Bungalos at Sandestin

01How the building is trading

7 units closed at Bungalos at Sandestin in the trailing 12 months at a median of $800,000, with a 96.3% median list-to-sale ratio. On the active side, 1 of 2 listings sits below original list price, and standing inventory works out to 3.4 months of supply at the current sales pace.

The usual levers are missing here, which makes the one that remains easy to see. Every cottage on this lane was finished in 2004 or 2005, fifty-five of them in the later year, so age separates almost nothing. Recorded living areas are nearly as flat, running from about 1,620 to 2,216 square feet with the middle near 1,676, which sits far closer to the floor of that range than to its ceiling: most of the lane is built to something close to one size. The ground underneath is where the variation actually lives. Lots run from about 3,164 to 8,399 square feet, a spread of more than two and a half times, with the middle near 5,312. Two cottages of the same vintage and nearly the same size can therefore stand on parcels that differ by double, and a figure quoted per square foot of living area will hide that completely, because living area is the part that barely moves. Compare on lot size and position rather than on floor area. Set two further items beside whatever figure comes out of that. The resort's golf, tennis and beach service are the resort company's to sell and are funded by neither this enclave's dues nor the master assessment, so a comparison that assumes them is pricing a purchase this address does not include. And flood mapping here is a parcel question rather than a community one: the lane reads Zone X apart from a single lot at its eastern end, the cottage at 2462 Bungalo Lane, clipped at its edge by a Zone AE area at a base flood elevation of 7 feet. Every other parcel on the lane was asked on its own outline and came back outside that area. Settle the mapping on the parcel before an insurance figure enters a comparison, because one address on this lane carries a question the other sixty-eight do not.

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.

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.

02From the active file

2 units are on the market at Bungalos at Sandestin today:

Short-term rental potential

$770,000

2467 Bungalo Lane

Miramar Beach, FL 32550

3 bd 2 ba 1,596 sqft

Price ReducedShort-term rental potential

$790,000

2436 Bungalo Lane

Miramar Beach, FL 32550

3 bd 4 ba 1,596 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.

03The investor file

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

04What similar rentals earn nearby

05The neighborhood: Mack Bayou

Bungalos at Sandestin sits in or beside the Mack Bayou Census neighborhood - the area figures below describe that neighborhood, not this building alone.

06Reading this file