1 St Barts Bay, Destin
Walton County Real Estate - Miramar Beach
Miramar Beach is in North West Florida. It's population as recorded in the 2010 Census was 6,146. Miramar Beach is approximately 51 miles from Pensacola (population 51,923) and around 44 miles from Panama City (population 36,484).
The median age for residents of Miramar Beach is 52.1. Around 16.1% of Miramar Beach households include school aged children and 37.4% of households include individuals aged 65 years or over. Census records indicate 93.8% of the Miramar Beach population are White, 1.1% are Black or African American, .3% American Indian, 1.7% Asian and 1.5% are Two or more Races.
There are 12,385 housing units in Miramar Beach. 9,383 (75.7%) of these were reported as vacant in the 2010 Census. Miramar Beach is a tourist destination, 75.4% (7,079) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,763 residential rental units in Miramar Beach. 929 of them were occupied in 2010 providing a residential rental vacancy rate of 64.2%.
Miramar Beach links:
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Walton County
Walton County is part of the Northwest Florida region, along with Bay, Santa Rosa, Escambia, Holmes, Jackson, Washington, Okaloosa, Calhoun, Liberty, Gulf, Franklin, Gadsden, Leon, Jefferson, and Wakulla counties. Largest industries by employment are leisure & hospitality; trade, transportation, & utility; and education & health services. Major private sector employers for Walton County are Sandestin Golf and Beach Resort, Sacred Heart on the Emerald Coast, ResortQuest, and Hilton Sandestin Beach Golf Resort & Spa. Top public sector employers include Walton County School Board and Walton County Government. Cities and towns in Walton County include DeFuniak Springs, Freeport, and Paxton.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 42 Terra Cotta Way | Single Family | 2,370 | B |
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| 40 Terra Cotta Way | Single Family | 3,789 | B |
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| 44 Terra Cotta Way | Single Family | 2,780 | B |
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| 38 Terra Cotta Way | Single Family | 2,885 | B |
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| 46 Terra Cotta Way | Single Family | 4,245 | B |
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| 4 St Barts Bay | Single Family | 4,964 | A |
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| 48 Terra Cotta Way | Single Family | 3,923 | B |
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| 8 St Bart'S Bay | Single Family | 0 | A | |
| 50 Terra Cotta Way | Single Family | 2,369 | B |
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| 9 St Barts Bay | Single Family | 4,124 | B |
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| 12 St Barts Bay | Single Family | 3,901 | B |
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| 52 Terra Cotta Way | Single Family | 3,898 | B |
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| 3644 Old Hwy 98 E 4 | Vacant Residential | 0 | L | |
| 3644 Old Hwy 98 E 3 | Vacant Residential | 0 | L | |
| 3644 Old Hwy 98 E 2 | Vacant Residential | 0 | L | |
| 3640 Scenic Hwy 98 E | Single Family | 3,321 | A |
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| 3644 Old Hwy 98 E 1 | Vacant Residential | 0 | L | |
| 4773 Ocean Blvd | Single Family | 4,169 | A |
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| 4775 Ocean Blvd | Single Family | 4,841 | A |
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| 3650 Hwy 98 E 20 | Single Family | 2,148 | B |
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| 54 Terra Cotta Way | Single Family | 2,657 | B |
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| 3650 Hwy 98 E 19 | Single Family | 2,149 | B |
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| 4772 Ocean Blvd | Single Family | 10,451 | A |
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| 16 St Barts Bay | Single Family | 5,348 | A |
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| 3650 Hwy 98 E 18 | Single Family | 2,461 | B |
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| 3650 Hwy 98 E 17 | Single Family | 2,611 | B |
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| 3650 Hwy 98 E 16 | Single Family | 2,473 | B |
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| 13 St Barts Bay | Single Family | 2,998 | B |
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| 4763 Ocean Blvd | Single Family | 4,582 | A |
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| 4781 Ocean Blvd | Single Family | 3,301 | B |
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| 3650 Hwy 98 E 15 | Single Family | 2,480 | B |
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| 56 Terra Cotta Way | Single Family | 4,545 | B |
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| 4770 Ocean Blvd | Single Family | 2,360 | A |
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| 3655 Hwy 98 E A201 | Condominium | 1,314 | B |
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| 3655 Hwy 98 E A202 | Condominium | 1,314 | B |
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| 3655 Hwy 98 E A203 | Condominium | 1,740 | B |
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| 3655 Hwy 98 E A204 | Condominium | 1,314 | B |
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| 3655 Hwy 98 E A205 | Condominium | 1,740 | B |
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| 3655 Hwy 98 E A301 | Condominium | 1,314 | B |
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| 3655 Hwy 98 E A502 | Condominium | 1,314 | B |
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| 3655 Hwy 98 E A302 | Condominium | 1,314 | B |
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| 3655 Hwy 98 E A303 | Condominium | 1,740 | B |
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| 3655 Hwy 98 E A304 | Condominium | 1,314 | B |
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| 3655 Hwy 98 E A305 | Condominium | 1,740 | B |
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| 3655 Hwy 98 E A401 | Condominium | 1,314 | B |
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| 3655 Hwy 98 E A402 | Condominium | 1,314 | B |
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| 3655 Hwy 98 E A405 | Condominium | 1,740 | B |
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| 3655 Hwy 98 E A404 | Condominium | 1,314 | B |
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| 3655 Hwy 98 E A403 | Condominium | 1,740 | B |
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Local Household Income
The median household income in this part of Florida is $68,549. The bottom 10% of the population earn less than $21,092 per year. The top 10% earn more than $162,114 per year. The top 1% earn more than $423,170 per year. Most renters earn between $33,396 (20th percentile) and $58,956 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $137,098 and $171,373.
The tax assessed value of this property places it in percentile 99 of all properties in this area. This suggests it would appeal to someone earning around $423,170 per year who should qualify for a mortgage between $846,340 and $1,057,925.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,020. Most renters earn between $2,783 and $4,913 per month. They typically spend 30% of their monthly income on rent. Most rents fall in the $744 (20th percentile) to $1,362 (80th percentile) range. The residential vacancy rate is 12%.
This property falls in percentile 99 of all properties in this area. This corresponds to a rent of $3,206 per month and a monthly household income of $10,921 ($131,052 per year)
Nearby Companies
3640 Scenic Highway 98-E
13 St Barts Bay
20 St Barts Bay
3650 Secenic Highway 98 Unit 2
42 Terra Cotta Way