Published September 22, 2025

Just Sold 145 Marigot Bay Circle

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Written by Katie Luus

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Just Sold: "Manta Ray Getaway" – A Proven Income Producer with Even More Potential

We’re excited to share the sale of Manta Ray Getaway, a property that checks all the boxes for savvy beach investors and second-home buyers alike.

Why This Property Stands Out

  • High Rental Performance: Over $100,000 in rental income in past years with potential to earn even more through strategic upgrades.

  • Prime Location: Nestled in Paradise Retreat, a gated community with 320 feet of exclusive deeded Gulf access, offering both privacy and premium beach convenience.

  • Low Competition, High Demand: The perfect formula for strong returns and minimal vacancy.

The Property Details

  • 4 Bedrooms | 2 Baths | 2,047 Sq. Ft. – The largest floor plan in the neighborhood.

  • Sleeps 10 comfortably, fully furnished, and turnkey.

  • New LVP flooring, quartz countertops, and upgraded kitchen appliances.

  • Private heated L-shaped pool, BBQ station, tanning deck, plus easy potential for high-ROI upgrades like a hot tub or putting green.

Built-In Upside

  • Two living areas, one converted into a game room with arcade games & foosball to boost guest experience and keep occupancy high.

  • Major updates already complete:

    • New roof & pool pump motor (2021)

    • New fence (2020)

    • Water heater (2019)

  • No flood insurance required and low HOA fees for higher net returns.

The Bottom Line

Manta Ray Getaway combines a proven rental track record with clear growth potential. Whether as an investment, a vacation home, or a full-time residence, this property delivers both immediate income and long-term value—all within steps of the sugar-white sand and emerald waters of the Gulf.

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Destin Homes, Miramar Beach
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