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Harrison Lilly

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

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17 Penny Ln , Santa Rosa Beach, FL 32459
$3,945,000
Est. Payment: $20,008.30/mo
10 Bed
11 Bath
6413 Sqft
Status: active | Days on site: 202
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

MOTIVATED SELLER! This property boasts 10 spacious bedrooms and 11 bathrooms, making it the perfect retreat for large families or groups of friends looking to create unforgettable memories together. With the ability to comfortably sleep up to 28 people, your family reunions, friend getaways, or vacation rentals will be a breeze! Say goodbye to HOA restrictions and embrace the freedom of owning this incredible investment property, which has an impressive rental history. The current rental management company is projecting nearly $400,000 in rental income this year, providing you with a fantastic return on your investment. As you explore this home, you'll appreciate the exquisite, custom details and beautiful woodwork that elevate its elegance - Tax benefits commonly used by rental owners: depreciation, deductible operating expenses (management fees, maintenance, utilities), and interest deductions can help lower taxable income -- talk with your CPA about how these apply to your situation. - Flexible ownership strategies: works as a short-term rental, seasonal vacation home, or long-term income property; could fit 1031 exchange or portfolio diversification plans (confirm with your tax advisor). - No HOA restrictions: more control over rental use, furnishings, and booking platforms. What makes guests book it - Location: an easy 3-minute walk to Shunk Gulley and Scenic Highway 30A beaches; nearby ADA-accessible Ed Walline access with restrooms, picnic shelters, and a two-story viewing platform. - Amenities guests crave: private pool, multiple balconies with Gulf views, roomy living areas on each floor so large groups can spread out and still gather. - Thoughtful design: custom woodwork and finishes that give the home character and repeat-booking appeal. Who this fits best - Investors wanting a high-capacity, high-demand short-term rental with management already in place. - Buyers seeking a multi-family vacation home that pays for itself during peak season. - Owners looking for tax-advantaged real estate income (consult your CPA for specifics). This property blends lifestyle and investment -- beachfront access, big rental revenue, and tax strategies that can improve net returns!

Highlights

Listed by Cherissa Cabahug , 504-289-5400 and Bryson G Lee , 850-238-7565 1 Percent Lists Florida Coast , 850-376-3865. Emerald Coast Multiple Listing Services

Property Type

Residential

Lot/Acreage
0.34

Year Built

2022

County

Walton

Area

17 - 30A West

Neighborhood

Penny Lane

Listing ID

992482

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:10
  • Bathrooms:11
  • Full Bathrooms:9
  • 1/2 Bathrooms:2
Appliances:Auto Garage Door Opn, Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Range Hood, Refrigerator, Security System, Stove/Oven Gas, Wine Refrigerator, Water Heater - Gas, Water Heater - Tnkls
Air Cond:Ceiling Fans,Central Air
Fireplaces:Fireplace Gas
Floor:Floor Tile
Other:
  • Additional:Breakfast Bar, Ceiling Crwn Molding, Ceiling Raised, Elevator, Fireplace 2+, Hallway Bunk Beds, Kitchen Island, Lighting Recessed, Pantry, Shelving, Washer/Dryer Hookup, Woodwork Painted

Exterior Features

Lot Dimensions:77x100
Zoning:Resid Single Family
Sewer:Public Sewer
Principal Interest
$20,008
Taxes
$2,321

Home Price

$3,945,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$789,000
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:
$20,008.30

Principal

Taxes

Principal Taxes HOA Total
Monthly $20,008.30 $2,321.24 $0.00 $22,329.54
Yearly $240,099.55 $27,854.88 $0.00 $267,954.43
Total $7,202,986.44 $835,646.40 $0.00 $8,038,632.84

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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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: 2026-08-20T07:16:22.000Z

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