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Better Homes & Gardens Real Estate Emerald Coast
17 Penny Ln, Santa Rosa Beach, FL 32459
- $3,750,000
- 10
- BD
- 11
- BA
- 6,413
- SqFt
- List Price
- $3,750,000
- Price Change
- ▼ $195,000 1788649221
- Days on Market
- 307
- MLS#
- 992482
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Detached Single Family
- Bedrooms
- 10
- Bathrooms
- 11
- Full Bathrooms
- 9
- Half Bathrooms
- 2
- Living Area
- 6,413
- Lot Size
- 14,810
- Neighborhood
- SRB South of 30A
Property Description
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 - Deductible operating expenses: management fees, maintenance, utilities, insurance, and interest. - Ownership flexibility: short-term rental, seasonal vacation home, long-term income property; compatible with 1031 exchange and portfolio diversification strategies (confirm with your tax advisor).
Additional Information
- Acres
- 0.34
- Appliances
- Dishwasher, Disposal, Dryer, Freezer, Microwave, Range Hood, Refrigerator, LP Gas Water Heater, Water Heater
- Style
- Beach House
- Elementary School
- Van R Butler
- High School
- South Walton
- Interior Features
- Breakfast Area, Crown Molding, Vaulted/Cathedral Ceilings, Fireplace(s), Kitchen Island, Recessed Lighting, Pantry, Shelving, Washer Hookup, Newly Painted, Elevator
- Legal Description
- 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
- Lot Dimensions
- 77x100
- Middle School
- Emerald Coast
- Neighborhood
- SRB South of 30A
- Parking Features
- Garage Door Opener
- Stories
- 3
- Subdivision
- Penny Lane
- Year Built
- 2022
- Zoning
- Resid Single Family
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Listing courtesy of 1 Percent Lists Florida Coast.
Vendor Member Number : 28166