377 Canal St, Santa Rosa Beach, FL 32459

Property Description

Rare opportunity to own a beautifully updated 5BR/4BA residence in coveted Old Seagrove, bordering Seaside--where irreplaceable location and quality converge. Situated on nearly a quarter-acre, this 2,825 SF home with additional attic expansion potential offers exceptional privacy, scale, and flexibility just moments from the beach. The first level features an open living and dining area filled with natural light from four sets of French doors, complemented by a well-appointed kitchen with KitchenAid appliances, custom cabinetry with Blum drawer systems, and bar seating. A main-level bedroom with ensuite provides flexibility for guests or additional living space. Upstairs, the oversized primary suite offers a sitting area, private balcony, and a spacious bath with dual vanities. Additional bedrooms are thoughtfully arranged with a mix of ensuite and Jack-and-Jill configurations, including a versatile fifth bedroom ideal for a bunk room or media space. Outdoors, the property expands its appeal with an oversized two-car garage with potential carriage house addition and an expansive, fenced yard with ample room for a resort-style pool, putting green, and outdoor entertaining. With no HOA, fewer restrictions, and favorable taxes, the property presents a strong investment profile--projected rental income up to $343K with enhancements of a pool and golf cart--while remaining private enough for a primary or second home. An adjoining quarter-acre lot is also available for purchase, creating a rare opportunity to assemble a near half-acre legacy estate. Positioned along one of 30A's most desirable corridors, owners benefit from walkable access to dining, shopping, and multiple beach access points, combined with the flexibility and long-term upsides that define Old Seagrove.