The Villas of Frangista
Homes for Sale in Miramar Beach, FL
All 680 homes for sale in Miramar Beach, FL · median $659,000 · 685 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 October 2026, the MLS records 4 closed sales in The Villas of Frangista in Miramar Beach, FL since 2020, the most recent in November 2025. 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 | 46 (FL DOR 2025 assessment roll) |
| Years built | 2014–2023 (median 2019.0) |
| Typical living area | 2,850 sq ft (median) |
| Amenities listed by sellers | Gated, Pets Allowed, Pool, Short Term Rental - Allowed |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 15% |
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, “The Villas of Frangista key facts,” movewithmomentum.com/neighborhoods/the-villas-of-frangista, data as of September 20, 2026.
The Villas of Frangista is a small villa community in Miramar Beach, and with no median price or listing volume in this snapshot, the honest read is that pricing here is driven by what actually comes to market — condition, floor plan, and how close a given unit sits to the Gulf side of Scenic Gulf Drive. In a pocket this size, one or two active listings can define the whole picture, so buyers should weight the specific unit far more heavily than any community-wide average.
The current posture is thin-inventory: when little trades, both sides have less to negotiate against. Sellers benefit from scarcity but lose the leverage of recent comparable sales; buyers should expect to underwrite each villa on its own merits rather than on neighborhood momentum. If you want a data-rich, high-turnover market, this is not it — this is a place you buy on the property itself.
Nearby homes for sale
No active listings inside The Villas of Frangista right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
The Villas of Frangista is a compact villa enclave in Miramar Beach, Walton County, in the heart of the Scenic Gulf Drive corridor. It reads as a location-and-condition play rather than an amenity play — no community amenities surface in the current MLS listings.
County records show 3 qualified sales in The Villas of Frangista across 2024–2025 (1 in 2024, 2 in 2025), median $1.07M — 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 The Villas of Frangista is best for.
Best for
- Buyers targeting a low-maintenance Miramar Beach villa as a second home or seasonal base
- Buyers focused on location and condition rather than a shared amenity package
- Buyers comfortable underwriting a single property in a low-turnover market
Probably not for
- Buyers who want on-site amenities like a community pool or fitness center
- Buyers who rely on abundant recent comparable sales to set an offer
- Buyers seeking a large-scale, high-turnover resort development
The market around The Villas of Frangista
The Villas of Frangista 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 The Villas of Frangista specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in The Villas of Frangista, 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.
The The Villas of Frangista buying strategy.
If we were buying in The Villas of Frangista 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 The Villas of Frangista.
A location buy, not an amenity buy
What you are buying here is the Miramar Beach address and the villa itself. Current listings identify no community amenities — no pool, gym, or shared package shows up in the feed — so value concentrates in the unit and its proximity to the beach and the Scenic Gulf Drive corridor. That makes condition, interior updates, and outdoor space the levers that move price.
Because the community is small and turnover is limited, comparables are scarce and each sale carries outsized weight. Treat this as a market to evaluate one property at a time. A well-updated villa in the right spot can command a premium; a dated one will need to be priced honestly against a shallow pool of recent activity.
The location and the amenities are priced into every listing in The Villas of Frangista. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Thin, small-community markets reward local reading over spreadsheet math. We track what actually lists and closes along the Scenic Gulf Drive corridor, so we can help you price or underwrite a single villa when there aren't enough comparables to lean on. We will also tell you plainly when a unit's condition or location doesn't justify the ask.
The Villas of Frangista 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 The Villas of Frangista 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 The Villas of Frangista sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in The Villas of Frangista, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your The Villas of Frangista home worth?
Get a no-obligation home value based on real comparable sales in The Villas of Frangista, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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The real cost & risk here
Before the list price, the Florida math the portals skip. These are Walton County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Walton County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
Frequently Asked Questions
How many homes are in The Villas of Frangista?
What share of The Villas of Frangista is owner-occupied?
When were the homes in The Villas of Frangista built?
Who is the best real estate agent for The Villas of Frangista?
How do I find a top Miramar Beach real estate agent who knows The Villas of Frangista?
Can Momentum Realty connect me with an agent for The Villas of Frangista?
Where is The Villas of Frangista, and what county is it in?
Should you buy in The Villas of Frangista?
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: October 1, 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.
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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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Nearby Communities
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