21 Penny Lane, Santa Rosa Beach, FL 32459
Local realty services provided by:ERA American Real Estate
Upcoming open houses
- Sat, Aug 2903:00 pm - 05:00 pm
- Sun, Aug 3003:00 pm - 05:00 pm
Listed by: the richards group
Office: compass
MLS#:1010814
Source:FL_ECAR
Price summary
- Price:$3,800,000
- Price per sq. ft.:$634.18
About this home
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....
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Home facts
- Year built:2022
- Subdivision & Development:Colleen's Cove
- Listing ID #:1010814
- Added:1 day(s) ago
- Updated:August 29, 2026 at 05:50 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:11
- Full bathrooms:9
- Half bathrooms:2
- Rooms Total:12
- Kitchen Description:Cooktop, Dishwasher, Disposal, Double Oven, Freezer, Ice Machine, Microwave, Oven Self Cleaning, Range Hood, Refrigerator/Icemaker, Stove/Oven Gas, Wine Refrigerator
- Living area:5,992 sq. ft.
Structure and exterior
- Year built:2022
- Building area:5,992 sq. ft.
- Lot area:0.25 Acres
- Lot Features:Level
- Architectural Style:Beach House
- Exterior Features:BBQ Pit/Grill, Balcony, Fenced Area, Hot Tub, Lawn Pump, Shower, Sprinkler System, Summer Kitchen
Schools
- High school:South Walton
- Middle school:Emerald Coast
- Elementary school:Van R Butler
Utilities
- Water:Public Water
Finances and disclosures
- Price:$3,800,000
- Price per sq. ft.:$634.18
- Tax amount:$27,462 (2025)
Features and amenities
- Appliances:Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Double, Oven Self Cleaning, Range Hood, Refrigerator w/Ice Maker, Stove/Oven Gas, Washer, Wine Refrigerator
- Laundry features:Dryer, Washer
- Amenities:Breakfast Bar, Elevator, Kitchen Island, Pantry, Wet Bar
Parking
- Garage:Yes
- Garage spaces:2
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