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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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170 Penelope St , Miramar Beach, FL 32550
$1,500,000
Est. Payment: $8,287.28/mo
4 Bed
4 Bath
2475 Sqft
0.16 Acres
Status: Active | Days on site: 129
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Harrison Lilly Team
Owner/Operator

House Description

MEET PENELOPE! Where Beach Days Become Family Traditions There are beach houses you visit--and then there are beach houses that become part of your family's story. Tucked within the highly sought-after Frangista Beach community of Miramar Beach, 170 Penelope Street offers the rare opportunity to own a home where the best of the Emerald Coast is remarkably close, yet everyday life still feels private and relaxed. Just imagine mornings beginning with coffee on the coast, afternoons spent at the beach, and evenings gathered around the table with the people you love most. Designed with both owners and guests in mind, this spacious four-bedroom home offers an inviting open-concept layout with multiple sleeping areas, generous gathering spaces, and the flexibility today's beach buyers are looking for. Whether you're creating your family's own coastal retreat, hosting extended family and friends, or looking for a property that can generate meaningful rental income when you're away, the home adapts beautifully to the way you want to enjoy the beach. *Willing to provide a pool credit!* And then there's the backyard. With room for a private pool, the property offers an exciting opportunity to create an even more elevated outdoor retreat--and potentially make an already compelling vacation property even more desirable to future guests. Frangista Beach is the kind of location buyers search for when they want to experience Miramar Beach without sacrificing convenience. The beach, restaurants, shopping, golf and entertainment are all close by, with the area being particularly well suited to walking, biking and golf-cart living. For those looking at the property through an investment lens, the opportunity becomes even more compelling. Short-term rentals are permitted, and the home has demonstrated strong rental performance, making it possible to enjoy the property personally while allowing it to work for you when you're away. But the numbers are only part of the story. The real value is owning a place where your children can grow up knowing exactly which beach access to take, where extended family can gather for another summer together, and where a week at the beach can eventually become a lifetime of memories. 170 Penelope Street isn't simply an investment in Miramar Beach. It's an opportunity to own the place where the memories happen. Bring your offer and come see why this Frangista Beach retreat deserves a closer look.

Highlights

Listed by Jacklyn M Riley , 703-969-0322 Corcoran Reverie SRB , 850-231-5030. Emerald Coast Multiple Listing Services

Property Type

Residential

Lot/Acreage
0.16

HOA Fee

Year Built

2018

County

Walton

Area

15 - Miramar/Sandestin Resort

Neighborhood

FRANGISTA BEACH 3rd ADDN

Listing ID

1002642

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Appliances:Dishwasher, Refrigerator, Stove/Oven Electric, Water Heater - Elect
Air Cond:Central Air
Fireplaces:
Other:
  • ▪ Additional:Newly Painted
Water:Well

Exterior Features

Lot:Level
Lot Dimensions:50x100
Zoning:Resid Single Family
Others:
  • ▪ Additional:Patio Open, Porch
Sewer:Public Sewer
Principal Interest
$8,287
Taxes
$701
HOA
$0

Home Price

$1,500,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$300,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,287.28

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,287.28 $701.22 $0.00 $8,988.51
Yearly $99,447.41 $8,414.69 $0.00 $107,862.10
Total $2,983,422.22 $252,440.70 $0.00 $3,235,862.92

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Miramar Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T11:00:03.000Z

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