42 Palmetto Street, Santa Rosa Beach

$550,000

4 Beds
5 Baths
3,417 Sqft
.26 Acre
2 Garages

Back on the market - Buyer's financing fell through. SELLER MUST SELL! Offering 10K in flex cash to the buyer with a reasonable offer.

Looking for a primary residence with an investment opportunity to help pay the mortgage? This property is perfect for you! Located in the desirable Turquoise Beach neighborhood of Santa Rosa Beach, just off Mack Bayou Drive, this three-story Florida Cottage offers a unique blend of living space and rental potential.

The first floor features a lockout unit complete with a large bedroom, bathroom, living area, and kitchenette, including a sink, refrigerator, and cabinetry. Ideal for use as a long-term or short-term rental, or a convenient mother-in-law suite for guests. The second floor hosts the spacious living room, kitchen, and dining area, along with a large balcony perfect for entertaining. There is also a roomy guest bedroom with an ensuite bathroom and a private balcony, plus a convenient half bath located off the kitchen for guests.

On the third floor, the master suite offers a spacious bedroom with two walk-in closets, a large balcony, and an ensuite bathroom featuring dual vanities, a separate water closet, a soaking tub, and a walk-in shower. Across from the master suite is the final guest bedroom, which includes an ensuite bathroom and private balcony.

The property also boasts a large yard with ample parking and no HOA fees.

The seller has installed solar panels to reduce electricity costs and will pay off the loan upon the sale of the home. Additionally, a pre-inspection has been completed, with all issues addressed and repaired.
The lockout unit has new LVP flooring installed in the bedroom and most of the interior has been freshly painted.

This home is full of potential, competitively priced, and just minutes away from Walton County schools, 30A, Sacred Heart Hospital, and Grand Boulevard, which offers dining, shopping, and entertainment options.

Buyer to verify all data, information, and/or dimensions provided herein and deemed important to Buyer before submitting an offer.

Essential Information
MLS® #971289
Price$550,000
Sold Price$550,000
Date Sold$2026-02-06
Bedrooms4
Bathrooms5.00
Full Baths4
Half Baths1
Square Footage3,417
Acres0.26
Year Built2007
TypeResidential
Sub-TypeDetached Single Family
StyleFlorida Cottage
StatusSold
Community Information
Address42 Palmetto Street
Area16 - North Santa Rosa Beach
SubdivisionTURQUOISE BEACH
CitySanta Rosa Beach
CountyWalton
StateFL
Zip Code32459
Amenities
UtilitiesElectric, Public Sewer
# of Garages2
Interior
CoolingCentral Air, Ceiling Fan(s)
# of Stories3
Interior Features

Breakfast Bar, Crown Molding, Lock Out, Washer/Dryer Hookup

Appliances

Dishwasher, Microwave, Refrigerator

Exterior
Exterior FeaturesBalcony, Private Yard
Lot DescriptionLevel
WindowsSolar Screens
RoofMetal
Construction

Roof Solar Energy, Siding CmntFbrHrdBrd

School Information
ElementaryDune Lakes
MiddleEmerald Coast
HighSouth Walton
Additional Information
Days on Website577
ZoningResid Single Family
Listing Details
OfficeReal Broker LLC
Property History
Price Reduced from $575,000 to $550,000
Price Reduced from $595,000 to $575,000
Price Reduced from $635,000 to $595,000
Price Reduced from $680,000 to $635,000
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DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 14th, 2026 at 7:37pm CDT.