170 Penelope Street, Miramar Beach, FL

$1,607,000

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4

Beds

4

Baths

2,475

Square feet

0.16

Acres

Description

150K+ IN RENTAL! WOW! Built with both guests and owners in mind, the spacious floor plan offers multiple sleeping areas, open-concept living spaces, and the features today's renters are looking for in a premium beach destination. BRING AN OFFER! Whether you're expanding your investment portfolio or searching for a beach home that can generate income when you're away, this property checks all the boxes. One of the standout features is the backyard, which offers room for a private pool--a highly desirable amenity that could significantly enhance rental appeal and income potential. With short-term rentals permitted, investors have the opportunity to further increase the property's earning power by creating the ultimate beach retreat. Guests will love the proximity to the beach, nearby restaurants, shopping, golf, and entertainment, all accessible by foot, bike, or golf cart. Located in the highly sought-after Frangista Beach community, 170 Penelope Street offers investors the opportunity to own in one of Miramar Beach's most established and desirable vacation rental neighborhoods. Known for its beach access, charming coastal architecture, golf-cart-friendly streets, and proximity to Destin's best attractions, Frangista Beach continues to attract families and vacationers year after year. EASY SHOW! BRING AN OFFER! Whether you're looking for a long-term investment, vacation rental potential, or a second home to make your own, this property checks all the boxes.

Legal Description

Lot 7 Blk B Frangista Beach 3rd Addition Pb 17-71 Or 2728-3305 &-3343 &-3421 Or 2805-2265 Or 2888-4250 Or 2928-1330 Or 2964-3695 Or 3058-267 Or 3080-1564

Features of 170 Penelope Street

MLS® # 1002642
Price $1,607,000
Bedrooms 4
Bathrooms 4.00
Full Baths 4
Square Footage 2,475
Acres 0.16
Year Built 2018
Type Detached Single Family
Sub-Type Detached Single Family
Style Beach House
Status Active

Community Information

Address 170 Penelope Street
Area 15 - Miramar/Sandestin Resort
Subdivision FRANGISTA BEACH 3rd ADDN
City Miramar Beach
County Walton
State FL
Zip Code 32550

Amenities

Utilities Private Well, Public Sewer, Public Water
# of Garages 1

Interior

Interior Features Newly Painted
Appliances Dishwasher, Refrigerator, Electric Water Heater
Heating Central
Cooling Central Air
# of Stories 2

Exterior

Lot Description Level
Windows Storm Window(s)
Roof Metal
Construction Concrete

School Information

Elementary Destin
Middle Destin
High South Walton

Additional Information

Zoning Resid Single Family

Listing Details

OfficeCorcoran Reverie SRB

Price History for MLS #1002642

Date Details Change
Price Increased from $1,606,000 to $1,607,000 $1,000 (0.06%)
Price Reduced from $1,607,000 to $1,606,000 $1,000 (0.06%)
Price Reduced from $1,607,500 to $1,607,000 $500 (0.03%)

For more information call

(850) 325-0004

Listing Map

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