Listing Courtesy of: EMERALD COAST / 1 Percent Lists Florida Coast
17 Penny Lane Santa Rosa Beach, FL 32459
Active (63 Days)
$3,995,000 (USD)
Description
MLS #:
992482
992482
Taxes
$27,855(2025)
$27,855(2025)
Lot Size
0.34 acres
0.34 acres
Type
Single-Family Home
Single-Family Home
Year Built
2022
2022
Style
Beach House
Beach House
County
Walton County
Walton County
Listed By
Cherissa Cabahug, 1 Percent Lists Florida Coast
Source
EMERALD COAST
Last checked Mar 13 2026 at 12:09 AM GMT+0000
EMERALD COAST
Last checked Mar 13 2026 at 12:09 AM GMT+0000
Bathroom Details
- Full Bathrooms: 9
- Half Bathrooms: 2
Interior Features
- Kitchen Island
- Breakfast Bar
- Ceiling Raised
- Fireplace 2+
- Shelving
- Washer/Dryer Hookup
- Woodwork Painted
- Pantry
- Ceiling Crwn Molding
- Elevator
- Lighting Recessed
- Hallway Bunk Beds
Kitchen
- Auto Garage Door Opn
- Dishwasher
- Disposal
- Microwave
- Refrigerator
- Stove/Oven Gas
- Dryer
- Range Hood
- Wine Refrigerator
- Freezer
- Security System
- Ice Machine
- Water Heater - Tnkls
- Water Heater - Gas
Subdivision
- Penny Lane
Property Features
- Fireplace: Fireplace 2+
Heating and Cooling
- Central Air
- Ceiling Fans
Utility Information
- Utilities: Public Water, Gas - Natural
School Information
- Elementary School: Van R Butler
- Middle School: Emerald Coast
- High School: South Walton
Stories
- 3
Location
Disclaimer: Information deemed reliable but not guaranteed. The information is provided exclusively 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. © 2026 Emerald Coast Association of REALTORS Last Updated: 3/12/26 17:09
Vendor Number:29098
Vendor Number:29098
Say goodbye to HOA restrictions and embrace the freedom of owning this incredible investment property, which has an impressive rental history. The current rental management company is projecting nearly $400,000 in rental income this year, providing you with a fantastic return on your investment.
As you explore this home, you'll appreciate the exquisite, custom details and beautiful woodwork that elevate its elegance. - Tax benefits commonly used by rental owners: depreciation, deductible operating expenses (management fees, maintenance, utilities), and interest deductions can help lower taxable income -- talk with your CPA about how these apply to your situation.
- Flexible ownership strategies: works as a short-term rental, seasonal vacation home, or long-term income property; could fit 1031 exchange or portfolio diversification plans (confirm with your tax advisor).
- No HOA restrictions: more control over rental use, furnishings, and booking platforms.
What makes guests book it
- Location: an easy 3-minute walk to Shunk Gulley and Scenic Highway 30A beaches; nearby ADA-accessible Ed Walline access with restrooms, picnic shelters, and a two-story viewing platform.
- Amenities guests crave: private pool, multiple balconies with Gulf views, roomy living areas on each floor so large groups can spread out and still gather.
- Thoughtful design: custom woodwork and finishes that give the home character and repeat-booking appeal.
Who this fits best
- Investors wanting a high-capacity, high-demand short-term rental with management already in place.
- Buyers seeking a multi-family vacation home that pays for itself during peak season.
- Owners looking for tax-advantaged real estate income (consult your CPA for specifics).
This property blends lifestyle and investment -- beachfront access, big rental revenue, and tax strategies that can improve net returns!