$1,250,000
Miramar Beach, FL 32550
MLS# 984574
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:
Details
Documents
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 640.37
List Date: 2025-09-02
Current Price: $1,250,000
List Price: $1,250,000
Location, Tax and Legal
Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
Elementary School: Van R Butler
Middle School: Emerald Coast
High School: South Walton
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
SqFt Source: Appraiser
Immediate Occupancy: Yes
Garage: Yes
Carport: No
Pool: Yes
Pool Type: Private
Apx SqFt(Htd/Cooled): 1952
Bedrooms: 4
Full Baths: 3
Half Baths: 1
Total Bathrooms: 4
# Stories: 2
Year Built: 2016
Garage Spaces: 1
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 450
Annual Assessment Amount: 1800
Assessment Paid: Quarterly
New Buyer Fee: No
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: 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:
Construction Status
Construction Complete: 1
Parking Features
Garage: 1
Lot/Parcel Access
City Road: 1
Construction/Siding
Roof Metal: 1
Slab: 1
Utilities
Electric: 1
Public Sewer: 1
Public Water: 1
Zoning
Resid Single Family: 1
Exterior
Deck Covered: 1
Pool - Gunite Concrt: 1
Pool - Heated: 1
Pool - In-Ground: 1
Interior
Furnished - All: 1
Kitchen Island: 1
Pantry: 1
Window Treatment All: 1
Financing
Conventional: 1
FHA: 1
VA: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Range Hood: 1
Refrigerator: 1
Stove/Oven Electric: 1
Washer: 1
Energy
AC - Central Elect: 1
Ceiling Fans: 1
Heat Cntrl Electric: 1
Master Bedroom
Second: 1
Bedroom
Second: 1
Kitchen
First: 1
Living Room
First: 1
Full Bathroom
Second: 1
Rooms
Bedroom: 1
Bunk Room: 1
Dining Room: 1
Full Bathroom: 1
Garage: 1
Kitchen: 1
Living Room: 1
Master Bathroom: 1
Master Bedroom: 1
Fees Include
Security: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 15 - Miramar/Sandestin Resort
Street #: 150
Street Name: Penelope
Street Suffix: Street
State: FL
Zip Code: 32550
County: Walton
Project Name/Subdivision: FRANGISTA BEACH
Parcel ID: 29-2S-21-42060-00B-0100
Property Features
Construction Status: Construction Complete
Zoning: Resid Single Family
Parking Features: Garage
Exterior: Deck Covered; Pool - Gunite Concrt; Pool - Heated; Pool - In-Ground
Interior: Furnished - All; Kitchen Island; Pantry; Window Treatment All
Appliances: Dishwasher; Disposal; Dryer; Microwave; Range Hood; Refrigerator; Stove/Oven Electric; Washer
Utilities: Electric; Public Sewer; Public Water
Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Electric
Master Bedroom: Second
Bedroom: Second
Kitchen: First
Living Room: First
Full Bathroom: Second
Rooms: Bedroom; Bunk Room; Dining Room; Full Bathroom; Garage; Kitchen; Living Room; Master Bathroom; Master Bedroom
Financing: Conventional; FHA; VA
Fees Include: Security
Supplements
--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
Room Information
| Room Name | Level | Dimensions | Length | Width | Remarks | Dimensions |
| Kitchen | First | 15.7 x 8.9 | 15.70 | 8.90 | Spacious and fully equipped | 15.7 x 8.9 |
| Living Room | First | 16.75 x 10.8 | 16.75 | 10.80 | Open floor plan | 16.75 x 10.8 |
| Dining Room | First | 10.7 x 14.5 | 10.70 | 14.50 | Seating for 8! | 10.7 x 14.5 |
| Bunk Room | First | 13.5 x 6.4 | 13.50 | 6.40 | First floor! Adorable! | 13.5 x 6.4 |
| Garage | First | 11.5 x 13.8 | 11.50 | 13.80 | Laundry and home gym here! | 11.5 x 13.8 |
| Master Bedroom | Second | 17 x 16 | 17.00 | 16.00 | King bed + daybed w trundle | 17 x 16 |
| Master Bathroom | 12.8 x 5.5 | 12.80 | 5.50 | En suite for privacy | 12.8 x 5.5 | |
| Bedroom | Second | 13.3 x 10.5 | 13.30 | 10.50 | King Bed | 13.3 x 10.5 |
| Full Bathroom | Second | 5 x 7.6 | 5.00 | 7.60 | En Suite to King Bedroom | 5 x 7.6 |
| Bedroom | Second | 13.7 x 15.4 | 13.70 | 15.40 | Two Queen Beds | 13.7 x 15.4 |
| Full Bathroom | Second | 7.7 x 5 | 7.70 | 5.00 | En suite for privacy | 7.7 x 5 |
150 Penelope Street - Facts and Features Listing Office: EXP Realty LLC
Last Updated: September - 13 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
