150 Penelope Street, Miramar Beach, FL 32550 (MLS# 778453)

HOA Fee: No

New Buyer Fee: No

Brokerage Interest: No Interest

List Price/SqFt: 640.37

Status: Sold

List Date: 2025-09-02

List Price: $1,250,000

Current Price: $1,150,000

Sub Area: 1208 - Walton - Miramar Beach

Community/Resort: None

Waterfront: No

Directions: From Scenic Gulf Drive, turn north on Miami Street and take the 5th left onto Penelope Street. 150 Penelope is close to the cul-de-sac on the right.

Area: 12 - Walton County

Street #: 150

Street Name: Penelope

Street Suffix: Street

State: FL

Zip Code: 32550

County: Walton

Subdivision: Frangista Beach

Parcel ID: 29-2S-21-42060-00B-0100

Legal Description: COM NE/C GOV LOT 104 SEC 30-2S-21W, S01 DEG 14'00''W ON E LN 20FT TO POB; S01 DEG 14°00''W ON E LN 73 FT, DPRT E LN N 88 DEG 45'00''W 96.5 FT, N01 DEG 14'00''E 73.00FT, S 88 45°00''E 96.50FT TO POB. OR 1513-97 OR 2377-818 OR 2522-1768 OR 2562-1158 OR 2544-543 OR 3218-244 OR 3285-2416

Acreage: 0.16

Design: Beach House

Lot Size (SqFt): 7013

Apx SqFt(Htd/Cooled): 1952

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

# of Stories in Building: 2

Lot Dimensions: 140 X 54 X 128 X 48

New Construction: No

Garage Y/N: Yes

Garage Spaces: 1

Pool: Yes

Pool Type: Private

Sub-Type: Detached Single Family

Bedrooms: 4

Full Baths: 3

Total Baths: 4

Year Built: 2016

Remarks: CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS INVESTORS, TAKE NOTE: 100% bonus depreciation eligible with a cost segregation study! Consult your CPA for details and requirements. This is a PROVEN INCOME-PRODUCING PROPERTY WHY YOU WILL LOVE 150 PENELOPE STREET: --Prime Location - 8 minute walk from the beach in a gated community with access to both a private and community pool! --Located in gated Villas of Frangista community --Quiet cul-de-sac location with strong curb appeal --Fully furnished, turnkey, and rental ready! --NO HOA rental restrictions! --Resort-Style Pool - Dive into the west-facing 20'x28' backyard pool and surrounding oasis, perfect for lounging and entertaining. --Home Gym - Stay on track with a fully equipped workout space in the garage. --Private Viewing Experience - Each full-size bunk bed features a personal TV & Bluetooth headphones for ultimate relaxation. --Spacious Open Concept - The open kitchen, dining, & living area provide the perfect space for gathering. --Outdoor Living - Enjoy a poolside BBQ and outdoor fridge with ample patio seating & cushioned lounge chairs. FIRST FLOOR: --Bunk Room - Cozy full-sized bunks! --Half Bath - Conveniently located off the main hall. --Kitchen, Dining & Living Area - Perfect for hosting family & friends. --Expansive Patio & Pool Views - A seamless indoor-outdoor experience. SECOND FLOOR: --King Suite - Spacious retreat with a private en suite bath. --Double Queen Suite - Two plush queen beds with a private ensuite bath. --Grand King Suite - Featuring a walk-in tiled shower, private balcony, & twin daybed. HVAC: 1 unit 2017, 1 unit Oct 2023 WATER HEATER: 2017 ROOF: Metal 2017, with build of house POOL: Brand new spring 2024, gunite, heat pump, salt water, new landscaping, patio and light package

Sold Price/SqFt: 589.14

Sold Price/Acre: 7187500

Under Contract Date: 2025-09-28

Sold Date: 2025-10-27

Sold Price: $1,150,000

First: 1

First: 1

First: 1

Second: 1

Gunite Concrete: 1

Heated - Electric: 1

Inground: 1

Saltwater: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Microwave: 1

Range - Electric: 1

Range Hood: 1

Refrigerator: 1

Washer: 1

Floor - Vinyl Plank: 1

Kitchen Island: 1

Pantry: 1

Stairs: 1

Window - Treatment All: 1

Foundation - Slab on Grade: 1

Deck Covered: 1

Fenced Lot-All: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Furnished: 1

Bunk Room: 1

First: 1

First: 1

Dedicated Beach: 1

Within 1/2 Mile to Water: 1

City Street: 1

Driveway: 1

Resid Single Family: 1

Pool: 1

Bedroom: 1

Bunk Room: 1

Dining Room: 1

Full Bathroom: 1

Garage: 1

Kitchen: 1

Living Room: 1

Master Bathroom: 1

Master Bedroom: 1

ShowingTime: 1

Electricity - Connected: 1

Natural Gas - Available: 1

Public Sewer - Connected: 1

Public Water - Available: 1

As Is: 1

Second: 1

Second: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Gated Community: 1

Security Gate: 1