$1,625,000
Miramar Beach, FL 32550
MLS# 867944
Status: Sold
8 beds | 8 baths | 3249 sqft
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Property Description
Immaculate recently constructed home, primely positioned in the upscale Villas of Frangista Beach neighborhood, offers exceptional turnkey rental income. With gross revenue of $156k (actual rental rate, not including taxes, fees, cleaning, etc.) in 2020, and over $125k already booked with projections to reach $165k in 2021, this home is a proven rental machine. Purposefully designed from the ground up to achieve top rental income and vacation living, this home features 8 bedrooms and 7.5 baths, with a 3rd floor entertainment suite and a resort-style pool. Upscale finishes include granite and quartz counters, an oversized kitchen with modern stainless steel appliances, and a large open floor plan designed to entertain and flow with the outdoor amenities.
Details
Maps
Status Change Info
Status: Sold
Under Contract Date: 2021-04-11
Sold Date: 2021-05-21
Sold Price: $1,625,000
Sold Price/SqFt: 500.15
Contract Info
List Date: 2021-03-29
Current Price: $1,625,000
List Price: $1,599,000
List Price/SqFt: 492.15
Listing Board: Emerald Coast
Location Tax and Legal
Area: 15 - Miramar/Sandestin Resort
Street #: 12
Street Name: Penelope
Street Suffix: Street
State: FL
Zip Code: 32550
County: Walton
Project Name/Subdivision: FRANGISTA BEACH 2ND ADDN
Parcel ID: 32-2S-21-42050-00F-0010
General Property Info
Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 3249
SqFt Source: County PA Records
Bedrooms: 8
Full Baths: 7
Half Baths: 1
Total Bathrooms: 8
# Stories: 3
Year Built: 2019
Immediate Occupancy: No
Garage: No
Carport: No
Driveway Spaces: 6
Acreage: 0.14
Pool: Yes
Pool Type: Private
Property Features
Construction Status: Construction Complete
Lot Features: Survey Available; Within 1/2 Mile to Water
Zoning: Resid Single Family
Parking Features: Oversized
Project Facilities: Gated Community; Pool
Exterior: Balcony; Columns; Fenced Lot-Part; Pool - Gunite Concrt; Pool - Heated; Pool - In-Ground; Porch; Shower; Sprinkler System
Interior: Ceiling Crwn Molding; Floor Vinyl; Furnished - All; Kitchen Island; Owner's Closet; Window Treatment All
Appliances: Dishwasher; Disposal; Dryer; Microwave; Range Hood; Refrigerator; Refrigerator W/IceMk; Stove/Oven Electric; Washer
Utilities: Electric; Public Sewer; Public Water
Energy: AC - 2 or More; AC - Central Elect; Heat Cntrl Electric; Water Heater - Tnkls; Water Heater - Two +
Bedroom: First; Second; Third
Kitchen: First
Rooms: Bedroom; Dining Area; Great Room; Kitchen
Fees Include: Accounting; Management; Master Association; Recreational Faclty
Supplements
Each level contains wide covered porches and balconies, ensuite baths, and large kingbedrooms. The entire 3rd floor offers an entertainment haven with a king resort-style suite, a kitchenette and bar area, and a gaming center with a bunk for additional sleeping. Complemented by a backyard oasis featuring the private, heated saltwater pool, grilling area, and custom landscaping, this home also includes a brand new six-seater golf cart (under current management company) with oversized pavered parking for 6 full-size vehicles. The Villas of Frangista Beach offers 2 deeded beach accesses directly south, a community pool, and a private community setting to enjoy the beach life, all while being in the heart of the world class dining, shopping, entertainment and golf courses the Emerald Coast has to offer.
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Great Room | First | 18 x 18 | 18.00 | 18.00 | 18 x 18 |
| Kitchen | First | 16 x 12 | 16.00 | 12.00 | 16 x 12 |
| Dining Area | First | 8 x 16 | 8.00 | 16.00 | 8 x 16 |
| Bedroom | First | 10 x 14 | 10.00 | 14.00 | 10 x 14 |
| Bedroom | First | 9 x 14 | 9.00 | 14.00 | 9 x 14 |
| Bedroom | Second | 12 x 11 | 12.00 | 11.00 | 12 x 11 |
| Bedroom | Second | 13 x 13 | 13.00 | 13.00 | 13 x 13 |
| Bedroom | Second | 12 x 18 | 12.00 | 18.00 | 12 x 18 |
| Bedroom | Second | 14 x 14 | 14.00 | 14.00 | 14 x 14 |
| Bedroom | Third | 17 x 12 | 17.00 | 12.00 | 17 x 12 |
Listing Office: Christies International Real Estate Emerald Coast
Last Updated: October - 22 - 2024
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.