$5,500,000
Santa Rosa Beach, FL 32459
MLS# 1012886
5 beds | 4 baths | 2351 sqft

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Property Description
Perched atop a sugar-white dune in the private, gated enclave of Old Florida Beach, this rare gulf-front lot offers both immediate rental income and long-term development potential. The existing home, spanning only half of the buildable footprint, generates nearly $200,000 in annual rental revenue and comfortably accommodates up to 14 guests. Priced at lot value based on recent sales on the west end of Scenic Highway 30A, this is a compelling opportunity to hold, collect, and plan. The current residence offers classic coastal charm, featuring breezy porches, multiple balconies, and a walkway that leads directly to the shoreline. Inside, the open-concept main floor includes a large living area, dining space for six, and a generous kitchen with wraparound butcher block counters. Two guest rooms with twin queen beds share a hall bath on this level, while upstairs features two additional queen bedrooms with balcony access, a shared bath, and a spacious gulf-facing primary suite. The primary includes its own beachfront balcony, wet bar, and an ensuite with marble-tiled walk-in shower and granite-topped vanities. Beyond the home itself, Old Florida Beach is a coveted low-density community with private beach access, a neighborhood pool, and a dock on Draper Lake -- one of the area's rare coastal dune lakes. From this tranquil location, you're minutes from Gulf Place, Seaside, Florida, and the Village of Baytowne Wharf, with dining, shops, and entertainment close by.
Details
General Property Info
userdefined76: 5
Sub-Type: Detached Single Family
Design: Beach House
SqFt Source: County PA Records
Immediate Occupancy: Yes
Garage: No
Carport: No
Driveway Spaces: 5
Pool: Yes
Pool Type: Community
Apx SqFt(Htd/Cooled): 2351
Bedrooms: 5
Full Baths: 4
Total Bathrooms: 4
# Stories: 2
Year Built: 1996
Acreage: 0.56
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 2339.43
List Date: 2026-09-28
Current Price: $5,500,000
List Price: $5,500,000
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: LOT 6 OLD FLORIDA BEACH PB 9-17 OR 980-191 OR 1420-156 OR 3050-4064
Listing Info, Tax & Legal
Homestead: No
Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 2600
Annual Assessment Amount: 2600
Assessment Paid: Annually
New Buyer Fee: No
Last Taxes: 35913.68
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: Perched atop a sugar-white dune in the private, gated enclave of Old Florida Beach, this rare gulf-front lot offers both immediate rental income and long-term development potential. The existing home, spanning only half of the buildable footprint, generates nearly $200,000 in annual rental revenue and comfortably accommodates up to 14 guests. Priced at lot value based on recent sales on the west end of Scenic Highway 30A, this is a compelling opportunity to hold, collect, and plan.
The current residence offers classic coastal charm, featuring breezy porches, multiple balconies, and a walkway that leads directly to the shoreline. Inside, the open-concept main floor includes a large living area, dining space for six, and a generous kitchen with wraparound butcher block counters. Two guest rooms with twin queen beds share a hall bath on this level, while upstairs features two additional queen bedrooms with balcony access, a shared bath, and a spacious gulf-facing primary suite. The primary includes its own beachfront balcony, wet bar, and an ensuite with marble-tiled walk-in shower and granite-topped vanities.
Beyond the home itself, Old Florida Beach is a coveted low-density community with private beach access, a neighborhood pool, and a dock on Draper Lake -- one of the area's rare coastal dune lakes. From this tranquil location, you're minutes from Gulf Place, Seaside, Florida, and the Village of Baytowne Wharf, with dining, shops, and entertainment close by.
Waterfront
Gulf: 1
Waterfront Feet: 65
Construction Status
Construction Complete: 1
Waterview
Gulf: 1
Lot/Parcel Access
Controlled Access: 1
Private Road: 1
Lot Features
Covenants: 1
Within 1/2 Mile to Water: 1
Project Facilities
Beach: 1
Dock: 1
Gated Community: 1
Pets Allowed: 1
Picnic Area: 1
Pool: 1
Short Term Rental - Allowed: 1
Construction/Siding
Roof Metal: 1
Siding CmntFbrHrdBrd: 1
Utilities
Community Sewer: 1
Community Water: 1
Electric: 1
Gas - Natural: 1
Public Water: 1
TV Cable: 1
Zoning
Resid Single Family: 1
Exterior
Balcony: 1
Deck Covered: 1
Deck Open: 1
Patio Open: 1
Shower: 1
Interior
Furnished - All: 1
Window Treatment All: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Refrigerator: 1
Stove/Oven Electric: 1
Washer: 1
Energy
AC - High Efficiency: 1
Heat High Efficiency: 1
Mstr Bdrm/Mstr Bath
MBath Double Vanity: 1
MBed Balcony: 1
MBed Waterfront: 1
Master Bedroom
Second: 1
Bedroom
First: 1
Second: 1
Kitchen
First: 1
Living Room
First: 1
Rooms
Bedroom: 1
Kitchen: 1
Living Room: 1
Master Bathroom: 1
Master Bedroom: 1
Fees Include
Accounting: 1
Ground Keeping: 1
Land Recreation: 1
Management: 1
Recreational Faclty: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 17 - 30A West
Street #: 485
Street Name: Old Beach
Street Suffix: Road
State: FL
Zip Code: 32459
County: Walton
Project Name/Subdivision: OLD FLORIDA BEACH
Parcel ID: 11-3S-20-34020-000-0060
Property Features
Construction Status: Construction Complete
Lot Features: Covenants; Within 1/2 Mile to Water
Zoning: Resid Single Family
Waterfront: Gulf
Waterview: Gulf
Project Facilities: Beach; Dock; Gated Community; Pets Allowed; Picnic Area; Pool; Short Term Rental - Allowed
Exterior: Balcony; Deck Covered; Deck Open; Patio Open; Shower
Interior: Furnished - All; Window Treatment All
Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Stove/Oven Electric; Washer
Utilities: Community Sewer; Community Water; Electric; Gas - Natural; Public Water; TV Cable
Energy: AC - High Efficiency; Heat High Efficiency
Master Bedroom: Second
Bedroom: First; Second
Kitchen: First
Living Room: First
Rooms: Bedroom; Kitchen; Living Room; Master Bathroom; Master Bedroom
Fees Include: Accounting; Ground Keeping; Land Recreation; Management; Recreational Faclty
Supplements
Bring a buyer, builder, or investor ready to envision a future gulf-front masterpiece, while letting the current home pay its way in the meantime.
Room Information
| Room Name | Level | Dimensions | Length | Width | Remarks |
| Living Room | First | 14 x 12 | 14.00 | 12.00 | |
| Kitchen | First | 24 x 14 | 24.00 | 14.00 | |
| Master Bedroom | Second | 20 x 26 | 20.00 | 26.00 | Gulf Front Balcony |
| Master Bathroom | Second | 10 x 9 | 10.00 | 9.00 | |
| Bedroom | First | 16 x 12 | 16.00 | 12.00 | Front Porch |
| Bedroom | First | 16 x 11 | 16.00 | 11.00 | Front Porch |
| Bedroom | Second | 12 x 12 | 12.00 | 12.00 | Back Porch |
| Bedroom | Second | 12 x 12 | 12.00 | 12.00 | Back Porch |
Listing Office: Scenic Sotheby's International Realty
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.
Broker Attribution:
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