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
Documents
Listing Office:
Corcoran Reverie SRB
Listing Agent:
Jacklyn M Riley
Last Updated: June - 25 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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