For sale

$4,150,000

21 Penny Ln, Santa Rosa Beach, FL 32459

10beds

5,992sqft

Est.:

Single Family Residence

Built in 2022

0.25 Acres Lot

$3,873,300 Zestimate^®

$693/sqft

$-- HOA

What's special

Luxury finishesPrivate heated poolGulf viewsPool waterfallComplete head-to-toe refreshCustom bunksOpen concept

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.

106 days

459

20

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 11
Full bathrooms: 9
1/2 bathrooms: 2

Primary bedroom

Features: MBed Balcony, Walk-In Closet(s)

Primary bathroom

Features: MBath Cultured Mrble, Double Vanity, MBath Dressing Area, MBath Separate Shwr, MBath Tile, Walk-In Closet(s)

Kitchen

Level: Second

Living room

Level: Second

Heating

Electric

Cooling

AC - 2 or More, Electric, Ceiling Fan(s)

Appliances

Included: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Double Oven, Range Hood, Refrigerator W/IceMk, Gas Range, Washer, Wine Refrigerator, Gas Water Heater, Tankless Water Heater
Laundry: Washer/Dryer Hookup

Features

Breakfast Bar, Crown Molding, High Ceilings, Elevator, Hallway Bunk Beds, Kitchen Island, Recessed Lighting, Owner's Closet, Pantry, Shelving, Upgraded Media Wing, Wet Bar, Woodwork Painted, Bedroom, Bonus Room, Kitchen, Living Room, Recreation Room
Flooring: Hardwood, Tile
Doors: Insulated Doors
Windows: Double Pane Windows, Window Treatmnt Some
Attic: Pull Down Stairs
Has fireplace: Yes
Fireplace features: Fireplace, Fireplace 2+, Gas
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: 7
Parking features: Attached, Garage Door Opener
Attached garage spaces: 2
Has uncovered spaces: Yes

Features

Stories: 3
Patio & porch: Patio Covered, Patio Open, Porch
Exterior features: Balcony, Barbecue, Hot Tub, Lawn Pump, Outdoor Shower, Sprinkler System, Outdoor Kitchen
Has private pool: Yes
Pool features: Private, Gunite, Heated, In Ground
Has spa: Yes
Fencing: Back Yard,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: Roof Pitched,Roof Tile/Slate

Condition

Construction Complete
Year built: 2022

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Cable Connected

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Colleen's Cove

Location

Region: Santa Rosa Beach

Financial & listing details

Price per square foot: $693/sqft
Tax assessed value: $3,605,971
Annual tax amount: $32,938
Date on market: 9/16/2025
Cumulative days on market: 107 days
Listing terms: Conventional
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$3,873,300

$3.68M - $4.07M

$3,184/mo

Price history

Date	Event	Price
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