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Harrison Lilly Team

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

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14 Blue Wave Dr , Santa Rosa Beach, FL 32459
$8,995,000
Est. Payment: $49,696.08/mo
18 Bed
24 Bath
17088 Sqft
0.82 Acres
Status: Active | Days on site: 79
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EDR3 - E27074,E8767
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Harrison Lilly Team
Owner/Operator

House Description

JUST COMPLETED! New Construction 6-Unit Portfolio Available - Blu Wave at Blue Mountain Beach Just Completed! This is a rare chance to acquire all six luxurious townhomes in the exclusive Blu Wave boutique development as a complete package. Brand-new construction, this turnkey investment is poised to generate gross rental revenue potential exceeding $700,000+ per year. Each of the six residences delivers 2,848 square feet of heated and cooled living space, plus expansive outdoor living areas designed for maximum coastal appeal. The standout feature is an expansive rooftop terrace with a wood pergola--perfect for installing a hot tub, entertaining guests, or capturing unforgettable Gulf sunsets. Multiple balconies off the open living areas and third-floor primary suites create seamless indoor-outdoor flow and deliver panoramic views of Draper Lake and the Gulf. Interiors are built for both luxury living and strong rental performance, featuring a second-floor open-concept layout that seamlessly integrates the kitchen, dining, and living spaces--ideal for entertaining and everyday enjoyment. Each townhome includes three spacious bedrooms with ensuite baths, a convenient guest powder room, and a three-stop elevator for effortless multi-level access. Ample carport-style parking beneath each unit easily accommodates multiple vehicles and guests. Located in the serene, low-traffic enclave of Blue Mountain Beach along Scenic Highway 30A, Blu Wave benefits from one of the most desirable addresses on Florida's Emerald Coast. The area is famous for its towering sand dunes, sugar-white beaches, turquoise waters, and rare coastal dune lakes like Draper Lake. This quieter, more exclusive vibe compared to busier neighboring communities supports premium rental rates and strong year-round demand from discerning vacationers and seasonal residents. Investment highlights " Brand new construction - immediate income potential upon completion " Limited to just six units total - exclusivity drives higher occupancy and rates " Exceptional rental upside with projected gross revenues over $700,000+ annually for the full portfolio " Luxury and breathtaking views that command top-tier nightly/weekly rates " Prime 30A location with strong appreciation history and consistent tourism demand Blu Wave perfectly combines sophisticated coastal luxury, privacy, and outstanding income-generating potential in one of South Walton's most coveted beach communities.

Highlights

Listed by Stuart Kirby , 270-222-0785 and Scott C Markowitz , 270-222-0785 Scenic Sotheby's International Realty , 850-231-6052. Emerald Coast Multiple Listing Services

Property Type

Condo/Townhome

Lot/Acreage
0.82

Year Built

2026

County

Walton

Area

17 - 30A West

Neighborhood

Blu Wave Luxury Residences

Listing ID

1007386

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:18
  • ▪ Bathrooms:24
  • ▪ Full Bathrooms:18
  • ▪ 1/2 Bathrooms:6
Appliances:Dishwasher, Microwave, Refrigerator, Smoke Detector
Air Cond:Ceiling Fans,Central Air
Fireplaces:
Other:
  • ▪ Additional:Elevator

Exterior Features

Lot:Covenants,Restrictions,Within 1/2 Mile to Water
Zoning:Resid Multi-Family
Parking Features:Carport,Carport Attached,Covered
Principal Interest
$49,696
Taxes
$693

Home Price

$8,995,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$1,799,000
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:
$49,696.08

Principal

Taxes

Principal Taxes HOA Total
Monthly $49,696.08 $693.19 $0.00 $50,389.27
Yearly $596,352.95 $8,318.24 $0.00 $604,671.19
Total $17,890,588.57 $249,547.20 $0.00 $18,140,135.77

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 (Santa Rosa 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: 2026-10-07T06:31:40.000Z

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