48 Penelope St Miramar Beach, FL 32550
Estimated payment $13,243/month
Highlights
- Deeded access to the beach
- Heated In Ground Pool
- Gated Community
- Van R. Butler Elementary School Rated A-
- Fishing
- Contemporary Architecture
About This Home
Step into refined coastal living with this exquisite 7-bedroom, 4.5-bathroom residence crafted in 2023 by renowned builder Jared Boswell. A single-owner home, it showcases the attention to detail and superior craftsmanship that has made Boswell a trusted name along the Emerald Coast. Spanning 3,583 square feet, this three-story retreat was thoughtfully designed to accommodate both relaxation and entertainment. Inside, no expense was spared in the furnishings and finishes, offering a turnkey opportunity for either full-time living or a fantastic vacation rental. Custom built-in bunks maximize sleeping arrangements, making this home ideal for hosting large families or groups. The heart of the home flows seamlessly into the outdoors, where a private pool and beautifully designed exterior living space invite you to unwind in the Florida sunshine. The contemporary design, open-concept layout, and abundant natural light create an inviting and stylish atmosphere throughout. Located in the sought-after Second Addition of Frangista Beach, this property provides easy private access to the sugar-white sands and turquoise waters that make Miramar Beach a world-class destination. Just moments from local dining, shopping, and entertainment, it captures the very best of the coastal lifestyle. This home isn't just a place to stayit's a statement of elegance, comfort, and lasting value.
Home Details
Home Type
- Single Family
Year Built
- Built in 2023
Lot Details
- Lot Dimensions are 50x100
- Property is Fully Fenced
- Privacy Fence
- Sprinkler System
HOA Fees
- $142 Monthly HOA Fees
Home Design
- Contemporary Architecture
- Metal Roof
- Cement Board or Planked
Interior Spaces
- 3,583 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Living Room
- Dining Area
- Home Security System
Kitchen
- Gas Oven or Range
- Range Hood
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 7 Bedrooms
Outdoor Features
- Heated In Ground Pool
- Deeded access to the beach
- Balcony
Schools
- Van R Butler Elementary School
- Destin Middle School
- Destin High School
Utilities
- Multiple cooling system units
- Water Tap Fee Is Paid
- Tankless Water Heater
- Multiple Water Heaters
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 32-2S-21-42050-00F-0050
Community Details
Overview
- 2Nd Add Frangista Beach Subdivision
Recreation
- Community Pool
- Fishing
Additional Features
- Picnic Area
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,034 | $1,221,148 | $400,000 | $821,148 |
| 2024 | $4,089 | $1,494,801 | $450,000 | $1,044,801 |
| 2023 | $4,089 | $450,000 | $450,000 | -- |
| 2022 | $1,659 | $283,050 | $283,050 | $0 |
| 2021 | $1,112 | $152,813 | $152,813 | $0 |
| 2020 | $938 | $116,504 | $116,504 | $0 |
| 2019 | $878 | $112,023 | $112,023 | $0 |
| 2018 | $761 | $93,665 | $0 | $0 |
| 2017 | $719 | $90,936 | $90,936 | $0 |
| 2016 | $687 | $87,439 | $0 | $0 |
| 2015 | $672 | $86,020 | $0 | $0 |
| 2014 | $566 | $68,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/06/2025 11/06/25 | Pending | -- | -- | -- | |
| 10/08/2025 10/08/25 | For Sale | $2,324,900 | -2.3% | $649 / Sq Ft | |
| 09/07/2023 09/07/23 | Sold | $2,380,000 | +5.8% | $664 / Sq Ft | View Prior Sale |
| 02/02/2023 02/02/23 | Pending | -- | -- | -- | |
| 02/02/2023 02/02/23 | For Sale | $2,250,000 | -- | $628 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,380,000 | Setco Services | |
| Warranty Deed | $610,000 | Setco Services | |
| Warranty Deed | $610,000 | Setco Services | |
| Special Warranty Deed | $111,000 | Attorney | |
| Bargain Sale Deed | $300,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,904,000 | New Conventional | |
| Previous Owner | $105,450 | Seller Take Back |
Source: Emerald Coast Association of REALTORS®
MLS Number: 987084
APN: 32-2S-21-42050-00F-0050
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