170 Penelope St, Miramar Beach, FL 32550

$1,500,000
4
BD
4
BA
2,475
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$1,500,000
Status
ACTIVE
Days on Market
130
Price Change
▼ $30,000 1789415428
MLS#
1002642
Subtype
Residential
Style
Beach House
Year Built
2018
Bedrooms
4
Bathrooms
4
Full Baths
4
Living Area
2,475
Lot Size
6,969
Acres
0.16
Subdivision
Frangista Beach 3rd Addn
Neighborhood
Miramar Beach S. of 98 w/exception of Sandestin Resort
MLS Area Major
Miramar/Sandestin Resort

Property Description

MEET PENELOPE! Where Beach Days Become Family Traditions There are beach houses you visit--and then there are beach houses that become part of your family's story. Tucked within the highly sought-after Frangista Beach community of Miramar Beach, 170 Penelope Street offers the rare opportunity to own a home where the best of the Emerald Coast is remarkably close, yet everyday life still feels private and relaxed. Just imagine mornings beginning with coffee on the coast, afternoons spent at the beach, and evenings gathered around the table with the people you love most. Designed with both owners and guests in mind, this spacious four-bedroom home offers an inviting open-concept layout with multiple sleeping areas, generous gathering spaces, and the flexibility today's beach buyers are looking for. Whether you're creating your family's own coastal retreat, hosting extended family and friends, or looking for a property that can generate meaningful rental income when you're away, the home adapts beautifully to the way you want to enjoy the beach. *Willing to provide a pool credit!* And then there's the backyard. With room for a private pool, the property offers an exciting opportunity to create an even more elevated outdoor retreat--and potentially make an already compelling vacation property even more desirable to future guests. Frangista Beach is the kind of location buyers search for when they want to experience Miramar Beach without sacrificing convenience. The beach, restaurants, shopping, golf and entertainment are all close by, with the area being particularly well suited to walking, biking and golf-cart living. For those looking at the property through an investment lens, the opportunity becomes even more compelling. Short-term rentals are permitted, and the home has demonstrated strong rental performance, making it possible to enjoy the property personally while allowing it to work for you when you're away. But the numbers are only part of the story. The real value is owning a place where your children can grow up knowing exactly which beach access to take, where extended family can gather for another summer together, and where a week at the beach can eventually become a lifetime of memories. 170 Penelope Street isn't simply an investment in Miramar Beach. It's an opportunity to own the place where the memories happen. Bring your offer and come see why this Frangista Beach retreat deserves a closer look.

Additional Information

Interior Features
Newly Painted
Taxes
$8,414
Property Description
Beach House
Zoning
Resid Single Family
Appliances
Dishwasher, Refrigerator, Electric Water Heater
Heating
Central
Air Conditioning
Central Air
Stories
2
Roof
Metal
Garage Spaces
1
Elementary School
Destin
Middle School
Destin
High School
South Walton

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Corcoran Reverie SRB.

Vendor Member Number : 28166