150 Penelope Street, Miramar Beach

$1,250,000

4 Beds
4 Baths
1,952 Sqft
0 Acre
1 Garage

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS

INVESTORS, TAKE NOTE:
100% bonus depreciation eligible with a cost segregation study! Consult your CPA for details and requirements.

This is a PROVEN INCOME-PRODUCING PROPERTY

WHY YOU WILL LOVE 150 PENELOPE STREET: --Prime Location - 8 minute walk from the beach in a gated community with access to both a private and community pool!
--Located in gated Villas of Frangista community
--Quiet cul-de-sac location with strong curb appeal
--Fully furnished, turnkey, and rental ready!
--NO HOA rental restrictions!
--Resort-Style Pool - Dive into the west-facing 20'x28' backyard pool and surrounding oasis, perfect for lounging and entertaining.
--Home Gym - Stay on track with a fully equipped workout space in the garage.
--Private Viewing Experience - Each full-size bunk bed features a personal TV & Bluetooth headphones for ultimate relaxation.
--Spacious Open Concept - The open kitchen, dining, & living area provide the perfect space for gathering.
--Outdoor Living - Enjoy a poolside BBQ and outdoor fridge with ample patio seating & cushioned lounge chairs.

FIRST FLOOR:
--Bunk Room - Cozy full-sized bunks!
--Half Bath - Conveniently located off the main hall.
--Kitchen, Dining & Living Area - Perfect for hosting family & friends.
--Expansive Patio & Pool Views - A seamless indoor-outdoor experience.

SECOND FLOOR:
--King Suite - Spacious retreat with a private en suite bath.
--Double Queen Suite - Two plush queen beds with a private ensuite bath.
--Grand King Suite - Featuring a walk-in tiled shower, private balcony, & twin daybed.

HVAC: 1 unit 2017, 1 unit Oct 2023
WATER HEATER: 2017
ROOF: Metal 2017, with build of house
POOL: Brand new spring 2024, gunite, heat pump, salt water, new landscaping, patio and light package

Essential Information
MLS® #984574
Price$1,250,000
Sold Price$1,150,000
Date Sold$2025-10-27
Bedrooms4
Bathrooms4.00
Full Baths3
Half Baths1
Square Footage1,952
Year Built2016
TypeResidential
Sub-TypeDetached Single Family
StyleBeach House
StatusSold
Community Information
Address150 Penelope Street
Area15 - Miramar/Sandestin Resort
SubdivisionFRANGISTA BEACH
CityMiramar Beach
CountyWalton
StateFL
Zip Code32550
Amenities
ParkingGarage
# of Garages1
Has PoolYes
PoolHeated, In Ground
Utilities

Electric, Public Sewer, Public Water

Interior
Interior FeaturesKitchen Island, Pantry
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
# of Stories2
Appliances

Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator, Washer

Exterior
Exterior FeaturesPool - Gunite Concrt
WindowsWindow Treatments
RoofMetal
FoundationSlab
School Information
ElementaryVan R Butler
MiddleEmerald Coast
HighSouth Walton
Additional Information
Days on Website408
ZoningResid Single Family
HOA Fees450
HOA Fees Freq.Quarterly
Listing Details
OfficeEXP Realty LLC
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 15th, 2026 at 9:38am CDT.