***OPEN HOUSE, TUESDAY, JULY 14, NOON-2PM*** The ONLY 5-Bedroom Home Priced Under $1,000,000 in Miramar Beach South of Hwy 98! Opportunities like this rarely hit the market. Proven rental income, superior construction, over 2,600 square feet of living space, low HOA dues, heated community pool, and beach access right down the street all combine to make Driftwood Townhomes Unit 20 a value that's almost impossible to find.


Built in 2017, this fully furnished luxury townhome offers the space of a single-family home with the convenience of HOA-provided lawn and pool care. True craftsmanship is evident throughout, featuring nine-foot ceilings with crown molding, natural oak hardwood floors, porcelain tile, 8' baseboards, impact-rated windows, Trex decking, and durable fiber-cement construction. Engineered to comfortably accommodate up to 12 guests, the smart three-story layout maximizes space and flow. The first floor features a spacious king bedroom, custom built-in bunk room, full bath, private grill patio, the first of two washer/dryers, and the attached two-car garage with tile floor and insulated garage door. The second floor is an entertaining hub flooded with natural light, boasting an expansive open living area, a chef's kitchen with custom cabinetry, granite countertops, stainless appliances, an oversized wood island table, and a guest bedroom with a private balcony and shared bath. The third level serves as an owner's sanctuary, featuring a sprawling primary suite with a huge walk-in closet, a deep garden tub, and an oversized double-head shower. The third level also has another bedroom, en-suite bath, as well as the second washer/dryer set. The coastal-inspired furnishings throughout the home will convey to the new buyer.

This high-capacity, luxury design is exactly why the numbers are so compelling for investors. While the property grossed over $62,000 in 2025, that figure reflects heavy owner usage during peak holiday weeks. Because the current owners prioritized the property as a well-maintained second home rather than a pure rental, a dedicated investor can expect annual projections to far exceed current performance. The rental manager has exceptional Airbnb reviews and would be happy to continue managing, providing immediate bookings and income. Additionally, the quarterly HOA dues are remarkably low at only $1,000/quarter. This efficiently covers lawn maintenance, trash, and the heated community pool, which keeps vacationers happy and profits strong.

That exceptional income potential is driven by a fantastic coastal location. Unit 20 sits as the closest unit to the shore in the entire complex! It is only about 0.2 miles from the sugar-white sands of the Miramar Beach Regional Access by Pompano Joe's. This prime location places the property just minutes from world-class shopping at Silver Sands Premium Outlets, upscale dining and entertainment at Grand Boulevard and the Village of Baytowne Wharf, and top-rated coastal attractions along the coast. Offering the ultimate combination of size, location, builder quality, and cash-flow potential, Unit 20 represents a top tier investment in Miramar Beach. Schedule your showing today. A video tour is also available.

Waterfront Living with No building HOA! Holiday Isle HOA is $445 yearly. Don't miss this rare opportunity to own a canal-front townhome in a fantastic location with beautiful views of the Destin Harbor. Whether you're a boating enthusiast looking for your own private dock or an investor seeking a high-performing vacation rental, this property checks all the boxes. Short-term rentals are permitted, offering excellent income potential.

Relax and take in the waterfront lifestyle from one of two spacious decks or the upstairs balcony--perfect for morning coffee, sunset cocktails, or entertaining family and friends. Cast a line right from your deck, launch your boat from your private dock, and cruise over to Crab Island in minutes.

Inside, you'll find beautiful bamboo flooring throughout the bedrooms and tile flooring in the main living and dining areas. The stackable washer and dryer are conveniently located on the same level as the bedrooms. A downstairs half bath, not included in the listed square footage, provides added convenience with easy access from the lower deck after a day on the water.

Whether you're searching for a primary residence, vacation getaway, or investment property, this waterfront gem offers the perfect combination of location, lifestyle, and opportunity.