17 Penny Lane, Santa Rosa Beach, FL 32459

$3,995,000
Property Type: Residential Bedrooms: 10 Baths: 11 Square Footage: 6,413 Lot Size (sq. ft.): 14,810 Status: Active
Current Price: $3,995,000 List Date: 1/09/2026 Last Modified: 4/03/2026

Overview

Description

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

Supplements: - 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 ...

Listing Details MLS# 992482

Contract Info

List Price/SqFt
622.95
Listing Board
Emerald Coast

Location Tax and Legal

Area
17 - 30A West
Street #
17
Street Name
Penny
Street Suffix
Lane
State
FL
Zip Code
32459
County
Walton
Project Name/Subdivision
Penny Lane
Parcel ID
02-3S-20-34160-000-0251

General Property Info

Sub-Type
Detached Single Family
Design
Beach House
Apx SqFt(Htd/Cooled)
6413
SqFt Source
Appraiser
Full Baths
9
Half Baths
2
Total Bathrooms
11
# Stories
3
Year Built
2022
Garage
Yes
Carport
No
Garage Spaces
2
Acreage
0.34
Pool
Yes
Pool Type
Private

Location, Tax and Legal

Sub Area
1705 - SRB South of 30A
Elementary School
Van R Butler
Middle School
Emerald Coast
High School
South Walton
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

Listing Info, Tax & Legal

Is Subject Leased
No
Assessment Fees
No
New Buyer Fee
No
Last Taxes
27854.88
Last Tax Year
2025
Brokerage Interest
No Interest
As Is
Yes

More Information

Remarks & Misc

Remarks
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

Sale Type

Accept Backup Offers
Yes

Construction Status

Construction Complete
Yes

Parking Features

Garage Attached
Yes

Construction/Siding

Roof Tile/Slate
Yes
Slab
Yes
Stucco
Yes
Trim Wood
Yes

Utilities

Gas - Natural
Yes
Public Sewer
Yes
Public Water
Yes

Zoning

Resid Single Family
Yes

Interior

Breakfast Bar
Yes
Ceiling Crwn Molding
Yes
Ceiling Raised
Yes
Elevator
Yes
Fireplace 2+
Yes
Fireplace Gas
Yes
Floor Tile
Yes
Hallway Bunk Beds
Yes
Kitchen Island
Yes
Lighting Recessed
Yes
Pantry
Yes
Shelving
Yes
Washer/Dryer Hookup
Yes
Window Treatment All
Yes
Woodwork Painted
Yes

Financing

Conventional
Yes

Appliances

Auto Garage Door Opn
Yes
Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Freezer
Yes
Ice Machine
Yes
Microwave
Yes
Range Hood
Yes
Refrigerator
Yes
Security System
Yes
Stove/Oven Gas
Yes
Wine Refrigerator
Yes

Energy

AC - 2 or More
Yes
AC - Central Elect
Yes
Ceiling Fans
Yes
Water Heater - Gas
Yes
Water Heater - Tnkls
Yes

Mstr Bdrm/Mstr Bath

MBath Double Vanity
Yes
MBath Dressing Area
Yes
MBath Separate Shwr
Yes
MBath Tile
Yes
MBed Balcony
Yes
MBed First Floor
Yes
MBed Sitting Area
Yes
MBed Walk-in Closet
Yes

Bedroom

First
Yes
Third
Yes

Living Room

Second
Yes
Third
Yes

Full Bathroom

First
Yes
Third
Yes

Rooms

Balcony
Yes
Bedroom
Yes
Bunk Room
Yes
Family Room
Yes
Full Bathroom
Yes
Living Room
Yes

Property Features

Sale Type: Accept Backup Offers Construction Status: Construction Complete Zoning: Resid Single Family Parking Features: Garage Attached Interior: Breakfast Bar; Ceiling Crwn Molding; Ceiling Raised; Elevator; Fireplace 2+; Fireplace Gas; Floor Tile; Hallway Bunk Beds; Kitchen Island; Lighting Recessed; Pantry; Shelving; Washer/Dryer Hookup; Window Treatment All; Woodwork Painted Appliances: Auto Garage Door Opn; Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Range Hood; Refrigerator; Security System; Stove/Oven Gas; Wine Refrigerator Utilities: Gas - Natural; Public Sewer; Public Water Energy: AC - 2 or More; AC - Central Elect; Ceiling Fans; Water Heater - Gas; Water Heater - Tnkls Bedroom: First; Third Living Room: Second; Third Full Bathroom: First; Third Rooms: Balcony; Bedroom; Bunk Room; Family Room; Full Bathroom; Living Room Financing: Conventional

Room Information

Room Name Level Dimensions Length Width Remarks
Bedroom First 13 x 15.4 13.00 15.40 Bedroom
Full Bathroom First 6.4 x 8.7 6.40 8.70 Bathroom
Family Room First 31.1 x 19.11 31.10 19.11 Family room
Bedroom First 14 x 14.8 14.00 14.80 Bedroom
Full Bathroom First 7.1 x 9 7.10 9.00 Bathroom
Bunk Room Second 18.3 x 11.3 18.30 11.30 Bunk room
Living Room Second 25 x 20 25.00 20.00 Living Room
Balcony Second 14 x 6 14.00 6.00 Balcony
Living Room Third 23.4 x 12 23.40 12.00 Living Room
Balcony Third 15 x 6.5 15.00 6.50 Balcony
Bedroom Third 23.4 x 12 23.40 12.00 Bedroom
Full Bathroom Third 12 x 7 12.00 7.00 Bathroom
Listing Office: 1 Percent Lists Florida Coast
Last Updated: April - 03 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.