Price Reduction
Address
61 Shelley's Way, Miramar Beach, FL
Price
$ 1,280,000
Property Attributes
- MLS#1007590
- TypeSingle Family
- Listing Status Active
- CountyWalton
- CityMiramar Beach
- AreaMiramar-Sandestin Resort
- NeighborhoodFRANGISTA BEACH 3RD ADDN
- Zip32550
- StyleBeach House
- Year Built2019
- Taxes$ 9224
- Price$ 1,280,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2512
- Lot Size0.13 Acres
Data Source:
Emerald Coast MLS (ECAR)
Property Description
Located in the gated Villas of Frangista community within the highly desirable third addition of Frangista Beach, 61 Shelley's Way presents an exceptional opportunity to own a beautifully appointed coastal home in the heart of Miramar Beach. Featuring 4 bedrooms, 4 full bathrooms, a private pool, and access to a community pool, the property is ideally suited as a primary residence, second home, or income-producing short-term vacation rental. The home is being sold fully furnished with only a few minor exclusions, offering buyers a convenient and nearly turnkey ownership opportunity. Inside, the thoughtfully designed floor plan features an open-concept living, dining, and kitchen area filled with natural light and coastal-inspired finishes. Wood flooring, a soft neutral color palette, and an inviting layout create a bright and welcoming atmosphere for everyday living and entertaining. The kitchen is equipped with white quartz countertops, stainless steel appliances, a spacious island with seating, and a dedicated coffee and beverage bar complete with a wine chiller. Four well-appointed bedrooms, including a spacious primary suite, provide comfortable accommodations for family and guests, while multiple ensuite and adjacent bathrooms offer convenience and privacy. The outdoor living space is designed for enjoying Florida's year-round lifestyle. A covered porch overlooks the fenced backyard and private pool, creating an ideal setting for relaxing or entertaining. An outdoor living area with a fire feature, television, and generous patio space extends the home's living area outdoors, while the attached garage provides additional storage for beach gear and everyday convenience. The property also offers strong short-term vacation rental and investment potential. Current rental activity exceeds $55,000 for the year, despite scheduled owner usage and blocked dates. Rental projections indicate the potential to generate up to approximately $78,000 in annual gross rental revenue when made consistently available for guest use. Owners enjoy the privacy and security of a gated neighborhood along with access to the community pool. While the property does not include deeded private beach access, the Miramar Beach Regional Public Beach Access adjacent to Pompano Joe's is just a quick golf-cart or bike ride away. One of the area's premier public beach accesses, it offers convenient parking, restrooms, showers, bike racks, ADA accessibility, and seasonal lifeguards. Perfectly positioned in the heart of Miramar Beach, the home places you just minutes from the white-sand beaches of the Emerald Coast, Silver Sands Premium Outlets, Grand Boulevard, Sandestin Golf and Beach Resort, championship golf, dining, entertainment, and grocery shopping. Scenic Highway 30A and its iconic beach communities are only a short drive away, while Destin's world-class fishing, boating, restaurants, and shopping are equally convenient. Whether you are searching for a full-time residence, luxurious second home, or furnished income-producing investment property, 61 Shelley's Way delivers an outstanding combination of location, privacy, rental potential, outdoor living, and coastal lifestyle in one of Miramar Beach's most desirable gated communities.
| Elementary School | Middle School | High School |
|---|---|---|
| Van R Butler Elementary School | Emerald Coast Middle School | South Walton High School |
| Price History | |
|---|---|
| 7/14/2026 | Listed $1,295,000 |
| 9/9/2026 | 1$1,280,000 |
General Features
| Utilities | Electric,Gas - Natural,Public Water,TV Cable |
|---|---|
| Zoning | Resid Single Family |
| Property Subtype | Detached Single Family |
| Community Features | Short Term Rental - Allowed,Community Room,Gated Community,Pool |
| County | Walton |
| Property Type | Residential |
| Subdivision Name | FRANGISTA BEACH 3RD ADDN |
| Status | Active |
| Directions | 1) From US-Hwy 98, Head south on S Holiday Rd, drive 0.5 miles 2) Turn left onto Scenic Gulf Dr/Scenic Hwy 98, drive 0.2 miles 3) Turn left onto Miami St, drive 0.4 miles (gate code required) 4) Turn right onto Mobile St, drive 266 feet 5) Turn left onto Lake St/Lakeland Dr, drive 397 feet 6) Turn left onto Shelley's Way, drive 187 feet 7) The destination is on the right (61 Shelley's Way) |
| High School | South Walton |
| City | Miramar Beach |
| MLS Area | 15 - Miramar/Sandestin Resort |
| Lot Size Units | Acres |
| Lot Size Square Feet | 5662.8 |
| Elementary School | Van R Butler |
| Middle/Junior High School | Emerald Coast |
| MLS Area Minor | 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort |
| Standard Status | Active |
| Sewer | Public Sewer |
| Tax Assessed Value | 450 |
| Heating | Heat Pump A/A Two + |
| Cooling | Ceiling Fans,Central Air |
| Garage Spaces | 1 |
| Patio/Porch Features | Patio Covered,Patio Open,Porch,Porch Open |
| Architectural Style | Beach House |
| Construction Materials | Concrete,Block,Siding CmntFbrHrdBrd |
| Year Built | 2019 |
| Stories Count | 2 |
| Tax Year | 2025 |
| New Construction | false |
| Attached Garage | true |
| Total Rooms | 10 |
| Carport Y/N | false |
| Property Condition | Construction Complete |
| Association Fee Includes | Accounting,Ground Keeping,Master Association,Recreational Faclty,Security |
| Pool Features | Pool - Heated,Pool - In-Ground,Pool Type |
| HOA | true |
| Virtual Tour | https://my.matterport.com/show/?m=gkCBcy7he26 |
Interior Features
| Total Baths | 4 |
|---|---|
| Interior Amenities | Breakfast Bar,Ceiling Raised,Kitchen Island,Lighting Recessed,Pantry,Shelving,Washer/Dryer Hookup |
| Flooring | Floor Vinyl |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | Plantation Shutters,Window Treatment All |
| Furnished Y/N | Furnished - All |
Exterior Features
| Lot Features | Covenants,Restrictions,Within 1/2 Mile to Water |
|---|---|
| Lot Size Area | 0.13 |
| Lot Dimensions | 25x31x77x54x100 |
| Lot Size Acres | 0.13 |
| Road Surface Type | Paved |
| Road Frontage Type | Private Road |
| Exterior Amenities | Columns,Fenced Back Yard,Lawn Pump,Pool - Gunite Concrt,Sprinkler System |
| Foundation Details | Slab |
| Building Area Total | 2512 |
| Parking Features | Garage |
| Total Parking | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32550
Price
Taxes
Year Built
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
