$10,500,000
Santa Rosa Beach, FL 32459
MLS# 1007386
18 beds | 24 baths | 17088 sqft
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Property Description
JUST COMPLETED! New Construction 6-Unit Portfolio Available - Blu Wave at Blue Mountain Beach Just Completed! This is a rare chance to acquire all six luxurious townhomes in the exclusive Blu Wave boutique development as a complete package. Brand-new construction, this turnkey investment is poised to generate gross rental revenue potential exceeding $700,000+ per year. Each of the six residences delivers 2,848 square feet of heated and cooled living space, plus expansive outdoor living areas designed for maximum coastal appeal. The standout feature is an expansive rooftop terrace with a wood pergola--perfect for installing a hot tub, entertaining guests, or capturing unforgettable Gulf sunsets. Multiple balconies off the open living areas and third-floor primary suites create seamless indoor-outdoor flow and deliver panoramic views of Draper Lake and the Gulf. Interiors are built for both luxury living and strong rental performance, featuring a second-floor open-concept layout that seamlessly integrates the kitchen, dining, and living spaces--ideal for entertaining and everyday enjoyment. Each townhome includes three spacious bedrooms with ensuite baths, a convenient guest powder room, and a three-stop elevator for effortless multi-level access. Ample carport-style parking beneath each unit easily accommodates multiple vehicles and guests. Located in the serene, low-traffic enclave of Blue Mountain Beach along Scenic Highway 30A, Blu Wave benefits from
Details
Maps
Status Change Info
Status: Active
Contract Info
List Date: 2026-07-10
Current Price: $10,500,000
List Price: $10,500,000
List Price/SqFt: 614.47
Listing Board: Emerald Coast
Location Tax and Legal
Area: 17 - 30A West
Street #: 14
Street Name: Blue Wave
Street Suffix: Drive
State: FL
Zip Code: 32459
County: Walton
Project Name/Subdivision: Blu Wave Luxury Residences
Parcel ID: 01-3S-20-34030-000-00B0
General Property Info
Sub-Type: Attached Single Unit
Design: Townhome
Apx SqFt(Htd/Cooled): 17088
SqFt Source: Building Plan
Bedrooms: 18
Full Baths: 18
Half Baths: 6
Total Bathrooms: 24
# Stories: 3
Year Built: 2026
Immediate Occupancy: No
Garage: No
Carport: Yes
Carport Spaces: 18
userdefined76: 18
Acreage: 0.82
Pool: No
Pool Type: None
Property Features
Construction Status: Under Construction
Lot Features: Covenants; Restrictions; Within 1/2 Mile to Water
Zoning: Resid Multi-Family
Waterview: Gulf; Lake
Parking Features: Carport; Carport Attached; Covered
Interior: Elevator; Furnished - None
Appliances: Dishwasher; Microwave; Refrigerator; Smoke Detector
Utilities: Electric
Energy: AC - Central Elect; Ceiling Fans
Master Bedroom: Second
Bedroom: First; Second
Living Room: First
Rooms: Balcony; Bedroom; Dining Area; Living Room; Master Bedroom
Supplements
one of the most desirable addresses on Florida's Emerald Coast. The area is famous for its towering sand dunes, sugar-white beaches, turquoise waters, and rare coastal dune lakes like Draper Lake. This quieter, more exclusive vibe compared to busier neighboring communities supports premium rental rates and strong year-round demand from discerning vacationers and seasonal residents.
Investment highlights
" Brand new construction - immediate income potential upon completion
" Limited to just six units total - exclusivity drives higher occupancy and rates
" Exceptional rental upside with projected gross revenues over $700,000+ annually for the full portfolio
" Luxury and breathtaking views that command top-tier nightly/weekly rates
" Prime 30A location with strong appreciation history and consistent tourism demand
Blu Wave perfectly combines sophisticated coastal luxury, privacy, and outstanding income-generating potential in one of South Walton's most coveted beach communities.
Room Information
| Room Name | Level | Dimensions | Length | Width | Remarks | Dimensions |
| Dining Area | First | 13.11 x 9.11 | 13.11 | 9.11 | Per Unit | 13.11 x 9.11 |
| Living Room | First | 18.9 x 16.4 | 18.90 | 16.40 | Per Unit | 18.9 x 16.4 |
| Balcony | First | 19.3 x 7 | 19.30 | 7.00 | Per Unit | 19.3 x 7 |
| Bedroom | First | 12.11 x 12.2 | 12.11 | 12.20 | Per Unit | 12.11 x 12.2 |
| Master Bedroom | Second | 13.11 x 16.11 | 13.11 | 16.11 | Per Unit | 13.11 x 16.11 |
| Bedroom | Second | 12.9 x 12.2 | 12.90 | 12.20 | Per Unit | 12.9 x 12.2 |
| Balcony | Second | 19.3 x 7 | 19.30 | 7.00 | Per Unit | 19.3 x 7 |
| Bedroom | First | 12.1 x 12.2 | 12.10 | 12.20 | 12.1 x 12.2 | |
| Master Bedroom | Second | 13.11 x 16.11 | 13.11 | 16.11 | 13.11 x 16.11 | |
| Bedroom | Second | 12.9 x 12.2 | 12.90 | 12.20 | 12.9 x 12.2 | |
| Bedroom | First | 12.1 x 12.2 | 12.10 | 12.20 | 12.1 x 12.2 | |
| Bedroom | Second | 12.9 x 12.2 | 12.90 | 12.20 | 12.9 x 12.2 | |
| Master Bedroom | Second | 13.11 x 16.11 | 13.11 | 16.11 | 13.11 x 16.11 | |
| Bedroom | First | 12.1 x 12.2 | 12.10 | 12.20 | 12.1 x 12.2 | |
| Bedroom | Second | 12.9 x 12.2 | 12.90 | 12.20 | 12.9 x 12.2 | |
| Master Bedroom | Second | 13.11 x 16.11 | 13.11 | 16.11 | 13.11 x 16.11 | |
| Bedroom | First | 12.1 x 12.2 | 12.10 | 12.20 | 12.1 x 12.2 | |
| Bedroom | Second | 12.9 x 12.2 | 12.90 | 12.20 | 12.9 x 12.2 | |
| Master Bedroom | Second | 13.11 x 16.11 | 13.11 | 16.11 | 13.11 x 16.11 | |
| Bedroom | First | 12.1 x 12.2 | 12.10 | 12.20 | 12.1 x 12.2 |
Listing Office: Scenic Sotheby's International Realty
Last Updated: July - 10 - 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.
Broker Attribution:
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