$1,147,952 - $1,245,000
RENTED MAY 15, 2025

68 Penelope St Miramar Beach, FL 32550

4 Beds
3 Baths
2,365 Sq Ft
$499 Price per Sq Ft

Highlights

  • Beach
  • Gated Community
  • Florida Architecture
  • Van R. Butler Elementary School Rated A-
  • Vaulted Ceiling
  • Wood Flooring

About This Home

As of May 2025

AVAILABLE: 4/11. SEC DEP = $4650 - can be broken up in 2 monthly installments if qualified. PETS ALLOWED UPON OWNERS APPROVAL & W/ A PET FEE. Welcome to this beautiful newer home for rent in the Villas of Frangista in Miramar Beach! This spacious corner lot property features 4 bedrooms & 3 bathrooms, perfect for those looking for a comfortable & modern living space. Enjoy the convenience of a gated community w/ a community pool, as well as deeded private beach access just a short distance away. The house boasts hardwood & tile floors throughout, a fenced backyard for added privacy & a 2 car garage w/ an auto opener. The kitchen is a chef's dream w/ stainless steel appliances, stone countertops, a large kitchen island & a generous pantry for all your storage needs. Relax & entertain on the covered patio, making this home the perfect retreat for beach living! 1 bedroom downstairs w/ full bath - zero entry shower. Master suite & 2 more bedrooms w/ jack-n-jill bathroom upstairs. This is the perfect home in an amazing neighborhood that offers all the amenities to enjoy the Emerald Coast. Located just between Destin Commons & the Outlet Malls. Welcome home!

Last Agent to Rent the Property

Jennifer Vo

Dream Team Realty of NW Florida LLC License #3150466 Listed on: 03/06/2025

Co-Listed By

Johnny Vo

Dream Team Realty of NW Florida LLC License #3217746

Last Renter's Agent

Jennifer Vo

Dream Team Realty of NW Florida LLC License #3150466 Listed on: 03/06/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,565

Year Built

  • Built in 2018

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 54x100x54x100
  • Property fronts a private road
  • Back Yard Fenced
  • Interior Lot
  • Sprinkler System
  • Lawn Pump

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Guest Parking

Home Design

  • Florida Architecture
  • Slab Foundation
  • Metal Roof
  • Cement Board or Planked

Interior Spaces

  • 2,365 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Plantation Shutters
  • Great Room
  • Dining Area
  • Fire and Smoke Detector

Kitchen

  • Walk-In Pantry
  • Electric Oven or Range
  • Induction Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Schools

  • Van R Butler Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Multiple cooling system units
  • Central Heating

Listing and Financial Details

  • 12 Month Lease Term
  • Assessor Parcel Number 32-2S-21-42050-00F-0070

Community Details

Overview

  • Frangista Beach 2Nd Addn Subdivision
  • The community has rules related to covenants

Recreation

  • Beach
  • Community Pool

Additional Features

  • Recreation Room
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,565

Year Built

Built in 2018

Lot Details

0

Parking

2

Rental Info

  • Lease Term: 1 Year
  • Rental Info Lease Start Date: 2025-06-01

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential Lease
  • Lot Size Acres: 0.13
  • Lot Size: 54x100x54x100
  • Road Frontage Type: Private Road
  • Co List Office Mls Id: EDTR
  • Co List Office Phone: 850-226-7201
  • Subdivision Name: FRANGISTA BEACH 2ND ADDN
  • Directions: From Hwy 98 go south on Holiday Road at Scenic Gulf Drive then turn left. Take your 2nd left onto Miami Street, until you come to the Villas of Frangista Gate (code needed). Once through gate, turn left onto Penelope Street. House will be on your right at the corner of Penelope & Charlotte.
  • Architectural Style: Florida Cottage
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 2018
  • Appliances Dryer: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Dining Area: Yes
  • Energy:AC - 2 or More: Yes
  • Rooms:Great Room: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Auto Garage Door Opn, Dishwasher, Disposal, Dryer, Microwave, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Floor Hardwood, Floor Tile
  • Interior Amenities: Ceiling Vaulted, Kitchen Island, Lighting Recessed, Pantry, Washer/Dryer Hookup
  • Stories: 51
  • Window Features: Plantation Shutters, Window Treatment All
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Smooth Stovetop Rnge: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Ceiling Vaulted: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Plantation Shutters: Yes

Exterior Features

  • Fencing: Fenced Privacy
  • Lot Features: Covenants, Interior, Restrictions, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • Construction Type: Siding CmntFbrHrdBrd
  • Exterior Features: Fenced Back Yard, Lawn Pump, Sprinkler System
  • Foundation Details: Slab
  • Patio And Porch Features: Patio Covered, Patio Open, Porch Covered
  • Lot Features:Within 12 Mile to Water: Yes
  • Lot Features:Interior: Yes
  • ConstructionSiding:Slab: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:Restrictions: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Patio Open: Yes
  • Exterior:Patio Covered: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Lawn Pump: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Fenced Back Yard: Yes
  • Exterior:Fenced Privacy: Yes
  • Exterior:Porch Covered: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage, Guest
  • General Property Info:Garage2: Yes
  • Appliances:Auto Garage Door Opn: Yes
  • Parking Features:Garage3: Yes
  • Parking Features:Guest: Yes

Utilities

  • Cooling: Ceiling Fans
  • Cooling Y N: Yes
  • Heating: Heat Cntrl Electric
  • Heating Yn: Yes
  • Utilities Paid By All Utilities: Tenant
  • Utilities Paid By Pest Control: Tenant
  • Utilities Paid By Yard Maintenance: Tenant
  • Utilities Paid By Association Fees: Owner

Condo/Co-op/Association

  • Community Features: Beach, Community Room, Gated Community, Pool

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Lot Size Sq Ft: 5662.8
  • Parcel #: 32-2S-21-42050-00F-0070
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2018
Sold by
Nobc Llc
Bought by
Kemp Theodore Ryan and Kemp Anne Marie
Current Estimated Value
$1,179,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,900
Outstanding Balance
$427,255
Interest Rate
4.7%
Mortgage Type
VA
Estimated Equity
$752,483

Purchase Details

Closed on
Dec 20, 2012
Sold by
Jewell John B and Jewell James W
Bought by
Jewell Investments Llc

Purchase Details

Closed on
May 25, 2007
Sold by
Williams Dianne
Bought by
Jewell John B and Jewell James W
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kemp Theodore Ryan $569,900 Panhandle Title Inc
Jewell Investments Llc -- None Available
Jewell John B $250,000 Acquire Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kemp Theodore Ryan $486,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2025 05/15/25 Rented $4,650 0.0% --
04/23/2025 04/23/25 Price Changed $4,650 -2.1% $2 / Sq Ft
04/14/2025 04/14/25 Price Changed $4,750 -2.1% $2 / Sq Ft
03/06/2025 03/06/25 Price Changed $4,850 0.0% $2 / Sq Ft
03/06/2025 03/06/25 For Rent $4,850 +5.4% --
04/08/2024 04/08/24 Rented $4,600 -4.2% --
03/12/2024 03/12/24 Price Changed $4,800 -4.0% $2 / Sq Ft
03/01/2024 03/01/24 For Rent $5,000 -- --
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $4,565 $556,889 -- --
2023 $4,565 $540,669 $0 $0
2022 $4,511 $524,921 $0 $0
2021 $3,133 $509,632 $0 $0
2020 $4,645 $507,564 $116,504 $391,060
2019 $4,508 $491,296 $112,023 $379,273
2018 $934 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 943643

Emerald Coast Association of REALTORS®

APN: 32-2S-21-42050-00F-0070