Emerald Shores of South
Homes for Sale in Miramar Beach, FL
All 639 homes for sale in Miramar Beach, FL · median $659,000 · Walton County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of November 2026, Emerald Shores of South Walton in Miramar Beach, FL has 2 homes for sale. Homes listed or recently sold were built 1994–1996; 4 of 4 report an HOA (median $511/mo); none of the 4 geocoded homes sit in a FEMA special flood hazard zone (median elevation 20 ft).
Last 30 days in Emerald Shores of South: 1 new listing (median asking $949,800). As of November 11, 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.
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.
Figures in this note are as of July 25, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Emerald Shores of South right now
🟢 Buyer-leaning market. 12.0 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 November 9, 2026. Confidence: Low (2 active and pending listings, 0 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated November 12, 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
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.
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.
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 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
The market around Emerald Shores of South
Emerald Shores of South is too small for its own price trend, so here is the market around it.
Across Walton County, 2,879 homes are active and 587 pending (17% under contract).
ZIP and county figures describe the wider market, not Emerald Shores of South specifically. Momentum Research analysis of MLS records.
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 2026-11-11, 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.
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 contributors.
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 South Walton High School · Homes zoned for Destin High School
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.
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.
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 →
Recently off market in EMERALD SHORES OF SOUTH WALTON
Homes in EMERALD SHORES OF SOUTH WALTON that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 1 on record.
- 11 Topaz Cove · off market
Housing distress & ownership in EMERALD SHORES OF SOUTH WALTON, 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.
Just listed in Emerald Shores of South
The newest homes for sale in Emerald Shores of South right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 41 Topaz Cove $949,800 · 4 bd · 3 ba · listed Oct 27, 2026 Courtesy of Crystal Waters Realty Inc
- 15 Pearl Cove $825,000 · 3 bd · 2.5 ba · listed Apr 28, 2026 Courtesy of Real Broker LLC
Checked against the MLS nightly. All new listings in this market.
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.
- 41 Topaz Cove · $949,800 · 4 bd / 3 ba · listed Oct 26, 2026 · listed by Crystal Waters Realty Inc
- 15 Pearl Cove · $825,000 · 3 bd / 2.5 ba · listed Aug 13, 2026 · listed by Real Broker LLC
More Miramar Beach home searches
- All homes for sale in Miramar Beach, FL
- Homes for sale in Walton County, FL
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- Miramar Beach home values: what is my house worth?
Miramar Beach guides & data
- Market data
- Best neighborhoods (ranked by data)
- Flood zones
- Property taxes (Walton County)
- Homestead exemption (Walton County)
- Home insurance cost
- New construction
- New construction (Walton County)
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
- How to stop a foreclosure in Florida
- Florida documentary stamp tax, explained
- Cheapest places to live in Florida
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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 November 2026.
- October 2026Retail & Dining
TJ Maxx to open 33,865-square-foot Destin store Nov. 1 at Paradise Key
The off-price retailer opens at 4437 Commons Drive East with a grand opening from 8 a.m. to 8 p.m. on Nov. 1. Regular hours run 9:30 a.m. to 9:30 p.m. daily, and the store sells apparel, accessories, jewelry, and home and beauty goods.
What it may mean for the marketA new national off-price anchor adds everyday shopping close to Destin's commercial corridor and may shorten trips for retail needs. The site is about 4 miles northwest of Emerald Shores Of South Walton.
Source: Get The Coast - October 2026Development
DeFuniak Springs tactical training firm plans campus expansion after multimillion-dollar contracts
Stronghold Test & Training Center, on a 50-acre campus at 150 Warfighter Way, plans a new complex with secure vaults, classrooms, offices and a 3D-printing prototyping bay. The company cites a $21 million Navy contract through 2030 and other federal awards; no cost, timeline or job count was given.
What it may mean for the marketDefense-linked contracting growth near Eglin and Hurlburt supports employer activity and specialized jobs in the DeFuniak Springs area. The project is about 29 miles northeast of Emerald Shores Of South Walton, elsewhere in Walton County.
Source: Get The Coast - August 2026Infrastructure
Walton commissioners approve up to $4.69 million Westbay Parkway design contract
At its August 17, 2026 meeting, the Walton County Board of County Commissioners approved, on the consent agenda, a contract with Mott MacDonald for Westbay Parkway design not to exceed $4,693,502.38. The same agenda included a $184,117 Dewberry task order for the Santa Clara Regional Beach Access Bramble Grove addition.
What it may mean for the marketDesign work on Westbay Parkway is an early step toward added road capacity in western Walton County. The project is about 16 miles northeast of Emerald Shores Of South Walton, elsewhere in Walton County.
Source: Walton County Government - 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.
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 (2026-11-12).
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Frequently Asked Questions
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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: November 11, 2026) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-11-09 |
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.
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See how EMERALD SHORES OF SOUTH WALTON fits the bigger picture — live prices, inventory, and Momentum Scores: