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170 Penelope Street
Miramar Beach, FL 32550

$1,590,000 - Status: Active
Bed Icon Beds: 4
Bath Icon Baths: 4 full
Sq Feet Icon SQFT (H&C): 2,475
MLS Icon MLS# 1002642

150K+ IN RENTAL! WOW! Built with both guests and owners in mind, the spacious floor plan offers multiple sleeping areas, open-concept living spaces, and the features today's renters are looking for in a premium beach destination. BRING AN OFFER! Motivated!Whether you're expanding your investment portfolio or searching for a beach home that can generate income when you're away, this property checks all the boxes.One of the standout features is the backyard, which offers room for a private pool--a highly desirable amenity that could significantly enhance rental appeal and income potential. With short-term rentals permitted, investors have the opportunity to further increase the property's earning power by creating the ultimate beach retreat.Guests will love the proximity to the beach, nearby restaurants, shopping, golf, and entertainment, all accessible by foot, bike, or golf cart.Located in the highly sought-after Frangista Beach community, 170 Penelope Street offers investors the opportunity to own in one of Miramar Beach's most established and desirable vacation rental neighborhoods. Known for its beach access, charming coastal architecture, golf-cart-friendly streets, and proximity to Destin's best attractions, Frangista Beach continues to attract families and vacationers year after year.EASY SHOW! BRING AN OFFER! Whether you're looking for a long-term investment, vacation rental potential, or a second home to make your own, this property checks all the boxes.

Property Features

MLS#: 1002642
Zip: 32550
Subdivision: Frangista Beach 3rd Addn
Development: 15 - Miramar-sandestin Resort
Property Type: Residential - Single Family
Cooling: Central Air
Days on Site: 69
Garage: 1 car attached
Heating: Central
Home Style: Beach House
Lot Size: 0.16 acres
Stories: 2.0
Taxes: $8,414
Year Built: 2018
SQFT (H&C): 2,475

Feature Descriptions

Appliances: Dishwasher, Refrigerator, Stove/Oven Electric, Water Heater - Elect
Association Fee Includes: $0
Carport Spaces: 0
Community Features: Short Term Rental - Allowed, Gated Community, Pool
Exterior: Concrete
Financing Terms: Conventional, Other
HOA: Yes
Interior: Newly Painted
Lot Description: Level
Lot Dimensions: 50x100
Parcel Number: 29-2S-21-42060-00B-0070
Patio/Porch: Patio Open, Porch
Pool Features: Pool Type
Property Condition: Construction Complete
Road Frontage: City Street
Rooms Total: 12
Sewer: Public Sewer
Sub Type: Detached Single Family
Utilities: Public Water
Water: Well
Window: Storm Windows

Local Schools

High School: South Walton
Middle School: Destin
Elementary School: Destin

170 Penelope Street | MLS# 1002642

This single family home located at 170 Penelope Street, Miramar Beach, FL 32550 is currently listed for sale with an asking price of $1,590,000. This property was built in 2018 and has 4 bedrooms and 4 full baths with 2475 sq. ft. Penelope Street is located in the FRANGISTA BEACH 3rd ADDN subdivision. Search FRANGISTA BEACH 3rd ADDN real estate on rmorse.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Corcoran Reverie SRB

Shown By

Agent Name: Renata Morse
Agent Phone: (850) 527-3923
Agency Title: Beachy Beach Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers 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 on this site was last updated 07/17/2026. The listing information on this page last changed on 07/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 07/17/2026 12:53:55 AM EST) or Emerald Coast MLS (last updated Fri 07/17/2026 12:05:28 AM EST) or Central Panhandle Association of Realtors (last updated Fri 07/17/2026 12:47:21 AM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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