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Harrison Lilly Team

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

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485 Old Beach Rd , Santa Rosa Beach, FL 32459
$5,500,000
Est. Payment: $30,386.71/mo
5 Bed
4 Bath
2351 Sqft
0.56 Acres
Status: Active | Days on site: 1
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Harrison Lilly Team
Owner/Operator

House Description

Perched atop a sugar-white dune in the private, gated enclave of Old Florida Beach, this rare gulf-front lot offers both immediate rental income and long-term development potential. The existing home, spanning only half of the buildable footprint, generates nearly $200,000 in annual rental revenue and comfortably accommodates up to 14 guests. Priced at lot value based on recent sales on the west end of Scenic Highway 30A, this is a compelling opportunity to hold, collect, and plan. The current residence offers classic coastal charm, featuring breezy porches, multiple balconies, and a walkway that leads directly to the shoreline. Inside, the open-concept main floor includes a large living area, dining space for six, and a generous kitchen with wraparound butcher block counters. Two guest rooms with twin queen beds share a hall bath on this level, while upstairs features two additional queen bedrooms with balcony access, a shared bath, and a spacious gulf-facing primary suite. The primary includes its own beachfront balcony, wet bar, and an ensuite with marble-tiled walk-in shower and granite-topped vanities. Beyond the home itself, Old Florida Beach is a coveted low-density community with private beach access, a neighborhood pool, and a dock on Draper Lake -- one of the area's rare coastal dune lakes. From this tranquil location, you're minutes from Gulf Place, Seaside, Florida, and the Village of Baytowne Wharf, with dining, shops, and entertainment close by. Bring a buyer, builder, or investor ready to envision a future gulf-front masterpiece, while letting the current home pay its way in the meantime.

Highlights

Listed by Snelling Team , 850-830-2447 Scenic Sotheby's International Realty , 850-231-6052. Emerald Coast Multiple Listing Services

Property Type

Residential

Lot/Acreage
0.56

HOA Fee

Year Built

1996

County

Walton

Area

17 - 30A West

Neighborhood

Old Florida Beach

Listing ID

1012886

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Appliances:Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer

Exterior Features

Lot:Covenants,Within 1/2 Mile to Water,Gulf
Lot Dimensions:65' by 100'
Zoning:Resid Single Family
Others:
  • ▪ Additional:Balcony, Shower, Deck Covered, Deck Open, Patio Open
Sewer:Community Sewer
Principal Interest
$30,387
Taxes
$2,993
HOA
$0

Home Price

$5,500,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$1,100,000
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:
$30,386.71

Principal

Taxes

Principal Taxes HOA Total
Monthly $30,386.71 $2,992.81 $0.00 $33,379.51
Yearly $364,640.49 $35,913.68 $0.00 $400,554.17
Total $10,939,214.80 $1,077,410.40 $0.00 $12,016,625.20

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: 2026-10-06T22:55:19.000Z

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