Projects
The Garage at Miramar
Project facts
- Status
- Pre-Development
- City
- Miramar Beach, Florida
- Region
- Panhandle
- Submarket
- Destin; Santa Rosa Beach
- Amenity tier
- Standard
- Key amenities
- 14'+ Roll-Up Doors, 18'+ Clear Heights, Climate Control, Gated Access & Security, 24/7 Owner Access, Video Surveillance
- Construction
- Block
- Finish level
- High-Quality
- Projected delivery
- 2030
- Flood zone
- X
Location Summary
Miramar Beach / Destin; Santa Rosa Beach Overview
The site sits just off US 98 in Miramar Beach, on the west side of the Sandestin resort district, where Destin's harbor economy meets the resort villages of South Walton. It is the hinge of the corridor: Destin lies about 15 minutes west, the 30A beach towns begin about 15 minutes east, and Choctawhatchee Bay and the Gulf sit within a mile on either side. The planned project (Pre-Development, delivery targeted for 2030) is positioned as enclosed, climate-controlled garage suite space for an owner base that is heavily seasonal and short on garage room at the residence.
This is the Panhandle's wealth center. Within five miles the median home value is $698,511, 31.6% of households earn $150,000 or more, and 59.5% of housing units are seasonal, the profile of second-home owners who keep cars, boats, and golf carts at the coast but live elsewhere for part of the year. At the regional level, Florida's lack of a state income tax keeps pulling roughly $20.6 billion a year in net adjusted gross income into the state, and Miramar Beach and Sandestin residential values run near $497 per square foot, among the highest on the Gulf Coast. Within the submarket, the platform tracks the highest trade-area home values of any Panhandle corridor, with second-home and estate wealth tied to boating and sport fishing.
Access runs along US 98 and the Mid-Bay Bridge to Destin to Fort Walton Beach Airport, which set a record 2.49 million passengers in 2025, in roughly 25 minutes.
Current Events & Infrastructure
- Miramar Beach road and drainage program (within about 1 to 2 miles): Walton County's five-year capital plan, approved September 10, 2024, funds $7.48 million in Driftwood and Ellis roadway and drainage improvements in fiscal 2026, a $750,000 Driftwood Road and US 98 signal, a $7.0 million Holiday Shores drainage and pedestrian phase in fiscal 2027, and $2.5 million for Poinciana Boulevard in fiscal 2028. Together they target the local street grid feeding US 98, improving circulation and flood resilience around the site.
- Parallel road network north of US 98: County engineers are advancing two-lane connectors with multi-use paths north of US 98, including a Mack Bayou Road extension toward Sandestin Lane, to move local trips off the highway; the extension remains in the discussion phase pending utility relocation.
Key Demand Drivers
Resort condominiums and tower residences along this stretch of US 98 typically come with one or two surface or garage spaces and strict association rules, while owners arrive with collector cars, boats, and trailers. That shortage of secure, climate-controlled space near the beach is what drives demand for private garage suites here.
- Sandestin Golf and Beach Resort (about 1 to 3 miles east): A 2,400-acre resort between the Gulf and Choctawhatchee Bay with about 1,600 condominiums, homes, villas, and hotel units across 30 neighborhoods, four golf courses, and more than seven miles of beach and bay frontage.
- Baytowne Marina at Sandestin (about 3 miles east): A full-service, 210-slip marina accommodating vessels up to 125 feet, with fuel, annual slips, and a watersports hub serving resort owners.
- Echelon tower (about 1 mile southwest): Walton County commissioners gave final approval on March 30, 2026, by a 3 to 2 vote, to a 24-story, 246-unit condominium at 100 Seascape Drive in Miramar Beach, a further block of high-density residences with limited on-site vehicle space.
- Destin Executive Airport (about 15 minutes west): A towered general aviation field with a 5,001-foot runway, a full-service FBO with hangars, and 61 based aircraft including 11 jets, supporting the fly-in second-home owners who favor this corridor.
Location Highlights
- MSA Position: The Crestview to Fort Walton Beach to Destin metro reached 315,098 residents in 2025, up 9.8% from 2020, roughly three times the national pace.
- Enthusiast / Collector Culture: Destin's charter fishing fleet, bay and Gulf boating, and resort golf define the lifestyle, and resort owners routinely keep boats, carts, and weekend cars at the coast.
- Infrastructure & Recreation: Sandestin's golf, tennis, and marina amenities and the Gulf beaches of Miramar Beach sit within a short drive, supported by the county's local road and drainage program.
- Market-Specific Factor: Seasonal ownership is the defining trait, with 59.5% of units within five miles held seasonally, so owners want secured space to leave vehicles for months; the site is mapped in FEMA Zone X, outside the special flood hazard area.
- Tax & Quality of Life: No state personal income tax, a temperate Gulf climate, and a tourism economy built on the Emerald Coast beaches.
- High Net Worth Concentration: 760 households earn $200,000 or more within three miles, rising to 1,502 within five miles and 2,695 within seven miles, with the three-mile median home value at $741,600.
Area Demographics (ACS 2024)
5-Mile Profile: Population 13,402 | Median HH Income $99,175 | HH Earning $150K+ 31.6% | Median Age 53.4 | Age 55+ 49.1% | Seasonal Units 59.5% | Households with 3+ Vehicles 17.9% | YoY Population Growth not yet computed
Wealth Index: 5.5 / 10 (SCK portfolio-relative)