The property generated $244,751 in gross rental revenue in 2025, with total guest-paid revenue of $284,173 inclusive of state, county, and tourism taxes. For 2026, there is currently $200,794.82 on the books as of February 19th, out pacing the same time last year. Ownership projects 2026 gross rental revenue in the $260,000 to $280,000 range. Southern Holiday Homes Projections are $276,350 for 2026.
Welcome to The Dune Retreat, an 8-bedroom, 8-bathroom coastal home on an elevated lot on Hillcrest Road, offering Gulf views, private resort-style amenities, and a layout well-suited for both personal use and short-term rental income. The home is a short walk to the beach via a pedestrian bridge over Oyster Lake, leading to a low-traffic access point with parking and rinse stations. Thoughtfully designed with both full-time living and rental potential in mind, the home features an open-concept floor plan with soaring ceilings, designer lighting, and a chef's kitchen equipped with dual full-size refrigerators, quartz countertops, custom cabinetry, and a custom wood-wrapped vent hood. The spacious dining area comfortably seats ten and is complemented by additional seating at the island, creating an ideal space for entertaining. The living room is warm and inviting, centered around a large sectional and a refined blend of coastal and modern finishes.
Each of the eight bedrooms offers privacy and comfort, with king-sized accommodations and beautifully appointed ensuite bathrooms featuring distinctive tile selections, gold fixtures, and walk-in showers. A thoughtfully designed bunk room includes built-in beds with individual lighting and storage, making it a perfect retreat for younger guests. Two expansive primary suites provide a true escape, complete with soaking tubs, dual vanities, and private balconies overlooking the Gulf and pool. An additional full bath serves the main living level.
Outdoor living is at the heart of the property, with multiple covered balconies designed for relaxation. The private ModPools container pool and spa feature a clear side viewing window and a removable divider for customizable heating. The pool deck offers ample space for lounging and gathering, along with a fire pit, outdoor dining area, built-in gas grill, and outdoor shower.
The rooftop deck serves as the crown jewel of the home, offering panoramic Gulf views and a private setting for sunset gatherings or morning coffee. Entertainment continues indoors with a dedicated game room featuring a full-size pool table, arcade games, and skee-ball, as well as a private theater room with reclining seating, projector screen, and wet bar.
Additional features include smart home capabilities throughout, two full washer and dryer sets, secure owner storage, generous parking for eight or more vehicles, a dedicated golf cart outlet, and a Tesla wall charger. Fully furnished and rental ready, The Dune Retreat delivers a rare combination of elevated design, strong income potential, and the relaxed sophistication that defines 30A living.
For sale
$2,850,000
221 Hillcrest Rd, Santa Rosa Beach, FL 32459
8beds
4,536sqft
Est.:
Single Family Residence
Built in 2024
-- sqft lot
$-- Zestimate®
$628/sqft
$-- HOA
What's special
Quartz countertopsBuilt-in gas grillPrivate resort-style amenitiesCustom cabinetrySmart home capabilities throughoutFire pitKing-sized accommodations
- 3 days |
- 421 |
- 23 |
Zillow last checked: 8 hours ago
Listing updated: February 19, 2026 at 10:08am
Listed by:
Michael Tounge 850-714-7605,
Scenic Sotheby's International Realty
Source: ECAOR,MLS#: 994954
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Bedroom
- Level: First
- Area: 189.06 Square Feet
- Dimensions: 13.75 x 13.75
Bedroom
- Level: First
- Area: 195.94 Square Feet
- Dimensions: 14.25 x 13.75
Bedroom
- Level: Second
- Area: 162.56 Square Feet
- Dimensions: 12.75 x 12.75
Bedroom
- Level: Second
- Area: 189.06 Square Feet
- Dimensions: 13.75 x 13.75
Bedroom
- Level: Second
- Area: 210.38 Square Feet
- Dimensions: 15.3 x 13.75
Bedroom
- Level: Second
- Area: 197.63 Square Feet
- Dimensions: 15.5 x 12.75
Bedroom
- Level: Third
- Area: 210.38 Square Feet
- Dimensions: 15.3 x 13.75
Bedroom
- Level: Third
- Area: 197.63 Square Feet
- Dimensions: 15.5 x 12.75
Other
- Level: Second
- Area: 308.88 Square Feet
- Dimensions: 14.3 x 21.6
Kitchen
- Level: First
- Area: 224.13 Square Feet
- Dimensions: 16.3 x 13.75
Living room
- Description: Living/Dining
- Level: First
- Area: 516.48 Square Feet
- Dimensions: 28.3 x 18.25
Living room
- Level: Third
- Area: 330 Square Feet
- Dimensions: 16.5 x 20
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Washer
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, Kitchen Island, Pantry, Woodwork Painted, Elevator
- Flooring: Hardwood, Tile
- Windows: Window Treatments
- Furnished: Yes
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,536
- Total interior livable area: 4,536 sqft
Property
Features
- Stories: 3
- Exterior features: Balcony
- Pool features: Heated
- Has spa: Yes
- Spa features: Heated
- Has view: Yes
- View description: Gulf, Lake
- Has water view: Yes
- Water view: Gulf,Lake
Lot
- Dimensions: 100' x 150' x 87' x 150'
- Features: Within 1/2 Mile to Water
Details
- Parcel number: 043S203407000B0160
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Beach House
- Property subtype: Single Family Residence
Materials
- Frame, Siding CmntFbrHrdBrd
- Roof: Metal
Condition
- Construction Complete
- New construction: No
- Year built: 2024
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: DUNE ALLEN 2ND ADDN
Location
- Region: Santa Rosa Beach
Financial & listing details
- Price per square foot: $628/sqft
- Tax assessed value: $450,000
- Annual tax amount: $4,110
- Date on market: 2/16/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/16/2026 | Listed for sale | $2,850,000-1.7%$628/sqft |
Source: | ||
| 7/18/2025 | Listing removed | $2,900,000$639/sqft |
Source: | ||
| 2/10/2025 | Listed for sale | $2,900,000+383.3%$639/sqft |
Source: | ||
| 3/29/2022 | Sold | $600,000+215.8%$132/sqft |
Source: Public Record Report a problem | ||
| 7/10/2020 | Sold | $190,000+2.7%$42/sqft |
Source: Public Record Report a problem | ||
| 1/9/2020 | Sold | $185,000$41/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,110 +0.5% | $450,000 |
| 2023 | $4,089 +115.1% | $450,000 +144.6% |
| 2022 | $1,901 +17.4% | $183,938 +10% |
| 2021 | $1,619 +6% | $167,216 +9.3% |
| 2020 | $1,527 +3.5% | $152,981 +3% |
| 2019 | $1,475 | $148,526 +3% |
| 2018 | $1,475 +2.6% | $144,200 +3% |
| 2017 | $1,438 +3.6% | $140,000 |
| 2016 | $1,388 | $140,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$16,212/mo
Principal & interest
$14003
Property taxes
$2209
Climate risks
Neighborhood: 32459
Nearby schools
GreatSchools rating
- 9/10Van R. Butler Elementary SchoolGrades: K-5Distance: 1.2 mi
- 8/10Emerald Coast Middle SchoolGrades: 6-8Distance: 7.7 mi
- 8/10South Walton High SchoolGrades: 9-12Distance: 4 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.











