Luau I
Condos for Sale in Miramar Beach, FL
All 634 homes for sale in Miramar Beach, FL · median $659,000 · 403 condos for sale in Miramar Beach · 647 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 November 2026, Luau I in Miramar Beach, FL has 9 homes for sale and 2 pending, asking from $219,900 to $1,165,000 (median $372,000). Over the 12 months ending 2026-11-09, 6 recorded sales closed at a median of $399,375, a median 109 days on market, sellers accepting 93% of original asking. Homes listed or recently sold were built 2006–2006; 22 of 22 report an HOA (median $832/mo); none of the 22 geocoded homes sit in a FEMA special flood hazard zone (median elevation 32 ft). At the median price and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $3,900 ($3,510 with the full homestead exemption).
Part of Luau, Miramar Beach, FL — see all Luau homes for sale (21 listings across 3 sections in the MLS).
Last 30 days in Luau I: 1 new listing (median asking $679,000), 2 under contract right now, 4 closed sales (median $437,500). 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.
Homes For Sale Right Now in Luau I
Live MLS inventory for Luau I. 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 · 217 daysTop listingActive · 24 days
Active · 61 days
Active · 165 days
Active · 289 days
Active · 149 days
Active · 160 days
Active · 73 days
Active · 97 days
Pending · 35 days
Pending · 217 days
Pending · 37 daysActive and pending Luau I listings as of 2026-11-10, 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.
Price at LUAU I is driven far more by condition and unit specifics than by any headline trend. The median sits at $381,000, but the story underneath is a wide, condition-driven spread — updated units and original ones don't trade on the same terms, so the median is a starting point for conversation, not a stand-in for what any given listing should fetch.
The current posture is soft in the near term. Prices are down 48.5% year over year, and with 19 active listings against just 7 closings in the window, sellers are competing for a thin pool of buyers. Median days on market sits at 45 — homes are moving, but not quickly. For a buyer, that means room to negotiate and time to be selective. For a seller, it means condition and pricing discipline matter more than usual.
Figures in this note are as of July 25, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Luau I right now
🟢 Buyer-leaning market. 10.8 months of supply and 25% 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: High (12 active and pending listings, 6 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated November 11, 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
Luau I market snapshot (as of November 9, 2026): the median sale price is about $399K, a median 109 days on market for closed sales, and 10.8 months of supply, a buyer-leaning market.
In ZIP 32550 (Miramar Beach), 99 homes closed in the last 12 months at a median of $728K, with a median 97 days on market. Right now 110 active and 24 pending listings put supply at about 13.3 months — a soft market. See the live ZIP 32550 housing market and the Walton County market.
County records show 6 qualified sales in LUAU I across 2024–2025 (5 in 2024, 1 in 2025), median $815,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Luau I is a community of 52 homes in Miramar Beach, Walton County, built between 1981 and 1982 (median 1982.0), with a median living area of about 1,601 square feet. 12% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
LUAU I is a Miramar Beach community in Walton County where pricing turns on the individual unit rather than the block. The long arc is up — values are 172% higher than in 2012 — but the past year has pulled sharply the other way.
The setting & the homes.
Aerial and on-site photos of Luau I. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Luau ILuau ILuau ILuau ILuau ILuau ILuau ILuau IPhotos from Emerald Coast MLS listings in Luau I; content deemed reliable but not guaranteed.
Who Luau I is best for.
Best for
- Buyers targeting a Miramar Beach coastal property who can move deliberately and negotiate
- Value-focused buyers comfortable underwriting a specific unit's condition rather than a market average
- Buyers who want leverage and are unbothered by a market that's cooled over the past year
Probably not for
- Buyers who need a community built around shared amenities
- Sellers expecting a fast sale without pricing and condition discipline
- Buyers who want a hot, competitive market where prices are clearly climbing
Luau I 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 Luau I 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 Luau I address.
Shop the zone: Homes zoned for Destin High School · Homes zoned for South Walton High School
The Luau I buying strategy.
If we were buying in Luau I 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 Luau I.
Reading past the median
The two numbers that frame this market are the 48.5% year-over-year drop and the 172% gain since 2012. Both are true, and they describe different time horizons. The since-2012 figure reflects a long climb; the year-over-year figure reflects a real, recent reset. Buyers should weigh the current softness on its own terms and not assume either direction continues.
No community amenities were identified from current MLS listings, so the value case here rests on the units themselves and the Miramar Beach location — not on shared facilities. With a market heat score of 47, this is a balanced-to-cool market: neither a scramble nor a stall. That gives a prepared buyer leverage and gives a well-presented listing a chance to stand out against the 19 currently active.
The location and the amenities are priced into every listing in Luau I. 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 Luau I 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 3 factors (2.1). Basis: Liquidity & Demand 10.8 months of supply; Owner Commitment 12% owner-occupied; Pricing Power 92.8% sale-to-list. Refreshed with each data update.
Why work with Momentum here
A condition-driven market like LUAU I is where local underwriting earns its keep. With a $381,000 median that masks a wide spread, we price and negotiate off the specific unit — its updates, its exposure, its comparables — rather than the headline. In a 45-day, 19-listing market, that discipline is the difference between a clean close and a listing that lingers.
Luau I in 15 seconds.
Tools for a Luau I 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 Luau I sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Luau I, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Luau I home worth?
Get a no-obligation home value based on real comparable sales in Luau I, 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 LUAU I
Homes in LUAU I 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. 12 on record.
- 5000 S Sandestin Boulevard ## 6902/04 · off market
- 5000 S Sandestin Boulevard #6707 · off market
- 5000 S Sandestin Boulevard #7902/7904 · off market
- 5000 S Sandestin Boulevard #Unit 6203 · off market
- 5000 S Sandestin Boulevard #Unit 6212 · off market
- 5000 S Sandestin Boulevard #Unit 6302/6304 · off market
- 5000 S Sandestin Boulevard #Unit 6305 · off market
- 5000 S Sandestin Boulevard #Unit 6808 · off market
| Location | Miramar Beach, Walton County, FL · ZIP 32550 |
|---|---|
| Homes in the community | 52 (FL DOR 2025 assessment roll) |
| Years built | 1981–1982 (median 1982.0) |
| Typical living area | 1,601 sq ft (median) |
| Home types (current listings and sales) | condos 100% |
| Amenities listed by sellers | Beach, Exercise Room, Pool, Gated, Elevators, Golf |
| Sale prices, last 12 months | $399,375 median across 6 closed sales |
| Days on market (closed sales) | 109 median |
| For sale right now | 9 active, 3 pending · median asking $372,000 · 10.8 months of supply |
| Owner-occupied (homestead) share | 12% |
Data as of November 9, 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, “Luau I key facts,” movewithmomentum.com/neighborhoods/luau-i, data as of November 9, 2026.
Housing distress & ownership in LUAU I, 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 Luau I
The newest homes for sale in Luau I right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 5000 S Sandestin Boulevard ## 6702 / 6704 $679,000 · 2 bd · 2 ba · listed Oct 16, 2026 Courtesy of Realty Pro Group LLC
- 5000 S Sandestin Boulevard #UNIT 6909 $625,000 · 2 bd · 2.5 ba · listed Sep 10, 2026 Courtesy of The Premier Property Group Seacrest Office
- 5000 S Sandestin Boulevard #UNIT 6806 $269,900 · 1 ba · listed Aug 28, 2026 Courtesy of The Naumann Group Real Estate Inc
- 5000 S Sandestin Boulevard #UNIT 6107 $219,900 · 1 ba · listed Aug 4, 2026 Courtesy of Coldwell Banker Realty
- 5000 S Sandestin Boulevard #UNIT 6210 $370,000 · 1 bd · 1.5 ba · listed Jun 13, 2026 Courtesy of Real Broker LLC
- 5000 S Sandestin Boulevard #UNIT 7105 $289,000 · 1 ba · listed Jun 2, 2026 Courtesy of The Agency Northwest Florida Beaches
Checked against the MLS nightly. All new listings in this market.
Every Home for Sale in Luau I Right Now (12)
All 12 active and pending Luau I listings with a detail page, newest first, refreshed twice a day from the MLS.
- 5000 S Sandestin Boulevard ## 6702 / 6704 · $679,000 · 2 bd / 2 ba · listed Oct 16, 2026 · listed by Realty Pro Group LLC
- 5000 S Sandestin Boulevard #7406 · $389,900 · 1 bd / 1 ba · pending · listed Oct 1, 2026 · listed by The Agency Northwest Florida Beaches
- 5000 S Sandestin Boulevard #Unit 6909 · $625,000 · 2 bd / 2.5 ba · listed Sep 10, 2026 · listed by The Premier Property Group Seacrest Office
- 5000 S Sandestin Boulevard #Unit 6706 · $254,900 · 1 ba · pending · listed Sep 9, 2026 · listed by Coastal Abode
- 5000 S Sandestin Boulevard #Unit 6806 · $269,900 · 1 ba · listed Aug 28, 2026 · listed by The Naumann Group Real Estate Inc
- 5000 S Sandestin Boulevard #Unit 6107 · $219,900 · 1 ba · listed Aug 12, 2026 · listed by Coldwell Banker Realty
- 5000 S Sandestin Boulevard #Unit 6210 · $370,000 · 1 bd / 1.5 ba · listed Aug 12, 2026 · listed by Real Broker LLC
- 5000 S Sandestin Boulevard #Unit 7105 · $289,000 · 1 ba · listed Aug 12, 2026 · listed by The Agency Northwest Florida Beaches
- 5000 S Sandestin Boulevard #6509/6511 · $515,000 · 2 bd / 2.5 ba · listed Aug 12, 2026 · listed by Mainsail Realty Company
- 5000 S Sandestin Boulevard #Unit 7802 · $1,165,000 · 3 bd / 3 ba · listed Aug 12, 2026 · listed by Kohls Group LLC
- 5000 S Sandestin Boulevard #6204 · $372,000 · 1 bd / 1 ba · listed Aug 12, 2026 · listed by The Agency Northwest Florida Beaches
- 5000 S Sandestin Boulevard #7207 · $369,500 · 1 bd / 1 ba · pending · listed Aug 12, 2026 · listed by The Agency Northwest Florida Beaches
Recently sold in Luau I
- 5000 S Sandestin Boulevard #7207 · sold $360,000
- 5000 S Sandestin Boulevard #7902/7904 · sold $907,000
- 5000 S Sandestin Boulevard #Unit 6302/6304 · sold $515,000
- 5000 S Sandestin Boulevard #6707 · sold $282,500
- 5000 S Sandestin Boulevard ## 6902/04 · sold $660,000
- 5000 S Sandestin Boulevard #Unit 6305 · sold $198,000
- 5000 S Sandestin Boulevard #Unit 7802 · sold $1,050,000
Closed sales from the MLS; each page shows the sold price, taxes and value history.
More Miramar Beach home searches
- All homes for sale in Miramar Beach, 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 Luau I
Development, infrastructure, retail, and school activity affecting Luau I, 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 2 miles southwest of Luau I.
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 28 miles northeast of Luau I, 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 Luau I, 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 17 miles northeast of Luau I.
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 10 miles northwest of Luau I.
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.
What it really costs to own in Luau I
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $2,804/yr across 11 listings here (MLS tax records, 2026-11-11). |
|---|---|
| HOA dues | Median $828/month across 11 MLS listings (most billed monthly; 2026-11-11). Dues cover what the documents say they cover; ask for the budget and reserve study. |
| Home and flood insurance | The average Citizens Property Insurance premium in Walton County is $1,942/yr (433 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 2006 across 11 listings. An original roof here would be about 20 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
Estimated carrying cost at the median asking price, before the mortgage: about $1,224/month (tax $234, HOA $828, insurance $162). An estimate from the sources above, not a quote.
Email me new listings in Luau I
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Ask an agent about Luau I Condos for Sale
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Luau I Condos for Sale will answer, and the answer is published on this page for the next buyer.
18% of homes for sale in Luau I 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 (2026-11-11).
LUAU I Market Scorecard
LUAU I is currently a strong buyer's market. About 9.8 months of supply, a median asking price of $372,000, and homes go under contract in about 151 days.
Typical home value in the 32550 ZIP is $655,269, about 35.9% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Frequently Asked Questions
What is the median home price in Luau I?
How long do homes in Luau I take to sell?
Is Luau I a buyer's or seller's market right now?
How many homes are in Luau I?
What share of Luau I is owner-occupied?
When were the homes in Luau I built?
Who is the best real estate agent for Luau I?
How do I find a top Miramar Beach real estate agent who knows Luau I?
Can Momentum Realty connect me with an agent for Luau I?
Where is Luau I, and what county is it in?
Is Luau I a good place to live?
Should you buy in Luau I?
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 10, 2026) |
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending November 9, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32550)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-11-09 |
| Historical depth | Closed-sale records back to 2026 (6 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.
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