One month into 2020, and our team here at The Premier Property Group (PPG) is already breaking out the bubbly. One of the first closings of the year—39 Sandy Dunes Circle in Miramar Beach—represents a significant milestone for our company and the local real estate market: It’s the highest priced residential deal on record in the panhandle.
The coveted 11-acre property, commonly recognized as the Pennington home, extends from Highway 98 all the way to the Gulf of Mexico. Sold for $16.1 million, a redevelopment project is currently in the works between Premier Development and the new owner that will include a mix of residential, commercial and hospitality developments. Stay tuned, as discussions are currently pending as to whether that could include a beachfront bed and breakfast, condominiums or hotel.