150K+ IN RENTAL! WOW!
Built with both guests and owners in mind, the spacious floor plan offers multiple sleeping areas, open-concept living spaces, and the features today's renters are looking for in a premium beach destination. BRING AN OFFER! Motivated!
Whether you're expanding your investment portfolio or searching for a beach home that can generate income when you're away, this property checks all the boxes.
One of the standout features is the backyard, which offers room for a private pool--a highly desirable amenity that could significantly enhance rental appeal and income potential. With short-term rentals permitted, investors have the opportunity to further increase the property's earning power by creating the ultimate beach retreat.
Guests will love the proximity to the beach, nearby restaurants, shopping, golf, and entertainment, all accessible by foot, bike, or golf cart.
Located in the highly sought-after Frangista Beach community, 170 Penelope Street offers investors the opportunity to own in one of Miramar Beach's most established and desirable vacation rental neighborhoods. Known for its beach access, charming coastal architecture, golf-cart-friendly streets, and proximity to Destin's best attractions, Frangista Beach continues to attract families and vacationers year after year.
EASY SHOW! BRING AN OFFER! Whether you're looking for a long-term investment, vacation rental potential, or a second home to make your own, this property checks all the boxes.
For sale
Price cut: $8K (6/25)
$1,600,000
170 Penelope St, Miramar Beach, FL 32550
4beds
2,475sqft
Single Family Residence
Built in 2018
6,969 Square Feet Lot
$1,527,500 Zestimate®
$646/sqft
$-- HOA
What's special
Beach accessMultiple sleeping areasSpacious floor planOpen-concept living spacesCharming coastal architectureGolf-cart-friendly streets
- 60 days |
- 97 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Jacklyn M Riley 703-969-0322,
Corcoran Reverie SRB
Source: ECAOR,MLS#: 1002642
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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: $646/sqft
- Tax assessed value: $1,130,289
- Annual tax amount: $8,414
- Date on market: 5/8/2026
Estimated market value
$1,527,500
$1.45M - $1.60M
$6,207/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Price change | $1,600,000-0.5%$646/sqft |
Source:  ECAOR #1002642 Report a problem | ||
| 6/19/2026 | Price change | $1,608,000+0.1%$650/sqft |
Source: ECAOR #1002642 Report a problem | ||
| 6/8/2026 | Price change | $1,607,000+0.1%$649/sqft |
Source: ECAOR #1002642 Report a problem | ||
| 6/1/2026 | Price change | $1,606,000-0.1%$649/sqft |
Source: ECAOR #1002642 Report a problem | ||
| 5/28/2026 | Price change | $1,607,0000%$649/sqft |
Source: ECAOR #1002642 Report a problem | ||
| 5/8/2026 | Listed for sale | $1,607,500+6.1%$649/sqft |
Source: ECAOR #1002642 Report a problem | ||
| 3/1/2025 | Listing removed | $1,515,000$612/sqft |
Source: ECAOR #960564 Report a problem | ||
| 10/6/2024 | Listed for sale | $1,515,000+178%$612/sqft |
Source: ECAOR #960564 Report a problem | ||
| 7/25/2018 | Sold | $545,000+361.9%$220/sqft |
Source: Public Record Report a problem | ||
| 11/18/2014 | Sold | $118,000+47.5%$48/sqft |
Source: Public Record Report a problem | ||
| 8/15/2013 | Sold | $80,000-52.9%$32/sqft |
Source: Public Record Report a problem | ||
| 11/13/2008 | Sold | $170,000$69/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $79,581 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 32550
Nearby schools
GreatSchools rating
- 9/10Van R. Butler Elementary SchoolGrades: K-5Distance: 7.2 mi
- 8/10Emerald Coast Middle SchoolGrades: 6-8Distance: 15.9 mi
- 8/10South Walton High SchoolGrades: 9-12Distance: 11.8 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Walton County
- Miramar Beach
- 32550
- 170 Penelope St
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