scottprovow@gmail.com
850-855-2534
$1,530,000
Miramar Beach, FL 32550
MLS# 1002642
4 beds | 4 baths | 2475 sqft
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Property 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.
Details
Maps
Documents
Status Change Info
Status: Active
Contract Info
List Date: 2026-05-08
Current Price: $1,530,000
List Price: $1,530,000
List Price/SqFt: 618.18
Listing Board: Emerald Coast
Location Tax and Legal
Area: 15 - Miramar/Sandestin Resort
Street #: 170
Street Name: Penelope
Street Suffix: Street
State: FL
Zip Code: 32550
County: Walton
Project Name/Subdivision: FRANGISTA BEACH 3rd ADDN
Parcel ID: 29-2S-21-42060-00B-0070
General Property Info
Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 2475
SqFt Source: County PA Records
Bedrooms: 4
Full Baths: 4
Total Bathrooms: 4
# Stories: 2
Year Built: 2018
Immediate Occupancy: Yes
Garage: Yes
Carport: No
Garage Spaces: 1
Driveway Spaces: 4
userdefined76: 5
Acreage: 0.16
Pool: Yes
Pool Type: Community
Lot Features
Coastal Barrier Zone: No
Property Features
Construction Status: Construction Complete
Lot Features: Level
Zoning: Resid Single Family
Parking Features: Garage Attached
Project Facilities: Gated Community; Pool; Short Term Rental - Allowed
Exterior: Patio Open; Porch
Interior: Newly Painted
Appliances: Dishwasher; Refrigerator; Stove/Oven Electric
Utilities: Private Well; Public Sewer; Public Water
Energy: AC - 2 or More; AC - Central Elect; Heat Cntrl Electric; Storm Doors; Storm Windows; Water Heater - Elect
Master Bedroom: First
Bedroom: Second
Kitchen: First
Living Room: First
Full Bathroom: Second
Rooms: Bedroom; Covered Porch; Dining Room; Full Bathroom; Garage; Kitchen; Living Room; Master Bathroom; Master Bedroom; Office
Financing: Conventional; Other
Fees Include: Management; Master Association; Services
Supplements
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, where 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.
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Garage | First | 20 x 13 | 20.00 | 13.00 | 20 x 13 |
| Covered Porch | First | 13 x 6 | 13.00 | 6.00 | 13 x 6 |
| Office | First | 13 x 12 | 13.00 | 12.00 | 13 x 12 |
| Living Room | First | 17 x 12 | 17.00 | 12.00 | 17 x 12 |
| Kitchen | First | 14 x 9 | 14.00 | 9.00 | 14 x 9 |
| Dining Room | First | 13 x 9 | 13.00 | 9.00 | 13 x 9 |
| Master Bedroom | First | 15 x 14 | 15.00 | 14.00 | 15 x 14 |
| Master Bathroom | First | 13 x 12 | 13.00 | 12.00 | 13 x 12 |
| Bedroom | Second | 13 x 12 | 13.00 | 12.00 | 13 x 12 |
| Full Bathroom | Second | 12 x 10 | 12.00 | 10.00 | 12 x 10 |
| Bedroom | Second | 14 x 11 | 14.00 | 11.00 | 14 x 11 |
| Full Bathroom | Second | 12 x 10 | 12.00 | 10.00 | 12 x 10 |
Insurance quote 
Listing Office: Corcoran Reverie SRB
Last Updated: September - 01 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.