Frangista Beach 3rd Addn Homes for Sale

Welcome to Frangista Beach 3rd Addn, a charming subdivision nestled in the heart of Miramar Beach, Florida, within picturesque Walton County. This idyllic community is renowned for its stunning coastal beauty, offering residents a perfect blend of tranquility and vibrant beach life. Just a stone's throw away from the pristine shores of the Gulf of Mexico, Frangista Beach is an ideal location for those seeking a serene escape while still being close to the excitement of nearby attractions.

The homes for sale in Frangista Beach 3rd Addn boast a variety of architectural styles, showcasing the unique character of this coastal enclave. From charming beach cottages to luxurious modern residences, there’s something for everyone. Many homes feature spacious open floor plans, gourmet kitchens, and private outdoor spaces perfect for entertaining or relaxing after a day at the beach. Imagine waking up to the sound of the waves and enjoying your morning coffee on a sun-drenched patio, surrounded by lush tropical landscaping.

In addition to its stunning homes, Frangista Beach offers a friendly community atmosphere, with nearby parks, walking trails, and easy access to local shops and restaurants. The area is also popular for its rental potential, making it a fantastic investment opportunity for those looking to capitalize on the thriving vacation rental market.

Whether you’re searching for your dream home or a vacation getaway, Frangista Beach 3rd Addn presents a unique opportunity to experience the best of coastal living in Miramar Beach. Don’t miss your chance to be part of this enchanting community!

Newest Frangista Beach 3rd Addn Homes for Sale

$1,280,000

4 Beds ⋅ 4 Baths ⋅ 1007590 MLS

Located in the gated Villas of Frangista community within the highly desirable third addition of Frangista Beach, 61 Shelley's Way presents an exceptional opportunity to own a beautifully appointed coastal home in the heart of Miramar Beach. Featuring 4 bedrooms, 4 full bathrooms, a private pool, and access to a community pool, the property is ideally suited as a primary residence, second home, or income-producing short-term vacation rental. The home is being sold fully furnished with only a few minor exclusions, offering buyers a convenient and nearly turnkey ownership opportunity. Inside, the thoughtfully designed floor plan features an open-concept living, dining, and kitchen area filled with natural light and coastal-inspired finishes. Wood flooring, a soft neutral color palette, and an inviting layout create a bright and welcoming atmosphere for everyday living and entertaining. The kitchen is equipped with white quartz countertops, stainless steel appliances, a spacious island with seating, and a dedicated coffee and beverage bar complete with a wine chiller. Four well-appointed bedrooms, including a spacious primary suite, provide comfortable accommodations for family and guests, while multiple ensuite and adjacent bathrooms offer convenience and privacy. The outdoor living space is designed for enjoying Florida's year-round lifestyle. A covered porch overlooks the fenced backyard and private pool, creating an ideal setting for relaxing or entertaining. An outdoor living area with a fire feature, television, and generous patio space extends the home's living area outdoors, while the attached garage provides additional storage for beach gear and everyday convenience. The property also offers strong short-term vacation rental and investment potential. Current rental activity exceeds $55,000 for the year, despite scheduled owner usage and blocked dates. Rental projections indicate the potential to generate up to approximately $78,000 in annual gross rental revenue when made consistently available for guest use. Owners enjoy the privacy and security of a gated neighborhood along with access to the community pool. While the property does not include deeded private beach access, the Miramar Beach Regional Public Beach Access adjacent to Pompano Joe's is just a quick golf-cart or bike ride away. One of the area's premier public beach accesses, it offers convenient parking, restrooms, showers, bike racks, ADA accessibility, and seasonal lifeguards. Perfectly positioned in the heart of Miramar Beach, the home places you just minutes from the white-sand beaches of the Emerald Coast, Silver Sands Premium Outlets, Grand Boulevard, Sandestin Golf and Beach Resort, championship golf, dining, entertainment, and grocery shopping. Scenic Highway 30A and its iconic beach communities are only a short drive away, while Destin's world-class fishing, boating, restaurants, and shopping are equally convenient. Whether you are searching for a full-time residence, luxurious second home, or furnished income-producing investment property, 61 Shelley's Way delivers an outstanding combination of location, privacy, rental potential, outdoor living, and coastal lifestyle in one of Miramar Beach's most desirable gated communities.

61 Shelleys Way, Miramar Beach

Listing courtesy of Berkshire Hathaway HomeServices.

$1,530,000

4 Beds ⋅ 4 Baths ⋅ 1002642 MLS

MEET PENELOPE! Where Beach Days Become Family Traditions There are beach houses you visit--and then there are beach houses that become part of your family's story. Tucked within the highly sought-after Frangista Beach community of Miramar Beach, 170 Penelope Street offers the rare opportunity to own a home where the best of the Emerald Coast is remarkably close, yet everyday life still feels private and relaxed. Just imagine mornings beginning with coffee on the coast, afternoons spent at the beach, and evenings gathered around the table with the people you love most. Designed with both owners and guests in mind, this spacious four-bedroom home offers an inviting open-concept layout with multiple sleeping areas, generous gathering spaces, and the flexibility today's beach buyers are looking for. Whether you're creating your family's own coastal retreat, hosting extended family and friends, or looking for a property that can generate meaningful rental income when you're away, the home adapts beautifully to the way you want to enjoy the beach. And then there's the backyard. With room for a private pool, the property offers an exciting opportunity to create an even more elevated outdoor retreat--and potentially make an already compelling vacation property even more desirable to future guests. Frangista Beach is the kind of location buyers search for when they want to experience Miramar Beach without sacrificing convenience. The beach, restaurants, shopping, golf and entertainment are all close by, with the area being particularly well suited to walking, biking and golf-cart living. For those looking at the property through an investment lens, the opportunity becomes even more compelling. Short-term rentals are permitted, and the home has demonstrated strong rental performance, making it possible to enjoy the property personally while allowing it to work for you when you're away. But the numbers are only part of the story. The real value is owning a place where your children can grow up knowing exactly which beach access to take, where extended family can gather for another summer together, and where a week at the beach can eventually become a lifetime of memories. 170 Penelope Street isn't simply an investment in Miramar Beach. It's an opportunity to own the place where the memories happen. Bring your offer and come see why this Frangista Beach retreat deserves a closer look.

170 Penelope St, Miramar Beach

Listing courtesy of Corcoran Reverie SRB.

$995,000

3 Beds ⋅ 4 Baths ⋅ 996543 MLS

Located in the gated community of Villas of Frangista in Miramar Beach, this spacious 3-bedroom short-term rental with a bonus bunk area and 4 full bathrooms offers comfort and flexibility. The well-designed layout provides generous living and entertaining space, ideal for a second home or STR investment. Each bedroom has access to a full bath, while the additional bunk area increases sleeping capacity. Residents and guests enjoy access to a large community pool. Just one mile from the largest public beach access in Miramar Beach and minutes from Silver Sands Premium Outlets and Destin Commons, this property combines location, lifestyle, and rental potential in one of the area's most desirable communities.

18 Lakeland Dr, Miramar Beach

Listing courtesy of EXP Realty LLC.

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