Frangista Beach
Homes for Sale in Miramar Beach, FL

Frangista Beach market snapshot (as of September 20, 2026): the median sale price is about $1.26M, a median 77 days on market for closed sales, and 16.5 months of supply, a buyer-leaning market. The trailing-12-month median is up 5% from the prior 12 months, computed from record-level Emerald Coast MLS closed sales (8 closings in the current window).

In ZIP 32550 (Miramar Beach), 530 homes closed in the last 12 months at a median of $729K, up 3.7% year over year, with a median 99 days on market. Right now 355 active and 39 pending listings put supply at about 9.8 months — a soft market. See the live ZIP 32550 housing market and the Walton County market.

County records show 12 qualified sales in FRANGISTA BEACH across 2024–2025 (9 in 2024, 3 in 2025), median $1.29M — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Flood zones in FRANGISTA BEACH: of 8 listing addresses checked against the FEMA National Flood Hazard Layer, 88% sit outside the FEMA Special Flood Hazard Area (Zone X); 12% are in an A-series high-risk zone where flood insurance is required with a federally backed mortgage. Individual parcels vary — verify any specific address at msc.fema.gov. See flood zones by neighborhood in Miramar Beach.

Frangista Beach is a community of 76 homes in Miramar Beach, Walton County, built between 2006 and 2023 (median 2019), with a median living area of about 2,935 square feet. 12% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Frangista Beach 2nd Addn is a compact, established pocket of about 234 homes near the Gulf in Miramar Beach, where roughly a quarter of homes carry a homestead exemption — a signal that much of the inventory trades as second homes or investment property rather than primary residences.

• Van R Butler · Elementary
• Emerald Coast · Middle
• South Walton · High

Zoned schools reflect the assignments reported on recent Frangista Beach 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 Frangista Beach address.

The 1950-to-2024 build range is the story here. In one small neighborhood you can find mid-century original construction and brand-new builds within a few blocks, which is why a single median tells you less than the specific home in front of you. At a median living area near 2,993 square feet and a median build year of 2017, the middle of this market is a substantial, relatively modern home — but you should underwrite each property on its own vintage, finish, and lot rather than the community average.

With a homestead share around 23.6%, this reads as a market weighted toward second homes and rentals more than year-round occupancy. That matters for both sides of a deal: rental income potential and short-term-use rules should be part of any buyer's diligence, and sellers competing against a slower, 67-day market need condition and presentation to carry the price.

A neighborhood this varied — six-plus decades of construction, no shared amenity to anchor value, and a soft, patient market — rewards granular pricing over rules of thumb. We underwrite each home on its own vintage, finish, and location relative to the Gulf, and we bring realistic time-on-market expectations so buyers negotiate from evidence and sellers price to actually close rather than to sit.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.