17 Penny Ln, Santa Rosa Beach, FL 32459

$3,945,000
10
BD
11
BA
6,413
SqFt

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List Price
$3,945,000
Price Change
▼ $50,000 1780958950
Days on Market
199
MLS#
992482
Status
ACTIVE
Type
Single Family Residential
Subtype
Detached Single Family
Bedrooms
10
Bathrooms
11
Full Bathrooms
9
Half Bathrooms
2
Living Area
6,413
Lot Size
14,810
Neighborhood
SRB South of 30A

Property Description

MOTIVATED SELLER! This 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 - 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!

Additional Information

Acres
0.34
Appliances
Dishwasher, Disposal, Dryer, Freezer, Microwave, Range Hood, Refrigerator, LP Gas Water Heater, Water Heater
Style
Beach House
Elementary School
Van R Butler
High School
South Walton
Interior Features
Breakfast Area, Crown Molding, Vaulted/Cathedral Ceilings, Fireplace(s), Kitchen Island, Recessed Lighting, Pantry, Shelving, Washer Hookup, Newly Painted, Elevator
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
Middle School
Emerald Coast
Neighborhood
SRB South of 30A
Parking Features
Garage Door Opener
Stories
3
Subdivision
Penny Lane
Year Built
2022
Zoning
Resid Single Family

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Calculator source: Real Geeks

Listing courtesy of 1 Percent Lists Florida Coast.

Vendor Member Number : 28166