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!

Listing courtesy of Nikita Korkh of EXP Realty LLC



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Last checked: 2026-10-22 07:25 PM UTC