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Off market
  • $1,655,900

    12 Penelope St, Miramar Beach, FL 32550

    8beds
    8baths
    3,249sqft
    SingleFamily
    Built in 2019
    6,098 Square Feet Lot
    $1,655,900 Zestimate®
    $510/sqft
    $7,789 Estimated rent

    Home value

    $1,655,900

    $1.51M - $1.82M

    $7,789/mo

    Zestimate® history
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    $10,287/mo

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    What's special

    Immaculate recently constructed home, primely positioned in the upscale Villas of Frangista Beach neighborhood, offers exceptional turnkey rental income. With gross revenue of $156k (actual rental rate, not including taxes, fees, cleaning, etc.) in 2020, and over $125k already booked with projections to reach $165k in 2021, this home is a proven rental machine. Purposefully designed from the ground up to achieve top rental income and vacation living, this home features 8 bedrooms and 7.5 baths, with a 3rd floor entertainment suite and a resort-style pool. Upscale finishes include granite and quartz counters, an oversized kitchen with modern stainless steel appliances, and a large open floor plan designed to entertain and flow with the outdoor amenities. 2021-05-20

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    Heating
    • Forced air
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator
    Features
    • Flooring: Tile, Hardwood
    Interior area
    • Total interior livable area: 3,249 sqft

    Property

    Features
    • Exterior features: Cement / Concrete
    Lot
    • Size: 6,098 sqft
    Details
    • Parcel number: 322S214205000F0010

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Metal
    Condition
    • Year built: 2019

    Community & neighborhood

    Location
    • Region: Miramar Beach

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $100 monthly

    Price history

    DateEventPrice
    5/21/2021Sold$1,625,000+1.6%$500/sqft
    Source: ECAOR #867944 Report a problem
    4/12/2021Pending sale$1,599,000$492/sqft
    Source: Engel & Volkers #867944 Report a problem
    4/9/2021Listed for sale$1,599,000$492/sqft
    Source: Engel & Volkers #867944 Report a problem
    4/1/2021Pending sale$1,599,000$492/sqft
    Source: Engel & Volkers #867944 Report a problem
    4/1/2021Listed for sale$1,599,000$492/sqft
    Source: ECAOR #867944 Report a problem
    3/30/2021Pending sale$1,599,000$492/sqft
    Source: ECAOR #867944 Report a problem
    3/30/2021Listed for sale$1,599,000+788.3%$492/sqft
    Source: Engel & Volkers #867944 Report a problem
    8/15/2018Sold$180,000+45.2%$55/sqft
    Source: Public Record Report a problem
    4/27/2018Sold$124,000+1.6%$38/sqft
    Source: Public Record Report a problem
    6/23/2017Sold$122,000+35.6%$38/sqft
    Source: Public Record Report a problem
    7/1/2016Sold$90,000-82%$28/sqft
    Source: Public Record Report a problem
    10/14/2004Sold$500,000+11.1%$154/sqft
    Source: Public Record Report a problem
    7/7/2004Sold$450,000$139/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,487 -13.1%$1,160,624 -12.1%
    2024$12,065 +3.1%$1,320,846 +5.5%
    2023$11,708 +11%$1,252,463 +10%
    2022$10,552 +79.7%$1,138,603 +91.8%
    2021$5,871 +9%$593,557 +10%
    2020$5,386 +384.2%$539,597 +381.7%
    2019$1,113 $112,023 +19.6%
    2018$1,113 +19.1%$93,665 +3%
    2017$934 +3.6%$90,936 +4%
    2016$901 +3%$87,439 -49.2%
    2015$875 -34.9%$172,040 +26.5%
    2014$1,343 $136,000 +70%
    2013-- $80,000
    2012-- $80,000 +33.3%
    2011-- $60,000 -68.4%
    2010-- $190,000 -20.8%
    2009-- $240,000 -31.6%
    2008-- $351,000 -46%
    2007-- $650,000 +52.9%
    2005-- $425,000 +388.5%
    2004-- $87,000
    2003-- $87,000 +36.4%
    2002-- $63,800 +86.4%
    2001-- $34,220

    Find assessor info on the county website

    Neighborhood: 32550

    Nearby schools

    GreatSchools rating
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    $1,655,900
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    +$33,118
    With Zillow Showcase(estimated)
    $1,689,018