17 Penny Lane, Santa Rosa Beach, FL 32459
Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast
17 Penny Lane,Santa Rosa Beach, FL 32459
$3,945,000
- 10 Beds
- 11 Baths
- 6,413 sq. ft.
- Single family
- Active
Listed by: cherissa cabahug, bryson g lee
Office: 1 percent lists florida coast
MLS#:992482
Source:FL_ECAR
Price summary
- Price:$3,945,000
- Price per sq. ft.:$615.16
About this home
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!...
Contact an agent
Home facts
- Year built:2022
- Subdivision & Development:Penny Lane
- Listing ID #:992482
- Added:209 day(s) ago
- Updated:August 07, 2026 at 07:53 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:11
- Full bathrooms:9
- Half bathrooms:2
- Rooms Total:12
- Kitchen Description:Dishwasher, Disposal, Freezer, Ice Machine, Microwave, Range Hood, Refrigerator, Stove/Oven Gas, Wine Refrigerator
- Living area:6,413 sq. ft.
Heating and cooling
- Central air:Yes
Structure and exterior
- Year built:2022
- Building area:6,413 sq. ft.
- Lot area:0.34 Acres
- Architectural Style:Beach House
Schools
- High school:South Walton
- Middle school:Emerald Coast
- Elementary school:Van R Butler
Utilities
- Water:Public Water
Finances and disclosures
- Price:$3,945,000
- Price per sq. ft.:$615.16
- Tax amount:$27,855 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator, Stove/Oven Gas, Wine Refrigerator
- Laundry features:Dryer
- Amenities:Breakfast Bar, Elevator, Kitchen Island, Pantry
Parking
- Garage:Yes
- Garage spaces:2
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