21 Penny Lane, Santa Rosa Beach, FL 32459

$4,500,000
Property Type: Residential Bedrooms: 10 Baths: 11 Square Footage: 5,992 Lot Size (sq. ft.): 10,890 Status: Sold
Current Price: $4,599,999 List Date: 8/28/2023 Last Modified: 10/26/2024

Description

This incredible Multi-Family STR Luxury Compound is expecting over $530K in Rental Projections for 2023, with over $519K currently Completed/Pending so far this year!!! Indulge in the ultimate luxury beachside living experience! This stunning property comes fully furnished in high-end finishes and features every amenity imaginable. This spacious home also boasts an elevator that makes moving between floors a breeze, adding an extra touch of convenience and luxury. Located just steps from the turquoise waters and the white quartz sand beaches of Florida's famous Emerald Coast, this spacious home can accommodate extra large groups by comfortably sleeping 24; making it ideal for exclusive retreats, rentals, and events

Supplements: This extraordinary home is situated across from the sought after Gulf Place District of 30A. Relax in the many beautifully appointed living areas or unwind in one of the luxurious bedrooms. The incredibly designed 8 king master suites, 2 built in bunk rooms which each sleep 4, full-sized laundry on every floor, and all of the 9 full bathrooms are the ultimate in luxury. The spa-like bathrooms feature designer tile and quartz surfaces, as well as the 2 additional half baths add plenty of options for large amounts of guests. The state-of-the-art modern kitchen with a six burner gas stove, double refrigerator freezer, and quartz counters make it the ultimate in modern luxury for the largest of stay and play gatherings. This home even features an additional kitchenette on the 3rd floor living area, along with multiple balconies to enjoy the gulf view! Outside, the stunning patio area is complete with a private refreshing swimming pool, outdoor shower, built-in gas grill, and seating for al fresco dining. Light up the night with glowing pool lights and the built in outdoor gas fireplace. NO HOA, so you'll have the complete freedom to enjoy your time and unrestricted rental ability. Whether you're lounging in the stylish living areas, relaxing in the well-appointed bedrooms, or cooking up a feast in the gourmet kitchen, you'll appreciate the high-end finishes and attention to detail throughout. Don't feel like cooking? The popular Shunk Gulley Oyster Bar of 30A is right nearby along with all the other Gulf Place hot spots. This property is completely turnkey ready, making it the perfect choice for those who want to enjoy the ultimate luxury lifestyle without the hassle of furnishing and decorating. New owner's can also opt to continue with the elite 30A Beach Girls management company, who have continued to bring exclusive guests and a continuous revenue stream to this sought after property with $428k in current reservations already on the books. The Emerald Coast is home to some of the best beaches, golf, dining, attractions, and luxury in the U.S. This is your chance to own such a large and incredible piece of beachside paradise with incredible ROI potential! This ultimate investment not only can pay you, but you have the ability to enjoy it for yourself as well! Schedule your visit or video tour with us today!

More Information MLS# 901990

Status Change Info

Sold Price/SqFt: 751 Status: Sold Under Contract Date: 2023-10-16 Sold Date: 2023-11-22 Sold Price: $4,500,000

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 767.69 List Date: 2022-06-24 Current Price: $4,500,000 List Price: $4,599,999

Location, Tax and Legal

Sub Area: 1703 - Santa Rosa Beach and S of 98 East of 393 Elementary School: Van R Butler Middle School: Emerald Coast High School: South Walton Legal Description: COM SW/COR GOV LOT 25,S 87 DEG 52'57''E 133.00 FT FOR POB,N 02 DEG 58'03''E 110.08 FT,S 87 DEG 57'11''E 100.00 FT,S 02 DEG 55' 29''W 110.20 FT,N 87 DEG 52'57'' W 100.00 FT TO POB BEING IN SEC02-3S-20W OR 1241-59 OR 2905-2577 OR 2911-1409 OR 2933-4637 OR 3172-4806 OR 3183-1633

General Property Info

Sub-Type: Detached Single Family Design: Beach House SqFt Source: Building Plan Immediate Occupancy: Yes Garage: Yes Carport: No Driveway Spaces: 5 Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 5992 Bedrooms: 10 Full Baths: 9 Half Baths: 2 Total Bathrooms: 11 # Stories: 3 Year Built: 2022 Garage Spaces: 2 Acreage: 0.25

Listing Info, Tax & Legal

Who Paid Doc Stamps: Buyer Who Paid Title: Buyer Homestead: No Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: This incredible Multi-Family STR Luxury Compound is expecting over $530K in Rental Projections for 2023, with over $519K currently Completed/Pending so far this year!!! Indulge in the ultimate luxury beachside living experience! This stunning property comes fully furnished in high-end finishes and features every amenity imaginable. This spacious home also boasts an elevator that makes moving between floors a breeze, adding an extra touch of convenience and luxury. Located just steps from the turquoise waters and the white quartz sand beaches of Florida's famous Emerald Coast, this spacious home can accommodate extra large groups by comfortably sleeping 24; making it ideal for exclusive retreats, rentals, and events

Construction Status

Construction Complete: 1

Parking Features

Garage: 1 Garage Attached: 1 Golf Cart Enclosed: 1

Waterview

Gulf: 1

Lot/Parcel Access

County Road: 1 Paved Road: 1

Lot Features

Level: 1 Survey Available: 1 Within 1/2 Mile to Water: 1

Construction/Siding

Frame: 1 Roof Pitched: 1 Roof Tile/Slate: 1 Stucco: 1 Trim Vinyl: 1

Utilities

Electric: 1 Gas - Natural: 1 Phone: 1 Public Sewer: 1 Public Water: 1 TV Cable: 1

Zoning

County: 1 Resid Single Family: 1

Exterior

Balcony: 1 BBQ Pit/Grill: 1 Fenced Back Yard: 1 Fenced Privacy: 1 Hot Tub: 1 Lawn Pump: 1 Patio Covered: 1 Patio Open: 1 Pool - Gunite Concrt: 1 Pool - Heated: 1 Pool - In-Ground: 1 Porch: 1 Shower: 1 Sprinkler System: 1 Summer Kitchen: 1

Interior

Breakfast Bar: 1 Ceiling Crwn Molding: 1 Ceiling Raised: 1 Elevator: 1 Fireplace: 1 Fireplace 2+: 1 Fireplace Gas: 1 Floor Hardwood: 1 Floor Tile: 1 Furnished - All: 1 Hallway Bunk Beds: 1 Kitchen Island: 1 Lighting Recessed: 1 Newly Painted: 1 Owner's Closet: 1 Pantry: 1 Pull Down Stairs: 1 Shelving: 1 Upgraded Media Wing: 1 Washer/Dryer Hookup: 1 Wet Bar: 1 Window Treatmnt Some: 1 Woodwork Painted: 1

Financing

Conventional: 1

Appliances

Auto Garage Door Opn: 1 Cooktop: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Freezer: 1 Ice Machine: 1 Microwave: 1 Oven Double: 1 Range Hood: 1 Refrigerator W/IceMk: 1 Smoke Detector: 1 Stove/Oven Gas: 1 Washer: 1 Wine Refrigerator: 1

Energy

AC - 2 or More: 1 AC - Central Elect: 1 Ceiling Fans: 1 Double Pane Windows: 1 Heat Cntrl Electric: 1 Insulated Doors: 1 Water Heater - Gas: 1 Water Heater - Tnkls: 1

Mstr Bdrm/Mstr Bath

MBath Cultured Mrble: 1 MBath Double Vanity: 1 MBath Dressing Area: 1 MBath Separate Shwr: 1 MBath Tile: 1 MBath Walk-In Closet: 1 MBed Balcony: 1 MBed Walk-in Closet: 1

Bedroom

First: 1 Second: 1 Third: 1

Kitchen

Second: 1

Living Room

Second: 1

Rooms

Bedroom: 1 Bonus Room: 1 Kitchen: 1 Living Room: 1 Recreation Room: 1

Existing Leases

Daily/Weekly: 1

Location Tax and Legal

Area: 17 - 30A West Street #: 21 Street Name: Penny Street Suffix: Lane State: FL Zip Code: 32459 County: Walton Project Name/Subdivision: Colleen's Cove Parcel ID: 02-3S-20-34160-000-0254

Property Features

Construction Status: Construction Complete Lot Features: Level; Survey Available; Within 1/2 Mile to Water Zoning: County; Resid Single Family Waterview: Gulf Parking Features: Garage; Garage Attached; Golf Cart Enclosed Exterior: Balcony; BBQ Pit/Grill; Fenced Back Yard; Fenced Privacy; Hot Tub; Lawn Pump; Patio Covered; Patio Open; Pool - Gunite Concrt; Pool - Heated; Pool - In-Ground; Porch; Shower; Sprinkler System; Summer Kitchen Interior: Breakfast Bar; Ceiling Crwn Molding; Ceiling Raised; Elevator; Fireplace; Fireplace 2+; Fireplace Gas; Floor Hardwood; Floor Tile; Furnished - All; Hallway Bunk Beds; Kitchen Island; Lighting Recessed; Newly Painted; Owner's Closet; Pantry; Pull Down Stairs; Shelving; Upgraded Media Wing; Washer/Dryer Hookup; Wet Bar; Window Treatmnt Some; Woodwork Painted Appliances: Auto Garage Door Opn; Cooktop; Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Oven Double; Range Hood; Refrigerator W/IceMk; Smoke Detector; Stove/Oven Gas; Washer; Wine Refrigerator Utilities: Electric; Gas - Natural; Phone; Public Sewer; Public Water; TV Cable Energy: AC - 2 or More; AC - Central Elect; Ceiling Fans; Double Pane Windows; Heat Cntrl Electric; Insulated Doors; Water Heater - Gas; Water Heater - Tnkls Bedroom: First; Second; Third Kitchen: Second Living Room: Second Rooms: Bedroom; Bonus Room; Kitchen; Living Room; Recreation Room Financing: Conventional Existing Leases: Daily/Weekly

Room Information

Bedroom Level: First Dimensions: 13.17 x 15.33 Length: 13.17 Width: 15.33 Dimensions: 13.17 x 15.33 Bedroom Level: First Dimensions: 14.17 x 14.67 Length: 14.17 Width: 14.67 Dimensions: 14.17 x 14.67 Bedroom Level: First Dimensions: 13.58 x 14.25 Length: 13.58 Width: 14.25 Dimensions: 13.58 x 14.25 Recreation Room Level: First Dimensions: 31.83 x 19.9 Length: 31.83 Width: 19.90 Dimensions: 31.83 x 19.9 Bedroom Level: Second Dimensions: 14.75 x 18.75 Length: 14.75 Width: 18.75 Dimensions: 14.75 x 18.75 Bedroom Level: Second Dimensions: 14.67 x 14.67 Length: 14.67 Width: 14.67 Dimensions: 14.67 x 14.67 Living Room Level: Second Dimensions: 25.17 x 19.9 Length: 25.17 Width: 19.90 Dimensions: 25.17 x 19.9 Kitchen Level: Second Dimensions: 18.42 x 18.67 Length: 18.42 Width: 18.67 Dimensions: 18.42 x 18.67 Bedroom Level: Third Dimensions: 14.58 x 18.75 Length: 14.58 Width: 18.75 Dimensions: 14.58 x 18.75 Bedroom Level: Third Dimensions: 14.33 x 11.42 Length: 14.33 Width: 11.42 Dimensions: 14.33 x 11.42 Bedroom Level: Third Dimensions: 14.33 x 13.17 Length: 14.33 Width: 13.17 Dimensions: 14.33 x 13.17 Bonus Room Level: Third Dimensions: 23.33 x 12 Length: 23.33 Width: 12.00 Dimensions: 23.33 x 12
Listing Office: The Premier Property Group
Last Updated: October - 26 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.