NOT LISTED FOR SALE

Estimated Value: $3,357,000 - $4,520,000

5 Beds
5.5 Baths
3,161 Sq Ft
$1,198/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $2,669,000 $844 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $23,240/month

69 Days on Market

Highlights

  • Beach
  • Heated In Ground Pool
  • Gated Community
  • Bay Elementary School Rated A-
  • Gulf View
  • Covered Deck

About This Home

As of July 2021

RECORD HIGHEST SALE PRICE IN WATER'S EDGE COMMUNITY HISTORY OF ANY NON-GULF-FRONT HOME. Only four rows from the beach in the exclusive gated community of Water's Edge, this home's superior design, construction, and location combine for the perfect beach retreat less than fifty yards from the beach and only three minutes on foot from the Rosemary Beach Town Center. A gourmet kitchen, private back yard with pool and spa, ample living areas, and expansive outdoor space combine to invite large groups to gather comfortably. Five large bedrooms, all with private or semi-private baths, offer sleeping space for 14. The home is a reliable rental performer, with over $190K in revenue booked for 2021 as of March 26. The well-appointed kitchen, located on the ground floor, features granite countertops, a large Wolf gas cooktop, a 48-inch Sub-Zero refrigerator, double Wolf convection ovens, plus microwave, ice maker, and dishwasher. The kitchen opens to the large main living/dining area with ample seating for all. High ceilings and large windows overlooking the pool area create a bright, airy feel. On the ground floor you will also find one of the home's two junior master suites plus an additional half bath. Throughout the entire home are beautiful tile floors, chosen for their appearance and durability.

The spectacular main master suite on the second floor opens to a large private balcony overlooking the pool and boasts an expansive bathroom with granite countertops, double vanities, soaking tub, and shower with a built-in bench. Attached to this bedroom is a private office that overlooks the pool. This office is multi-functional, as it can be used as a quiet reading space, work area, or nursery/young child's sleeping area. This level is also home to the second junior master suite, which opens onto a private balcony of its own. The junior master bathroom also has a luxurious bathroom, with double vanity, granite countertops, and a large glass-enclosed shower. Rounding out the second floor is the bunk room, where you will find built-in twin-over-full bunk beds; a private bath with tile shower adjoins the bunk room. A large laundry room is situated on the second floor for maximum convenience.

The third floor's large bedroom, the home's fifth, is home to two queen beds and a semi-private bathroom, which also adjoins the large secondary living/media area. The media area opens onto the largest of the home's balconies, overlooking the pool and spa, with another large balcony offering wonderful sunset and Gulf views. Fortunately the wet bar is also on the third floor, so you can enjoy the views and breezes without going downstairs for refreshments.

Water's Edge is a gated community adjacent to Rosemary Beach on 30A's chic east end. Walk or bike down the tree-lined path along 30A to nearby Rosemary Beach, Alys Beach, or Seacrest Beach, or simply enjoy the private neighborhood beach access less than 50 yards from the home.

Last Agent to Sell the Property

Erin Oden

Coastal Luxury Listed on: 03/09/2021

Last Buyer's Agent

Merry Ann Holotik

Engel & Volkers Destin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,299

Year Built

  • Built in 2014

Lot Details

  • Lot Dimensions are 40' x 98'
  • Property fronts a private road
  • Partially Fenced Property

HOA Fees

  • $313 Monthly HOA Fees

Parking

  • Guest Parking

Home Design

  • Beach House
  • Pitched Roof
  • Metal Roof
  • Cement Board or Planked

Interior Spaces

  • 3,161 Sq Ft Home
  • 3-Story Property
  • Partially Furnished
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Living Room
  • Home Office
  • Bonus Room
  • Tile Flooring
  • Gulf Views

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Gas Oven or Range
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Covered Deck
  • Open Patio
  • Built-In Barbecue
  • Porch

Additional Homes

  • Dwelling with Separate Living Area

Schools

  • Dune Lakes Elementary School
  • Seaside Middle School
  • South Walton High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Underground Utilities
  • Tankless Water Heater
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 35-3S-18-16070-00A-0090

Community Details

Overview

  • Association fees include accounting, ground keeping, insurance, management
  • Water's Edge Subdivision

Recreation

  • Beach

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,299

Year Built

Built in 2014

Lot Details

0

HOA Fees

$313 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 40' x 98'
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: WATER'S EDGE
  • Directions: From eastern intersection of 30A and 98, turn onto 30A and go west for 0.6 miles. Entrance to Water's Edge will be on the left (south) side of 30A immediately west of Rosemary Beach. Gate requires cod
  • Architectural Style: Beach House
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2014
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Laundry2: Yes
  • Rooms:Bonus Room: Yes
  • Energy:AC - 2 or More: Yes
  • Energy:Water Heater - Tnkls: Yes
  • Utilities:Gas - Natural: Yes
  • Utilities:Underground: Yes
  • Energy:Water Heater - Gas: Yes
  • Rooms:Office2: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Ice Machine, Microwave, Oven Double, Refrigerator, Stove/Oven Gas, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Interior Amenities: Breakfast Bar, Ceiling Crwn Molding, Floor Tile, Furnished - Some, Lighting Recessed, Owner's Closet, Pantry, Washer/Dryer Hookup, Window Treatment All
  • Interior:WasherDryer Hookup: Yes
  • Appliances:Cooktop: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Window Treatment All: Yes
  • Appliances:Oven Double: Yes

Exterior Features

  • Lot Features: Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Gulf
  • Construction Type: Roof Metal, Roof Pitched, Siding CmntFbrHrdBrd
  • Exterior Features: Balcony, BBQ Pit/Grill, Deck Covered, Deck Open, Fenced Lot-Part, Patio Open, Pool - Heated, Pool - In-Ground, Porch, Separate Living Area, Shower
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Exterior:Fenced Lot-Part: Yes
  • Exterior:Porch: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Balcony: Yes
  • Exterior:Deck Covered: Yes
  • ConstructionSiding:Roof Pitched: Yes
  • Exterior:Patio Open: Yes
  • Exterior:Deck Open: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Shower: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Separate Living Area: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Guest, Other
  • General Property Info:Garage2: No
  • Parking Features:Other3: Yes
  • Parking Features:Guest: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Natural, Phone, Public Sewer, Public Water, TV Cable, Underground
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Gated Community, Pets Allowed, TV Cable
  • Association #2 Fee: 940.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Insurance, Management

Schools

  • Elementary School: Dune Lakes
  • High School: South Walton
  • Middle Or Junior School: Seaside

Lot Info

  • Parcel #: 35-3S-18-16070-00A-0090
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 13299.35
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2021
Closed on
Jul 15, 2021
Sold by
Chapman James L and Chapman Melissa Barger
Bought by
98 Pinecrest Llc
Seller's Agent
Erin Oden
Coastal Luxury
Buyer's Agent
Merry Ann Holotik
Engel & Volkers Destin
List Price
$2,669,000
Sold Price
$2,669,000
Current Estimated Value
$3,829,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,160,916
Avg. Annual Appreciation
8.05%
Original Mortgage
$1,601,400
Outstanding Balance
$1,452,290
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$2,219,398

Purchase Details

Listed on
Mar 9, 2021
Closed on
Jul 2, 2021
Sold by
Inn Seaclusion Llc
Bought by
Chapman James L and Halpin Christopher
Seller's Agent
Erin Oden
Coastal Luxury
Buyer's Agent
Merry Ann Holotik
Engel & Volkers Destin
List Price
$2,669,000
Sold Price
$2,669,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,601,400
Outstanding Balance
$1,452,290
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$2,219,398

Purchase Details

Closed on
Nov 29, 2016
Sold by
Shippel Michael G
Bought by
Inn Seaclusion Llc

Purchase Details

Closed on
Jun 9, 2014
Sold by
Hayes Christopher
Bought by
Shippel Michael G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 26, 2013
Sold by
Svr Llc
Bought by
Shippel Michael G and Hayes Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,000
Interest Rate
3.37%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 26, 2004
Sold by
Jlm Petsand Llc
Bought by
Svr Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$738,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2004
Sold by
Rt & T Enterprises Llc
Bought by
Jlm Petsand Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$523,462
Interest Rate
5.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 2002
Sold by
Moninpour Hamid R
Bought by
Rt & T Enterprises Llc
Source: Public Records

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
98 Pinecrest Llc -- None Available
Chapman James L $2,669,000 South Oak Title Llc
Inn Seaclusion Llc $1,850,000 Attorney
Shippel Michael G $304,800 Emerald Coast Title Svcs Inc
Shippel Michael G $178,700 Emerald Coast Title Svcs Inc
Svr Llc $820,000 Emerald Coast Title Svcs Inc
Jlm Petsand Llc $625,000 --
Rt & T Enterprises Llc $242,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chapman James L $1,601,400
Previous Owner Shippel Michael G $620,000
Previous Owner Shippel Michael G $612,000
Previous Owner Svr Llc $738,000
Previous Owner Jlm Petsand Llc $523,462
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2021 07/02/21 Sold $2,669,000 0.0% $844 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $2,669,000 -- $844 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $24,702 $2,912,195 $708,750 $2,203,445
2023 $24,702 $2,528,452 $0 $0
2022 $21,302 $2,298,593 $613,743 $1,684,850
2021 $14,510 $1,533,308 $536,817 $996,491
2020 $13,299 $1,332,280 $491,120 $841,160
2019 $12,843 $1,293,273 $476,815 $816,458
2018 $12,546 $1,258,263 $0 $0
2017 $12,218 $1,232,708 $449,849 $782,859
2016 $11,790 $1,178,186 $0 $0
2015 $11,691 $1,150,128 $0 $0
2014 $3,608 $350,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 866456

Emerald Coast Association of REALTORS®

APN: 35-3S-18-16070-00A-0090