1. Florida
2. Miramar Beach
3. 145 Marigot Bay Circle

145 Marigot Bay Circle, Miramar Beach, FL 32550

• 4 beds |
• 2 baths |
• 2,047 sqft

Property Description

'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.

Listing Status:

Pending

Date Added:

August 15, 2025 at 05:00AM

Listing Office:

Keller Williams Realty Destin : 850-654-2900

Listing Agent:

At The Beach Team : 850-654-3325

MLS ID:

983205

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This listing courtesy of At The Beach Team, Keller Williams Realty Destin