Description
Currently under contract and taking backup offers. Why wait for construction to begin or end when you can start enjoying the benefits of a fully-furnished, modern coastal home and rental income right now? Look no further than 45 Penelope for a prime location near the beach and a successful history of generating impressive ROI. This spectacular property, completed in 2021, boasts 8 roomy bedrooms and a private heated pool, perfect for multiple families to create unforgettable memories. Situated in the highly sought-after gated community of Frangista Beach, the property offers easy access to a private beach and exudes a relaxed coastal ambiance. But what truly sets 45 Penelope apart is its exceptional rental income potential. With a solid track record of earning nearly $180,000 in rental...income in 2022 and a strong start to 2023, this property is not just a projection but a proven winner that outshines the competition. Invest in 45 Penelope today and start enjoying the benefits of a fully-equipped coastal home and a steady stream of rental income, without the wait.
Features of 45 Penelope Street
| MLS® # | 917270 |
|---|---|
| Sold Price | $2,100,000 |
| List Price | $2,275,000 |
| Bedrooms | 8 |
| Bathrooms | 9.00 |
| Full Baths | 8 |
| Half Baths | 1 |
| Square Footage | 3,171 |
| Acres | 0.00 |
| Year Built | 2021 |
| Type | Detached Single Family |
| Sub-Type | Detached Single Family |
| Style | Beach House |
| Status | Sold |
Community Information
| Address | 45 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, 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 | 444 |
|---|---|
| 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 |
|---|
