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21 Penny Lane, Santa Rosa Beach, FL 32459

$4,150,000
Property Type: Residential Bedrooms: 10 Baths: 11 Square Footage: 5,992 Status: Active
Current Price: $4,150,000 List Date: 9/16/2025 Last Modified: 9/20/2025

Description

Checks Every Box: NO HOA!, Gulf views, sleeps 24, 10 bedrooms, 11 bathrooms, private heated pool, pink Moke included, giant rec/game room, 5 driveway spaces, elite location. Using Bonus Depreciation an investor can obtain over $1,000,000 tax deduction in 2025. This home can handle multiple families and is completely turn-key ready and in immaculate condition. Seller did a complete head-to-toe refresh including furniture, decor, and window treatments. Luxury finishes throughout including ceiling beams, marble, custom bunks and pool waterfall. The first floor open concept with sliding doors creates the perfect beach vacation atmosphere. All the work has been meticulously done for you and this asset is ready to produce. Everything you see is included, don't wait for interest rates to drop.

Supplements: All information and dimensions to be verified by buyer.

More Information MLS# 985492

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 692.59 List Date: 2025-09-16 Current Price: $4,150,000 List Price: $4,150,000

Location, Tax and Legal

Sub Area: 1703 - Santa Rosa Beach and S of 98 East of 393 Elementary School: Van R Butler Middle School: Emerald Coast High School: South Walton Legal Description: Com Sw/Cor Gov Lot 25,S 87 Deg 52'57''E 133.00 Ft For Pob,N 02 Deg 58'03''E 110.08 Ft,S 87 Deg 57'11''E 100.00 Ft,S 02 Deg 55' 29''W 110.20 Ft,N 87 Deg 52'57'' W 100.00 Ft To Pob Being In Sec 02-3S-20W Or 3308-3580

General Property Info

Sub-Type: Detached Single Family Design: Beach House SqFt Source: Building Plan Immediate Occupancy: Yes Garage: Yes Carport: No Driveway Spaces: 5 Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 5992 Bedrooms: 10 Full Baths: 9 Half Baths: 2 Total Bathrooms: 11 # Stories: 3 Year Built: 2022 Garage Spaces: 2

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: Checks Every Box: NO HOA!, Gulf views, sleeps 24, 10 bedrooms, 11 bathrooms, private heated pool, pink Moke included, giant rec/game room, 5 driveway spaces, elite location. Using Bonus Depreciation an investor can obtain over $1,000,000 tax deduction in 2025. This home can handle multiple families and is completely turn-key ready and in immaculate condition. Seller did a complete head-to-toe refresh including furniture, decor, and window treatments. Luxury finishes throughout including ceiling beams, marble, custom bunks and pool waterfall. The first floor open concept with sliding doors creates the perfect beach vacation atmosphere. All the work has been meticulously done for you and this asset is ready to produce. Everything you see is included, don't wait for interest rates to drop.

Construction Status

Construction Complete: 1

Parking Features

Garage Attached: 1

Waterview

Gulf: 1

Lot/Parcel Access

Paved Road: 1

Lot Features

Level: 1 Within 1/2 Mile to Water: 1

Construction/Siding

Frame: 1 Roof Pitched: 1 Roof Tile/Slate: 1 Stucco: 1 Trim Vinyl: 1

Utilities

Electric: 1 Gas - Natural: 1 Public Sewer: 1 Public Water: 1 TV Cable: 1

Zoning

Resid Single Family: 1

Exterior

Balcony: 1 BBQ Pit/Grill: 1 Fenced Back Yard: 1 Fenced Privacy: 1 Hot Tub: 1 Lawn Pump: 1 Patio Covered: 1 Patio Open: 1 Pool - Gunite Concrt: 1 Pool - Heated: 1 Pool - In-Ground: 1 Porch: 1 Shower: 1 Sprinkler System: 1 Summer Kitchen: 1

Interior

Breakfast Bar: 1 Ceiling Crwn Molding: 1 Ceiling Raised: 1 Elevator: 1 Fireplace: 1 Fireplace 2+: 1 Fireplace Gas: 1 Floor Hardwood: 1 Floor Tile: 1 Furnished - All: 1 Hallway Bunk Beds: 1 Kitchen Island: 1 Lighting Recessed: 1 Owner's Closet: 1 Pantry: 1 Pull Down Stairs: 1 Shelving: 1 Upgraded Media Wing: 1 Washer/Dryer Hookup: 1 Wet Bar: 1 Window Treatmnt Some: 1 Woodwork Painted: 1

Financing

Conventional: 1

Appliances

Auto Garage Door Opn: 1 Cooktop: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Freezer: 1 Ice Machine: 1 Microwave: 1 Oven Double: 1 Range Hood: 1 Refrigerator W/IceMk: 1 Smoke Detector: 1 Stove/Oven Gas: 1 Washer: 1 Wine Refrigerator: 1

Energy

AC - 2 or More: 1 AC - Central Elect: 1 Ceiling Fans: 1 Double Pane Windows: 1 Heat Cntrl Electric: 1 Insulated Doors: 1 Water Heater - Gas: 1 Water Heater - Tnkls: 1

Mstr Bdrm/Mstr Bath

MBath Cultured Mrble: 1 MBath Double Vanity: 1 MBath Dressing Area: 1 MBath Separate Shwr: 1 MBath Tile: 1 MBath Walk-In Closet: 1 MBed Balcony: 1 MBed Walk-in Closet: 1

Bedroom

First: 1 Second: 1 Third: 1

Kitchen

Second: 1

Living Room

Second: 1

Rooms

Bedroom: 1 Bonus Room: 1 Kitchen: 1 Living Room: 1 Recreation Room: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 17 - 30A West Street #: 21 Street Name: Penny Street Suffix: Lane State: FL Zip Code: 32459 County: Walton Project Name/Subdivision: Colleen's Cove Parcel ID: 02-3S-20-34160-000-0254

Property Features

Construction Status: Construction Complete Lot Features: Level; Within 1/2 Mile to Water Zoning: Resid Single Family Waterview: Gulf Parking Features: Garage Attached Exterior: Balcony; BBQ Pit/Grill; Fenced Back Yard; Fenced Privacy; Hot Tub; Lawn Pump; Patio Covered; Patio Open; Pool - Gunite Concrt; Pool - Heated; Pool - In-Ground; Porch; Shower; Sprinkler System; Summer Kitchen Interior: Breakfast Bar; Ceiling Crwn Molding; Ceiling Raised; Elevator; Fireplace; Fireplace 2+; Fireplace Gas; Floor Hardwood; Floor Tile; Furnished - All; Hallway Bunk Beds; Kitchen Island; Lighting Recessed; Owner's Closet; Pantry; Pull Down Stairs; Shelving; Upgraded Media Wing; Washer/Dryer Hookup; Wet Bar; Window Treatmnt Some; Woodwork Painted Appliances: Auto Garage Door Opn; Cooktop; Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Oven Double; Range Hood; Refrigerator W/IceMk; Smoke Detector; Stove/Oven Gas; Washer; Wine Refrigerator Utilities: Electric; Gas - Natural; Public Sewer; Public Water; TV Cable Energy: AC - 2 or More; AC - Central Elect; Ceiling Fans; Double Pane Windows; Heat Cntrl Electric; Insulated Doors; Water Heater - Gas; Water Heater - Tnkls Bedroom: First; Second; Third Kitchen: Second Living Room: Second Rooms: Bedroom; Bonus Room; Kitchen; Living Room; Recreation Room Financing: Conventional

Room Information

Bedroom Level: First Dimensions: 13.17 x 15.33 Length: 13.17 Width: 15.33 Dimensions: 13.17 x 15.33 Bedroom Level: First Dimensions: 14.17 x 14.67 Length: 14.17 Width: 14.67 Dimensions: 14.17 x 14.67 Bedroom Level: First Dimensions: 13.58 x 14.25 Length: 13.58 Width: 14.25 Dimensions: 13.58 x 14.25 Recreation Room Level: First Dimensions: 31.83 x 19.9 Length: 31.83 Width: 19.90 Dimensions: 31.83 x 19.9 Bedroom Level: Second Dimensions: 14.75 x 18.75 Length: 14.75 Width: 18.75 Dimensions: 14.75 x 18.75 Bedroom Level: Second Dimensions: 14.67 x 14.67 Length: 14.67 Width: 14.67 Dimensions: 14.67 x 14.67 Living Room Level: Second Dimensions: 25.17 x 19.9 Length: 25.17 Width: 19.90 Dimensions: 25.17 x 19.9 Kitchen Level: Second Dimensions: 18.42 x 18.67 Length: 18.42 Width: 18.67 Dimensions: 18.42 x 18.67 Bedroom Level: Third Dimensions: 14.58 x 18.75 Length: 14.58 Width: 18.75 Dimensions: 14.58 x 18.75 Bedroom Level: Third Dimensions: 14.33 x 11.42 Length: 14.33 Width: 11.42 Dimensions: 14.33 x 11.42 Bedroom Level: Third Dimensions: 14.33 x 13.17 Length: 14.33 Width: 13.17 Dimensions: 14.33 x 13.17 Bonus Room Level: Third Dimensions: 23.33 x 12 Length: 23.33 Width: 12.00 Dimensions: 23.33 x 12
Listing Office: Stay on 30A Realty
Last Updated: September - 20 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

Grayton Corners | 32 East County Highway 30-A, Suite J | Santa Rosa Beach, FL 32459
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