170 Penelope Street Miramar Beach, FL 32550
Listing Courtesy of: EMERALD COAST / Listed By: Jacklyn Riley, Corcoran Reverie

  170 Penelope Street Miramar Beach, FL 32550

Active (56 Days)
$1,600,000 (USD)
4
BED
4
BATH
2,475
SQFT

Description

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.

MLS #:
1002642
Taxes
$8,415(2025)
Lot Size
6,970 SQFT
Type
Single-Family Home
Year Built
2018
Style
Beach House
County
Walton County

Listed By

Jacklyn Riley, Corcoran Reverie
Source
EMERALD COAST
Last checked Jul 3 2026 at 7:15 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 4
Interior Features
  • Newly Painted
Kitchen
  • Dishwasher
  • Refrigerator
  • Stove/Oven Electric
  • Water Heater - Elect
Subdivision
  • Frangista Beach 3Rd Addn
Lot Information
  • Level
Heating and Cooling
  • Central
  • Central Air
Utility Information
  • Utilities: Public Water
School Information
  • Elementary School: Destin
  • Middle School: Destin
  • High School: South Walton
Stories
  • 2

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jun 25, 2026
Price Changed
$1,600,000
0%
-$8,000
Jun 19, 2026
Price Changed
$1,608,000
0%
$1,000
Jun 08, 2026
Price Changed
$1,607,000
0%
$1,000
Jun 01, 2026
Price Changed
$1,606,000
0%
-$1,000
May 28, 2026
Price Changed
$1,607,000
0%
-$500
Location
   
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Disclaimer: Information deemed reliable but not guaranteed. The information is provided exclusively 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. © 2026 Emerald Coast Association of REALTORS Last Updated: 7/3/26 00:15
Vendor Number:29098