Coastal Vibes Luxury Beach Group

Beach House

12 Penelope Street

Miramar Beach , FL 32550

MLS#: 867944

$1,599,000

Status: Closed
Listing number: 867944
Listing provided by: Christies International Real Estate Emerald Coast
Listing agent phone: None
Last update: N/A
On site: 4 years ago
Browse Properties
FRANGISTA BEACH 2ND ADDN - Residential

Property

Beds

8

Full Baths

7

1/2 Baths

1

Year Built

2019

Sq.Footage

N/A

Immaculate recently constructed home, primely positioned in the upscale Villas of Frangista Beach neighborhood, offers exceptional turnkey rental income. With gross revenue of $156k (actual rental rate, not including taxes, fees, cleaning, etc.) in 2020, and over $125k already booked with projections to reach $165k in 2021, this home is a proven rental machine. Purposefully designed from the ground up to achieve top rental income and vacation living, this home features 8 bedrooms and 7.5 baths, with a 3rd floor entertainment suite and a resort-style pool. Upscale finishes include granite and quartz counters, an oversized kitchen with modern stainless steel appliances, and a large open floor plan designed to entertain and flow with the outdoor amenities. Each level contains wide covered porches and balconies, ensuite baths, and large kingbedrooms. The entire 3rd floor offers an entertainment haven with a king resort-style suite, a kitchenette and bar area, and a gaming center with a bunk for additional sleeping. Complemented by a backyard oasis featuring the private, heated saltwater pool, grilling area, and custom landscaping, this home also includes a brand new six-seater golf cart (under current management company) with oversized pavered parking for 6 full-size vehicles. The Villas of Frangista Beach offers 2 deeded beach accesses directly south, a community pool, and a private community setting to enjoy the beach life, all while being in the heart of the world class dining, shopping, entertainment and golf courses the Emerald Coast has to offer.

Features & Amenities

Interior

  • Other Interior Features

    Crown Molding, Kitchen Island

  • Total Bedrooms

    8

  • Bathrooms

    7

  • 1/2 Bathrooms

    1

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Other Exterior Features

    Balcony, Outdoor Shower

  • Parking

    Oversized

  • Patio and Porch Features

    Porch

  • Pool

    Yes

  • Pool Features

    Heated, In Ground, Gunite, Private

Area & Lot

  • Lot Size(acres)

    0.14

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Beach House

Price

  • Sales Price

    $1,599,000

  • Tax Amount

    $5,386.48

  • Zoning

    Resid Single Family

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    Yes

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Van R Butler

  • Middle School

    Emerald Coast

  • High School

    South Walton

Property Features

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Walton

Elementary School

Van R Butler

Middle School

Emerald Coast

High School

South Walton

Listing Courtesy of Kristopher R Cannon , Christies International Real Estate Emerald Coast

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Agent Dawn Severt

AGENT

Dawn Severt

Call Dawn today to schedule a private showing.

(850) 684-8957

(859) 608-8419

Dawn@coastalvibeslux.com


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Immaculate recently constructed home, primely positioned in the upscale Villas of Frangista Beach neighborhood, offers exceptional turnkey rental income. With gross revenue of $156k (actual rental rate, not including taxes, fees, cleaning, etc.) in 2020, and over $125k already booked with projections to reach $165k in 2021, this home is a proven rental machine. Purposefully designed from the ground up to achieve top rental income and vacation living, this home features 8 bedrooms and 7.5 baths, with a 3rd floor entertainment suite and a resort-style pool. Upscale finishes include granite and quartz counters, an oversized kitchen with modern stainless steel appliances, and a large open floor plan designed to entertain and flow with the outdoor amenities. Each level contains wide covered porches and balconies, ensuite baths, and large kingbedrooms. The entire 3rd floor offers an entertainment haven with a king resort-style suite, a kitchenette and bar area, and a gaming center with a bunk for additional sleeping. Complemented by a backyard oasis featuring the private, heated saltwater pool, grilling area, and custom landscaping, this home also includes a brand new six-seater golf cart (under current management company) with oversized pavered parking for 6 full-size vehicles. The Villas of Frangista Beach offers 2 deeded beach accesses directly south, a community pool, and a private community setting to enjoy the beach life, all while being in the heart of the world class dining, shopping, entertainment and golf courses the Emerald Coast has to offer.

12 Penelope Street

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