Mainsail in Miramar Beach: A new look at a classic property

Published: Friday, October 5, 2012 at 13:09 PM.

MIRAMAR BEACH, FL - Classics never go out of style, and since the early 1980s Mainsail condominiums has created a classic combination of vacation resort and second-home options.

Located across U.S. Highway 98 from the Silver Sands Factory Stores, Mainsail attracts condo buyers despite its having been completed for two decades. Now in re-sale status, the interest and value has held in Mainsail despite the dips in the real estate market as a whole.

That isn't to say Mainsail has been immune to market fluctuations, said Greg Smith, general manager for the Mainsail Owners Association Inc.

"What our account has told us is that the older, established properties have fewer people in trouble as far as dues go," Smith added. "People have owned here a long time, and before the prices spiked."

The difference isn't a secure price point, but it does show that Mainsail owners recognize a well-run facility with an established record for quality.

"Mainsail has 700 feet of beach, which is very unusual," Smith said about one reason people find Mainsail appealing. "You rarely see a property on the Gulf Coast that has 700 feet."

In 1982, the first Mainsail building went up, and buildings two, three and four went up in the mid-'80s.



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