7 days on Rocket
$10,000 Closing Credit¹
#976222, William A Flynn, Catherine Hicks, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
$950,000 List price
187 Sandy Cay Dr Miramar Beach, FL 32550
$10,000
Closing credit¹
3 beds
2 full
1,586 sqft
0.1 acres
$599 / sqft
House
Property details
About 187 Sandy Cay Dr
Welcome to Rustic Retreat—a proven rental powerhouse with serious income potential and charm to spare. With $126,074 in rental income for 2023 and $101,200 for 2024, plus 100 glowing five-star reviews, this fully furnished coastal gem isnt just a vacation home—its a high-performing investment in one of the most desirable spots along the Emerald Coast. Tucked inside the gated Paradise Retreat community, this 3-bedroom, 2-bath beach home maximizes space and style across 1,586 square feet—and comfortably sleeps up to 14 guests thanks to a smart bunk room conversion. Inside, the open floor plan flows effortlessly from a remodeled kitchen to a cozy living space ideal for relaxing or entertaining. Enjoy the upgraded breakfast bar, dry bar, and a thoughtfully designed interior that blends comfort and functionality. The oversized primary suite is a standout with upgraded tile, stone finishes, and a walk-through bunk area that adds both versatility and extra sleeping capacity. Step outside to your own private oasiscomplete with a heated saltwater pool featuring a lounging shelf and splash pad, surrounded by swaying hammocks and lush landscaping. Fire up the grill in the outdoor kitchen, or unwind with a drink in hand while the kids splash and play. Theres also a garage and ample parking, making guest stays easy and convenient. Best of all? Youre less than half a mile from the beach with 320 feet of private, deeded accessplus top-rated restaurants, shopping, and entertainment just minutes away. Whether youre looking for a second home, short-term rental investment, or both, 187 Sandy Cay Dr checks all the boxes.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size1,586 sqft
Lot size0.15 Acres
Year built2004
ParkingGarage
MLS #976701
Garage2 spaces
Private poolYes
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Electric Oven, Washer, Wine Cooler
- Interior: Breakfast Bar, Vaulted Ceilings, Recessed Lighting, Owners Closet, Pantry
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: No
- Private Pool: Yes
- Parking: Garage
- Exterior: BBQ Pit/Grill, Fenced Back Yard
- Architectural Style: Beach House
- Heating: Central
- Cooling: Central Air
- List Price: $950,000
- Price/SqFt: $598
- HOA Amount: $1361 Annually
- Annual Tax Amount: $6,571
- Tax Year: 2023
- Lot: Within 1/2 Mile to Water
- Directions: Heading East on Hwy 98, turn south onto Sandy Cay Drive. Enter through gate and follow curve on Sandy Cay to the left, home will be on your left.
- Year Built: 2004
- Stories: 1
- Living Area: 1,586 SqFt
- Lot Size: 0.15 Acres
- MLS Number: 976701
- MLS Name: Emerald Coast Association of REALTORS®
- Office Name: EXP Realty LLC
- Office Phone: (850) 213-4091
- Office Email: fl.admin@exprealty.net
- Listing Agent: Nikita Korkh, Ogle Luxury Group
Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2025, 11:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$950,000
187 Sandy Cay Dr
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 20, 2021 | Home Sold | $799,000 |
| May 06, 2019 | Home Sold | $340,000 |
| Aug 03, 2011 | Home Sold | $195,000 |
| Dec 22, 2004 | Home Sold | $380,000 |
| Dec 07, 2004 | Home Sold | $218,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $729,457 | $6,571 |
| 2022 | $652,512 | $6,047 |
| 2021 | $351,603 | $6,047 |
| 2020 | $255,585 | $3,193 |
History based on county public records data.
Nearby schools
8
Destin Elementary School
Public District PK-4
5.9 mi
•630 Kelly St
9
Bluewater Elementary School
Public District KG-5
7.5 mi
•4545 Range Rd
7
Van R. Butler Elementary School
Public District KG-5
8.0 mi
•6694 W County Highway 30A
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $48,071. The most common annual income of people living in Miramar Beach, FL is between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
35%
<35k
46%
35k-100k
16%
100k-200k
3%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
56%
Single, No Kids
4%
Single, with Kids
32%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
3%
12-17 yrs old
18%
18-34 yrs old
48%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
NASCAR
Soccer
Where do the neighbors shop?
Stein Mart
Dick's Sporting Goods
Old Navy
Where do the neighbors go to eat?
Bob Evans
Arbys
Jimmy Johns
What do the neighbors drive?
Lincoln
GMC
Lexus
What do the neighbors listen to?
News/Talk/Information
Adult Hits
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 187 Sandy Cay Dr
The listing price of 187 Sandy Cay Dr property is $950,000.
The property 187 Sandy Cay Dr is a house located in Miramar Beach, Florida, 32550.
Active Listing: 187 Sandy Cay Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 187 Sandy Cay Dr are: Destin Elementary School (GreatSchools Rating 8/10), Bluewater Elementary School (GreatSchools Rating 9/10), Van R. Butler Elementary School (GreatSchools Rating 7/10), Destin Middle School (GreatSchools Rating 8/10), Lewis School (GreatSchools Rating 8/10), C.W. Ruckel Middle School (GreatSchools Rating 9/10), Niceville High School (GreatSchools Rating 6/10), Collegiate High School at Northwest Florida State College (GreatSchools Rating 9/10), South Walton High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2023 is $6,571 (source: MLS/based on county public records data).
The last sale was on September 20, 2021 for $799,000 (source: MLS/tax record).
The property at 187 Sandy Cay Dr has 3 bedrooms and 2 bathrooms.
The property 187 Sandy Cay Dr is 1,586 SqFt (source: MLS/tax record).
The year of construction for 187 Sandy Cay Dr is 2004.
This home is located at 187 Sandy Cay Dr in Miramar Beach, FL and zip code 32550. This 1,586 square foot home, which was built in 2004, sits on a 0.15 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 21, 2025 and is currently priced at $950,000.
Miramar Beach, FL housing market in April 2025 saw over 3 listings sold above listed price, more than 5 sold at listed price and over 43 sold below. Between March and April 2025, Miramar Beach, FL real estate market has seen increase in the number of listings by 7.8%. Listings spent 81 days on the market in April 2025, and had a median list price of $736,800 during the same period.
From Rocket Homes Real Estate and based on county public records data.