150 Penelope Street, Miramar Beach, FL 32550 (MLS# 778453)

150 Penelope Street, Miramar Beach, FL 32550

$1,150,000

Enjoy some shade on this covered balcony

(Golf cart is leased and does not convey.)

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 1,952 Lot Size (sq. ft.): 7,013 Status: Sold

Current Price: $1,150,000 List Date: 9/02/2025 Last Modified: 10/28/2025

Overview

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 pro … (Read more)

Listing Details MLS# 778453

Contract Info

List Price/SqFt: 640.37

Location

Area: 12 – Walton County
Street #: 150
Street Name: Penelope
Street Suffix: Street
State: FL
Zip Code: 32550
County: Walton
Sub Area: 1208 – Walton – Miramar Beach
Subdivision: Frangista Beach
Community/Resort: None
Waterfront: No
Parcel ID: 29-2S-21-42060-00B-0100
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.
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

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 1952
SqFt Source: Prop App Site
Full Baths: 3
Half Baths: Yes
Total Baths: 4
# of Stories in Building: 2
Year Built: 2016
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: Yes
Garage Spaces: Yes
Lot Dimensions: 140 X 54 X 128 X 48
Acreage: 0.16
Lot Size (SqFt): 7013
Pool: Yes
Pool Type: Private

Status Change Info

Under Contract Date: 2025-09-28
Sold Date: 2025-10-27
Sold Price/SqFt: 589.14
Sold Price/Acre: 7187500

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Brokerage Interest: No Interest

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

More Information

Bunk Room

First: Yes

Dining Room

First: Yes

Garage

First: Yes

Master Bathroom

Second: Yes

Pool Features

Gunite Concrete: Yes
Heated – Electric: Yes
Inground: Yes
Saltwater: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range – Electric: Yes
Range Hood: Yes
Refrigerator: Yes
Washer: Yes

Interior Features

Floor – Vinyl Plank: Yes
Kitchen Island: Yes
Pantry: Yes
Stairs: Yes
Window – Treatment All: Yes

Construction/Siding

Foundation – Slab on Grade: Yes

Exterior

Deck Covered: Yes
Fenced Lot-All: Yes

Financing

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Furnished

Furnished: Yes

Interior

Bunk Room: Yes

Kitchen

First: Yes

Living Room

First: Yes

Lot Features

Dedicated Beach: Yes
Within 1/2 Mile to Water: Yes

Lot Access

City Street: Yes

Parking Features

Driveway: Yes

Present Zoning

Resid Single Family: Yes

Association Amenities

Pool: Yes

Rooms

Bedroom: Yes
Bunk Room: Yes
Dining Room: Yes
Full Bathroom: Yes
Garage: Yes
Kitchen: Yes
Living Room: Yes
Master Bathroom: Yes
Master Bedroom: Yes

Showing

ShowingTime: Yes

Utilities

Electricity – Connected: Yes
Natural Gas – Available: Yes
Public Sewer – Connected: Yes
Public Water – Available: Yes

Sale Type

As Is: Yes

Full Bathroom

Second: Yes

Master Bedroom

Second: Yes

Bedroom

Second: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Heating

Central: Yes

Security Features

Gated Community: Yes
Security Gate: Yes

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

Room Name	Level	Dimensions	Length	Width	Remarks
Kitchen	First	15.7 x 8.9	15.70	8.90	Spacious and fully equipped
Living Room	First	16.75 x 10.8	16.75	10.80	Open floor plan
Dining Room	First	10.7 x 14.5	10.70	14.50	Seating for 8!
Bunk Room	First	13.5 x 6.4	13.50	6.40	First floor! Adorable!
Garage	First	11.5 x 13.8	11.50	13.80	Laundry and home gym here!
Master Bedroom	Second	17 x 16	17.00	16.00	King bed + daybed w trundle
Master Bathroom	Second	12.8 x 5.5	12.80	5.50	En suite for privacy
Bedroom	Second	13.3 x 10.5	13.30	10.50	King Bed
Full Bathroom	Second	5 x 7.6	5.00	7.60	En Suite to King Bedroom
Bedroom	Second	13.7 x 15.4	13.70	15.40	Two Queen Beds
Full Bathroom	Second	7.7 x 5	7.70	5.00	En suite for privacy

Listing Office: EXP Realty LLC

Last Updated: October – 28 – 2025

Information deemed reliable but not guaranteed.