Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
5 Beds
4 Baths
2,610 sqft

$915,000

257 Driftwood Road 10, Miramar Beach FL, 32550

Price per sqft$350.57
Built in2017
Property size2,610 sqft
Property typeTownhomes

Overview

Active

Listed Oct 21, 2026

Updated 17h ago

The ONLY 5-Bedroom property priced under $995,000 South of Hwy 98 in Miramar Beach and Destin! Offering unmatched value, substantial cash-flow upside, and lean operating costs, Driftwood Townhomes Unit 10 is an exceptional turnkey short-term rental or coastal family retreat. The revenue figures make this an investor's dream: the property has grossed just under $90,000 annually even with owner usage, while professional management projections reach $130,000. Operating overhead is remarkably low to protect your bottom line. Situated in desirable Flood Zone X, the home features modern construction with impact-rated windows, durable fiber-cement siding, and Trex decking, offering long-term durability and the potential for maximum wind mitigation insurance discounts. Combined with remarkably low HOA dues of just $1,000 per quarter -- covering lawn care and the heated community pool -- net cash flow remains strong. Spanning over 2,600 square feet across three stories, this fully furnished luxury residence provides the scale and privacy of a single-family home, engineered to comfortably accommodate up to 14 guests. Quality finishes include 9-foot ceilings with crown molding, natural oak hardwood flooring, porcelain tile, and 8-inch baseboards. The first level features a king bedroom, custom built-in bunk room, full bath, private grilling patio, the first of two full-size laundry areas, and an attached two-car garage with finished tile flooring and an insulated garage door. The second floor serves as an open entertaining hub flooded with natural light, showcasing a chef's kitchen with custom cabinetry, granite countertops, stainless steel appliances, an oversized wood island table, and a guest suite with a private balcony. The third floor offers an owner's sanctuary highlighted by an expansive primary suite with a deep soaking tub, walk-in closet, and double-head walk-in shower, alongside an additional en-suite bedroom and the second washer/dryer set. All coastal-inspired furnishings and decor convey, allowing for immediate bookings on day one. Guests are just a short walk (approximately 0.2 miles) to the sugar-white sand and emerald waters of Miramar Beach Regional Access by Pompano Joe's, and only minutes from world-class shopping at Silver Sands Outlets, Grand Boulevard, and Baytowne Wharf. A 5-bedroom home south of 98 under $900K with $130K earning potential and low carrying costs is almost impossible to find. Comes fully furnished, schedule your private showing today!

$6,088/mo

Est. mortgage payment based on a $915,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1014074

Interior Features

Bedrooms
5
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.03 Acres

Other Property Details

Taxes
$7,654
Tax Frequency
Annually
Garage
Yes
MLS provider logo

Courtesy of EXP Realty LLC, 
Listing Contact: 850-502-7650 

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Nancy Abraham shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 Emerald Coast Association of REALTORS. All rights reserved.

Data last updated 5:11 PM UTC, 10/23/2026

Powered by Luxury Presence