Seaspray: Gulf-Front Investment Opportunity Welcome to Seaspray, a spacious nine-bedroom beachfront estate located on over half an acre in beautiful Miramar Beach. This property is ideal for large family reunions or as a lucrative investment opportunity, with an impressive rental income potential of $300K annually. With a private pool and breathtaking Gulf views, Seaspray captures the essence of coastal living. Main House: The six-bedroom, five-and-a-half-bathroom main residence offers a relaxed, functional layout for entertaining and vacationing: The first floor includes four bedroom suites, each with private bathrooms. These rooms range in style and feature two King Master Suites with views of the pool and Gulf, along with another King Suite and a children's bunk room with queen bunks and a queen trundle. Upstairs, the open living area provides expansive Gulf views through large windows. This space includes a vaulted ceiling, comfortable seating, a dining area for eight, and a practical kitchen with two refrigerators and two dishwashers perfect for preparing meals for a crowd. Additional sleeping spaces on this floor include another King Master Suite and a guest room with queen bunks. Guest Cottage: The charming guest house includes three bedrooms and two bathrooms: On the first floor, you'll find a King Master Suite with access to a full hall bathroom and an open living area connected to the kitchen and dining space. Upstairs, two Queen Guest Bedrooms share a full bathroom, offering privacy and comfort for additional guests. Upgrades & Features: The property includes several recent updates for added convenience: Trex decking and a pool deck remodel (2021) New roofs (Main House: 2016, Cottage: 2023) Tile flooring in the Cottage (2022) Updated kitchens (2020), including built-in media-ready queen bunks installed in 2019 Additional Highlights: Located on a private drive (Sandy Beach Road), with verified legal documentation ensuring privacy and towing for unauthorized parking. Ownership extends to the mean high water mark, with supporting documentation available, offering significant Gulf-front property rights. Seasonal beach service with three complimentary setups provides easy access to the stunning shoreline. Endless Potential: Seaspray offers an exceptional opportunity as both a vacation retreat and an income-generating property. Its prime location, ample space, and desirable features make it an investment worth considering for those seeking to enjoy or profit from the Gulf Coast lifestyle.
This district is primarily residential, allowing medium residential densities and supporting uses. All development is required to be connected to a public water and sewer system.
Permitted uses
Include but are not limited to:
Bank
Day care facility
Housing-Single unit
Housing-Multiple units
Mixed use building
Office
Medical office
Educational/school
Library
Museum / gallery
Jan 22, 2026 • Active
Residential electrical standalone permit - licensed contractors only
Electrical
Jul 3, 2024 • Final
Roof retro-fit 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.
Climate risks
5/10 Flood Factor
Estimated 19-29% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 103° expected this year, 22 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Miramar Beach, FL • 32550
Average low and high temperatures (°F)
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Sun exposure
79/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.2 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 20 Sandy Beach Rd
$4,147,789
$502K under list price of $4.65M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.1M to $3.6M.