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$1,295,000

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

$1,540,000

150K+ IN RENTAL! WOW! Built with both guests and owners in mind, the spacious floor plan offers multiple sleeping areas, open-concept living spaces, and the features today's renters are looking for in a premium beach destination. BRING AN OFFER! Motivated! Whether you're expanding your investment portfolio or searching for a beach home that can generate income when you're away, this property checks all the boxes. One of the standout features is the backyard, which offers room for a private pool--a highly desirable amenity that could significantly enhance rental appeal and income potential. With short-term rentals permitted, investors have the opportunity to further increase the property's earning power by creating the ultimate beach retreat. Guests will love the proximity to the beach, nearby restaurants, shopping, golf, and entertainment, all accessible by foot, bike, or golf cart. Located in the highly sought-after Frangista Beach community, 170 Penelope Street offers investors the opportunity to own in one of Miramar Beach's most established and desirable vacation rental neighborhoods. Known for its beach access, charming coastal architecture, golf-cart-friendly streets, and proximity to Destin's best attractions, Frangista Beach continues to attract families and vacationers year after year. EASY SHOW! BRING AN OFFER! Whether you're looking for a long-term investment, vacation rental potential, or a second home to make your own, this property checks all the boxes.

4 Beds ⋅ 4 Baths ⋅ 1002642 MLS

150K+ IN RENTAL! WOW! Built with both guests and owners in mind, the spacious floor plan offers multiple sleeping areas, open-concept living spaces, and the features today's renters are looking for in a premium beach destination. BRING AN OFFER! Motivated! Whether you're expanding your investment portfolio or searching for a beach home that can generate income when you're away, this property checks all the boxes. One of the standout features is the backyard, which offers room for a private pool--a highly desirable amenity that could significantly enhance rental appeal and income potential. With short-term rentals permitted, investors have the opportunity to further increase the property's earning power by creating the ultimate beach retreat. Guests will love the proximity to the beach, nearby restaurants, shopping, golf, and entertainment, all accessible by foot, bike, or golf cart. Located in the highly sought-after Frangista Beach community, 170 Penelope Street offers investors the opportunity to own in one of Miramar Beach's most established and desirable vacation rental neighborhoods. Known for its beach access, charming coastal architecture, golf-cart-friendly streets, and proximity to Destin's best attractions, Frangista Beach continues to attract families and vacationers year after year. EASY SHOW! BRING AN OFFER! Whether you're looking for a long-term investment, vacation rental potential, or a second home to make your own, this property checks all the boxes.

170 Penelope St, Miramar Beach

$995,000

Located in the gated community of Villas of Frangista in Miramar Beach, this spacious 3-bedroom short-term rental with a bonus bunk area and 4 full bathrooms offers comfort and flexibility. The well-designed layout provides generous living and entertaining space, ideal for a second home or STR investment. Each bedroom has access to a full bath, while the additional bunk area increases sleeping capacity. Residents and guests enjoy access to a large community pool. Just one mile from the largest public beach access in Miramar Beach and minutes from Silver Sands Premium Outlets and Destin Commons, this property combines location, lifestyle, and rental potential in one of the area's most desirable communities.

3 Beds ⋅ 4 Baths ⋅ 996543 MLS

Located in the gated community of Villas of Frangista in Miramar Beach, this spacious 3-bedroom short-term rental with a bonus bunk area and 4 full bathrooms offers comfort and flexibility. The well-designed layout provides generous living and entertaining space, ideal for a second home or STR investment. Each bedroom has access to a full bath, while the additional bunk area increases sleeping capacity. Residents and guests enjoy access to a large community pool. Just one mile from the largest public beach access in Miramar Beach and minutes from Silver Sands Premium Outlets and Destin Commons, this property combines location, lifestyle, and rental potential in one of the area's most desirable communities.

18 Lakeland Dr, 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