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    12 Penelope Street

    Miramar Beach, FL 32550
    • $1,599,000
    • STATUS: Pending
    • ON SITE: 23 days
    • MLS #: 867944
    Pending
    $1,599,000
    • 8
      BEDS
    • 0.14
      ACRES
    • 7
      BATHS
    • 1
      1/2 BATHS
    • 3,249
      SQFT
    • $492
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    2019
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Immaculate recently constructed home, primely positioned in the upscale Villas of Frangista Beach neighborhood, offers exceptional turnkey rental income. With gross revenue of $156k (actual rental rate, not including taxes, fees, cleaning, etc.) in 2020, and over $125k already booked with projections to reach $165k in 2021, this home is a proven rental machine. Purposefully designed from the ground up to achieve top rental income and vacation living, this home features 8 bedrooms and 7.5 baths, with a 3rd floor entertainment suite and a resort-style pool. Upscale finishes include granite and quartz counters, an oversized kitchen with modern stainless steel appliances, and a large open floor plan designed to entertain and flow with the outdoor amenities.Each level contains wide covered porches and balconies, ensuite baths, and large kingbedrooms. The entire 3rd floor offers an entertainment haven with a king resort-style suite, a kitchenette and bar area, and a gaming center with a bunk for additional sleeping. Complemented by a backyard oasis featuring the private, heated saltwater pool, grilling area, and custom landscaping, this home also includes a brand new six-seater golf cart (under current management company) with oversized pavered parking for 6 full-size vehicles. The Villas of Frangista Beach offers 2 deeded beach accesses directly south, a community pool, and a private community setting to enjoy the beach life, all while being in the heart of the world class dining, shopping, entertainment and golf courses the Emerald Coast has to offer.

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    © 2021 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Beach Properties of Florida. Data last updated: 2021-04-22T00:00:23.787.
    www.30arealestate.com/homes/115579231
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    12 Penelope Street Miramar Beach, FL 32550

    • Price: $1,599,000
    • Status: Pending
    • MLS #: 867944
    8
    Beds
    7
    Baths
    1
    ½ Baths
    0.14
    Acres
    3,249
    SQFT
    $492
    $/SQFT
    2019
    Built
    Neighborhood:
    Frangista Beach 2Nd Addn
    County:
    Walton
    Area:
    Miramar/Sandestin Resort
    Elementary School:
    Van R Butler
    Middle School:
    Emerald Coast
    High School:
    South Walton
    Property Description
    Immaculate recently constructed home, primely positioned in the upscale Villas of Frangista Beach neighborhood, offers exceptional turnkey rental income. With gross revenue of $156k (actual rental rate, not including taxes, fees, cleaning, etc.) in 2020, and over $125k already booked with projections to reach $165k in 2021, this home is a proven rental machine. Purposefully designed from the ground up to achieve top rental income and vacation living, this home features 8 bedrooms and 7.5 baths, with a 3rd floor entertainment suite and a resort-style pool. Upscale finishes include granite and quartz counters, an oversized kitchen with modern stainless steel appliances, and a large open floor plan designed to entertain and flow with the outdoor amenities.Each level contains wide covered porches and balconies, ensuite baths, and large kingbedrooms. The entire 3rd floor offers an entertainment haven with a king resort-style suite, a kitchenette and bar area, and a gaming center with a bunk for additional sleeping. Complemented by a backyard oasis featuring the private, heated saltwater pool, grilling area, and custom landscaping, this home also includes a brand new six-seater golf cart (under current management company) with oversized pavered parking for 6 full-size vehicles. The Villas of Frangista Beach offers 2 deeded beach accesses directly south, a community pool, and a private community setting to enjoy the beach life, all while being in the heart of the world class dining, shopping, entertainment and golf courses the Emerald Coast has to offer.
    Exterior Features

    Construction Siding Roof MetalSiding CmntfbrhrdbrdSlab Design Beach House Driveway Spaces 6.00 Exterior Features BalconyColumnsFenced Lot-PartPool - Gunite ConcrtPool - HeatedPool - In-GroundPorchShowerSprinkler System Lot Dimensions 61X100 Lot Features Survey AvailableWithin 1/2 Mile To Water Lot Parcel Access Paved RoadPrivate Road Parking Features Oversized Pool Yes Pool Type Private

    Interior Features

    Appliances DishwasherDisposalDryerMicrowaveRange HoodRefrigeratorRefrigerator W/IcemkStove/Oven ElectricWasher Bedroom Additional FirstSecondThird Energy Ac - 2 Or MoreAc - Central ElectHeat Cntrl ElectricWater Heater - TnklsWater Heater - Two + Interior Features Ceiling Crwn MoldingFloor VinylFurnished - AllKitchen IslandOwner's ClosetWindow Treatment All Kitchen First Master Bed And Bath Mbath Cultured MrbleMbed Balcony Rooms BedroomDining AreaGreat RoomKitchen Sq Ft Source County Pa Records Total Baths 8.00

    Property Features

    As Is No Assessment Amount 425.00 Assessment Fees Yes Assessment Paid Quarterly Brokerage Interest No Interest Fees Include AccountingManagementMaster AssociationRecreational Faclty Homestead No Immediate Occupancy No Last Tax Year 2020 Last Taxes 5386.48 Listing Board Emerald Coast New Buyer Fee Yes New Buyer Fee Amount 150.0000 New Buyer Fee Paid $ Project Facilities Gated CommunityPool Utilities ElectricPublic SewerPublic Water Zoning Resid Single Family

    Listing courtesy of Engel & Volkers 30A Beaches.


    © 2021 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Beach Properties of Florida. Data last updated: 2021-04-22T00:00:23.787.
     
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