122 Stewart Lake CV #UNIT 278 Miramar Beach, FL 32550
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,546 sqft
Price per Sqft $387
Subdivision Seascape Condo Ph 7
MLS Listing ID 973196
Bedrooms 3
Full Baths 3
HOA Fees $1,098/mo
HOA Y/N Yes
Year Built 1985
Annual Tax Amount $5,449
Tax Year 2024
Property Sub-Type Condominium
Source Emerald Coast Association of REALTORS®
Land Area 1546
Property Description
The Condition: This unit needs cosmetic updating -- recent showing feedback confirmed as much, and we're not pretending otherwise. What it also has is a licensed contractor's scoped bid in hand: Destination Builders Group LLC (Lic. CGC1517400) has quoted a full bathroom renovation at approximately $42,000, or a minimal primary-bath-only scope at $10,788 if your buyer wants just the essential fix. That bid is available for your buyer's review.
The Comp: Unit 279, the identical floorplan two doors down, sold for $664,000 in July 2025 -- in noticeably better cosmetic condition than this unit. That gap is the opportunity: a buyer who executes the renovation is working from a real, verified ceiling, not a hopeful one.
The Income: For investor buyers, we have three years of verified host payout statement income -- $73,811 (2024), $55,262 (2025), and 2026 tracking flat with 2025 through actuals plus confirmed bookings. New HVAC installed June 2025 removes one major capital item from any renovation budget. Full underwriting package, including post-renovation income projections, available on request.
The Sellers: Motivated, realistic, and easy to work with. This is a listing where full transparency works in your buyer's favor -- we'd rather you know the real numbers now than find a surprise in due diligence.
Location
State FL
County Walton
Community Short Term Rental - Allowed, Pickle Ball, Bbq Pit/Grill, Beach, Deed Access, Exercise Room, Fishing, Gated Community, Golf, Pets Allowed, Playground, Pool, Tennis, Tv Cable, Waterfront
Area 15 - Miramar/Sandestin Resort
Direction Seascape Security gate on Hwy 98 or on Scenic 98 to Stewart Lake to Building 122
Rooms
Kitchen true
Interior
Interior Features Ceiling Vaulted, Kitchen Island, Owner's Closet, Washer/Dryer Hookup
Cooling Central Air
Flooring Floor Hardwood
Furnishings Furnished - All
Window Features Plantation Shutters,Window Treatment All
Appliance Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer
Exterior
Exterior Feature Balcony, Enclosed Patio, Balcony
Pool Pool Type
Community Features Short Term Rental - Allowed, Pickle Ball, BBQ Pit/Grill, Beach, Deed Access, Exercise Room, Fishing, Gated Community, Golf, Pets Allowed, Playground, Pool, Tennis, TV Cable, Waterfront
Utilities Available Electric, Public Water
Accessibility 8
Porch Patio Enclosed
Garage No
Building
Faces Seascape Security gate on Hwy 98 or on Scenic 98 to Stewart Lake to Building 122
Sewer Public Sewer
New Construction No
Schools
Elementary Schools Van R Butler
Middle Schools Emerald Coast
High Schools South Walton
Others
Pets Allowed No
HOA Fee Include Accounting, Ground Keeping, Insurance, Internet Service, Legal, Management, Master Association, TV Cable, Trash, Water
Tax ID 29-2S-21-42760-000-0278
Virtual Tour https://my.matterport.com/show/?m=XVnW64dgce6&play=1&qs=0&nt=1&help=2&brand=0&mls=1&
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