Emerald Shores of South
Homes for Sale in Miramar Beach, FL
All 677 homes for sale in Miramar Beach, FL · median $652,500 · Walton County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of September 2026, Emerald Shores of South Walton in Miramar Beach, FL has 2 homes for sale. Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $837,000, a median 78 days on market, sellers accepting 94% of original asking (+0% versus the prior year). Homes listed or recently sold were built 1993–2003. At the median price and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $8,170 ($7,780 with the full homestead exemption).
| Location | Miramar Beach, Walton County, FL · ZIP 32541, 32550 |
|---|---|
| Homes in the community | 8 (FL DOR 2025 assessment roll) |
| Years built | 1993–1997 (median 1994.0) |
| Typical living area | 1,974 sq ft (median) |
| Home types (current listings and sales) | detached single family 100% |
| Amenities listed by sellers | Beach, Gated, Pool, Tennis Court(s), Deed Access, Pavillion/Gazebo |
| Sale prices, last 12 months | $837,000 median across 3 closed sales · +0.2% vs the prior 12 months |
| Days on market (closed sales) | 78 median |
| For sale right now | 2 active, 0 pending · median asking $837,500 · 8.0 months of supply |
| Owner-occupied (homestead) share | 0% |
Data as of September 20, 2026. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “EMERALD SHORES OF SOUTH WALTON key facts,” movewithmomentum.com/neighborhoods/emerald-shores-of-south-walton, data as of September 20, 2026.
Emerald Shores is a small, built-out pocket of Miramar Beach — 94 homes, all raised between 1993 and 2003, with a median just under 2,100 square feet. In a market this tight the price is set by condition and location within the community, not by new inventory. The median sits at $836,000, up 2.3% year over year, which reads as a steady, coastal-South-Walton hold rather than a runaway.
The posture right now favors patience on both sides. Median days on market is 113 — call it just under four months — with only 2 active listings and a thin 4-closing window behind the stats. Sellers should price to condition and expect a longer runway; buyers get time to underwrite carefully, but with so little on the market at once, the right home won't repeat often.
Emerald Shores of South right now
🟢 Buyer-leaning market. 8.0 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Emerald Coast MLS records, as of September 20, 2026. Confidence: Low (2 active and pending listings, 3 closed sales in 12 months).
🟡 Still climbing. The trailing-12-month median ($837K) is up 0.2% from the prior 12 months ($835K) and up 228% since 2012. With about 3 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Emerald Coast MLS closed sales, 12-month windows ending September 20. Confidence: Low (3 and 5 sales in the two windows).
What's unique here: the median sale price is about 2x the typical Walton County sale ($837K vs $400K, trailing 12 months, Emerald Coast MLS records).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 27, 2026 · Live data: Emerald Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Emerald Shores of South market snapshot (as of September 20, 2026): the median sale price is about $837K, a median 78 days on market for closed sales, and 8.0 months of supply, a buyer-leaning market. The trailing-12-month median is up 0% from the prior 12 months and up 228% since 2012, computed from record-level Emerald Coast MLS closed sales (3 closings in the current window).
In ZIP 32541 (Miramar Beach), 790 homes closed in the last 12 months at a median of $730K ($199/sq ft), down 1.9% year over year, with a median 96 days on market. Right now 488 active and 65 pending listings put supply at about 9.0 months — a soft market. See the live ZIP 32541 housing market and the Okaloosa County market.
Emerald Shores of South is a community of 8 homes in Miramar Beach, Walton County, built between 1993 and 1997 (median 1994.0), with a median living area of about 1,974 square feet. 0% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
This is a finite, established enclave in Miramar Beach — everything here was built in a single decade window, so you're buying into a fixed housing stock where updates and upkeep, not floor-plan variety, drive value.
The setting & the homes.
Aerial and on-site photos of Emerald Shores of South. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Emerald Shores of South
Emerald Shores of South
Emerald Shores of South
Emerald Shores of South
Emerald Shores of SouthPhotos from Emerald Coast MLS listings in Emerald Shores of South; content deemed reliable but not guaranteed.
Who Emerald Shores of South is best for.
Best for
- Second-home or coastal-rental buyers comfortable in the mid-$800s who want an established Miramar Beach location
- Buyers willing to trade selection for scarcity and hold for the medium-to-long term
- Renovation-minded buyers who can evaluate 1990s-era systems and price accordingly
Probably not for
- Buyers needing a fast in-and-out with quick resale liquidity
- Anyone wanting new construction or a broad menu of active listings to compare
- Buyers seeking shared community amenities, since none are identified in current listings
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Emerald Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($837K) IS the median in the snapshot above, and the move from 2025 ($835K) IS the +0.2% one-year change.
Windows contain 0 to 9 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
10% of homes for sale in ZIP 32550 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-24).
Emerald Shores of South Market Scorecard
Emerald Shores of South is currently a buyer-leaning market. About 8.0 months of supply, a median asking price of $837,500, and homes go under contract in about 149 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Emerald Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Emerald Shores of South
Live MLS inventory for Emerald Shores of South. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Emerald Shores of South listings as of 2026-09-26, priced high to low. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Every Home for Sale in Emerald Shores Of South Walton Right Now (2)
All 2 active and pending Emerald Shores Of South Walton listings with a detail page, newest first, refreshed twice a day from the MLS.
- 11 Topaz Cove · $850,000 · 4 bd / 3 ba · listed Jun 27, 2026 · listed by Keller Williams Realty Destin
- 15 Pearl Cove · $825,000 · 3 bd / 2.5 ba · listed Jun 27, 2026 · listed by Real Broker LLC
Emerald Shores of South on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Emerald Coast MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Walton County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Van R Butler · Elementary
- Emerald Coast · Middle
- South Walton · High
Zoned schools reflect the assignments reported on recent Emerald Shores of South listings and can change; always confirm with Walton County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Emerald Shores of South address.
Shop the zone: Homes zoned for Destin High School · Homes zoned for South Walton High School
Recent Developments in Emerald Shores Of South Walton
Development, infrastructure, retail, and school activity affecting Emerald Shores Of South Walton, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Infrastructure
Scenic Walton advances underground utilities and gateway landscape projects
Scenic Walton reported progress on countywide initiatives, including a $200,000 Freeport U.S. 331 gateway landscape project supported by a $100,000 FDOT Highway Beautification Grant, plus a 30A West gateway landscape project and early planning for countywide underground utilities. Funding for the utilities study advanced into Walton County's draft budget for fiscal year 2026 to 2027.
What it may mean for the marketAdvances roadway beautification and stormwater improvements along the Freeport U.S. 331 corridor and the 30A west gateway and lays groundwork for utility resilience upgrades across Walton County. The site is about 16 miles northeast of Emerald Shores Of South Walton.
Source: Get The Coast - June 2026Civic
DeSantis signs state budget with funding for Okaloosa County projects
Governor DeSantis signed the state budget that included roughly $15 million for 20 Okaloosa County projects, among them $5 million for the Northwest Florida State College Workforce Innovation Center in Niceville, $1.5 million for Shalimar Bridge Park, and $3 million for Destin road and drainage work. About $7.26 million in other local requests were vetoed.
What it may mean for the marketDirects state funding toward workforce, park, road, and drainage infrastructure across Okaloosa County, supporting public facilities and capacity in Niceville, Shalimar, and Destin. The site is about 14 miles northwest of Emerald Shores Of South Walton.
Source: Get The Coast
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
The Emerald Shores of South buying strategy.
If we were buying in Emerald Shores of South today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Emerald Shores of South.
A fixed-stock coastal enclave
With 94 homes and a construction window that closed around 2003, Emerald Shores doesn't grow — turnover is the only way in. That scarcity cuts two ways: it keeps the community consistent, but it also means comparables are limited and each sale carries weight. The homestead share is roughly 2%, which tells you this stretch of South Walton leans heavily toward second-home and rental use rather than full-time occupancy — worth factoring into how you plan to hold and finance.
The 1993–2003 build range and a median year of 1995 mean roofs, systems, and finishes are the real story on price. A home that's been methodically updated will command a very different number than one that hasn't, even at similar square footage. There are no community amenities identified in current MLS listings, so value here rests on the house itself and its position near the Miramar Beach coastline — not on shared facilities.
The location and the amenities are priced into every listing in Emerald Shores of South. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Emerald Shores of South buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 5 factors (4.8). Basis: Long-Term Appreciation +228% since 2012; Recent Direction +0.2% year-over-year; Liquidity & Demand 8.0 months of supply; Owner Commitment 0% owner-occupied; Pricing Power 93.6% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a community with only a couple of active listings and a handful of recent closings, the difference between a fair price and a wishful one comes down to reading condition against thin comps. We underwrite each home on its updates, systems, and coastal location — and we'll tell you plainly when a longer days-on-market figure reflects the market versus a specific property's pricing.
Emerald Shores of South in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Emerald Shores of South buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Emerald Shores of South sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Emerald Shores of South, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Emerald Shores of South home worth?
Get a no-obligation home value based on real comparable sales in Emerald Shores of South, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Miramar Beach →
Frequently Asked Questions
What is the median home price in Emerald Shores of South?
How long do homes in Emerald Shores of South take to sell?
Is Emerald Shores of South a buyer's or seller's market right now?
How many homes are in Emerald Shores of South?
What share of Emerald Shores of South is owner-occupied?
When were the homes in Emerald Shores of South built?
Have Emerald Shores of South home prices gone up?
Who is the best real estate agent for Emerald Shores of South?
How do I find a top Miramar Beach real estate agent who knows Emerald Shores of South?
Can Momentum Realty connect me with an agent for Emerald Shores of South?
Where is Emerald Shores of South, and what county is it in?
Should you buy in Emerald Shores of South?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Emerald Coast MLS, refreshed twice daily (last: September 26, 2026) |
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32541/32550)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2001 (57 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Emerald Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Emerald Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how EMERALD SHORES OF SOUTH WALTON fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Emerald Shores of South with Momentum Realty’s local guides.