Just Listed

Address

17 Penny Lane, Santa Rosa Beach, FL

Listing Type

Active

Price

$ 3,750,000

Your Agent

Bob Thomas

REALTOR® | Partner

817-680-9860

Property Attributes

MLS#795944
TypeSingle Family
Listing Status Active
CountyWalton
CitySanta Rosa Beach
Area12 - Walton County
Neighborhood[No Recorded Subdiv]
Zip32459
Style
Year Built2022
Taxes$ 27854
Price$ 3,750,000
Bedrooms10
Full Bathrooms9
Half Bathrooms2
Sqr Footage6413
Lot Size0.33 Acres

Data Source:

Central Panhandle Association of REALTORS® (CPAR)

Property Description

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. - 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!

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

Price History
9/28/2026	Listed $3,750,000

General Features

Sewer	Public Sewer
Utilities	High Speed Internet Available
Property Subtype	Single Family Residence
Tax Year	2025
Community Features	Short Term Rental Allowed
County	Walton
Property Type	Residential
HOA	false
Subdivision Name	[No Recorded Subdiv]
Special Listing Conditions	Listed As-Is
Status	Active
Directions	From 98 turn south on highway 393. Turn left on Penny Lane. Just North of Shunk Gulley Restaurant.
High School	South Walton
City	Santa Rosa Beach
Zoning Description	Resid Single Family
MLS Area	12 - Walton County
Lot Size Units	Acres
Lot Size Square Feet	14375
Elementary School	Van R Butler
Tax Annual Amount	27854.9
Middle/Junior High School	Emerald Coast
Standard Status	Active
Property Sub Type Additional	Single Family Residence
Occupancy Type	Tenant
Year Built	2022
Cooling	Central Air,Ceiling Fan(s)
Appliances	Gas Cooktop,Gas Oven,Gas Water Heater,Tankless Water Heater
Patio/Porch Features	Balcony
Construction Materials	Stucco
View	Gulf
Attached Garage	false
Garage Y/N	true
Total Rooms	10
Full Baths	9
Garage Spaces	2
Architectural Style	Coastal
Stories Count	3
Levels	Three Or More
Pool Features	In Ground,Private
New Construction	false
Roof	Tile

Interior Features

Total Baths	11
Interior Amenities	Double Vanity,Walk-In Closet(s)
Flooring	Plank,Vinyl
Furnished Units	All Units
Air Conditioning Y/N	true
Total Bedrooms	10
LivingAreaSource	Appraiser
Half Baths	2
Total Stories	3

Exterior Features

Lot Features	Paved
Lot Size Area	0.33
Lot Dimensions	110.0 ft x 133.0 ft
Lot Size Acres	0.33
Building Area Total	6413
Waterfront Y/N	false
Foundation Details	Slab
Private Pool	true