170 Penelope ST Miramar Beach, FL 32550
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,475 sqft
Price per Sqft $618
Subdivision Frangista Beach 3Rd Addn
MLS Listing ID 1002642
Style Beach House
Bedrooms 4
Full Baths 4
HOA Fees $450/qua
HOA Y/N Yes
Year Built 2018
Annual Tax Amount $8,414
Tax Year 2025
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50x100
Property Sub-Type Detached Single Family
Source Emerald Coast Association of REALTORS®
Land Area 2475
Property Description
There are beach houses you visit--and then there are beach houses that become part of your family's story.
Tucked within the highly sought-after Frangista Beach community of Miramar Beach, 170 Penelope Street offers the rare opportunity to own a home where the best of the Emerald Coast is remarkably close, yet everyday life still feels private and relaxed. Just imagine mornings beginning with coffee on the coast, afternoons spent at the beach, and evenings gathered around the table with the people you love most.
Designed with both owners and guests in mind, this spacious four-bedroom home offers an inviting open-concept layout with multiple sleeping areas, generous gathering spaces, and the flexibility today's beach buyers are looking for. Whether you're creating your family's own coastal retreat, hosting extended family and friends, or looking for a property that can generate meaningful rental income when you're away, the home adapts beautifully to the way you want to enjoy the beach. And then there's the backyard.
With room for a private pool, the property offers an exciting opportunity to create an even more elevated outdoor retreat--and potentially make an already compelling vacation property even more desirable to future guests.
Frangista Beach is the kind of location buyers search for when they want to experience Miramar Beach without sacrificing convenience. The beach, restaurants, shopping, golf and entertainment are all close by, with the area being particularly well suited to walking, biking and golf-cart living.
For those looking at the property through an investment lens, the opportunity becomes even more compelling. Short-term rentals are permitted, and the home has demonstrated strong rental performance, making it possible to enjoy the property personally while allowing it to work for you when you're away.
But the numbers are only part of the story.
The real value is owning a place where your children can grow up knowing exactly which beach access to take, where extended family can gather for another summer together, and where a week at the beach can eventually become a lifetime of memories.
170 Penelope Street isn't simply an investment in Miramar Beach. It's an opportunity to own the place where the memories happen.
Bring your offer and come see why this Frangista Beach retreat deserves a closer look.
Location
State FL
County Walton
Community Short Term Rental - Allowed, Gated Community, Pool
Area 15 - Miramar/Sandestin Resort
Zoning Resid Single Family
Direction From Scenic Gulf Drive, turn on Miami Street and go through the coded gate. Turn at your first left on Penelope and it will be immediately on your left.
Rooms
Primary Bedroom Level Main
Master Bedroom true
Dining Room true
Kitchen true
Interior
Interior Features Newly Painted
Heating Central
Cooling Central Air
Window Features Storm Windows
Appliance Dishwasher, Refrigerator, Stove/Oven Electric, Water Heater - Elect
Exterior
Exterior Feature Open Patio, Porch
Garage Spaces 1.0
Pool Pool Type
Community Features Short Term Rental - Allowed, Gated Community, Pool
Utilities Available Public Water
Roof Type Metal
Porch Patio Open, Porch
Road Frontage City Street
Garage Yes
Building
Lot Description Level
Faces From Scenic Gulf Drive, turn on Miami Street and go through the coded gate. Turn at your first left on Penelope and it will be immediately on your left.
Story 2
Sewer Public Sewer
Water Well
Architectural Style Beach House
New Construction No
Schools
Elementary Schools Destin
Middle Schools Destin
High Schools South Walton
Others
Pets Allowed No
HOA Fee Include Management, Master Association
Tax ID 29-2S-21-42060-00B-0070
NEARBY SCHOOL & BUSINESS
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