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Six-Unit Townhome Rental Portfolio
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14 Blue Wave Drive, Santa Rosa Beach, FL 32459

Six newly constructed townhomes with private rooftop terraces, elevators, and coastal outdoor living areas.

Property Size17,088 SF
Price / SF$643.73
Days on Market105

Property Features for 14 Blue Wave Drive

General Information

Standard status Active
Size 17,088 SF
Class A
Elevators Yes
Property subtype Multifamily
Zoning Residential

Units

Unit Mix 6 x 3BR/3.5BA
Multifamily Units 6

Additional Details

Road Access Yes

Amenities

rooftop terrace
wood pergola
balconies
carport parking

Building Details

Year Built 2026
Stories 3
Units 2
Listing Agency: Scenic | Sotheby's International Realty
Listed By: Wesley Madden · License #BK3426054
Source: Crexi
Added: May 19 Changed: Aug 30 Last Checked: Aug 30 at 5:56AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scenic | Sotheby's International Realty

Investment Insights

Based on property information with market context.

This short-term rental portfolio comprises six townhomes, each offering 2,848 square feet of heated and cooled living space. The residences feature three bedrooms with ensuite bathrooms, a guest powder room, and an open second-level arrangement combining kitchen, dining, and living areas. Private outdoor amenities include multiple balconies and a rooftop terrace with a wood pergola. Each home also includes a three-stop elevator and carport-style parking beneath the residence. The property is identified as residentially zoned and carries a 2026 year built designation.

Located at 14 Blue Wave Drive in Santa Rosa Beach, the development sits in the Blue Mountain Beach area along Scenic Highway 30A. The residences have views of Draper Lake and the Gulf, with the surrounding area characterized by sugar-white beaches, coastal dunes, turquoise water, and coastal dune lakes. The six-townhome package is offered as a single portfolio of short-term rental properties.

Key Highlights

  • Six‑townhome portfolio with 17,088 SF of total property size
  • Each residence includes 2,848 square feet of heated and cooled living space
  • Three bedrooms with ensuite baths plus a guest powder room per townhome

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Auto Repair Shop HVAC Service Auto Parts Store Nail Salon Grocery & Convenience Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

299
Businesses Nearby

Demographics for 32459, FL

20,567
Population
17,700
Households
1.2
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
377
Density / Sq Mi
$101,067
Median Household Income
$53,393
Median Earnings
$2,165
Median Rent
$613,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Six newly constructed townhomes with private rooftop terraces, elevators, and coastal outdoor living areas.
Where is this short term rental property located?
The property is located at 14 Blue Wave Drive Santa Rosa Beach, FL.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Six‑townhome portfolio with 17,088 SF of total property size; Each residence includes 2,848 square feet of heated and cooled living space; Three bedrooms with ensuite baths plus a guest powder room per townhome
(850) 231-6052 Call to check price and availability
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