REO ~ Opportunity Knocks!! This gulf view home is ready to be remodeled & the buyer may put their decorating touches & have AWESOME beach getaway. Situated in the gated beachfront neighborhood of Caribe, this home has a great location, just 3 lots from GULF with gulf views & just a couple hundred yards from the beach walkway. The main house features 12' ceilings on first & second floors & fireplace in master bedroom. The master bath offers a steam shower & whirlpool tub. Enjoy gulf views from the third balcony & wet bar. Each bedroom opens to a private porch to enjoy the gulf views. In addition to the main home, there is a carriage house with kitchenette. Caribe's location is central to all of the Destin area, but yet tucked away in lush tropical landscaping offering owners plenty of privacy. Caribe's amenities include 2 pools, a tennis court, & fishing lake. Home has stucco issues, the mold has been remediated. The mold remediation has parts of the 1st floor back to studs. Home now needs a complete remodel. There is not a scope of work for remodeling nor do we have any bids at this time.
Single-familyProperty Type
2001Year Built
6,098 sq ftLot Size
$462Est. Price/Sq.Ft.
Listed by David Connart• White Sands Resort Realty Inc
REO ~ Opportunity Knocks!! This gulf view home is ready to be remodeled & the buyer may put their decorating touches & have AWESOME beach getaway. Situated in the gated beachfront neighborhood of Caribe, this home has a great location, just 3 lots from GULF with gulf views & just a couple hundred yards from the beach walkway. The main house features 12' ceilings on first & second floors & fireplace in master bedroom. The master bath offers a steam shower & whirlpool tub. Enjoy gulf views from the third balcony & wet bar. Each bedroom opens to a private porch to enjoy the gulf views. In addition to the main home, there is a carriage house with kitchenette.
NAMLS #551153
Mar 31, 2012
Listing Removed
—
Jan 24, 2011
Listed
$899,000
$288/sq ft
Jan 24, 2011
Listed
$899,000
$288/sq ft
NAMLS #490381
Dec 8, 2008
Sold
$965,000
$309/sq ft
Dec 8, 2008
Sold
$965,000
$309/sq ft
Mar 6, 2008
Listed
$995,000
$319/sq ft
Mar 6, 2008
Listed
$995,000
$319/sq ft
Public Records
Dec 21, 1999
Sold
$90,000
$29/sq ft
Public Records
Jul 21, 1998
Sold
$105,000
$34/sq ft
Public Records
Aug 8, 1994
Sold
$103,000
$33/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$10,993 (+3.4%)
2024
$10,634 (+8.9%)
2023
$9,765 (+5.5%)
2022
$9,259 (+18.0%)
2021
$7,850 (+2.6%)
$308,276 + $502,702
$810,978
2020
$7,650 (+3.2%)
$282,034 + $484,287
$766,321
2019
$7,412 (+2.7%)
$271,187 + $475,168
$746,355
2018
$7,219 (−3.4%)
$260,756 + $463,210
$723,966
2017
$7,474 (−0.4%)
$253,162 + $500,888
$754,050
2016
$7,504 (+8.8%)
$243,425 + $506,563
$749,988
2015
$6,897 (+14.0%)
$268,000 + $440,419
$708,419
2014
$6,048
Tax history for 262 Rue Martine
Year
Property tax
Land + Additions
Assessment*
2025
$10,993 (+3.4%)
2024
$10,634 (+8.9%)
2023
$9,765 (+5.5%)
2022
$9,259 (+18.0%)
2021
$7,850 (+2.6%)
$308,276 + $502,702
$810,978
2020
$7,650 (+3.2%)
$282,034 + $484,287
$766,321
2019
$7,412 (+2.7%)
$271,187 + $475,168
$746,355
2018
$7,219 (−3.4%)
$260,756 + $463,210
$723,966
2017
$7,474 (−0.4%)
$253,162 + $500,888
$754,050
2016
$7,504 (+8.8%)
$243,425 + $506,563
$749,988
2015
$6,897 (+14.0%)
$268,000 + $440,419
$708,419
2014
$6,048
*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
Beds
3
Baths
3
Stories
3
Lot width
6 ft.
Lot depth
11 ft.
Lot size
6,394 Sq. Ft.
Year renovated
2001
Sq. Ft.
3,070
Year built
2001
Style
Single Family Residential
County
Walton County
APN
272S21428100000380
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.
Energy: AC - Central Elect, Heat Cntrl Electric, Water Heater - Elect
Location
Assessment Information
Assessment Fees: Yes
Assessment Amount: 1370.00
Assessment Paid: Semi-Annually
School Information
Elementary School: Van R Butler
Middle School: Emerald Coast
High School: South Walton
Location Information
Sub Area: 1502 - Southwest Walton South
Area: 15 - Miramar/Sandestin Resort
Street #: 262
Street Name: Rue Martine
City: Miramar Beach
County: Walton
State: FL
Zip Code: 32550
Project Name/Subdivision: CARIBE
Absolute Longitude: 86.341844
Longitude: -86.341844
Latitude: 30.372752
Directions: One mile east of Silver Sands Outlet & immediately west of Hidden Dunes Resort. Turn south at Caribe entrance. Turn right at stop sign and left at fountain. Go almost to beach & home is on right.
Project Facilities
Deed Access, Pool, Waterfront
Public facts
Beds: 3
Baths: 3.0
Sq. Ft.: 3,070
Stories: 3.0
Lot Size: 6,394 square feet
Style: Single Family Residential
Year Built: 2001
Year Renovated: 2001
County: Walton County
APN: 272S21428100000380
Home facts updated by county records on Sep 8, 2026
Other
Listing Price Information
List Price: 699000.00
List Price/SqFt: 224.04
Property Information
Apx SqFt(Htd/Cooled): 3120.00
Design: Caribbean
Sub-Type: Detached Single Family
Listing Information
As Is
Around this home
Schools
Van R. Butler Elementary School
Public K-5 • Assigned • 4.9mi
9/10
Emerald Coast Middle School
Public 6-8 • Assigned • 13.7mi
8/10
South Walton High School
Public 9-12 • Assigned • 9.6mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
9/10 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)
59
44
66
52
70
58
76
64
81
71
88
77
90
80
87
77
86
74
80
66
73
60
64
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.3 hours in
June and 5.4 hours in December, placing it above the
U.S. average for solar exposure.
9.3 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.37M – $1.66M
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