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For sale
  • $2,850,000

    221 Hillcrest Rd, Santa Rosa Beach, FL 32459

    8beds
    4,536sqft
    : 
    Single Family Residence
    Built in 2024
    -- sqft lot
    $2,683,800 Zestimate®
    $628/sqft
    $-- HOA

    What's special

    Quartz countertopsDistinctive tile selectionsBuilt-in gas grillPrivate resort-style amenitiesCustom cabinetryLarge sectionalFire pit
    This is a very strong rental home that has $262,805 on the books as of March 19th 2026 for this upcoming year. The property generated $244,751 in gross rental revenue in 2025. Projections for 2026 are $280,000 - $290,000 according to property manager. Southern Holiday Homes Projections are $276,350 for 2026. Welcome to The Dune Retreat, an 8-bedroom, 8-bathroom coastal home on an elevated lot on Hillcrest Road, offering Gulf views, private resort-style amenities, and a layout well-suited for both personal use and short-term rental income. The home is a short walk to the beach via a pedestrian bridge over Oyster Lake, leading to a low-traffic access point with parking and rinse stations Thoughtfully designed with both full-time living and rental potential in mind, the home features an open-concept floor plan with soaring ceilings, designer lighting, and a chef's kitchen equipped with dual full-size refrigerators, quartz countertops, custom cabinetry, and a custom wood-wrapped vent hood. The spacious dining area comfortably seats ten and is complemented by additional seating at the island, creating an ideal space for entertaining. The living room is warm and inviting, centered around a large sectional and a refined blend of coastal and modern finishes. Each of the eight bedrooms offers privacy and comfort, with king-sized accommodations and beautifully appointed ensuite bathrooms featuring distinctive tile selections, gold fixtures, and walk-in showers. A thoughtfully designed bunk room includes built-in beds with individual lighting and storage, making it a perfect retreat for younger guests. Two expansive primary suites provide a true escape, complete with soaking tubs, dual vanities, and private balconies overlooking the Gulf and pool. An additional full bath serves the main living level. Outdoor living is at the heart of the property, with multiple covered balconies designed for relaxation. The private ModPools container pool and spa feature a clear side viewing window and a removable divider for customizable heating. The pool deck offers ample space for lounging and gathering, along with a fire pit, outdoor dining area, built-in gas grill, and outdoor shower. The rooftop deck serves as the crown jewel of the home, offering panoramic Gulf views and a private setting for sunset gatherings or morning coffee. Entertainment continues indoors with a dedicated game room featuring a full-size pool table, arcade games, and skee-ball, as well as a private theater room with reclining seating, projector screen, and wet bar. Additional features include smart home capabilities throughout, two full washer and dryer sets, secure owner storage, generous parking for eight or more vehicles, a dedicated golf cart outlet, and a Tesla wall charger. Fully furnished and rental ready, The Dune Retreat delivers a rare combination of elevated design, strong income potential, and the relaxed sophistication that defines 30A living.
    49 days
    |
    285
    |
    14
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 19, 2026 at 04:42pm

    Listed by:

    Michael Tounge 850-714-7605,

    Scenic Sotheby's International Realty

    Source: ECAOR,MLS#: 994954MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 8
      • Full bathrooms: 8
      Bedroom
      • Level: First
      • Area: 189.06 Square Feet
      • Dimensions: 13.75 x 13.75
      Bedroom
      • Level: First
      • Area: 195.94 Square Feet
      • Dimensions: 14.25 x 13.75
      Bedroom
      • Level: Second
      • Area: 162.56 Square Feet
      • Dimensions: 12.75 x 12.75
      Bedroom
      • Level: Second
      • Area: 189.06 Square Feet
      • Dimensions: 13.75 x 13.75
      Bedroom
      • Level: Second
      • Area: 210.38 Square Feet
      • Dimensions: 15.3 x 13.75
      Bedroom
      • Level: Second
      • Area: 197.63 Square Feet
      • Dimensions: 15.5 x 12.75
      Bedroom
      • Level: Third
      • Area: 210.38 Square Feet
      • Dimensions: 15.3 x 13.75
      Bedroom
      • Level: Third
      • Area: 197.63 Square Feet
      • Dimensions: 15.5 x 12.75
      Other
      • Level: Second
      • Area: 308.88 Square Feet
      • Dimensions: 14.3 x 21.6
      Kitchen
      • Level: First
      • Area: 224.13 Square Feet
      • Dimensions: 16.3 x 13.75
      Living room
      • Description: Living/Dining
      • Level: First
      • Area: 516.48 Square Feet
      • Dimensions: 28.3 x 18.25
      Living room
      • Level: Third
      • Area: 330 Square Feet
      • Dimensions: 16.5 x 20
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Washer
      • Laundry: Washer/Dryer Hookup
      Features
      • Breakfast Bar, Kitchen Island, Pantry, Woodwork Painted, Elevator
      • Flooring: Hardwood, Tile
      • Windows: Window Treatments
      • Furnished: Yes
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 4,536
      • Total interior livable area: 4,536 sqft

      Property

      Parking
      • Total spaces: 8
      Features
      • Stories: 3
      • Exterior features: Balcony
      • Pool features: Heated
      • Has spa: Yes
      • Spa features: Heated
      • Has view: Yes
      • View description: Gulf, Lake
      • Has water view: Yes
      • Water view: Gulf,Lake
      Lot
      • Dimensions: 100' x 150' x 87' x 150'
      • Features: Within 1/2 Mile to Water
      Details
      • Parcel number: 043S203407000B0160
      • Zoning description: Resid Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Beach House
      • Property subtype: Single Family Residence
      Materials
      • Frame, Siding CmntFbrHrdBrd
      • Roof: Metal
      Condition
      • Construction Complete
      • New construction: No
      • Year built: 2024

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Subdivision: DUNE ALLEN 2ND ADDN
      Location
      • Region: Santa Rosa Beach

      Financial & listing details

      • Price per square foot: $628/sqft
      • Tax assessed value: $450,000
      • Annual tax amount: $4,110
      • Date on market: 2/16/2026
      • Road surface type: Paved
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        Estimated market value

        $2,683,800

        $2.55M - $2.82M

        $5,168/mo

        Price history

        Price history
        DateEventPrice
        2/16/2026Listed for sale$2,850,000-1.7%$628/sqft
        Source: ECAOR #994954 Report a problem
        7/18/2025Listing removed$2,900,000$639/sqft
        Source: ECAOR #968231 Report a problem
        2/10/2025Listed for sale$2,900,000+383.3%$639/sqft
        Source: ECAOR #968231 Report a problem
        3/29/2022Sold$600,000+215.8%$132/sqft
        Source: Public Record Report a problem
        7/10/2020Sold$190,000+2.7%$42/sqft
        Source: Public Record Report a problem
        1/9/2020Sold$185,000$41/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$4,110 +0.5%$450,000
        2023$4,089 +115.1%$450,000 +144.6%
        2022$1,901 +17.4%$183,938 +10%
        2021$1,619 +6%$167,216 +9.3%
        2020$1,527 +3.5%$152,981 +3%
        2019$1,475 $148,526 +3%
        2018$1,475 +2.6%$144,200 +3%
        2017$1,438 +3.6%$140,000
        2016$1,388 $140,000

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $16,421/mo
        Principal & interest
        $14212
        Property taxes
        $2209
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          Climate risks

          Neighborhood: 32459

          Getting around

          14 / 100
          Car-Dependent
          35 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Van R Butler
          • 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.

          Local experts in 32459

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