Emerald Bay
Homes for Sale in Miramar Beach, FL
All 677 homes for sale in Miramar Beach, FL · median $652,500 · 516 homes for sale in 32550 · 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 Bay Ph II A in Miramar Beach, FL has 1 home for sale. As of September 2026, the MLS records 4 closed sales in Emerald Bay Ph II A in Miramar Beach, FL since 2020, the most recent in March 2021. Across Miramar Beach as a whole, 375 homes closed in the last 12 months at a median of $777,500, 108 median days on market, with 314 homes for sale today. At that median and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $7,590 ($7,200 with the full homestead exemption).
| Location | Miramar Beach, Walton County, FL · ZIP 32550 |
|---|---|
| Homes in the community | 36 (FL DOR 2025 assessment roll) |
| Years built | 1993–2019 (median 2017.0) |
| Typical living area | 2,800 sq ft (median) |
| Amenities listed by sellers | Gated, Golf, Pool, Tennis Court(s) |
| For sale right now | 1 active, 0 pending · median asking $769,900 |
| Owner-occupied (homestead) share | 69% |
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 Bay Ph II A key facts,” movewithmomentum.com/neighborhoods/emerald-bay-ph-ii-a, data as of September 20, 2026.
Emerald Bay Ph II A is a small pocket in Miramar Beach with almost nothing trading right now — a single active listing and no recent closings on the books. With that little inventory, price here is set by the specific home in front of you: its condition, its updates, and how a seller reads a thin market, not by any broad neighborhood trend you can lean on.
For a buyer, that thin data cuts both ways. There is little competition to bid against, but also little comparable evidence to anchor a number, so your leverage comes from underwriting the individual property carefully. For a seller, the flip side holds: with one listing on the market and no recent sales to point to, pricing is a judgment call, and getting it right early matters more than usual.
The 60-Second Overview
Emerald Bay Ph II A is a quiet, low-turnover phase within Miramar Beach in Walton County. The current market picture is defined less by activity than by scarcity — one home available and no closings in the recent window.
Emerald Coast MLS sales records identify 98 homes in Emerald Bay that have changed hands since 2002, built between 1992 and 2022 (median 1999), with a median living area of about 2,450 sq ft and a typical 3-bedroom, 2.5-bath layout; 100% are single-family homes. Source: Emerald Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 5 qualified sales in Emerald Bay across 2024–2025 (3 in 2024, 2 in 2025), median $825,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Emerald Bay is best for.
Best for
- Buyers targeting a specific Miramar Beach home who value scarcity and low turnover
- Buyers comfortable underwriting a property on its own condition rather than neighborhood trends
- Long-hold owners who don't need frequent resale activity to feel settled
Probably not for
- Buyers who want on-site amenities as part of the package
- Buyers who rely on a deep bank of recent comparable sales to set an offer
- Buyers who want a range of inventory to choose from right now
The market around Emerald Bay
Emerald Bay is too small for its own price trend, so here is the market around it.
In ZIP 32550, 802 homes are on the market and 9% are under contract — a slower corner of Miramar Beach.
Across Walton County, 3,174 homes are active and 698 pending (18% under contract).
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.
ZIP and county figures describe the wider market, not Emerald Bay specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Emerald Bay Ph II A, Miramar Beach
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. 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.
Homes For Sale Right Now in Emerald Bay
Live MLS inventory for Emerald Bay. 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 Bay listings as of 2026-07-25, 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 Bay Ph Ii A Right Now (1)
All 1 active and pending Emerald Bay Ph Ii A listings with a detail page, newest first, refreshed twice a day from the MLS.
- 327 Cobalt Lane · $769,900 · 3 bd / 3 ba · listed Jun 27, 2026 · listed by Berkshire Hathaway HomeServices
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 Bay 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 Bay address.
Shop the zone: Homes zoned for South Walton High School
The Emerald Bay buying strategy.
If we were buying in Emerald Bay 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.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
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 Bay.
A thin-data micro-market
The defining trait here is volume — there almost isn't any. A single active listing and no recent closings mean this is a community you read one property at a time, not through averages. Whatever number gets attached to a home in Emerald Bay Ph II A will be driven by that home's condition and finishes far more than by any pattern across the phase.
No community amenities surface from current MLS listings, so the pitch is location within Miramar Beach and the house itself rather than shared facilities. Treat the broader Miramar Beach and Walton County context — proximity to the coast and the wider Emerald Coast market — as the frame, and let the individual property carry the value story.
The location and the amenities are priced into every listing in Emerald Bay. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this thin, the value is in judgment, not dashboards. With one active listing and no recent closings to lean on, we help you underwrite the specific home — condition, updates, and how it stacks against nearby Miramar Beach comparables — rather than trusting a number pulled from data that isn't here. Whether you are buying or listing, that discipline is what protects your price.
Emerald Bay 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 Bay 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 Bay sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Emerald Bay, 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 Bay home worth?
Get a no-obligation home value based on real comparable sales in Emerald Bay, 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 →
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).
Frequently Asked Questions
How many homes are in Emerald Bay?
What share of Emerald Bay is owner-occupied?
When were the homes in Emerald Bay built?
Who is the best real estate agent for Emerald Bay?
How do I find a top Miramar Beach real estate agent who knows Emerald Bay?
Can Momentum Realty connect me with an agent for Emerald Bay?
Where is Emerald Bay, and what county is it in?
Should you buy in Emerald Bay?
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: July 25, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32550)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2020 (4 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.
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Emerald Bay Ph II A fits the bigger picture — live prices, inventory, and Momentum Scores:
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