For sale Multi-Family Home

Listed Nov 3, 2025

$815,000 Est. $5,390/mo

109 Granger Lane

  • 4

    Beds

  • 4

    Baths

  • 2,738

    Sq ft

The story

  • Waterfront

Luxury Beachside Duplex | Laguna Beach | No HOA | High-Yield STR Potential Discover the ultimate ''Laguna Beach Lifestyle'' at 109 Granger Lane. Nestled on a rare 0.25-acre lot just steps from the Gulf of Mexico, this 2,738 sq. ft. duplex offers the perfect blend of coastal charm and massive investment upside. Whether you are looking for a high-performing short-term rental, a multi-generational beach retreat, or a ''live-in-one, rent-the-other'' setup, this turnkey property delivers. The Property Highlights: Prime Location: Situated in the golf-cart-friendly Laguna Beach community, minutes from 30A but without the 30A price tag. Flexible Layout: Currently configured as a spacious duplex (4BR total), the property features rear entries and efficiency kitchens upstairs, offering the rare potential to be converted into a Quadplex. Turnkey Ready: Professionally furnished and decorated--this ''Gem'' is ready to hit the rental market on day one. Outdoor Oasis: The oversized lot provides ample parking for guests and toys, with plenty of room to add a private pool to further boost rental ADR (Average Daily Rate). Unbeatable Views: Rare dual-aspect appeal with Gulf proximity to the south and serene waterfront lake views to the north. Investment Snapshot: Projected Annual Income: Up to $130,000 in gross short-term rental revenue. Land Value: Situated on a premium parcel with land value alone estimated near $700k. No HOA: Total freedom for owners with no restrictive associations or monthly dues. Experience the quiet side of PCB with easy beach access and high-end vibes. 109 Granger Lane isn't just a home; it's a strategic asset in the Florida Panhandle's most sought-after growth corridor.

Facts & features

Home type

Multi-Family Home

Year built

1983

Price per sq ft

$298

Included features

  • Cooling

    Ceiling Fans, Ductless

  • Heating

    Ductless

  • Appliances

    Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater

  • Flooring

    Tile

  • Roof

    Composition, Shingle

  • Lot Information

    Paved

  • Exterior

    Covered Patio, Deck, Patio, Outdoor Shower

  • Sewer

    Public Sewer

  • View

    Water

Mortgage calculator

Estimated monthly payment

$5,390 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $4,338
  • Property tax $815
  • Insurance $238

Includes principal, interest, taxes & insurance.

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Listing Broker

Christies International Real Estate Emerald Coast

Broker Name

Christies International Real Estate Emerald Coast

Agent

Brian Clowdus

Location

Santa Rosa Beach FL 32459