145 Marigot Bay Circle, Miramar Beach, FL 32550
Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties



145 Marigot Bay Circle,Miramar Beach, FL 32550
$950,000
- 4 Beds
- 2 Baths
- 2,047 sq. ft.
- Single family
- Active
Listed by:at the beach team
Office:keller williams realty destin
MLS#:983205
Source:FL_ECAR
Price summary
- Price:$950,000
- Price per sq. ft.:$464.09
About this home
'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.
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Home facts
- Year built:2004
- Listing Id #:983205
- Added:1 day(s) ago
- Updated:August 15, 2025 at 07:37 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Living area:2,047 sq. ft.
Structure and exterior
- Year built:2004
- Building area:2,047 sq. ft.
- Lot area:0.17 Acres
Schools
- High school:South Walton
- Middle school:Emerald Coast
- Elementary school:Van R Butler
Utilities
- Water:Public Water
Finances and disclosures
- Price:$950,000
- Price per sq. ft.:$464.09
- Tax amount:$6,163 (2024)
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