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For sale
  • Price cut: $30K (3/13)
    $719,900

    135 Grayling Way, Inlet Beach, FL 32461

    3beds
    1,772sqft
    : 
    Single Family Residence
    Built in 2014
    3,049.2 Square Feet Lot
    $-- Zestimate®
    $406/sqft
    $-- HOA

    What's special

    Refreshed interiorsGenerous storage throughoutOpen and inviting layoutNew hot water heaterRain guttersUpdated hvac unitsCovered patio
    Perfectly positioned in the heart of Inlet Beach within the desirable Water View subdivision, 135 Grayling Way offers a true turnkey opportunity along the iconic Scenic Highway 30A corridor. Just minutes from Rosemary Beach and only .3 mile from your doorstep to the sand, this fully furnished 3 bedroom, 3 bathroom beach home blends comfort, quality, and investment potential. Thoughtfully updated and impeccably maintained, this property has never been rented and reflects exceptional owner care, including seasonal pressure washing, proactive whole-home maintenance, active termite bond, and professional landscape upkeep. Recent improvements include updated HVAC units, new hot water heater, outdoor shower, rain gutters, fenced backyard with covered entertaining oasis, and added storage closets for enhanced functionality. Inside, the open and inviting layout comfortably accommodates multiple guests, making it ideal as a primary residence, second home, or income-producing short-term rental. Rental projections exceed $60,000+ annually!, offering strong income potential from day one. Generous storage throughout sets this home apart from typical beach properties, adding practical convenience for both owners and guests. Outdoor living spaces create the perfect setting to unwind after a day on the Gulf, whether rinsing off under the outdoor shower, gathering around the fire in the evening, or relaxing beneath the covered patio. An extra-wide bike path just around the corner connects seamlessly to 30Avenue and extends over the bridge toward Panama City Beach. Pedestrian access through the nearby tunnel allows safe and easy passage beneath Highway 98 toward 30A and Rosemary Beach. Beach access is effortless via Inlet Beach Regional Beach Access at the southern end of South Orange Street, the largest access point in Walton County. Amenities include ample parking, restrooms, showers, and expansive natural dunes. Just offshore lies Grouper Reef, a popular artificial snorkel reef approximately 970 feet from shore, known for vibrant marine life including fish, dolphins, and sea turtles. Nature lovers will appreciate being just one mile from Camp Helen State Park, home to Lake Powell, one of the largest and rare coastal dune lakes in North America. Enjoy kayaking, paddleboarding, and exploring preserved coastal landscapes. The eastern end of 30A also provides quick access to Pier Park shopping and dining, as well as Northwest Florida Beaches International Airport (ECP) for convenient travel. With nearby beach access just .3 mile away, a location that consistently commands demand, and a fully furnished, move-in-ready property positioned for immediate rental income, 135 Grayling Way delivers exceptional value along 30A. Whether you're seeking a personal coastal retreat or a high-performing investment property, this Inlet Beach home offers refreshed interiors, rental-ready convenience, and a prime location near Rosemary Beach and the Gulf.
    28 days
    |
    1,920
    |
    71
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: March 13, 2026 at 01:30pm

    Listed by:

    Steve E Philpot 850-517-0284,

    EXP Realty LLC,

    Joshua D Legare 850-737-8830,

    EXP Realty LLC

    Source: ECAOR,MLS#: 995700MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Primary bedroom
      • Level: Second
      • Area: 210 Square Feet
      • Dimensions: 15 x 14
      Bedroom
      • Level: Second
      • Area: 132 Square Feet
      • Dimensions: 12 x 11
      Dining area
      • Level: First
      • Area: 110 Square Feet
      • Dimensions: 11 x 10
      Family room
      • Level: First
      • Area: 260 Square Feet
      • Dimensions: 20 x 13
      Garage
      • Level: First
      • Area: 198 Square Feet
      • Dimensions: 18 x 11
      Kitchen
      • Level: First
      • Area: 110 Square Feet
      • Dimensions: 11 x 10
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Disposal, Microwave, Refrigerator, Electric Water Heater
      • Laundry: Washer/Dryer Hookup
      Features
      • Breakfast Bar, Floor Allowance, Kitchen Island, Recessed Lighting, Owner's Closet
      • Flooring: Hardwood
      • Windows: Double Pane Windows, Window Treatments
      • Furnished: Yes
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 1,772
      • Total interior livable area: 1,772 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Garage Door Opener, Garage
      • Attached garage spaces: 1
      Features
      • Stories: 2
      • Patio & porch: Covered
      • Exterior features: Private Yard, Outdoor Shower
      • Fencing: Full
      Lot
      • Size: 3,049.2 Square Feet
      • Dimensions: 40 x 80
      • Features: Covenants, Interior Lot, Restrictions
      Details
      • Parcel number: 363S18168100000160
      • Zoning description: Resid Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Beach House
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Construction Complete
      • New construction: No
      • Year built: 2014

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: WATERVIEW AT INLET BEACH
      Location
      • Region: Inlet Beach

      Financial & listing details

      • Price per square foot: $406/sqft
      • Tax assessed value: $743,590
      • Annual tax amount: $3,191
      • Date on market: 2/19/2026
      • Road surface type: Paved
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/13/2026Price change$719,900-4%$406/sqft
        Source: ECAOR #995700 Report a problem
        2/19/2026Listed for sale$749,900-2.4%$423/sqft
        Source: eXp Realty #995700 Report a problem
        2/17/2026Listing removed--
        Source: Owner Report a problem
        1/30/2026Price change$768,500-0.1%$434/sqft
        Source: Owner Report a problem
        12/30/2025Price change$769,000+4.1%$434/sqft
        Source: Owner Report a problem
        12/6/2025Listed for sale$739,000$417/sqft
        Source: Owner Report a problem
        11/18/2025Listing removed$739,000$417/sqft
        Source: ECAOR #963529 Report a problem
        11/22/2024Listed for sale$739,000+130.2%$417/sqft
        Source: ECAOR #963529 Report a problem
        4/30/2018Sold$321,000-1.8%$181/sqft
        Source: CPAR #666340 Report a problem
        3/19/2018Pending sale$326,900$184/sqft
        Source: Keller Williams Success Realty #661145 Report a problem
        1/9/2018Price change$326,900-2.4%$184/sqft
        Source: Panama City Beach #661145 Report a problem
        11/1/2017Listed for sale$335,000$189/sqft
        Source: Panama City Beach #661145 Report a problem
        10/25/2017Pending sale$335,000$189/sqft
        Source: Keller Williams Success Realty #661145 Report a problem
        9/4/2017Price change$335,000-2.9%$189/sqft
        Source: Keller Williams Success Realty #661145 Report a problem
        7/20/2017Listed for sale$345,000+52.5%$195/sqft
        Source: Keller Williams Success Realty #661145 Report a problem
        6/17/2014Sold$226,240$128/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$3,128 +3.9%$380,726 +3%
        2023$3,011 +1.3%$369,637 +3%
        2022$2,972 -1.2%$358,871 +3%
        2021$3,008 -7.3%$348,418 +8.5%
        2020$3,247 +15.6%$321,184 +13.5%
        2019$2,809 $282,899 +3%
        2018$2,809 +18.7%$274,665 +1.9%
        2017$2,367 +2.8%$269,519 +25.7%
        2016$2,303 +7.3%$214,406 +4.1%
        2015$2,145 +2.5%$205,927 +707.6%
        2014$2,093 $25,500 +64.5%
        2013-- $15,500 +30.5%
        2012-- $11,875 -5%
        2011-- $12,500 -46.8%
        2010-- $23,500 -66.4%
        2009-- $70,000

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $4,119/mo
        Principal & interest
        $3561
        Property taxes
        $558
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          Climate risks

          Neighborhood: 32461

          Getting around

          34 / 100
          Car-Dependent
          59 / 100
          Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Dune Lakes
          • Middle: Emerald Coast
          • 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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