See Home Value
Miramar Beach 32550
150 Penelope Street
$1,150,000
● House - Off Market

150 Penelope Street

Miramar Beach, FL 32550
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$6,588
Est. Monthly
$450
HOA / Fees
2.92%
Cap Rate

About This Property

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
Unit Size
-
Days on Market
54 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$450
Year Built
2016

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (ECAR #984574)

Price History

Date / Event Date Event Price
Oct 27, 2025 Sold
Sold
Sep 30, 2025 In contract -
In contract
Sep 2, 2025 Listed by EXP Realty LLC $1,250,000
Listed by EXP Realty LLC
Oct 11, 2023 Sold
Sold
Jun 22, 2016 Sold
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 200
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 260
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,212
  • Gross Building Area: 2,212
  • Building Area: 1,952
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,952
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANGISTA BEACH THIRD ADDITION
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950609

Geography

  • Parcel: 29-2S-21-42060-00B-0100
  • Block: B01
  • Lot: 100
  • Meridian: SEC 29 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3803
  • Longitude: -86.3793

    Address

  • Full Address: 150 Penelope St
  • Address - House Number: 150
  • Address - Street Name: Penelope
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C015
  • 4-Digit Zip Code: 4643
  • Zip Code: 32550

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $590,149
  • Tax Rate Code Area: 7

    Market Valuation

  • Market Total Value: $425,144

    Assessments Valuation

  • Assessed Year: 2022

    Sales

  • Current Sale Contract Date: Oct 06, 2023
  • Current Sale Recording Date: Oct 11, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 36687
  • Previous Sale Recording Date: Jun 22, 2016
  • Previous Sale Contract Date: Jun 17, 2016
  • Previous Sale Amount: $456,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Miramar Beach


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 150 Penelope Street built and last sold?
The property at 150 Penelope Street was built in 2016 and last sold on Oct 6, 2023 for $1,038,000.
How much is this home worth?
The estimated value of the home located at 150 Penelope Street is $0.
What are some comparable homes to 150 Penelope Street?
There are currently no comparable homes to 150 Penelope Street.