For more information on this property, contact Cole Blair at 850-376-3269 or cole@coleblair.com

21 Penny Lane
Santa Rosa Beach, Florida FL 32459
Sold For: $4,500,000
Listing ID 901990
Status Sold
Bedrooms 10
Full Baths 9
Total Baths 11
Partial Baths 2
SqFt 5,992
Acres 0.250
Year Built 2022

Property 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 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!

Primary Features

County: Walton
Half Baths: 2
Price Before Reduction: 4650000
Price Reduction Date: 2023-08-28T20:52:12+00:00
Property Sub Type: Detached Single Family
Property Type: Residential
Subdivision: Colleen's Cove
Year Built: 2022
Zoning: County, Resid Single

Interior

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
Bathrooms Total Integer: 11
Cooling: yes
Cooling Type: Ceiling Fan(s), Central Air
Heating: yes
Heating Type: Central
Interior Features: 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
Rooms Total: 12
Stories: 3

External

Architectural Style: Beach House
Attached Garage: yes
Carport: no
Construction Materials: Frame, Roof Pitched, Roof Tile/Slate, Stucco, Trim Vinyl
Exterior Features: 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
Garage Spaces: 2
Lot Features: Level, Survey Available, Within 1/2 Mile to Water
Lot Size Area: 0.25
Lot Size Dimensions: 110' X 100'
Lot Size Square Feet: 10890
Lot Size Units: Acres
Parking Features: Garage, Golf Cart Enclosed

Location

Building Area Source: Building Plan
Directions: From US Hwy 98 turn South onto Hwy 393. Turn left on Penny Lane. The home is north of Shunk Gully and Ed Walline Park
Elementary School: Van R Butler
High School: South Walton
Middle Or Junior School: Emerald Coast
MLS Area Major: 17 - 30A West
MLS Area Minor: 1703 - Santa Rosa Beach and S of 98 East of 393
View: Gulf

Additional

New Construction: no
Pool Features: Pool Type
Property Condition: Construction Complete
Utilities: Electric, Gas - Natural, Phone, Public Sewer, Public Water, TV Cable

Financial

Zoning Info


© 2024 Emerald Coast Association of REALTORS®, Inc. (ECARMLS). The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but is not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: Friday, March 29th, 2024 05:22:19 AM. Listing courtesy of The Premier Property Group.

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