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Dream Destin Realty

Miramar Beach · Building Market Report

Ciboney

Every number a buyer, seller, or investor needs on one building: 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 building is trading

5 units closed at Ciboney in the trailing 12 months at a median of $547,500, with a 96.2% median list-to-sale ratio. On the active side, 3 of 4 listings sit below original list price, and standing inventory works out to 9.6 months of supply at the current sales pace.

A single street address covers all sixty residences here, so the letter and number in a listing's own designator, not the address, is what tells one apart from another, and the four series of fifteen are the structural fact to sort a comparison by. The county carries no construction year for these parcels, and the only date on the public record, the association's 1997 charter, is not a substitute for one, so an age comparison has to come from a document rather than from the assessment roll. The flood reading is the other thing worth weighing before it is taken for granted: every parcel here tests outside the special flood hazard area, an unusual result this close to the water, worth confirming against a current elevation certificate for a specific unit rather than assumed to hold community wide. And because beach access here runs across separately deeded ground rather than land the condominium itself owns, that access is better priced as a recorded instrument to be read than as an amenity that conveys with the unit.

$461K$600K$679K$561K202120222023202420252026 YTD
Median sale price by year at Ciboney
Median sale price by year at Ciboney
PeriodValue
2021$461K
2022$600K
2023$679K
2024Sample too small
2025Sample too small
2026 YTD$561K
$501$542$614$507202120222023202420252026 YTD
Median sold price per square foot by year
Median sold price per square foot by year
PeriodValue
2021$501
2022$542
2023$614
2024Sample too small
2025Sample too small
2026 YTD$507
010Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Aug 26
Closed sales by month, trailing 24 months
Closed sales by month, trailing 24 months
PeriodValue
Sep 240
Oct 240
Nov 240
Dec 241
Jan 250
Feb 250
Mar 250
Apr 250
May 250
Jun 251
Jul 250
Aug 250
Sep 250
Oct 250
Nov 250
Dec 251
Jan 260
Feb 261
Mar 260
Apr 261
May 261
Jun 260
Jul 261
Aug 260

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

4 units are on the market at Ciboney today:

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

Acquisition profile - computed from ECAR MLS data by Dream Destin Realty
Typical acquisition (median, 12 mo)$547,500
Median price, 2021 to 2026+21.7% ($461,000 to $561,250)
Average sale price (12 mo)$521,500
Sales volume, trailing 12 months$2,607,500
Sale price range, trailing 12 months$400,000 - $585,000
Activity by bedroom count at Ciboney
BedroomsActiveSold (12 mo)Median Sale Price
2 BR32Sample too small
3 BR13$575,000

Based on information from ECAR for the period September 23, 2021 through September 22, 2026.

What similar rentals earn nearby

$217/night

Average Daily Rate

Trailing 12 months, average across Miramar Beach condos, 1-3 bedrooms

52%

Occupancy

Guest, owner and held nights over calendar nights, across Miramar Beach condos, 1-3 bedrooms

46 nights

Owner Use

Owner and maintenance nights per rental, trailing 12 months, across Miramar Beach condos, 1-3 bedrooms

$91 to $321

Monthly Rate Range

Average nightly rate by month, lowest in January, highest in July

1472

Rentals Tracked

Units in Miramar Beach condos, 1-3 bedrooms

5 nights

Average Stay

70 days

Booking Window

Average lead time before arrival

Revenue by season (peak months shaded)

Market data by Key Data · 1472 similar rentals tracked (Miramar Beach condos, 1-3 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.

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What decides whether a unit here can be rented

These are benchmarks for a segment of comparable rentals, not a finding about Ciboney. What a unit 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: 4 of 4 active listings disclose“Short Term Rental - Allowed”. Always verify the association's current policy.

The neighborhood: The Retreat at Miramar

Ciboney sits in or beside The Retreat at Miramar Census neighborhood - the area figures below describe that neighborhood, not this building 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 unit. Neighborhood figures are LiveBy area estimates built on the U.S. Census American Community Survey.

Why is there no list of individual sold units?

5 units closed at Ciboney in the trailing 12 months, from $400,000 to $585,000. MLS rules do not allow individual sold listings to be displayed publicly, so this page shows building-level statistics only - ask us for the unit-by-unitsold 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 at Ciboney?

We track this building's sales and fees every month, and keep its rental rules on file - get the full picture before you commit.

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