14 Blue Wave Drive, Santa Rosa Beach, FL 32459

$10,500,000

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… Read More 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. Read Less

Courtesy of Stuart Kirby, Scenic Sotheby's International Realty, 270-222-0785

Listing Snapshot

Days Online

Last Updated

Jul 10, 2026

Beds

Square Ft.

17,088

Lot Size

0.82 Acres

Year Built

2026

MLS Number

1007386

30 Days Snapshot Of 32459

$988k

-32%

(avg) sold price

+58%

homes sold

154

+6%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road frontage: "County Road", Road surface: "Paved"

Building

Architectural style: "Townhome", Total area: 17,088, Built in 2026

Cooling

"Ceiling Fans", "Central Air"

Interior Features

"Elevator"

Lot

0.82 acres, 35,719 square feet, Area: 1, "Covenants", "Restrictions", "Within 1/2 Mile to Water"

Parking

"Carport", "Carport Attached", "Covered"

Property

View: "Lake", "Gulf"

Taxes

Annual amount: $8,318

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