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Beach House

17 Penny Lane

Santa Rosa Beach , FL 32459

MLS#: 992482

$3,995,000

Status: Active
Listing number: 992482
Listing provided by: 1 Percent Lists Florida Coast
Listing agent phone: None
Last update: N/A
On site: a month ago
Browse Properties
Penny Lane - Residential

Property

Beds

10

Full Baths

9

1/2 Baths

2

Year Built

2022

Sq.Footage

6,413

Welcome to your dream getaway! This stunning 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. - 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!

Features & Amenities

Interior

  • Other Interior Features

    Breakfast Bar, Elevator, Kitchen Island, Pantry

  • Total Bedrooms

    10

  • Bathrooms

    9

  • 1/2 Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Central Air

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Parking

    Garage Door Opener, Attached

  • Pool

    Yes

  • Pool Features

    Outdoor Pool, Private

Area & Lot

  • Lot Size(acres)

    0.34

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Beach House

Price

  • Sales Price

    $3,995,000

  • Zoning

    Resid Single Family

  • Sq. Footage

    6, 413

  • Price/SqFt

    $622

HOA

  • Association

    No

School District

  • Elementary School

    Van R Butler

  • Middle School

    Emerald Coast

  • High School

    South Walton

Property Features

  • Stories

    3

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Walton

Elementary School

Van R Butler

Middle School

Emerald Coast

High School

South Walton

Listing Courtesy of Cherissa Cabahug , 1 Percent Lists Florida Coast

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Bob Green

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(631) 371-4778

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Welcome to your dream getaway! This stunning 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. - 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!

17 Penny Lane

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