485 Old Beach Road, Santa Rosa Beach, FL 32459

$5,500,000

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 2,351 Lot Size (sq. ft.): 24,394 Status: Active

Current Price: $5,500,000 List Date: 9/28/2026 Last Modified: 9/29/2026

Overview

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 pri ... (Read more)

Supplements: Bring a buyer, builder, or investor ready to envision a future gulf-front masterpiece, while letting the current home pay its way in the meantime.

Listing Details MLS# 1012886

Contract Info

List Price/SqFt: 2339.43
Listing Board: Emerald Coast

Location Tax and Legal

Area: 17 - 30A West
Street #: 485
Street Name: Old Beach
Street Suffix: Road
State: FL
Zip Code: 32459
County: Walton
Project Name/Subdivision: OLD FLORIDA BEACH
Parcel ID: 11-3S-20-34020-000-0060

General Property Info

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 2351
SqFt Source: County PA Records
Full Baths: 4
Total Bathrooms: 4
# Stories: 2
Year Built: 1996
Immediate Occupancy: Yes
Garage: No
Carport: No
Driveway Spaces: 5
Acreage: 0.56
Pool: Yes
Pool Type: Community

Waterfront

Waterfront Feet: 65

More Information

Property Features

Construction Status: Construction Complete Lot Features: Covenants; Within 1/2 Mile to Water Zoning: Resid Single Family Waterfront: Gulf Waterview: Gulf Project Facilities: Beach; Dock; Gated Community; Pets Allowed; Picnic Area; Pool; Short Term Rental - Allowed Exterior: Balcony; Deck Covered; Deck Open; Patio Open; Shower Interior: Furnished - All; Window Treatment All Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Stove/Oven Electric; Washer Utilities: Community Sewer; Community Water; Electric; Gas - Natural; Public Water; TV Cable Energy: AC - High Efficiency; Heat High Efficiency Master Bedroom: Second Bedroom: First; Second Kitchen: First Living Room: First Rooms: Bedroom; Kitchen; Living Room; Master Bathroom; Master Bedroom Fees Include: Accounting; Ground Keeping; Land Recreation; Management; Recreational Faclty

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Living Room	First	14 x 12	14.00	12.00
Kitchen	First	24 x 14	24.00	14.00
Master Bedroom	Second	20 x 26	20.00	26.00	Gulf Front Balcony
Master Bathroom	Second	10 x 9	10.00	9.00
Bedroom	First	16 x 12	16.00	12.00	Front Porch
Bedroom	First	16 x 11	16.00	11.00	Front Porch
Bedroom	Second	12 x 12	12.00	12.00	Back Porch
Bedroom	Second	12 x 12	12.00	12.00	Back Porch

Listing Office: Scenic Sotheby's International Realty

Last Updated: September - 29 - 2026

Broker Attribution: tim@scenicsir.com

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.