Property
Beds
5
Full Baths
5
1/2 Baths
None
Year Built
2009
Sq.Footage
3,108
Exactly one Gulf-view home with a private pool sits south of Highway 98 in Inlet Beach for under two million dollars. This is it. Tucked inside the gated Enclave at Inlet Beach -- fewer than twenty homes, one block from the Gulf of America and steps from Rosemary Beach -- this 3,108 sq ft turnkey residence offers 5 bedrooms, 5 baths, and sleeps 14 across three levels. A private elevator serves every floor, opening onto a chef's kitchen with quartz counters and pro-grade appliances, pine hardwood floors, and shiplap detailing. Step outside to a private heated pool and spa, outdoor kitchen, and Gulf views from multiple levels. The ground-floor suite offers direct pool access, ideal for multi-generational stays. Fully furnished and rental-ready from day one. Documented 2025 rental income of $101,672, with comparable units in this development achieving $110,000-$150,000 -- real, provable upside under active management. Ownership has proactively maintained the home, including a new elevator in 2025 and a completed $30,000 structural repair addressed in full during spring 2026, not deferred. A one-car garage and gated community add rare convenience here. The nearest comparable 5-bedroom Gulf-view listing is priced at $2,440,000, and larger comparables run well above that. At $1,999,999, this is not just competitively priced, it is the category. For a buyer who has done the homework, the math is immediate. See supplement for full rental performance and improvement history. There is exactly one Gulf-view home with a private pool south of Highway 98 in Inlet Beach available for under two million dollars. This is it. 32 E Park Place Avenue, Unit 601 sits inside Enclave at Inlet Beach -- a small, gated community of fewer than twenty homes tucked one block from the Gulf of America, adjacent to Rosemary Beach and the best that Scenic 30A has to offer. The property is 3,108 square feet of turnkey coastal luxury, fully furnished, and ready to perform from day one. THE MARKET CONTEXT -- WHY THIS PRICE MATTERS Every comparable Gulf-view, pool home south of 98 in this corridor is listed between $2.4M and $10M+. The closest 5-bedroom competitor is priced at $2,440,000 -- and it's smaller. At $1,999,999, Unit 601 is not just competitively priced; it is the category. There is no other property in this market that delivers Gulf views, a private pool, five en-suite bedrooms, a full elevator, and a garage at this price point. RENTAL PERFORMANCE 2025 full-year documented gross rental revenue was $101,672, with comparable units in the same development achieving $110,000-$150,000 under more active management -- a gap that represents genuine upside for the next owner, not a liability. 2026 average daily rate is up 17.4% year over year ($612 vs. $521), and June and July 2026 are running at 100% adjusted occupancy, matching last year's peak summer performance. The 2026 calendar included a proactive, fully-completed $30,000 structural repair to the first-floor balcony header (49 nights, April 11-May 30), plus a short owner-use block over Spring Break -- ownership staying ahead of maintenance rather than deferring it. OWNERSHIP HAS INVESTED IN THIS HOME A new elevator was installed in 2025, following a documented history of proactive component-level maintenance dating back to 2021 -- HVAC systems, pool equipment, pavers, gate, and elevator hardware have all been addressed on an ongoing basis. This is a home that has been maintained ahead of problems, not around them. Link to Luxury Vacation Rental Website: https://www.30aluxuryvacations.com/vacationrentals/good-day-getaway
Features & Amenities
Interior
-
Other Interior Features
Breakfast Bar, Vaulted Ceiling(s), Tray Ceiling(s), In-Law Floorplan, Recessed Lighting, Pantry, Elevator
-
Total Bedrooms
5
-
Bathrooms
5
-
Cooling YN
YES
-
Cooling
Central Air, Ceiling Fan(s), Electric
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
Yes
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Stucco
-
Other Exterior Features
Outdoor Grill, Balcony, Private Yard, Outdoor Shower
-
Parking
Garage Door Opener, Garage, Attached
-
Patio and Porch Features
Porch, Deck, Patio, Covered
-
Pool
Yes
-
Pool Features
Heated, In Ground
Area & Lot
-
Lot Features
Cul-De-Sac, Level, See Remarks
-
Lot Size(acres)
0.04
-
Lot Size(square feet)
1,742
-
Property Type
Residential
-
Property Sub Type
Townhouse
-
Architectural Style
Beach House
Price
-
Sales Price
$1,999,999
-
Tax Amount
$16,629.04
-
Zoning
Resid Multi-Family, Resid Single Family, See Remarks
-
Sq. Footage
3,108
-
Price/SqFt
$643
HOA
-
Association
YES
-
Association Fee
$200
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
Bay
-
Middle School
Emerald Coast
-
High School
South Walton
Property Features
-
New Construction
NO
-
Water Source
Public
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Location
County
Walton
Elementary School
Bay
Middle School
Emerald Coast
High School
South Walton
Listing Courtesy of Scott Martineau , RE/MAX Coastal Properties
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Broker
Opey Russ and Melissa Kratish
Call Opey Russ and today to schedule a private showing.
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