21 Penny Lane, Santa Rosa Beach, FL 32459 (MLS# 795093)

21 Penny Lane, Santa Rosa Beach, FL 32459

New Listing

$3,800,000

Virtual Tour

https://www.zillow.com/view-imx/4d58e620-3856-416a-b95d-9eed1dd8c721?wl=true&setAttribution=mls&initialViewType=pano

Bathroom with Double Vanity & Walk-In Shower

Balcony Seating Area with Community View

Bathroom with Glass Shower & Soaking Tub

Bathroom with Soaking Tub & Glass Shower

Property Type: Residential Bedrooms: 10 Baths: 11 Square Footage: 5,992 Lot Size (sq. ft.): 10,890 Status: Active

Current Price: $3,800,000 List Date: 9/06/2026 Last Modified: 9/06/2026

Overview

Description

Discover the pinnacle of sophisticated beachside living at this premier multi-family estate, perfectly positioned along Florida's iconic Emerald Coast. Designed for those who demand both exclusivity and exceptional performance, this turnkey compound offers a rare opportunity to own a world-class retreat in the heart of the sought-after Blue Mountain Beach. A Masterpiece of Design and Comfort Spanning multiple levels of refined living, this residence is an architectural triumph. An integrated elevator provides seamless accessibility throughout, ensuring comfort for guests of all generations. The home's interior is a study in curated elegance, featuring high-end finishes and bespoke design elements that cater to the most discerning tastes. With the capacity to accommodate 24 guests in absolute comfort, the estate is expertly configured for grand retreats and private gatherings. The layout includes: * 8 King Master Suites: Each a private sanctuary of relaxation. * 2 Bespoke Bunk R … (Read more) Discover the pinnacle of sophisticated beachside living at this premier multi-family estate, perfectly positioned along Florida’s iconic Emerald Coast. Designed for those who demand both exclusivity and exceptional performance, this turnkey compound offers a rare opportunity to own a world-class retreat in the heart of the sought-after Blue Mountain Beach. A Masterpiece of Design and Comfort Spanning multiple levels of refined living, this residence is an architectural triumph. An integrated elevator provides seamless accessibility throughout, ensuring comfort for guests of all generations. The home’s interior is a study in curated elegance, featuring high-end finishes and bespoke design elements that cater to the most discerning tastes. With the capacity to accommodate 24 guests in absolute comfort, the estate is expertly configured for grand retreats and private gatherings. The layout includes: * 8 King Master Suites: Each a private sanctuary of relaxation. * 2 Bespoke Bunk Rooms: Thoughtfully designed to sleep four guests each. * 9 Full Bathrooms & 2 Half Baths: Featuring spa-inspired designer tile, quartz surfaces, and premium fixtures. * Culinary Excellence: A state-of-the-art chef’s kitchen, equipped with a six-burner gas range, double refrigeration, and expansive quartz counters. A secondary kitchenette on the third level offers added convenience for seamless entertaining. The exterior is an extension of the home’s luxury, crafted for the ultimate al fresco lifestyle. Enjoy a private, resort-style swimming pool, an outdoor shower, and a built-in gas grill. As the sun sets, the ambiance transforms with glowing pool lighting and the warmth of a custom swim up pool and spa and linear gas fire wall–the perfect setting for evenings under the coastal stars. Proven performance, this property is a formidable investment. The estate demonstrates a robust and consistent revenue stream. The absence of an HOA grants the owner complete autonomy over rental management and usage. For those seeking a hands-off approach, the option remains to continue a partnership with the Southern Holiday Homes, ensuring the property remains a premier destination for high-end clientele. Situated just moments from the turquoise waters and quartz-sand beaches of the Emerald Coast, this residence offers immediate access to the vibrant dining, golf, and leisure attractions of the 30A corridor. Whether you are seeking a private family compound or a high-yield luxury investment, this estate represents a singular opportunity to secure a legacy property in one of the most desirable coastal markets.

Listing Details MLS# 795093

Contract Info

List Price/SqFt: 634.18

Location

Area: 12 – Walton County
Street #: 21
Street Name: Penny
Street Suffix: Lane
State: FL
Zip Code: 32459
County: Walton
Sub Area: 1207 – Walton – Inlet Beach
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 02-3S-20-34160-000-0254
Elementary School: Van R Butler
Middle School: Emerald Coast
High School: South Walton
Directions: From US Hwy 98 turn South onto Hwy 393. Turn left on Penny Lane. The home is north of Shunk Gully and Ed Walline Park
Legal Description: Com Sw/Cor Gov Lot 25,S 87 Deg 52'57''E 133.00 Ft For Pob,N 02 Deg 58'03''E 110.08 Ft,S 87 Deg 57'11''E 100.00 Ft,S 02 Deg 55' 29''W 110.20 Ft,N 87 Deg 52'57'' W 100.00 Ft To Pob Being In Sec 02-3S-20W Or 3308-3580

General Property Info

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 5992
SqFt Source: Prop App Site
Full Baths: 9
Half Baths: 2
Total Baths: 11
Accessory Dwelling Unit: No
Year Built: 2022
Immediate Occupancy: Yes
Pre-Const Flip: No
Construction Status: Construction Complete
New Construction: No
Garage Y/N: Yes
Garage Spaces: 2
Driveway Spaces: 5
Lot Dimensions: 110.0 ft x 100.0 ft
Acreage: 0.25
Lot Size (SqFt): 10890
Pool: Yes
Pool Type: Private

Listing Info, Tax and Legal

Homestead: No
HOA Fee: No
New Buyer Fee: No
Last Taxes: 26363.8
Last Tax Year: 2025
Lot: 25
Brokerage Interest: No Interest
As Is: Yes
Section: 2
Township: 2S
Range: 20
Condo Doc: No

Remarks & Misc

Remarks: Discover the pinnacle of sophisticated beachside living at this premier multi-family estate, perfectly positioned along Florida's iconic Emerald Coast. Designed for those who demand both exclusivity and exceptional performance, this turnkey compound offers a rare opportunity to own a world-class retreat in the heart of the sought-after Blue Mountain Beach. A Masterpiece of Design and Comfort Spanning multiple levels of refined living, this residence is an architectural triumph. An integrated elevator provides seamless accessibility throughout, ensuring comfort for guests of all generations. The home's interior is a study in curated elegance, featuring high-end finishes and bespoke design elements that cater to the most discerning tastes. With the capacity to accommodate 24 guests in absolute comfort, the estate is expertly configured for grand retreats and private gatherings. The layout includes: * 8 King Master Suites: Each a private sanctuary of relaxation. * 2 Bespoke Bunk Rooms: Thoughtfully designed to sleep four guests each. * 9 Full Bathrooms & 2 Half Baths: Featuring spa-inspired designer tile, quartz surfaces, and premium fixtures. * Culinary Excellence: A state-of-the-art chef's kitchen, equipped with a six-burner gas range, double refrigeration, and expansive quartz counters. A secondary kitchenette on the third level offers added convenience for seamless entertaining. The exterior is an extension of the home's luxury, crafted for the ultimate al fresco lifestyle. Enjoy a private, resort-style swimming pool, an outdoor shower, and a built-in gas grill. As the sun sets, the ambiance transforms with glowing pool lighting and the warmth of a custom swim up pool and spa and linear gas fire wall–the perfect setting for evenings under the coastal stars. Proven performance, this property is a formidable investment. The estate demonstrates a robust and consistent revenue stream. The absence of an HOA grants the owner complete autonomy over rental management and usage. For those seeking a hands-off approach, the option remains to continue a partnership with the Southern Holiday Homes, ensuring the property remains a premier destination for high-end clientele. Situated just moments from the turquoise waters and quartz-sand beaches of the Emerald Coast, this residence offers immediate access to the vibrant dining, golf, and leisure attractions of the 30A corridor. Whether you are seeking a private family compound or a high-yield luxury investment, this estate represents a singular opportunity to secure a legacy property in one of the most desirable coastal markets.

Bonus Room

Third: Yes

More Information

Pool Features

Gunite Concrete: Yes
Heated – Gas: Yes
Inground: Yes
Saltwater: Yes
Spa/ Hot Tub: Yes
Waterfall: Yes

Recreation Room

First: Yes

Appliances

Cooktop – Electric: Yes
Cooktop – Gas: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Freezer: Yes
Ice Maker: Yes
Microwave: Yes
Oven – Double: Yes
Oven – Electric: Yes
Range – Gas: Yes
Range Hood: Yes
Refrigerator: Yes
Washer: Yes
Water Heater – Gas: Yes
Water Heater – Tankless: Yes
Wine Cooler: Yes
Wine Refrigerator: Yes

Interior Features

Breakfast Bar: Yes
Ceiling – Crwn Molding: Yes
Ceiling – Raised: Yes
Ceiling – Vaulted: Yes
Elevator: Yes
Fireplace: Yes
Floor – Hardwood: Yes
Floor – Tile: Yes
Kitchen Island: Yes
Lighting – Recessed: Yes
Lock Out Closet: Yes
Media Room: Yes
Pantry: Yes
Pull Down Stairs: Yes
Security System: Yes
Split Bedroom: Yes
Wet Bar: Yes
Window – Treatment All: Yes

Construction/Siding

Steel/Frame: Yes
Wood/Frame: Yes
Roof – Tile/Slate: Yes
Siding – Stucco: Yes
Trim – Wood: Yes

Exterior

Balcony: Yes
Built-in Barbecue/Grill: Yes
Deck Enclosed: Yes
Deck Open: Yes
Double Pane Windows: Yes
Summer Kitchen: Yes
Shower: Yes
Porch Covered: Yes
Sprinkler System: Yes

Financing

Conventional: Yes

Furnished

Furnished: Yes

Interior

Bonus Room: Yes
Bunk Room: Yes
Insulated Doors: Yes
Smart Home: Yes
Smart Thermostat: Yes

Kitchen

Second: Yes

Living Room

Second: Yes

Lot Features

Within 1/2 Mile to Water: Yes

Lot Access

Paved Road: Yes

Parking Features

Circular Driveway: Yes
Garage Attached: Yes

Present Zoning

Resid Single Family: Yes

Rooms

Bedroom: Yes
Bonus Room: Yes
Kitchen: Yes
Living Room: Yes
Recreation Room: Yes

Utilities

TV Cable: Yes
Electricity – Connected: Yes
Electric 220/240: Yes
Natural Gas – Connected: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Gulf: Yes

Bedroom

First: Yes
Second: Yes
Third: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Heat Pump: Yes
Multi Units: Yes
Zoned: Yes

Heating

Central: Yes
Fireplace – Gas: Yes
Heat Pump: Yes
Zoned: Yes

Primary Bdrm/Primary Bath

MBath Double Vanity: Yes
MBath Separate Shwr: Yes
MBed Balcony: Yes
MBed First Floor: Yes
MBed Walk-in Closet: Yes

Security Features

Smoke Detector(s): Yes

Property Features

Appliances: Cooktop – Electric; Cooktop – Gas; Dishwasher; Disposal; Dryer; Freezer; Ice Maker; Microwave; Oven – Double; Oven – Electric; Range – Gas; Range Hood; Refrigerator; Washer; Water Heater – Gas; Water Heater – Tankless; Wine Cooler; Wine Refrigerator Bedroom: First; Second; Third Cooling: Ceiling Fan(s); Central Air; Heat Pump; Multi Units; Zoned Heating: Central; Fireplace – Gas; Heat Pump; Zoned Exterior: Balcony; Built-in Barbecue/Grill; Deck Enclosed; Deck Open; Double Pane Windows; Summer Kitchen; Shower; Porch Covered; Sprinkler System Financing: Conventional Furnished: Furnished Interior: Bonus Room; Bunk Room; Insulated Doors; Smart Home; Smart Thermostat Kitchen: Second Living Room: Second Lot Features: Within 1/2 Mile to Water Lot Access: Paved Road Bonus Room: Third Pool Features: Gunite Concrete; Heated – Gas; Inground; Saltwater; Spa/ Hot Tub; Waterfall Recreation Room: First Security Features: Smoke Detector(s) Parking Features: Circular Driveway; Garage Attached Rooms: Bedroom; Bonus Room; Kitchen; Living Room; Recreation Room Utilities: TV Cable; Electric 220/240; Electricity – Connected; Natural Gas – Connected; Public Sewer – Connected; Public Water – Connected Waterview: Gulf Present Zoning: Resid Single Family

Room Information

Room Name	Level	Dimensions	Length	Width
Bedroom	First	13.17 x 15.33	13.17	15.33
Bedroom	First	14.17 x 14.67	14.17	14.67
Bedroom	First	13.58 x 14.25	13.58	14.25
Recreation Room	First	31.83 x 19.9	31.83	19.90
Bedroom	Second	14.75 x 18.75	14.75	18.75
Bedroom	Second	14.67 x 14.67	14.67	14.67
Living Room	Second	25.17 x 19.9	25.17	19.90
Kitchen	Second	18.42 x 18.67	18.42	18.67
Bedroom	Third	14.58 x 18.75	14.58	18.75
Bedroom	Third	14.33 x 11.42	14.33	11.42
Bedroom	Third	14.33 x 13.17	14.33	13.17
Bonus Room	Third	23.33 x 12	23.33	12.00

Listing Office: Compass Florida, LLC

Last Updated: September – 06 – 2026

Information deemed reliable but not guaranteed.