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14 Blue Wave Drive, Santa Rosa Beach, FL 32459 (MLS# 1007386)

14 Blue Wave Drive, Santa Rosa Beach, FL 32459

$8,995,000
Property Type: Residential Bedrooms: 18 Baths: 24 Square Footage: 17,088 Lot Size (sq. ft.): 35,719 Status: Active
Current Price: $8,995,000 List Date: 7/10/2026 Last Modified: 8/21/2026

Description

JUST COMPLETED! New Construction 6-Unit Portfolio Available - Blu Wave at Blue Mountain Beach Just Completed! This is a rare chance to acquire all six luxurious townhomes in the exclusive Blu Wave boutique development as a complete package. Brand-new construction, this turnkey investment is poised to generate gross rental revenue potential exceeding $700,000+ per year. Each of the six residences delivers 2,848 square feet of heated and cooled living space, plus expansive outdoor living areas designed for maximum coastal appeal. The standout feature is an expansive rooftop terrace with a wood pergola--perfect for installing a hot tub, entertaining guests, or capturing unforgettable Gulf sunsets. Multiple balconies off the open living areas and third-floor primary suites create seamless indoor-outdoor flow and deliver panoramic views of Draper Lake and the Gulf. Interiors are built for both luxury living and strong rental performance, featuring a second-floor open-concept layout that seamlessly integrates the kitchen, dining, and living spaces--ideal for entertaining and everyday enjoyment. Each townhome includes three spacious bedrooms with ensuite baths, a convenient guest powder room, and a three-stop elevator for effortless multi-level access. Ample carport-style parking beneath each unit easily accommodates multiple vehicles and guests. Located in the serene, low-traffic enclave of Blue Mountain Beach along Scenic Highway 30A, Blu Wave benefits from

Supplements: one of the most desirable addresses on Florida's Emerald Coast. The area is famous for its towering sand dunes, sugar-white beaches, turquoise waters, and rare coastal dune lakes like Draper Lake. This quieter, more exclusive vibe compared to busier neighboring communities supports premium rental rates and strong year-round demand from discerning vacationers and seasonal residents. Investment highlights " Brand new construction - immediate income potential upon completion " Limited to just six units total - exclusivity drives higher occupancy and rates " Exceptional rental upside with projected gross revenues over $700,000+ annually for the full portfolio " Luxury and breathtaking views that command top-tier nightly/weekly rates " Prime 30A location with strong appreciation history and consistent tourism demand Blu Wave perfectly combines sophisticated coastal luxury, privacy, and outstanding income-generating potential in one of South Walton's most coveted beach communities.

More Information MLS# 1007386

General Property Info

userdefined76: 18 Sub-Type: Attached Single Unit Design: Townhome SqFt Source: Building Plan Immediate Occupancy: No Garage: No Carport: Yes Carport Spaces: 18 Pool: No Pool Type: None Apx SqFt(Htd/Cooled): 17088 Bedrooms: 18 Full Baths: 18 Half Baths: 6 Total Bathrooms: 24 # Stories: 3 Year Built: 2026 Acreage: 0.82

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 526.39 List Date: 2026-07-10 Current Price: $8,995,000 List Price: $8,995,000

Location, Tax and Legal

Sub Area: 1703 - Santa Rosa Beach and S of 98 East of 393 Elementary School: Dune Lakes Middle School: Emerald Coast High School: South Walton Legal Description: TBD

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 4400 Annual Assessment Amount: 4400 Assessment Paid: Annually New Buyer Fee: Yes New Buyer Fee Amt: 1000 New Buyer Fee Paid: $ Last Taxes: 8318.24 Last Tax Year: 2025 Brokerage Interest: Equitable Interest - Listing Broker/Salesperson has equitable interest in the property. As Is: No

Remarks & Misc

Remarks: JUST COMPLETED! New Construction 6-Unit Portfolio Available - Blu Wave at Blue Mountain Beach Just Completed! This is a rare chance to acquire all six luxurious townhomes in the exclusive Blu Wave boutique development as a complete package. Brand-new construction, this turnkey investment is poised to generate gross rental revenue potential exceeding $700,000+ per year. Each of the six residences delivers 2,848 square feet of heated and cooled living space, plus expansive outdoor living areas designed for maximum coastal appeal. The standout feature is an expansive rooftop terrace with a wood pergola--perfect for installing a hot tub, entertaining guests, or capturing unforgettable Gulf sunsets. Multiple balconies off the open living areas and third-floor primary suites create seamless indoor-outdoor flow and deliver panoramic views of Draper Lake and the Gulf. Interiors are built for both luxury living and strong rental performance, featuring a second-floor open-concept layout that seamlessly integrates the kitchen, dining, and living spaces--ideal for entertaining and everyday enjoyment. Each townhome includes three spacious bedrooms with ensuite baths, a convenient guest powder room, and a three-stop elevator for effortless multi-level access. Ample carport-style parking beneath each unit easily accommodates multiple vehicles and guests. Located in the serene, low-traffic enclave of Blue Mountain Beach along Scenic Highway 30A, Blu Wave benefits from

Construction Status

Under Construction: 1

Parking Features

Carport: 1 Carport Attached: 1 Covered: 1

Waterview

Gulf: 1 Lake: 1

Lot/Parcel Access

County Road: 1 Paved Road: 1

Lot Features

Covenants: 1 Restrictions: 1 Within 1/2 Mile to Water: 1

Utilities

Electric: 1

Zoning

Resid Multi-Family: 1

Interior

Elevator: 1 Furnished - None: 1

Appliances

Dishwasher: 1 Microwave: 1 Refrigerator: 1 Smoke Detector: 1

Energy

AC - Central Elect: 1 Ceiling Fans: 1

Master Bedroom

Second: 1

Bedroom

First: 1 Second: 1

Living Room

First: 1

Rooms

Balcony: 1 Bedroom: 1 Dining Area: 1 Living Room: 1 Master Bedroom: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 17 - 30A West Street #: 14 Street Name: Blue Wave Street Suffix: Drive State: FL Zip Code: 32459 County: Walton Project Name/Subdivision: Blu Wave Luxury Residences Parcel ID: 01-3S-20-34030-000-00B0

Property Features

Construction Status: Under Construction Lot Features: Covenants; Restrictions; Within 1/2 Mile to Water Zoning: Resid Multi-Family Waterview: Gulf; Lake Parking Features: Carport; Carport Attached; Covered Interior: Elevator; Furnished - None Appliances: Dishwasher; Microwave; Refrigerator; Smoke Detector Utilities: Electric Energy: AC - Central Elect; Ceiling Fans Master Bedroom: Second Bedroom: First; Second Living Room: First Rooms: Balcony; Bedroom; Dining Area; Living Room; Master Bedroom

Room Information

Dining Area Level: First Dimensions: 13.11 x 9.11 Length: 13.11 Width: 9.11 Remarks: Per Unit Dimensions: 13.11 x 9.11 Living Room Level: First Dimensions: 18.9 x 16.4 Length: 18.90 Width: 16.40 Remarks: Per Unit Dimensions: 18.9 x 16.4 Balcony Level: First Dimensions: 19.3 x 7 Length: 19.30 Width: 7.00 Remarks: Per Unit Dimensions: 19.3 x 7 Bedroom Level: First Dimensions: 12.11 x 12.2 Length: 12.11 Width: 12.20 Remarks: Per Unit Dimensions: 12.11 x 12.2 Master Bedroom Level: Second Dimensions: 13.11 x 16.11 Length: 13.11 Width: 16.11 Remarks: Per Unit Dimensions: 13.11 x 16.11 Bedroom Level: Second Dimensions: 12.9 x 12.2 Length: 12.90 Width: 12.20 Remarks: Per Unit Dimensions: 12.9 x 12.2 Balcony Level: Second Dimensions: 19.3 x 7 Length: 19.30 Width: 7.00 Remarks: Per Unit Dimensions: 19.3 x 7 Bedroom Level: First Dimensions: 12.1 x 12.2 Length: 12.10 Width: 12.20 Dimensions: 12.1 x 12.2 Master Bedroom Level: Second Dimensions: 13.11 x 16.11 Length: 13.11 Width: 16.11 Dimensions: 13.11 x 16.11 Bedroom Level: Second Dimensions: 12.9 x 12.2 Length: 12.90 Width: 12.20 Dimensions: 12.9 x 12.2 Bedroom Level: First Dimensions: 12.1 x 12.2 Length: 12.10 Width: 12.20 Dimensions: 12.1 x 12.2 Bedroom Level: Second Dimensions: 12.9 x 12.2 Length: 12.90 Width: 12.20 Dimensions: 12.9 x 12.2 Master Bedroom Level: Second Dimensions: 13.11 x 16.11 Length: 13.11 Width: 16.11 Dimensions: 13.11 x 16.11 Bedroom Level: First Dimensions: 12.1 x 12.2 Length: 12.10 Width: 12.20 Dimensions: 12.1 x 12.2 Bedroom Level: Second Dimensions: 12.9 x 12.2 Length: 12.90 Width: 12.20 Dimensions: 12.9 x 12.2 Master Bedroom Level: Second Dimensions: 13.11 x 16.11 Length: 13.11 Width: 16.11 Dimensions: 13.11 x 16.11 Bedroom Level: First Dimensions: 12.1 x 12.2 Length: 12.10 Width: 12.20 Dimensions: 12.1 x 12.2 Bedroom Level: Second Dimensions: 12.9 x 12.2 Length: 12.90 Width: 12.20 Dimensions: 12.9 x 12.2 Master Bedroom Level: Second Dimensions: 13.11 x 16.11 Length: 13.11 Width: 16.11 Dimensions: 13.11 x 16.11 Bedroom Level: First Dimensions: 12.1 x 12.2 Length: 12.10 Width: 12.20 Dimensions: 12.1 x 12.2
Listing Office: Scenic Sotheby's International Realty
Listing Agent: Stuart Kirby
Last Updated: August - 21 - 2026
Broker Attribution: stuart.kirby@scenicsir.com

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