14 Blue Wave Drive, Santa Rosa Beach, FL 32459 (MLS# 1007386)

14 Blue Wave Drive, Santa Rosa Beach, FL 32459

$10,500,000

Property Type: Residential Bedrooms: 18 Baths: 24 Square Footage: 17,088 Lot Size (sq. ft.): 35,719 Status: Active

Current Price: $10,500,000 List Date: 7/10/2026 Last Modified: 8/09/2026

Overview

Description

JUST COMPLETED! New Construction 6-Unit Portfolio Available - Blu Wave at Blue Mountain Beach 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 th ... (Read more)

Supplements: 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 v ... (Read more)

Listing Details MLS# 1007386

Contract Info

List Price/SqFt: 614.47
Listing Board: Emerald Coast

Location Tax and Legal

Area: 17 - 30A West
Street #: 14
Street Name: Blue Wave
Street Suffix: Drive
State: FL
Zip Code: 32459
County: Walton
Project Name/Subdivision: Blu Wave Luxury Residences
Parcel ID: 01-3S-20-34030-000-00B0

General Property Info

Sub-Type: Attached Single Unit
Design: Townhome
Apx SqFt(Htd/Cooled): 17088
SqFt Source: Building Plan
Full Baths: 18
Half Baths: 6
Total Bathrooms: 24
# Stories: 3
Year Built: 2026
Immediate Occupancy: No
Garage: No
Carport: Yes
Carport Spaces: 18
userdefined76: 18
Acreage: 0.82
Pool: No
Pool Type: None

Location, Tax and Legal

Sub Area: 1703 - Santa Rosa Beach and S of 98 East of 393
Elementary School: Dune Lakes
Middle School: Emerald Coast
High School: South Walton
Legal Description: TBD

Listing Info, Tax & Legal

Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 4400
Annual Assessment Amount: 4400
Assessment Paid: Annually
New Buyer Fee: Yes
New Buyer Fee Amt: 1000
New Buyer Fee Paid: $
Last Taxes: 8318.24
Last Tax Year: 2025
Brokerage Interest: Equitable Interest - Listing Broker/Salesperson has equitable interest in the property.
As Is: No

More Information

Remarks & Misc

Remarks: JUST COMPLETED! New Construction 6-Unit Portfolio Available - Blu Wave at Blue Mountain Beach 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

Construction Status

Under Construction: Yes

Parking Features

Carport: Yes
Carport Attached: Yes
Covered: Yes

Waterview

Gulf: Yes
Lake: Yes

Lot/Parcel Access

County Road: Yes
Paved Road: Yes

Lot Features

Covenants: Yes
Restrictions: Yes
Within 1/2 Mile to Water: Yes

Utilities

Electric: Yes

Zoning

Resid Multi-Family: Yes

Interior

Elevator: Yes
Furnished - None: Yes

Appliances

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
Smoke Detector: Yes

Energy

AC - Central Elect: Yes
Ceiling Fans: Yes

Master Bedroom

Second: Yes

Bedroom

First: Yes
Second: Yes

Living Room

First: Yes

Rooms

Balcony: Yes
Bedroom: Yes
Dining Area: Yes
Living Room: Yes
Master Bedroom: Yes

Property Features

Construction Status: Under Construction Lot Features: Covenants; Restrictions; Within 1/2 Mile to Water Zoning: Resid Multi-Family Waterview: Gulf; Lake Parking Features: Carport; Carport Attached; Covered Interior: Elevator; Furnished - None Appliances: Dishwasher; Microwave; Refrigerator; Smoke Detector Utilities: Electric Energy: AC - Central Elect; Ceiling Fans Master Bedroom: Second Bedroom: First; Second Living Room: First Rooms: Balcony; Bedroom; Dining Area; Living Room; Master Bedroom

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Dining Area	First	13.11 x 9.11	13.11	9.11	Per Unit
Living Room	First	18.9 x 16.4	18.90	16.40	Per Unit
Balcony	First	19.3 x 7	19.30	7.00	Per Unit
Bedroom	First	12.11 x 12.2	12.11	12.20	Per Unit
Master Bedroom	Second	13.11 x 16.11	13.11	16.11	Per Unit
Bedroom	Second	12.9 x 12.2	12.90	12.20	Per Unit
Balcony	Second	19.3 x 7	19.30	7.00	Per Unit
Bedroom	First	12.1 x 12.2	12.10	12.20
Master Bedroom	Second	13.11 x 16.11	13.11	16.11
Bedroom	Second	12.9 x 12.2	12.90	12.20
Bedroom	First	12.1 x 12.2	12.10	12.20
Bedroom	Second	12.9 x 12.2	12.90	12.20
Master Bedroom	Second	13.11 x 16.11	13.11	16.11
Bedroom	First	12.1 x 12.2	12.10	12.20
Bedroom	Second	12.9 x 12.2	12.90	12.20
Master Bedroom	Second	13.11 x 16.11	13.11	16.11
Bedroom	First	12.1 x 12.2	12.10	12.20
Bedroom	Second	12.9 x 12.2	12.90	12.20
Master Bedroom	Second	13.11 x 16.11	13.11	16.11
Bedroom	First	12.1 x 12.2	12.10	12.20

Documents

Rental Projections ›

Listing Office: Scenic Sotheby's International Realty

Last Updated: August - 09 - 2026

Broker Attribution: stuart.kirby@scenicsir.com

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.