485 Old Beach Road, Santa Rosa Beach, FL 32459
Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast
485 Old Beach Road,Santa Rosa Beach, FL 32459
$5,500,000
- 5 Beds
- 4 Baths
- 2,351 sq. ft.
- Single family
- Active
Listed by: snelling team
Office: scenic sotheby's international realty
MLS#:1012886
Source:FL_ECAR
Price summary
- Price:$5,500,000
- Price per sq. ft.:$2,339.43
About this home
Perched atop a sugar-white dune in the private, gated enclave of Old Florida Beach, this rare gulf-front lot offers both immediate rental income and long-term development potential. The existing home, spanning only half of the buildable footprint, generates nearly $200,000 in annual rental revenue and comfortably accommodates up to 14 guests. Priced at lot value based on recent sales on the west end of Scenic Highway 30A, this is a compelling opportunity to hold, collect, and plan.
The current residence offers classic coastal charm, featuring breezy porches, multiple balconies, and a walkway that leads directly to the shoreline. Inside, the open-concept main floor includes a large living area, dining space for six, and a generous kitchen with wraparound butcher block counters. Two guest rooms with twin queen beds share a hall bath on this level, while upstairs features two additional queen bedrooms with balcony access, a shared bath, and a spacious gulf-facing primary suite. The primary includes its own beachfront balcony, wet bar, and an ensuite with marble-tiled walk-in shower and granite-topped vanities.
Beyond the home itself, Old Florida Beach is a coveted low-density community with private beach access, a neighborhood pool, and a dock on Draper Lake -- one of the area's rare coastal dune lakes. From this tranquil location, you're minutes from Gulf Place, Seaside, Florida, and the Village of Baytowne Wharf, with dining, shops, and entertainment close by. Bring a buyer, builder, or investor ready to envision a future gulf-front masterpiece, while letting the current home pay its way in the meantime....
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Home facts
- Year built:1996
- Subdivision & Development:OLD FLORIDA BEACH
- Listing ID #:1012886
- Added:1 day(s) ago
- Updated:September 29, 2026 at 12:42 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:8
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric
- Living area:2,351 sq. ft.
Structure and exterior
- Year built:1996
- Building area:2,351 sq. ft.
- Lot area:0.56 Acres
- Lot Features:Covenants
- Architectural Style:Beach House
- Exterior Features:Balcony, Shower
Schools
- High school:South Walton
- Middle school:Emerald Coast
- Elementary school:Van R Butler
Utilities
- Water:Community Water, Public Water
Finances and disclosures
- Price:$5,500,000
- Price per sq. ft.:$2,339.43
- Tax amount:$35,914 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer
- Laundry features:Dryer, Washer
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