150 Penelope St, Miramar Beach, FL 32550 - Photo 1

1/1

$1,150,000

Sold
Closed
Single Family
4 Beds
3 Full Baths
1 Partial Bath
1,952 Sq. Ft.

1/1

Property Description

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS -- 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: --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

Full Property Details

Full Property Details for 150 Penelope St

General

Sold For: $1,150,000
Status: Closed
Type: Single Family
Source: 933
MLS ID: 323982
Added to Site: 135 day(s) ago

Interior

Interior Features: Kitchen Island, Pantry, Window Treatment All
Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Water Heater Electric
Furnishings: Furnished

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 3
Half Bathrooms: 1

Bedrooms

Total Bedrooms: 4

Additional Information

Pool: Yes
Pool Description: Heated, In Ground, Gunite/Concrete, Salt Water

Exterior

Porch/Patio/Deck: Back Porch, Covered Porch

Parking

Parking Features: Driveway

Location

Area: Other Counties
Subdivision: No Named Subdivision
Driving Directions: From Scenic Gulf Drive, turn north on Miami Street and take the 5th left onto Penelope Street. 150 Penelope is close to the cul-de-sac on the right.

Community

Assoc. Fees Include: Security

Heating & Cooling

Cooling Type: Central Electric
Heating Type: Central Electric

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected

Structural Information

Architectural Style: Beach House
Construction Status: Construction Complete
Exterior Const.: HardiPlank Type
Square Feet: 1,952
Living Area: 1,952 Sq. Ft.
Year Built: 2016

Unit Information

Occupancy Rate: Vacant

Lot Features

Lot Dimensions: 140 x 54 x 128 x 48
Lot Features: Within 1/2 Mile of Water
Fencing (Description): Back Yard

Financial Considerations

Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

Special Conditions: As Is
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 1400''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 4500''E 96.50FT TO POB. OR 1513-97 OR 2377-818 OR 2522-1768 OR 2562-1158 OR
Property ID: 29-2S-21-42060-00B-0100

Listed by EXP Realty LLC
Sold by Nonmember Office

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— 150 Penelope St —

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Schools

Schools serving 150 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	16 mi
South Walton High School 645 Greenway Trail, Santa Rosa Beach, FL 32459	9-12	11.8 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 150 Penelope St

Date

Details

Price

Change

Source

10/27/2025

Sold

$1,150,000

-8%

MLS

9/05/2025

Listed

$1,250,000

—

MLS

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

Sold

$1,150,000