NOT LISTED FOR SALE

Estimated Value: $1,601,717 - $1,878,000

4 Beds
5 Baths
2,174 Sq Ft
$810/Sq Ft Est. Value

Last Sold June 28, 2018

Last sale price $808,000 $372 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $10,406/month

321 Days on Market

Highlights

  • Beach
  • Beach House
  • Main Floor Primary Bedroom
  • Dune Lakes Elementary School Rated A-
  • Wood Flooring
  • Furnished

About This Home

As of June 2018

This WaterColor cottage offers an excellent location, both facing and backing up to tranquil park space within the exclusive Turtle Ridge neighborhood, as well as nearby one of the spectacular community pools. A local rental company projects this home can gross $96,000 in gross rental income per year. Beyond its expansive wraparound covered front porch are the open, light-filled living and dining room areas which are joined by an updated kitchen with eat-at island, new backsplash, granite counters and stainless steel appliances. The kitchen features access to a screened dining porch, perfect for enjoying a comfortable evening breeze. This home includes two master suites, one which is conveniently located on the first floor and one located on the second floor with an excellent porch. Floor-to-ceiling glass pane barn doors in the dining area slide open to reveal an efficient home office space, making this home a smart choice for those seeking a full-time residence, or for anyone who needs to attend to a bit of work while enjoying their vacation home at the beach. One of two master bedrooms is conveniently located on the first floor with its own private bathroom with double vanity. There is a convenient additional full guest bathroom located on the first floor as well. Upstairs, an additional master bedroom with its own private bath features access to a partially covered wraparound balcony, overlooking the peaceful park space below. Each of the two remaining guest bedrooms feature their own private baths, and one offers access to the wraparound balcony. This home's features and location, less than a quarter of a mile from WaterColor Crossing with the Publix grocery store and local eateries via neighborhood trails, are sure to be attractive assets on the vacation rental market. An additional $330/quarter to be payable by the buyer will be added to the $1,140 per quarter HOA fee for the next 13 years to cover the assessment cost that was assessed January 1st, 2017, covering the cost for the WaterColor Beach Club and Camp WaterColor Expansion. There is a 0.5% fee of the purchase price paid by the buyer due at closing to the St. Joe Foundation. There is a $250 transfer fee to the HOA. Come enjoy WaterColor and all of the amazing amenities it offers: the Gulf front Beach Club with dining, many community pools, tennis courts, fitness, the Boat House, ampitheatre, trails, etc!

Last Agent to Sell the Property

Andy & Christina Meinen

Scenic Sotheby's International Realty Brokerage Phone: 850-974-9704 Listed on: 07/04/2017

Scenic Sotheby's International Realty

Last Buyer's Agent

Billy Creswell

Rosemary Beach Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,483

Year Built

  • Built in 2006

Lot Details

  • Lot Dimensions are 34 x 93 x 34 x 93
  • Property fronts a county road

HOA Fees

  • $380 Monthly HOA Fees

Home Design

  • Beach House
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,174 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Window Treatments
  • Living Room
  • Screened Porch
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Covered Deck

Schools

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

Utilities

  • Central Air
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 14-3S-19-25402-000-0180

Community Details

Overview

  • Watercolor Subdivision

Amenities

  • Picnic Area

Recreation

  • Beach
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,483

Year Built

Built in 2006

Lot Details

0

HOA Fees

$380 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 34 x 93 x 34 x 93
  • Road Frontage Type: County Road
  • Subdivision Name: WATERCOLOR
  • Directions: From the intersection of Hwy 98 and Hwy 395 in Santa Rosa Beach head south on Hwy 395. Turn left on East Royal Fern Way. Turn left onto Wisteria Way. Turn right onto Winterberry Cir. Home will be on the right.
  • Architectural Style: Beach House
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2006
  • Attribution Contact: 850-974-9704
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Utilities:Community Water: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Stove/Oven Electric, Washer
  • Full Bathrooms: 5
  • Total Bedrooms: 4
  • Interior Amenities: Breakfast Bar, Floor Hardwood, Furnished - All, Window Treatment All
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Furnished - All: Yes
  • Interior:Window Treatment All: Yes

Exterior Features

  • Pool Features: Pool Type
  • Construction Type: Frame, Roof Metal
  • Exterior Features: Balcony, Deck Covered, Porch Screened
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Balcony: Yes
  • Exterior:Deck Covered: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Porch Screened: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Community Sewer, Community Water

Condo/Co-op/Association

  • Community Features: Beach, Exercise Room, Picnic Area, Playground, Pool, Tennis
  • Association #2 Fee: 1140.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 14-3S-19-25402-000-0180
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2017
Closed on
Jun 28, 2018
Sold by
Barbs Llc
Bought by
Jet Enterprises Unlimited Llc
Seller's Agent
Andy & Christina Meinen
Scenic Sotheby's International Realty
Buyer's Agent
Billy Creswell
Rosemary Beach Realty LLC
List Price
$808,000
Sold Price
$808,000
Current Estimated Value
$1,761,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$953,179
Avg. Annual Appreciation
11.20%
Original Mortgage
$50,000
Outstanding Balance
$30,343
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$1,730,836

Purchase Details

Listed on
Jul 3, 2014
Closed on
Jul 28, 2014
Sold by
Beard Family Limited Partnership
Bought by
Barbs Llc
Seller's Agent
Andy & Christina Meinen
Scenic Sotheby's International Realty
Buyer's Agent
Andy & Christina Meinen
Scenic Sotheby's International Realty
List Price
$575,000
Sold Price
$575,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.07%

Purchase Details

Closed on
Feb 27, 2009
Sold by
The St Joe Company
Bought by
Beard Family Limited Partnership

Purchase Details

Closed on
Sep 29, 2006
Sold by
The St Joe Co
Bought by
St Joe Home Building Lp
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
Jet Enterprises Unlimited Llc $808,000 Rodgers Kierfer Title
Barbs Llc $575,000 None Available
Beard Family Limited Partnership $495,000 Mcneese Title Llc
St Joe Home Building Lp $4,513,600 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jet Enterprises Unlimited Llc $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/28/2018 06/28/18 Sold $808,000 0.0% $372 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
07/04/2017 07/04/17 For Sale $808,000 +40.5% $372 / Sq Ft
07/28/2014 07/28/14 Sold $575,000 0.0% $264 / Sq Ft View Prior Sale
07/03/2014 07/03/14 For Sale $575,000 -- $264 / Sq Ft
06/27/2014 06/27/14 Pending -- -- --
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 $9,483 $1,514,841 $278,916 $1,235,925
2023 $9,483 $891,152 $0 $0
2022 $8,474 $1,030,548 $309,596 $720,952
2021 $7,158 $742,475 $196,226 $546,249
2020 $6,684 $669,535 $138,093 $531,442
2019 $6,559 $660,498 $134,071 $526,427
2018 $6,185 $637,433 $0 $0
2017 $5,430 $547,895 $126,375 $421,520
2016 $5,341 $533,791 $0 $0
2015 $5,246 $516,070 $0 $0
2014 $5,085 $505,746 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 778823

Emerald Coast Association of REALTORS®

APN: 14-3S-19-25402-000-0180