Most expensive home on 30A sells for $15.95 million in Inlet Beach
INLET BEACH — California resident Martin Hermann can now lay claim to owning the most expensive home on Walton County's Scenic 30A.
Greg and Pam Breedlove, who live in South Walton, sold their four-story home at 88 Paradise by the Sea Court in Inlet Beach to Hermann on Tuesday for $15.95 million.
"It's a fabulous place. We loved living there, but these folks from California saw it and loved it, too, so we worked out a sale," Pam Breedlove said.
The home encompasses 9,790 square feet and features eight bedrooms, 9 1/2 bathrooms, over 60 feet of private beach, two private saltwater pools, a pool deck with a covered spa, a Bocce ball court and a two-car garage-carriage house, according to a news release from Rosemary Beach Realty, which brokered the sale.
It also showcases a 26-foot tall ceiling, and the home's foyer features a custom floating staircase surrounded by Venetian plaster, the release said.
The Breedloves purchased the lot in Paradise by the Sea in 2014 and finished the home in 2019, Pam Breedlove said.
"The (Breedloves) worked closely with A BOHEME Design to create a most unique direct line of sight from the foyer, across the reflecting pool, through to the Gulf of Mexico," the news release said.
Though no one would confirm it, there is a California-based Martin Hermann who would have the wherewithal to purchase a home for nearly $16 million. That Martin Hermann from El Dorado Hills, Calif. is an entrepreneur in the solar, clean-tech and high-tech industries, according to a website biography. He "has closed business transactions in excess of $5.3 billion."
Hermann founded 8minutenergy, which is now among the largest independent developers of solar photovoltaics in the U.S., the website biography said. He also founded and serves as CEO at a company called BrightNight.
Pam Breedlove said the Martin Hermann that bought her home has purchased land and plans to explore business opportunities in Northwest Florida.
The Hermann's new home sits in a gated community right down the road from the now former most expensive home on 30A, according to Jessica Proffitt Bracken of Profitt PR, who produced the news release.
A home at 181 Paradise by the Sea Boulevard sold Sept. 11 for $15.1 million, Bracken said.
30A's third most expensive home, according to Bracken, is a home listed in Rosemary Beach at 24 SouBriland Lane that sold for $12.5 million in 2017.
All three of the home sales were handled by Rosemary Beach Realty, Bracken said.
Jonathan Clark and Ashlee Mitchell of the Clark & Mitchell Group, together with Amanda Hampel, brokered the sale of the Breedlove home in less than 60 days, the news release said.
“We were extremely pleased with the immediate response and the amount of interest we received through our private marketing efforts for this spectacular property,” Clark said.
“We are really thrilled to have represented the Breedloves to achieve this record-breaking sale.”
Clark said that the quality of homes being placed on the market, the gulf front location and privacy offered within Paradise by the Sea, and a housing market skewed toward sellers all have played an impact in home prices scaling upward.
"We hadn't seen this level yet," Clark said of the Breedlove home's $15.9 million price tag. "But I think we're sort of at the beginning of a trend."
In fact, the newly purchased Hermann home may not hold its title of 30A's most expensive for too long. Clark and Mitchell said there's a home in Seagrove that's been listed at $19.9 million.
"And they've had some showings," Clark said.