Discover the pinnacle of sophisticated beachside living at this premier multi-family estate, perfectly positioned along Florida's iconic Emerald Coast. Designed for those who demand both exclusivity and exceptional performance, this turnkey compound offers a rare opportunity to own a world-class retreat in the heart of the sought-after Blue Mountain Beach. A Masterpiece of Design and Comfort Spanning multiple levels of refined living, this residence is an architectural triumph. An integrated elevator provides seamless accessibility throughout, ensuring comfort for guests of all generations. The home's interior is a study in curated elegance, featuring high-end finishes and bespoke design elements that cater to the most discerning tastes. With the capacity to accommodate 24 guests in absolute comfort, the estate is expertly configured for grand retreats and private gatherings. The layout includes: * 8 King Master Suites: Each a private sanctuary of relaxation. * 2 Bespoke Bunk Rooms: Thoughtfully designed to sleep four guests each. * 9 Full Bathrooms & 2 Half Baths: Featuring spa-inspired designer tile, quartz surfaces, and premium fixtures. * Culinary Excellence: A state-of-the-art chef's kitchen, equipped with a six-burner gas range, double refrigeration, and expansive quartz counters. A secondary kitchenette on the third level offers added convenience for seamless entertaining. The exterior is an extension of the home's luxury, crafted for the ultimate al fresco lifestyle. Enjoy a private, resort-style swimming pool, an outdoor shower, and a built-in gas grill. As the sun sets, the ambiance transforms with glowing pool lighting and the warmth of a custom swim up pool and spa and linear gas fire wall--the perfect setting for evenings under the coastal stars. Proven performance, this property is a formidable investment. The estate demonstrates a robust and consistent revenue stream. The absence of an HOA grants the owner complete autonomy over rental management and usage. For those seeking a hands-off approach, the option remains to continue a partnership with the Southern Holiday Homes, ensuring the property remains a premier destination for high-end clientele. Situated just moments from the turquoise waters and quartz-sand beaches of the Emerald Coast, this residence offers immediate access to the vibrant dining, golf, and leisure attractions of the 30A corridor. Whether you are seeking a private family compound or a high-yield luxury investment, this estate represents a singular opportunity to secure a legacy property in one of the most desirable coastal markets.
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
Offer insights
21 Penny Ln · $3,800,000
$3.76M and above
75% chance or better to win
Why $3.76M+ is a strong offer
DAYS ON MARKET
57 days
The average home goes pending in 88 days.
SALE-TO-LIST
96.5%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Furnished
Breakfast bar
Beamed ceilings
Crown molding
Vaulted ceilings
Fireplaces (multiple)
Hallway bunk beds
Kitchen island
Recessed lighting
Owner's closet
Pantry
Pull-down attic stairs
Built-in shelving
Upgraded media wing
Washer/dryer hookup
Wet bar
Painted woodwork
Elevator
Double pane windows
Window treatments
Doors with energy-efficient features
Bedrooms
10 bedrooms (various levels including first, second and third; several with walk-in closets)
Master suite with walk-in closet, balcony, dressing area, double vanity, cultured marble surfaces, separate shower and tile finishes
Bathrooms
11 bathrooms total
9 full baths
2 half baths
Master bathroom features include double vanity, separate shower and tile
Kitchen
Cooktop
Dishwasher
Disposal
Double oven
Range hood
Microwave
Freezer
Kitchen island
Pantry
Breakfast bar
Outdoor kitchen noted in exterior features
Laundry & utility
Washer and dryer included in appliances list (washer, dryer)
Washer/dryer hookup
Gas water heater and tankless water heater
Flooring
Hardwood floors
Tile floors
Heating & cooling
Central heating (natural gas)
Multiple AC units (2 or more)/heat pump system
Ceiling fans
Electric heat controls
Exterior features
Outdoor grill
Balcony
Private yard
Hot tub
Lawn pump
In-ground heated pool (gunite/concrete)
Outdoor shower
Sprinkler system
Outdoor kitchen
Covered and open patios and a porch
Privacy fencing
Level lot within 1/2 mile to water
Paved road access
Home design
Beach house style
3 stories
Built in 2022
Gulf view
Parking
Attached 2-car garage
Driveway with space for about 5 vehicles
Garage door opener
Security
Smoke detectors
Construction
Frame construction with stucco and vinyl trim
Pitched roof
Slate roofing
Utilities
Public water
Public sewer
Electric service
Natural gas available
TV cable
HOA & community
Subdivision: Colleen's Cove
Electricity and solar
View estimated energy costs and solar savings for this home
Discover the pinnacle of sophisticated beachside living at this premier multi-family estate, perfectly positioned along Florida's iconic Emerald Coast. Designed for those who demand both exclusivity and exceptional performance, this turnkey compound offers a rare opportunity to own a world-class retreat in the heart of the sought-after Blue Mountain Beach. A Masterpiece of Design and Comfort Spanning multiple levels of refined living, this residence is an architectural triumph. An integrated elevator provides seamless accessibility throughout, ensuring comfort for guests of all generations. The home's interior is a study in curated elegance, featuring high-end finishes and bespoke design elements that cater to the most discerning tastes. With the capacity to accommodate 24 guests in absolute comfort, the estate is expertly configured for grand retreats and private gatherings. The layout includes: * 8 King Master Suites: Each a private sanctuary of relaxation. * 2 Bespoke Bunk Rooms: Thoughtfully designed to sleep four guests each. * 9 Full Bathrooms & 2 Half Baths: Featuring spa-inspired designer tile, quartz surfaces, and premium fixtures. * Culinary Excellence: A state-of-the-art chef's kitchen, equipped with a six-burner gas range, double refrigeration, and expansive quartz counters. A secondary kitchenette on the third level offers added convenience for seamless entertaining. The exterior is an extension of the home's luxury, crafted for the ultimate al fresco lifestyle. Enjoy a private, resort-style swimming pool, an outdoor shower, and a built-in gas grill. As the sun sets, the ambiance transforms with glowing pool lighting and the warmth of a custom swim up pool and spa and linear gas fire wall--the perfect setting for evenings under the coastal stars. Proven performance, this property is a formidable investment. The estate demonstrates a robust and consistent revenue stream. The absence of an HOA grants the owner complete autonomy over rental management and usage. For those seeking a hands-off approach, the option remains to continue a partnership with the Southern Holiday Homes, ensuring the property remains a premier destination for high-end clientele. Situated just moments from the turquoise waters and quartz-sand beaches of the Emerald Coast, this residence offers immediate access to the vibrant dining, golf, and leisure attractions of the 30A corridor. Whether you are seeking a private family compound or a high-yield luxury investment, this estate represents a singular opportunity to secure a legacy property in one of the most desirable coastal markets.
ECAR #1010814
Aug 29, 2026
Listed
$3,800,000
$634/sq ft
ECAR #985492
Feb 4, 2026
Price Changed
$3,950,000
$659/sq ft
Sep 16, 2025
Listed
$4,150,000
$693/sq ft
ECAR #901990
Nov 22, 2023
Sold
$4,500,000
$751/sq ft
Aug 28, 2023
Price Changed
$4,599,999
$768/sq ft
Aug 28, 2023
Relisted
—
Aug 7, 2023
Price Changed
$4,650,000
$776/sq ft
Jul 18, 2023
Price Changed
$4,750,000
$793/sq ft
May 2, 2023
Price Changed
$4,850,000
$809/sq ft
Mar 14, 2023
Price Changed
$4,950,000
$826/sq ft
Mar 12, 2023
Price Changed
$5,100,000
$851/sq ft
Feb 2, 2023
Price Changed
$4,699,000
$784/sq ft
Dec 27, 2022
Relisted
—
Dec 25, 2022
Delisted
—
Dec 8, 2022
Price Changed
$4,750,000
$793/sq ft
Nov 26, 2022
Price Changed
$4,950,000
$826/sq ft
Nov 9, 2022
Price Changed
$5,150,000
$859/sq ft
Oct 18, 2022
Price Changed
$5,250,000
$876/sq ft
Oct 8, 2022
Price Changed
$5,499,999
$918/sq ft
Aug 22, 2022
Price Changed
$5,695,000
$950/sq ft
Jul 20, 2022
Price Changed
$5,995,000
$1,001/sq ft
Jul 13, 2022
Price Changed
$6,250,000
$1,043/sq ft
Jun 24, 2022
Listed
$6,400,000
$1,068/sq ft
NAMLS #1
Mar 14, 2023
Price Changed
$4,950,000
$826/sq ft
Mar 12, 2023
Price Changed
$5,100,000
$851/sq ft
Feb 2, 2023
Price Changed
$4,699,000
$784/sq ft
Dec 8, 2022
Price Changed
$4,750,000
$793/sq ft
Nov 26, 2022
Price Changed
$4,950,000
$826/sq ft
Nov 9, 2022
Price Changed
$5,150,000
$859/sq ft
Oct 18, 2022
Price Changed
$5,250,000
$876/sq ft
Oct 8, 2022
Price Changed
$5,499,999
$918/sq ft
Aug 22, 2022
Price Changed
$5,695,000
$950/sq ft
Jul 20, 2022
Price Changed
$5,995,000
$1,001/sq ft
Jul 13, 2022
Price Changed
$6,250,000
$1,043/sq ft
ECAR #885671
Apr 22, 2022
Sold
$3,650,000
$609/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$27,462 (−16.6%)
$495,000 + $2,544,315
$3,039,315
2024
$32,938 (+13.1%)
$495,000 + $3,110,971
$3,605,971
2023
$29,114 (+972.1%)
$495,000 + $2,709,119
$3,204,119
2022
$2,716 (+78.0%)
$293,040
2021
$1,526
$157,630
Public record
Public record
Zoning
Beds
8
Baths
9
Stories
3
Lot width
11 ft.
Lot depth
10 ft.
Lot size
0.25 Acres
Year renovated
2022
Finished Sq. Ft.
6,413
Unfinished Sq. Ft.
—
Total Sq. Ft.
6,413
Year built
2022
Style
Single Family Residential
County
Walton County
APN
023S20341600000254
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 9, 2026.
VMU
Village Mixed Use Center District
This district is intended for small scale mixed use development designed to serve a series of neighborhoods.
Permitted uses
Include but are not limited to:
Gas station
Bank
Convenience store
General retail
Retail-Grocery
Restaurant
Housing-Single unit
Housing-Multiple units
Mixed use building
Office
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 104° expected this year, 22 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Santa Rosa Beach, FL • 32459
Average low and high temperatures (°F)
59
43
65
52
71
57
76
64
80
70
86
76
88
79
86
77
86
72
79
66
73
59
64
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
48/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
6 hrs
1.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 21 Penny Ln
$3,630,380
$170K under list price of $3.80M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.8M to $4.7M.