10 Beds
11 Baths
5,992 Sqft
¼ Acres
2 Garages

This incredible Multi-Family STR Luxury Compound is expecting over $530K in Rental Projections for 2023, with over $519K currently Completed/Pending so far this year!!!Indulge in the ultimate luxury beachside living experience! This stunning property comes fully furnished in high-end finishes and features every amenity imaginable. This spacious home also boasts an elevator that makes moving between floors a breeze, adding an extra touch of convenience and luxury.Located just steps from the turquoise waters and the white quartz sand beaches of Florida's famous Emerald Coast, this spacious home can accommodate extra large groups by comfortably sleeping 24; making it ideal for exclusive retreats, rentals, and eventsThis extraordinary home is situated across from the sought after Gulf Place District of 30A.
Relax in the many beautifully appointed living areas or unwind in one of the luxurious bedrooms. The incredibly designed 8 king master suites, 2 built in bunk rooms which each sleep 4, full-sized laundry on every floor, and all of the 9 full bathrooms are the ultimate in luxury. The spa-like bathrooms feature designer tile and quartz surfaces, as well as the 2 additional half baths add plenty of options for large amounts of guests.
The state-of-the-art modern kitchen with a six burner gas stove, double refrigerator freezer, and quartz counters make it the ultimate in modern luxury for the largest of stay and play gatherings. This home even features an additional kitchenette on the 3rd floor living area, along with multiple balconies to enjoy the gulf view!
Outside, the stunning patio area is complete with a private refreshing swimming pool, outdoor shower, built-in gas grill, and seating for al fresco dining. Light up the night with glowing pool lights and the built in outdoor gas fireplace.
NO HOA, so you'll have the complete freedom to enjoy your time and unrestricted rental ability. Whether you're lounging in the stylish living areas, relaxing in the well-appointed bedrooms, or cooking up a feast in the gourmet kitchen, you'll appreciate the high-end finishes and attention to detail throughout.
Don't feel like cooking? The popular Shunk Gulley Oyster Bar of 30A is right nearby along with all the other Gulf Place hot spots.
This property is completely turnkey ready, making it the perfect choice for those who want to enjoy the ultimate luxury lifestyle without the hassle of furnishing and decorating. New owner's can also opt to continue with the elite 30A Beach Girls management company, who have continued to bring exclusive guests and a continuous revenue stream to this sought after property with $428k in current reservations already on the books.
The Emerald Coast is home to some of the best beaches, golf, dining, attractions, and luxury in the U.S.
This is your chance to own such a large and incredible piece of beachside paradise with incredible ROI potential! This ultimate investment not only can pay you, but you have the ability to enjoy it for yourself as well! Schedule your visit or video tour with us today!

Essential Information
MLS® #901990
Full Baths9
Half Baths2
Square Footage5,992
Year Built2022
Sub-TypeDetached Single Family
StyleBeach House
Community Information
Address21 Penny Ln
Area30A West
SubdivisionColleen's Cove
Zip Code32459
Parking Spaces2
# of Garages2
Has PoolYes

Electric Available, Gas - Natural, Phone Available, Public Sewer Available, Public Water Available, TV Cable Available


Garage: Attached, Golf Cart: Enclosed, Garage


Pool - Gunite Concrt, Pool - Heated, Pool - In-Ground, Community, Private

HeatingHeat: Central Electric
# of Stories3
Interior Features

Breakfast Bar, Ceiling Crwn Molding, Ceiling Raised, Fireplace, Fireplace 2+, Fireplace Gas, Floor Hardwood, Floor Tile, Furnished - All, Hallway Bunk Beds, Kitchen Island, Lighting Recessed, Newly Painted, Owner's Closet, Pantry, Pull Down Stairs, Shelving, Upgraded Media Wing, Washer/Dryer Hookup, Wet Bar, Window Treatmnt Some, Woodwork Painted, Elevator


Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Oven Double, Range Hood, Refrigerator W/Ice Maker, Smoke Detector, Stove/Oven Gas, Washer, Wine Refrigerator


A/C: Central Electric, A/C: Two Or More, Ceiling Fans


Fireplace, Fireplace 2+, Fireplace Gas

WindowsDouble Paned Windows
RoofRoof Pitched, Roof Tile/Slate

Frame, Roof Pitched, Roof Tile/Slate, Siding Stucco, Trim Vinyl

Exterior Features

BBQ Pit/Grill, Balcony, Fenced Back Yard, Fenced Privacy, Hot Tub, Lawn Pump, Patio Covered, Patio Open, Pool - Gunite Concrt, Pool - Heated, Pool - In-Ground, Porch Covered, Shower, Sprinkler System, Summer Kitchen

Lot Description

Level, Survey Available, Within 1/2 Mile Of Water

School Information
ElementaryVAN R. BUTLER
Additional Information
Days on Website462
HOA Fees0.00

County, Residential Single Family

Listing Details
OfficeThe Premier Property Group
Property History
Price Reduced from $4,650,000 to $4,599,999
Price Reduced from $4,750,000 to $4,650,000
Price Reduced from $4,850,000 to $4,750,000
Price Reduced from $4,950,000 to $4,850,000
Price Reduced from $5,100,000 to $4,950,000
Show All History (15)

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DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is 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.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2023, All rights reserved.
Vendors Member Number : 28325

Listing information last updated on September 30th, 2023 at 12:00am CDT.