Miramar Beach · Community Market Report
Emerald Waters Village
Every number a buyer, seller, or investor needs on one community: live inventory, closed-sale history, rental benchmarks, and the neighborhood around it - refreshed monthly from MLS and market data.
Inventory updated daily · Sale statistics updated September 22, 2026 · Next statistics update early October 2026
How the community is trading
5 homes closed in Emerald Waters Village in the trailing 12 months at a median of $1,175,000, with a 92.9% median list-to-sale ratio. On the active side, 4 of 5 listings sit below original list price, and standing inventory works out to 12.0 months of supply at the current sales pace.
A single figure works poorly here for a reason visible on the roll: this is not one vintage of house. Seventy homes carry recorded years from 1999 to 2024, and recorded living areas run from about 1,413 to 5,328 square feet, close to a fourfold spread, on lots that barely differ from one another at all. What a buyer is comparing is therefore the house rather than the ground, with a quarter century of construction standards folded inside one median. Eight open lots mean new work can still arrive and reset the top of the range. Add the name problem, since several separately incorporated Emerald Waters communities stand nearby and unrelated sales end up averaged together. Start from the legal name, then compare within a build era rather than across the village.
| Period | Value |
|---|---|
| 2021 | Sample too small |
| 2022 | $1.25M |
| 2023 | $1.39M |
| 2024 | Sample too small |
| 2025 | No data |
| 2026 YTD | $1.18M |
| Period | Value |
|---|---|
| 2021 | Sample too small |
| 2022 | $492 |
| 2023 | $430 |
| 2024 | Sample too small |
| 2025 | No data |
| 2026 YTD | $445 |
| Period | Value |
|---|---|
| Sep 24 | 0 |
| Oct 24 | 0 |
| Nov 24 | 0 |
| Dec 24 | 0 |
| Jan 25 | 0 |
| Feb 25 | 0 |
| Mar 25 | 0 |
| Apr 25 | 0 |
| May 25 | 0 |
| Jun 25 | 0 |
| Jul 25 | 0 |
| Aug 25 | 0 |
| Sep 25 | 0 |
| Oct 25 | 0 |
| Nov 25 | 0 |
| Dec 25 | 0 |
| Jan 26 | 0 |
| Feb 26 | 1 |
| Mar 26 | 0 |
| Apr 26 | 0 |
| May 26 | 2 |
| Jun 26 | 0 |
| Jul 26 | 1 |
| Aug 26 | 1 |
The monthly charts cover the 24 complete calendar months from September 2024 through August 2026, and a month with no closings is a zero bar rather than a gap. Those 12 months can differ from the trailing totals above, which run day-precise through September 22, 2026 rather than by whole calendar months.
Based on information from ECAR for the period September 23, 2021 through September 22, 2026.
From the active file
5 homes are on the market in Emerald Waters Village today:
$869,000
47 Saint Simon Circle
Miramar Beach, FL 32550
$1,750,000
220 Saint Francis Drive
Miramar Beach, FL 32550
$1,049,000
137 St Francis Drive
Miramar Beach, FL 32550
$1,749,000
103 St Simon Circle
Miramar Beach, FL 32550
$1,699,000
106 St Simon Circle
Miramar Beach, FL 32550
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.
The investor file
| Typical acquisition (median, 12 mo) | $1,175,000 |
|---|---|
| Median price, 2022 to 2026 | -6.0% ($1,250,000 to $1,175,000) |
| Average sale price (12 mo) | $1,234,000 |
| Sales volume, trailing 12 months | $6,170,000 |
| Sale price range, trailing 12 months | $840,000 - $1,850,000 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 3 BR | 1 | 0 | Sample too small |
| 4 BR | 1 | 3 | $1,005,000 |
| 5 BR | 1 | 1 | Sample too small |
| 6 BR | 2 | 1 | Sample too small |
Based on information from ECAR for the period September 23, 2021 through September 22, 2026.
What similar rentals earn nearby
$619/night
Average Daily Rate
Trailing 12 months, average across Miramar Beach homes, 4-6 bedrooms
51%
Occupancy
Guest, owner and held nights over calendar nights, across Miramar Beach homes, 4-6 bedrooms
46 nights
Owner Use
Owner and maintenance nights per rental, trailing 12 months, across Miramar Beach homes, 4-6 bedrooms
$217 to $894
Monthly Rate Range
Average nightly rate by month, lowest in February, highest in June
268
Rentals Tracked
Homes in Miramar Beach homes, 4-6 bedrooms
5 nights
Average Stay
91 days
Booking Window
Average lead time before arrival
Market data by Key Data · 268 similar rentals tracked (Miramar Beach homes, 4-6 bedrooms) · Sep 2025 to Aug 2026
Market statistics reflect the trailing performance of similar rental properties in this market, not this specific property, and are opinions of potential performance, not a guarantee of income. Performance varies with management, seasonality, and personal use. Verify rental eligibility and all figures independently.
The rental analysis is for signed-in readers
We publish each home's rental analysis on the signed-in side of the site, not on the open page. With a free account you will find, on the individual listings here that qualify, how rentals similar to that home perform: the average daily rate, occupancy, typical stay and booking window. The segment's daily rate, occupancy and tracked-rental count stay public on this page.
Sign in or create a free accountWhat decides whether a home here can be rented
These are benchmarks for a segment of comparable rentals, not a finding about Emerald Waters Village. What a home here may actually do is set by documents, and there are three of them. The recorded declaration sets any minimum lease term. The association's current rules can add stay-length minimums, rental caps, or owner-occupancy requirements the local code does not impose, and a board can change them after a purchase. The city or county that governs this address runs its own short-term-rental registration requirements over both. Request all three in their current form from the association and the local government during diligence, before purchasing with rental income in mind.
Rental rules on the MLS today: 5 of 5 active listings disclose“Short Term Rental - Allowed”. Always verify the association's current policy.
The neighborhood: The Retreat at Miramar
Emerald Waters Village sits in or beside The Retreat at Miramar Census neighborhood - the area figures below describe that neighborhood, not this community alone.
Neighborhood Data
The Retreat at Miramar at a Glance
187
Properties
$645K
Median Home Value
91%
Second Homes / Seasonal
Source: LiveBy, via the U.S. Census Bureau American Community Survey 2023. Figures are area estimates for general market context.
Demographic information is provided for general informational purposes only and must not be used to make housing decisions on the basis of race, color, religion, sex, familial status, national origin, disability, or any other protected class. Dream Destin Realty supports the Fair Housing Act and equal-opportunity housing.
Reading this file
Where do these numbers come from?
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty and refreshed on a 30-day cycle. Based on information from ECAR for the period September 23, 2021 through September 22, 2026. Rental benchmarks are market-segment aggregates from Key Data - never figures for a specific home. Neighborhood figures are LiveBy area estimates built on the U.S. Census American Community Survey.
Why is there no list of individual sold homes?
5 homes closed in Emerald Waters Village in the trailing 12 months, from $840,000 to $1,850,000. MLS rules do not allow individual sold listings to be displayed publicly, so this page shows community-level statistics only - ask us for the home-by-homesold report and we'll walk you through it.
How are thin samples handled?
Any figure computed from fewer than three sales is withheld rather than published - a one-sale “median” is just that sale's price. Counts always show; prices earn their way onto the page.
Thinking about buying or selling in Emerald Waters Village?
We track this community's sales and fees every month, and keep its rental rules on file - get the full picture before you commit.
- MLS market data (ECAR) - updated September 21, 2026
- Vacation-rental market data (Key Data) - updated September 21, 2026
- Neighborhood data (LiveBy / U.S. Census ACS) - updated September 21, 2026
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty.
Market statistics on this page are provided for informational purposes only. Information is deemed reliable but not guaranteed, and figures are not a guarantee of future market performance. Rental-income benchmarks are not a guarantee of future performance, so verify independently every time. These figures are not tax, legal, or investment advice; consult the appropriate licensed professional before making a financial decision. Data as of September 22, 2026.
Sources
- Walton County parcel outlines for the Emerald Waters Village parcel number series (accessed August 23, 2026)
- Florida Department of Revenue statewide cadastral: the same parcel number series, for years, living areas and addresses (accessed August 23, 2026)
- Emerald Waters Village Owner's Association, Inc., Florida Division of Corporations (accessed August 21, 2026)
- Emerald Waters Beachside Condominiums Owners Association, Inc., Florida Division of Corporations (accessed August 21, 2026)
- FEMA National Flood Hazard Layer: flood zone polygons over and beyond the Emerald Waters Village parcels (accessed August 23, 2026)
- USGS national hydrography record, water features west of Miramar Beach (accessed August 23, 2026)
- Florida Statutes 720.303, homeowners association powers, budgets and records (accessed August 21, 2026)