For sale Home

Listed Oct 30, 2026

$1,865,000 Est. $12,335/mo

23-27 St Francis Drive South

  • 7

    Beds

  • 7

    Baths

  • 3,638

    Sq ft

The story

  • Pool

TWO HOMES. ONE EXCEPTIONAL OPPORTUNITY. Located within gated Emerald Waters Village, these two single-family homes offer one taxable parcel, one HOA assessment, and the potential for two rental income streams all within walking distance of deeded beach access. Rent both homes, enjoy one while renting the other, or create a two-home compound with the convenience of separate living spaces. Offering a combined 7 bedrooms, both homes feature main-floor living areas and primary suites, with easy-to-maintain outdoor spaces ideal for entertaining, with potential to add a private pool. One home is fully renovated with all-new stainless steel appliances, tile flooring, and quartz countertops, while the second is turn key with opportunities for future enhancements. A neighborhood path leads to deeded beach access, where you can enjoy the sugar-white sand and emerald waters of Miramar Beach. Community amenities include gated entry, two pools, green space, and overflow parking. Conveniently located near Pompano Joe's, The Whale's Tail Beach Bar & Grill, and Silver Sands Premium Outlets, you're close to beachfront dining, shopping, and entertainment. Whether you're growing your vacation-rental portfolio or looking for a beach retreat with income potential, this two-home offering gives you options.

Facts & features

Home type

Home

Year built

2004

Floors

2

Price per sq ft

$513

HOA

$590 / quarterly

Parking

2-car garage

Included features

  • Pool

    Yes

  • Cooling

    Central Air, Ceiling Fans, Multi Units

  • Heating

    Central, Electric

  • Roof

    Clay, Tile

  • Lot Information

    Paved

  • Exterior

    Patio, Outdoor Shower

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$12,335 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $9,926
  • Property tax $1,865
  • Insurance $544

Includes principal, interest, taxes & insurance.

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Listing Broker

EXP Realty LLC

Broker Name

EXP Realty LLC

Agent

Abbott Martin Group

Location

Miramar Beach FL 32550