137 Elbow Beach Road, Alys Beach, FL 32461 - Photo 1

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$11,995,000

For Sale
Active
Single Family
5 Beds
5 Full Baths
1 Partial Bath
4,587 Sq. Ft.
Updated 10 days ago

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Property Description

Don't miss this chance to claim a stunning home one off the gulf front in Alys Beach, an exceptional value that sets you apart at this price point! Poised on a prominent corner lot on the south side, this offering presents an extraordinary opportunity to own a thoughtfully designed coastal residence with curated architectural integrity and sweeping western views to the Gulf. This five-bedroom, five-and-a-half-bathroom home encompasses 4,587 square feet of refined interior living, complemented by 1,971 square feet of open-air balconies and 663 square feet of covered loggia space crafted to embrace the effortless indoor- outdoor lifestyle that defines Alys Beach. An elevated private pool and a separate spa, positioned beside the third-floor primary suite, offer an intimate retreat with rare vantage points overlooking the protected corridor of Paradise by the Sea. With three open exposures and a two-car garage... this residence exudes presence, privacy, and elegance. Designed by Chancey Architecture and brought to life by Arkon Group General Contractors, this home is currently under construction, allowing for a discerning buyer to personalize. The seller invites a buyer to assume the existing construction contract for an all-in investment of $11,995,000. Estimated completion is 18 to 20 months. An exceptional offering in one of the Gulf Coast's most architecturally significant communities. Purchase now for immediate Alys Beach ownership benefits.

Full Property Details

Full Property Details for 137 Elbow Bch Rd

General

Price: $11,995,000
Taxes: $21,368 (2024)
Status: Active
Type: Single Family
Source: Emerald_Coast
MLS ID: 984004
Updated: 1/5/2026
Added to Site: 142 day(s) ago

Interior

Rooms/Areas: Bedroom, Dining Room, Kitchen, Living Room, Master Bathroom, Master Bedroom, Pantry
Interior Features: Elevator, Floor Hardwood, Floor Tile, Furnished - None, Pantry, Washer/Dryer Hookup, Window Treatmnt None
Appliances: Auto Garage Door Opn, Dishwasher, Microwave, Refrigerator, Stove/Oven Gas

Rooms

Bathrooms

Total Bathrooms: 6
Full Bathrooms: 5
Half Bathrooms: 1

Bedrooms

Total Bedrooms: 5

Other Rooms

Living Room: Living Room
Kitchen: Kitchen
Dining Room: Dining Room
Pantry: Pantry

Additional Information

Shared Amenities: Beach, Deed Access, Exercise Room, Pavillion/Gazebo, Pets Allowed, Pickle Ball, Playground, Pool, Sauna/Steam Room, Short Term Rental - Allowed, Waterfront
Pool: Yes

Exterior

Exterior Features: Balcony, Deck Open, Hot Tub, Patio Open, Pool - Heated, Summer Kitchen

Parking

Garage: Yes
Garage Spaces: 2
Parking: Garage Attached

Location

Area: 18 - 30A East
County: Walton
Subdivision: Alys Beach
Driving Directions: From E Scenic Hwy 30A turn south on Elbow Beach, the home (under construction) is on your left at the south-east corner of Elbow Rd and Needle & Thread Alley. Eight homes east of The Beach Club.

School Information

Elementary School: Dune Lakes
Middle School: Emerald Coast
High School: South Walton

Heating & Cooling

Heating/Cooling: AC - 2 or More, AC - Central Elect

Utilities

Utility Description: Electric, Gas - Natural, Public Sewer, Public Water, Tap Fee Paid, TV Cable, Underground

Structural Information

Architectural Style: Other
Construction: Block, Concrete, Roof Concrete, Stucco
Stories/Levels: 3
Square Feet: 4,587
Sq. Ft. Source: Building Plan
Year Built: 2027

Lot Features

Property View: Gulf
Lot Size (Acres): 0.09
Lot Dimensions: 40 x 100
Street/Road Desc.: Paved Road
Lot Features: Corner, Covenants, Curb & Gutter, Restrictions, Sidewalk, Within 1/2 Mile to Water
Zoning: Resid Single Family

Financial Considerations

Assessment Amount: $3,097
Assmt Payment Freq: Quarterly
Tax Amount: $21,368
Tax Year: 2024

Disclosures and Reports

Legal Description: LOT 1 BLK UU ALYS BEACH PHASE IIIA: BLOCK UU & VV PB 23-61 OR 3267-2862 OR 3302-1952
Assessment: Yes
APN: 26-3S-18-16406-0UU-0010

Listed by Christies International Real Estate Emerald Coast

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— 137 Elbow Bch Rd —

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Schools

Schools serving 137 Elbow Bch Rd

School District:Walton County School District

Name	Grades	Distance
Bay Elementary School 6565 US Highway 98 East, Santa Rosa Beach, FL 32459	K-5	5.1 mi
Emerald Coast Middle School 4019 US Highway 98 East, Santa Rosa Beach, FL 32459	6-8	7.3 mi
South Walton High School 645 Greenway Trail, Santa Rosa Beach, FL 32459	9-12	11.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 137 Elbow Bch Rd Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/11/2025

Price Reduced

$11,995,000

-4%

MLS

8/27/2025

Listed

$12,495,000

407.41%

MLS

9/19/2023

Sold

$2,462,500

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 137 Elbow Bch Rd

Year

Property Taxes

Change

Tax Assessment

Change

2024

$21,369

—

$2,000,000

1%

2024

$21,369

5%

$1,980,000

6%

2023

$20,266

27%

$1,869,000

37%

2022

$15,897

—

$1,367,489

100%

2022

$15,897

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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137 Elbow Beach Road, Alys Beach, FL 32461 (MLS# 984004) is a Single Family property with 5 bedrooms, 5 full bathrooms and 1 partial bathroom. 137 Elbow Beach Road is currently listed for $11,995,000 and was received on August 27, 2025. Want to learn more about 137 Elbow Beach Road? Do you have questions about finding other Single Family real estate for sale in Alys Beach? You can browse all Alys Beach real estate or contact a Coldwell Banker agent to request more information.

137 Elbow Bch Rd Alys Beach, FL 32461