Log In/Sign Up
Your email has been sent.
Blu Wave at Blue Mountain Beach 14 Blue Wave Dr 6 Unit Apartment Building $8,995,000 ($1,499,167/Unit) Santa Rosa Beach, FL 32459
Investment Highlights
- Prime 30A location with strong appreciation history and consistent tourism demand
- Brand new construction – immediate income potential upon completion
- Exceptional rental upside with projected gross revenues over $700,000+ annually for the full portfolio
- Luxury amenities and breathtaking views that command top-tier nightly/weekly rates
- Limited to just six units total – exclusivity drives higher occupancy and rates
Executive Summary
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 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 Include:
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 amenities 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.
Please contact Stuart Kirby (270.222.0785/stuart.kirby@scenicsir.com) for full financial projections, rental analysis, and details on acquiring this complete 6-unit investment package. Serious investors are encouraged to act quickly on this rare opportunity.
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 Include:
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 amenities 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.
Please contact Stuart Kirby (270.222.0785/stuart.kirby@scenicsir.com) for full financial projections, rental analysis, and details on acquiring this complete 6-unit investment package. Serious investors are encouraged to act quickly on this rare opportunity.
Property Facts
| Price | $8,995,000 | Building Class | B |
| Price Per Unit | $1,499,167 | Lot Size | 0.83 AC |
| Sale Type | Investment | Building Size | 17,088 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2026 |
| Property Subtype | Apartment | Parking Ratio | 0.7/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | Residential | ||
| Price | $8,995,000 |
| Price Per Unit | $1,499,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.83 AC |
| Building Size | 17,088 SF |
| No. Stories | 3 |
| Year Built | 2026 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | Residential |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
- Views
- Deck
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 6 | - | 2,848 |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-3S-20-34030-000-00B0 | Improvements Assessment | $0 |
| Land Assessment | $1,071,600 | Total Assessment | $1,071,600 |
Property Taxes
Parcel Number
01-3S-20-34030-000-00B0
Land Assessment
$1,071,600
Improvements Assessment
$0
Total Assessment
$1,071,600
1 of 56
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
