Seller's Agent in 2023
Smith Burke
Scenic Sotheby's International Realty
(850) 610-0667
4 in this area
35 Total Sales
196 Red Cedar Way Santa Rosa Beach, FL 32459
WaterColor NeighborhoodEstimated Value: $4,213,000 - $4,938,000
6
Beds
6.5
Baths
4,181
Sq Ft
$1,102/Sq Ft
Est. Value
Highlights
- Boat Dock
- Beach
- Heated Pool
- Bay Elementary School Rated A-
- Deeded access to the beach
- Covered Deck
About This Home
As of October 2023Modern elegance meets tranquility at this private luxurious retreat nestled between the pines in the heart of Watercolor. With Wood Fern Park and Camp Watercolor to the east and a wooded nature trail immediately to the south and west, this Gregory Jazayeri designed six bedroom, six full bath residence constructed by Borges Brooks Builders has privacy rarely found in Watercolor. Upon entering the home, guests are welcomed by soaring 12-foot ceilings and a professionally decorated interior. A guest bedroom with ensuite and a well-appointed laundry room are located off of the main entry, with a hallway leading to the open concept kitchen, living, and dining area. A Pecky cypress ceiling, Sub-zero and Wolf appliances, lighted open shelving with custom tile, and quartz countertops including a grand 11 foot waterfall island complete this chef's dream kitchen. In the living and dining room, a gas fireplace, ceiling with exposed wooden beams, and bifold accordion glass doors create a perfect transition from the modern interior of the home to the peaceful setting found on the idyllic outdoor back deck with a heated pool overlooking the wooded nature trail.
On the second level, you'll find two beautiful guest bedrooms, each with ensuite and access to the front balcony overlooking Wood Fern Park. A third guest bedroom with custom barn doors is situated across the hall from a spacious covered porch with a gas fire table that overlooks the forest to the south. The grand main suite is also on this floor and features a substantial walk-in closet as well as an impressive ensuite with dual vanities, a soaking tub and a large shower. The main suite also has a private balcony where a custom bed swing and views of the serene nature trail await.
The third floor offers the kids a retreat of their own featuring a large bedroom, a game room and its own private bathroom. An investor's dream, this exquisite home which is now offered fully furnished has a remarkable rental history and has been professionally and meticulously maintained.
Last Agent to Sell the Property
Scenic Sotheby's International Realty License #3379553 Listed on: 05/01/2023
Last Buyer's Agent
James Johnson
The Beach Group Properties LLC
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $25,043
Year Built
- Built in 2018
Lot Details
- Lot Dimensions are 55x110x55x110
- Back Yard Fenced
HOA Fees
- $444 Monthly HOA Fees
Home Design
- Beach House
- Metal Roof
- Cement Board or Planked
Interior Spaces
- 4,181 Sq Ft Home
- 3-Story Property
- Furnished
- Beamed Ceilings
- Gas Fireplace
- Window Treatments
- Great Room
- Wood Flooring
Kitchen
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- Dual Vanity Sinks in Primary Bathroom
Laundry
- Dryer
- Washer
Outdoor Features
- Heated Pool
- Deeded access to the beach
- Balcony
- Covered Deck
Schools
- Dune Lakes Elementary School
- Emerald Coast Middle School
- South Walton High School
Utilities
- Multiple cooling system units
- Tankless Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 15-3S-19-25415-000-0080
Community Details
Overview
- Association fees include accounting, ground keeping, internet service, recreational faclty, security, cable TV, trash
- Watercolor Subdivision
Recreation
- Boat Dock
- Beach
- Tennis Courts
- Community Playground
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2023
Closed on
Oct 24, 2023
Sold by
Lattitude Properties Llc
Bought by
B & B Leasing Limited Partnership 1
Seller's Agent
Smith Burke
Scenic Sotheby's International Realty
Buyer's Agent
James Johnson
The Beach Group Properties LLC
List Price
$5,355,000
Sold Price
$4,780,000
Premium/Discount to List
-$575,000
-10.74%
Views
166
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$171,323
Avg. Annual Appreciation
-1.96%
Purchase Details
Listed on
Mar 1, 2018
Closed on
Jul 18, 2018
Sold by
Livi Brooks Lisa Marie
Bought by
Lattitude Properties Llc
Seller's Agent
Lisa Brooks
30A Local Real Estate
Buyer's Agent
Erin Oden
Coastal Luxury
List Price
$2,400,000
Sold Price
$2,400,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.97%
Original Mortgage
$1,920,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 21, 2017
Sold by
Brooks Lisa Marie
Bought by
Brooks Lisa Marie and The Lisa Marie Borges Brooks Living Trus
Purchase Details
Closed on
Feb 14, 2017
Sold by
Brooks Robert S and Brooks Lisa M
Bought by
196 Red Cedar Way Llc
Purchase Details
Closed on
Sep 15, 2011
Sold by
Redmond Jane S
Bought by
Brooks Robert S and Brooks Lisa M
Purchase Details
Closed on
Nov 9, 2009
Sold by
Tommasone Gerald R
Bought by
Redmond Michael R and Redmond Jane S
Purchase Details
Closed on
Nov 9, 2006
Sold by
Opus West Llc
Bought by
Tommasone Gerald R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$627,243
Interest Rate
6.36%
Mortgage Type
Unknown
Purchase Details
Closed on
Jan 5, 2004
Sold by
Nenni Michael L
Bought by
Ysebaert Paul and Ysebaert Tera
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.87%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 6, 2003
Sold by
St Joe Arvida Home Building Lp
Bought by
Nenni Michael L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,780
Interest Rate
5.89%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| B & B Leasing Limited Partnership 1 | $4,780,000 | None Listed On Document | |
| Lattitude Properties Llc | $2,400,000 | Attorney | |
| Brooks Lisa Marie | -- | None Available | |
| 196 Red Cedar Way Llc | -- | Attorney | |
| Brooks Robert S | $300,000 | Neighborhood Title Group | |
| Redmond Michael R | $230,200 | South Walton Title Inc | |
| Tommasone Gerald R | -- | None Available | |
| Ysebaert Paul | $420,000 | Mcneese Title Llc | |
| Nenni Michael L | $336,500 | Sunbelt Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lattitude Properties Llc | $1,920,000 | |
| Previous Owner | Tommasone Gerald R | $627,243 | |
| Previous Owner | Tc Riggi Holdings Llc | $1,103,900 | |
| Previous Owner | Ysebaert Paul | $336,000 | |
| Previous Owner | Nenni Michael L | $302,780 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/24/2023 10/24/23 | Sold | $4,780,000 | -8.1% | $1,143 / Sq Ft |
| 10/03/2023 10/03/23 | Pending | -- | -- | -- |
| 08/10/2023 08/10/23 | Price Changed | $5,200,000 | -2.9% | $1,244 / Sq Ft |
| 05/01/2023 05/01/23 | For Sale | $5,355,000 | +123.1% | $1,281 / Sq Ft |
| 07/18/2018 07/18/18 | Sold | $2,400,000 | 0.0% | $571 / Sq Ft |
| 06/15/2018 06/15/18 | Pending | -- | -- | -- |
| 03/01/2018 03/01/18 | For Sale | $2,400,000 | -- | $571 / 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 | $25,043 | $3,788,276 | $640,762 | $3,147,514 |
| 2023 | $25,043 | $2,177,299 | $0 | $0 |
| 2022 | $23,029 | $3,047,886 | $711,246 | $2,336,640 |
| 2021 | $18,410 | $2,006,704 | $622,099 | $1,384,605 |
| 2020 | $16,330 | $1,635,837 | $569,142 | $1,066,695 |
| 2019 | $15,765 | $1,587,428 | $552,565 | $1,034,863 |
| 2018 | $5,349 | $536,471 | $0 | $0 |
| 2017 | $4,304 | $520,846 | $520,846 | $0 |
| 2016 | $4,100 | $500,813 | $0 | $0 |
| 2015 | $3,867 | $468,050 | $0 | $0 |
| 2014 | $3,022 | $324,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Smith Burke
-
J
Buyer's Agent in 2023
James Johnson
The Beach Group Properties LLC
-
Lisa Brooks
L
Seller's Agent in 2018
Lisa Brooks
30A Local Real Estate
(949) 692-8737
6 Total Sales
-
T
Seller Co-Listing Agent in 2018
Terri Lavender
Berkshire Hathaway HomeServices
-
Erin Oden
E
Buyer's Agent in 2018
Erin Oden
Coastal Luxury
(850) 213-3478
6 in this area
122 Total Sales
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 922235
APN: 15-3S-19-25415-000-0080
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