57 Penelope St
Sold 3/11/25
Sold 3/11/25
Description
Welcome to Funky Flamingo located at 57 Penelope Street in Miramar Beach, Florida. This custom-built beachside mansion is located 0.4mi away from a community beach access and grossed over $200,000 in short term rental revenue in 2024 and has projections of $224,000 for 2025 from the current manager. Funky Flamingo boasts 8 bedrooms, 7.5 bathrooms, and over 3,700 heated & cooled square feet. This custom-built masterpiece has unique and exceptional outdoor spaces that set it apart from other vacation...Welcome to Funky Flamingo located at 57 Penelope Street in Miramar Beach, Florida. This custom-built beachside mansion is located 0.4mi away from a community beach access and grossed over $200,000 in short term rental revenue in 2024 and has projections of $224,000 for 2025 from the current manager. Funky Flamingo boasts 8 bedrooms, 7.5 bathrooms, and over 3,700 heated & cooled square feet. This custom-built masterpiece has unique and exceptional outdoor spaces that set it apart from other vacation rental-style properties in the area: Funky Flamingo has a covered, screened-in outdoor patio & entertainment space complete with a stainless steel gas kitchen and a covered, outdoor living room furnished with a television plus seating for 14 people. The entertainment and outdoor kitchen area connects seamlessly to the 30'x12' heated pool & spa. Crowning the home is a third story screened-in sunset deck complete with a retro-themed arcade & entertainment room that provide a relaxing space to enjoy our stunning coastal sunsets.
The home's open floorplan is perfect for comfortably entertaining large groups, and the chef's kitchen is framed with chic nickel-gap shiplap and adorned with high-end stainless steel appliances. A bedroom with a king-sized bed and full ensuite bath on the first floor ensures a mobility-friendly floorplan, and the seven additional bedrooms on the higher floors are both spacious and elegant.
One unique aspect about this floor plan that I love is each floor having a dedicated entertainment or relaxation space; the first floor has the spacious living room & outdoor entertainment area, the second floor has a cafe-inspired sitting area complete with a dining table & coffee bar, and the third floor has a retro arcade trimmed out with a full kitchenette & wet bar.
This home is centrally located within minutes of world-class shopping & dining at Grand Boulevard, Baytowne Wharf, Sandestin Outlet Mall, or the Destin Commons. It's also less than 10 minutes from Scenic Highway 30a, Topsail State Park, and Sacred Heart Hospital. 57 Penelope Street is located in Frangista Beach Phase II, a gated subdivision with a dedicated, gated beach access located less than half a mile away at the intersection of Scenic Highway 98 and Hollywood Street.
The home's open floorplan is perfect for comfortably entertaining large groups, and the chef's kitchen is framed with chic nickel-gap shiplap and adorned with high-end stainless steel appliances. A bedroom with a king-sized bed and full ensuite bath on the first floor ensures a mobility-friendly floorplan, and the seven additional bedrooms on the higher floors are both spacious and elegant.
One unique aspect about this floor plan that I love is each floor having a dedicated entertainment or relaxation space; the first floor has the spacious living room & outdoor entertainment area, the second floor has a cafe-inspired sitting area complete with a dining table & coffee bar, and the third floor has a retro arcade trimmed out with a full kitchenette & wet bar.
This home is centrally located within minutes of world-class shopping & dining at Grand Boulevard, Baytowne Wharf, Sandestin Outlet Mall, or the Destin Commons. It's also less than 10 minutes from Scenic Highway 30a, Topsail State Park, and Sacred Heart Hospital. 57 Penelope Street is located in Frangista Beach Phase II, a gated subdivision with a dedicated, gated beach access located less than half a mile away at the intersection of Scenic Highway 98 and Hollywood Street.
Listing Agent
![Caleb Spears]()
caleb.spears@compass.comP: (850)-974-1765
Property Details for 57 Penelope Street
Zoning
Resid Single Family
Architectural StyleBeach House
Subdivision NameFRANGISTA BEACH 2ND ADDN
LISTING UPDATED: 01/12/2026 10:34 AM
Property Details for 57 Penelope Street
| Status | Sold |
|---|---|
| MLS # | 967315 |
| Days on Market | 5 |
| Taxes | $17,129 / year |
| HOA Fees | $423 / quarter |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Detached Single Family |
| Year Built | 2022 |
| Lot Size | 0.13 AC / 5,750 SF |
| County | Walton County |
| Buyer's Agent Compensation | 2.5% |
Location
Sold By Gulf Realty 30A LLC
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Building Information for 57 Penelope Street
Stories3Year Built2022Building Size-Lot Size0.13 AC / 5,750 SF
Payment Calculator
$12,837 per month
30 year fixed, 6.15% Interest
Principal and Interest
$11,268
Property Taxes
$1,427
HOA Dues
$141
The Payment Calculator is for illustrative purposes only.
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1Property Information for 57 Penelope Street
Summary
Location and General Information
- Directions: From Scenic Highway 98, turn North on Miami Street. After going through the gated entrance to the subdivision, turn left on Penelope Street. The house will be on the left, it's the second to last home on the street.
- MLS Area Minor: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
- MLS Area Major: 15 - Miramar/Sandestin Resort
- Latitude: 30.380573
- Longitude: -86.377795
- Location Tax and Legal:Sub Area: 1502 - Miramar Beach S. of 98 w/exception of Sandestin Resort
- Location Tax and Legal:Elementary School: Destin
- Location Tax and Legal:Middle School: Destin
- Location Tax and Legal:High School: Destin
- Location Tax and Legal:Legal Description: LOT 11 BLK G FRANGISTA BEACH 2ND ADDITION PB 3-41 OR 1754-243 OR 2696-2350 OR 3125-1593 OR 3144-685 OR 3239-2223
- Project Facilities: Short Term Rental - Allowed
- Garage 2: false
Taxes and HOA
- Association Fee Frequency: Quarterly
- Association Fee Includes: Accounting, Electricity, Ground Keeping, Management
- Association Fee2: $423
- Tax Legal Description: LOT 11 BLK G FRANGISTA BEACH 2ND ADDITION PB 3-41 OR 1754-243 OR 2696-2350 OR 3125-1593 OR 3144-685 OR 3239-2223
- Parcel Number: 32-2S-21-42050-00G-0110
- Association Fee: $0
- Association YN: Yes
- Tax Annual Amount: $17,129
- Listing Info Tax Legal:Last Taxes: $17,129
- Listing Info Tax Legal:Last Tax Year: 2024.0
School Information
- Elementary School: Destin
- Middle Or Junior School: Destin
- High School: Destin
Parking
- Carport YN: No
- General Property Info:Driveway Spaces: 5.0
Virtual Tour
- Virtual Tour URL Unbranded: https://storybookviewer.com/72646-93754
Property
Lot Information
- Building Area Source: County PA Records
- Lot Size Dimensions: 50x115
- Lot Size Units: Acres
- Property Condition: Construction Complete
- Lot Features: Within 1/2 Mile to Water
- Building Area Total: 3707.0
- General Property Info:SqFt Source: County PA Records
- Lot Features: Within 12 Mile to Water
Property and Assessments
- Tax Year: 2024.0
- Floor Plans Count: 0.0
- Property Type: Residential
- Year Built: 2022.0
- Property Sub Type: Detached Single Family
- New Construction YN: No
- General Property Info:Sub-Type: Detached Single Family
- General Property Info:Design: Beach House
- Construction Status: Construction Complete
- Construction Siding: Frame, Roof Metal, Siding CmntFbrHrdBrd
- Occupancy Status: Vacation Rental
Utilities
- Sewer: Public Sewer
- Utilities: Electric, Gas - Natural, Phone, Public Water, TV Cable
- Electric: True
- Utilities: Electric, Gas - Natural, Phone2, Public Sewer, Public Water, TV Cable
- Energy: AC - 2 or More, Storm Doors, Storm Windows, Water Heater - Gas, Water Heater - Tnkls, Water Heater - Two
Interior and Exterior Features
Exterior Features
- Exterior Features: Balcony, BBQ Pit/Grill, Fenced Back Yard, Summer Kitchen
- Construction Materials: Frame, Siding CmntFbrHrdBrd
- Stories: 3.0
- Pool Features: Pool - Heated, Pool - In-Ground, Pool Type
- Patio And Porch Features: Deck Covered, Deck Enclosed, Patio Enclosed
- Fencing: Fenced Privacy
- General Property Info:Pool: Yes
- General Property Info:Pool Type: Private
- Exterior: Balcony, BBQ PitGrill, Deck Covered, Deck Enclosed, Fenced Back Yard, Fenced Privacy, Patio Enclosed, Pool - Heated, Pool - In-Ground, Summer Kitchen
Interior Features
- Interior Features: Ceiling Raised, Lighting Recessed
- Flooring: Floor Vinyl
- Window Features: Storm Windows
- Door Features: Storm Door(s)
- Room Type: Screened Porch, Bedroom, Balcony, Storage
- Rooms Total: 12.0
- Bathrooms Total Integer: 8.0
- Bathrooms Total Decimal: 7.5
- Bathrooms Total Notational: 7.1
- Bedrooms Total: 8.0
- Bathrooms Full: 7.0
- Bathrooms Half: 1.0
- Interior: Ceiling Raised, Floor Vinyl, Furnished - All, Lighting Recessed
- Appliances: Dishwasher, Dryer, Freezer, Ice Machine, Microwave, Refrigerator, StoveOven Electric
Room Information
Room 1
- Room Type: Screened Porch
- Room Level: First
- Room Length: 34.0
- Room Width: 10.0
- Room Dimensions: 34 x 10
Room 2
- Room Type: Screened Porch
- Room Level: Third
- Room Length: 21.0
- Room Width: 6.0
- Room Dimensions: 21 x 6
Room 3
- Room Type: Bedroom
- Room Level: First
- Room Length: 13.0
- Room Width: 13.0
- Room Dimensions: 13 x 13
Room 4
- Room Type: Bedroom
- Room Level: Second
- Room Length: 13.0
- Room Width: 13.0
- Room Dimensions: 13 x 13
Room 5
- Room Type: Balcony
- Room Level: Second
- Room Length: 21.0
- Room Width: 6.0
- Room Dimensions: 21 x 6
Room 6
- Room Type: Bedroom
- Room Level: Second
- Room Length: 13.0
- Room Width: 13.0
- Room Dimensions: 13 x 13
Room 7
- Room Type: Bedroom
- Room Level: Second
- Room Length: 13.0
- Room Dimensions: 13 x 13
Room 8
- Room Type: Bedroom
- Room Level: Second
- Room Length: 13.0
- Room Width: 13.0
- Room Dimensions: 13 x 13
Room 9
- Room Type: Bedroom
- Room Level: Second
- Room Length: 13.0
- Room Width: 13.0
- Room Dimensions: 13 x 13
Room 10
- Room Type: Bedroom
- Room Level: Third
- Room Length: 13.0
- Room Width: 13.0
- Room Dimensions: 13 x 13
Room 11
- Room Type: Bedroom
- Room Level: Third
- Room Length: 13.0
- Room Width: 13.0
- Room Dimensions: 13 x 13
Room 12
- Room Type: Storage
- Room Level: First
- Room Length: 6.0
- Room Width: 4.0
- Room Dimensions: 6 x 4
Multi Family
Multi Family Information
- Furnished: Furnished - All
Rental
Rent Information
- General Property Info:Immediate Occupancy: true
- Listing Info Tax Legal:Is Subject Leased: false
Property History for 57 Penelope Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 11, 2025 | Sold ECAR #967315 | $2,312,000 | — |
| Mar 10, 2025 | Sold (Public Record) Public Record #1554533691 | $2,312,000 | +1.3% / yr |
| Feb 4, 2025 | Listed (Active) ECAR #967315 | $2,400,000 | — |
| Aug 19, 2023 | Withdrawn ECAR #924126 | $2,700,000 | — |
| May 25, 2023 | Listed (Active) ECAR #924126 | $2,850,000 | — |
| Feb 19, 2022 | Sold ECAR #891572 | — | |
| Feb 19, 2022 | Listed (Active) ECAR #891572 | $2,225,000 | — |
| Feb 16, 2022 | Sold (Public Record) Public Record #1484024791 | $2,225,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/11/2025 | Sold ECAR #967315 | $2,312,000 |
| 03/10/2025 | Sold (Public Record) Public Record #1554533691 | $2,312,000 +1.3% / yr |
| 02/04/2025 | Listed (Active) ECAR #967315 | $2,400,000 |
| 08/19/2023 | Withdrawn ECAR #924126 | $2,700,000 |
| 05/25/2023 | Listed (Active) ECAR #924126 | $2,850,000 |
| 02/19/2022 | Sold ECAR #891572 | — |
| 02/19/2022 | Listed (Active) ECAR #891572 | $2,225,000 |
| 02/16/2022 | Sold (Public Record) Public Record #1484024791 | $2,225,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 57 Penelope Street
Taxable ValueLand$475,000Additions$925,868Total$1,400,868
Tax Record2024$17,129 ($1,427 / month)
Home Facts
Beds8Total Finished SqFt3,707 SqFtAbove Grade Finished SqFt3,707 SqFtStories3Lot Size5,750 SqFtStyleSingle Family ResidenceYear Built2022CountyWALTONAPN32-2S-21-42050-00G-0110
Schools near 57 Penelope Street
This home is within Walton.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 5 to 12 |
Rating | School | Distance |
|---|---|---|
Van R. Butler Elementary School PublicK to 5 | ||
Emerald Coast Middle School Public6 to 8 | ||
South Walton High School Public9 to 12 | ||
Seaside Neighborhood School Charter5 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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