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17 Penny Lane

Santa Rosa Beach, FL 32459
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Bed 10

Bed

Bath 11

Bath

Acres0.33

Acre(Lot)

MOTIVATED SELLER! 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. - Tax benefits commonly used by renta l 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!

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Detail Ic Property Details

Property Type : Residential

Price : $3,750,000

AD Id : 91552090

MLS Id : 795944

Beds : 10

Lot Size : 0.33 Acre

Tax Amount : $27,854.90

Year Built : 2022

Garage : 2

County : Walton

Subdivision: Lake Sebring

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Total Baths: 11 Full Baths: 9 Half Baths: 2

    Room Information

    Rooms Total: 10

    Roofing Information

    Tile

    Flooring Information

    Plank, Vinyl
  • Interior Features

    DoubleVanity, WalkInClosets
    Roof: Tile
    Appliances: GasCooktop, GasOven, GasWaterHeater, TanklessWaterHeater
  • Heating & Cooling

    Has Cooling: Yes Cooling: CentralAir, CeilingFans

  • Building Information

    Year Built: 2022
    Building Area Total: 6413
    Construction Materials: Stucco
    Stories: 3
    Patio And Porch Features: Balcony
    Pool Features: InGround, Private
    Private Pool: Yes
    View: Gulf

  • Lot Information

    Lot Dimensions: 110.0 ft x 133.0 ft Main Square Feet: 0.33 Lot Size Acres: 0.33 Lot Size Square Feet: 14,375 Lot Description: Paved

    Property Information

    Subdivision: [No Recorded Subdiv] Source Property Type: Residential Zoning Description: Resid Single Family Property SubType: Single Family Residence Levels: ThreeOrMore Property Age: 4

  • Listing Price Information

    Listing Price: $3750000

  • Tax Information

    Parcel Number: 02-3S-20-34160-000-0251 Tax Year: 2025 Annual Tax: $27854.9 Tax Legal Desc: BEG SW/COR GOV LOT 25,N 02 DEG 55'43''E 109.83FT,S 87 DEG 57'11''E 133.00FT,S 02 DEG 25'03''W 110.08FT TO S LN LOT 25 W 133.00FT TO POB BEING IN SEC 02-3S-20W

  • Garage Information

    Has Garage: Yes Garage Space: 2

  • School Information

    Elementary School: Van R Butler Junior High School: Emerald Coast Senior High School: South Walton
  • Utility Information

    HighSpeedInternetAvailable
  • Location Information

    Direction: From 98 turn south on highway 393. Turn left on Penny Lane. Just North of Shunk Gulley Restaurant.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
23 Trae Lane, Santa Rosa Beach, FL, 32459 $1,690,000 2 2 -- 0.18 Acre
26 Beachside Dr, Santa Rosa Beach, FL, 32459 $4,250,000 5 6 3,876 0.21 Acre
4281 E Co Hwy 30-a #205, Santa Rosa Beach, FL, 32459 $839,000 3 2 1,456 --
775 Old Ferry Road, Santa Rosa Beach, FL, 32459 $1,199,000 4 4 -- 0.70 Acre
769 Old Ferry Road, Santa Rosa Beach, FL, 32459 $1,248,000 5 3 -- 0.70 Acre
156 Palmeira Way, Santa Rosa Beach, FL, 32459 $1,399,000 4 5 -- 0.07 Acre
27 Old Mill Road, Santa Rosa Beach, FL, 32459 $1,675,000 5 4 -- 0.11 Acre
3680 E Co Hwy 30a #4, Santa Rosa Beach, FL, 32459 $849,900 2 3 -- 0.01 Acre
305 Flatwoods Forest Loop, Santa Rosa Beach, FL, 32459 $1,659,000 4 4 2,539 0.11 Acre
422 San Juan Avenue, Santa Rosa Beach, FL, 32459 $890,000 1 1 -- 0.15 Acre

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/29/2026 @ 11:35

MLS: 795944 LISTED BY: Cherissa Cabahug, 1 Percent Lists Florida Coast 850-376-3865 SOURCE: CPAR

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