18 Beds
24 Baths
17,088 SqFt
18 Beds
24 Baths
17,088 SqFt
Key Details
Property Type Single Family Home, Townhouse
Sub Type Attached Single Unit
Listing Status Active
Purchase Type For Sale
Square Footage 17,088 sqft
Price per Sqft $614
Subdivision Blu Wave Luxury Residences
MLS Listing ID 1007386
Style Townhome
Bedrooms 18
Full Baths 18
Half Baths 6
HOA Fees $4,400/ann
HOA Y/N Yes
Year Built 2026
Annual Tax Amount $8,318
Tax Year 2025
Lot Size 0.820 Acres
Acres 0.82
Property Sub-Type Attached Single Unit
Source Emerald Coast Association of REALTORS®
Land Area 17088
Property Description
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.
Location
State FL
County Walton
Area 17 - 30A West
Zoning Resid Multi-Family
Direction From W Scenic Hwy 30A turn north onto Blue Pine Blvd, development is on the right
Rooms
Primary Bedroom Level Upper
Master Bedroom true
Interior
Interior Features Elevator
Cooling Ceiling Fans, Central Air
Furnishings Furnished - None
Appliance Dishwasher, Microwave, Refrigerator, Smoke Detector
Exterior
Parking Features Carport, Carport Attached, Covered
Carport Spaces 18
Utilities Available Electric
View Lake, Gulf
Street Surface Paved
Road Frontage County Road
Garage No
Building
Lot Description Covenants, Restrictions, Within 1/2 Mile to Water
Faces From W Scenic Hwy 30A turn north onto Blue Pine Blvd, development is on the right
Story 3
Architectural Style Townhome
New Construction No
Schools
Elementary Schools Dune Lakes
Middle Schools Emerald Coast
High Schools South Walton
Others
Pets Allowed No
Tax ID 01-3S-20-34030-000-00B0
Nearby Locations
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