17 Penny Lane, Santa Rosa Beach, FL 32459

$3,995,000
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Active
BEDS10 BATHS9 full 2 partial SQUARE FEET6,413 MLS#992482
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONPenny Lane

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 - 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 | MLS# 992482

This single family home located at 17 Penny Lane, Santa Rosa Beach, FL 32459 is currently listed for sale with an asking price of $3,995,000. This property was built in 2022 and has 10 bedrooms and 9 full and 2 partial baths with 6413 sq. ft. Penny Lane is located in the Penny Lane subdivision. Search Penny Lane real estate on www.premierfl.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Ceiling Fans, Central Air
Garage: 2 car attached
Home Style: Beach House
Lot Size: 0.34 Acres
Stories: 3.0
Taxes: $27,854
Year Built: 2022

Feature Descriptions

Appliances: Auto Garage Door Opn, Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Range Hood, Refrigerator, Security System, Stove/Oven Gas, Wine Refrigerator, Water Heater - Gas, Water Heater - Tnkls
Days on Site: 146
Exterior: Stucco, Trim Wood
Financing Terms: Conventional
Fireplace: Fireplace Gas
Fireplace Y/N: Yes
Flooring: Floor Tile
Foundation: Slab
Interior: Breakfast Bar, Ceiling Crwn Molding, Ceiling Raised, Elevator, Fireplace 2+, Hallway Bunk Beds, Kitchen Island, Lighting Recessed, Pantry, Shelving, Washer/Dryer Hookup, Woodwork Painted
Lot Dimensions: 77x100
Parcel Number: 02-3S-20-34160-000-0251
Pool Features: Pool Type
Property Condition: Construction Complete
Rooms Total: 12
Security: yes
Sewer: Public Sewer
Sub Type: Detached Single Family
Utilities: Gas - Natural, Public Water
Window: Window Treatment All

Room Sizes

Bedroom: 13 X 15.4 Level - First
Full Bathroom: 6.4 X 8.7 Level - First
Family Room: 31.1 X 19.11 Level - First
Bedroom: 14 X 14.8 Level - First
Full Bathroom: 7.1 X 9 Level - First
Bunk Room: 18.3 X 11.3 Level - Second
Living Room: 25 X 20 Level - Second
Balcony: 14 X 6 Level - Second
Living Room: 23.4 X 12 Level - Third
Balcony: 15 X 6.5 Level - Third
Bedroom: 23.4 X 12 Level - Third
Full Bathroom: 12 X 7 Level - Third

Local Schools

High School: South Walton
Middle School: Emerald Coast
Elementary School: Van R Butler

Listed By / Shown By

Listed By

Agency Name: 1 Percent Lists Florida Coast

Shown By

Agency Title: Premier Property Group
Agency Phone: 850-337-1555

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Estimated Payment

$ 12,377.51 per month $8,891.14 Principal & Interest $2,321.17 Property Tax $1,165.21 Homeowner's Insurance

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