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$389,900

For Sale

2 years ago

UNIT 29B - 293 Sunset Bay, Miramar Beach, FL

Condo

MLS® 969085

2 Bed

2 Bath

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0

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Condominium
Levels Residential
Size -
Garage 
HOA Fees 
Taxes $3,055
Days Active 553
Approx. Age 1978
MLS® Number 969085

Property Address: unit-29b-293 Sunset Bay, Miramar Beach, FL, 32550-3090

Average square foot calculated using Size range provided by listing agent.

Description

Priced to move fast in one of Seascape Resort's most walkable garden villa locations, this ground-floor 2-bedroom, 2-bath condo puts you steps from the pool, a short stroll to the beach, and below recent comparable sales for this exact floorplan in the resort. With no stairs to climb, it is an easy, convenient layout for owners and renters alike. At 1, 110 square feet, the open living and dining area leads to a private, covered patio overlooking the golf course, quiet, shaded, and ideal for morning coffee or an evening unwind after a day at the beach. The primary bathroom was fully renovated with all-new plumbing, fixtures, and finishes, giving peace of mind on one of the areas that matters most in coastal ownership. The kitchen was previously updated with modern cabinetry and appliances, and the unit comes fully furnished and ready to use as a second home, primary residence, or income-producing rental. Documented owner net rental income has ranged from $32, 995 to $42, 920 over the past three years, details available upon request. Seascape Resort is a gated community offering five resort-style pools, eight tennis courts, pickleball courts, a golf course, and deeded private beach access, plus the on-site Whale's Tail restaurant, Seascape Towne Centre shopping and dining, and the amphitheater, home to the popular Moon Crush concert series. One of the most competitively priced 2BR/2BA units of this size in Seascape. Motivated seller, bring your offer. Property Snapshot " 2 Bed / 2 Bath, 1, 110 sq ft, ground floor, no stairs " Fully furnished, turnkey " Private covered patio, golf course view " Primary bath: full renovation, all-new plumbing and finishes " Kitchen: previously updated cabinetry, countertops, appliances " HOA: quarterly assessment, includes water, trash, cable, internet, ground keeping, master association, security, sewer, legal " Short-term rentals permitted Market Position " List price is below the $373-397/sqft range recently achieved by comparable updated twin-floorplan units in Seascape " Comparable sold units for reference: 159 Sunset Bay #23A -- sold $435, 000 (Dec 2025) " 283 Sunset Bay #28C -- sold $415, 000 (Mar 2026) " 764 Seascape #16D -- sold $412, 000 (Nov 2025, 12 days on market) Financial Notes -- Verified (Source: Seller-Provided Cost to Own Sheet + Seller Interview) " Documented owner net rental income: $42, 920 (2022), $32, 995 (2023), $34, 232 (2024). Three-year average: ~$36, 700/year. Data predates the 2025-2026 season; request an updated statement from the rental program for the most current figures. " Seller confirms these net figures are already after sales/bed tax remittance (~20% of gross). Estimated gross rental revenue: ~$41, 000-$54, 000/year, averaging ~$45, 900/year across the three years. " Self-management caveat: the seller books and manages the rental themselves -- no third-party management commission has been deducted from the net figures above. A buyer who intends to self-manage can reasonably expect similar economics. A buyer who plans to hire a property manager should underwrite a further reduction for that management fee, since this seller simply didn't pay one. " Documented annual carrying costs: Seascape Master Association $943.77/quarter + COA Phase 3 $1, 394.23/quarter ($9, 352/year combined), property taxes $3, 055.42/year (2024), electricity ~$1, 800/year. Total operating expenses: $14, 207.42/year. " Bottom line for underwriting, confirmed directly with the seller: net rental income does not yet have HOA dues, property taxes, or electricity deducted -- the owner pays those separately out of pocket after collecting rental income. True owner profit nets the two figures against each other: average ~$22, 500/year, or ~5.8% unlevered yield on the current $389, 900 ask. This is a confirmed number, not an inference -- safe to use directly with a buyer's agent. " Seller is motivated and open to a fast, clean closing timeline " Buyer's agent commission: 2.5% co-op, confirmed Bu
MLS® Number969085
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1978
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air

Extras

Rooms

Other:First Floor10 × 11 ft
Kitchen:First Floor8 × 9 ft
Master Bedroom:First Floor12 × 15 ft
Other:First Floor6 × 6 ft
Other:First Floor8 × 11 ft
Living Room:First Floor13 × 18 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 20, 2025List Date
$389,900List Price
  • Commute

Commute

Starting Address
Destination Address
293 Sunset Bay, Miramar Beach, FL

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