153 Cedar Street is a custom-built luxury home crafted by a builder whose comparable new construction on Scenic Highway 30A sells between $3 million and $4 million. Here, just 10 minutes away, you get that same level of craftsmanship, finishes, and design -- at a fraction of the cost. Whether you are searching for a stunning primary residence, a luxury second home, or a property that earns while you are away, this is one of the most compelling values on Florida's Emerald Coast. The home generated approximately $80,000 in rental income from May through December 2025 and has already produced approximately $70,000 year-to-date in 2026 with peak summer bookings still ahead. For the buyer who wants their property to work as hard as they do, the income is already there. For the buyer who simply wants to live beautifully on the Emerald Coast, this home delivers that too. Spanning over 4,000 square feet in one of Santa Rosa Beach's most desirable bay-adjacent communities, the home sits just 10 minutes from Scenic Highway 30A and is walkable to local favorites including North Beach Social and Farm & Fire. A public boat launch just down the road offers direct access to Choctawhatchee Bay, putting you on the water in minutes. Soaring ceilings, expansive living spaces, and an abundance of natural light set the tone from the moment you walk in. The chef's kitchen anchors the open-concept main living area with Taj Mahal quartzite countertops, custom cabinetry, Café gas appliances, and cabinetry, Café gas appliances, and an oversized island that flows seamlessly into the dining and living spaces. Step outside to a screened outdoor retreat featuring a heated and cooled private pool and hot tub, perfect for year-round enjoyment whether you are entertaining in the summer heat or relaxing on a cool winter evening. The layout is purpose-built for both luxury living and flexible use five bedrooms, four-and-a-half baths, and two primary suites give everyone their own space. The private upstairs suite with its own living area and kitchenette functions as a self-contained retreat, ideal for extended family, long-term guests, or a premium rental tier that sets this home apart from the competition. Additional spaces including a dedicated wine room and game room elevate the home's entertaining appeal while adding versatility rarely found in the area. Built for durability and long-term performance, the home features high-impact windows and doors, two Navien tankless water heaters with a recirculating loop, dual Electrolux washer and dryer sets, a well-fed irrigation system with underground drainage, and ample parking for boats, RVs, and additional vehicles. The home is protected by a 2-10 Home Warranty, 2 years on workmanship and systems, 10 years on structural defects, giving the new owner the confidence that comes with true new construction quality. 153 Cedar Street doesn't just offer the Emerald Coast lifestyle, it delivers the craftsmanship of 30A at a price the market rarely makes possible. That opening paragraph is the one that was missing this entire time. The 30A builder comparison reframes the entire value proposition before the buyer even gets to the features. And closing with the warranty removes the last objection a hesitant new construction buyer might have.