45 Penelope Street, Miramar Beach

$2,275,000

8 Beds
9 Baths
3,171 Sqft
0 Acre
0 Garage

Currently under contract and taking backup offers. Why wait for construction to begin or end when you can start enjoying the benefits of a fully-furnished, modern coastal home and rental income right now? Look no further than 45 Penelope for a prime location near the beach and a successful history of generating impressive ROI. This spectacular property, completed in 2021, boasts 8 roomy bedrooms and a private heated pool, perfect for multiple families to create unforgettable memories. Situated in the highly sought-after gated community of Frangista Beach, the property offers easy access to a private beach and exudes a relaxed coastal ambiance. But what truly sets 45 Penelope apart is its exceptional rental income potential. With a solid track record of earning nearly $180,000 in rental...income in 2022 and a strong start to 2023, this property is not just a projection but a proven winner that outshines the competition. Invest in 45 Penelope today and start enjoying the benefits of a fully-equipped coastal home and a steady stream of rental income, without the wait.

Essential Information
MLS® #917270
Price$2,275,000
Sold Price$2,100,000
Date Sold$2023-06-16
Bedrooms8
Bathrooms9.00
Full Baths8
Half Baths1
Square Footage3,171
Acres0.00
Year Built2021
TypeResidential
Sub-TypeDetached Single Family
StyleBeach House
StatusSold
Community Information
Address45 Penelope Street
Area15 - Miramar/Sandestin Resort
SubdivisionFRANGISTA BEACH 2ND ADDN
CityMiramar Beach
CountyWalton
StateFL
Zip Code32550
Amenities
Has PoolYes
PoolPool - In-Ground, Private
Amenities

Beach, Fishing, Gated Community, Pool

Utilities

Gas - Natural, Public Sewer, Public Water, Tap Fee Paid

Interior
HeatingHeat Cntrl Electric
# of Stories3
Interior Features

Floor Vinyl, Furnished - All, Kitchen Island, Lighting Recessed, Owner's Closet, Washer/Dryer Hookup, Window Treatment All

Appliances

Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Washer

Cooling

AC - Central Elect, Ceiling Fans

Exterior
RoofRoof Metal
FoundationFoundation Off Grade
Exterior

Foundation Off Grade, Roof Metal, Siding CmntFbrHrdBrd

Exterior Features

Balcony, Fenced Back Yard, Patio Open, Pool - In-Ground

Lot Description

Covenants, Within 1/2 Mile to Water

School Information
ElementaryVan R Butler
MiddleEmerald Coast
HighSouth Walton
Additional Information
Days on Website447
ZoningResid Single Family
HOA Fees425.00
HOA Fees Freq.Quarterly
Office

Scenic Sotheby's International Realty

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Listing information last updated on May 9th, 2024 at 10:03am CDT.