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32 E Park Place Ave #601, INLET BEACH, FL, 32461

5beds
5baths
3,108sqft
$1,999,999
$644price/sqft
$12,126/moest. monthly cost
$485,040/yrincome needed

About This Home

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

Getting Around

17
WalkingCar-Dependent
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

10/10
Bay Elementary SchoolGrades K-56.8 mi
8/10
8/10
South Walton High SchoolGrades 9-1213.1 mi

Construction

Condition

  • Property condition: Construction Complete
  • Year built: 2009

Materials

  • Roof: Metal
  • Construction materials: Stucco

Type & Style

  • Home type: Townhouse
  • Architectural style: Beach House
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Range Hood,Refrigerator,Washer,Electric Water Heater
  • Laundry features: Washer/Dryer Hookup

Bathroom

  • Level: First

Bedroom

  • Level: Second
  • Area: 176
  • Dimensions: 16 x 11

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 5

Dining Area

  • Level: Third
  • Area: 126
  • Dimensions: 14 x 9

Dining Room

  • Level: First

Features

  • Breakfast Bar,Vaulted Ceiling(s),Tray Ceiling(s),In-Law Floorplan,Recessed Lighting,Owner's Closet,Pantry,Split Bedroom,Woodwork Painted,Elevator
  • Window features: Window Treatments
  • Flooring: Hardwood

Florida Room

  • Level: Third
  • Area: 234
  • Dimensions: 18 x 13

Heating & Cooling

  • Heating features: Central,Heat High Efficiency
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 3,108
  • Total interior livable area: 3,108 sqft

Kitchen

  • Level: Third
  • Area: 208
  • Dimensions: 16 x 13

Kitchen

  • Level: First

Laundry

  • Level: Second

Master Bedroom

  • Level: Third
  • Area: 154
  • Dimensions: 14 x 11

Master Bedroom

  • Level: Second
  • Area: 176
  • Dimensions: 16 x 11

Office

  • Level: Third
  • Area: 48
  • Dimensions: 8 x 6

Other

  • Level: Second
  • Area: 55
  • Dimensions: 11 x 5

Property

Details

  • Parcel number: 363S18163200000150
  • Zoning description: Resid Multi-Family, Resid Single Family, See Remarks

Features

  • Stories: 3
  • Pool features: Heated,In Ground
  • Patio & porch: Covered,Deck,Patio,Porch
  • Exterior features: Outdoor Grill,Balcony,Columns,Private Yard,Outdoor Shower,Sprinkler System,Separate Living Area
  • Fencing: Partial,Privacy
  • Has view: Yes
  • View description: Gulf
  • Has water view: Yes
  • Water view: Gulf

Lot

  • Lot size: 1,742 sqft
  • Features: Cul-De-Sac,Dead End,Level,See Remarks,Within 1/2 Mile to Water
  • Lot size dimensions: 20 x 93

Parking

  • Total spaces: 4
  • Parking features: Garage Door Opener,Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Coastal Flooding
Inland Flooding
Tornado
Tsunami

FEMA Declared Disasters in Walton County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $10,113$121,356
Home Insurance *$209$2,508
Property Taxes $1,492$17,904
Electricity $312$3,753
Total$12,126$145,512
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$415,748/yr
40% on housing$363,780/yr
45% on housing$323,360/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 16.1%
16.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 8.0%
8.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$644This listing

vs Other Active Listings

Avg $/sqft

ZIP 32461$729
Walton County$484

vs Homes Sold Last Month

Median $/sqft

ZIP 32461$589
Walton County$400

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-12Listed for sale$1,999,999
2025-12-01Listing removed$2,145,000
2025-05-28Price change$2,145,000
2025-03-02Listed for sale$2,150,000
2023-07-11Listing removed--
2023-06-22Price change$2,499,999
2023-04-29Price change$2,500,000
2023-04-19Price change$2,550,000
2023-03-30Listed for sale$2,599,000
2021-04-30Sold$1,650,000
2021-03-21Pending sale$1,640,000
2021-03-19Listed for sale$1,640,000
2021-03-19Pending sale$1,640,000
2021-03-19Listed for sale$1,640,000
2018-06-07Sold$1,170,000
2018-02-28Listed for sale$1,199,000
2018-01-10Listing removed$1,199,000
2017-09-21Price change$1,199,000
2017-05-02Listed for sale$1,299,000
2016-08-11Sold$1,060,000
2016-03-11Listed for sale$1,195,000
2012-09-20Sold$675,000
2011-05-12Sold$550,000

For Sale by Agent

AgentScott Martineau
BrokerageRE/MAX Coastal Properties

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