17 Penny Lane, Santa Rosa Beach, FL 32459 (MLS# 795944)

Acreage: 0.33

Design: Beach House

Lot Size (SqFt): 14375

Apx SqFt(Htd/Cooled): 6413

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 2

# of Stories in Building: 3

Accessory Dwelling Unit: No

Lot Dimensions: 110.0 ft x 133.0 ft

New Construction: No

Garage Y/N: Yes

Garage Spaces: 2

Driveway Spaces: 6

Pool: Yes

Pool Type: Private

Sub-Type: Detached Single Family

Bedrooms: 10

Full Baths: 9

Total Baths: 11

Year Built: 2022

List Price/SqFt: 584.75

Status: Active

List Date: 2026-09-28

List Price: $3,750,000

Current Price: $3,750,000

Sub Area: 1202 - Walton - Santa Rosa Beach

Community/Resort: None

Waterfront: No

Elementary School: Van R Butler

Middle School: Emerald Coast

High School: South Walton

Directions: From 98 turn south on highway 393. Turn left on Penny Lane. Just North of Shunk Gulley Restaurant.

Area: 12 - Walton County

Street #: 17

Street Name: Penny

Street Suffix: Lane

State: FL

Zip Code: 32459

County: Walton

Subdivision: [No Recorded Subdiv]

Parcel ID: 02-3S-20-34160-000-0251

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

Homestead: No

HOA Fee: No

New Buyer Fee: No

Last Taxes: 27854.9

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Remarks: 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!

Second: 1

Third: 1

Second: 1

First: 1

Inground: 1

Spa/ Hot Tub: 1

Cooktop - Gas: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Microwave: 1

Oven - Gas: 1

Washer: 1

Water Heater - Gas: 1

Water Heater - Tankless: 1

Wine Refrigerator: 1

Elevator: 1

Floor - Vinyl Plank: 1

Kitchen Island: 1

Lighting - Recessed: 1

Foundation - Slab on Grade: 1

Roof - Tile/Slate: 1

Siding - Stucco: 1

Trim - Wood: 1

Balcony: 1

Conventional: 1

Furnished: 1

Second: 1

Third: 1

Near Beach Access: 1

Paved Road: 1

Driveway: 1

Garage Attached: 1

Resid Single Family: 1

Balcony: 1

Bedroom: 1

Bunk Room: 1

Family Room: 1

Full Bathroom: 1

Living Room: 1

Cable - Available: 1

Electricity - Connected: 1

Garbage: 1

Natural Gas - Connected: 1

Internet - Broadband Available: 1

Phone - Available: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

As Is: 1

First: 1

First: 1

Ceiling Fan(s): 1

Central Air: 1

MBath Double Vanity: 1

MBed Walk-in Closet: 1