NOT LISTED FOR SALE

198 E Water St Alys Beach, FL 32461

Estimated Value: $3,402,000 - $3,805,000

4 Beds
4.5 Baths
2,629 Sq Ft
$1,383/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $3,590,000 $1,366 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $21,605/month

16 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Fishing
  • Dune Lakes Elementary School Rated A-
  • Gunite Pool
  • Maid or Guest Quarters

About This Home

As of April 2022

Enjoy the modern elegance of this Rosemary Beach residence with exquisite interiors, flushed with natural light throughout. Pella storm-grade windows are matched with block and stucco construction for living close to the beach. Designer lighting and finishes throughout complete with fireplaces, quartz kitchen counters, gas stove, heated pool, heated and cooled garage, courtyard, all in close proximity to amenities and the beach. Explore shopping and dining in Rosemary Beach. No need to drive anywhere while at the beach. Separate 1 bedroom guest home, with full living room, kitchen and dining. Rosemary Beach offers Beach accesses, Fitness Club, tennis courts, Owners Club, several pools, shopping and dining. You may never want to leave!

Last Agent to Sell the Property

Murray Balkcom

30A Local Real Estate License #3069939 Listed on: 02/16/2022

Last Buyer's Agent

Jonathan Hill

Legacy Hill Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,023

Year Built

  • Built in 2012

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 30x75
  • Property fronts a private road
  • Back Yard Fenced
  • Interior Lot

HOA Fees

  • $465 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 1 Carport Space
  • Automatic Garage Door Opener

Home Design

  • Beach House
  • Concrete Siding

Interior Spaces

  • 2,629 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Furnished
  • Built-in Bookshelves
  • Shelving
  • Woodwork
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Track Lighting
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Disposal

Flooring

  • Painted or Stained Flooring
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Primary Bedroom
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom
  • Garden Bath

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Gunite Pool
  • Deeded access to the beach
  • Balcony
  • Open Patio
  • Built-In Barbecue
  • Rain Gutters
  • Porch

Schools

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

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Underground Utilities
  • Water Tap Fee Is Paid
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 35-3S-18-16064-032-0030

Community Details

Overview

  • Association fees include accounting, management, master, recreational faclty, security, cable TV
  • Rosemary Beach Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Community Pool
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,023

Year Built

Built in 2012

Lot Details

0

HOA Fees

$465 per month

Parking

1

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.06
  • Lot Size: 30x75
  • Road Frontage Type: Private Road
  • Subdivision Name: ROSEMARY BEACH
  • Directions: From east end of Hwy 30A / Hwy 98, go west on Hwy 30A. Turn right onto E Water St. Home will be third home on left. No parking on that street. Public Parking available along E Long Green Rd to left or right just after turning onto E Water St from 30A.
  • Architectural Style: Beach House
  • Carport Y N: Yes
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2012
  • Remarks Misc:Remarks: Enjoy the modern elegance of this Rosemary Beach residence with exquisite interiors, flushed with natural light throughout. Pella storm-grade windows are matched with block and stucco construction for living close to the beach. Designer lighting and finishes throughout complete with fireplaces, quartz kitchen counters, gas stove, heated pool, heated and cooled garage, courtyard, all in close proximity to amenities and the beach. Explore shopping and dining in Rosemary Beach. No need to drive anywhere while at the beach. Separate 1 bedroom guest home, with full living room, kitchen and dining. Rosemary Beach offers Beach accesses, Fitness Club, tennis courts, Owners Club, several pools, shopping and dining. You may never want to leave!
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Rooms:Living Room: Yes
  • Utilities:Tap Fee Paid: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:AC - 2 or More: Yes
  • Energy:Water Heater - Tnkls: Yes
  • Utilities:Gas - Natural: Yes
  • Utilities:Underground: Yes
  • Energy:Water Heater - Gas: Yes
  • Rooms:Separate Apartment: Yes
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Auto Garage Door Opn, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Gas, Washer, Wine Refrigerator
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Breakfast Bar, Built-In Bookcases, Ceiling Beamed, Ceiling Raised, Fireplace, Fireplace 2+, Fireplace Gas, Floor Tile, Floor WW Carpet, Furnished - All, Guest Quarters, Kitchen Island, Lighting Recessed, Lighting Track, Owner's Closet, Shelving, Split Bedroom, Washer/Dryer Hookup, Wet Bar, Window Treatment All, Woodwork Painted
  • Interior:WasherDryer Hookup: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Interior:Lighting Track: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Split Bedroom: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Woodwork Painted: Yes
  • Appliances:Wine Refrigerator: Yes
  • Interior:Fireplace Gas: Yes
  • Interior:Shelving: Yes
  • Interior:Built-In Bookcases: Yes
  • Interior:Wet Bar: Yes
  • Interior:Fireplace: Yes
  • Interior:Ceiling Beamed: Yes
  • Interior:Guest Quarters2: Yes
  • Interior:Fireplace 2: Yes

Exterior Features

  • Lot Features: Interior
  • Pool Features: Pool Type
  • Construction Type: Concrete, Block
  • Exterior Features: Rain Gutter, Balcony, BBQ Pit/Grill, Fenced Back Yard, Fenced Privacy, Guest Quarters, Patio Open, Pool - Gunite Concrt, Pool - Heated, Porch Open
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Lot Features:Interior: Yes
  • ConstructionSiding:Block: Yes
  • ConstructionSiding:Concrete: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Open: Yes
  • Exterior:Porch Open: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Fenced Back Yard: Yes
  • Exterior:Fenced Privacy: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Rain Gutter: Yes
  • Exterior:Guest Quarters: Yes
  • Exterior:Pool - Gunite Concrt: Yes

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Covered
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes
  • Appliances:Auto Garage Door Opn: Yes
  • Parking Features:Covered: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water, Tap Fee Paid, TV Cable, Underground
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, Exercise Room, Fishing, Pets Allowed, Pool, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 1395.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Management, Master Association, Recreational Faclty, Security, Cable TV

Schools

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

Lot Info

  • Lot Size Sq Ft: 2613.6
  • Parcel #: 35-3S-18-16064-032-0030
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 15023.43
  • Tax Year: 2021

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2022
Closed on
Apr 15, 2022
Sold by
Truitt Real Estate Interests Llc
Bought by
Lee Sangyoung and Lee Esther
Seller's Agent
Murray Balkcom
30A Local Real Estate
Buyer's Agent
Jonathan Hill
Legacy Hill Realty
List Price
$3,590,000
Sold Price
$3,590,000
Current Estimated Value
$3,666,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,339
Avg. Annual Appreciation
0.33%
Original Mortgage
$2,513,000
Outstanding Balance
$2,316,889
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$1,318,020

Purchase Details

Closed on
Nov 12, 2020
Sold by
Pugh Lawrence Hamilton and Lee Victoria
Bought by
Truitt Real Estate Interests Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,779,960
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2015
Sold by
Pugh Lawrence Hamilton and Lee Victoria
Bought by
Pugh Family Trust

Purchase Details

Closed on
May 1, 2015
Bought by
Pugh Lawrence Hamilton

Purchase Details

Closed on
Jun 23, 2011
Sold by
Pugh Lawrence Hamilton
Bought by
Pugh Lawrence Hamilton and Lee Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.65%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lee Sangyoung $3,590,000 Rushing Law Firm Pllc
Truitt Real Estate Interests Llc $2,224,950 Emerald Coast Title Svcs Llc
Truitt Real Estate Interests Llc $2,225,000 Emerald Coast Title
Pugh Family Trust -- None Available
Pugh Lawrence Hamilton $100 --
Pugh Lawrence Hamilton -- South Walton Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Sangyoung $2,513,000
Previous Owner Truitt Real Estate Interests Llc $1,779,960
Previous Owner Pugh Lawrence Hamilton $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2022 04/15/22 Sold $3,590,000 0.0% $1,366 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $3,590,000 -- $1,366 / 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
2025 $23,630 $2,615,230 $850,000 $1,765,230
2024 $24,824 $2,779,759 $775,000 $2,004,759
2023 $24,824 $2,731,977 $775,000 $1,956,977
2022 $18,381 $2,290,780 $568,576 $1,722,204
2021 $15,023 $1,552,055 $464,776 $1,087,279
2020 $10,834 $1,464,108 $425,212 $1,038,896
2019 $10,527 $1,097,321 $0 $0
2018 $10,365 $1,076,861 $0 $0
2017 $10,085 $1,054,712 $0 $0
2016 $9,966 $1,033,019 $0 $0
2015 $10,053 $1,025,838 $0 $0
2014 -- $1,017,696 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 891252

Emerald Coast Association of REALTORS®

APN: 35-3S-18-16064-032-0030