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$8,995,000

JUST COMPLETED! New Construction 6-Unit Portfolio Available - Blu Wave at Blue Mountain Beach Just Completed! This is a rare chance to acquire all six luxurious townhomes in the exclusive Blu Wave boutique development as a complete package. Brand-new construction, this turnkey investment is poised to generate gross rental revenue potential exceeding $700,000+ per year. Each of the six residences delivers 2,848 square feet of heated and cooled living space, plus expansive outdoor living areas designed for maximum coastal appeal. The standout feature is an expansive rooftop terrace with a wood pergola--perfect for installing a hot tub, entertaining guests, or capturing unforgettable Gulf sunsets. Multiple balconies off the open living areas and third-floor primary suites create seamless indoor-outdoor flow and deliver panoramic views of Draper Lake and the Gulf. Interiors are built for both luxury living and strong rental performance, featuring a second-floor open-concept layout that seamlessly integrates the kitchen, dining, and living spaces--ideal for entertaining and everyday enjoyment. Each townhome includes three spacious bedrooms with ensuite baths, a convenient guest powder room, and a three-stop elevator for effortless multi-level access. Ample carport-style parking beneath each unit easily accommodates multiple vehicles and guests. Located in the serene, low-traffic enclave of Blue Mountain Beach along Scenic Highway 30A, Blu Wave benefits from one of the most desirable addresses on Florida's Emerald Coast. The area is famous for its towering sand dunes, sugar-white beaches, turquoise waters, and rare coastal dune lakes like Draper Lake. This quieter, more exclusive vibe compared to busier neighboring communities supports premium rental rates and strong year-round demand from discerning vacationers and seasonal residents. Investment highlights " Brand new construction - immediate income potential upon completion " Limited to just six units total - exclusivity drives higher occupancy and rates " Exceptional rental upside with projected gross revenues over $700,000+ annually for the full portfolio " Luxury and breathtaking views that command top-tier nightly/weekly rates " Prime 30A location with strong appreciation history and consistent tourism demand Blu Wave perfectly combines sophisticated coastal luxury, privacy, and outstanding income-generating potential in one of South Walton's most coveted beach communities.

18 Beds ⋅ 24 Baths ⋅ 1007386 MLS

14 Blue Wave Dr, Santa Rosa Beach

$1,495,000

Just completed! Blu Wave at Blue Mountain Beach is an exclusive boutique development featuring just six luxurious townhomes, perfectly positioned to capture sweeping views of Draper Lake and the Gulf. Each residence offers an impressive 2,848 square feet of heated and cooled living space, complemented by expansive outdoor living areas designed for effortless coastal living. The crown jewel is a remarkable expansive rooftop terrace complete with a wood pergola--ideal for installing a hot tub, outdoor kitchen for hosting unforgettable gatherings, or simply savoring breathtaking sunsets. Multiple balconies extend from the open living area and the third-floor primary suite, creating seamless indoor-outdoor flow and panoramic vistas from every level. Inside, the thoughtfully designed interior shines with a second-floor open-concept layout that seamlessly integrates the kitchen, dining, and living spaces. The gourmet kitchen is outfitted with premium Thermador appliances, offering top-tier performance and style for both everyday enjoyment and elevated entertaining. The home features three spacious bedrooms, each with its own ensuite bath, plus a convenient powder room for guests. A three-stop elevator ensures effortless movement between levels, while generous carport-style parking beneath each unit easily accommodates multiple vehicles. Nestled in the serene enclave of Blue Mountain Beach along Scenic Highway 30A, this intimate community offers a slower, more relaxed pace than its busier neighbors. Renowned for its towering sand dunes--the highest along Florida's Gulf Coast at approximately 65 feet--Blue Mountain Beach delivers pristine sugar-white sands, turquoise waters, and rare coastal dune lakes like Draper Lake. With its laid-back vibe and limited foot traffic, it's an ideal setting to experience authentic South Walton tranquility while remaining close to the charming dining, shopping, and activities in Grayton Beach, Blue Mountain and Gulf Place. Blu Wave masterfully blends sophisticated luxury, exceptional privacy, and the timeless appeal of 30A living--where every day feels like an elevated escape near the water!

3 Beds ⋅ 4 Baths ⋅ 1010366 MLS

14 Lue Wave Dr Unit B, Santa Rosa Beach