Frangista Beach 1st
Homes for Sale in Miramar Beach, FL

Frangista Beach 1st market snapshot (as of September 12, 2026): the median sale price is about $1.52M, a median 69 days on market for closed sales, and 10.7 months of supply, a buyer-leaning market. The trailing-12-month median is down 46% from the prior 12 months, computed from record-level Emerald Coast MLS closed sales (9 closings in the current window).

Frangista Beach 1st is a community of 98 homes in Miramar Beach, Walton County, built between 1950 and 2024 (median 2006.0), with a median living area of about 2,971 square feet. 11% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

This is a small, near-Gulf pocket of roughly 232 homes with no shared amenities to lean on — the appeal is the setting and the individual house. A homestead share under 6% tells you most of these are second homes or rentals rather than primary residences.

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

Zoned schools reflect the assignments reported on recent Frangista Beach 1st 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 1st address.

With build years running from 1950 to 2024 and a median of 2004, two houses a block apart can be very different animals — a mid-century original, a full rebuild, or new construction. Median living space of about 3,288 square feet points to substantial homes, but square footage alone won't explain the price gap between properties. Inspection detail, elevation, updates, and how close you actually are to the water matter more than the median suggests.

The thin transaction count — 8 closings, 7 active — makes comps genuinely scarce, which cuts both ways. Pricing requires reading each property on its own merits rather than trusting an average. The steep year-over-year median drop also reflects mix as much as value: in a small pool, which specific homes sold can swing the median hard. Treat the headline number as a starting point, not a verdict on any one house.

In a market this thin, the median hides more than it reveals, and a single unusual sale can distort the picture. We price and evaluate property by property — reading condition, elevation, and proximity to the water against a small comp set — so you are negotiating from what a specific house is worth, not a neighborhood average. In a slow, price-sensitive window, that discipline is the difference between a fair deal and a stranded listing.

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