lie in between, so any expectation of reaching the sand should be traced to a recorded instrument rather than inferred from the distance.

Sources

Miramar Beach Condo Buildings

Other Miramar Beach Communities

Communities in This Market

Want to know when something new lists in Emerald Waters Village? By turning on this alert you agree that Dream Destin Realty may email you when new homes match this saved search - on Tuesdays and Fridays unless you change it. Email only - we will not call or text you about this. Change the cadence or turn it off any time under Saved Searches, every alert includes an unsubscribe link, and your email address is handled under our Privacy Policy.

Buying or selling at Emerald Waters Village?

We track this community's sales, fees, and rental rules - get the full picture before you commit.

Talk to a Community SpecialistFree Valuation