14 Blue Wave Dr - Apartments FOR SALE


Santa Rosa Beach, FL 32459
$11,000,000 USD
850-231-5042
14 Blue Wave Dr, Santa Rosa Beach, FL for Sale
$11,000,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

14 Blue Wave Dr
Santa Rosa Beach, FL 32459


HIGHLIGHTS

  • Prime 30A location with strong appreciation history and consistent tourism demand
  • Luxury amenities and breathtaking views that command top-tier nightly/weekly rates
  • 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

OVERVIEW

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, set for completion in the next 30-45 days, 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. 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.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$644 USD /SF

# OF UNITS

6

PRICE/UNIT

$1,833,333

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blu Wave at Blue Mountain Beach

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,086 SF

ZONING

Residential

APN/PARCEL ID

01-3S-20-34030-000-00B0

ASK ABOUT THIS PROPERTY

Wes MaddenScenic Sotheby's International RealtyMore Info
850-231-5042

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Wes MaddenScenic Sotheby's International RealtyMore Info
850-231-5042

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.