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$3,800,000

  • For Sale
  • Active
  • Single Family
  • 10 Beds
  • 9 Full Baths
  • 2 Partial Baths
  • 5,992 Sq. Ft.

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Open House: 9:00 AM - 11:00 AM

Saturday 10/24 9:00 AM - 11:00 AM

21 Penny Lane,Santa Rosa Beach, FL 32459

21 Penny LaneSanta Rosa BeachFL32459

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Discover the pinnacle of sophisticated beachside living at this premier multi-family estate, perfectly positioned along Florida's iconic Emerald Coast. Designed for those who demand both exclusivity and exceptional performance, this turnkey compound offers a rare opportunity to own a world-class retreat in the heart of the sought-after Blue Mountain Beach. A Masterpiece of Design and Comfort Spanning multiple levels of refined living, this residence is an architectural triumph. An integrated elevator provides seamless accessibility throughout, ensuring comfort for guests of all generations. The home's interior is a study in curated elegance, featuring high-end finishes and bespoke design elements that cater to the most discerning tastes. With the capacity to accommodate 24 guests in absolute comfort, the estate is expertly configured for grand retreats and private gatherings. The layout includes: * 8 King Master Suites: Each a private sanctuary of relaxation. * 2 Bespoke Bunk Rooms: Thoughtfully designed to sleep four guests each. * 9 Full Bathrooms & 2 Half Baths: Featuring spa-inspired designer tile, quartz surfaces, and premium fixtures. * Culinary Excellence: A state-of-the-art chef's kitchen, equipped with a six-burner gas range, double refrigeration, and expansive quartz counters. A secondary kitchenette on the third level offers added convenience for seamless entertaining. The exterior is an extension of the home's luxury, crafted for the ultimate al fresco lifestyle. Enjoy a private, resort-style swimming pool, an outdoor shower, and a built-in gas grill. As the sun sets, the ambiance transforms with glowing pool lighting and the warmth of a custom swim up pool and spa and linear gas fire wall--the perfect setting for evenings under the coastal stars. Proven performance, this property is a formidable investment. The estate demonstrates a robust and consistent revenue stream. The absence of an HOA grants the owner complete autonomy over rental management and usage. For those seeking a hands-off approach, the option remains to continue a partnership with the Southern Holiday Homes, ensuring the property remains a premier destination for high-end clientele. Situated just moments from the turquoise waters and quartz-sand beaches of the Emerald Coast, this residence offers immediate access to the vibrant dining, golf, and leisure attractions of the 30A corridor. Whether you are seeking a private family compound or a high-yield luxury investment, this estate represents a singular opportunity to secure a legacy property in one of the most desirable coastal markets.

Full Property Details for 21 Penny Ln

General

  • Price: $3,800,000
  • Taxes: $27,462 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Emerald_Coast
  • MLS ID: 1010814
  • Updated: 8/29/2026
  • Added to Site: 49 day(s) ago

Interior

  • Number of Rooms: 12
  • Interior Features: Breakfast Bar, Ceiling Beamed, Ceiling Crwn Molding, Ceiling Raised, Elevator, Fireplace, Fireplace 2+, Hallway Bunk Beds, Kitchen Island, Lighting Recessed, Owner's Closet, Pantry, Pull Down Stairs, Shelving, Upgraded Media Wing, Washer/Dryer Hookup, Wet Bar, Woodwork Painted
  • Fireplace: Yes
  • Fireplace(s): Fireplace Gas
  • Appliances: Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Oven Double, Oven Self Cleaning, Range Hood, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Gas, Washer, Wine Refrigerator, Water Heater - Gas, Water Heater - Tnkls
  • Furnishings: Furnished - All
  • Flooring: Floor Hardwood, Floor Tile

Rooms

Bathrooms

  • Total Bathrooms: 11
  • Full Bathrooms: 9
  • Half Bathrooms: 2

Bedrooms

  • Total Bedrooms: 10

Additional Information

  • Pool: Yes
  • Pool Description: Pool - Heated, Pool - In-Ground, Pool Type

Exterior

  • Exterior Features: Balcony, BBQ Pit/Grill, Fenced Back Yard, Hot Tub, Lawn Pump, Pool - Gunite Concrt, Shower, Sprinkler System, Summer Kitchen
  • Porch/Patio/Deck: Patio Covered, Patio Open, Porch

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2

Location

  • Area: 17 - 30A West
  • County: Walton
  • Subdivision: Colleen's Cove
  • Driving Directions: From US Hwy 98 turn South onto Hwy 393. Turn left on Penny Lane. The home is north of Shunk Gully and Ed Walline Park

School Information

  • Elementary School: Van R Butler
  • Middle School: Emerald Coast
  • High School: South Walton

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fans
  • Heating Type: Heat Pump A/A Two +, Central
  • Heating/Cooling: Heat Pump A/A Two +, Central, Ceiling Fans

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electric, Gas - Natural, Public Water, TV Cable

Structural Information

  • Architectural Style: Beach House
  • Construction: Frame, Roof Pitched, Stucco, Trim Vinyl
  • Exterior Const.: Frame, Roof Pitched, Stucco, Trim Vinyl
  • Stories/Levels: 3
  • Square Feet: 5,992
  • Sq. Ft. Source: County PA Records
  • Year Built: 2022

Lot Features

  • Property View: Gulf
  • Lot Size (Acres): 0.25
  • Lot Size (Sq. Ft.): 10,890
  • Lot Dimensions: 110' x 100'
  • Street/Road Desc.: Paved
  • Lot Features: Level, Within 1/2 Mile to Water
  • Zoning: Resid Single Family
  • Fencing (Description): Fenced Privacy

Water Features

  • Water View: Yes

Green Features

  • Energy Efficient: Doors

Financial Considerations

  • Tax Amount: $27,462.34
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: Com Sw/Cor Gov Lot 25, S 87 Deg 52'57''E 133.00 Ft For Pob, N 02 Deg 58'03''E 110.08 Ft, S 87 Deg 57'11''E 100.00 Ft, S 02 Deg 55' 29''W 110.20 Ft, N 87 Deg 52'57'' W 100.00 Ft To Pob Being In Sec 02-3S-20W Or 3308-3580
  • APN: 02-3S-20-34160-000-0254
  • Property ID: 02-3S-20-34160-000-0254

Listed by Compass

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— 21 Penny Ln —

  • Compass

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 21 Penny Ln

School District:Walton County School District
NameGradesDistance
Bay Elementary School
6565 US Highway 98 East, Santa Rosa Beach, FL 32459
K-59.2 mi
Emerald Coast Middle School
4019 US Highway 98 East, Santa Rosa Beach, FL 32459
6-87 mi
South Walton High School
645 Greenway Trail, Santa Rosa Beach, FL 32459
9-123.6 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 21 Penny Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/29/2026
Listed
$3,800,000
-15.56%
MLS
11/21/2023
Sold
$4,500,000
—
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 21 Penny Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$27,462
-17%
$3,039,315
-16%
2024
$32,938
13%
$3,605,971
13%
2023
$29,114
1808%
$3,204,119
1933%
2021
$1,526
-44%
$157,630
-46%
2022
$2,716
—
$293,040
—
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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21 Penny Lane, Santa Rosa Beach, FL 32459 (MLS# 1010814) is a Single Family property with 10 bedrooms, 9 full bathrooms and 2 partial bathrooms. 21 Penny Lane is currently listed for $3,800,000 and was received on August 29, 2026. Want to learn more about 21 Penny Lane? Do you have questions about finding other Single Family real estate for sale in Santa Rosa Beach? You can browse all Santa Rosa Beach real estate or contact a Coldwell Banker agent to request more information.

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