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$3,800,000
22 Days On Site

21 Penny Lane
Santa Rosa Beach, FL 32459

For Sale|Single Family Residence|Active
10
Beds
11
Total Baths
9
Full Baths
2
Partial Baths
5,992
SqFt
$634
/SqFt
2022
Built
Subdivision:
Colleen's Cove
County:
Walton
Listing courtesy of The Richards Group of Compass
Call Now: (850) 543-1363
Is this the listing for you? We can help make it yours.
(850) 543-1363
Upcoming Open Houses
Fri, Sep 25, 4:00 PM - 6:00 PM
Sat, Sep 26, 9:00 AM - 11:00 AM
21 Penny Lane21 Penny Lane21 Penny Lane21 Penny Lane
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Mortgage Calculator

Monthly Payment (Est.)

$17,337
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$3,800,000
Days On Site 
22 Days
Bedrooms 
10
Inside Area (SqFt) 
5,992 sqft
Total Baths 
11
Full Baths 
9
Partial Baths 
2
Lot Size 
0.25 Acres
Year Built 
2022
MLS® Number 
1010814
Status 
Active
Property Tax 
$27,462.34
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoStatus changed to Active
3 weeks agoListing updated with changes from the MLS®
3 weeks agoListing first seen on site
General Features
Acres 
0.25
Attached Garage 
Yes
Garage 
Yes
Garage Spaces 
2
Green Energy Efficient 
Doors
Parking 
Garage Door OpenerAttachedGarage
Parking Spaces 
7
Property Sub Type 
Single Family Residence
Security 
Smoke Detector(s)
Sewer 
Public Sewer
SqFt Total 
5992
Style 
Beach House
Utilities 
Natural Gas AvailableCable AvailableElectricity Available
Water Source 
Public
Zoning 
Resid Single Family
Interior Features
Appliances 
CooktopDishwasherDisposalDryerFreezerMicrowaveDouble OvenRange HoodWasherGas Water HeaterTankless Water HeaterWine RefrigeratorIce MakerSelf Cleaning OvenGas Oven
Cooling 
Ceiling Fan(s)
Fireplace 
Yes
Fireplace Features 
Gas
Flooring 
HardwoodTile
Furnished 
Furnished
Heating 
CentralNatural GasElectricHeat Pump
Interior 
Breakfast BarBeamed CeilingsCrown MoldingVaulted Ceiling(s)Kitchen IslandRecessed LightingPantryWet BarElevator
Spa 
Yes
Window Features 
Double Pane WindowsWindow Treatments
Bedroom 
Dimensions - 13.58 x 14.25Level - First
Bonus Room 
Dimensions - 23.33 x 12Level - Third
Kitchen 
Dimensions - 18.42 x 18.67Level - Second
Living Room 
Dimensions - 25.17 x 19.9Level - Second
Recreation Room 
Dimensions - 31.83 x 19.9Level - First
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Exterior Features
Construction Details 
FrameStucco
Exterior 
Outdoor GrillBalconyPrivate YardOutdoor ShowerOutdoor Kitchen
Fencing 
Privacy
Lot Features 
Level
Patio And Porch 
PorchPatioCovered
Pool Features 
HeatedIn GroundGunite
Roof 
Slate
Spa 
Yes
Windows/Doors 
Double Pane WindowsWindow Treatments
Community Features
MLS Area 
17 - 30A West
Roads 
Paved
Schools
School District
Unknown
Elementary School
Van R Butler
Middle School
Emerald Coast
High School
South Walton
Listing courtesy of The Richards Group of Compass



Listing information is provided by Participants of the Emerald Coast Association of Realtors MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Emerald Coast Association of Realtors MLS.
Last checked: 2026-09-20 05:24 AM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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