$3,800,000
SOLD OCT 1, 2024
5 Beds
5.5 Baths
3,866 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$983 Per Sq Ft

11% Below List Price

24 Days on Market

Highlights

  • Beach
  • Gunite Pool
  • Wood Flooring
  • Bay Elementary School Rated A-
  • Beach House
  • Main Floor Primary Bedroom

About This Home

As of October 2024

A spacious property, located on an oversized lot that backs up to preserve, featuring a one-of-a-kind pool and outdoor kitchen, 128 Red Cedar Way is a unique opportunity to own a home that is as practical for hosting large families as it is for entertaining. Unrivaled in value at its price point, this Camp District darling is perfect for making memories.

Comprising 3,866 square feet across two full levels in the main house, with an additional carriage house, the home was thoughtfully conceived and skillfully built in an era of timeless architecture and legacy investment. With the recent addition of an enhanced outdoor space and pool complex, this is a house that wants for nothing. A first floor open concept plan allows for versatile seating options and quick access to the back yard. Wolf and SubZero appliances punctuate a chef's kitchen and oversized breakfast bar. The additional bedroom on the main level, with an en suite bathroom, is helpful in accommodating multigenerational families.

Upstairs, guests enjoy a junior suite and a bunk-style bedroom, both with private bathrooms. An expansive master wing offers additional privacy and amenity.

The garage to this home is attached -something uncommon in the community- allowing for comfortable unloading in all weather. Its separate carriage house is a retreat unto itself. Boasting its own kitchen and washer/dryer, the apartment is self sufficient.

The home's six porches and balconies expand its living space and give guests a number of options to enjoy the cool afternoon breeze. Proximity to Camp WaterColor, while easily accessing the neighborhood trails, means the home is convenient to all that WaterColor has to offer.

Last Agent to Sell the Property

Robert Weil

Compass License #3256789 Listed on: 07/23/2024

Compass

Last Buyer's Agent

Robert Weil

Compass License #3256789 Listed on: 07/23/2024

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,371

Year Built

  • Built in 2007

Lot Details

  • Lot Dimensions are 112x100x109x65
  • Back Yard Fenced

HOA Fees

  • $597 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Beach House

Interior Spaces

  • 3,866 Sq Ft Home
  • 2-Story Property
  • Built-in Bookshelves
  • Coffered Ceiling
  • Tray Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Great Room
  • Dining Area
  • Screened Porch
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • Gunite Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Built-In Barbecue

Schools

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

Utilities

  • Multiple cooling system units
  • Central Air
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25415-000-0140

Community Details

Overview

  • Association fees include accounting, land recreation, master, recreational faclty, cable TV, trash
  • Watercolor Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,371

Year Built

Built in 2007

Lot Details

0

HOA Fees

$597 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 112x100x109x65
  • Subdivision Name: WATERCOLOR
  • Directions: Entering WaterColor via Western Lake Drive, head west on Red Cedar. Home is on the left.
  • Architectural Style: Beach House
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2007
  • Utilities Electric: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Rooms:Dining Area: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Natural: Yes
  • Rooms:Great Room: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range Hood, Stove/Oven Gas, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Interior Amenities: Built-In Bookcases, Ceiling Tray/Cofferd, Fireplace Gas, Floor Hardwood, Kitchen Island, Lighting Recessed, Owner's Closet
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Floor Hardwood: Yes
  • Appliances:Range Hood: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Ceiling TrayCofferd: Yes
  • Interior:Fireplace Gas: Yes
  • Interior:Built-In Bookcases: Yes

Exterior Features

  • Pool Features: Pool Type
  • Exterior Features: Balcony, BBQ Pit/Grill, Fenced Back Yard, Pool - Gunite Concrt, Pool - Heated, Porch Open, Porch Screened, Shower
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Balcony: Yes
  • Exterior:Porch Open: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Shower: Yes
  • Exterior:Fenced Back Yard: Yes
  • Exterior:Porch Screened: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Pool - Gunite Concrt: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage
  • General Property Info:Garage2: Yes
  • Rooms:Garage5: Yes
  • Parking Features:Garage3: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Electric, Gas - Natural, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Playground, Pool, Tennis
  • Association #2 Fee: 1790.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Land Recreation, Master Association, Recreational Faclty, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 15-3S-19-25415-000-0140
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 22370.82
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2024
Closed on
Oct 1, 2024
Sold by
Angrist Meredith Rich and Meredith Rich Angrist Revocable Trust
Bought by
Bentley Beach Properties Llc
Seller's Agent
Robert Weil
Compass
Buyer's Agent
Robert Weil
Compass
List Price
$4,250,000
Sold Price
$3,800,000
Premium/Discount to List
-$450,000
-10.59%
Views
9
Current Estimated Value
$3,853,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,449
Avg. Annual Appreciation
2.35%
Original Mortgage
$2,660,000
Outstanding Balance
$2,273,976
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$1,601,806

Purchase Details

Listed on
Feb 10, 2018
Closed on
Apr 23, 2018
Sold by
Hughes Jeffrey R
Bought by
Angrist Meredith Rich and Meredith Rich Angrist Revocabl
Seller's Agent
Tammy Bracewell
On The Coast Real Estate Group
Buyer's Agent
Robert Weil
Compass
List Price
$2,050,000
Sold Price
$2,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.04%

Purchase Details

Closed on
Jun 13, 2007
Sold by
Price Mark and Price Laura
Bought by
Hughes Jeffrey B and Hughes Stacey B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,596,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2004
Sold by
Eshelman Robert P and Penn Robin S
Bought by
Price Mark and Price Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2003
Sold by
St Joe Arvida Home Building Lp
Bought by
Eshelman Ii Robert P and Eshelman Robin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,284
Interest Rate
5.86%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $3,800,000 Shoreline Title
Warranty Deed $3,800,000 Shoreline Title
Warranty Deed $2,050,000 Shoreline Title Llc
Warranty Deed $1,995,000 Southern Escrow & Title Llc
Warranty Deed $640,000 Mcneese Title Llc
Special Warranty Deed $301,500 Sunbelt Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,660,000 New Conventional
Closed $2,660,000 New Conventional
Previous Owner $1,596,000 New Conventional
Previous Owner $480,000 Unknown
Previous Owner $480,000 Purchase Money Mortgage
Previous Owner $271,284 No Value Available
Closed $58,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2024 10/01/24 Sold $3,800,000 -4.5% $983 / Sq Ft
08/16/2024 08/16/24 Pending -- -- --
08/13/2024 08/13/24 Price Changed $3,980,000 -6.4% $1,029 / Sq Ft
07/23/2024 07/23/24 For Sale $4,250,000 +107.3% $1,099 / Sq Ft
04/23/2018 04/23/18 Sold $2,050,000 0.0% $530 / Sq Ft
03/13/2018 03/13/18 Pending -- -- --
02/10/2018 02/10/18 For Sale $2,050,000 -- $530 / 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 $22,371 $3,231,462 $640,762 $2,590,700
2023 $22,371 $2,031,789 $0 $0
2022 $20,884 $2,706,109 $711,246 $1,994,863
2021 $17,001 $1,835,336 $622,099 $1,213,237
2020 $15,238 $1,526,514 $569,142 $957,372
2019 $14,487 $1,458,811 $552,565 $906,246
2018 $13,708 $1,374,799 $0 $0
2017 $13,337 $1,345,630 $520,846 $824,784
2016 $13,167 $1,315,825 $0 $0
2015 $12,764 $1,255,691 $0 $0
2014 $12,762 $1,271,901 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 955365

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25415-000-0140