Exceptional investment opportunity in the heart of Santa Rosa Beach! This fully leased quadplex offers a highly desirable unit mix of four spacious 3-bedroom, 2-bathroom floor plans--a rare configuration in this corridor that commands premium tenant demand and low vacancy. Two of the four units have been completely renovated with modern finishes, setting a high benchmark for rental rates. The remaining units present a clear value-add pathway to bump future rents and maximize yield. Additional features include dedicated exterior storage areas on the side of the building for each unit, providing ideal space for tenant beach gear, bikes, and extra storage. This property delivers immediate, predictable income from day one. Positioned just minutes from Highway 98, Gulf Place, local dining, and the white sand beaches of 30A, this multi-family asset is an outstanding addition to any portfolio.
Santa Rosa Beach, located between Grayton Beach State Park and Seaside, is a coastal and low-rise Miramar Beach neighborhood with dune-backed shorelines and pine-flatwood trails. The neighborhood’s character concentrates around the 30A corridor near the County Highway 393 junction, where bike traffic, beach cruisers, and small storefronts set a relaxed, design-forward pace. Architectural cues lean toward coastal cottages and contemporary beach homes with deep porches and metal roofs. Gulf views and rare coastal dune lakes shape daily rhythms, with boardwalks and trailheads threading through scrub and sand. Community pillars include The REP Theatre in Seaside, the open-air E.O. Wilson Park, and the long-running Grayton Beer Company taproom.
Provided by Walk Score and Local Logic
Market insights
108 Don Bishop Rd #19 · $944,900
DAYS ON MARKET
20 days
The average home goes pending in 82 days.
SALE-TO-LIST
96.5%
Most homes are selling 4% below list price.
LIST PRICE
$944,900
Median list price in this area is $755,607. (20% lower than this home)
PRICE DROP
0 price drops
20% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
14 total rooms
Bedrooms
12 bedrooms
Master bedrooms located on both the first and second floors
Bedrooms located on both the first and second floors
Bathrooms
8 bathrooms (all full)
Kitchen
Kitchens on both the first and second floors
Refrigerator
Laundry & utility
Washer
Dryer
Heating & cooling
Two or more air conditioning units
Home design
Fourplex
Multiple stories with living spaces on first and second floors
Construction
Built in 2005
Cement fiberboard siding
Metal roof
Utilities
Electric service
Public water
Public sewer
HOA & community
Has association
Association fees cover accounting and master association services
Short-term rentals allowed in the community
Located in the Church Hill Bayou Santa Rosa Place subdivision
Electricity and solar
View estimated energy costs and solar savings for this home