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7 Beds
8 Baths
3,130 sqft

$1,810,000

20 N Payne Street, Miramar Beach FL, 32550

Price per sqft$578.27
Built in2025
Property size3,130 sqft
Property typeResidential

Overview

Active

Listed Jul 12, 2026

Updated Jul 13

The current property management company is offering a $170,000 rental income guarantee for 2027, providing a compelling opportunity for investors seeking both immediate cash flow and downside protection. Welcome to 16 Blue Ohana Court in Miramar Beach, a fully furnished and turnkey 7-bedroom, 7.5-bath luxury vacation rental designed for strong short-term rental performance and immediate income generation. This spacious three-story home comfortably sleeps up to 22 guests and is being sold completely rental-ready, including a brand-new 6-seat street-legal golf cart, allowing for a seamless transition for any investor. The property already has over $130,000 in bookings secured for 2026 and is projected to finish the year at approximately $170,000 in rental income despite a delayed start in late February, with projected revenue for 2027 estimated between $190,000 and $210,000. The home is purpose-built to maximize occupancy and revenue, featuring five king suites with private bathrooms and two high-capacity bunk rooms designed for large groups. The open-concept layout includes a chef's kitchen with a gas range, expansive living and dining areas, multiple lounge spaces, and a dedicated game room, all thoughtfully designed to enhance the guest experience. The private backyard offers a resort-style setting with a heated pool, covered outdoor living space, and ample room for entertaining, which are key drivers for repeat bookings and premium nightly rates. Multiple balconies and gathering areas throughout the home provide both privacy and functionality for large groups, and a community sand volleyball court is currently being constructed, adding another attractive amenity for guests and enhancing overall rental appeal. Ideally located just about a one-minute golf cart ride to Miramar Beach's largest public beach access, the property offers easy access to the Gulf along with close proximity to Destin, Sandestin Resort, and Scenic Highway 30A. Guests benefit from nearby dining, shopping, and entertainment, further supporting consistent rental demand year-round. This property stands out as a high-performing, income-producing asset with future bookings already in place, professional management available, and no additional setup required, making it an exceptional opportunity for investors seeking a proven luxury vacation rental in one of the Emerald Coast's most desirable markets.

$12,042/mo

Est. mortgage payment based on a $1,810,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1007479

Interior Features

Bedrooms
7
Bathrooms
8
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.09 Acres

Other Property Details

Taxes
$824
Tax Frequency
Annually
Pool
Yes
MLS provider logo

Courtesy of Beach House Sales and Development, 
Listing Contact: 850-853-9153 

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Coastal Abode shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 3:47 AM UTC, 7/13/2026

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