54 N Gulf Drive, Santa Rosa Beach, FL 32459

New Listing
$3,900,000
Property Type: Residential Bedrooms: 8 Baths: 9 Square Footage: 4,663 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $3,900,000 List Date: 3/16/2026 Last Modified: 3/17/2026

Description

Short term rental powerhouse featuring a brand new 2024 build with spacious designer interiors, private heated pool with splash pad, two living areas, ping pong table, and massive 20 person sleeping capacity to maximize revenue. Designer furnishings, professional photography and full inventory to convey for immediate revenue generation. Less than a 2-minute walk (under ½ mile) to pristine 30A beaches ensures high occupancy. Includes a free six-seater electric golf cart and two paddleboards for added guest appeal. Designed from the ground up to ensure easy, low cost maintenance and best possible yield. Do an Internet search on Legacy Beach Homes of Destin, Florida to view real time calendars in order to determine availability for showings

Supplements: Seller is listing over $100 million worth of properties from their portfolio (35 large STRs in the Destin/Miramar/30A area with an average appraisal value of slightly over $3M each.). The seller is only selling 10% of the portfolio. Seller will withdraw this and/or any other remaining listings once the first $10 million (approximately) in sales have been achieved. Seller does not disclose property-level rental revenue data. Buyer to perform their own due diligence regarding income potential. However, the appraisal in the document section of this listing may include the appraiser's revenue projection. Neither Airbnb nor VRBO offer a transfer option. However, the seller will make all reasonable efforts to facilitate the transfer of reservations. The Seller does not have to sell. Property has been priced based on recent appraisal and reflects the seller's minimum acceptable price. Most recent appraisal and inspections are included in the documents section of this listing

More Information MLS# 998085

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 836.37 List Date: 2026-03-16 Current Price: $3,900,000 List Price: $3,900,000

Location, Tax and Legal

Sub Area: 1802 - S. of 98 W of Camp Creek Elementary School: Dune Lakes Middle School: Emerald Coast High School: South Walton Legal Description: LOT 17 BLK D EASTERN LAKE PB 2-30 OR 1068-272 OR 2618-4912 OR 2622-1101 OR 3252-916

General Property Info

Sub-Type: Detached Single Family Design: Contemporary SqFt Source: Building Plan Immediate Occupancy: Yes Garage: No Carport: No Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 4663 Bedrooms: 8 Full Baths: 9 Total Bathrooms: 9 # Stories: 3 Year Built: 2024 Acreage: 0.17

Listing Info, Tax & Legal

Homestead: No Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 12613.31 Last Tax Year: 2025 Brokerage Interest: Familial Interest - Listing Broker/Licensee related to owner. As Is: Yes

Remarks & Misc

Remarks: Short term rental powerhouse featuring a brand new 2024 build with spacious designer interiors, private heated pool with splash pad, two living areas, ping pong table, and massive 20 person sleeping capacity to maximize revenue. Designer furnishings, professional photography and full inventory to convey for immediate revenue generation. Less than a 2-minute walk (under ½ mile) to pristine 30A beaches ensures high occupancy. Includes a free six-seater electric golf cart and two paddleboards for added guest appeal. Designed from the ground up to ensure easy, low cost maintenance and best possible yield. Do an Internet search on Legacy Beach Homes of Destin, Florida to view real time calendars in order to determine availability for showings

Construction Status

Construction Complete: 1

Lot Features

Within 1/2 Mile to Water: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1

Zoning

Resid Single Family: 1

Energy

AC - Central Elect: 1

Bedroom

First: 1 Second: 1 Third: 1

Kitchen

First: 1

Living Room

First: 1 Second: 1

Rooms

Bedroom: 1 Kitchen: 1 Living Room: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 18 - 30A East Street #: 54 Street Direction: N Street Name: Gulf Street Suffix: Drive State: FL Zip Code: 32459 County: Walton Project Name/Subdivision: EASTERN LAKE S/D Parcel ID: 19-3S-18-16010-00D-0170

Property Features

Construction Status: Construction Complete Lot Features: Within 1/2 Mile to Water Zoning: Resid Single Family Utilities: Electric; Public Sewer; Public Water Energy: AC - Central Elect Bedroom: First; Second; Third Kitchen: First Living Room: First; Second Rooms: Bedroom; Kitchen; Living Room

Room Information

Living Room Level: First Dimensions: 8 x 18 Length: 8.00 Width: 18.00 Dimensions: 8 x 18 Bedroom Level: First Dimensions: 13 x 15 Length: 13.00 Width: 15.00 Dimensions: 13 x 15 Bedroom Level: First Dimensions: 13 x 15 Length: 13.00 Width: 15.00 Dimensions: 13 x 15 Kitchen Level: First Dimensions: 13 x 13 Length: 13.00 Width: 13.00 Dimensions: 13 x 13 Bedroom Level: Second Dimensions: 14 x 13 Length: 14.00 Width: 13.00 Dimensions: 14 x 13 Bedroom Level: Second Dimensions: 23 x 10 Length: 23.00 Width: 10.00 Dimensions: 23 x 10 Bedroom Level: Second Dimensions: 10 x 14 Length: 10.00 Width: 14.00 Dimensions: 10 x 14 Living Room Level: Second Dimensions: 16 x 32 Length: 16.00 Width: 32.00 Dimensions: 16 x 32 Bedroom Level: Third Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Dimensions: 13 x 12 Bedroom Level: Third Dimensions: 12 x 14 Length: 12.00 Width: 14.00 Dimensions: 12 x 14 Bedroom Level: Third Dimensions: 10 x 13 Length: 10.00 Width: 13.00 Dimensions: 10 x 13
Listing Office: Century 21 Wimco Realty Inc
Last Updated: March - 17 - 2026
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.