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Sold

145 Marigot Bay Circle

145 Marigot Bay Circle, Miramar Beach, FL 32550

$945,000
'Manta Ray Getaway' is a proven performer--over $100,000 in rental income in past years--and positioned to earn even more with strategic upgrades. Located in Paradise Retreat, a gated community with exclusive 320-foot deeded Gulf access, this property offers what investors look for most: high demand, low competition, and clear growth potential.

The Numbers Tell The Story:

Sleeps 10 comfortably with 4 beds, 2 baths, and 2,047 sq. ft. -- the largest floor plan in the neighborhood. Fully furnished and turnkey with new LVP flooring, upgraded kitchen appliances, and quartz countertops.

Private heated L-shaped pool, BBQ station, tanning deck, and space for easy-to-add, high-ROI amenities like a hot tub, putting green, or cornhole court. Upside Built In Already: Two large living areas, one converted into a game roomarcade games and foosball that keep occupancy high and reviews strong. Recent major updates: new roof & pool pump motor (2021), new fence (2020), water heater (2019). No flood insurance required and low HOA fees increase net returns.

The Bottom Line:
With its proven track record, income-boosting potential, and premium beach access, "Manta Ray Getaway" offers both immediate cash flow and long-term appreciation. It's also an outstanding option as a second home or even a full-time residencegiving you the flexibility to enjoy the property yourself while it works for you.

4
beds

2
baths

2,047 Sq.Ft. LIVING AREA

7,405.2 Sq.Ft. lot

Donna Gonzalez

Donna Gonzalez

Features & Amenities

Interior

  • total bedrooms4
  • Total bathrooms2
  • full bathrooms2
  • APPLIANCES Auto Garage Door Opn, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Gas
  • other interior Features Breakfast Bar, Ceiling Vaulted, Split Bedroom, Washer/Dryer Hookup

Area & Lot

  • Status Sold
  • Date Sold September 19, 2025
  • Living Area2,047 Sq.Ft.
  • Total Area2,047 Sq.Ft.
  • Lot Area7,405.2 Sq.Ft.
  • MLS® ID983205
  • TypeResidential
  • YEAR BUILT2004
  • NeighborhoodMiramar Beach
  • Architecture StylesRanch
  • Elementary SchoolVan R Butler
  • Middle SchoolEmerald Coast
  • High SchoolSouth Walton

Exterior

  • STORIES1
  • Garage Space2.0
  • utilitiesElectric, Gas - Natural, Phone, Public Water, TV Cable
  • PoolPool Type
  • lot featuresCovenants, Interior, Restrictions, Sidewalk, Within 1/2 Mile to Water
  • parkingGarage
  • HEAT TYPECentral
  • AIR CONDITIONINGCeiling Fans, Central Air
  • other exterior FeaturesLawn Pump, Sprinkler System

Financial

  • Sales Price$945,000
  • Real Estate Tax $6,163/yr
  • HOA $1,361/yr
  • Zoning Resid Single Family

Miramar Beach

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Work With Donna

Experience a personalized and professional approach to real estate in Destin, Florida. Every step is guided with expert local insight, clear communication, and a focus on your goals. The process is designed to be smooth, supportive, and results-driven from start to finish.
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Contact Details

Donna Gonzalez

Phone

(850) 687-4478

Email

[email protected]

Address

36150 Emerald Coast Pkwy STE 101 Destin, FL 32541

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