Description
Why wait for construction to finish when you can enjoy the perks of a modern, fully-furnished coastal home and earn rental income right away? Situated in the sought-after gated community of Frangista Beach, 19 Penelope boasts a prime location near the beach and a proven track record of generating impressive ROI. With the rental season about to kick into high gear, this stunning property - which was completed in 2022 - is the perfect investment opportunity. Featuring 8 spacious bedrooms that can accommodate up to 24 guests, along with a private heated pool, 19 Penelope is ideal for multiple families looking to create lasting memories. What sets this property apart, however, is its exceptional rental income potential. In 2022, it earned over $163,000 in rental income, and 2023 is already...off to a strong start with over $125,000 booked. Don't miss out on the chance to invest in 19 Penelope and start reaping the benefits of a fully-equipped coastal home and a reliable source of rental income!
Features of 19 Penelope Street
| MLS® # | 920056 |
|---|---|
| Sold Price | $2,100,000 |
| List Price | $2,295,000 |
| Bedrooms | 8 |
| Bathrooms | 8.00 |
| Full Baths | 8 |
| Square Footage | 3,623 |
| Acres | 0.00 |
| Year Built | 2022 |
| Type | Detached Single Family |
| Sub-Type | Detached Single Family |
| Style | Beach House |
| Status | Sold |
Community Information
| Address | 19 Penelope Street |
|---|---|
| Area | 15 - Miramar/Sandestin Resort |
| Subdivision | FRANGISTA BEACH 2ND ADDN |
| City | Miramar Beach |
| County | Walton |
| State | FL |
| Zip Code | 32550 |
Amenities
| Amenities | Beach, Fishing, Gated Community, Pool |
|---|---|
| Utilities | Gas - Natural, Public Sewer, Public Water, Tap Fee Paid |
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | Pool - In-Ground, Community, Private |
Interior
| Interior Features | Floor Vinyl, Furnished - All, Kitchen Island, Lighting Recessed, Owner's Closet, Washer/Dryer Hookup, Window Treatment All |
|---|---|
| Appliances | Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Washer |
| Heating | Heat Cntrl Electric |
| Cooling | AC - Central Elect, Ceiling Fans |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Exterior | Foundation Off Grade, Roof Metal, Siding CmntFbrHrdBrd |
|---|---|
| Exterior Features | Balcony, Fenced Back Yard, Patio Open, Pool - In-Ground |
| Lot Description | Covenants, Within 1/2 Mile to Water |
| Roof | Roof Metal |
| Foundation | Foundation Off Grade |
School Information
| Elementary | Van R Butler |
|---|---|
| Middle | Emerald Coast |
| High | South Walton |
Additional Information
| Days on Website | 403 |
|---|---|
| Zoning | Resid Single Family |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 425.00 |
| HOA Fees Freq. | Quarterly |
Listing Details
| Office | Scenic Sotheby's International Realty |
|---|
