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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. *Willing to provide a pool credit!* 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.

4 Beds ⋅ 4 Baths ⋅ 1002642 MLS

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. *Willing to provide a pool credit!* 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.

170 Penelope St, Miramar Beach

$1,280,000

Located in the gated Villas of Frangista community within the highly desirable third addition of Frangista Beach, 61 Shelley's Way presents an exceptional opportunity to own a beautifully appointed coastal home in the heart of Miramar Beach. Featuring 4 bedrooms, 4 full bathrooms, a private pool, and access to a community pool, the property is ideally suited as a primary residence, second home, or income-producing short-term vacation rental. The home is being sold fully furnished with only a few minor exclusions, offering buyers a convenient and nearly turnkey ownership opportunity. Inside, the thoughtfully designed floor plan features an open-concept living, dining, and kitchen area filled with natural light and coastal-inspired finishes. Wood flooring, a soft neutral color palette, and an inviting layout create a bright and welcoming atmosphere for everyday living and entertaining. The kitchen is equipped with white quartz countertops, stainless steel appliances, a spacious island with seating, and a dedicated coffee and beverage bar complete with a wine chiller. Four well-appointed bedrooms, including a spacious primary suite, provide comfortable accommodations for family and guests, while multiple ensuite and adjacent bathrooms offer convenience and privacy. The outdoor living space is designed for enjoying Florida's year-round lifestyle. A covered porch overlooks the fenced backyard and private pool, creating an ideal setting for relaxing or entertaining. An outdoor living area with a fire feature, television, and generous patio space extends the home's living area outdoors, while the attached garage provides additional storage for beach gear and everyday convenience. The property also offers strong short-term vacation rental and investment potential. Current rental activity exceeds $55,000 for the year, despite scheduled owner usage and blocked dates. Rental projections indicate the potential to generate up to approximately $78,000 in annual gross rental revenue when made consistently available for guest use. Owners enjoy the privacy and security of a gated neighborhood along with access to the community pool. While the property does not include deeded private beach access, the Miramar Beach Regional Public Beach Access adjacent to Pompano Joe's is just a quick golf-cart or bike ride away. One of the area's premier public beach accesses, it offers convenient parking, restrooms, showers, bike racks, ADA accessibility, and seasonal lifeguards. Perfectly positioned in the heart of Miramar Beach, the home places you just minutes from the white-sand beaches of the Emerald Coast, Silver Sands Premium Outlets, Grand Boulevard, Sandestin Golf and Beach Resort, championship golf, dining, entertainment, and grocery shopping. Scenic Highway 30A and its iconic beach communities are only a short drive away, while Destin's world-class fishing, boating, restaurants, and shopping are equally convenient. Whether you are searching for a full-time residence, luxurious second home, or furnished income-producing investment property, 61 Shelley's Way delivers an outstanding combination of location, privacy, rental potential, outdoor living, and coastal lifestyle in one of Miramar Beach's most desirable gated communities.

4 Beds ⋅ 4 Baths ⋅ 1007590 MLS

Located in the gated Villas of Frangista community within the highly desirable third addition of Frangista Beach, 61 Shelley's Way presents an exceptional opportunity to own a beautifully appointed coastal home in the heart of Miramar Beach. Featuring 4 bedrooms, 4 full bathrooms, a private pool, and access to a community pool, the property is ideally suited as a primary residence, second home, or income-producing short-term vacation rental. The home is being sold fully furnished with only a few minor exclusions, offering buyers a convenient and nearly turnkey ownership opportunity. Inside, the thoughtfully designed floor plan features an open-concept living, dining, and kitchen area filled with natural light and coastal-inspired finishes. Wood flooring, a soft neutral color palette, and an inviting layout create a bright and welcoming atmosphere for everyday living and entertaining. The kitchen is equipped with white quartz countertops, stainless steel appliances, a spacious island with seating, and a dedicated coffee and beverage bar complete with a wine chiller. Four well-appointed bedrooms, including a spacious primary suite, provide comfortable accommodations for family and guests, while multiple ensuite and adjacent bathrooms offer convenience and privacy. The outdoor living space is designed for enjoying Florida's year-round lifestyle. A covered porch overlooks the fenced backyard and private pool, creating an ideal setting for relaxing or entertaining. An outdoor living area with a fire feature, television, and generous patio space extends the home's living area outdoors, while the attached garage provides additional storage for beach gear and everyday convenience. The property also offers strong short-term vacation rental and investment potential. Current rental activity exceeds $55,000 for the year, despite scheduled owner usage and blocked dates. Rental projections indicate the potential to generate up to approximately $78,000 in annual gross rental revenue when made consistently available for guest use. Owners enjoy the privacy and security of a gated neighborhood along with access to the community pool. While the property does not include deeded private beach access, the Miramar Beach Regional Public Beach Access adjacent to Pompano Joe's is just a quick golf-cart or bike ride away. One of the area's premier public beach accesses, it offers convenient parking, restrooms, showers, bike racks, ADA accessibility, and seasonal lifeguards. Perfectly positioned in the heart of Miramar Beach, the home places you just minutes from the white-sand beaches of the Emerald Coast, Silver Sands Premium Outlets, Grand Boulevard, Sandestin Golf and Beach Resort, championship golf, dining, entertainment, and grocery shopping. Scenic Highway 30A and its iconic beach communities are only a short drive away, while Destin's world-class fishing, boating, restaurants, and shopping are equally convenient. Whether you are searching for a full-time residence, luxurious second home, or furnished income-producing investment property, 61 Shelley's Way delivers an outstanding combination of location, privacy, rental potential, outdoor living, and coastal lifestyle in one of Miramar Beach's most desirable gated communities.

61 Shelleys Way, Miramar Beach

$699,000

Great Vacant Lot overlooking a pond in a Private and Exclusive Gated Neighborhood. The Villas at Frangista Beach sit just a few blocks from the beach. The Villas has a community pool and clubhouse. New homes are being built now and the lots are selling quickly. Lot 28 is also available adjacent to this parcel. Lot 28 also available Buyer to verify all dimensions and details.

970014 MLS

Great Vacant Lot overlooking a pond in a Private and Exclusive Gated Neighborhood. The Villas at Frangista Beach sit just a few blocks from the beach. The Villas has a community pool and clubhouse. New homes are being built now and the lots are selling quickly. Lot 28 is also available adjacent to this parcel. Lot 28 also available Buyer to verify all dimensions and details.

Lot 29 Shelley South, Miramar Beach

$699,000

Great Vacant Lot overlooking a pond in a Private and Exclusive Gated Neighborhood. The Villas at Frangista Beach sit just a few blocks from the beach. The Villas has a community pool and clubhouse. New homes are being built now and the lots are selling quickly. Lot 29 is also available adjacent to this parcel. Buyer to verify all dimensions and details.

970013 MLS

Great Vacant Lot overlooking a pond in a Private and Exclusive Gated Neighborhood. The Villas at Frangista Beach sit just a few blocks from the beach. The Villas has a community pool and clubhouse. New homes are being built now and the lots are selling quickly. Lot 29 is also available adjacent to this parcel. Buyer to verify all dimensions and details.

LOT 28 Shelley's, Miramar Beach

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