10 Beds
11 Baths
6,413 SqFt
10 Beds
11 Baths
6,413 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,413 sqft
Price per Sqft $622
Subdivision Penny Lane
MLS Listing ID 992482
Style Beach House
Bedrooms 10
Full Baths 9
Half Baths 2
Year Built 2022
Annual Tax Amount $27,854
Tax Year 2025
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 77x100
Property Sub-Type Detached Single Family
Source Emerald Coast Association of REALTORS®
Land Area 6413
Property Description
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!
Location
State FL
County Walton
Area 17 - 30A West
Zoning Resid Single Family
Direction Turn South on Highway 393 and head South. Turn left on Penny Lane. Just North of Shunk Gully Restaurant
Rooms
Family Room true
Interior
Interior Features Breakfast Bar, Ceiling Crwn Molding, Ceiling Raised, Elevator, Fireplace 2+, Hallway Bunk Beds, Kitchen Island, Lighting Recessed, Pantry, Shelving, Washer/Dryer Hookup, Woodwork Painted
Cooling Ceiling Fans, Central Air
Flooring Floor Tile
Fireplaces Type Fireplace Gas
Fireplace Yes
Window Features Window Treatment All
Appliance Auto Garage Door Opn, Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Range Hood, Refrigerator, Security System, Stove/Oven Gas, Wine Refrigerator, Water Heater - Gas, Water Heater - Tnkls
Exterior
Garage Spaces 2.0
Pool Pool Type
Utilities Available Gas - Natural, Public Water
Roof Type Tile / Slate
Garage Yes
Building
Faces Turn South on Highway 393 and head South. Turn left on Penny Lane. Just North of Shunk Gully Restaurant
Story 3
Foundation Slab
Sewer Public Sewer
Architectural Style Beach House
New Construction No
Schools
Elementary Schools Van R Butler
Middle Schools Emerald Coast
High Schools South Walton
Others
Pets Allowed No
Tax ID 02-3S-20-34160-000-0251
Miscellaneous This property boasts 10 spacious bedrooms and 11 bathrooms, making it the perfect retreat for large families or groups of friends looking to create unforgettable memories together. With the ability to comfortably sleep up to 28 people, your family reunions, friend getaways, or vacation rentals will be a breeze! 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
Special Listing Condition Accept Backup Offers
Nearby Locations
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