42 Palmetto Street - Investment Opportunity in Santa Rosa Beach

$680,000

4 Beds | 5 Baths | 3,417 SqFt

42 Palmetto Street, Santa Rosa Beach, FL 32459

Active

Are you on the hunt for a primary residence that doubles as a smart investment? Look no further than 42 Palmetto Street in the picturesque Santa Rosa Beach, Florida. Priced at an attractive $680,000, this property is not just a home; it’s an opportunity to embrace the coastal lifestyle while generating rental income. Let’s dive into what makes this listing so special.

Nestled in the sought-after Turquoise Beach neighborhood, this property is ideally situated just off Mack Bayou Drive. Santa Rosa Beach is renowned for its stunning white sand beaches and emerald waters, making it a prime destination for both residents and vacationers alike. The area offers a relaxed coastal vibe with easy access to local shops, restaurants, and outdoor activities such as fishing, boating, and hiking.

A Unique Three-Story Florida Cottage

This charming three-story Florida cottage is designed to cater to your needs—whether you’re looking to settle down or invest. The exterior exudes classic coastal charm with its inviting façade and lush landscaping. Step inside, and you’ll discover a thoughtfully laid-out floor plan that maximizes both space and functionality.

One of the standout features of this property is the first-floor lockout unit. This self-contained space includes a spacious bedroom, bathroom, living area, and kitchenette equipped with essential amenities like a sink, refrigerator, and cabinetry. Whether you choose to rent it out as a long-term or short-term rental or use it as an in-law suite for guests, this unit adds significant value to the home.

Imagine having the flexibility to host family members or friends while also having the option to generate income from short-term rentals when they’re not visiting. In today’s real estate market, properties with such dual-purpose capabilities are increasingly rare—making this listing even more appealing.

As you ascend to the second floor, you'll find the main living area designed with an open-concept layout that encourages natural light and easy flow between spaces. This level is perfect for entertaining guests or enjoying cozy family evenings at home. The spacious living room seamlessly connects to a dining area and well-appointed kitchen, creating an inviting atmosphere for gatherings.

The kitchen boasts modern appliances and ample storage space—ideal for culinary enthusiasts who love preparing meals at home. Large windows provide views of the surrounding neighborhood while allowing sunlight to fill the space.

The third floor is dedicated to relaxation. Here you’ll find additional bedrooms that offer privacy and comfort—perfect for unwinding after a long day at work or enjoying lazy weekends with loved ones. Each room is designed with tranquility in mind, allowing residents to recharge while soaking in views of Santa Rosa Beach's natural beauty.

Living in Florida means embracing outdoor living year-round! The property features outdoor spaces where you can bask in the sunshine or enjoy evening barbecues with friends and family. Whether it's sipping coffee on your porch in the morning or watching sunsets from your balcony in the evening, these outdoor areas enhance your living experience.

A Motivated Seller Ready to Make a Deal

With a motivated seller at the helm, there has never been a better time to consider this property seriously. The current real estate market offers opportunities for savvy buyers looking for homes that can serve multiple purposes—especially those who want to offset mortgage costs through rental income.

Investing in real estate isn’t just about purchasing property; it’s about making smart decisions that align with your lifestyle goals. This listing provides an ideal balance of personal enjoyment and financial savvy—a true win-win situation.

If you’ve been searching for a primary residence that also serves as an investment opportunity in one of Florida’s most desirable beach communities, 42 Palmetto Street is worth exploring further. With its unique features, prime location, and motivated seller ready to negotiate, this property stands out as an exceptional choice.

Don’t miss out on your chance to own this remarkable three-story cottage in Santa Rosa Beach! Schedule your viewing today and take the first step toward turning your dream home—and investment—into reality!