138 Red Cedar Way Santa Rosa Beach, FL 32459
WaterColor NeighborhoodEstimated payment $22,346/month
Highlights
- Beach
- Fishing
- Traditional Architecture
- Dune Lakes Elementary School Rated A-
- Vaulted Ceiling
- Wood Flooring
About This Home
Priced at almost 20% below the average square foot price of all listed homes in WaterColor, this home is waiting for buyers that fit many profiles. Never rented and owned by only two families it has been beautifully maintained and recently updated with interior painting, furnishings and an updated kitchen with top of the line appliances. With four king bedrooms and a six bed bunk room - all with ensuite baths, this home will sleep 14 with two additional flex rooms and a full bath. The home has primary suites on the first and second floors. It is situated steps from Camp Watercolor yet located overlooking peaceful views of natural landscape and sunset views from very generously sized porches. Sold fully furnished this home is move-in ready. Drawings for pool available. Two additional bonus rooms with access to a full bath allow more options. Located steps from Camp WaterColor, sunset views from huge porches and plans for a pool, this home has it all
Listing Agent
Scenic Sotheby's International Realty License #3220127 Listed on: 06/27/2025
Open House Schedule
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Thursday, September 18, 202510:00 am to 2:00 pm9/18/2025 10:00:00 AM +00:009/18/2025 2:00:00 PM +00:00Add to Calendar
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Saturday, September 20, 202510:00 am to 2:00 pm9/20/2025 10:00:00 AM +00:009/20/2025 2:00:00 PM +00:00Add to Calendar
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $22,355
Year Built
- Built in 2005
Lot Details
- Lot Dimensions are 62' x 110' x 83' x 109'
- Property fronts a private road
HOA Fees
- $503 Monthly HOA Fees
Parking
- 2 Carport Spaces
Home Design
- Traditional Architecture
- Frame Construction
- Metal Roof
- Cement Board or Planked
Interior Spaces
- 4,090 Sq Ft Home
- 2-Story Property
- Furnished
- Woodwork
- Beamed Ceilings
- Vaulted Ceiling
- Gas Fireplace
- Window Treatments
- Living Room
- Dining Area
- Screened Porch
Kitchen
- Breakfast Bar
- Walk-In Pantry
- Gas Oven or Range
- Microwave
- Ice Maker
- Dishwasher
- Wine Refrigerator
- Disposal
Flooring
- Wood
- Painted or Stained Flooring
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Split Bedroom Floorplan
- 6 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower in Primary Bathroom
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Fire and Smoke Detector
Outdoor Features
- Balcony
Schools
- Dune Lakes Elementary School
- Emerald Coast Middle School
- South Walton High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Tankless Water Heater
- Gas Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 15-3S-19-25415-000-0130
Community Details
Overview
- Association fees include accounting, ground keeping, internet service, legal, licenses/permits, management, repairs/maintenance, security, cable TV, trash
- Watercolor Subdivision
- The community has rules related to covenants
Amenities
- Picnic Area
- Recreation Room
Recreation
- Beach
- Tennis Courts
- Community Playground
- Community Pool
- Fishing
Map
Home Values in the Area
Average Home Value in this Area
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 | $22,355 | $3,264,588 | $640,762 | $2,623,826 |
| 2023 | $22,355 | $2,004,180 | $0 | $0 |
| 2022 | $20,661 | $2,683,190 | $711,246 | $1,971,944 |
| 2021 | $16,723 | $1,800,546 | $622,099 | $1,178,447 |
| 2020 | $15,031 | $1,505,770 | $569,142 | $936,628 |
| 2019 | $14,706 | $1,480,817 | $552,565 | $928,252 |
| 2018 | $13,917 | $1,395,706 | $0 | $0 |
| 2017 | $13,541 | $1,366,233 | $520,846 | $845,387 |
| 2016 | $13,459 | $1,345,030 | $0 | $0 |
| 2015 | $13,051 | $1,283,989 | $0 | $0 |
| 2014 | $13,161 | $1,305,605 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | Price Changed | $3,750,000 | -5.1% | $917 / Sq Ft |
| 06/27/2025 06/27/25 | For Sale | $3,950,000 | -- | $966 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,475,000 | Mcneese Title Llc | |
| Warranty Deed | $900,000 | Title Works | |
| Special Warranty Deed | $321,500 | Sunbelt Title Agency |
Source: Emerald Coast Association of REALTORS®
MLS Number: 979766
APN: 15-3S-19-25415-000-0130
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