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145 Marigot Bay CIR 0.0 Miramar Beach, FL 32550
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Key Details
Sold Price $945,000
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,047 sqft
Price per Sqft $461
Subdivision Paradise Retreat
MLS Listing ID 983205
Style Ranch
Bedrooms 4
Full Baths 2
Year Built 2004
Annual Tax Amount $6,162
Tax Year 2024
Lot Size 7,405 Sqft
Property Sub-Type Detached Single Family
Property Description
'Manta Ray Getaway' is a proven performer—over $100,000 in rental income in past years—and positioned to earn even more with strategic upgrades. Located in Paradise Retreat, a gated community with exclusive 320-foot deeded Gulf access, this property offers what investors look for most: high demand, low competition, and clear growth potential.
The Numbers Tell The Story:
Sleeps 10 comfortably with 4 beds, 2 baths, and 2,047 sq. ft. — the largest floor plan in the neighborhood. Fully furnished and turnkey with new LVP flooring, upgraded kitchen appliances, and quartz countertops.
Private heated L-shaped pool, BBQ station, tanning deck, and space for easy-to-add, high-ROI amenities like a hot tub, putting green, or cornhole court. Upside Built In Already: Two large living areas, one converted into a game roomarcade games and foosball that keep occupancy high and reviews strong. Recent major updates: new roof & pool pump motor (2021), new fence (2020), water heater (2019). No flood insurance required and low HOA fees increase net returns.
The Bottom Line:
With its proven track record, income-boosting potential, and premium beach access, "Manta Ray Getaway" offers both immediate cash flow and long-term appreciation. It's also an outstanding option as a second home or even a full-time residencegiving you the flexibility to enjoy the property yourself while it works for you.
Location
State FL
County Walton
Community Beach, Deed Access, Gated Community, Pets Allowed, Tv Cable
Area 15 - Miramar/Sandestin Resort
Zoning Resid Single Family
Rooms
Dining Room true
Interior
Heating Central
Cooling Ceiling Fans, Central Air
Flooring Floor Tile
Exterior
Exterior Feature Lawn Pump, Sprinkler System, Covered Patio, Sprinkler System, Lawn Pump
Parking Features Garage
Garage Spaces 2.0
Pool Pool Type
Community Features Beach, Deed Access, Gated Community, Pets Allowed, TV Cable
Utilities Available Electric, Gas - Natural, Phone, Public Water, TV Cable
Roof Type Composite Shingle
Building
Lot Description Covenants, Interior, Restrictions, Sidewalk, Within 1/2 Mile to Water
Story 1
Foundation Slab
Sewer Public Sewer
New Construction No
Schools
Elementary Schools Van R Butler
Middle Schools Emerald Coast
High Schools South Walton
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