Entered for comp purposes only. Inquire within! *This property is designed as a multi-family, but is legally recorded with the county under single family.* Don't miss out on this unique investment opportunity to own a 5-unit income property with a private resort feel. Located south of 98, it is only 0.2 miles to the public beach access with NO HOA fees! Each unit boasts stylish, low maintenance polished concrete floors, modern kitchens with quartz countertops, modern bathrooms with large format tile and freestanding tubs. Recent upgrades include a new roof, water heaters, and HVAC. The impact-rated windows provide hurricane protection, while front & back patios enhance outdoor living. An outdoor shower is conveniently available for beachgoers, and the property features new landscaping
Single-familyProperty Type
1981Year Built
0.3 acresLot Size
$540Est. Price/Sq.Ft.
Listed by Joshua H. Callahan, REALTOR® Callahan• Scenic Sotheby's International Realty
Bought with Joshua H. Callahan, REALTOR® Callahan• Scenic Sotheby's International Realty
Welcome to a rare opportunity to own the perfect lot in Miramar Beach! This prime piece of real estate is just four minutes away from a beautiful white sandy beach and crystal clear waters, allowing you to enjoy the natural wonders of life every day. This incredible beach lot provides an opportunity to build a truly special home or even a rental property. The local community has plenty to offer, such as fresh seafood restaurants, local markets filled with goods, public beach access to unwind and take in a sunset. Currently there are 5 rental units in place (Four 2 bedroom and One 1 bedroom) with tenants on a month to month basis. May qualify to be granfathered as current use. Don't miss this chance - come see how this lot fits into your plans to build today!
ECAR #902701
Feb 2, 2023
Delisted
—
Dec 11, 2022
Relisted
—
Dec 11, 2022
Relisted
—
Sep 15, 2022
Pending
—
Sep 15, 2022
Pending
—
Sep 15, 2022
Listing Removed
—
Aug 18, 2022
Price Changed
$1,600,000
$410/sq ft
Aug 18, 2022
Price Changed
$1,600,000
$410/sq ft
Jul 1, 2022
Listed
$1,995,000
$511/sq ft
Jul 1, 2022
Listed
$1,995,000
$511/sq ft
ECAR #902568
Feb 2, 2023
Delisted
—
Dec 11, 2022
Relisted
—
Dec 11, 2022
Relisted
—
Sep 15, 2022
Pending
—
Sep 15, 2022
Pending
—
Sep 15, 2022
Listing Removed
—
Aug 18, 2022
Price Changed
$1,600,000
$410/sq ft
Aug 18, 2022
Price Changed
$1,600,000
$410/sq ft
Jun 30, 2022
Listed
$1,995,000
$511/sq ft
Jun 30, 2022
Listed
$1,995,000
$511/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,749 (+119.4%)
2024
$2,620 (+26.2%)
$175,000 + $111,806
$286,806
2023
$2,076 (−5.4%)
$93,050 + $135,412
$228,462
2022
$2,195 (+7.3%)
2021
$2,046 (+0.3%)
$90,347 + $120,974
$211,321
2020
$2,039 (+1.9%)
$82,754 + $121,546
$204,300
2019
$2,002 (+6.1%)
2018
$1,888 (+4.9%)
2017
$1,799 (+3.2%)
$74,259 + $122,841
$197,100
2016
$1,742 (+6.8%)
$71,428 + $125,180
$196,608
2015
$1,631 (+27.7%)
$54,697 + $127,519
$182,216
2014
$1,277
Tax history for 159 Driftwood Rd
Year
Property tax
Land + Additions
Assessment*
2025
$5,749 (+119.4%)
2024
$2,620 (+26.2%)
$175,000 + $111,806
$286,806
2023
$2,076 (−5.4%)
$93,050 + $135,412
$228,462
2022
$2,195 (+7.3%)
2021
$2,046 (+0.3%)
$90,347 + $120,974
$211,321
2020
$2,039 (+1.9%)
$82,754 + $121,546
$204,300
2019
$2,002 (+6.1%)
2018
$1,888 (+4.9%)
2017
$1,799 (+3.2%)
$74,259 + $122,841
$197,100
2016
$1,742 (+6.8%)
$71,428 + $125,180
$196,608
2015
$1,631 (+27.7%)
$54,697 + $127,519
$182,216
2014
$1,277
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
9
Baths
9
Stories
1.5
Lot width
8 ft.
Lot depth
17 ft.
Lot size
0.29 Acres
Year renovated
2024
Sq. Ft.
3,907
Year built
1981
Style
Single Family Residential
County
Walton County
APN
302S21422900000851
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 9, 2026.
RP
Residential Preservation District
This district consists primarily of subdivisions existing as of November 7, 1996, approved development projects which are vested or built out, or recorded platted subdivisions that have infrastructure in place and are substantially built out.
Permitted uses
Include but are not limited to:
No uses permitted by right
Jun 26, 2024 • Final
Roof standalone permit - licensed contractors only
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
No
No
Interior
Bedroom Information
Bedrooms: 9
Bedroom: First
Master Bedroom: First
Bathroom Information
Full Baths: 9
Half Baths: 0
Total Baths: 9.00
Full Bathroom: First
Room Information
Rooms: Bedroom, Bonus Room, Full Bathroom, Kitchen, Laundry, Living Room, Loft, Master Bathroom, Master Bedroom