19 Penelope Street, Miramar Beach

$2,295,000

8 Beds
8 Baths
3,623 Sqft
0 Acre
0 Garage

Why wait for construction to finish when you can enjoy the perks of a modern, fully-furnished coastal home and earn rental income right away? Situated in the sought-after gated community of Frangista Beach, 19 Penelope boasts a prime location near the beach and a proven track record of generating impressive ROI. With the rental season about to kick into high gear, this stunning property - which was completed in 2022 - is the perfect investment opportunity. Featuring 8 spacious bedrooms that can accommodate up to 24 guests, along with a private heated pool, 19 Penelope is ideal for multiple families looking to create lasting memories. What sets this property apart, however, is its exceptional rental income potential. In 2022, it earned over $163,000 in rental income, and 2023 is already...off to a strong start with over $125,000 booked. Don't miss out on the chance to invest in 19 Penelope and start reaping the benefits of a fully-equipped coastal home and a reliable source of rental income!

Essential Information
MLS® #920056
Price$2,295,000
Sold Price$2,100,000
Date Sold$2023-10-23
Bedrooms8
Bathrooms8.00
Full Baths8
Square Footage3,623
Acres0.00
Year Built2022
TypeResidential
Sub-TypeDetached Single Family
StyleBeach House
StatusSold
Community Information
Address19 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 Website417
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 20th, 2024 at 3:32am CDT.