41 W Palm Beach St, MIRAMAR BEACH

$2,990,000

8 Beds
7 Baths
4,263 Sqft
.11 Acres
0 Garages

Primely located in the heart of Frangista Beach, an investor centric neighborhood just steps from the Gulf of Mexico, this stunning beachside retreat offers an unparalleled blend of elegance, comfort, and coastal living. Spanning an impressive 4,263 square feet, this spacious home boasts 8 bedrooms, 7 bathrooms, and a host of exceptional features with custom construction newly completed by Ben Giles. Upon entering, you'll be greeted by the warmth of Thierry Francois flooring that leads through the impeccably designed interior with first level game room and entertaining directly flowing out to the resort style pool.Please reach out to us today for the cost-to-own and rental projection figures for the property.The main living areas feature exquisite pecky cypress ceilings, adding a touch of rustic charm and character to the space. Entertain guests effortlessly in the gourmet kitchen situated on the second level, equipped with top-of-the-line Subzero and Thermador appliances, as well as a Thierry Francois hood vent and gas range for culinary enthusiasts. Accommodations abound in this residence, with six king-sized bedrooms offering plush comfort and relaxation, complemented by two additional bedroom suites designed as charming bunk rooms. Each of the seven bathrooms exudes luxury, featuring high-end finishes and modern fixtures. Ascend to the fourth-story rooftop deck via the unique spiral staircase, where breathtaking panoramic views of the Gulf of Mexico await. Outdoor living is elevated to new heights with a private pool and spa, providing the ultimate retreat for soaking up the sun or unwinding after a day at the beach. The full outdoor kitchen ensures seamless alfresco dining experiences, complete with a grill and ample counter space for preparing meals. Convenient amenities include a single-car garage for added storage and parking convenience. As a bonus, there is beach access for Frangista Beach owners, ensuring easy access to the pristine shoreline. With rental projections reaching $300,000 annually, this property presents an exceptional investment opportunity for those seeking to capitalize on the booming vacation rental market along the Emerald Coast. Experience the epitome of coastal luxury at this magnificent new construction beach home, where every detail has been thoughtfully curated to offer a lifestyle of unparalleled comfort and sophistication.

Essential Information
MLS® #942222
Price$2,990,000
Bedrooms8
Bathrooms7.00
Full Baths7
Square Footage4,263
Acres0.11
Year Built2023
TypeResidential
Sub-TypeDetached Single Family
StyleBeach House
StatusActive
Community Information
Address41 W Palm Beach St
AreaMiramar/Sandestin Resort
SubdivisionFRANGISTA BEACH
CityMIRAMAR BEACH
CountyWALTON
StateFL
Zip Code32550
Amenities
Has PoolYes
Amenities

Short Term Rental - Allowed, Beach, Deed Access

Utilities

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

Pool

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

Interior
FireplaceYes
FireplacesFireplace, Fireplace Gas
# of Stories4
Interior Features

Breakfast Bar, Ceiling Raised, Elevator, Fireplace, Fireplace Gas, Floor Hardwood, Furnished - All, Kitchen Island, Pantry, Washer/Dryer Hookup, Woodwork Painted

Appliances

Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Range Hood, Refrigerator, Refrigerator W/Ice Maker, Stove/Oven Gas, Washer

Cooling

A/C: Central Electric, Ceiling Fans, A/C: High Efficiency

Exterior
ExteriorSiding Vinyl
Lot DescriptionWithin 1/2 Mile Of Water
FoundationSiding Vinyl
Exterior Features

Balcony, Fenced Lot-All, Fenced Privacy, Hot Tub, Pool - In-Ground, Shower, Deck Open, Pool - Heated

School Information
ElementaryDESTIN
MiddleDESTIN
HighDestin
Additional Information
Days on Website75
ZoningResidential Single Family
HOA Fees0.00
Listing Details
OfficeCompass
Property History
Price Reduced from $3,095,000 to $2,990,000
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Vendors Member Number : 28325

Listing information last updated on April 28th, 2024 at 10:30am CDT.