Miramar Beach · Building Market Report
The Summit at TOPS'L Market Analytics
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 November 1, 2026 · Next statistics update early December 2026
How the building is trading
10 units closed at The Summit at TOPS'L in the trailing 12 months at a median of $542,500, with a 95.4% median list-to-sale ratio. On the active side, 4 of 13 listings sit below original list price, and standing inventory works out to 15.6 months of supply at the current sales pace.
Start with size when reading Summit's figures. The county roll lists 99 of the 154 residences at 1,141 square feet and 55 at 1,601, and the larger ones occupy the same five lines, 05 to 09, from the first level to the eleventh, so a blended median mixes two different homes. Within each size the same line repeats eleven times from bottom to top, which makes a same-line, nearby-level comparison the cleanest. Keep Summit apart from Beach Manor, Tennis Village and the other TOPS'L condominiums, which carry their own associations and unit counts. With all 154 dated 1997, age will not separate one sale from another; look instead at renovation, line and level.
Year-over-year figures compare the 12 complete calendar months from November 2025 through October 2026 with the 12 before them. That window can differ from the trailing totals above, which run day-precise through November 1, 2026 rather than by whole calendar months.
| Period | Value |
|---|---|
| 2024 | $653K |
| 2025 | $597K |
| 2026 YTD | $540K |
| Period | Value |
|---|---|
| 2024 | $491 |
| 2025 | $422 |
| 2026 YTD | $394 |
| Period | Value |
|---|---|
| Nov 24 | 3 |
| Dec 24 | 0 |
| Jan 25 | 0 |
| Feb 25 | 0 |
| Mar 25 | 1 |
| Apr 25 | 0 |
| May 25 | 1 |
| Jun 25 | 0 |
| Jul 25 | 3 |
| Aug 25 | 0 |
| Sep 25 | 0 |
| Oct 25 | 0 |
| Nov 25 | 1 |
| Dec 25 | 0 |
| Jan 26 | 0 |
| Feb 26 | 0 |
| Mar 26 | 0 |
| Apr 26 | 1 |
| May 26 | 1 |
| Jun 26 | 2 |
| Jul 26 | 1 |
| Aug 26 | 2 |
| Sep 26 | 2 |
| Oct 26 | 0 |
| Period | Value |
|---|---|
| Nov 24 | $625K |
| Dec 24 | No data |
| Jan 25 | No data |
| Feb 25 | No data |
| Mar 25 | Sample too small |
| Apr 25 | No data |
| May 25 | Sample too small |
| Jun 25 | No data |
| Jul 25 | $470K |
| Aug 25 | No data |
| Sep 25 | No data |
| Oct 25 | No data |
| Nov 25 | Sample too small |
| Dec 25 | No data |
| Jan 26 | No data |
| Feb 26 | No data |
| Mar 26 | No data |
| Apr 26 | Sample too small |
| May 26 | Sample too small |
| Jun 26 | Sample too small |
| Jul 26 | Sample too small |
| Aug 26 | Sample too small |
| Sep 26 | Sample too small |
| Oct 26 | No data |
The monthly charts cover the 24 complete calendar months from November 2024 through October 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 November 2, 2021 through November 1, 2026.
From the active file
12 units are on the market at The Summit at TOPS'L today - a sample of the current file:
$799,000
515 Tops L Beach Boulevard Unit 1005
Miramar Beach, FL 32550
$589,000
515 Tops L Beach Boulevard Unit 902
Miramar Beach, FL 32550
$579,000
515 Tops'L Beach Boulevard Unit 501
Miramar Beach, FL 32550
$659,000
515 Tops L Beach Boulevard Unit 309
Miramar Beach, FL 32550
$349,000
515 Tops'L Beach Boulevard Unit 212
Miramar Beach, FL 32550
$499,000
515 Tops'l Beach Boulevard Unit 103
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) | $542,500 |
|---|---|
| Middle-half range (25th-75th pct, 18 priced sales / 24 mo) | $455,000 - $638,125 |
| Median price, 2024 to 2026 | -17.2% ($652,500 to $540,000) |
| Average sale price (12 mo) | $541,450 |
| Sales volume, trailing 12 months | $5,414,500 |
| Sale price range, trailing 12 months | $350,000 - $760,000 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 2 BR | 7 | 6 | $424,500 |
| 3 BR | 6 | 4 | $715,250 |
Based on information from ECAR for the period November 2, 2021 through November 1, 2026.
What rentals in The Summit at TOPS'L earn
Create a free account to see the nightly rate and occupancy of rentals in The Summit at TOPS'L, by bedroom count.
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Miramar Beach market average
Market-wide figures for context, not The Summit at TOPS'L's own results.
$218/night
Average Daily Rate
Trailing 12 months, average across Miramar Beach condos, 1-3 bedrooms
55%
Occupancy
Guest, owner and held nights over calendar nights, across Miramar Beach condos, 1-3 bedrooms
52 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
1449
Rentals Tracked
Units in Miramar Beach condos, 1-3 bedrooms
5 nights
Average Stay
72 days
Booking Window
Average lead time before arrival
Market data by Key Data · 1449 similar rentals tracked (Miramar Beach condos, 1-3 bedrooms) · Nov 2025 to Oct 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 The Summit at TOPS'L. 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: 12 of 13 active listings disclose"Short Term Rental - Allowed". Always verify the association's current policy.
The neighborhood: Tang-o-mar
The Summit at TOPS'L sits in or beside the Tang-o-mar Census neighborhood - the area figures below describe that neighborhood, not this building alone.
Neighborhood Data
Tang-o-mar at a Glance
6,676
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 November 2, 2021 through November 1, 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?
10 units closed at The Summit at TOPS'L in the trailing 12 months, from $350,000 to $760,000. 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 The Summit at TOPS'L?
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 November 1, 2026
- Vacation-rental market data (Key Data) - updated November 1, 2026
- Neighborhood data (LiveBy / U.S. Census ACS) - updated November 1, 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 November 1, 2026.
Sources
- Florida statewide cadastral, TOPS'L parcel series including Summit (accessed October 17, 2026)
- Walton County parcel file, Summit at TOPS'L number series (accessed October 17, 2026)
- Census Bureau place boundaries over the Summit parcels (accessed October 17, 2026)
- FEMA National Flood Hazard Layer over the Summit parcels (accessed October 17, 2026)
- Florida Statutes 2026, section 718.112 (accessed October 17, 2026)
- Florida Statutes 2026, section 553.899 (accessed October 17, 2026)