Frangista Beach 3rd Addn Real Estate, Homes, Condos for Sale in Miramar Beach, FL

Located in the gated Villas of Frangista community within the highly desirable third addition of Frangista Beach, 61 Shelley's Way presents an exceptional opportunity to own a beautifully appointed coastal home in the heart of Miramar Beach. Featuring 4 bedrooms, 4 full bathrooms, a private pool, and access to a community pool, the property is ideally suited as a primary residence, second home, or income-producing short-term vacation rental. The home is being sold fully furnished with only a few minor exclusions, offering buyers a convenient and nearly turnkey ownership opportunity. Inside, the thoughtfully designed floor plan features an open-concept living, dining, and kitchen area filled with natural light and coastal-inspired finishes. Wood flooring, a soft neutral color palette, and an inviting layout create a bright and welcoming atmosphere for everyday living and entertaining. The kitchen is equipped with white quartz countertops, stainless steel appliances, a spacious island with seating, and a dedicated coffee and beverage bar complete with a wine chiller. Four well-appointed bedrooms, including a spacious primary suite, provide comfortable accommodations for family and guests, while multiple ensuite and adjacent bathrooms offer convenience and privacy. The outdoor living space is designed for enjoying Florida's year-round lifestyle. A covered porch overlooks the fenced backyard and private pool, creating an ideal setting for relaxing or entertaining. An outdoor living area with a fire feature, television, and generous patio space extends the home's living area outdoors, while the attached garage provides additional storage for beach gear and everyday convenience. The property also offers strong short-term vacation rental and investment potential. Current rental activity exceeds $55,000 for the year, despite scheduled owner usage and blocked dates. Rental projections indicate the potential to generate up to approximately $78,000 in annual gross rental revenue when made consistently available for guest use. Owners enjoy the privacy and security of a gated neighborhood along with access to the community pool. While the property does not include deeded private beach access, the Miramar Beach Regional Public Beach Access adjacent to Pompano Joe's is just a quick golf-cart or bike ride away. One of the area's premier public beach accesses, it offers convenient parking, restrooms, showers, bike racks, ADA accessibility, and seasonal lifeguards. Perfectly positioned in the heart of Miramar Beach, the home places you just minutes from the white-sand beaches of the Emerald Coast, Silver Sands Premium Outlets, Grand Boulevard, Sandestin Golf and Beach Resort, championship golf, dining, entertainment, and grocery shopping. Scenic Highway 30A and its iconic beach communities are only a short drive away, while Destin's world-class fishing, boating, restaurants, and shopping are equally convenient. Whether you are searching for a full-time residence, luxurious second home, or furnished income-producing investment property, 61 Shelley's Way delivers an outstanding combination of location, privacy, rental potential, outdoor living, and coastal lifestyle in one of Miramar Beach's most desirable gated communities.

61 Shelleys Way, Miramar Beach

$949,900

4 Beds ⋅ 4 Baths ⋅ 1003309 MLS

Situated on a large corner lot on the South end of sought-after gated community of Frangista Beach, 143 Penelope St is a fully furnished beach home and includes a 6 seat golf cart and a proven rental history as well! The main level of the home features a large and open living room with lots of seating, spacious luxury kitchen with granite counters stainless steel appliances, and a breakfast bar, dining area, as well as a guest room and full bathroom. The second level of the home features three more bedrooms including the primary one, all with their own private full bathrooms. The fenced-in back yard features a comfy back porch that is perfect for evening relaxation and grilling. The community pool is just short walk or golf cart ride away. The Villas of Frangista Beach is conveniently located in the heart of Miramar Beach and offers easy access to everything this area is known for. Ride your golf cart to the beach, Silver Sands Outlets, The Destin Commons, or any of the many beach front restaurants including Whale's Tale, Pompano Joe's, The Crab Trap, Surf Hut, and more! This home makes for the perfect primary home, vacation home, or rental property. Come take a look! Buyer to please verify all information contained herein.

143 Penelope St, Miramar Beach

$1,575,000

4 Beds ⋅ 4 Baths ⋅ 1002642 MLS

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.

170 Penelope St, Miramar Beach

$995,000

3 Beds ⋅ 4 Baths ⋅ 996543 MLS

Located in the gated community of Villas of Frangista in Miramar Beach, this spacious 3-bedroom short-term rental with a bonus bunk area and 4 full bathrooms offers comfort and flexibility. The well-designed layout provides generous living and entertaining space, ideal for a second home or STR investment. Each bedroom has access to a full bath, while the additional bunk area increases sleeping capacity. Residents and guests enjoy access to a large community pool. Just one mile from the largest public beach access in Miramar Beach and minutes from Silver Sands Premium Outlets and Destin Commons, this property combines location, lifestyle, and rental potential in one of the area's most desirable communities.

18 Lakeland Dr, Miramar Beach

$2,550,000

9 Beds ⋅ 10 Baths ⋅ 899696 MLS

PENDING. TAKING BACK UP OFFERS. Located in highly desired Villas of Frangista Beach HOA, this rental powerhouse will be amazing! Projected to bring $280,000-$340,000 in gross rental income. Surrounded by natural preserve on the back of the property it is estimated to be completed at the end of May 2023. This 9 bedroom, 9.5 bath home with a private pool and several lounging areas offers everything vacation renters are looking for. Carefully designed to maximize owner's rental income, it will sleep 26 people with 2 bedrooms to have bunk beds and 7 bedroom suites big enough for king size beds. Ship-lap finishes, quartz countertops in the kitchen and all bathrooms, island with quartz waterfall side walls, shaker white cabinets, stainless steel energy efficient appliances, LVP flooring are some of the key features of the house. This home has a EV charger outside and includes a 6 seater electric golf cart. Can be provided furnished for an additional consideration.

117 Lakeland Dr, Miramar Beach

$950,000

4 Beds ⋅ 4 Baths ⋅ 984963 MLS

Coastal retreat in Frangista Beach! This fully furnished 4BR/4BA home is located in a highly sought-after gated community, offering luxury living and excellent short-term rental potential. The two-story residence boasts timeless curb appeal with lush landscaping and a one-car garage. Inside, the open-concept main level is bright and inviting, featuring a spacious living area and a well-appointed kitchen with granite countertops, stainless steel appliances, and ample storage. The first floor includes a guest bedroom with a full bath, while upstairs you'll find the master suite, two additional bedrooms—including one with built-in double bunks—and a loft with a daybed. Each bedroom has its own bathroom, ensuring comfort and privacy for all. Step outside to a private backyard with a covered patio, ideal for outdoor dining or relaxing in the Florida sunshine. The yard is large enough to add a pool, further enhancing rental income and guest appeal. Frangista Beach residents and guests enjoy gated security, a community pool, and close proximity to the sugar-white sands of the Emerald Coast. Shopping, dining, and entertainment in Miramar Beach are just minutes away, making this property perfectly positioned for both personal enjoyment and investment success. Don't miss this opportunity to own a proven short-term rental in one of the Emerald Coast's most desirable communities!

274 Lakeland Dr, Miramar Beach

$699,000

970014 MLS

Great Vacant Lot overlooking a pond in a Private and Exclusive Gated Neighborhood. The Villas at Frangista Beach sit just a few blocks from the beach. The Villas has a community pool and clubhouse. New homes are being built now and the lots are selling quickly. Lot 28 is also available adjacent to this parcel. Lot 28 also available Buyer to verify all dimensions and details.

Lot 29 Shelley South, Miramar Beach

$699,000

970013 MLS

Great Vacant Lot overlooking a pond in a Private and Exclusive Gated Neighborhood. The Villas at Frangista Beach sit just a few blocks from the beach. The Villas has a community pool and clubhouse. New homes are being built now and the lots are selling quickly. Lot 29 is also available adjacent to this parcel. Buyer to verify all dimensions and details.

LOT 28 Shelley's, Miramar Beach

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