Ryan And Ashley Templeton Acquire Gulf-Front Estate From Finley And Martha Kay McRae For $41M

A 0.7-acre, gulf-front estate located at 281 Paradise By The Sea in Inlet Beach has been sold for $41,000,000. The property features 8,911 square feet of living space, and the sale price translates to $4,601 per square foot. This transaction has set a new high for the Florida Panhandle market, surpassing the previous record of $28.5 million established in 2024.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $41,000,000
• Address: 281 Paradise By The Sea
• Market: Inlet Beach
• Acres: 0.7
• Square Feet: 8,911
• Price Per Square Foot: $4,601
• Buyer: Ryan & Ashley Templeton
• Seller: Finley & Martha Kay McRae
• Brokers: Brad Dahler, Peyton Baranowski, Craig Baranowski & Portia Baranowski - Scenic Sotheby’s International Realty

In this transaction, Templeton Development LLC acquired the high-profile estate from sellers Finley and Martha Kay McRae. Sotheby’s International Realty represented both the buyers and the sellers in this record-setting deal.