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170 Penelope St, Miramar Beach, FL 32550

$1,575,000
4
BD
4
BA
2,475
SqFt

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List Price
$1,575,000
Price Change
▼ $5,000 1784789255
Days on Market
80
MLS#
1002642
Status
ACTIVE
Type
Single Family Residential
Subtype
Detached Single Family
Bedrooms
4
Bathrooms
4
Full Bathrooms
4
Living Area
2,475
Lot Size
6,969
Neighborhood
Miramar Beach S. of 98 w/exception of Sandestin Resort

Property Description

150K+ IN RENTAL! WOW! Built with both guests and owners in mind, the spacious floor plan offers multiple sleeping areas, open-concept living spaces, and the features today's renters are looking for in a premium beach destination. BRING AN OFFER! Motivated! Whether you're expanding your investment portfolio or searching for a beach home that can generate income when you're away, this property checks all the boxes. One of the standout features is the backyard, which offers room for a private pool--a highly desirable amenity that could significantly enhance rental appeal and income potential. With short-term rentals permitted, investors have the opportunity to further increase the property's earning power by creating the ultimate beach retreat. Guests will love the proximity to the beach, nearby restaurants, shopping, golf, and entertainment, all accessible by foot, bike, or golf cart. Located in the highly sought-after Frangista Beach community, 170 Penelope Street offers investors the opportunity to own in one of Miramar Beach's most established and desirable vacation rental neighborhoods. Known for its beach access, charming coastal architecture, golf-cart-friendly streets, and proximity to Destin's best attractions, Frangista Beach continues to attract families and vacationers year after year. EASY SHOW! BRING AN OFFER! Whether you're looking for a long-term investment, vacation rental potential, or a second home to make your own, this property checks all the boxes.

Additional Information

Acres
0.16
Appliances
Dishwasher, Refrigerator, Electric Water Heater
Style
Beach House
Elementary School
Destin
High School
South Walton
Interior Features
Newly Painted
Legal Description
Lot 7 Blk B Frangista Beach 3rd Addition Pb 17-71 Or 2728-3305 &-3343 &-3421 Or 2805-2265 Or 2888-4250 Or 2928-1330 Or 2964-3695 Or 3058-267 Or 3080-1564
Lot Features
Level
Middle School
Destin
Neighborhood
Miramar Beach S. of 98 w/exception of Sandestin Resort
Community Features
Gated, Pool, Short Term Rental Allowed
Stories
2
Subdivision
Frangista Beach 3rd Addn
Year Built
2018
Zoning
Resid Single Family

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Corcoran Reverie SRB.

Vendor Member Number : 28166