21 Penny Lane, Santa Rosa Beach

$3,800,000

10 Beds
11 Baths
5,992 Sqft
¼ Acre
2 Garages

Discover the pinnacle of sophisticated beachside living at this premier multi-family estate, perfectly positioned along Florida's iconic Emerald Coast. Designed for those who demand both exclusivity and exceptional performance, this turnkey compound offers a rare opportunity to own a world-class retreat in the heart of the sought-after Blue Mountain Beach.

A Masterpiece of Design and Comfort
Spanning multiple levels of refined living, this residence is an architectural triumph. An integrated elevator provides seamless accessibility throughout, ensuring comfort for guests of all generations. The home's interior is a study in curated elegance, featuring high-end finishes and bespoke design elements that cater to the most discerning tastes.
With the capacity to accommodate 24 guests in absolute comfort, the estate is expertly configured for grand retreats and private gatherings. The layout includes:
* 8 King Master Suites: Each a private sanctuary of relaxation.
* 2 Bespoke Bunk Rooms: Thoughtfully designed to sleep four guests each.
* 9 Full Bathrooms & 2 Half Baths: Featuring spa-inspired designer tile, quartz surfaces, and premium fixtures.
* Culinary Excellence: A state-of-the-art chef's kitchen, equipped with a six-burner gas range, double refrigeration, and expansive quartz counters. A secondary kitchenette on the third level offers added convenience for seamless entertaining. The exterior is an extension of the home's luxury, crafted for the ultimate al fresco lifestyle. Enjoy a private, resort-style swimming pool, an outdoor shower, and a built-in gas grill. As the sun sets, the ambiance transforms with glowing pool lighting and the warmth of a custom swim up pool and spa and linear gas fire wall--the perfect setting for evenings under the coastal stars.

Proven performance, this property is a formidable investment. The estate demonstrates a robust and consistent revenue stream. The absence of an HOA grants the owner complete autonomy over rental management and usage. For those seeking a hands-off approach, the option remains to continue a partnership with the Southern Holiday Homes, ensuring the property remains a premier destination for high-end clientele.

Situated just moments from the turquoise waters and quartz-sand beaches of the Emerald Coast, this residence offers immediate access to the vibrant dining, golf, and leisure attractions of the 30A corridor. Whether you are seeking a private family compound or a high-yield luxury investment, this estate represents a singular opportunity to secure a legacy property in one of the most desirable coastal markets.

Essential Information
MLS® #1010814
Price$3,800,000
Bedrooms10
Bathrooms11.00
Full Baths9
Half Baths2
Square Footage5,992
Acres0.25
Year Built2022
TypeResidential
Sub-TypeDetached Single Family
StyleBeach House
StatusActive
Community Information
Address21 Penny Lane
Area17 - 30A West
SubdivisionColleen's Cove
CitySanta Rosa Beach
CountyWalton
StateFL
Zip Code32459
Amenities
ParkingGarage Door Opener
# of Garages2
ViewGulf
Has PoolYes
PoolHeated, In Ground
Utilities

Electric, Gas - Natural, Public Sewer, Public Water, TV Cable

Interior
HeatingCentral, Gas - Natural
CoolingCeiling Fan(s)
FireplaceYes
FireplacesFireplace Gas
# of Stories3
Interior Features

Breakfast Bar, Beamed Ceilings, Crown Molding, Vaulted Ceiling(s), Fireplace, Fireplace 2+, Hallway Bunk Beds, Kitchen Island, Recessed Lighting, Owner's Closet, Pantry, Pull Down Stairs, Shelving, Upgraded Media Wing, Washer/Dryer Hookup, Wet Bar, Woodwork Painted, Elevator

Appliances

Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Double Oven, Range Hood, Washer, Gas Water Heater, Tankless Water Heater

Exterior
RoofSlate
Exterior Features

Outdoor Grill, Balcony, Private Yard, Hot Tub, Lawn Pump, Pool - Gunite Concrt, Outdoor Shower, Sprinkler System, Outdoor Kitchen

Lot Description

Level, Within 1/2 Mile to Water

Windows

Double Pane Windows, Window Treatments

Construction

Frame, Roof Pitched, Stucco, Trim Vinyl

School Information
ElementaryVan R Butler
MiddleEmerald Coast
HighSouth Walton
Additional Information
ZoningResid Single Family
Listing Details
OfficeCompass
LISTING MAP

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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.
Vendors Member Number : 28325

Listing information last updated on October 15th, 2026 at 6:22pm CDT.