$1,250,000
Miramar Beach, FL 32550
MLS# 778453
4 beds | 4 baths | 1952 sqft
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Property Description
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
Details
Maps
Contract Info
Status: Active
List Date: 2025-09-02
List Price: $1,250,000
List Price/SqFt: 640.37
Current Price: $1,250,000
Location
Area: 12 - Walton County
Street #: 150
Street Name: Penelope
Street Suffix: Street
State: FL
Zip Code: 32550
County: Walton
Sub Area: 1208 - Walton - Miramar Beach
Subdivision: Frangista Beach
Community/Resort: None
Waterfront: No
Parcel ID: 29-2S-21-42060-00B-0100
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.
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
General Property Info
Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 1952
SqFt Source: Prop App Site
Bedrooms: 4
Full Baths: 3
Half Baths: 1
Total Baths: 4
# of Stories in Building: 2
Year Built: 2016
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: Yes
Garage Spaces: 1
Lot Dimensions: 140 X 54 X 128 X 48
Acreage: 0.16
Lot Size (SqFt): 7013
Pool: Yes
Pool Type: Private
Property Features
Appliances: Dishwasher; Disposal; Dryer; Microwave; Range - Electric; Range Hood; Refrigerator; Washer
Full Bathroom: Second
Master Bedroom: Second
Bedroom: Second
Cooling: Ceiling Fan(s); Central Air; Electric
Heating: Central
Exterior: Deck Covered; Fenced Lot-All
Financing: Cash; Conventional; FHA; VA
Furnished: Furnished
Interior: Bunk Room
Kitchen: First
Living Room: First
Lot Features: Dedicated Beach; Within 1/2 Mile to Water
Lot Access: City Street
Bunk Room: First
Master Bathroom: Second
Dining Room: First
Garage: First
Pool Features: Gunite Concrete; Heated - Electric; Inground; Saltwater
Security Features: Gated Community; Security Gate
Parking Features: Driveway
Association Amenities: Pool
Rooms: Bedroom; Bunk Room; Dining Room; Full Bathroom; Garage; Kitchen; Living Room; Master Bathroom; Master Bedroom
Sale Type: As Is
Showing: ShowingTime
Utilities: Electricity - Connected; Natural Gas - Available; Public Sewer - Connected; Public Water - Available
Present Zoning: Resid Single Family
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions | Remarks |
| Kitchen | First | 15.7 x 8.9 | 15.70 | 8.90 | 15.7 x 8.9 | Spacious and fully equipped |
| Living Room | First | 16.75 x 10.8 | 16.75 | 10.80 | 16.75 x 10.8 | Open floor plan |
| Dining Room | First | 10.7 x 14.5 | 10.70 | 14.50 | 10.7 x 14.5 | Seating for 8! |
| Bunk Room | First | 13.5 x 6.4 | 13.50 | 6.40 | 13.5 x 6.4 | First floor! Adorable! |
| Garage | First | 11.5 x 13.8 | 11.50 | 13.80 | 11.5 x 13.8 | Laundry and home gym here! |
| Master Bedroom | Second | 17 x 16 | 17.00 | 16.00 | 17 x 16 | King bed + daybed w trundle |
| Master Bathroom | Second | 12.8 x 5.5 | 12.80 | 5.50 | 12.8 x 5.5 | En suite for privacy |
| Bedroom | Second | 13.3 x 10.5 | 13.30 | 10.50 | 13.3 x 10.5 | King Bed |
| Full Bathroom | Second | 5 x 7.6 | 5.00 | 7.60 | 5 x 7.6 | En Suite to King Bedroom |
| Bedroom | Second | 13.7 x 15.4 | 13.70 | 15.40 | 13.7 x 15.4 | Two Queen Beds |
| Full Bathroom | Second | 7.7 x 5 | 7.70 | 5.00 | 7.7 x 5 | En suite for privacy |
Listing Office: EXP Realty LLC
Last Updated: September - 13 - 2025
Information deemed reliable but not guaranteed.