17 Penny Lane, Santa Rosa Beach, FL 32459
- 10 beds |
- 11 baths |
- 6,413 sqft
Single-Family Home 
Built in 2022 
0.34acre lot
2 car garage 
$623/sqft 
Listed 3 months ago
Property Description
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 Status:
- Active
- Date Added:
- January 9, 2026
- Data Last Updated:
- May 1, 2026 at 10:23PM
- Listing Office:
- 1 Percent Lists Florida Coast : 850-376-3865
- Listing Agent:
- Cherissa Cabahug : 504-289-5400
- MLS ID:
- 992482
- Style: Beach House
- Parking: Garage Door Opener
- Windows: Window Treatments
- General: StuccoTrim Wood3Slab
- Originating MLS: Emerald Coast Association of REALTORS®
- County: Walton
- Zoning: Resid Single Family02-3S-20-34160-000-0251
- Water: 0
- Source: Emerald Coast Association of REALTORS®
This listing courtesy of Cherissa Cabahug , 1 Percent Lists Florida Coast
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
