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

Published: Friday, October 5, 2012 at 01:09 PM.

Mainsail's condos and townhouses offer 11 floor plans, with the smallest being a studio condo at 662 square feet and the largest at 2,028 square feet. Prices, although driven by the market, might begin around $300,000 but could reach $800,000.

"A lot has to do with the view and where they're located," Smith said

Location of Mainsail has always been a draw, but the proven draw of the condo development has been its family-oriented atmosphere. Most owners are second-home owners who are now passing the units to family members as part of their inheritance. Because the owners tend to hold on to their Mainsail property, Smith said, the development as a whole has had relatively few flippers and an overall low foreclosure rate.

Although the units do stay within the families as second homes, some residents choose to stay year round.

Susie Kirkland has made Mainsail her home since the first building was completed. As a Realtor, she has also had the opportunity to work with people who are buying and selling within Mainsail.

"I've sold most of these condos once. Some of them three or four times," said Kirkland, who is with Re/Max Southern Realty. She currently holds listings for condos and cottages within Mainsail. Rentals are also available in Mainsail, with Resort Quest as the largest recognized rental partner for the association.

For buyers, though, Kirkland says this is a great time to invest.

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