485 Old Beach Rd, Santa Rosa Beach, FL 32459
- $5,500,000
- 5
- BD
- 4
- BA
- 2,351
- SqFt
- List Price
- $5,500,000
- Days on Market
- 0
- MLS#
- 1012886
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Detached Single Family
- Bedrooms
- 5
- Bathrooms
- 4
- Full Bathrooms
- 4
- Living Area
- 2,351
- Lot Size
- 24,393
- Neighborhood
- SRB South of 30A
Property Description
Perched atop a sugar-white dune in the private, gated enclave of Old Florida Beach, this rare gulf-front lot offers both immediate rental income and long-term development potential. The existing home, spanning only half of the buildable footprint, generates nearly $200,000 in annual rental revenue and comfortably accommodates up to 14 guests. Priced at lot value based on recent sales on the west end of Scenic Highway 30A, this is a compelling opportunity to hold, collect, and plan. The current residence offers classic coastal charm, featuring breezy porches, multiple balconies, and a walkway that leads directly to the shoreline. Inside, the open-concept main floor includes a large living area, dining space for six, and a generous kitchen with wraparound butcher block counters. Two guest rooms with twin queen beds share a hall bath on this level, while upstairs features two additional queen bedrooms with balcony access, a shared bath, and a spacious gulf-facing primary suite. The primary includes its own beachfront balcony, wet bar, and an ensuite with marble-tiled walk-in shower and granite-topped vanities. Beyond the home itself, Old Florida Beach is a coveted low-density community with private beach access, a neighborhood pool, and a dock on Draper Lake -- one of the area's rare coastal dune lakes. From this tranquil location, you're minutes from Gulf Place, Seaside, Florida, and the Village of Baytowne Wharf, with dining, shops, and entertainment close by. Bring a buyer, builder, or investor ready to envision a future gulf-front masterpiece, while letting the current home pay its way in the meantime.
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Additional Information
- Acres
- 0.56
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
- Style
- Beach House
- Elementary School
- Van R Butler
- Exterior Features
- Balcony, Outdoor Shower
- High School
- South Walton
- Legal Description
- LOT 6 OLD FLORIDA BEACH PB 9-17 OR 980-191 OR 1420-156 OR 3050-4064
- Lot Features
- Covenants
- Middle School
- Emerald Coast
- Neighborhood
- SRB South of 30A
- Community Features
- Beach Access, Dock, Gated, Picnic Area, Pool, Short Term Rental Allowed
- Stories
- 2
- Subdivision
- Old Florida Beach
- Waterfront Features
- Gulf
- View
- Gulf
- Year Built
- 1996
- Zoning
- Resid Single Family
Mortgage Calculator
Listing courtesy of Scenic Sotheby's International Realty.
Vendor Member Number : 28166