17 Penny Lane, Santa Rosa Beach, FL 32459
Overview
Description
Supplements: ... (Read more) - 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!
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
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 |