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170 Penelope Street, Miramar Beach, FL 32550 (MLS# 1002642)

170 Penelope Street, Miramar Beach, FL 32550

$1,600,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 2,475 Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $1,600,000 List Date: 5/08/2026 Last Modified: 6/25/2026

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!

Supplements: 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.

More Information MLS# 1002642

General Property Info

userdefined76: 5 Sub-Type: Detached Single Family Design: Beach House SqFt Source: County PA Records Immediate Occupancy: Yes Garage: Yes Carport: No Carport Spaces: 0 Covered Spaces: 0 Driveway Spaces: 4 Pool: Yes Pool Type: Community Apx SqFt(Htd/Cooled): 2475 Bedrooms: 4 Full Baths: 4 Total Bathrooms: 4 # Stories: 2 Year Built: 2018 Garage Spaces: 1 Acreage: 0.16

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 646.46 List Date: 2026-05-08 Current Price: $1,600,000 List Price: $1,600,000

Location, Tax and Legal

Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort Elementary School: Destin Middle School: Destin High School: South Walton 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

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 450 Annual Assessment Amount: 1800 Assessment Paid: Quarterly New Buyer Fee: Yes New Buyer Fee Amt: 300 New Buyer Fee Paid: $ Last Taxes: 8414.69 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: 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!

Construction Status

Construction Complete: 1

Parking Features

Garage Attached: 1

Lot/Parcel Access

City Road: 1

Lot Features

Coastal Barrier Zone: No Level: 1

Project Facilities

Gated Community: 1 Pool: 1 Short Term Rental - Allowed: 1

Construction/Siding

Concrete: 1 Roof Metal: 1

Utilities

Private Well: 1 Public Sewer: 1 Public Water: 1

Zoning

Resid Single Family: 1

Exterior

Patio Open: 1 Porch: 1

Interior

Newly Painted: 1

Financing

Conventional: 1 Other: 1

Appliances

Dishwasher: 1 Refrigerator: 1 Stove/Oven Electric: 1

Energy

AC - 2 or More: 1 AC - Central Elect: 1 Heat Cntrl Electric: 1 Storm Doors: 1 Storm Windows: 1 Water Heater - Elect: 1

Mstr Bdrm/Mstr Bath

MBath Double Vanity: 1 MBath Separate Shwr: 1

Master Bedroom

First: 1

Bedroom

Second: 1

Kitchen

First: 1

Living Room

First: 1

Full Bathroom

Second: 1

Rooms

Bedroom: 1 Covered Porch: 1 Dining Room: 1 Full Bathroom: 1 Garage: 1 Kitchen: 1 Living Room: 1 Master Bathroom: 1 Master Bedroom: 1 Office: 1

Fees Include

Management: 1 Master Association: 1 Services: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 15 - Miramar/Sandestin Resort Street #: 170 Street Name: Penelope Street Suffix: Street State: FL Zip Code: 32550 County: Walton Project Name/Subdivision: FRANGISTA BEACH 3rd ADDN Parcel ID: 29-2S-21-42060-00B-0070

Property Features

Construction Status: Construction Complete Lot Features: Level Zoning: Resid Single Family Parking Features: Garage Attached Project Facilities: Gated Community; Pool; Short Term Rental - Allowed Exterior: Patio Open; Porch Interior: Newly Painted Appliances: Dishwasher; Refrigerator; Stove/Oven Electric Utilities: Private Well; Public Sewer; Public Water Energy: AC - 2 or More; AC - Central Elect; Heat Cntrl Electric; Storm Doors; Storm Windows; Water Heater - Elect Master Bedroom: First Bedroom: Second Kitchen: First Living Room: First Full Bathroom: Second Rooms: Bedroom; Covered Porch; Dining Room; Full Bathroom; Garage; Kitchen; Living Room; Master Bathroom; Master Bedroom; Office Financing: Conventional; Other Fees Include: Management; Master Association; Services

Room Information

Garage Level: First Dimensions: 20 x 13 Length: 20.00 Width: 13.00 Dimensions: 20 x 13 Covered Porch Level: First Dimensions: 13 x 6 Length: 13.00 Width: 6.00 Dimensions: 13 x 6 Office Level: First Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Dimensions: 13 x 12 Living Room Level: First Dimensions: 17 x 12 Length: 17.00 Width: 12.00 Dimensions: 17 x 12 Kitchen Level: First Dimensions: 14 x 9 Length: 14.00 Width: 9.00 Dimensions: 14 x 9 Dining Room Level: First Dimensions: 13 x 9 Length: 13.00 Width: 9.00 Dimensions: 13 x 9 Master Bedroom Level: First Dimensions: 15 x 14 Length: 15.00 Width: 14.00 Dimensions: 15 x 14 Master Bathroom Level: First Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Dimensions: 13 x 12 Bedroom Level: Second Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Dimensions: 13 x 12 Full Bathroom Level: Second Dimensions: 12 x 10 Length: 12.00 Width: 10.00 Dimensions: 12 x 10 Bedroom Level: Second Dimensions: 14 x 11 Length: 14.00 Width: 11.00 Dimensions: 14 x 11 Full Bathroom Level: Second Dimensions: 12 x 10 Length: 12.00 Width: 10.00 Dimensions: 12 x 10
Listing Office: Corcoran Reverie SRB
Listing Agent: Jacklyn M Riley
Last Updated: June - 25 - 2026
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