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For sale
    • $11,995,000

    137 Elbow Beacch Rd, Alys Beach, FL 32461

    5beds
    4,587sqft
    : 
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    Single Family Residence
    Built in 2027
    3,920 Square Feet Lot
    $-- Zestimate®
    $2,615/sqft
    $-- HOA

    What's special

    Elevated private poolSeparate spaTwo-car garageFive-bedroom five-and-a-half-bathroom homeThree open exposuresThird-floor primary suite
    Don't miss this chance to claim a stunning home one off the gulf front in Alys Beach, an exceptional value that sets you apart at this price point! Poised on a prominent corner lot on the south side, this offering presents an extraordinary opportunity to own a thoughtfully designed coastal residence with curated architectural integrity and sweeping western views to the Gulf. This five-bedroom, five-and-a-half-bathroom home encompasses 4,587 square feet of refined interior living, complemented by 1,971 square feet of open-air balconies and 663 square feet of covered loggia space crafted to embrace the effortless indoor- outdoor lifestyle that defines Alys Beach. An elevated private pool and a separate spa, positioned beside the third-floor primary suite, offer an intimate retreat with rare vantage points overlooking the protected corridor of Paradise by the Sea. With three open exposures and a two-car garage... this residence exudes presence, privacy, and elegance. Designed by Chancey Architecture and brought to life by Arkon Group General Contractors, this home is currently under construction, allowing for a discerning buyer to personalize. The seller invites a buyer to assume the existing construction contract for an all-in investment of $11,995,000 and close now. Estimated completion is 12 to 14 months. An exceptional offering in one of the Gulf Coast's most architecturally significant communities. Purchase now for immediate Alys Beach ownership benefits.
    317 days
    |
    646
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Rita K Montgomery 850-819-5749,

    Christies International Real Estate Emerald Coast

    Source: ECAOR,MLS#: 984004MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      Primary bedroom
      • Level: Third
      • Area: 258.79 Square Feet
      • Dimensions: 18.9 x 13.7
      Bedroom
      • Level: First
      • Area: 156 Square Feet
      • Dimensions: 13 x 12
      Bedroom
      • Level: First
      • Area: 150.29 Square Feet
      • Dimensions: 13.3 x 11.3
      Primary bathroom
      • Level: Third
      • Area: 137.55 Square Feet
      • Dimensions: 10.5 x 13.1
      Dining room
      • Level: Second
      • Area: 187.85 Square Feet
      • Dimensions: 10.5 x 17.9
      Kitchen
      • Level: Second
      • Area: 314.86 Square Feet
      • Dimensions: 18.2 x 17.3
      Living room
      • Level: Second
      • Area: 258.36 Square Feet
      • Dimensions: 17.11 x 15.1
      Pantry
      • Description: Scullery
      • Level: Second
      • Area: 120 Square Feet
      • Dimensions: 10 x 12
      Heating
      • Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Microwave, Refrigerator
      • Laundry: Washer/Dryer Hookup
      Features
      • Pantry, Elevator
      • Flooring: Hardwood, Tile
      • Windows: Window Treatments
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 4,587
      • Total interior livable area: 4,587 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage Door Opener
      • Attached garage spaces: 2
      Features
      • Stories: 3
      • Patio & porch: Deck, Patio
      • Exterior features: Balcony, Outdoor Kitchen
      • Pool features: Heated
      • Has spa: Yes
      • Spa features: Heated
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      Lot
      • Size: 3,920 Square Feet
      • Dimensions: 40 x 100
      • Features: Corner Lot, Covenants, Curb & Gutter, Restrictions, Sidewalk, Within 1/2 Mile to Water
      Details
      • Parcel number: 263S18164060UU0010
      • Zoning description: Resid Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Other
      • Property subtype: Single Family Residence
      Materials
      • Block, Concrete, Stucco
      • Roof: Concrete
      Condition
      • Under Construction
      • New construction: No
      • Year built: 2027

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Features: Beach, Deed Access, Fitness Center, Pavillion/Gazebo, Playground, Pool, Sauna/Steam Room, Waterfront, Pickleball, Short Term Rental - Allowed
      • Subdivision: ALYS BEACH
      HOA
      • Has HOA: Yes
      • Services included: Security, Trash
      Location
      • Region: Alys Beach

      Financial & listing details

      • Price per square foot: $2,615/sqft
      • Tax assessed value: $2,000,000
      • Annual tax amount: $21,368
      • Date on market: 8/26/2025
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        11/11/2025Price change$11,995,000-4%$2,615/sqft
        Source: ECAOR #984004 Report a problem
        8/26/2025Listed for sale$12,495,000+407.4%$2,724/sqft
        Source: ECAOR #984004 Report a problem
        9/19/2023Sold$2,462,500+7.3%$537/sqft
        Source: Public Record Report a problem
        9/22/2022Sold$2,295,000$500/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$21,444 +0.3%$2,000,000 +1%
        2024$21,369 +5.4%$1,980,000 +5.9%
        2023$20,266 +27.5%$1,869,000 +36.7%
        2022$15,897 $1,367,489
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Alys Beach

        Getting around

        27 / 100
        Car-Dependent
        41 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Dune Lakes
        • Middle: Emerald Coast
        • High: South Walton

        Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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