Property
Beds
5
Full Baths
5
1/2 Baths
None
Year Built
2009
Sq.Footage
3,108
The only Gulf-view, private pool home south of Highway 98 in Inlet Beach currently available under $2,000,000 -- and it's fully furnished. Positioned steps from the Gulf of America in the intimate gated enclave of Enclave at Inlet Beach, 32 E Park Place Avenue Unit 601 delivers 3,108 sq ft of coastal luxury across three levels with a private elevator serving every floor. Five bedrooms, five baths, including a ground-floor suite with direct access to the private heated pool and spa courtyard -- ideal for guests, in-laws, or rental optimization. The chef's kitchen showcases quartz countertops, professional-grade appliances, and custom white cabinetry. Rich pine floors, shiplap walls, and French doors opening to the outdoor kitchen and pool create a seamless indoor-outdoor retreat. Gulf views from multiple levels. Every bedroom en suite. One-car garage. Walking distance to the Gulf. Documented $90,000 in rental income -- with comparable Enclave units producing $150K+ under active management. The rental upside here is real and immediate. Whether you're seeking a legacy beach home, a turnkey investment, or both -- nothing competes at this price south of 98. Adjacent to Rosemary Beach. Shown Saturdays only -- currently fully booked through July. 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. For a buyer doing their homework, the math is immediate. THE PROPERTY The home unfolds across three beautifully finished levels, connected by a private elevator -- a feature that makes this property genuinely accessible for buyers of any age who want to enjoy the beach lifestyle without negotiating stairs every day. The ground floor opens to the private pool and spa courtyard through French doors, with an outdoor kitchen designed for evening entertaining and a ground-floor bedroom suite perfect for guests who want direct pool access. The main living level showcases the design philosophy that runs throughout the home: rich pine hardwood floors, shiplap-paneled walls, soaring ceilings, and a chef's kitchen finished with white custom cabinetry, quartz countertops, and professional-grade appliances. The living space flows naturally through French doors to the covered balcony with Gulf views that will stop you mid-sentence. The upper floors deliver the bedroom suites that make this property exceptional as both a personal retreat and a rental asset -- each bedroom en suite, most with private balcony access, each capturing Gulf views at increasing elevation. Five bedrooms. Five full baths. Every guest in their own private world. THE INVESTMENT OPPORTUNITY This property generated $90,000 in documented rental income in its most recent full operating year -- under a vacation management firm that comparable Enclave owners have consistently outperformed. Units in this same development with similar floor plans and identical Gulf views have documented actuals of $110,000-$150,000 annually under active professional management. The gap between $90,000 and $150,000 is not a flaw in the property -- it is the upside. A new owner who switches to a high-performing rental manager captures an immediate and material improvement in returns. At a $1,999,999 purchase price and $150,000 in gross rental income, this property pencils in today's interest rate environment in a way that was simply not possible during the higher-rate years of 2024 and 2025. The property is fully booked through the end of July 2026 -- existing reservations that transfer to the buyer and represent immediate income at closing. THE LOCATION Enclave at Inlet Beach occupies one of the most sought-after pockets on the entire 30A corridor. The community sits south of Highway 98, north of the dunes, one block from a public Gulf access point. To the west: Rosemary Beach, 30Avenue, and the full amenity base of the 30A lifestyle. To the east: the natural quiet of Camp Helen State Park and Lake Powell. The location delivers the energy of 30A with the privacy of a small, gated enclave. The beach here is uncrowded, pristine, and accessible within a two-minute walk. Gulf views from the upper levels are unobstructed and permanent -- the protected dune system ensures they stay that way. PROPERTY HIGHLIGHTS Location & Access Gated community of fewer than 20 homes · One block to the Gulf of America · Adjacent to Rosemary Beach · South of Highway 98 Size & Configuration 3,108 heated/cooled sq ft · 5 bedrooms, all en suite · 5 full baths · 3 levels · Ground-floor suite with pool access Signature Features Private elevator serving all floors · Private heated pool and spa · Outdoor kitchen and courtyard · Gulf views from multiple levels · One-car garage Interior Finishes Pine hardwood floors throughout · Shiplap feature walls · Chef's kitchen with quartz countertops and professional appliances · Custom white cabinetry · French doors to outdoor spaces Investment Profile Sold fully furnished · Documented $90,000 actuals -- comps achieve $150K+ · Fully booked June-July 2026 · Short-term rental permitted SHOWING INSTRUCTIONS Property is an active vacation rental and currently fully booked through July 2026. Showings available Saturdays between guest turns only. Serious inquiries contact listing agent directly for Saturday availability. Buyer to verify all dimensions and information deemed important.
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, Private
Area & Lot
-
Lot Features
Cul-De-Sac, Level, See Remarks
-
Lot Size(acres)
0.04
-
Lot Size(square feet)
1742.4
-
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
N/A
-
Price/SqFt
N/A
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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REALTOR®
Randy Baxter
Call Randy today to schedule a private showing.
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