17 Penny Lane, Santa Rosa Beach, FL 32459 (MLS# 795944)

17 Penny Lane, Santa Rosa Beach, FL 32459

New Listing

$3,750,000

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Property Type: Residential Bedrooms: 10 Baths: 11 Square Footage: 6,413 Lot Size (sq. ft.): 14,375 Status: Active

Current Price: $3,750,000 List Date: 9/28/2026 Last Modified: 9/28/2026

Overview

Description

MOTIVATED SELLER! This property boasts 10 spacious bedrooms and 11 bathrooms, making it the perfect retreat for large families or groups of friends looking to create unforgettable memories together. With the ability to comfortably sleep up to 28 people, your family reunions, friend getaways, or vacation rentals will be a breeze! Say goodbye to HOA restrictions and embrace the freedom of owning this incredible investment property, which has an impressive rental history. The current rental management company is projecting nearly $400,000 in rental income this year, providing you with a fantastic return on your investment. As you explore this home, you'll appreciate the exquisite, custom details and beautiful woodwork that elevate its elegance. – Tax benefits commonly used by rental owners: depreciation, deductible operating expenses (management fees, maintenance, utilities), and interest deductions can help lower taxable income — talk with your CPA about how these apply to yo … (Read more) MOTIVATED SELLER! This property boasts 10 spacious bedrooms and 11 bathrooms, making it the perfect retreat for large families or groups of friends looking to create unforgettable memories together. With the ability to comfortably sleep up to 28 people, your family reunions, friend getaways, or vacation rentals will be a breeze! Say goodbye to HOA restrictions and embrace the freedom of owning this incredible investment property, which has an impressive rental history. The current rental management company is projecting nearly $400,000 in rental income this year, providing you with a fantastic return on your investment. As you explore this home, you’ll appreciate the exquisite, custom details and beautiful woodwork that elevate its elegance. – Tax benefits commonly used by rental owners: depreciation, deductible operating expenses (management fees, maintenance, utilities), and interest deductions can help lower taxable income — talk with your CPA about how these apply to your situation. – Flexible ownership strategies: works as a short-term rental, seasonal vacation home, or long-term income property; could fit 1031 exchange or portfolio diversification plans (confirm with your tax advisor). – No HOA restrictions: more control over rental use, furnishings, and booking platforms. What makes guests book it – Location: an easy 3-minute walk to Shunk Gulley and Scenic Highway 30A beaches; nearby ADA-accessible Ed Walline access with restrooms, picnic shelters, and a two-story viewing platform. – Amenities guests crave: private pool, multiple balconies with Gulf views, roomy living areas on each floor so large groups can spread out and still gather. – Thoughtful design: custom woodwork and finishes that give the home character and repeat-booking appeal. Who this fits best – Investors wanting a high-capacity, high-demand short-term rental with management already in place. – Buyers seeking a multi-family vacation home that pays for itself during peak season. – Owners looking for tax-advantaged real estate income (consult your CPA for specifics). This property blends lifestyle and investment — beachfront access, big rental revenue, and tax strategies that can improve net returns!

Listing Details MLS# 795944

Contract Info

List Price/SqFt: 584.75

Location

Area: 12 – Walton County
Street #: 17
Street Name: Penny
Street Suffix: Lane
State: FL
Zip Code: 32459
County: Walton
Sub Area: 1202 – Walton – Santa Rosa Beach
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 02-3S-20-34160-000-0251
Elementary School: Van R Butler
Middle School: Emerald Coast
High School: South Walton
Directions: From 98 turn south on highway 393. Turn left on Penny Lane. Just North of Shunk Gulley Restaurant.
Legal Description: BEG SW/COR GOV LOT 25,N 02 DEG 55'43''E 109.83FT,S 87 DEG 57'11''E 133.00FT,S 02 DEG 25'03''W 110.08FT TO S LN LOT 25 W 133.00FT TO POB BEING IN SEC 02-3S-20W

General Property Info

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 6413
SqFt Source: Prop App Site
Full Baths: 9
Half Baths: 2
Total Baths: 11
# of Stories in Building: 3
Accessory Dwelling Unit: No
Year Built: 2022
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: Yes
Garage Spaces: 2
Driveway Spaces: 6
Lot Dimensions: 110.0 ft x 133.0 ft
Acreage: 0.33
Lot Size (SqFt): 14375
Pool: Yes
Pool Type: Private

Listing Info, Tax and Legal

Homestead: No
HOA Fee: No
New Buyer Fee: No
Last Taxes: 27854.9
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: MOTIVATED SELLER! This property boasts 10 spacious bedrooms and 11 bathrooms, making it the perfect retreat for large families or groups of friends looking to create unforgettable memories together. With the ability to comfortably sleep up to 28 people, your family reunions, friend getaways, or vacation rentals will be a breeze! Say goodbye to HOA restrictions and embrace the freedom of owning this incredible investment property, which has an impressive rental history. The current rental management company is projecting nearly $400,000 in rental income this year, providing you with a fantastic return on your investment. As you explore this home, you'll appreciate the exquisite, custom details and beautiful woodwork that elevate its elegance. – Tax benefits commonly used by rental owners: depreciation, deductible operating expenses (management fees, maintenance, utilities), and interest deductions can help lower taxable income — talk with your CPA about how these apply to your situation. – Flexible ownership strategies: works as a short-term rental, seasonal vacation home, or long-term income property; could fit 1031 exchange or portfolio diversification plans (confirm with your tax advisor). – No HOA restrictions: more control over rental use, furnishings, and booking platforms. What makes guests book it – Location: an easy 3-minute walk to Shunk Gulley and Scenic Highway 30A beaches; nearby ADA-accessible Ed Walline access with restrooms, picnic shelters, and a two-story viewing platform. – Amenities guests crave: private pool, multiple balconies with Gulf views, roomy living areas on each floor so large groups can spread out and still gather. – Thoughtful design: custom woodwork and finishes that give the home character and repeat-booking appeal. Who this fits best – Investors wanting a high-capacity, high-demand short-term rental with management already in place. – Buyers seeking a multi-family vacation home that pays for itself during peak season. – Owners looking for tax-advantaged real estate income (consult your CPA for specifics). This property blends lifestyle and investment — beachfront access, big rental revenue, and tax strategies that can improve net returns!

Balcony

Second: Yes
Third: Yes

More Information

Bunk Room

Second: Yes

Family Room

First: Yes

Pool Features

Inground: Yes
Spa/ Hot Tub: Yes

Appliances

Cooktop – Gas: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Oven – Gas: Yes
Washer: Yes
Water Heater – Gas: Yes
Water Heater – Tankless: Yes
Wine Refrigerator: Yes

Interior Features

Elevator: Yes
Floor – Vinyl Plank: Yes
Kitchen Island: Yes
Lighting – Recessed: Yes

Construction/Siding

Foundation – Slab on Grade: Yes
Roof – Tile/Slate: Yes
Siding – Stucco: Yes
Trim – Wood: Yes

Exterior

Balcony: Yes

Financing

Conventional: Yes

Furnished

Furnished: Yes

Living Room

Second: Yes
Third: Yes

Lot Features

Near Beach Access: Yes

Lot Access

Paved Road: Yes

Parking Features

Driveway: Yes
Garage Attached: Yes

Present Zoning

Resid Single Family: Yes

Rooms

Balcony: Yes
Bedroom: Yes
Bunk Room: Yes
Family Room: Yes
Full Bathroom: Yes
Living Room: Yes

Utilities

Cable – Available: Yes
Electricity – Connected: Yes
Garbage: Yes
Natural Gas – Connected: Yes
Internet – Broadband Available: Yes
Phone – Available: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Gulf: Yes

Sale Type

As Is: Yes

Full Bathroom

First: Yes

Bedroom

First: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Primary Bdrm/Primary Bath

MBath Double Vanity: Yes
MBed Walk-in Closet: Yes

Property Features

Appliances: Cooktop – Gas; Dishwasher; Disposal; Dryer; Microwave; Oven – Gas; Washer; Water Heater – Gas; Water Heater – Tankless; Wine Refrigerator Full Bathroom: First Bedroom: First Cooling: Ceiling Fan(s); Central Air Exterior: Balcony Financing: Conventional Furnished: Furnished Living Room: Second; Third Lot Features: Near Beach Access Lot Access: Paved Road Balcony: Second; Third Bunk Room: Second Family Room: First Pool Features: Inground; Spa/ Hot Tub Parking Features: Driveway; Garage Attached Rooms: Balcony; Bedroom; Bunk Room; Family Room; Full Bathroom; Living Room Sale Type: As Is Utilities: Cable – Available; Electricity – Connected; Garbage; Internet – Broadband Available; Natural Gas – Connected; Phone – Available; Public Sewer – Connected; Public Water – Connected Waterview: Gulf Present Zoning: Resid Single Family

Room Information

Room Name	Level	Dimensions	Length	Width
Bedroom	First	13 x 15.4	13.00	15.40
Full Bathroom	First	6.4 x 8.7	6.40	8.70
Family Room	First	31.1 x 19.11	31.10	19.11
Bedroom	First	14 x 14.8	14.00	14.80
Full Bathroom	First	7.1 x 9	7.10	9.00
Bunk Room	Second	18.3 x 11.3	18.30	11.30
Living Room	Second	25 x 20	25.00	20.00
Balcony	Second	14 x 6	14.00	6.00
Living Room	Third	23.4 x 12	23.40	12.00
Balcony	Third	15 x 6.5	15.00	6.50

Listing Office: 1 Percent Lists Florida Coast

Last Updated: September – 28 – 2026

Information deemed reliable but not guaranteed.