73 Dune Drive, Santa Rosa Beach, FL 32459 - Walton County

Located on the highly sought-after west end of Scenic Hwy 30A, this property presents a compelling opportunity for investors or buyers seeking to create value in one of the area's most desirable beach communities. Situated on approx. a quarter-acre lot, the home features a newly constructed 1,687 SF wing that adds substantial living space, including an owner's suite, additional living area, and 3 full bathrooms, providing a strong foundation for expansion or future redevelopment. The original structure, a 2-bedroom, 2-bath home built in 1974 and located behind the new wing, is considered a tear-down, offering a blank canvas for redevelopment. Builder estimates indicate an approx. construction cost of $900K, including demolition of the original structure, to build a new 2,432 SF residence with finishes comparable to the existing addition. This would bring the total living area to approx. 4,119 SF, offering 5 bedrooms and 5 bathrooms. Development plans and rental projections are available for review and are located on the kitchen counter. The location is exceptional, with 4 nearby beach accesses, including the Dune Allen Regional Beach Access conveniently located at the end of the street. Outdoor enthusiasts will enjoy being near Topsail Hill Preserve State Park, known for its 3.2 miles of beaches, dune lakes, scenic trails, and natural beauty. From an investment perspective, the property offers attractive rental potential, with projected annual rental income of approximately $133.7K increasing to $149.6K with the inclusion of a golf cart for guest use. This rare combination of location, flexibility, and income potential makes the property a standout opportunity along the Emerald Coast. The lifestyle is further enhanced by a variety of nearby dining, shopping, and entertainment options, including waterfront views at Vue on 30A, local favorites such as Stinky's Fish Camp and Shunk Gulley, and the boutiques and restaurants of Gulf Place, all just minutes away. Whether remodeling, rebuilding, or reimagining, this property offers a prime location and the flexibility to create a truly custom coastal retreat along 30A. Schedule your private showing today to explore the full scope of possibilities this unique investment opportunity presents.

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