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For sale
  • Price cut: $30K (9/14)
    $1,500,000

    170 Penelope St, Miramar Beach, FL 32550

    4beds
    2,475sqft
    : 
    $9,359/mo
    Get pre-qualified
    Single Family Residence
    Built in 2018
    6,969 Square Feet Lot
    $1,438,000 Zestimate®
    $606/sqft
    $-- HOA

    What's special

    Multiple sleeping areasSpacious four-bedroom homeInviting open-concept layoutGenerous gathering spaces
    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. *Willing to provide a pool credit!* 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.
    156 days
    157
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jacklyn M Riley 703-969-0322,

    Corcoran Reverie SRB

    Source: ECAOR,MLS#: 1002642MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      Primary bedroom
      • Level: First
      • Area: 210 Square Feet
      • Dimensions: 15 x 14
      Bedroom
      • Level: Second
      • Area: 156 Square Feet
      • Dimensions: 13 x 12
      Bedroom
      • Level: Second
      • Area: 154 Square Feet
      • Dimensions: 14 x 11
      Primary bathroom
      • Level: First
      • Area: 156 Square Feet
      • Dimensions: 13 x 12
      Bathroom
      • Level: Second
      • Area: 120 Square Feet
      • Dimensions: 12 x 10
      Bathroom
      • Level: Second
      • Area: 120 Square Feet
      • Dimensions: 12 x 10
      Other
      • Level: First
      • Area: 78 Square Feet
      • Dimensions: 13 x 6
      Dining room
      • Level: First
      • Area: 117 Square Feet
      • Dimensions: 13 x 9
      Garage
      • Level: First
      • Area: 260 Square Feet
      • Dimensions: 20 x 13
      Kitchen
      • Level: First
      • Area: 126 Square Feet
      • Dimensions: 14 x 9
      Living room
      • Level: First
      • Area: 204 Square Feet
      • Dimensions: 17 x 12
      Office
      • Level: First
      • Area: 156 Square Feet
      • Dimensions: 13 x 12
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Refrigerator, Electric Water Heater
      Features
      • Newly Painted
      • Doors: Storm Door(s)
      • Windows: Storm Window(s)
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 2,475
      • Total interior livable area: 2,475 sqft

      Property

      Parking
      • Total spaces: 5
      • Parking features: Garage - Attached
      • Attached garage spaces: 1
      Features
      • Stories: 2
      • Patio & porch: Patio, Porch
      Lot
      • Size: 6,969 Square Feet
      • Dimensions: 50 x 100
      • Features: Level
      Details
      • Parcel number: 292S214206000B0070
      • Zoning description: Resid Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Beach House
      • Property subtype: Single Family Residence
      Materials
      • Concrete
      • Roof: Metal
      Condition
      • Construction Complete
      • New construction: No
      • Year built: 2018

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Features: Gated, Pool, Short Term Rental - Allowed
      • Subdivision: FRANGISTA BEACH 3rd ADDN
      HOA
      • Has HOA: Yes
      • Services included: Management, Services
      Location
      • Region: Miramar Beach

      Financial & listing details

      • Price per square foot: $606/sqft
      • Tax assessed value: $1,130,289
      • Annual tax amount: $8,414
      • Date on market: 5/8/2026

        Estimated market value

        $1,438,000

        $1.37M - $1.51M

        $8,197/mo

        Price history

        DateEventPrice
        9/14/2026Price change$1,500,000-2%$606/sqft
        Source: ECAOR #1002642 Report a problem
        8/26/2026Price change$1,530,000-0.3%$618/sqft
        Source: ECAOR #1002642 Report a problem
        8/24/2026Price change$1,535,000-0.3%$620/sqft
        Source: ECAOR #1002642 Report a problem
        8/14/2026Price change$1,540,000-0.6%$622/sqft
        Source: ECAOR #1002642 Report a problem
        8/12/2026Price change$1,550,000-0.6%$626/sqft
        Source: ECAOR #1002642 Report a problem
        7/31/2026Price change$1,560,000-0.6%$630/sqft
        Source: ECAOR #1002642 Report a problem
        7/29/2026Price change$1,570,000-0.3%$634/sqft
        Source: ECAOR #1002642 Report a problem
        7/23/2026Price change$1,575,000-0.3%$636/sqft
        Source: ECAOR #1002642 Report a problem
        7/21/2026Price change$1,580,000-0.6%$638/sqft
        Source: ECAOR #1002642 Report a problem
        7/8/2026Price change$1,590,000-0.6%$642/sqft
        Source: ECAOR #1002642 Report a problem
        6/25/2026Price change$1,600,000-0.5%$646/sqft
        Source: ECAOR #1002642 Report a problem
        6/19/2026Price change$1,608,000+0.1%$650/sqft
        Source: ECAOR #1002642 Report a problem
        6/8/2026Price change$1,607,000+0.1%$649/sqft
        Source: ECAOR #1002642 Report a problem
        6/1/2026Price change$1,606,000-0.1%$649/sqft
        Source: ECAOR #1002642 Report a problem
        5/28/2026Price change$1,607,0000%$649/sqft
        Source: ECAOR #1002642 Report a problem
        5/8/2026Listed for sale$1,607,500+6.1%$649/sqft
        Source: ECAOR #1002642 Report a problem
        3/1/2025Listing removed$1,515,000$612/sqft
        Source: ECAOR #960564 Report a problem
        10/6/2024Listed for sale$1,515,000+178%$612/sqft
        Source: ECAOR #960564 Report a problem
        7/25/2018Sold$545,000+361.9%$220/sqft
        Source: Public Record Report a problem
        11/18/2014Sold$118,000+47.5%$48/sqft
        Source: Public Record Report a problem
        8/15/2013Sold$80,000-52.9%$32/sqft
        Source: Public Record Report a problem
        11/13/2008Sold$170,000$69/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$8,415 +4.5%$753,665 +10%
        2024$8,049 +4.5%$685,150 +10%
        2023$7,701 +7.8%$622,864 +10%
        2022$7,144 +43.4%$566,240 +10%
        2021$4,983 +6.2%$514,764 +9.6%
        2020$4,690 +3.9%$469,838 +3.4%
        2019$4,514 $454,532 +302.6%
        2018$4,514 +301%$112,886 +3%
        2017$1,126 +3.6%$109,598 +9.2%
        2016$1,086 +8.2%$100,365 +1.6%
        2015$1,004 +0.1%$98,736 +26.3%
        2014$1,004 $78,200 +94.3%
        2013-- $40,250
        2012-- $40,250 +16.7%
        2011-- $34,500 -68.4%
        2010-- $109,250 -20.8%
        2009-- $138,000 -21.4%
        2008-- $175,500 +120.5%
        2007-- $79,581
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32550

        Getting around

        34 / 100
        Car-Dependent
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Destin
        • Middle: Destin
        • High: South Walton

        Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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