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For sale
  • $749,900

    135 Grayling Way, Inlet Beach, FL 32461

    3beds
    1,772sqft
    : 
    Single Family Residence
    Built in 2014
    3,049.2 Square Feet Lot
    $-- Zestimate®
    $423/sqft
    $54/mo HOA

    What's special

    Refreshed interiorsGenerous storage throughoutOpen and inviting layoutNew hot water heaterRain guttersUpdated hvac unitsCovered patio
    Perfectly positioned in the heart of Inlet Beach within the desirable Water View subdivision, 135 Grayling Way offers a true turnkey opportunity along the iconic Scenic Highway 30A corridor. Just minutes from Rosemary Beach and only .3 mile from your doorstep to the sand, this fully furnished 3 bedroom, 3 bathroom beach home blends comfort, quality, and investment potential. Thoughtfully updated and impeccably maintained, this property has never been rented and reflects exceptional owner care, including seasonal pressure washing, proactive whole-home maintenance, active termite bond, and professional landscape upkeep. Recent improvements include updated HVAC units, new hot water heater, outdoor shower, rain gutters, fenced backyard with covered entertaining oasis, and added storage closets for enhanced functionality. Inside, the open and inviting layout comfortably accommodates multiple guests, making it ideal as a primary residence, second home, or income-producing short-term rental. Rental projections exceed $60,000+ annually!, offering strong income potential from day one. Generous storage throughout sets this home apart from typical beach properties, adding practical convenience for both owners and guests. Outdoor living spaces create the perfect setting to unwind after a day on the Gulf, whether rinsing off under the outdoor shower, gathering around the fire in the evening, or relaxing beneath the covered patio. An extra-wide bike path just around the corner connects seamlessly to 30Avenue and extends over the bridge toward Panama City Beach. Pedestrian access through the nearby tunnel allows safe and easy passage beneath Highway 98 toward 30A and Rosemary Beach. Beach access is effortless via Inlet Beach Regional Beach Access at the southern end of South Orange Street, the largest access point in Walton County. Amenities include ample parking, restrooms, showers, and expansive natural dunes. Just offshore lies Grouper Reef, a popular artificial snorkel reef approximately 970 feet from shore, known for vibrant marine life including fish, dolphins, and sea turtles. Nature lovers will appreciate being just one mile from Camp Helen State Park, home to Lake Powell, one of the largest and rare coastal dune lakes in North America. Enjoy kayaking, paddleboarding, and exploring preserved coastal landscapes. The eastern end of 30A also provides quick access to Pier Park shopping and dining, as well as Northwest Florida Beaches International Airport (ECP) for convenient travel. With nearby beach access just .3 mile away, a location that consistently commands demand, and a fully furnished, move-in-ready property positioned for immediate rental income, 135 Grayling Way delivers exceptional value along 30A. Whether you're seeking a personal coastal retreat or a high-performing investment property, this Inlet Beach home offers refreshed interiors, rental-ready convenience, and a prime location near Rosemary Beach and the Gulf.
    14 days
    |
    1,185
    |
    40
    |

    Likely to sell faster than

    Zillow last checked: 8 hours ago

    Listing updated: February 25, 2026 at 09:46am

    Listed by:

    Steve E Philpot 850-517-0284,

    EXP Realty LLC,

    Joshua D Legare 850-737-8830,

    EXP Realty LLC

    Source: ECAOR,MLS#: 995700MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Primary bedroom
    • Level: Second
    • Area: 210 Square Feet
    • Dimensions: 15 x 14
    Bedroom
    • Level: Second
    • Area: 132 Square Feet
    • Dimensions: 12 x 11
    Dining area
    • Level: First
    • Area: 110 Square Feet
    • Dimensions: 11 x 10
    Family room
    • Level: First
    • Area: 260 Square Feet
    • Dimensions: 20 x 13
    Garage
    • Level: First
    • Area: 198 Square Feet
    • Dimensions: 18 x 11
    Kitchen
    • Level: First
    • Area: 110 Square Feet
    • Dimensions: 11 x 10
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Disposal, Microwave, Refrigerator, Electric Water Heater
    • Laundry: Washer/Dryer Hookup
    Features
    • Breakfast Bar, Floor Allowance, Kitchen Island, Recessed Lighting, Owner's Closet
    • Flooring: Hardwood
    • Windows: Double Pane Windows, Window Treatments
    • Furnished: Yes
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 1,772
    • Total interior livable area: 1,772 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage Door Opener, Garage
    • Attached garage spaces: 1
    Features
    • Stories: 2
    • Patio & porch: Covered
    • Exterior features: Private Yard, Outdoor Shower
    • Fencing: Full
    Lot
    • Size: 3,049.2 Square Feet
    • Dimensions: 40 x 80
    • Features: Covenants, Interior Lot, Restrictions
    Details
    • Parcel number: 363S18168100000160
    • Zoning description: Resid Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Beach House
    • Property subtype: Single Family Residence
    Materials
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • Construction Complete
    • New construction: No
    • Year built: 2014

    Utilities & green energy

    • Water: Public

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: WATERVIEW AT INLET BEACH
    HOA
    • Has HOA: Yes
    • HOA fee: $650 annually
    Location
    • Region: Inlet Beach

    Financial & listing details

    • Price per square foot: $423/sqft
    • Tax assessed value: $743,590
    • Annual tax amount: $3,191
    • Date on market: 2/19/2026
    • Road surface type: Paved
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    2/19/2026Listed for sale$749,900-2.4%$423/sqft
    Source: eXp Realty #995700 Report a problem
    2/17/2026Listing removed--
    Source: Owner Report a problem
    1/30/2026Price change$768,500-0.1%$434/sqft
    Source: Owner Report a problem
    12/30/2025Price change$769,000+4.1%$434/sqft
    Source: Owner Report a problem
    12/6/2025Listed for sale$739,000$417/sqft
    Source: Owner Report a problem
    11/18/2025Listing removed$739,000$417/sqft
    Source: ECAOR #963529 Report a problem
    11/22/2024Listed for sale$739,000+130.2%$417/sqft
    Source: ECAOR #963529 Report a problem
    4/30/2018Sold$321,000-1.8%$181/sqft
    Source: CPAR #666340 Report a problem
    3/19/2018Pending sale$326,900$184/sqft
    Source: Keller Williams Success Realty #661145 Report a problem
    1/9/2018Price change$326,900-2.4%$184/sqft
    Source: Panama City Beach #661145 Report a problem
    11/1/2017Listed for sale$335,000$189/sqft
    Source: Panama City Beach #661145 Report a problem
    10/25/2017Pending sale$335,000$189/sqft
    Source: Keller Williams Success Realty #661145 Report a problem
    9/4/2017Price change$335,000-2.9%$189/sqft
    Source: Keller Williams Success Realty #661145 Report a problem
    7/20/2017Listed for sale$345,000+52.5%$195/sqft
    Source: Keller Williams Success Realty #661145 Report a problem
    6/17/2014Sold$226,240$128/sqft
    Source: Public Record Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$3,128 +3.9%$380,726 +3%
    2023$3,011 +1.3%$369,637 +3%
    2022$2,972 -1.2%$358,871 +3%
    2021$3,008 -7.3%$348,418 +8.5%
    2020$3,247 +15.6%$321,184 +13.5%
    2019$2,809 $282,899 +3%
    2018$2,809 +18.7%$274,665 +1.9%
    2017$2,367 +2.8%$269,519 +25.7%
    2016$2,303 +7.3%$214,406 +4.1%
    2015$2,145 +2.5%$205,927 +707.6%
    2014$2,093 $25,500 +64.5%
    2013-- $15,500 +30.5%
    2012-- $11,875 -5%
    2011-- $12,500 -46.8%
    2010-- $23,500 -66.4%
    2009-- $70,000

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $4,173/mo
    Principal & interest
    $3538
    Property taxes
    $581
    HOA Fees
    $54

      Climate risks

      Neighborhood: 32461

      Getting around

      34 / 100
      Car-Dependent
      59 / 100
      Bikeable

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Dune Lakes
      • Middle: Emerald Coast
      • High: South Walton

      Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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