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Sold for $4,500,000
  • $4,500,000

    21 Penny Ln, Santa Rosa Beach, FL 32459

    10beds
    5,992sqft
    Single Family Residence
    Built in 2022
    0.25 Acres Lot
    $3,703,800 Zestimate®
    $751/sqft
    $5,011 Estimated rent

    Home value

    $3,703,800

    $3.52M - $3.89M

    $5,011/mo

    Zestimate® history
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    What's special

    This incredible Multi-Family STR Luxury Compound is expecting over $530K in Rental Projections for 2023, with over $519K currently Completed/Pending so far this year!!! Indulge in the ultimate luxury beachside living experience! This stunning property comes fully furnished in high-end finishes and features every amenity imaginable. This spacious home also boasts an elevator that makes moving between floors a breeze, adding an extra touch of convenience and luxury. Located just steps from the turquoise waters and the white quartz sand beaches of Florida's famous Emerald Coast, this spacious home can accommodate extra large groups by comfortably sleeping 24; making it ideal for exclusive retreats, rentals, and events This extraordinary home is situated across from the sought after Gulf Place District of 30A. Relax in the many beautifully appointed living areas or unwind in one of the luxurious bedrooms. The incredibly designed 8 king master suites, 2 built in bunk rooms which each sleep 4, full-sized laundry on every floor, and all of the 9 full bathrooms are the ultimate in luxury. The spa-like bathrooms feature designer tile and quartz surfaces, as well as the 2 additional half baths add plenty of options for large amounts of guests. The state-of-the-art modern kitchen with a six burner gas stove, double refrigerator freezer, and quartz counters make it the ultimate in modern luxury for the largest of stay and play gatherings. This home even features an additional kitchenette on the 3rd floor living area, along with multiple balconies to enjoy the gulf view! Outside, the stunning patio area is complete with a private refreshing swimming pool, outdoor shower, built-in gas grill, and seating for al fresco dining. Light up the night with glowing pool lights and the built in outdoor gas fireplace. NO HOA, so you'll have the complete freedom to enjoy your time and unrestricted rental ability. Whether you're lounging in the stylish living areas, relaxing in the well-appointed bedrooms, or cooking up a feast in the gourmet kitchen, you'll appreciate the high-end finishes and attention to detail throughout. Don't feel like cooking? The popular Shunk Gulley Oyster Bar of 30A is right nearby along with all the other Gulf Place hot spots. This property is completely turnkey ready, making it the perfect choice for those who want to enjoy the ultimate luxury lifestyle without the hassle of furnishing and decorating. New owner's can also opt to continue with the elite 30A Beach Girls management company, who have continued to bring exclusive guests and a continuous revenue stream to this sought after property with $428k in current reservations already on the books. The Emerald Coast is home to some of the best beaches, golf, dining, attractions, and luxury in the U.S. This is your chance to own such a large and incredible piece of beachside paradise with incredible ROI potential! This ultimate investment not only can pay you, but you have the ability to enjoy it for yourself as well! Schedule your visit or video tour with us today!

    Zillow last checked: 7 hours ago

    Listing updated: October 25, 2024 at 07:45pm

    Listed by:

    Tony R Manthey 850-585-5501,

    The Premier Property Group

    Bought with:

    Tony R Manthey, 3277669

    The Premier Property Group

    Source: ECAOR,MLS#: 901990MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 11
    • Full bathrooms: 9
    • 1/2 bathrooms: 2
    Bedroom
    • Level: First
    • Area: 201.9 Square Feet
    • Dimensions: 13.17 x 15.33
    Bedroom
    • Level: First
    • Area: 207.87 Square Feet
    • Dimensions: 14.17 x 14.67
    Bedroom
    • Level: First
    • Area: 193.52 Square Feet
    • Dimensions: 13.58 x 14.25
    Bedroom
    • Level: Second
    • Area: 276.56 Square Feet
    • Dimensions: 14.75 x 18.75
    Bedroom
    • Level: Second
    • Area: 215.21 Square Feet
    • Dimensions: 14.67 x 14.67
    Bedroom
    • Level: Third
    • Area: 273.38 Square Feet
    • Dimensions: 14.58 x 18.75
    Bedroom
    • Level: Third
    • Area: 163.65 Square Feet
    • Dimensions: 14.33 x 11.42
    Bedroom
    • Level: Third
    • Area: 188.73 Square Feet
    • Dimensions: 14.33 x 13.17
    Bonus room
    • Level: Third
    • Area: 279.96 Square Feet
    • Dimensions: 23.33 x 12
    Kitchen
    • Level: Second
    • Area: 343.9 Square Feet
    • Dimensions: 18.42 x 18.67
    Living room
    • Level: Second
    • Area: 500.63 Square Feet
    • Dimensions: 25.17 x 19.9
    Recreation room
    • Level: First
    • Area: 633.1 Square Feet
    • Dimensions: 31.83 x 19.9
    Heating
    • Central, Natural Gas
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Double Oven, Range Hood, Washer, Gas Water Heater, Tankless Water Heater
    • Laundry: Washer/Dryer Hookup
    Features
    • Breakfast Bar, Crown Molding, Vaulted Ceiling(s), Hallway Bunk Beds, Kitchen Island, Recessed Lighting, Newly Painted, Owner's Closet, Pantry, Shelving, Upgraded Media Wing, Wet Bar, Woodwork Painted, Elevator
    • Flooring: Hardwood, Tile
    • Windows: Double Pane Windows, Window Treatments
    • Attic: Pull Down Stairs
    • Has fireplace: Yes
    • Fireplace features: Gas, Fireplace 2+
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 5,992
    • Total interior livable area: 5,992 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Door Opener, Golf Cart Garage, Garage
    • Attached garage spaces: 2
    Features
    • Stories: 3
    • Patio & porch: Covered, Patio, Porch
    • Exterior features: Outdoor Grill, Balcony, Private Yard, Lawn Pump, Outdoor Shower, Sprinkler System, Outdoor Kitchen
    • Has private pool: Yes
    • Pool features: Heated, In Ground, Gunite
    • Has spa: Yes
    • Spa features: Heated
    • Fencing: Privacy
    • Has view: Yes
    • View description: Gulf
    • Has water view: Yes
    • Water view: Gulf
    Lot
    • Size: 0.25 Acres
    • Dimensions: 110' x 100'
    • Features: Level, Survey Available, Within 1/2 Mile to Water
    Details
    • Parcel number: 023S20341600000254
    • Zoning description: County, Resid Single

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Beach House
    • Property subtype: Single Family Residence
    Materials
    • Frame, Stucco, Trim Vinyl
    • Roof: Slate,Roof Pitched
    Condition
    • Construction Complete
    • New construction: No
    • Year built: 2022

    Utilities & green energy

    • Water: Public
    Green energy
    • Energy efficient items: Doors

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Location
    • Region: Santa Rosa Beach
    • Subdivision: Colleen's Cove

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    3/19/2026Listing removed$3,950,000$659/sqft
    Source: ECAOR #985492 Report a problem
    2/4/2026Price change$3,950,000-4.8%$659/sqft
    Source: ECAOR #985492 Report a problem
    9/16/2025Listed for sale$4,150,000-7.8%$693/sqft
    Source: ECAOR #985492 Report a problem
    11/22/2023Sold$4,500,000-2.2%$751/sqft
    Source: ECAOR #901990 Report a problem
    10/16/2023Pending sale$4,599,999$768/sqft
    Source: ECAOR #901990 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$32,938 +13.1%$3,605,971 +12.5%
    2023$29,114 +972.1%$3,204,119 +993.4%
    2022$2,716 +78%$293,040 +85.9%

    Find assessor info on the county website

    Neighborhood: 32459

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Van R Butler
    • 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.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $3,703,800
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    +$74,076
    With Zillow Showcase(estimated)
    $3,777,876