17 Penny Lane, Santa Rosa Beach, FL 32459 (MLS# 992482)

Description

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.

Supplements: - 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!

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 622.95 List Date: 2026-01-09 Current Price: $3,995,000 List Price: $3,995,000

Location, Tax and Legal

Sub Area: 1705 - SRB South of 30A Elementary School: Van R Butler Middle School: Emerald Coast High School: South Walton Legal Description: BEG SW/COR GOV LOT 25,N 02 DEG 55'43''E 109.83FT,S 87 DEG 57'11''E 133.00FT,S 02 DEG 25'03''W 110.08FT TO S LN LOT 25 W 133.00FT TO POB BEING IN SEC 02-3S-20W

General Property Info

Sub-Type: Detached Single Family Design: Beach House SqFt Source: Appraiser Garage: Yes Carport: No Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 6413 Bedrooms: 10 Full Baths: 9 Half Baths: 2 Total Bathrooms: 11 # Stories: 3 Year Built: 2022 Garage Spaces: 2 Acreage: 0.34

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 27854.88 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: 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.

Sale Type

Accept Backup Offers: 1

Construction Status

Construction Complete: 1

Parking Features

Garage Attached: 1

Construction/Siding

Roof Tile/Slate: 1 Slab: 1 Stucco: 1 Trim Wood: 1

Utilities

Gas - Natural: 1 Public Sewer: 1 Public Water: 1

Zoning

Resid Single Family: 1

Interior

Breakfast Bar: 1 Ceiling Crwn Molding: 1 Ceiling Raised: 1 Elevator: 1 Fireplace 2+: 1 Fireplace Gas: 1 Floor Tile: 1 Hallway Bunk Beds: 1 Kitchen Island: 1 Lighting Recessed: 1 Pantry: 1 Shelving: 1 Washer/Dryer Hookup: 1 Window Treatment All: 1 Woodwork Painted: 1

Financing

Conventional: 1

Appliances

Auto Garage Door Opn: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Freezer: 1 Ice Machine: 1 Microwave: 1 Range Hood: 1 Refrigerator: 1 Security System: 1 Stove/Oven Gas: 1 Wine Refrigerator: 1

Energy

AC - 2 or More: 1 AC - Central Elect: 1 Ceiling Fans: 1 Water Heater - Gas: 1 Water Heater - Tnkls: 1

Mstr Bdrm/Mstr Bath

MBath Double Vanity: 1 MBath Dressing Area: 1 MBath Separate Shwr: 1 MBath Tile: 1 MBed Balcony: 1 MBed First Floor: 1 MBed Sitting Area: 1 MBed Walk-in Closet: 1

Bedroom

First: 1 Third: 1

Living Room

Second: 1 Third: 1

Full Bathroom

First: 1 Third: 1

Rooms

Balcony: 1 Bedroom: 1 Bunk Room: 1 Family Room: 1 Full Bathroom: 1 Living Room: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 17 - 30A West Street #: 17 Street Name: Penny Street Suffix: Lane State: FL Zip Code: 32459 County: Walton Project Name/Subdivision: Penny Lane Parcel ID: 02-3S-20-34160-000-0251

Property Features

Sale Type: Accept Backup Offers Construction Status: Construction Complete Zoning: Resid Single Family Parking Features: Garage Attached Interior: Breakfast Bar; Ceiling Crwn Molding; Ceiling Raised; Elevator; Fireplace 2+; Fireplace Gas; Floor Tile; Hallway Bunk Beds; Kitchen Island; Lighting Recessed; Pantry; Shelving; Washer/Dryer Hookup; Window Treatment All; Woodwork Painted Appliances: Auto Garage Door Opn; Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Range Hood; Refrigerator; Security System; Stove/Oven Gas; Wine Refrigerator Utilities: Gas - Natural; Public Sewer; Public Water Energy: AC - 2 or More; AC - Central Elect; Ceiling Fans; Water Heater - Gas; Water Heater - Tnkls Bedroom: First; Third Living Room: Second; Third Full Bathroom: First; Third Rooms: Balcony; Bedroom; Bunk Room; Family Room; Full Bathroom; Living Room Financing: Conventional

Room Information

Bedroom Level: First Dimensions: 13 x 15.4 Length: 13.00 Width: 15.40 Remarks: Bedroom Dimensions: 13 x 15.4 Full Bathroom Level: First Dimensions: 6.4 x 8.7 Length: 6.40 Width: 8.70 Remarks: Bathroom Dimensions: 6.4 x 8.7 Family Room Level: First Dimensions: 31.1 x 19.11 Length: 31.10 Width: 19.11 Remarks: Family room Dimensions: 31.1 x 19.11 Bedroom Level: First Dimensions: 14 x 14.8 Length: 14.00 Width: 14.80 Remarks: Bedroom Dimensions: 14 x 14.8 Full Bathroom Level: First Dimensions: 7.1 x 9 Length: 7.10 Width: 9.00 Remarks: Bathroom Dimensions: 7.1 x 9 Bunk Room Level: Second Dimensions: 18.3 x 11.3 Length: 18.30 Width: 11.30 Remarks: Bunk room Dimensions: 18.3 x 11.3 Living Room Level: Second Dimensions: 25 x 20 Length: 25.00 Width: 20.00 Remarks: Living Room Dimensions: 25 x 20 Balcony Level: Second Dimensions: 14 x 6 Length: 14.00 Width: 6.00 Remarks: Balcony Dimensions: 14 x 6 Living Room Level: Third Dimensions: 23.4 x 12 Length: 23.40 Width: 12.00 Remarks: Living Room Dimensions: 23.4 x 12 Balcony Level: Third Dimensions: 15 x 6.5 Length: 15.00 Width: 6.50 Remarks: Balcony Dimensions: 15 x 6.5 Bedroom Level: Third Dimensions: 23.4 x 12 Length: 23.40 Width: 12.00 Remarks: Bedroom Dimensions: 23.4 x 12 Full Bathroom Level: Third Dimensions: 12 x 7 Length: 12.00 Width: 7.00 Remarks: Bathroom Dimensions: 12 x 7