NOT LISTED FOR SALE

Estimated Value: $5,125,000 - $5,779,000

5 Beds
5.5 Baths
5,399 Sq Ft
$1,016/Sq Ft Est. Value

Last Sold July 11, 2014

Last sale price $2,725,000 $505 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $32,906/month

119 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Fishing
  • Bay Elementary School Rated A-
  • In Ground Pool
  • Lake View

About This Home

As of July 2014

One of the only available lots in WaterColor that backs up to a nature preserve and walking trail leading to the bridge over Western Lake. This secluded yet highly desirable location near the Western Lake bridge make it an ideal location to build your vacation or full-time home. This lot will accommodate either a bungalow or full 2 1/2 story home. Buyer to pay .5% of purchase price to St. Joe Community Fund.

Last Agent to Sell the Property

Hunter Harman

Watersound Real Estate License #3551555 Listed on: 02/10/2014

Watersound Real Estate

Last Buyer's Agent

John Sullivan

Scenic Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,635

Year Built

  • Built in 2014

Lot Details

  • Lot Dimensions are 55x110

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Florida Architecture
  • Newly Painted Property
  • Metal Roof
  • Cement Board or Planked

Interior Spaces

  • 5,399 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Recessed Lighting
  • Living Room
  • Dining Area
  • Utility Room
  • Dryer
  • Wood Flooring
  • Lake Views
  • Fire Sprinkler System

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Range Hood
  • Microwave
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Shower Only

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deeded access to the beach
  • Deck
  • Porch

Schools

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

Utilities

  • Central Air
  • Underground Utilities

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25420-000-0140

Community Details

Overview

  • Watercolor Subdivision

Amenities

  • Picnic Area
  • Community Pavilion

Recreation

  • Beach
  • Community Playground
  • Community Pool
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,635

Year Built

Built in 2014

Lot Details

0

HOA Fees

$303 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 55X110
  • Subdivision Name: WATERCOLOR
  • Directions: From Hwy 98 turn south on Hwy 395. Turn right at light at WAtercolor Crossings. Turn right at next stop sign onto Western Lake Drive. Follow back to PH III and take a left on Needlerush. Turn left ont
  • Architectural Style: Florida Cottage
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2014
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Rooms:Dining Area: Yes
  • Waterview:Lake2: Yes
  • Utilities:Gas - Natural: Yes
  • Utilities:Underground: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Furnished: Furnished - All
  • Appliances: Disposal, Dryer, Microwave, Range Hood, Refrigerator, Stove/Oven Gas
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Floor Hardwood
  • Interior Amenities: Breakfast Bar, Kitchen Island, Lighting Recessed, Newly Painted, Washer/Dryer Hookup
  • Window Features: Window Treatmnt Some
  • Interior:WasherDryer Hookup: Yes
  • Master Bedroom:First: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Appliances:Range Hood: Yes
  • Interior:Furnished - All: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Newly Painted: Yes

Exterior Features

  • Pool Features: Pool - In-Ground
  • View: Lake
  • Construction Type: Siding CmntFbrHrdBrd
  • Exterior Features: Shower
  • Patio And Porch Features: Deck Open, Porch Open
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Deck Open: Yes
  • Exterior:Porch Open: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Shower: Yes
  • Exterior:Pool - In-Ground: Yes

Utilities

  • Security: Fire Alarm/Sprinkler
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Sewer: Public Sewer
  • Utilities: Electric, Gas - Natural, Public Water, Underground

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, Exercise Room, Fishing, Pavillion/Gazebo, Picnic Area, Playground, Pool
  • Association #2 Fee: 1050.0
  • 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-19-25420-000-0140
  • Zoning: Resid Single Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2014
Closed on
Jul 10, 2014
Sold by
14 Oak Grove Llc
Bought by
Desert Retreat Llc
Seller's Agent
Hunter Harman
Watersound Real Estate
Buyer's Agent
John Sullivan
Scenic Sotheby's International Realty
List Price
$2,725,000
Sold Price
$2,725,000
Current Estimated Value
$5,484,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,759,381
Avg. Annual Appreciation
6.49%

Purchase Details

Closed on
May 6, 2011
Sold by
Oak Grove Investments Llc
Bought by
Ison Stephen H and Ison Nancy A

Purchase Details

Closed on
May 2, 2007
Sold by
Ocean Mist Llc
Bought by
Oak Grove Investments Llc

Purchase Details

Closed on
Sep 24, 2003
Sold by
St Joe Arvida Home Building Lp
Bought by
Ocean Mist Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,141
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
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
Desert Retreat Llc $2,725,000 Attorney
Ison Stephen H $359,000 Mcneese Title Llc
Oak Grove Investments Llc $360,000 Neighborhood Title Group
Ocean Mist Llc $336,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ocean Mist Llc $269,141
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2019 06/23/19 Off Market $380,000 -- --
07/11/2014 07/11/14 Sold $2,725,000 0.0% $505 / Sq Ft
06/09/2014 06/09/14 Pending -- -- --
02/10/2014 02/10/14 For Sale $2,725,000 +617.1% $505 / Sq Ft
03/19/2012 03/19/12 Sold $380,000 0.0% --
01/20/2012 01/20/12 Pending -- -- --
07/09/2011 07/09/11 For Sale $380,000 -- --
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 $32,635 $4,487,398 $979,727 $3,507,671
2023 $32,635 $2,771,863 $0 $0
2022 $28,976 $3,802,252 $1,087,497 $2,714,755
2021 $23,121 $2,488,772 $951,191 $1,537,581
2020 $20,789 $2,082,541 $870,220 $1,212,321
2019 $20,073 $2,021,217 $844,874 $1,176,343
2018 $19,602 $1,965,856 $0 $0
2017 $19,067 $1,923,792 $796,375 $1,127,417
2016 $18,702 $1,868,938 $0 $0
2015 $18,119 $1,782,515 $0 $0
2014 $4,956 $595,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 612738

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25420-000-0140