Miramar Beach · Building Market Report
Majestic Sun
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
7 units closed at Majestic Sun in the trailing 12 months at a median of $665,000, with a 96.7% median list-to-sale ratio. On the active side, 5 of 11 listings sit below original list price, and standing inventory works out to 18.9 months of supply at the current sales pace.
Two towers, one name, and the county plat is why a single median misleads here. Walton County's parcel record carries 288 residences across 1160 and 1200 Scenic Gulf Drive, 144 addressed to each tower, numbered from the second level to the twelfth. Fourteen residences repeat on every level through the ninth in both towers. The tenth level holds fourteen in the eastern tower and thirteen in the western, both fall to twelve on the eleventh, and the top level holds six in the east and seven in the west, so the highest floors are a small cohort that a blended figure buries. The towers are not interchangeable either: the eastern tower's parcels sit roughly 95 feet nearer the water than the western tower's, which is set back behind it. Read a unit against its own tower and its own level band first, the building second. The two towers are two entries on the roll rather than one, filed in their own parcel number series, so an inspection report or a reserve study produced under one street number is not evidence about the other. Then ask what the association has funded, because a structure this tall carries inspection and reserve obligations that can separate two otherwise identical floors.
Year-over-year figures compare the 12 complete calendar months from September 2025 through August 2026 with the 12 before them. That window can differ from the trailing totals above, which run day-precise through September 22, 2026 rather than by whole calendar months.
| Period | Value |
|---|---|
| 2021 | Sample too small |
| 2022 | $650K |
| 2023 | $625K |
| 2024 | $735K |
| 2025 | $705K |
| 2026 YTD | $643K |
| Period | Value |
|---|---|
| 2021 | Sample too small |
| 2022 | $670 |
| 2023 | $659 |
| 2024 | $653 |
| 2025 | $630 |
| 2026 YTD | $599 |
| Period | Value |
|---|---|
| Sep 24 | 2 |
| Oct 24 | 0 |
| Nov 24 | 1 |
| Dec 24 | 1 |
| Jan 25 | 1 |
| Feb 25 | 1 |
| Mar 25 | 3 |
| Apr 25 | 1 |
| May 25 | 0 |
| Jun 25 | 0 |
| Jul 25 | 1 |
| Aug 25 | 1 |
| Sep 25 | 2 |
| Oct 25 | 0 |
| Nov 25 | 1 |
| Dec 25 | 0 |
| Jan 26 | 1 |
| Feb 26 | 0 |
| Mar 26 | 1 |
| Apr 26 | 0 |
| May 26 | 0 |
| Jun 26 | 1 |
| Jul 26 | 2 |
| Aug 26 | 0 |
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. Their last 12 months are the window the year-over-year figures compare.
Based on information from ECAR for the period September 23, 2021 through September 22, 2026.
From the active file
11 units are on the market at Majestic Sun today - a sample of the current file:
$874,000
1160 Scenic Gulf Drive Unit A1102
Miramar Beach, FL 32550
$1,000,000
1160 Scenic Gulf Drive Unit A701
Miramar Beach, FL 32550
$1,165,000
1160 Scenic Gulf Drive Unit A901
Miramar Beach, FL 32550
$1,090,000
1200 Scenic Gulf Drive Unit B1201
Miramar Beach, FL 32550
$944,900
1200 Scenic Gulf Drive Unit B1001
Miramar Beach, FL 32550
$534,000
1160 Scenic Gulf Drive Unit A608
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) | $665,000 |
|---|---|
| Middle-half range (25th-75th pct, 18 priced sales / 24 mo) | $612,500 - $742,500 |
| Median price, 2022 to 2026 | -1.2% ($650,000 to $642,500) |
| Average sale price (12 mo) | $840,357 |
| Sales volume, trailing 12 months | $5,882,500 |
| Sale price range, trailing 12 months | $540,000 - $1,600,000 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 1 BR | 3 | 2 | Sample too small |
| 2 BR | 3 | 3 | $665,000 |
| 3 BR | 5 | 1 | Sample too small |
| 4 BR | 0 | 1 | Sample too small |
Based on information from ECAR for the period September 23, 2021 through September 22, 2026.
What similar rentals earn nearby
$242/night
Average Daily Rate
Trailing 12 months, average across Miramar Beach condos, 2-4 bedrooms
52%
Occupancy
Guest, owner and held nights over calendar nights, across Miramar Beach condos, 2-4 bedrooms
47 nights
Owner Use
Owner and maintenance nights per rental, trailing 12 months, across Miramar Beach condos, 2-4 bedrooms
$98 to $362
Monthly Rate Range
Average nightly rate by month, lowest in January, highest in June
1210
Rentals Tracked
Units in Miramar Beach condos, 2-4 bedrooms
6 nights
Average Stay
76 days
Booking Window
Average lead time before arrival
Market data by Key Data · 1210 similar rentals tracked (Miramar Beach condos, 2-4 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 unit here can be rented
These are benchmarks for a segment of comparable rentals, not a finding about Majestic Sun. 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: 11 of 11 active listings disclose“Short Term Rental - Allowed”. Always verify the association's current policy.
The neighborhood: Seascape Golf and Beach Resort
Majestic Sun sits in or beside the Seascape Golf and Beach Resort Census neighborhood - the area figures below describe that neighborhood, not this building alone.
Neighborhood Data
Seascape Golf and Beach Resort at a Glance
4,321
Properties
$548K
Median Home Value
92%
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?
7 units closed at Majestic Sun in the trailing 12 months, from $540,000 to $1,600,000. 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 Majestic Sun?
We track this building'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
- Florida Department of Revenue statewide cadastral: parcels at 1160 and 1200 Scenic Gulf Drive (accessed August 23, 2026)
- Florida Department of Revenue statewide cadastral: ownership between the towers and the seaward limit of platted land (accessed August 23, 2026)
- Florida Department of Revenue statewide cadastral: parcel outlines over the towers and the public beachfront east of them (accessed August 23, 2026)
- Section 553.899, Florida Statutes (2024 compilation): milestone inspections (accessed August 23, 2026)
- Section 718.112, Florida Statutes: budgets and the structural integrity reserve study (accessed August 21, 2026)
- Section 509.2112, Florida Statutes: inspection filings for lodging three stories or more (accessed August 21, 2026)
- Office of Short-Term Vacation Rental Registration, Walton County (accessed August 21, 2026)
- Miramar Beach, Walton County Tourism Department (accessed August 23, 2026)