$3,995,000
Santa Rosa Beach, FL 32459
MLS# 992482
10 beds | 11 baths | 6413 sqft
1 / 91
Property Description
This property boasts 10 spacious bedrooms and 11 bathrooms, making it the perfect retreat for large families or groups of friends looking to create unforgettable memories together. With the ability to comfortably sleep up to 28 people, your family reunions, friend getaways, or vacation rentals will be a breeze! Say goodbye to HOA restrictions and embrace the freedom of owning this incredible investment property, which has an impressive rental history. The current rental management company is projecting nearly $400,000 in rental income this year, providing you with a fantastic return on your investment. As you explore this home, you'll appreciate the exquisite, custom details and beautiful woodwork that elevate its elegance
Details
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 622.95
List Date: 2026-01-09
Current Price: $3,995,000
List Price: $3,995,000
Location, Tax and Legal
Sub Area: 1705 - SRB South of 30A
Elementary School: Van R Butler
Middle School: Emerald Coast
High School: South Walton
Legal Description: BEG SW/COR GOV LOT 25,N 02 DEG 55'43''E 109.83FT,S 87 DEG 57'11''E 133.00FT,S 02 DEG 25'03''W 110.08FT TO S LN LOT 25 W 133.00FT TO POB BEING IN SEC 02-3S-20W
General Property Info
Sub-Type: Detached Single Family
Design: Beach House
SqFt Source: Appraiser
Garage: Yes
Carport: No
Pool: Yes
Pool Type: Private
Apx SqFt(Htd/Cooled): 6413
Bedrooms: 10
Full Baths: 9
Half Baths: 2
Total Bathrooms: 11
# Stories: 3
Year Built: 2022
Garage Spaces: 2
Acreage: 0.34
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Last Taxes: 27854.88
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: This property boasts 10 spacious bedrooms and 11 bathrooms, making it the perfect retreat for large families or groups of friends looking to create unforgettable memories together. With the ability to comfortably sleep up to 28 people, your family reunions, friend getaways, or vacation rentals will be a breeze!
Say goodbye to HOA restrictions and embrace the freedom of owning this incredible investment property, which has an impressive rental history. The current rental management company is projecting nearly $400,000 in rental income this year, providing you with a fantastic return on your investment.
As you explore this home, you'll appreciate the exquisite, custom details and beautiful woodwork that elevate its elegance
Sale Type
Accept Backup Offers: 1
Construction Status
Construction Complete: 1
Parking Features
Garage Attached: 1
Construction/Siding
Roof Tile/Slate: 1
Slab: 1
Stucco: 1
Trim Wood: 1
Utilities
Gas - Natural: 1
Public Sewer: 1
Public Water: 1
Zoning
Resid Single Family: 1
Interior
Breakfast Bar: 1
Ceiling Crwn Molding: 1
Ceiling Raised: 1
Elevator: 1
Fireplace 2+: 1
Fireplace Gas: 1
Floor Tile: 1
Hallway Bunk Beds: 1
Kitchen Island: 1
Lighting Recessed: 1
Pantry: 1
Shelving: 1
Washer/Dryer Hookup: 1
Window Treatment All: 1
Woodwork Painted: 1
Financing
Conventional: 1
Appliances
Auto Garage Door Opn: 1
Dishwasher: 1
Disposal: 1
Dryer: 1
Freezer: 1
Ice Machine: 1
Microwave: 1
Range Hood: 1
Refrigerator: 1
Security System: 1
Stove/Oven Gas: 1
Wine Refrigerator: 1
Energy
AC - 2 or More: 1
AC - Central Elect: 1
Ceiling Fans: 1
Water Heater - Gas: 1
Water Heater - Tnkls: 1
Mstr Bdrm/Mstr Bath
MBath Double Vanity: 1
MBath Dressing Area: 1
MBath Separate Shwr: 1
MBath Tile: 1
MBed Balcony: 1
MBed First Floor: 1
MBed Sitting Area: 1
MBed Walk-in Closet: 1
Bedroom
First: 1
Third: 1
Living Room
Second: 1
Third: 1
Full Bathroom
First: 1
Third: 1
Rooms
Balcony: 1
Bedroom: 1
Bunk Room: 1
Family Room: 1
Full Bathroom: 1
Living Room: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 17 - 30A West
Street #: 17
Street Name: Penny
Street Suffix: Lane
State: FL
Zip Code: 32459
County: Walton
Project Name/Subdivision: Penny Lane
Parcel ID: 02-3S-20-34160-000-0251
Property Features
Sale Type: Accept Backup Offers
Construction Status: Construction Complete
Zoning: Resid Single Family
Parking Features: Garage Attached
Interior: Breakfast Bar; Ceiling Crwn Molding; Ceiling Raised; Elevator; Fireplace 2+; Fireplace Gas; Floor Tile; Hallway Bunk Beds; Kitchen Island; Lighting Recessed; Pantry; Shelving; Washer/Dryer Hookup; Window Treatment All; Woodwork Painted
Appliances: Auto Garage Door Opn; Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Range Hood; Refrigerator; Security System; Stove/Oven Gas; Wine Refrigerator
Utilities: Gas - Natural; Public Sewer; Public Water
Energy: AC - 2 or More; AC - Central Elect; Ceiling Fans; Water Heater - Gas; Water Heater - Tnkls
Bedroom: First; Third
Living Room: Second; Third
Full Bathroom: First; Third
Rooms: Balcony; Bedroom; Bunk Room; Family Room; Full Bathroom; Living Room
Financing: Conventional
Supplements
- Tax benefits commonly used by rental owners: depreciation, deductible operating expenses (management fees, maintenance, utilities), and interest deductions can help lower taxable income -- talk with your CPA about how these apply to your situation.
- Flexible ownership strategies: works as a short-term rental, seasonal vacation home, or long-term income property; could fit 1031 exchange or portfolio diversification plans (confirm with your tax advisor).
- No HOA restrictions: more control over rental use, furnishings, and booking platforms.
What makes guests book it
- Location: an easy 3-minute walk to Shunk Gulley and Scenic Highway 30A beaches; nearby ADA-accessible Ed Walline access with restrooms, picnic shelters, and a two-story viewing platform.
- Amenities guests crave: private pool, multiple balconies with Gulf views, roomy living areas on each floor so large groups can spread out and still gather.
- Thoughtful design: custom woodwork and finishes that give the home character and repeat-booking appeal.
Who this fits best
- Investors wanting a high-capacity, high-demand short-term rental with management already in place.
- Buyers seeking a multi-family vacation home that pays for itself during peak season.
- Owners looking for tax-advantaged real estate income (consult your CPA for specifics).
This property blends lifestyle and investment -- beachfront access, big rental revenue, and tax strategies that can improve net returns!
Room Information
| Room Name | Level | Dimensions | Length | Width | Remarks |
| Bedroom | First | 13 x 15.4 | 13.00 | 15.40 | Bedroom |
| Full Bathroom | First | 6.4 x 8.7 | 6.40 | 8.70 | Bathroom |
| Family Room | First | 31.1 x 19.11 | 31.10 | 19.11 | Family room |
| Bedroom | First | 14 x 14.8 | 14.00 | 14.80 | Bedroom |
| Full Bathroom | First | 7.1 x 9 | 7.10 | 9.00 | Bathroom |
| Bunk Room | Second | 18.3 x 11.3 | 18.30 | 11.30 | Bunk room |
| Living Room | Second | 25 x 20 | 25.00 | 20.00 | Living Room |
| Balcony | Second | 14 x 6 | 14.00 | 6.00 | Balcony |
| Living Room | Third | 23.4 x 12 | 23.40 | 12.00 | Living Room |
| Balcony | Third | 15 x 6.5 | 15.00 | 6.50 | Balcony |
| Bedroom | Third | 23.4 x 12 | 23.40 | 12.00 | Bedroom |
| Full Bathroom | Third | 12 x 7 | 12.00 | 7.00 | Bathroom |
Listing Office: 1 Percent Lists Florida Coast
Last Updated: April - 03 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
