14 Blue Wave Drive, Santa Rosa Beach, FL 32459
Local realty services provided by:ERA American Real Estate
14 Blue Wave Drive,Santa Rosa Beach, FL 32459
$10,500,000
- 18 Beds
- 24 Baths
- 17,088 sq. ft.
- Single family
- Active
Listed by: stuart kirby, scott c markowitz
Office: scenic sotheby's international realty
MLS#:1007386
Source:FL_ECAR
Price summary
- Price:$10,500,000
- Price per sq. ft.:$614.47
About this home
JUST COMPLETED! New Construction 6-Unit Portfolio Available - Blu Wave at Blue Mountain Beach
Just Completed! This is a rare chance to acquire all six luxurious townhomes in the exclusive Blu Wave boutique development as a complete package. Brand-new construction, this turnkey investment is poised to generate gross rental revenue potential exceeding $700,000+ per year.
Each of the six residences delivers 2,848 square feet of heated and cooled living space, plus expansive outdoor living areas designed for maximum coastal appeal. The standout feature is an expansive rooftop terrace with a wood pergola--perfect for installing a hot tub, entertaining guests, or capturing unforgettable Gulf sunsets. Multiple balconies off the open living areas and third-floor primary suites create seamless indoor-outdoor flow and deliver panoramic views of Draper Lake and the Gulf.
Interiors are built for both luxury living and strong rental performance, featuring a second-floor open-concept layout that seamlessly integrates the kitchen, dining, and living spaces--ideal for entertaining and everyday enjoyment. Each townhome includes three spacious bedrooms with ensuite baths, a convenient guest powder room, and a three-stop elevator for effortless multi-level access. Ample carport-style parking beneath each unit easily accommodates multiple vehicles and guests.
Located in the serene, low-traffic enclave of Blue Mountain Beach along Scenic Highway 30A, Blu Wave benefits from one of the most desirable addresses on Florida's Emerald Coast. The area is famous for its towering sand dunes, sugar-white beaches, turquoise waters, and rare coastal dune lakes like Draper Lake. This quieter, more exclusive vibe compared to busier neighboring communities supports premium rental rates and strong year-round demand from discerning vacationers and seasonal residents.
Investment highlights
" Brand new construction - immediate income potential upon completion
" Limited to just six units total - exclusivity drives higher occupancy and rates
" Exceptional rental upside with projected gross revenues over $700,000+ annually for the full portfolio
" Luxury and breathtaking views that command top-tier nightly/weekly rates
" Prime 30A location with strong appreciation history and consistent tourism demand
Blu Wave perfectly combines sophisticated coastal luxury, privacy, and outstanding income-generating potential in one of South Walton's most coveted beach communities....
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Home facts
- Year built:2026
- Listing ID #:1007386
- Added:10 day(s) ago
- Updated:July 21, 2026 at 07:53 AM
Rooms and interior
- Bedrooms:18
- Total bathrooms:24
- Full bathrooms:18
- Half bathrooms:6
- Rooms Total:20
- Kitchen Description:Dishwasher, Microwave, Refrigerator
- Living area:17,088 sq. ft.
Heating and cooling
- Central air:Yes
Structure and exterior
- Year built:2026
- Building area:17,088 sq. ft.
- Lot area:0.82 Acres
- Lot Features:Covenants, Restrictions
- Architectural Style:Townhome
Schools
- High school:South Walton
- Middle school:Emerald Coast
- Elementary school:Dune Lakes
Finances and disclosures
- Price:$10,500,000
- Price per sq. ft.:$614.47
- Tax amount:$8,318 (2025)
Features and amenities
- Appliances:Dishwasher, Microwave, Refrigerator
- Amenities:Elevator
Parking
- Carport spaces:18
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