Beach House

17 Penny Lane

Santa Rosa Beach, FL 32459

MLS#: 992482

$3,750,000

Status: Active
Listing number: 992482
Listing provided by: 1 Percent Lists Florida Coast
Listing agent phone: None
Last update: 2 days ago
On site: 10 months ago
Browse Properties
Penny Lane - Residential

Property

Beds

10

Full Baths

9

1/2 Baths

2

Year Built

2022

Sq.Footage

6,413

MOTIVATED SELLER! 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 - Deductible operating expenses: management fees, maintenance, utilities, insurance, and interest. - Ownership flexibility: short-term rental, seasonal vacation home, long-term income property; compatible with 1031 exchange and portfolio diversification strategies (confirm with your tax advisor).

Features & Amenities

Interior

  • Other Interior Features

    Breakfast Bar, Crown Molding, Vaulted Ceiling(s), Kitchen Island, Recessed Lighting, Pantry, Elevator

  • Total Bedrooms

    10

  • Bathrooms

    9

  • 1/2 Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s), Electric

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Stucco

  • Parking

    Garage Door Opener, Attached, Garage

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.34

  • Lot Size(square feet)

    14,810

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Beach House

Price

  • Sales Price

    $3,750,000

  • Tax Amount

    $27,854.88

  • Zoning

    Resid Single Family

  • Sq. Footage

    6,413

  • Price/SqFt

    $584

HOA

  • Association

    No

School District

  • Elementary School

    Van R Butler

  • Middle School

    Emerald Coast

  • High School

    South Walton

Property Features

  • New Construction

    NO

  • Foundation Details

    Slab

  • 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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Agent Ashley Campbell (Sonnenberg)

AGENT

Ashley Campbell (Sonnenberg)

Call Ashley today to schedule a private showing.

(448) 777-2139

ashleycampbell@cireec.com


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MOTIVATED SELLER! 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 - Deductible operating expenses: management fees, maintenance, utilities, insurance, and interest. - Ownership flexibility: short-term rental, seasonal vacation home, long-term income property; compatible with 1031 exchange and portfolio diversification strategies (confirm with your tax advisor).

17 Penny Lane

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