About This Home

This 4-bedroom, 4-bathroom single family at 170 Penelope Street in Miramar Beach, FL is listed for $1,500,000 ($606 per sqft). Built in 2018, the home offers 2,475 sqft of living space on a 0.16 acres lot.

Key Features

  • Built in 2018
  • 0.16 acre lot
  • 2 stories
  • 5 parking spaces

Property Details

2 stories
4 full
5 spaces
2018

Amenities

A/C
Listing Description

MEET PENELOPE! Where Beach Days Become Family Traditions There are beach houses you visit--and then there are beach houses that become part of your family's story. Tucked within the highly sought-after Frangista Beach community of Miramar Beach, 170 Penelope Street offers the rare opportunity to own a home where the best of the Emerald Coast is remarkably close, yet everyday life still feels private and relaxed.

Just imagine mornings beginning with coffee on the coast, afternoons spent at the beach, and evenings gathered around the table with the people you love most. Designed with both owners and guests in mind, this spacious four-bedroom home offers an inviting open-concept layout with multiple sleeping areas, generous gathering spaces, and the flexibility today's beach buyers are looking for.

Whether you're creating your family's own coastal retreat, hosting extended family and friends, or looking for a property that can generate meaningful rental income when you're away, the home adapts beautifully to the way you want to enjoy the beach. *Willing to provide a pool credit!* And then there's the backyard.

With room for a private pool, the property offers an exciting opportunity to create an even more elevated outdoor retreat--and potentially make an already compelling vacation property even more desirable to future guests. Frangista Beach is the kind of location buyers search for when they want to experience Miramar Beach without sacrificing convenience.

The beach, restaurants, shopping, golf and entertainment are all close by, with the area being particularly well suited to walking, biking and golf-cart living. For those looking at the property through an investment lens, the opportunity becomes even more compelling.

Short-term rentals are permitted, and the home has demonstrated strong rental performance, making it possible to enjoy the property personally while allowing it to work for you when you're away. But the numbers are only part of the story. The real value is owning a place where your children can grow up knowing exactly which beach access to take, wh

ere extended family can gather for another summer together, and where a week at the beach can eventually become a lifetime of memories. 170 Penelope Street isn't simply an investment in Miramar Beach. It's an opportunity to own the place where the memories happen. Bring your offer and come see why this Frangista Beach retreat deserves a closer look.

Monthly Cost Estimate

$8,472/mo

20% down · 6.5% · 30 years

Principal$1,085
Interest$6,500
Insurance$438
HOA$450

Estimates only. Actual payments may vary.

Location

170 Penelope Street

Miramar Beach, FL 32550

FRANGISTA BEACH 3rd ADDN

Features & Amenities

Interior Features

Newly Painted

Property Details

Construction

Concrete

Outdoor Features

PatioPorch

Heating

Central

Cooling

Central Air

Appliances

DishwasherRefrigeratorStove/Oven ElectricWater Heater - Elect

Questions & Answers

This 4-bedroom, 4-bathroom single family at 170 Penelope Street is listed at $1,500,000 ($606/sqft). The estimated monthly payment is $8,473 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $450/month.

Key features include: Built in 2018, 0.16 acre lot, 2 stories, 5 parking spaces. Interior Features: Newly Painted.

This property is listed by Jacklyn M Riley and can be reached at 7039690322.

JR

Jacklyn M Riley

License 3471740

Agent at Hilary & Reverie

(703) 969-0322
Agent website

Listed by Hilary & Reverie · Broker phone: (850) 231-2850 · View on Broker Site · Broker website

MLS# 1002642· Source: Emerald Coast Association of Realtors· 114 days on PropertySimple

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

170 Penelope Street, Miramar Beach, FL 32550

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