30A Real Estate | Bobby J Team | Trusted Local Experts

Townhome

14 Blue Wave Drive

Santa Rosa Beach, FL 32459

MLS#: 1007386

$10,500,000

Status: Active
Listing number: 1007386
Listing provided by: Scenic Sotheby's International Realty
Listing agent phone: None
Last update: a day ago
New on site 2 days ago
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Blu Wave Luxury Residences - Residential

Property

Beds

18

Full Baths

18

1/2 Baths

6

Year Built

2026

Sq.Footage

17,088

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.

Features & Amenities

Interior

  • Other Interior Features

    Elevator

  • Total Bedrooms

    18

  • Bathrooms

    18

  • 1/2 Bathrooms

    6

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s), Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Attached Carport, Carport, Covered

  • Pool

    No

  • View

    Lake

Area & Lot

  • Lot Size(acres)

    0.82

  • Lot Size(square feet)

    35,719

  • Property Type

    Residential

  • Property Sub Type

    Townhouse

  • Architectural Style

    Townhome

Price

  • Sales Price

    $10,500,000

  • Tax Amount

    $8,318.24

  • Zoning

    Resid Multi-Family

  • Sq. Footage

    17,088

  • Price/SqFt

    $614

HOA

  • Association

    YES

  • Association Fee

    $4,400

  • Association Fee Frequency

    Annually

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Dune Lakes

  • Middle School

    Emerald Coast

  • High School

    South Walton

Property Features

  • New Construction

    NO

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Location

County

Walton

Elementary School

Dune Lakes

Middle School

Emerald Coast

High School

South Walton

Listing Courtesy of Stuart Kirby , Scenic Sotheby's International Realty

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Agent Stacey Petrucci

Partner

Stacey Petrucci

Call Stacey today to schedule a private showing.

(850) 842-9851

Staceyp30a@gmail.com


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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.

14 Blue Wave Drive

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