297 Gulf Shore Drive
Santa Rosa Beach, Florida 32459
Listed by: Berkshire Hathaway Home Services PenFed Realty (850) 267-0013
$3,800,000
21 Penny Lane, Santa Rosa Beach, Florida 32459 Map
Listing courtesy of Compass Florida, LLC
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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Estimated monthly payment
$22,365
Estimates only, for planning. Your rate, taxes, insurance and dues will differ. Ask a licensed lender for a quote.
Listing courtesy of Compass Florida, LLC
© 2026 Central Panhandle Association of Realtors (CPAR). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of CPAR. Real estate listings held by IDX Brokerage firms other than Life's a Beach Real Estate are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is deemed reliable but not guaranteed. Data last updated: Saturday, October 31st, 2026 at 04:10:48 AM.
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Santa Rosa Beach, Florida 32459
Listed by: Berkshire Hathaway Home Services PenFed Realty (850) 267-0013
Santa Rosa Beach, Florida 32459
Listed by: Compass (850) 329-5013
Santa Rosa Beach, Florida 32459
Listed by: Berkshire Hathaway Home Services PenFed Realty (850) 267-0013
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