19 Penelope St, Miramar Beach, FL 32550
- $2,100,000
- 8
- BD
- 8
- BA
- 3,623
- SqFt
- Sold Price
- $2,100,000
- List Price
- $2,295,000
- Closing Date
- Oct 23, 2023
- Days on Market
- 207
- MLS#
- 920056
- Status
- CLOSED
- Type
- Single Family Residential
- Subtype
- Detached Single Family
- Bedrooms
- 8
- Bathrooms
- 8
- Full Bathrooms
- 8
- Living Area
- 3,623
- Neighborhood
- 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
Property Description
Why wait for construction to finish when you can enjoy the perks of a modern, fully-furnished coastal home and earn rental income right away? Situated in the sought-after gated community of Frangista Beach, 19 Penelope boasts a prime location near the beach and a proven track record of generating impressive ROI. With the rental season about to kick into high gear, this stunning property - which was completed in 2022 - is the perfect investment opportunity. Featuring 8 spacious bedrooms that can accommodate up to 24 guests, along with a private heated pool, 19 Penelope is ideal for multiple families looking to create lasting memories. What sets this property apart, however, is its exceptional rental income potential. In 2022, it earned over $163,000 in rental income, and 2023 is already... off to a strong start with over $125,000 booked. Don't miss out on the chance to invest in 19 Penelope and start reaping the benefits of a fully-equipped coastal home and a reliable source of rental income!
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Additional Information
- Appliances
- Cooktop, Dishwasher, Disposal, Dryer, Microwave, Ice Maker, Washer, LP Gas Water Heater
- Style
- Beach House
- Elementary School
- Van R Butler
- Exterior Features
- Balcony, Private Yard
- High School
- South Walton
- Interior Features
- Kitchen Island, Recessed Lighting, Washer Hookup
- Legal Description
- LOT 15 BLK G FRANGISTA BEACH 2ND ADDITION PB 3-41 OR 1754-243 OR 2696-2352 OR 3150-2874
- Lot Features
- Covenants
- Middle School
- Emerald Coast
- Neighborhood
- 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
- Community Features
- Beach Access, Fishing, Gated, Pool
- Stories
- 3
- Subdivision
- Frangista Beach 2nd Addn
- Utilities
- Tap Fee Paid
- Year Built
- 2022
- Zoning
- Resid Single Family
Mortgage Calculator
Listing courtesy of Scenic Sotheby's International Realty. Selling Office: .
Vendor Member Number : 28166