The Premier Property Group has announced the $25 million record-breaking sale of an expansive, compound-style Gulf front estate in Miramar Beach, Fla.
The transaction of the 10.78-acre property (10181 US Hwy 98) – which is situated along Florida’s famed Emerald Coast – has set a new benchmark for the region as the highest price ever paid for a single-family home in the Florida Panhandle.
- The property was previously sold in 2020 for $16.1 million, which broke the record at that time.
The current residence, known as the Pennington Estate, was originally built in 2000 as a vacation retreat for the Pennington oil family.
The home encompasses 13,230 square feet and features six bedrooms and eight full baths. In addition to 270 feet of beachfront, the property has sweeping, unobstructed views of the Gulf of Mexico and a private, winding drive flanked by foliage.