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$1,500,000
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Property Description
MEET PENELOPE! Where Beach Days Become Family Traditions There are beach houses you visit--and then there are beach houses that become part of your family's story. Tucked within the highly sought-after Frangista Beach community of Miramar Beach, 170 Penelope Street offers the rare opportunity to own a home where the best of the Emerald Coast is remarkably close, yet everyday life still feels private and relaxed. Just imagine mornings beginning with coffee on the coast, afternoons spent at the beach, and evenings gathered around the table with the people you love most. Designed with both owners and guests in mind, this spacious four-bedroom home offers an inviting open-concept layout with multiple sleeping areas, generous gathering spaces, and the flexibility today's beach buyers are looking for. Whether you're creating your family's own coastal retreat, hosting extended family and friends, or looking for a property that can generate meaningful rental income when you're away, the home adapts beautifully to the way you want to enjoy the beach. *Willing to provide a pool credit!* And then there's the backyard. With room for a private pool, the property offers an exciting opportunity to create an even more elevated outdoor retreat--and potentially make an already compelling vacation property even more desirable to future guests. Frangista Beach is the kind of location buyers search for when they want to experience Miramar Beach without sacrificing convenience. The beach, restaurants, shopping, golf and entertainment are all close by, with the area being particularly well suited to walking, biking and golf-cart living. For those looking at the property through an investment lens, the opportunity becomes even more compelling. Short-term rentals are permitted, and the home has demonstrated strong rental performance, making it possible to enjoy the property personally while allowing it to work for you when you're away. But the numbers are only part of the story. The real value is owning a place where your children can grow up knowing exactly which beach access to take, where extended family can gather for another summer together, and where a week at the beach can eventually become a lifetime of memories. 170 Penelope Street isn't simply an investment in Miramar Beach. It's an opportunity to own the place where the memories happen. Bring your offer and come see why this Frangista Beach retreat deserves a closer look.
Full Property Details
Full Property Details for 170 Penelope St
General
- Price: $1,500,000
- Taxes: $8,414 (2025)
- Status: Active
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 1002642
- Updated: 9/14/2026
- Added to Site: 154 day(s) ago
Rental Information
- Complex Features: Short Term Rental - Allowed, Gated Community, Pool
Interior
- Number of Rooms: 12
- Interior Features: Newly Painted
- Appliances: Dishwasher, Refrigerator, Stove/Oven Electric, Water Heater - Elect
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Additional Information
- Pool: Yes
- Pool Description: Pool Type
Exterior
- Porch/Patio/Deck: Patio Open, Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
Location
- Area: 15 - Miramar/Sandestin Resort
- County: Walton
- Subdivision: FRANGISTA BEACH 3rd ADDN
- Driving Directions: From Scenic Gulf Drive, turn on Miami Street and go through the coded gate. Turn at your first left on Penelope and it will be immediately on your left.
School Information
- Elementary School: Destin
- Middle School: Destin
- High School: South Walton
Community
- Association: Yes
- Assoc. Fees Include: Management, Master Association, Services
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
- Heating/Cooling: Central, Central Air
Utilities
- Sewer: Public Sewer
- Water: Well
- Well: Yes
- Utility Description: Public Water
Structural Information
- Architectural Style: Beach House
- Construction: Concrete
- Exterior Const.: Concrete
- Stories/Levels: 2
- Square Feet: 2,475
- Sq. Ft. Source: County PA Records
- Year Built: 2018
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,969.6
- Lot Dimensions: 50 x 100
- Frontage: City Street
- Lot Features: Level
- Zoning: Resid Single Family
Financial Considerations
- Assessment Amount: $450
- Tax Amount: $8,414.69
- Tax Year: 2025
Disclosures and Reports
- Legal Description: Lot 7 Blk B Frangista Beach 3rd Addition Pb 17-71 Or 2728-3305 &-3343 &-3421 Or 2805-2265 Or 2888-4250 Or 2928-1330 Or 2964-3695 Or 3058-267 Or 3080-1564
- APN: 29-2S-21-42060-00B-0070
- Property ID: 29-2S-21-42060-00B-0070
Listed by Corcoran Reverie SRB
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Schools
Schools serving 170 Penelope St
School District:Walton County School District
| Name | Grades | Distance |
|---|---|---|
Van R. Butler Elementary School 6694 West County Highway 30A, Santa Rosa Beach, FL 32459 | K-5 | 7.2 mi |
Emerald Coast Middle School 4019 US Highway 98 East, Santa Rosa Beach, FL 32459 | 6-8 | 15.9 mi |
South Walton High School 645 Greenway Trail, Santa Rosa Beach, FL 32459 | 9-12 | 11.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 170 Penelope St
Date
Details
Price
Change
Source
9/14/2026
Price Reduced
$1,500,000
-1.96%
MLS
8/26/2026
Price Reduced
$1,530,000
-0.33%
MLS
8/24/2026
Price Reduced
$1,535,000
-0.32%
MLS
8/14/2026
Price Reduced
$1,540,000
-0.65%
MLS
8/12/2026
Price Reduced
$1,550,000
-0.64%
MLS
7/31/2026
Price Reduced
$1,560,000
-0.64%
MLS
7/29/2026
Price Reduced
$1,570,000
-0.32%
MLS
7/22/2026
Price Reduced
$1,575,000
-0.32%
MLS
7/20/2026
Price Reduced
$1,580,000
-0.63%
MLS
7/08/2026
Price Reduced
$1,590,000
-0.62%
MLS
6/25/2026
Price Reduced
$1,600,000
-0.5%
MLS
6/19/2026
Price Increased
$1,608,000
0.06%
MLS
6/08/2026
Price Increased
$1,607,000
0.06%
MLS
6/01/2026
Price Reduced
$1,606,000
-0.06%
MLS
5/27/2026
Price Reduced
$1,607,000
-0.03%
MLS
5/08/2026
Listed
$1,607,500
194.95%
MLS
7/23/2018
Sold
$545,000
—
Public Record
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 170 Penelope St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,415
5%
$1,130,289
2%
2024
$8,049
5%
$1,102,789
—
2023
$7,701
55%
$1,102,789
114%
2021
$4,983
-30%
$514,764
-48%
2022
$7,144
43%
$998,657
113%
2021
$4,983
10%
$469,838
3%
2019
$4,514
301%
$454,532
303%
2018
$1,126
4%
$112,886
3%
2017
$1,086
8%
$109,598
9%
2016
$1,004
—
$100,365
2%
2015
$1,004
25%
$98,736
26%
2014
$806
93%
$78,200
94%
2013
$418
—
$40,250
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 170 Penelope St
170 Penelope Street, Miramar Beach, FL 32550 (MLS# 1002642) is a Single Family property with 4 bedrooms and 4 full bathrooms. 170 Penelope Street is currently listed for $1,500,000 and was received on May 08, 2026. Want to learn more about 170 Penelope Street? Do you have questions about finding other Single Family real estate for sale in Miramar Beach? You can browse all Miramar Beach real estate or contact a Coldwell Banker agent to request more information.

