Price Reduction
Address
170 Penelope Street, Miramar Beach, FL
Price
$ 1,530,000
Property Attributes
- MLS#1002642
- TypeSingle Family
- Listing Status Active
- CountyWalton
- CityMiramar Beach
- AreaMiramar-Sandestin Resort
- NeighborhoodFRANGISTA BEACH 3rd ADDN
- Zip32550
- StyleBeach House
- Year Built2018
- Taxes$ 8414
- Price$ 1,530,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2475
- Lot Size0.16 Acres
Data Source:
Emerald Coast MLS (ECAR)
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. 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Destin Elementary School | Destin Middle School | South Walton High School |
| Price History | |
|---|---|
| 6/1/2026 | Listed $1,606,000 |
| 6/8/2026 | Listed $1,607,000 |
| 6/19/2026 | Listed $1,608,000 |
| 6/25/2026 | Listed $1,600,000 |
| 7/8/2026 | 1$1,590,000 |
| 7/21/2026 | 1$1,580,000 |
| 7/23/2026 | Listed $1,575,000 |
| 7/29/2026 | Listed $1,570,000 |
| 7/31/2026 | 1$1,560,000 |
| 8/12/2026 | 1$1,550,000 |
| 8/14/2026 | 1$1,540,000 |
| 8/24/2026 | Listed $1,535,000 |
| 8/26/2026 | Listed $1,530,000 |
General Features
| Utilities | Public Water |
|---|---|
| Zoning | Resid Single Family |
| Property Subtype | Detached Single Family |
| Community Features | Short Term Rental - Allowed,Gated Community,Pool |
| County | Walton |
| Property Type | Residential |
| Subdivision Name | FRANGISTA BEACH 3rd ADDN |
| Status | Active |
| Buyer Financing | Conventional,Other |
| 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. |
| High School | South Walton |
| City | Miramar Beach |
| MLS Area | 15 - Miramar/Sandestin Resort |
| Lot Size Units | Acres |
| Lot Size Square Feet | 6969.6 |
| Elementary School | Destin |
| Middle/Junior High School | Destin |
| MLS Area Minor | 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort |
| Standard Status | Active |
| Sewer | Public Sewer |
| Tax Assessed Value | 450 |
| Heating | Central |
| Cooling | Central Air |
| Garage Spaces | 1 |
| Patio/Porch Features | Patio Open,Porch |
| Architectural Style | Beach House |
| Construction Materials | Concrete |
| Year Built | 2018 |
| Stories Count | 2 |
| Tax Year | 2025 |
| New Construction | false |
| Attached Garage | true |
| Total Rooms | 12 |
| Carport Y/N | false |
| Property Condition | Construction Complete |
| Association Fee Includes | Management,Master Association,Services |
| Pool Features | Pool Type |
| HOA | true |
Interior Features
| Total Baths | 4 |
|---|---|
| Interior Amenities | Newly Painted |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | Storm Windows |
Exterior Features
| Lot Features | Level |
|---|---|
| Lot Size Area | 0.16 |
| Lot Dimensions | 50x100 |
| Lot Size Acres | 0.16 |
| Road Frontage Type | City Street |
| Building Area Total | 2475 |
| Water Source | Well |
| Door Features | Storm Door(s) |
| Total Parking | 5 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32550
Price
Taxes
Year Built
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
