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JUST COMPLETED! New Construction 6-Unit Portfolio Available - Blu Wave at Blue Mountain Beach 

Just Completed! This is a rare chance to acquire all six luxurious townhomes in the exclusive Blu Wave boutique development as a complete package. Brand-new construction, this turnkey investment is poised to generate gross rental revenue potential exceeding $700,000+ per year.
Each of the six residences delivers 2,848 square feet of heated and cooled living space, plus expansive outdoor living areas designed for maximum coastal appeal. The standout feature is an expansive rooftop terrace with a wood pergola--perfect for installing a hot tub, entertaining guests, or capturing unforgettable Gulf sunsets. Multiple balconies off the open living areas and third-floor primary suites create seamless indoor-outdoor flow and deliver panoramic views of Draper Lake and the Gulf.
Interiors are built for both luxury living and strong rental performance, featuring a second-floor open-concept layout that seamlessly integrates the kitchen, dining, and living spaces--ideal for entertaining and everyday enjoyment. Each townhome includes three spacious bedrooms with ensuite baths, a convenient guest powder room, and a three-stop elevator for effortless multi-level access. Ample carport-style parking beneath each unit easily accommodates multiple vehicles and guests.
Located in the serene, low-traffic enclave of Blue Mountain Beach along Scenic Highway 30A, Blu Wave benefits from one of the most desirable addresses on Florida's Emerald Coast. The area is famous for its towering sand dunes, sugar-white beaches, turquoise waters, and rare coastal dune lakes like Draper Lake. This quieter, more exclusive vibe compared to busier neighboring communities supports premium rental rates and strong year-round demand from discerning vacationers and seasonal residents.
Investment highlights 
" Brand new construction - immediate income potential upon completion
" Limited to just six units total - exclusivity drives higher occupancy and rates
" Exceptional rental upside with projected gross revenues over $700,000+ annually for the full portfolio
" Luxury and breathtaking views that command top-tier nightly/weekly rates
" Prime 30A location with strong appreciation history and consistent tourism demand
Blu Wave perfectly combines sophisticated coastal luxury, privacy, and outstanding income-generating potential in one of South Walton's most coveted beach communities.
#1007386

Santa Rosa Beach

14 Blue Wave Drive

18 Beds

18 Baths

17,088 Sq.Ft.

$10,500,000

MLS#: 1007386

This 34 +/- acre development is located approximately 1.7 miles south of State Hwy 20 on US Hwy 331 South and approximately 3 miles north of the Choctawhatchee Bay from the Clyde B. Wells Bridge. Property currently has plans for development as RV Park with Marina, restaurant and commercial outparcels etc.  Agent has engineerring and construction plans available with signed NDA.  Potential opportunity for commercial and recreational development with access to the Choctawhatchee Bay along a growing corridor of Walton County with average AADT between 17-18K cars per day. This development consists of 10 parcels. perfectly situated in a HIGH TRAFFIC corridor with potential for marina, recreational use, commercial, etc.
#713035

Freeport

130 Lagrange Road

None Beds

None Baths

34.0 acres

$10,500,000

MLS#: 713035

$790,000+ Net Operating Income
33,000 SF, 3-story Class A office building
94% leased with diversified tenant mix
1,824 SF available for lease
High demand, high growth location with limited inventory; long term leases
#789041

Santa Rosa Beach

6925 US Highway 98 301

None Beds

None Baths

31,840 Sq.Ft.

$10,500,000

MLS#: 789041

A masterfully designed retreat in the heart of Alys Beach, 117 Whalebone Aly blends striking architecture, artisanal craftsmanship, and luxurious comfort into a timeless coastal sanctuary. Positioned on a prime corner homesite along the Turtle Bale pedestrian path, this residence offers exceptional privacy while being just steps from the sugar-white sands and the vibrant energy of 30A.

Designed by renowned architect Paul Geary and brought to life by John Brown of Gulfview Construction, this residence reflects the essence of Alys Beachâ”where beauty, balance, and simplicity converge. With 5 bedrooms, a custom bunk area, 5 full bathrooms, and 2 half baths, the home was thoughtfully created for multi-generational livingideal for grandparents with young families or siblings building shared traditions.

The open-concept interior is a work of art, featuring Venetian plaster walls and handcrafted antique oak beams, trim, and wall accentseach detail meticulously selected and created by some of the Southeast's most skilled artisans. The kitchen is outfitted with professional-grade Wolf and Sub-Zero appliances, blending culinary performance with design-forward elegance.

Seamless integration between the indoor living spaces and the expansive private courtyard allows for effortless transitions between relaxing inside and entertaining outdoorsenhancing the home's livability and flow. The second level also features a spacious secondary living area, offering additional room for gathering, relaxing, or hosting.

Upstairs, the primary suite serves as a tranquil sanctuary, complete with a rooftop terrace and fire featurea breathtaking space to unwind under the stars.

Outdoors, the oversized courtyard becomes an extension of the living space, offering multiple lounge and dining areas, a private pool, poolside bathroom, a grilling station, and a large outdoor fireplaceperfect for both entertaining and quiet moments of retreat.

Offered fully furnished, this is more than a homeit's a legacy property, a seamless fusion of design, comfort, and the timeless spirit of Alys Beach.
#973929

Inlet Beach

117 Whalebone Aly

5 Beds

5 Baths

4,861 Sq.Ft.

$10,450,000

MLS#: 973929

Property has been re-built from the ground up; so everything is brand new even the parking lot. This opportunity is about 95% complete. The asking price is about half of the true value. 90 rooms and another 6 or so comprising of the Lobby, Electrical, Washer and Dryer area etc. All of the furniture is in and the TV's are hung. It was formerly known as The Labrisa Inn. It is located just down the street from the new Tyndall Air Force Base. More pics and drone footage coming soon...
#788472

Panama City

5711 E Highway 98

None Beds

None Baths

32,400 Sq.Ft.

$10,450,000

MLS#: 788472

13 Sea Garden Street is a brand-new construction south of 30A home in Alys Beach. Designed by Chancey Architecture, this custom home offers 4 bedrooms, a large bonus room, 5.5 bathrooms, a two-car garage with storage and an elevator up to the 3rd floor rooftop terrace. The private courtyard is designed for entertaining and everyday living with its two sets of bi-folding doors that open out to the plunge pool, covered outdoor living space, sunning area, and summer kitchen. The 3rd floor rooftop terrace looks west to enjoy sunset views over the rooftops of Alys Beach the iconic medjool palms that Alys is known for. 

From the marble mosaic flooring to the Christiana white oak cabinetry and venetian plastered ceilings with lime washed beams, upgraded finishes and fixtures are found throughout. Furnishings and art by Chancey Interior Design convey with the home and add the right touch of coastal elegance.
#1004265

Inlet Beach

13 Sea Garden Street

4 Beds

5 Baths

4,551 Sq.Ft.

$10,450,000

MLS#: 1004265

26 Sea Garden Street is a south of 30A new construction custom home in Alys Beach designed by Chancey Architecture and built by Arkon. Ideally located, this corner site fronts a park overlooking Sea Garden Street. With 5 bedrooms, a two-car garage, an elevator up to the 3rd floor rooftop terrace, a private courtyard with plunge pool and ample storage throughout this house is well suited for full time living or comfortable getaways to the beach. 

Venetian plaster and upgraded fixtures, finishes and appliances are found throughout. Buyer may contract with Chancey Interior Design for furnishing and accessories package.
#995436

Inlet Beach

26 Sea Garden Street

5 Beds

5 Baths

4,310 Sq.Ft.

$10,350,000

MLS#: 995436

Ready to move onto, this parcel of almost 7 ac is ready for your mobile home, well, septic and power pole is in place, lots of privacy, long driveway, lots of natural woods and peace and quite, drive by and look at this today, call agent with any questions.
#642134

Altha

6217 CAMP HEAD Road

None Beds

None Baths

N/A

$10,312,014

MLS#: 642134

Words only begin to capture the essence of this newly constructed, gulf-front masterpiece. Locted within Gulf Trace--one of 30A's most secluded, coveted, and tightly held beachside enclaves--this new home redefines the standard for coastal luxury. Every square inch of this residence was meticulously envisioned and masterfully executed, balancing robust structural integrity with sophisticated, high-end design.  Moving through the home, the level of finish is an absolute testament to the owner's flawless vision and uncompromising eye for detail. Eschewing standard builder grades, the owner personally curated every design element to create an atmosphere of refined, organic luxury.  Precision craftsmanship shines throughout.  A soothing, sophisticated coastal palette flows seamlessly across the home and features exquisite quartzite countertops and intricate, custom-tiled backsplashes.  The kitchen features modern cabinetry, an oversized prep island, and top-tier luxury appliances integrated seamlessly to please the most discerning culinary enthusiast. Catering and grand-scale entertaining are handled effortlessly via a hidden, walk-in scullery that keeps prep work out of sight.  Effortless movement throughout this residence is guaranteed by a premium residential elevator, providing mechanical access to all four levels of the home. This highly coveted feature ensures that everyone, from young children to multi-generational guests, can transition flawlessly from the ground floor up to the crowning jewel of the property: a spectacular rooftop terrace. From this elevated vantage point, enjoy unparalleled, unobstructed 180-degree views stretching from the twinkling lights of Destin all the way to Panama City Beach--an ideal sanctuary for witnessing unforgettable 30A sunsets.  

Designed to blur the line between indoor luxury and outdoor paradise, the residence features a gulf-front pool deck seamlessly integrated with a screened lanai. This outdoor oasis serves as the perfect backdrop for open-air dining, coastal entertaining, or quiet relaxation over the emerald waves.

The intuitive floor plan is optimized for both grand-scale entertaining and intimate family living. The home boasts multiple distinct living areas, offering effortless traffic flow and premium privacy. Accommodating guests is a breeze with five expansive bedrooms, each featuring its own dedicated ensuite bathroom finished with spa-like fixtures and premium stone. 

More than just a house, this rare architectural achievement offers an incomparable legacy lifestyle. It stands ready to host generations of family gatherings, deliver years of cherished memories, and provide a lifetime of pure coastal joy to its discerning new owner.
#1007101

Santa Rosa Beach

297 Gulf Shore Drive A

5 Beds

6 Baths

4,057 Sq.Ft.

$10,250,000

MLS#: 1007101

57,328 SF Distribution Center on 4.5 acres with 5,000 SF of offices and showroom. Loading docks with two dock high14-foot roll up doors and two ground level 14-foot overhead doors 

Built to Suit in 2020 by Reliant South Contractors with full set of construction plans on hand. 

Available For Lease June 1, 2026 
$14 SF NNN
Currently occupied / shown by appointment only.  Photos and plans available on request
#778253

Panama City Beach

17684 Cordova Place

None Beds

None Baths

57,328 Sq.Ft.

$10,250,000

MLS#: 778253

Perched on 65 feet of pristine Gulf frontage and just a short stroll to Rosemary Beach, this custom-built architectural masterpiece delivers the ultimate coastal lifestyle along 30A. Designed by Brian Stackable and crafted with exceptional attention to detail, this legacy Gulf-front home offers an unmatched combination of luxury, comfort, and timeless design.

Spanning over 5,200 square feet across four levels, the home features 6 bedrooms, each with its own ensuite bath, and an elevator servicing all floors. The first floor is solid concrete, providing structural integrity and peace of mind, while opening to a spacious living area with a kitchenette perfectly positioned off the private pool. Inside, floor-to-ceiling Eurowall sliding doors showcase breathtaking panoramic Gulf views from every room, creating a seamless connection between indoor and outdoor living. The open-concept main level boasts a chef's kitchen with Wolf, Sub-Zero, and Cove appliances, an oversized island, walk-in pantry, and custom cabinetry designed for both entertaining and everyday living.

The primary suite is a serene retreat, featuring two large custom closets, a washer and dryer conveniently located within the suite, and a spa-inspired bath. Beverage coolers, powered window treatments, and premium finishes are thoughtfully integrated throughout the home.

Step outside to your private beach walkover and enjoy a backyard oasis complete with Ipe decking, a heated pool with spa jets, turfed lounge areas, and shellstone pavers that complement the coastal landscape. The two-car garage includes heated and cooled storage, with a side-access design that provides easy entry for beach gear and pool essentials.

Never rented and maintained in pristine, like-new condition, this home stands apart as a rare Gulf-front offering. With ample parking, luxury finishes at every turn, and Gulf views that stretch endlessly across the horizon, 323 Pompano Street isn't just a home it's a rare opportunity to own a generational retreat on one of 30A's most coveted stretches of sand.
#995822

Inlet Beach

323 Pompano Street

5 Beds

6 Baths

5,239 Sq.Ft.

$10,250,000

MLS#: 995822

** PRICE REDUCTION** Neat 3 bedroom 2 bath brick home on nice corner lot in Sunny Hills. There is a golf course near by and several nice lakes. The house has nice features with good design and has a 2 car attached garage. The back yard has privacy fencing and there is a large bearing pear tree and a metal yard building.
#642260

Chipley

2207 QUAKER Street

3 Beds

2 Baths

1,390 Sq.Ft.

$10,242,014

MLS#: 642260

4.45 acres with well, septic, & power pole for sale. Located on a main paved road. This would be a very nice piece of peoperty to build your home or place a Mobile Home on. Drive by today.
#641764

Altha

5361 COUNTY ROAD 274

None Beds

None Baths

N/A

$10,232,015

MLS#: 641764

This dynamic, classic McAlpine designed home graces 66 waterfront feet in iconic Rosemary Beach on the Gulf of Mexico. The courtyard, pool and outdoor living spaces are an elegant prelude to the coastal sophistication within this gulf-front gem. Beautiful shades of driftwood grays, airy sky blues and creamy whites reflect the emerald waters throughout the 5000 square feet. The expansive vaulted living areas encompass the open living room, media room and dining room with sweeping views of the sea blue green waters of the gulf. The kitchen is a chef's delight with rustic cypress cabinets and marble countertops. An expansive master suite has panoramic views with a large sitting area and his and hers en suite baths. This home also hosts five additional guest bedrooms with en suite baths. Information contained within this listing such as square footage, is deemed to be accurate but is not guaranteed. Buyer to verify.
#764161

Rosemary Beach

11 Spanish Town Court

6 Beds

6 Baths

5,208 Sq.Ft.

$10,200,000

MLS#: 764161

Spectacular new gulf front residence! Recently completed by Velvet Sun Builders.
#862091

Seacrest

8570 E County Highway 30A

6 Beds

7 Baths

7,570 Sq.Ft.

$10,110,672

MLS#: 862091

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.
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