485 Old Beach Road
Santa Rosa Beach, FL 32459
$5,500,000
Active
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.
Listing details MLS# 1012886
Location, Tax and Legal
- Area
- 17 - 30A West
- Sub area
- 1705 - SRB South of 30A
- Subdivision
- OLD FLORIDA BEACH
- County
- Walton
- Parcel ID
- 11-3S-20-34020-000-0060
- Tax year
- 2025
- Annual tax
- 35913.68
- Legal description
- LOT 6 OLD FLORIDA BEACH PB 9-17 OR 980-191 OR 1420-156 OR 3050-4064
- Zoning
- Resid Single Family
General Property Info
- Property type
- Residential
- Year built
- 1996
- Acreage
- 0.56
- Lot size (sq ft)
- 24393.6
- Lot dimensions
- 65' by 100'
- New construction
- No
- Condition
- Construction Complete
Interior
- Bedrooms
- 5
- Bathrooms
- 4
- Full baths
- 4
- Half baths
- 0
- Building area
- 2351
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer
- Total rooms
- 8
Exterior and Site
- Construction
- Siding CmntFbrHrdBrd
- Roof
- Roof Metal
- Exterior features
- Balcony, Shower
- Patio and porch
- Deck Covered, Deck Open, Patio Open
- Pool
- No
- Pool features
- Pool Type
- View
- Gulf
- Road frontage
- Private Road
Utilities
- Utilities
- Community Water, Electric, Gas - Natural, Public Water, TV Cable
- Sewer
- Community Sewer
Schools
- Elementary
- Van R Butler
- Middle school
- Emerald Coast
- High school
- South Walton
Association and Fees
- Association
- Yes
- Association fee
- 2600
- Fee frequency
- Annually
- Fee includes
- Accounting, Ground Keeping, Land Recreation, Management, Recreational Faclty
Remarks and Misc
- Directions
- Heading east on County Hwy 30A, TURN RIGHT past onto Gulfview Heights Street, Heading SOUTH 2 Blocks turn LEFT on Old Beach Road into Old Florida Beach neighborhood, thru gate (call for gate code) turn right at stop sign to 485 Old Beach Road (second gulf front home on right).
