117 Lakeland Drive, Miramar Beach, FL 32550

$2,550,000
Property Type: Residential Bedrooms: 9 Baths: 10 Square Footage: 3,970 Status: Sold
Current Price: $2,550,000 List Date: 12/07/2022 Last Modified: 5/01/2026

Overview

Description

PENDING. TAKING BACK UP OFFERS. Located in highly desired Villas of Frangista Beach HOA, this rental powerhouse will be amazing! Projected to bring $280,000-$340,000 in gross rental income. Surrounded by natural preserve on the back of the property it is estimated to be completed at the end of May 2023. This 9 bedroom, 9.5 bath home with a private pool and several lounging areas offers everything vacation renters are looking for.

Supplements: Carefully designed to maximize owner's rental income, it will sleep 26 people with 2 bedrooms to have bunk beds and 7 bedroom suites big enough for king size beds. Ship-lap finishes, quartz countertops in the kitchen and all bathrooms, island with quartz waterfall side walls, shaker white cabinets, stainless steel energy efficient appliances, LVP f ...

Listing Details MLS# 899696

Status Change Info

Under Contract Date
2023-04-18
Sold Date
2023-09-07
Sold Price/SqFt
642.32

Contract Info

List Price/SqFt
642.32
Listing Board
Emerald Coast

Location Tax and Legal

Area
15 - Miramar/Sandestin Resort
Street #
117
Street Name
Lakeland
Street Suffix
Drive
State
FL
Zip Code
32550
County
Walton
Project Name/Subdivision
FRANGISTA BEACH 3rd ADDN
Parcel ID
29-2S-21-42060-00A-039

General Property Info

Sub-Type
Detached Single Family
Design
Beach House
Apx SqFt(Htd/Cooled)
3970
SqFt Source
Building Plan
Full Baths
9
Half Baths
Yes
Total Bathrooms
10
# Stories
3
Year Built
2023
Garage
No
Carport
No
Pool
Yes
Pool Type
Private

Location, Tax and Legal

Sub Area
1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
Elementary School
Van R Butler
Middle School
Emerald Coast
High School
South Walton
Legal Description
LOT 39 BLK A FRANGISTA BEACH 3RD ADDITION PB 17-71 OR 2728-3343 OR 2728-3431 OR 3001-3374

Listing Info, Tax & Legal

Who Paid Title
Seller
Is Subject Leased
No
Assessment Fees
No
New Buyer Fee
No
Brokerage Interest
No Interest
As Is
Yes

More Information

Remarks & Misc

Remarks
PENDING. TAKING BACK UP OFFERS. Located in highly desired Villas of Frangista Beach HOA, this rental powerhouse will be amazing! Projected to bring $280,000-$340,000 in gross rental income. Surrounded by natural preserve on the back of the property it is estimated to be completed at the end of May 2023. This 9 bedroom, 9.5 bath home with a private pool and several lounging areas offers everything vacation renters are looking for.

Construction Status

To Be Built
Yes

Utilities

Electric
Yes
Public Sewer
Yes
Public Water
Yes

Zoning

City
Yes

Energy

AC - Central Elect
Yes

Master Bedroom

Second
Yes

Bedroom

First
Yes
Second
Yes
Third
Yes

Kitchen

First
Yes

Living Room

First
Yes

Full Bathroom

First
Yes
Second
Yes

Rooms

Bedroom
Yes
Dining Area
Yes
Full Bathroom
Yes
Kitchen
Yes
Living Room
Yes
Master Bedroom
Yes

Property Features

Construction Status: To Be Built Utilities: Electric; Public Sewer; Public Water Energy: AC - Central Elect Master Bedroom: Second Bedroom: First; Second; Third Kitchen: First Living Room: First Full Bathroom: First; Second Rooms: Bedroom; Dining Area; Full Bathroom; Kitchen; Living Room; Master Bedroom

Room Information

Room Name Level Dimensions Length Width
Master Bedroom Second 16 x 16 16.00 16.00
Living Room First 15 x 15 15.00 15.00
Kitchen First 16 x 15 16.00 15.00
Full Bathroom Second 10 x 8 10.00 8.00
Bedroom Second 15 x 16 15.00 16.00
Bedroom Third 16 x 16 16.00 16.00
Bedroom Second 15 x 14 15.00 14.00
Bedroom Third 13 x 13 13.00 13.00
Dining Area First 10 x 12 10.00 12.00
Full Bathroom First 10 x 12 10.00 12.00
Bedroom First 12 x 12 12.00 12.00
Listing Office: Century 21 ListSmart
Last Updated: May - 01 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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