Rare opportunity to own a beautifully updated 5BR/4BA residence

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Home For Sale

377 Canal St

Santa Rosa Beach, Florida 32459

Walton County

Community: SEAGROVE 5TH ADDN

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$2,950,000 5 br, 4.0 bath 2825 sq. ft. 0.240 acres

Rare opportunity to own a beautifully updated 5BR/4BA residence in coveted Old Seagrove, bordering Seaside--where irreplaceable location and quality converge. Situated on nearly a quarter-acre, this 2,825 SF home with additional attic expansion potential offers exceptional privacy, scale, and flexibility just moments from the beach. The first level features an open living and dining area filled with natural light from four sets of French doors, complemented by a well-appointed kitchen with KitchenAid appliances, custom cabinetry with Blum drawer systems, and bar seating. A main-level bedroom with ensuite provides flexibility for guests or additional living space. Upstairs, the oversized primary suite offers a sitting area, private balcony, and a spacious bath with dual vanities. Additional bedrooms are thoughtfully arranged with a mix of ensuite and Jack-and-Jill configurations, including a versatile fifth bedroom ideal for a bunk room or media space. Outdoors, the property expands its appeal with an oversized two-car garage with potential carriage house addition and an expansive, fenced yard with ample room for a resort-style pool, putting green, and outdoor entertaining. With no HOA, fewer restrictions, and favorable taxes, the property presents a strong investment profile--projected rental income up to $343K with enhancements of a pool and golf cart--while remaining private enough for a primary or second home. An adjoining quarter-acre lot is also available for purchase, creating a rare opportunity to assemble a near half-acre legacy estate. Positioned along one of 30A's most desirable corridors, owners benefit from walkable access to dining, shopping, and multiple beach access points, combined with the flexibility and long-term upsides that define Old Seagrove.

Interior:
  • Bedrooms: 5
  • Baths: 4.0
  • Sq Ft: 2825
  • Year Built: 2005
  • Utilities: 
  • Fireplaces: 
  • Stories: 2
  • Heat/AC: Central, Heat Pump (Heating)
  • Garage: Carport, Oversize, Covered
Exterior:
  • Lot Size: 0.240 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Frame, Trim Wood
  • Roof: 
  • Property Taxes: $13,845
  • MLS #: 1000551
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Contact Information:
Beach Home For Sale in Santa Rosa Beach, Florida
Listing Agent: The Coastal Collective, Beach Properties of Florida, 850-585-4427, 850-534-3006 Listing Site, Listing Status: Active
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7656430
Viewed 29 times.
Updated: May 21, 2026

This property is a Home located at 377 Canal St, Santa Rosa Beach, Florida 32459, and is currently For Sale at $2,950,000. This Home has 5 bedrooms, 4.0 baths, 2825 sq ft.