64 Banfill St, Santa Rosa Beach, FL 32459

A Grayton Beach rarity: Western Lake views, a private guest cottage, a resort-style pool, and projected rental income of up to $373,000 annually combine to create a property as versatile as it is unforgettable. Timeless Grayton Beach character meets thoughtful modern renovation in this rare dual-residence offering just steps from Western Lake, the shoreline, and the heart of one of 30A's most storied beach villages. Originally built in 1970 and extensively reimagined, the property pairs a gracious main home with a fully detached private cottage, creating flexibility for hosting, multigenerational living, or income potential without sacrificing privacy or charm. The main residence spans approximately 2,910 square feet with five bedrooms and four-and-a-half baths across three levels. Recent updates include a fully redesigned kitchen, renovated bathrooms, fresh interior paint, new flooring, updated wiring and plumbing, two HVAC systems, new appliances, and a new roof. From the inviting front porch, morning coffee is enjoyed with tranquil views toward Western Lake. Inside, the first floor opens to a generous living and dining area that flows seamlessly into the kitchen, which offers ample space for an island and connects to a comfortable sitting or game room. A mudroom off the kitchen adds a half bath, a full-sized laundry, and direct access to the side yard for grilling. Two first-floor bedrooms feature updated ensuite baths, while a rear hallway leads directly to the backyard. Upstairs, the second level offers two additional bedrooms and two full baths. The third floor serves as a flexible retreat or bedroom, highlighted by a striking wood A-frame ceiling with access to the large balcony. The detached cottage provides approximately 560 square feet with one bedroom, one full bath, a family room, a full kitchen, a laundry room, an outdoor shower, and a separate entrance. With a new roof and alley access, the cottage allows easy movement to the beach, lake, and dining while remaining discreetly set apart from the main home. Outdoor living is equally compelling, with a spacious backyard ready for relaxed afternoons, a newly added private pool, curated hardscape, and lush landscaping. After a day on the water, rinse off at the outdoor shower or unwind in one of several private seating areas. Parking is generous with a paver driveway, additional front parking, and two rear spaces for a total of seven. Accessibility has been carefully considered with a ramp on the north side and a fully accessible first floor, including the primary bath. Both residences may be rented separately or together, offering exceptional versatility. Positioned moments from Western Lake, two beach accesses, and iconic spots like The Red Bar, Chiringo, and AJ's Grayton Beach, this is a rare opportunity to own a true Grayton Beach classic where coastal history, modern updates, and an unbeatable walkable setting come together with ease.

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS NOTE: MAIN HOME PLUS PRIVATE COTTAGE! The main home is 2910 sq ft. with 5 beds and 4.5 baths. The cottage, which is not attached to the main home, is 560 sq ft. The cottage offers 1 bedroom and 1 full bath with a family room, full kitchen, laundry room, an outside shower and a separate entrance. The main home has been recently updated with a new kitchen, bathrooms, paint, flooring, wiring, plumbing, 2 HVAC systems, appliances, roof and much more. The cottage has a new roof. If you're looking for convenience, look no further. This property is steps to Western Lake, two beach accesses and restaurants like Red Bar, AJ's and Chiringos. At the main house, you can relax on the front porch with your morning coffee and see the peaceful Western Lake. As you enter the home, you will love the spacious family room with a dining area that opens in the kitchen. The large kitchen has ample room for an island and is adjacent to a sitting or game room. Also, off the kitchen is a mudroom that offers a 1/2 bath, full size laundry room and a door to the side yard for outdoor grilling. As you continue past the kitchen, you have a bedroom on the left and one on the right with ensuite baths, one with a gorgeous new shower and vanity. The main door to the backyard is at the end of this hallway. Continue up to the second level on hardwood treads, you will have 2 lovely additional bedrooms and 2 full baths. Proceed to the 3rd floor for a retreat to another bedroom or sitting area with a gorgeous wood A-frame ceiling that overlooks the large patio. Parking is convenient on the paver driveway and in front of the home. The backyard is large enough to put in your own private pool. Behind the fence in the backyard, you will see the precious cottage. As you come back from the beach, rinse off at the outdoor shower or enjoy your privacy with outdoor seating. This cottage backs up to an alley for ease of getting to the beach, Western Lake or restaurants without interfering with the main house guests. The main house has an accessibility ramp on the north side and the first floor is fully accessible including the master bath. These 2 properties can be rented at different times. Call today for a showing. Listing agent or associate to accompany for all showings.