Checks Every Box: NO HOA!, Gulf views, sleeps 24, 10 bedrooms, 11 bathrooms, private heated pool, pink Moke included, giant rec/game room, 5 driveway spaces, elite location. Using Bonus Depreciation an investor can obtain over $1,000,000 tax deduction in 2025. This home can handle multiple families and is completely turn-key ready and in immaculate condition. Seller did a complete head-to-toe refresh including furniture, decor, and window treatments. Luxury finishes throughout including ceiling beams, marble, custom bunks and pool waterfall. The first floor open concept with sliding doors creates the perfect beach vacation atmosphere. All the work has been meticulously done for you and this asset is ready to produce. Everything you see is included, don't wait for interest rates to drop. All information and dimensions to be verified by buyer. Great ACTUAL rental revenue, over $50k booked for 2026 in just first month. Always ask for "actuals", never projections.
For sale
Price cut: $200K (2/4)
$3,950,000
21 Penny Ln, Santa Rosa Beach, FL 32459
10beds
5,992sqft
Est.:
Single Family Residence
Built in 2022
0.25 Acres Lot
$3,725,100 Zestimate®
$659/sqft
$-- HOA
What's special
Private heated poolGulf viewsPool waterfallLuxury finishes throughoutCustom bunksCeiling beams
- 158 days |
- 348 |
- 13 |
Zillow last checked: 8 hours ago
Listing updated: February 05, 2026 at 12:33pm
Listed by:
Christopher G Moore 860-983-6091,
Stay on 30A Realty
Source: ECAOR,MLS#: 985492
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 11
- Full bathrooms: 9
- 1/2 bathrooms: 2
Bedroom
- Level: First
- Area: 201.9 Square Feet
- Dimensions: 13.17 x 15.33
Bedroom
- Level: First
- Area: 207.87 Square Feet
- Dimensions: 14.17 x 14.67
Bedroom
- Level: First
- Area: 193.52 Square Feet
- Dimensions: 13.58 x 14.25
Bedroom
- Level: Second
- Area: 276.56 Square Feet
- Dimensions: 14.75 x 18.75
Bedroom
- Level: Second
- Area: 215.21 Square Feet
- Dimensions: 14.67 x 14.67
Bedroom
- Level: Third
- Area: 273.38 Square Feet
- Dimensions: 14.58 x 18.75
Bedroom
- Level: Third
- Area: 163.65 Square Feet
- Dimensions: 14.33 x 11.42
Bedroom
- Level: Third
- Area: 188.73 Square Feet
- Dimensions: 14.33 x 13.17
Bonus room
- Level: Third
- Area: 279.96 Square Feet
- Dimensions: 23.33 x 12
Kitchen
- Level: Second
- Area: 343.9 Square Feet
- Dimensions: 18.42 x 18.67
Living room
- Level: Second
- Area: 500.63 Square Feet
- Dimensions: 25.17 x 19.9
Recreation room
- Level: First
- Area: 633.1 Square Feet
- Dimensions: 31.83 x 19.9
Heating
- Central, Natural Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Double Oven, Range Hood, Washer, Gas Water Heater, Tankless Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, Crown Molding, Vaulted Ceiling(s), Hallway Bunk Beds, Kitchen Island, Recessed Lighting, Owner's Closet, Pantry, Shelving, Upgraded Media Wing, Wet Bar, Woodwork Painted, Elevator
- Flooring: Hardwood, Tile
- Windows: Double Pane Windows, Window Treatments
- Attic: Pull Down Stairs
- Has fireplace: Yes
- Fireplace features: Gas, Fireplace 2+
- Furnished: Yes
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 5,992
- Total interior livable area: 5,992 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener
- Attached garage spaces: 2
Features
- Stories: 3
- Patio & porch: Covered, Patio, Porch
- Exterior features: Outdoor Grill, Balcony, Private Yard, Lawn Pump, Outdoor Shower, Sprinkler System, Outdoor Kitchen
- Has private pool: Yes
- Pool features: Heated, In Ground, Gunite
- Has spa: Yes
- Spa features: Heated
- Fencing: Privacy
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
Lot
- Size: 0.25 Acres
- Dimensions: 110' x 100'
- Features: Level, Within 1/2 Mile to Water
Details
- Parcel number: 023S20341600000254
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Beach House
- Property subtype: Single Family Residence
Materials
- Frame, Stucco, Trim Vinyl
- Roof: Slate,Roof Pitched
Condition
- Construction Complete
- New construction: No
- Year built: 2022
Utilities & green energy
- Water: Public
Green energy
- Energy efficient items: Doors
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Colleen's Cove
Location
- Region: Santa Rosa Beach
Financial & listing details
- Price per square foot: $659/sqft
- Tax assessed value: $3,605,971
- Annual tax amount: $32,938
- Date on market: 9/16/2025
- Road surface type: Paved
Estimated market value
$3,725,100
$3.54M - $3.91M
$4,771/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/4/2026 | Price change | $3,950,000-4.8%$659/sqft |
Source:  ECAOR #985492 Report a problem | ||
| 9/16/2025 | Listed for sale | $4,150,000-7.8%$693/sqft |
Source: ECAOR #985492 Report a problem | ||
| 11/22/2023 | Sold | $4,500,000-2.2%$751/sqft |
Source: ECAOR #901990 Report a problem | ||
| 10/16/2023 | Pending sale | $4,599,999$768/sqft |
Source: ECAOR #901990 Report a problem | ||
| 8/28/2023 | Price change | $4,599,999-1.1%$768/sqft |
Source: ECAOR #901990 Report a problem | ||
| 8/7/2023 | Price change | $4,650,000-2.1%$776/sqft |
Source: ECAOR #901990 Report a problem | ||
| 7/18/2023 | Price change | $4,750,000-2.1%$793/sqft |
Source: ECAOR #901990 Report a problem | ||
| 5/2/2023 | Price change | $4,850,000-2%$809/sqft |
Source: ECAOR #901990 Report a problem | ||
| 3/14/2023 | Price change | $4,950,000-2.9%$826/sqft |
Source: ECAOR #901990 Report a problem | ||
| 3/12/2023 | Price change | $5,100,000+8.5%$851/sqft |
Source: ECAOR #901990 Report a problem | ||
| 2/2/2023 | Price change | $4,699,000-1.1%$784/sqft |
Source: ECAOR #901990 Report a problem | ||
| 12/8/2022 | Price change | $4,750,000-4%$793/sqft |
Source: ECAOR #901990 Report a problem | ||
| 11/26/2022 | Price change | $4,950,000-3.9%$826/sqft |
Source: ECAOR #901990 Report a problem | ||
| 11/9/2022 | Price change | $5,150,000-1.9%$859/sqft |
Source: ECAOR #901990 Report a problem | ||
| 10/18/2022 | Price change | $5,250,000-4.5%$876/sqft |
Source: ECAOR #901990 Report a problem | ||
| 10/8/2022 | Price change | $5,499,999-3.4%$918/sqft |
Source: ECAOR #901990 Report a problem | ||
| 8/22/2022 | Price change | $5,695,000-5%$950/sqft |
Source: ECAOR #901990 Report a problem | ||
| 7/20/2022 | Price change | $5,995,000-4.1%$1,001/sqft |
Source: ECAOR #901990 Report a problem | ||
| 7/13/2022 | Price change | $6,250,000-2.3%$1,043/sqft |
Source: ECAOR #901990 Report a problem | ||
| 6/24/2022 | Listed for sale | $6,400,000+75.3%$1,068/sqft |
Source: ECAOR #901990 Report a problem | ||
| 4/22/2022 | Sold | $3,650,000-8.6%$609/sqft |
Source: ECAOR #885671 Report a problem | ||
| 11/11/2021 | Pending sale | $3,995,000$667/sqft |
Source: ECAOR #885671 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $32,938 +13.1% | $3,605,971 +12.5% |
| 2023 | $29,114 +972.1% | $3,204,119 +993.4% |
| 2022 | $2,716 +78% | $293,040 +85.9% |
| 2021 | $1,526 | $157,630 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$22,364/mo
Principal & interest
$19303
Property taxes
$3061
Climate risks
Neighborhood: 32459
Nearby schools
GreatSchools rating
- 10/10Bay Elementary SchoolGrades: K-5Distance: 9.2 mi
- 8/10Emerald Coast Middle SchoolGrades: 6-8Distance: 6.9 mi
- 8/10South Walton High SchoolGrades: 9-12Distance: 3.6 mi
Schools provided by the listing agent
- Elementary: Van R Butler
- 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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