150 Penelope Street, Miramar Beach, FL 32550
$1,150,000
Property Type:
Residential
Bedrooms:
4
Baths:
4
Square Footage:
1,952
Lot Size (sq. ft.):
7,013
Status:
Sold
Current Price:
$1,250,000
List Date:
9/02/2025
Last Modified:
10/28/2025
Description
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS
INVESTORS, TAKE NOTE:
100% bonus depreciation eligible with a cost segregation study! Consult your CPA for details and requirements.
This is a PROVEN INCOME-PRODUCING PROPERTY
WHY YOU WILL LOVE 150 PENELOPE STREET:
–Prime Location – 8 minute walk from the beach in a gated community with access to both a private and community pool!
–Located in gated Villas of Frangista community
–Quiet cul-de-sac location with strong curb appeal
–Fully furnished, turnkey, and rental ready!
–NO HOA rental restrictions!
–Resort-Style Pool – Dive into the west-facing 20’x28′ backyard pool and surrounding oasis, perfect for lounging and entertaining.
–Home Gym – Stay on track with a fully equipped workout space in the garage.
–Private Viewing Experience – Each full-size bunk bed features a personal TV & Bluetooth headphones for ultimate relaxation.
–Spacious Open Concept – The open kitchen, dining, & living area provide the perfect space for gathering.
–Outdoor Living – Enjoy a poolside BBQ and outdoor fridge with ample patio seating & cushioned lounge chairs.
FIRST FLOOR:
–Bunk Room – Cozy full-sized bunks!
–Half Bath – Conveniently located off the main hall.
–Kitchen, Dining & Living Area – Perfect for hosting family & friends.
–Expansive Patio & Pool Views – A seamless indoor-outdoor experience.
SECOND FLOOR:
–King Suite – Spacious retreat with a private en suite bath.
–Double Queen Suite – Two plush queen beds with a private ensuite bath.
–Grand King Suite – Featuring a walk-in tiled shower, private balcony, & twin daybed.
HVAC: 1 unit 2017, 1 unit Oct 2023
WATER HEATER: 2017
ROOF: Metal 2017, with build of house
POOL: Brand new spring 2024, gunite, heat pump, salt water, new landscaping, patio and light package
More Information MLS# 778453
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Brokerage Interest: No Interest
Contract Info
List Price/SqFt: 640.37
Status: Sold
List Date: 2025-09-02
List Price: $1,250,000
Current Price: $1,150,000
Location
Sub Area: 1208 – Walton – Miramar Beach
Community/Resort: None
Waterfront: No
Directions: From Scenic Gulf Drive, turn north on Miami Street and take the 5th left onto Penelope Street. 150 Penelope is close to the cul-de-sac on the right.
Area: 12 – Walton County
Street #: 150
Street Name: Penelope
Street Suffix: Street
State: FL
Zip Code: 32550
County: Walton
Subdivision: Frangista Beach
Parcel ID: 29-2S-21-42060-00B-0100
Legal Description: COM NE/C GOV LOT 104 SEC 30-2S-21W, S01 DEG 14’00”W ON E LN 20FT TO POB; S01 DEG 14°00”W ON E LN 73 FT, DPRT E LN N 88 DEG 45’00”W 96.5 FT, N01 DEG 14’00”E 73.00FT, S 88 45°00”E 96.50FT TO POB. OR 1513-97 OR 2377-818 OR 2522-1768 OR 2562-1158 OR 2544-543 OR 3218-244 OR 3285-2416
General Property Info
Acreage: 0.16
Design: Beach House
Lot Size (SqFt): 7013
Apx SqFt(Htd/Cooled): 1952
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Source: Prop App Site
Half Baths: 1
# of Stories in Building: 2
Lot Dimensions: 140 X 54 X 128 X 48
New Construction: No
Garage Y/N: Yes
Garage Spaces: 1
Pool: Yes
Pool Type: Private
Sub-Type: Detached Single Family
Bedrooms: 4
Full Baths: 3
Total Baths: 4
Year Built: 2016
Remarks & Misc
Remarks: CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS
INVESTORS, TAKE NOTE:
100% bonus depreciation eligible with a cost segregation study! Consult your CPA for details and requirements.
This is a PROVEN INCOME-PRODUCING PROPERTY
WHY YOU WILL LOVE 150 PENELOPE STREET:
–Prime Location – 8 minute walk from the beach in a gated community with access to both a private and community pool!
–Located in gated Villas of Frangista community
–Quiet cul-de-sac location with strong curb appeal
–Fully furnished, turnkey, and rental ready!
–NO HOA rental restrictions!
–Resort-Style Pool – Dive into the west-facing 20’x28′ backyard pool and surrounding oasis, perfect for lounging and entertaining.
–Home Gym – Stay on track with a fully equipped workout space in the garage.
–Private Viewing Experience – Each full-size bunk bed features a personal TV & Bluetooth headphones for ultimate relaxation.
–Spacious Open Concept – The open kitchen, dining, & living area provide the perfect space for gathering.
–Outdoor Living – Enjoy a poolside BBQ and outdoor fridge with ample patio seating & cushioned lounge chairs.
FIRST FLOOR:
–Bunk Room – Cozy full-sized bunks!
–Half Bath – Conveniently located off the main hall.
–Kitchen, Dining & Living Area – Perfect for hosting family & friends.
–Expansive Patio & Pool Views – A seamless indoor-outdoor experience.
SECOND FLOOR:
–King Suite – Spacious retreat with a private en suite bath.
–Double Queen Suite – Two plush queen beds with a private ensuite bath.
–Grand King Suite – Featuring a walk-in tiled shower, private balcony, & twin daybed.
HVAC: 1 unit 2017, 1 unit Oct 2023
WATER HEATER: 2017
ROOF: Metal 2017, with build of house
POOL: Brand new spring 2024, gunite, heat pump, salt water, new landscaping, patio and light package
Status Change Info
Sold Price/SqFt: 589.14
Sold Price/Acre: 7187500
Under Contract Date: 2025-09-28
Sold Date: 2025-10-27
Sold Price: $1,150,000
Bunk Room
First: 1
Dining Room
First: 1
Garage
First: 1
Master Bathroom
Second: 1
Pool Features
Gunite Concrete: 1
Heated – Electric: 1
Inground: 1
Saltwater: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Range – Electric: 1
Range Hood: 1
Refrigerator: 1
Washer: 1
Interior Features
Floor – Vinyl Plank: 1
Kitchen Island: 1
Pantry: 1
Stairs: 1
Window – Treatment All: 1
Construction/Siding
Foundation – Slab on Grade: 1
Exterior
Deck Covered: 1
Fenced Lot-All: 1
Financing
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Furnished
Furnished: 1
Interior
Bunk Room: 1
Kitchen
First: 1
Living Room
First: 1
Lot Features
Dedicated Beach: 1
Within 1/2 Mile to Water: 1
Lot Access
City Street: 1
Parking Features
Driveway: 1
Present Zoning
Resid Single Family: 1
Association Amenities
Pool: 1
Rooms
Bedroom: 1
Bunk Room: 1
Dining Room: 1
Full Bathroom: 1
Garage: 1
Kitchen: 1
Living Room: 1
Master Bathroom: 1
Master Bedroom: 1
Showing
ShowingTime: 1
Utilities
Electricity – Connected: 1
Natural Gas – Available: 1
Public Sewer – Connected: 1
Public Water – Available: 1
Sale Type
As Is: 1
Full Bathroom
Second: 1
Master Bedroom
Second: 1
Bedroom
Second: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Heating
Central: 1
Security Features
Gated Community: 1
Security Gate: 1
Property Features
Appliances: Dishwasher; Disposal; Dryer; Microwave; Range – Electric; Range Hood; Refrigerator; Washer
Full Bathroom: Second
Master Bedroom: Second
Bedroom: Second
Cooling: Ceiling Fan(s); Central Air; Electric
Heating: Central
Exterior: Deck Covered; Fenced Lot-All
Financing: Cash; Conventional; FHA; VA
Furnished: Furnished
Interior: Bunk Room
Kitchen: First
Living Room: First
Lot Features: Dedicated Beach; Within 1/2 Mile to Water
Lot Access: City Street
Bunk Room: First
Master Bathroom: Second
Dining Room: First
Garage: First
Pool Features: Gunite Concrete; Heated – Electric; Inground; Saltwater
Security Features: Gated Community; Security Gate
Parking Features: Driveway
Association Amenities: Pool
Rooms: Bedroom; Bunk Room; Dining Room; Full Bathroom; Garage; Kitchen; Living Room; Master Bathroom; Master Bedroom
Sale Type: As Is
Showing: ShowingTime
Utilities: Electricity – Connected; Natural Gas – Available; Public Sewer – Connected; Public Water – Available
Present Zoning: Resid Single Family
Room Information
Kitchen
Level: First
Dimensions: 15.7 x 8.9
Length: 15.70
Width: 8.90
Dimensions: 15.7 x 8.9
Remarks: Spacious and fully equipped
Living Room
Level: First
Dimensions: 16.75 x 10.8
Length: 16.75
Width: 10.80
Dimensions: 16.75 x 10.8
Remarks: Open floor plan
Dining Room
Level: First
Dimensions: 10.7 x 14.5
Length: 10.70
Width: 14.50
Dimensions: 10.7 x 14.5
Remarks: Seating for 8!
Bunk Room
Level: First
Dimensions: 13.5 x 6.4
Length: 13.50
Width: 6.40
Dimensions: 13.5 x 6.4
Remarks: First floor! Adorable!
Garage
Level: First
Dimensions: 11.5 x 13.8
Length: 11.50
Width: 13.80
Dimensions: 11.5 x 13.8
Remarks: Laundry and home gym here!
Master Bedroom
Level: Second
Dimensions: 17 x 16
Length: 17.00
Width: 16.00
Dimensions: 17 x 16
Remarks: King bed + daybed w trundle
Master Bathroom
Level: Second
Dimensions: 12.8 x 5.5
Length: 12.80
Width: 5.50
Dimensions: 12.8 x 5.5
Remarks: En suite for privacy
Bedroom
Level: Second
Dimensions: 13.3 x 10.5
Length: 13.30
Width: 10.50
Dimensions: 13.3 x 10.5
Remarks: King Bed
Full Bathroom
Level: Second
Dimensions: 5 x 7.6
Length: 5.00
Width: 7.60
Dimensions: 5 x 7.6
Remarks: En Suite to King Bedroom
Bedroom
Level: Second
Dimensions: 13.7 x 15.4
Length: 13.70
Width: 15.40
Dimensions: 13.7 x 15.4
Remarks: Two Queen Beds
Full Bathroom
Level: Second
Dimensions: 7.7 x 5
Length: 7.70
Width: 5.00
Dimensions: 7.7 x 5
Remarks: En suite for privacy
Listing Office:
EXP Realty LLC
Last Updated: October – 28 – 2025
Information deemed reliable but not guaranteed.