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$2,324,900 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 7 Beds
  • 4 Full Baths
  • 1 Partial Bath
  • 3,583 Sq. Ft.
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Step into refined coastal living with this exquisite 7-bedroom, 4.5-bathroom residence crafted in 2023 by renowned builder Jared Boswell. A single-owner home, it showcases the attention to detail and superior craftsmanship that has made Boswell a trusted name along the Emerald Coast.Spanning 3,583 square feet, this three-story retreat was thoughtfully designed to accommodate both relaxation and entertainment. Inside, no expense was spared in the furnishings and finishes, offering a turnkey opportunity for either full-time living or a fantastic vacation rental. Custom built-in bunks maximize sleeping arrangements, making this home ideal for hosting large families or groups. The heart of the home flows seamlessly into the outdoors, where a private pool and beautifully designed exterior living space invite you to unwind in the Florida sunshine. The contemporary design, open-concept layout, and abundant natural light create an inviting and stylish atmosphere throughout. Located in the sought-after Second Addition of Frangista Beach, this property provides easy private access to the sugar-white sands and turquoise waters that make Miramar Beach a world-class destination. Just moments from local dining, shopping, and entertainment, it captures the very best of the coastal lifestyle. This home isn't just a place to stayit's a statement of elegance, comfort, and lasting value.

Full Property Details for 48 Penelope St

General

  • Price: $2,324,900
  • Status: Pending
  • Type: Single Family
  • Source: Emerald_Coast
  • MLS ID: 987084
  • Updated: 11/17/2025
  • Added to Site: 102 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Dining Area, Living Room
  • Interior Features: Kitchen Island
  • Appliances: Dishwasher, Freezer, Microwave, Range Hood, Refrigerator, Security System, Stove/Oven Gas

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 7

Other Rooms

  • Living Room: Living Room

Additional Information

  • Shared Amenities: Deed Access, Fishing, Gated Community, Picnic Area, Pool
  • Pool: Yes

Exterior

  • Exterior Features: Balcony, Fenced Lot-All, Fenced Privacy, Pool - Heated, Pool - In-Ground, Sprinkler System

Location

  • Area: 15 - Miramar/Sandestin Resort
  • County: Walton
  • Subdivision: 2nd Add Frangista Beach
  • Driving Directions: From Scenic Hwy 98 heading East take Miami street to the gate at Frangista Beach, Penelope Street is the first street on the left.

School Information

  • Elementary School: Van R Butler
  • Middle School: Destin
  • High School: Destin

Heating & Cooling

  • Heating/Cooling: AC - 2 or More, Ceiling Fans, Water Heater - Tnkls, Water Heater - Two +

Utilities

  • Utility Description: Electric, Gas - Natural, Phone, Tap Fee Paid, TV Cable

Structural Information

  • Architectural Style: Contemporary
  • Construction: Roof Metal, Siding CmntFbrHrdBrd
  • Stories/Levels: 3
  • Square Feet: 3,583
  • Sq. Ft. Source: Building Plan
  • Year Built: 2023

Lot Features

  • Lot Dimensions: 50 x 100
  • Zoning: Resid Single Family

Financial Considerations

  • Assessment Amount: $425
  • Assmt Payment Freq: Quarterly

Disclosures and Reports

  • Legal Description: Lot 5 Blk F Frangista Bch 2nd Add Pb 3-41 Or 1754-243 Or 2619-2550 Or 2619-3973 Or 2811-1148 Or 2842-4905 Or 3244-4340 Or 3301-2865
  • Assessment: Yes
  • APN: 32-2S-21-42050-00F-0050

Listed by The Premier Property Group

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Listing agent

— 48 Penelope St —

  • The Premier Property Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 48 Penelope St

School District:Walton County School District
NameGradesDistance
Van R. Butler Elementary School
6694 West County Highway 30A, Santa Rosa Beach, FL 32459
K-57.1 mi
Emerald Coast Middle School
4019 US Highway 98 East, Santa Rosa Beach, FL 32459
6-815.9 mi
South Walton High School
645 Greenway Trail, Santa Rosa Beach, FL 32459
9-1211.7 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 48 Penelope St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/08/2025
Listed
$2,324,900
-2.32%
MLS
9/06/2023
Sold
$2,380,000
—
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 for 48 Penelope St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,654
—
$1,221,148
-18%
2024
$13,654
234%
$1,494,801
232%
2023
$4,089
146%
$450,000
59%
2022
$1,659
49%
$283,050
85%
2021
$1,112
—
$152,813
31%
2021
$1,112
27%
$116,504
81%
2019
$878
15%
$64,308
10%
2018
$761
6%
$58,462
-36%
2017
$719
5%
$90,936
4%
2016
$687
2%
$87,439
2%
2015
$672
19%
$86,020
26%
2014
$566
43%
$68,000
70%
2013
$397
—
$40,000
—
View All
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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with our affiliated lender
NMLS#: 1598647

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Listed by The Premier Property Group

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48 Penelope Street, Miramar Beach, FL 32550 (MLS# 987084) is a Single Family property with 7 bedrooms, 4 full bathrooms and 1 partial bathroom. 48 Penelope Street is currently listed for $2,324,900 and was received on October 08, 2025. Want to learn more about 48 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.

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