21 Penny Lane, Santa Rosa Beach, FL 32459 (MLS# 1010814)


$3,800,000
21 Penny Lane
Santa Rosa Beach, FL 32459
MLS# 1010814
10 beds  |  11 baths  |  5992 sqft

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Front Exterior
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Front Exterior Aerial Community & Beach View Pool & Outdoor Living Area at Dusk Pool with Waterfall Feature at Sunset Rooftop Deck with Plunge Pool & Dining Game Room with Foosball Table Living Room with Game Table Bedroom with Navy Upholstered Bed Bedroom with Striped Bedding Bathroom with Double Vanity & Walk-In Shower Guest Bedroom Bathroom with Round Mirrors Bedroom with Gray Bedding Bathroom with Gold Hexagon Mirrors Laundry Room Powder Bathroom Game Room with Ping Pong Table Living Room with Open Kitchen Living Room with Vaulted Beam Ceiling Living Room with Kitchen View Balcony Dining Area with View Balcony Seating Area with Community View Living Room with Round Mirror Accents Kitchen with Island & Dining Area Kitchen with Dining Table White Kitchen with Stainless Appliances Powder Bathroom with Statement Art Open Concept Kitchen & Living Area Primary Bedroom with Balcony View Bathroom with Coastal Bird Art Bedroom with Balcony Access Covered Balcony at Sunset Bedroom with Blue Accent Chair Bathroom with Soaking Tub Bathroom with Glass Shower & Soaking Tub Bedroom with Four-Poster Bed & Balcony Balcony View at Sunset Bedroom with Seating Area Bathroom with Freestanding Tub Bathroom with Soaking Tub & Glass Shower Balcony with Dining Table at Sunset Bedroom with Beam Ceiling Bathroom with Tile Shower Living Room with Barn Door Accent Living Room with Ocean View Living Room with TV & Coastal Art Bedroom with Coastal Artwork Bedroom with Wood Dresser Bathroom with Octagon Mirrors Bedroom with Green Accents Ensuite Bathroom with Glass Shower Bunk Room Bathroom with Framed Mirror Laundry Room with Playful Art Pool Area with Balconies Above Aerial View of Pool & Patio Aerial Street View of Community Aerial View Showing Property Location Aerial Beach & Community View

Property Description
Discover the pinnacle of sophisticated beachside living at this premier multi-family estate, perfectly positioned along Florida's iconic Emerald Coast. Designed for those who demand both exclusivity and exceptional performance, this turnkey compound offers a rare opportunity to own a world-class retreat in the heart of the sought-after Blue Mountain Beach. A Masterpiece of Design and Comfort Spanning multiple levels of refined living, this residence is an architectural triumph. An integrated elevator provides seamless accessibility throughout, ensuring comfort for guests of all generations. The home's interior is a study in curated elegance, featuring high-end finishes and bespoke design elements that cater to the most discerning tastes. With the capacity to accommodate 24 guests in absolute comfort, the estate is expertly configured for grand retreats and private gatherings. The layout includes: * 8 King Master Suites: Each a private sanctuary of relaxation. * 2 Bespoke Bunk Rooms: Thoughtfully designed to sleep four guests each. * 9 Full Bathrooms & 2 Half Baths: Featuring spa-inspired designer tile, quartz surfaces, and premium fixtures. * Culinary Excellence: A state-of-the-art chef's kitchen, equipped with a six-burner gas range, double refrigeration, and expansive quartz counters. A secondary kitchenette on the third level offers added convenience for seamless entertaining.

Details
General Property Info
userdefined76: 7
Sub-Type: Detached Single Family
Design: Beach House
SqFt Source: County PA Records
Immediate Occupancy: Yes
Garage: Yes
Carport: No
Driveway Spaces: 5
Pool: Yes
Pool Type: Private
Apx SqFt(Htd/Cooled): 5992
Bedrooms: 10
Full Baths: 9
Half Baths: 2
Total Bathrooms: 11
# Stories: 3
Year Built: 2022
Garage Spaces: 2
Acreage: 0.25
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 634.18
List Date: 2026-08-28
Current Price: $3,800,000
List Price: $3,800,000
Location, Tax and Legal
Sub Area: 1703 - Santa Rosa Beach and S of 98 East of 393
Elementary School: Van R Butler
Middle School: Emerald Coast
High School: South Walton
Legal Description: Com Sw/Cor Gov Lot 25,S 87 Deg 52'57''E 133.00 Ft For Pob,N 02 Deg 58'03''E 110.08 Ft,S 87 Deg 57'11''E 100.00 Ft,S 02 Deg 55' 29''W 110.20 Ft,N 87 Deg 52'57'' W 100.00 Ft To Pob Being In Sec 02-3S-20W Or 3308-3580
Listing Info, Tax & Legal
Homestead: No
Is Subject Leased: Yes
Assessment Fees: No
Rent/Mo: 0
Lease Expiration Dt: 2026-08-28
New Buyer Fee: No
Last Taxes: 27462.34
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: No
Remarks & Misc
Remarks: Discover the pinnacle of sophisticated beachside living at this premier multi-family estate, perfectly positioned along Florida's iconic Emerald Coast. Designed for those who demand both exclusivity and exceptional performance, this turnkey compound offers a rare opportunity to own a world-class retreat in the heart of the sought-after Blue Mountain Beach. A Masterpiece of Design and Comfort Spanning multiple levels of refined living, this residence is an architectural triumph. An integrated elevator provides seamless accessibility throughout, ensuring comfort for guests of all generations. The home's interior is a study in curated elegance, featuring high-end finishes and bespoke design elements that cater to the most discerning tastes. With the capacity to accommodate 24 guests in absolute comfort, the estate is expertly configured for grand retreats and private gatherings. The layout includes: * 8 King Master Suites: Each a private sanctuary of relaxation. * 2 Bespoke Bunk Rooms: Thoughtfully designed to sleep four guests each. * 9 Full Bathrooms & 2 Half Baths: Featuring spa-inspired designer tile, quartz surfaces, and premium fixtures. * Culinary Excellence: A state-of-the-art chef's kitchen, equipped with a six-burner gas range, double refrigeration, and expansive quartz counters. A secondary kitchenette on the third level offers added convenience for seamless entertaining.
Construction Status
Construction Complete: 1
Parking Features
Garage Attached: 1
Waterview
Gulf: 1
Lot/Parcel Access
Paved Road: 1
Lot Features
Coastal Barrier Zone: No
Level: 1
Within 1/2 Mile to Water: 1
Construction/Siding
Frame: 1
Roof Pitched: 1
Roof Tile/Slate: 1
Stucco: 1
Trim Vinyl: 1
Utilities
Electric: 1
Gas - Natural: 1
Public Sewer: 1
Public Water: 1
TV Cable: 1
Zoning
Resid Single Family: 1
Exterior
Balcony: 1
BBQ Pit/Grill: 1
Fenced Back Yard: 1
Fenced Privacy: 1
Hot Tub: 1
Lawn Pump: 1
Patio Covered: 1
Patio Open: 1
Pool - Gunite Concrt: 1
Pool - Heated: 1
Pool - In-Ground: 1
Porch: 1
Shower: 1
Sprinkler System: 1
Summer Kitchen: 1
Interior
Breakfast Bar: 1
Ceiling Beamed: 1
Ceiling Crwn Molding: 1
Ceiling Raised: 1
Elevator: 1
Fireplace: 1
Fireplace 2+: 1
Fireplace Gas: 1
Floor Hardwood: 1
Floor Tile: 1
Furnished - All: 1
Hallway Bunk Beds: 1
Kitchen Island: 1
Lighting Recessed: 1
Owner's Closet: 1
Pantry: 1
Pull Down Stairs: 1
Shelving: 1
Upgraded Media Wing: 1
Washer/Dryer Hookup: 1
Wet Bar: 1
Window Treatment All: 1
Woodwork Painted: 1
Financing
Conventional: 1
Appliances
Auto Garage Door Opn: 1
Cooktop: 1
Dishwasher: 1
Disposal: 1
Dryer: 1
Freezer: 1
Ice Machine: 1
Microwave: 1
Oven Double: 1
Oven Self Cleaning: 1
Range Hood: 1
Refrigerator W/IceMk: 1
Smoke Detector: 1
Stove/Oven Gas: 1
Washer: 1
Wine Refrigerator: 1
Energy
AC - 2 or More: 1
Ceiling Fans: 1
Double Pane Windows: 1
Heat Cntrl Electric: 1
Heat Pump A/A Two +: 1
Insulated Doors: 1
Water Heater - Gas: 1
Water Heater - Tnkls: 1
Mstr Bdrm/Mstr Bath
MBath Cultured Mrble: 1
MBath Double Vanity: 1
MBath Dressing Area: 1
MBath Separate Shwr: 1
MBath Tile: 1
MBath Walk-In Closet: 1
MBed Balcony: 1
MBed Walk-in Closet: 1
Bedroom
First: 1
Second: 1
Third: 1
Kitchen
Second: 1
Living Room
Second: 1
Rooms
Bedroom: 1
Bonus Room: 1
Kitchen: 1
Living Room: 1
Recreation Room: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 17 - 30A West
Street #: 21
Street Name: Penny
Street Suffix: Lane
State: FL
Zip Code: 32459
County: Walton
Project Name/Subdivision: Colleen's Cove
Parcel ID: 02-3S-20-34160-000-0254
Property Features
Construction Status: Construction Complete
Lot Features: Level; Within 1/2 Mile to Water
Zoning: Resid Single Family
Waterview: Gulf
Parking Features: Garage Attached
Exterior: Balcony; BBQ Pit/Grill; Fenced Back Yard; Fenced Privacy; Hot Tub; Lawn Pump; Patio Covered; Patio Open; Pool - Gunite Concrt; Pool - Heated; Pool - In-Ground; Porch; Shower; Sprinkler System; Summer Kitchen
Interior: Breakfast Bar; Ceiling Beamed; Ceiling Crwn Molding; Ceiling Raised; Elevator; Fireplace; Fireplace 2+; Fireplace Gas; Floor Hardwood; Floor Tile; Furnished - All; Hallway Bunk Beds; Kitchen Island; Lighting Recessed; Owner's Closet; Pantry; Pull Down Stairs; Shelving; Upgraded Media Wing; Washer/Dryer Hookup; Wet Bar; Window Treatment All; Woodwork Painted
Appliances: Auto Garage Door Opn; Cooktop; Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Oven Double; Oven Self Cleaning; Range Hood; Refrigerator W/IceMk; Smoke Detector; Stove/Oven Gas; Washer; Wine Refrigerator
Utilities: Electric; Gas - Natural; Public Sewer; Public Water; TV Cable
Energy: AC - 2 or More; Ceiling Fans; Double Pane Windows; Heat Cntrl Electric; Heat Pump A/A Two +; Insulated Doors; Water Heater - Gas; Water Heater - Tnkls
Bedroom: First; Second; Third
Kitchen: Second
Living Room: Second
Rooms: Bedroom; Bonus Room; Kitchen; Living Room; Recreation Room
Financing: Conventional
Supplements
The exterior is an extension of the home's luxury, crafted for the ultimate al fresco lifestyle. Enjoy a private, resort-style swimming pool, an outdoor shower, and a built-in gas grill. As the sun sets, the ambiance transforms with glowing pool lighting and the warmth of a custom swim up pool and spa and linear gas fire wall--the perfect setting for evenings under the coastal stars. Proven performance, this property is a formidable investment. The estate demonstrates a robust and consistent revenue stream. The absence of an HOA grants the owner complete autonomy over rental management and usage. For those seeking a hands-off approach, the option remains to continue a partnership with the Southern Holiday Homes, ensuring the property remains a premier destination for high-end clientele. Situated just moments from the turquoise waters and quartz-sand beaches of the Emerald Coast, this residence offers immediate access to the vibrant dining, golf, and leisure attractions of the 30A corridor. Whether you are seeking a private family compound or a high-yield luxury investment, this estate represents a singular opportunity to secure a legacy property in one of the most desirable coastal markets.
Room Information
Room Name Level Dimensions Length Width
BedroomFirst13.17 x 15.3313.1715.33
BedroomFirst14.17 x 14.6714.1714.67
BedroomFirst13.58 x 14.2513.5814.25
Recreation RoomFirst31.83 x 19.931.8319.90
BedroomSecond14.75 x 18.7514.7518.75
BedroomSecond14.67 x 14.6714.6714.67
Living RoomSecond25.17 x 19.925.1719.90
KitchenSecond18.42 x 18.6718.4218.67
BedroomThird14.58 x 18.7514.5818.75
BedroomThird14.33 x 11.4214.3311.42
BedroomThird14.33 x 13.1714.3313.17
Bonus RoomThird23.33 x 1223.3312.00

Listing Office: Compass

Last Updated: September - 29 - 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.