NOT LISTED FOR SALE

Estimated Value: $2,240,000 - $4,323,000

4 Beds
5 Baths
3,852 Sq Ft
$877/Sq Ft Est. Value

Last Sold April 03, 2018

Last sale price $1,840,000 $478 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $20,602/month

32 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Maid or Guest Quarters
  • Bay Elementary School Rated A-
  • Fishing
  • Newly Painted Property

About This Home

As of April 2018

This NEWLY RENOVATED two-story cottage style home is located in Phase I of Watercolor. With it's SUPERB location, you're just moments away from the Beach Club and Scenic 30-A's white shimmering sand and emerald green waters. This 5 bedroom, 5 bath home is surrounded by screened outdoor porches and a beautiful courtyard perfect for grilling and entertaining. The second floor is an open floor plan design including the Kitchen/Living/and Dining which offers generous space for you and your guests to gather and entertain. This home is being sold completely furnished. The two car garage and carriage house with built-in bunks is a MUST SEE! This is a great primary residence, second home or a lucrative rental property -- with a rental projection over $130,000 per year!

Last Agent to Sell the Property

Allison Page

850 Properties - Santa Rosa Beach License #3394636 Listed on: 02/02/2018

Last Buyer's Agent

Blake Morar Group

Scenic Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,280

Year Built

  • Built in 2002 | Remodeled

Lot Details

  • 5,837

HOA Fees

  • $362 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Home Design

  • Beach House
  • Dwelling with Rental
  • Newly Painted Property
  • Off Grade Structure
  • Floor Insulation
  • Metal Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,852 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Track Lighting
  • Plantation Shutters
  • Living Room
  • Screened Porch

Kitchen

  • Gas Oven or Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Painted or Stained Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Dressing Area
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • 5 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Hurricane or Storm Shutters
  • Storm Doors
  • Fire Sprinkler System

Outdoor Features

  • Outdoor Shower
  • Deeded access to the beach
  • Balcony
  • Covered Deck
  • Separate Outdoor Workshop
  • Built-In Barbecue

Schools

  • Bay Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Underground Utilities
  • Water Tap Fee Is Paid
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Lot Dimensions are 55x110
  • Dwelling with Separate Living Area

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25402-000-0080

Community Details

Overview

  • Watercolor Subdivision
  • Handicap Modified Features In Community

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Beach
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Whirlpool Spa
  • Fishing

Security

  • Building Fire Alarm

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,280

Year Built

Built in 2002 | Remodeled

Lot Details

0

HOA Fees

$362 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 55x110
  • Road Surface Type: Paved
  • Subdivision Name: WATERCOLOR
  • Directions: From Hwy 395, turn right onto 30A and head west to Watercolor. Make right onto Mystic Cobalt St. Head north and 115 Mystic Cobalt is on the left.
  • Architectural Style: Beach House
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2002
  • 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
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Utilities:Tap Fee Paid: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Natural: Yes
  • Utilities:Underground: Yes
  • Energy:Storm Doors: Yes
  • Energy:Insulated Floors: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Fire Alarm/Sprinkler, Microwave, Range Hood, Refrigerator, Refrigerator W/IceMk, Security System, Stove/Oven Gas, Washer
  • Full Bathrooms: 5
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Interior Amenities: Ceiling Vaulted, Floor Hardwood, Furnished - All, Guest Quarters, Kitchen Island, Lighting Recessed, Lighting Track, Newly Painted, Owner's Closet, Plantation Shutters, Renovated, Split Bedroom, Washer/Dryer Hookup, Woodwork Painted
  • Interior:WasherDryer Hookup: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Lighting Track: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Split Bedroom: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Ceiling Vaulted: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Newly Painted: Yes
  • Interior:Woodwork Painted: Yes
  • Appliances:Security System: Yes
  • Mstr BdrmMstr Bath:MBath Dressing Area: Yes
  • Interior:Plantation Shutters: Yes
  • Interior:Guest Quarters2: Yes

Exterior Features

  • Lot Features: Within 1/2 Mile to Water
  • Construction Type: Foundation Off Grade, Foundation On Piling, Roof Metal, Siding CmntFbrHrdBrd
  • Exterior Features: Balcony, BBQ Pit/Grill, Deck Enclosed, Guest Quarters, Hurricane Shutters, Patio Covered, Patio Enclosed, Porch Screened, Renovated, Separate Bldg Rent, Separate Living Area, Shower, Workshop
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Balcony: Yes
  • ConstructionSiding:Foundation On Piling: Yes
  • Exterior:Patio Covered: Yes
  • Exterior:Hurricane Shutters: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Shower: Yes
  • Exterior:Porch Screened: Yes
  • Exterior:Workshop: Yes
  • Exterior:BBQ PitGrill: Yes
  • ConstructionSiding:Foundation Off Grade: Yes
  • Exterior:Patio Enclosed: Yes
  • Exterior:Guest Quarters: Yes
  • Exterior:Separate Living Area: Yes
  • Exterior:Deck Enclosed: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage, Detached
  • Parking Features:Garage3: Yes
  • Parking Features:Detached: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water, Tap Fee Paid, Underground

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, Elevators, Exercise Room, Fishing, Handicap Provisions, Pets Allowed, Playground, Pool, Separate Storage, Tennis, TV Cable, Waterfront, Whirlpool
  • Association #2 Fee: 1085.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

  • Elementary School: Bay
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Parcel #: 15-3S-19-25402-000-0080
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 13280.26
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2022
Sold by
Brian Sanderson
Bought by
Coconut Mojito Llc
Current Estimated Value
$3,376,365

Purchase Details

Closed on
Jan 19, 2022
Sold by
Coconut Mojito Llc
Bought by
Sanderson Brian and Jones Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,408,691
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 2, 2018
Closed on
Apr 3, 2018
Sold by
115 Mystic Cobalt Family Llc
Bought by
Coconut Mojito Llc
Seller's Agent
Allison Page
850 Properties - Santa Rosa Beach
Buyer's Agent
Blake Morar Group
Scenic Sotheby's International Realty
List Price
$1,840,000
Sold Price
$1,840,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.42%
Original Mortgage
$1,472,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 27, 2015
Closed on
Apr 24, 2015
Sold by
Coslik Stephen
Bought by
115 Mystic Cobalt Family Llc
Seller's Agent
Michael Matz
William Raveis Real Estate
Buyer's Agent
Michael Matz
Prudential Coastal Properties
List Price
$1,837,500
Sold Price
$1,837,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.05%

Purchase Details

Closed on
Mar 3, 2014
Sold by
U S Bank National Association
Bought by
Liles Thomas P

Purchase Details

Closed on
Dec 13, 2013
Sold by
Coslik Stephen and Coslik Michelle
Bought by
Coslik Stephen

Purchase Details

Closed on
Aug 20, 2002
Sold by
Jerry Miller Llc
Bought by
Coslik Stephen and Coslik Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
5.5%

Purchase Details

Closed on
Sep 18, 2000
Sold by
St Joe Arvida Home Building Lp
Bought by
Jerry Miller Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
8.05%
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Coconut Mojito Llc $1,405,200 Barker Williams Pllc
Sanderson Brian -- None Listed On Document
Coconut Mojito Llc $1,840,000 Shoreline Title Llc
115 Mystic Cobalt Family Llc $1,837,500 None Available
Liles Thomas P $597,750 Attorney
Coslik Stephen $588,000 Attorney
Coslik Stephen $975,000 Sunbelt Title Agency
Jerry Miller Llc $230,000 Sunbelt Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Jonathan $1,408,691
Previous Owner Coconut Mojito Llc $1,472,000
Previous Owner 115 Mystic Cobalt Family Llc $1,000,000
Previous Owner Coslik Stephen $120,000
Previous Owner Coslik Stephen $780,000
Previous Owner Jerry Miller Llc $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2020 04/29/20 Off Market $1,840,000 -- --
06/23/2019 06/23/19 Off Market $1,837,500 -- --
04/03/2018 04/03/18 Sold $1,840,000 0.0% $478 / Sq Ft
03/06/2018 03/06/18 Pending -- -- --
02/02/2018 02/02/18 For Sale $1,840,000 +0.1% $478 / Sq Ft
04/24/2015 04/24/15 Sold $1,837,500 0.0% $477 / Sq Ft
03/30/2015 03/30/15 Pending -- -- --
02/27/2015 02/27/15 For Sale $1,837,500 -- $477 / 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 $22,110 $2,413,671 $800,000 $1,613,671
2023 $22,110 $2,433,328 $800,000 $1,633,328
2022 $17,376 $2,132,959 $683,817 $1,449,142
2021 $14,459 $1,493,781 $598,108 $895,673
2020 $14,074 $1,409,897 $547,193 $862,704
2019 $13,681 $1,377,579 $531,256 $846,323
2018 $13,368 $1,340,675 $0 $0
2017 $13,280 $1,339,911 $500,760 $839,151
2016 $13,211 $1,320,245 $0 $0
2015 $12,990 $1,277,922 $0 $0
2014 -- $1,177,922 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 790960

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25402-000-0080