17 Penny LN Santa Rosa Beach, FL 32459
10 Beds
11 Baths
6,413 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 6,413 sqft
Price per Sqft $584
Subdivision [No Recorded Subdiv]
MLS Listing ID 795944
Style Coastal
Bedrooms 10
Full Baths 9
Half Baths 2
HOA Y/N No
Year Built 2022
Annual Tax Amount $27,854
Tax Year 2025
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Single Family Residence
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
Community Short Term Rental Allowed
Area 12 - Walton County
Interior
Interior Features Double Vanity, Walk-In Closet(s)
Cooling Central Air, Ceiling Fan(s)
Flooring Plank, Vinyl
Fireplace No
Appliance Gas Cooktop, Gas Oven, Gas Water Heater, Tankless Water Heater
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool In Ground, Private
Community Features Short Term Rental Allowed
Utilities Available High Speed Internet Available
View Y/N Yes
View Gulf
Roof Type Tile
Porch Balcony
Private Pool Yes
Building
Lot Description Paved
Story 3
Entry Level Three Or More
Foundation Slab
Sewer Public Sewer
Architectural Style Coastal
Level or Stories Three Or More
New Construction No
Schools
Elementary Schools Van R Butler
Middle Schools Emerald Coast
High Schools South Walton
Others
Restrictions Short Term Rentals Allowed
Tax ID 02-3S-20-34160-000-0251
Special Listing Condition Listed As-Is
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