Price Reduction
Address
17 Penny Lane, Santa Rosa Beach, FL
Price
$ 3,750,000
Property Attributes
- MLS#992482
- TypeSingle Family
- Listing Status Active
- CountyWalton
- CitySanta Rosa Beach
- Area30A West
- NeighborhoodPenny Lane
- Zip32459
- StyleBeach House
- Year Built2022
- Taxes$ 27854
- Price$ 3,750,000
- Bedrooms10
- Full Bathrooms9
- Half Bathrooms2
- Sqr Footage6413
- Lot Size0.34 Acres
Data Source:
Emerald Coast MLS (ECAR)
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 | |
|---|---|
| 5/21/2026 | Listed $3,995,000 |
| 6/8/2026 | 1$3,945,000 |
| 9/5/2026 | 5$3,750,000 |
General Features
| Utilities | Gas - Natural,Public Water |
|---|---|
| Zoning | Resid Single Family |
| Property Subtype | Detached Single Family |
| County | Walton |
| Property Type | Residential |
| Subdivision Name | Penny Lane |
| Status | Active |
| Buyer Financing | Conventional |
| Directions | Turn South on Highway 393 and head South. Turn left on Penny Lane. Just North of Shunk Gully Restaurant |
| High School | South Walton |
| City | Santa Rosa Beach |
| MLS Area | 17 - 30A West |
| Lot Size Units | Acres |
| Lot Size Square Feet | 14810.4 |
| Elementary School | Van R Butler |
| Middle/Junior High School | Emerald Coast |
| MLS Area Minor | 1705 - SRB South of 30A |
| Standard Status | Active |
| Sewer | Public Sewer |
| Cooling | Ceiling Fans,Central Air |
| Garage Spaces | 2 |
| Architectural Style | Beach House |
| Construction Materials | Stucco,Trim Wood |
| Year Built | 2022 |
| Stories Count | 3 |
| Tax Year | 2025 |
| New Construction | false |
| Attached Garage | true |
| Total Rooms | 12 |
| Carport Y/N | false |
| Property Condition | Construction Complete |
| Pool Features | Pool Type |
Interior Features
| Total Baths | 11 |
|---|---|
| Interior Amenities | Breakfast Bar,Ceiling Crwn Molding,Ceiling Raised,Elevator,Fireplace 2+,Hallway Bunk Beds,Kitchen Island,Lighting Recessed,Pantry,Shelving,Washer/Dryer Hookup,Woodwork Painted |
| Flooring | Floor Tile |
| Air Conditioning Y/N | true |
| Window Features | Window Treatment All |
| Fireplace Features | Fireplace Gas |
| Fireplace Y/N | true |
Exterior Features
| Lot Size Area | 0.34 |
|---|---|
| Lot Dimensions | 77x100 |
| Lot Size Acres | 0.34 |
| Foundation Details | Slab |
| Building Area Total | 6413 |
| Total Parking | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32459
Price
Taxes
Year Built
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