121 Red Cedar Way Santa Rosa Beach, FL 32459
WaterColor Neighborhood
4
Beds
4.5
Baths
3,163
Sq Ft
7,841
Sq Ft Lot
Highlights
- Beach
- Deeded access to the beach
- Fishing
- Bay Elementary School Rated A-
- In Ground Pool
- Vaulted Ceiling
About This Home
As of April 2024This newly renovated house is a coastal retreat that embodies Florida resort living at its best. In close proximity to Camp WaterColor's excellent amenities. Relax in the heated, saltwater pool with carefree landscaping. Two screened porches. The large 1st floor screened porch has a seating area & large table to take advantage of alfresco dining. The first-floor open plan connects the living area with a sitting area, dining area & kitchen on the first floor. The kitchen has Wolf, Sub Zero & Bosch appliances, along with a separate ice machine. Countertops & backsplash are marble. Master bedroom & bathroom are conveniently located on the first floor. Remaining bedrooms & bunk area are located on the second floor. There are storm shutters for the windows. Room dimensions are approx.
Last Agent to Sell the Property
The Premier Property Group Seacrest Office License #3010003 Listed on: 10/26/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $16,344
Year Built
- Built in 2006 | Remodeled
Lot Details
- Lot Dimensions are 104x114x46x98
- Level Lot
- Irregular Lot
HOA Fees
- $477 Monthly HOA Fees
Home Design
- Beach House
- Frame Construction
- Metal Roof
- Wood Trim
- Piling Construction
- Cement Board or Planked
Interior Spaces
- 3,163 Sq Ft Home
- 3-Story Property
- Wet Bar
- Furnished
- Woodwork
- Vaulted Ceiling
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Living Room
- Dining Area
- Den
- Screened Porch
- Fire and Smoke Detector
Kitchen
- Gas Oven or Range
- Range Hood
- Microwave
- Ice Maker
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Painted or Stained Flooring
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Built-In Bunk Beds
- Dual Vanity Sinks in Primary Bathroom
- Shower Only
- Primary Bathroom includes a Walk-In Shower
Laundry
- Dryer
- Washer
Pool
- In Ground Pool
- Outdoor Shower
Outdoor Features
- Deeded access to the beach
- Shed
Schools
- Dune Lakes Elementary School
- Emerald Coast Middle School
- South Walton High School
Utilities
- Multiple cooling system units
- Central Heating
- Tankless Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 15-3S-19-25415-000-0420
Community Details
Overview
- Association fees include accounting, internet service, legal, licenses/permits, management, recreational faclty, security, cable TV
- Watercolor Subdivision
- The community has rules related to covenants
- Handicap Modified Features In Community
Recreation
- Beach
- Community Pool
- Fishing
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2023
Closed on
Apr 15, 2024
Sold by
Spooner John C and Tankersley Dianne E
Bought by
121 Red Cedar Way Llc
Seller's Agent
Barbara Schott
The Premier Property Group Seacrest Office
Buyer's Agent
Brad Dahler
Scenic Sotheby's International Realty
List Price
$3,595,000
Sold Price
$3,400,000
Premium/Discount to List
-$195,000
-5.42%
Views
38
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.58%
Original Mortgage
$2,500,000
Outstanding Balance
$2,428,075
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$1,040,954
Purchase Details
Closed on
Oct 25, 2019
Sold by
Spooner John C and Tankersley Dianne E
Bought by
121 Red Cedar Way Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
2.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 29, 2011
Sold by
Eastern Cove 42 Llc
Bought by
Spooner John C and Tankersley Dianne E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$776,000
Interest Rate
4.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 28, 2005
Sold by
M & P Properties Llc
Bought by
Eastern Cove 42 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,500
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 28, 2004
Sold by
Hurtado Demendoza Pedro and Hurtado Demendoza Silivia C
Bought by
M & P Properties Llc
Purchase Details
Closed on
Dec 20, 2002
Sold by
St Joe Arvida Home Building Lp
Bought by
Hurtado De Mendoza Silvia C and Hurtado De Mendoza Pedro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,285
Interest Rate
5.92%
Similar Homes in Santa Rosa Beach, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $3,400,000 | 850 Title Llc | |
| Quit Claim Deed | -- | Fidelity National Finacial | |
| Corporate Deed | $970,000 | None Available | |
| Warranty Deed | $725,000 | -- | |
| Warranty Deed | $295,000 | Coastal Title Group Inc | |
| Special Warranty Deed | $221,500 | Sunbelt Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,500,000 | New Conventional | |
| Closed | $2,500,000 | New Conventional | |
| Previous Owner | $660,000 | New Conventional | |
| Previous Owner | $763,500 | New Conventional | |
| Previous Owner | $776,000 | New Conventional | |
| Previous Owner | $652,500 | Purchase Money Mortgage | |
| Previous Owner | $750,000 | Construction | |
| Previous Owner | $199,285 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | Price Changed | $3,500,000 | -2.8% | $1,107 / Sq Ft |
| 05/24/2025 05/24/25 | For Sale | $3,600,000 | +5.9% | $1,138 / Sq Ft |
| 04/15/2024 04/15/24 | Sold | $3,400,000 | -5.4% | $1,075 / Sq Ft |
| 12/31/2023 12/31/23 | Pending | -- | -- | -- |
| 10/26/2023 10/26/23 | For Sale | $3,595,000 | -- | $1,137 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Tax History Compared to Growth
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 | $18,788 | $2,632,203 | $611,637 | $2,020,566 |
| 2023 | $18,788 | $2,413,094 | $611,637 | $1,801,457 |
| 2022 | $16,344 | $1,941,802 | $611,636 | $1,330,166 |
| 2021 | $14,048 | $1,510,930 | $593,821 | $917,109 |
| 2020 | $12,642 | $1,266,393 | $543,272 | $723,121 |
| 2019 | $12,353 | $1,243,887 | $527,448 | $716,439 |
| 2018 | $11,592 | $1,162,566 | $0 | $0 |
| 2017 | $11,403 | $1,150,496 | $497,171 | $653,325 |
| 2016 | $11,181 | $1,117,383 | $0 | $0 |
| 2015 | $10,890 | $1,071,326 | $0 | $0 |
| 2014 | $10,503 | $1,050,698 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
D
Seller's Agent in 2025
Dahler & Co.
Scenic Sotheby's International Realty
-
B
Seller's Agent in 2024
Barbara Schott
The Premier Property Group Seacrest Office
-
B
Buyer's Agent in 2024
Brad Dahler
Scenic Sotheby's International Realty
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 935432
APN: 15-3S-19-25415-000-0420
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