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.
For sale
$749,900
135 Grayling Way, Inlet Beach, FL 32461
3beds
1,772sqft
Est.:
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
- 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#: 995700
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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/19/2026 | Listed for sale | $749,900-2.4%$423/sqft |
Source: eXp Realty #995700 Report a problem | ||
| 2/17/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/30/2026 | Price change | $768,500-0.1%$434/sqft |
Source: Owner Report a problem | ||
| 12/30/2025 | Price change | $769,000+4.1%$434/sqft |
Source: Owner Report a problem | ||
| 12/6/2025 | Listed for sale | $739,000$417/sqft |
Source: Owner Report a problem | ||
| 11/18/2025 | Listing removed | $739,000$417/sqft |
Source: | ||
| 11/22/2024 | Listed for sale | $739,000+130.2%$417/sqft |
Source: | ||
| 4/30/2018 | Sold | $321,000-1.8%$181/sqft |
Source: | ||
| 3/19/2018 | Pending sale | $326,900$184/sqft |
Source: Keller Williams Success Realty #661145 Report a problem | ||
| 1/9/2018 | Price change | $326,900-2.4%$184/sqft |
Source: Panama City Beach #661145 Report a problem | ||
| 11/1/2017 | Listed for sale | $335,000$189/sqft |
Source: Panama City Beach #661145 Report a problem | ||
| 10/25/2017 | Pending sale | $335,000$189/sqft |
Source: Keller Williams Success Realty #661145 Report a problem | ||
| 9/4/2017 | Price change | $335,000-2.9%$189/sqft |
Source: Keller Williams Success Realty #661145 Report a problem | ||
| 7/20/2017 | Listed for sale | $345,000+52.5%$195/sqft |
Source: Keller Williams Success Realty #661145 Report a problem | ||
| 6/17/2014 | Sold | $226,240$128/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
Nearby schools
GreatSchools rating
- 10/10Bay Elementary SchoolGrades: K-5Distance: 6.2 mi
- 8/10Emerald Coast Middle SchoolGrades: 6-8Distance: 8.5 mi
- 8/10South Walton High SchoolGrades: 9-12Distance: 12.7 mi
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.
Local experts in 32461
- Florida
- Walton County
- Inlet Beach
- 32461
- 135 Grayling Way







