NOT LISTED FOR SALE

204 E Water St Alys Beach, FL 32461

Estimated Value: $3,468,927

4 Beds
4 Baths
2,644 Sq Ft
$1,312/Sq Ft Est. Value

Sale Details

Date Sold: October 12, 2022

Last sale price $3,525,000 $1,333 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $20,672 / mo

10 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Primary Bedroom Suite
  • Dune Lakes Elementary School Rated A-
  • Fishing
  • Maid or Guest Quarters

About This Home

As of October 2022

This stunning West Indies inspired home in Rosemary Beach has been completely transformed from its original roots. A carriage house was added in 2012, along with a stunning courtyard with wood burning fireplace. Light and bright, the first floor living space of the main home retained the original shiplap walls but added a beautiful coquina inspired fireplace surround. A gorgeous kitchen opens to the living and dining area with cabinets to the ceiling and white quartz counters. The jewel of the first floor is the large, glassed in sunroom with views of the courtyard fireplace. Upstairs you will find an oversized primary bedroom with an updated bath, containing both a freestanding tub and a shower. Two other guest rooms round out the second floor. Possible room for expansion exists in the 24 x 12 foot attic space that is framed out and ready to be converted to living space. Just outside the back door and up a wide staircase, you will find the carriage house. Your guests may never leave this charming space! The main level contains the living area, full bath and a small kitchenette with refrigerator drawers. A full size staircase leads to the sleeping loft. Just steps away from the Sky Pool, with the retractable roof for year round swimming and also from the tennis courts. The square footage includes the heated and cooled space that is accessed from the outside and is currently used as storage. All information in the listing is deemed to be correct, please verify any information that is important to you.

Last Agent to Sell the Property

Miriam Dillon Team

Rosemary Beach Realty LLC Listed on: 08/19/2022

Last Buyer's Agent

The Beasley Group

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,443

Year Built

  • Built in 2001 | Remodeled

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 77x47x66x22x27
  • Property fronts a private road
  • Back Yard Fenced
  • Interior Lot
  • Level Lot

HOA Fees

  • $465 Monthly HOA Fees

Parking

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

Home Design

  • Caribbean Architecture
  • Metal Roof
  • Wood Trim
  • Stucco

Interior Spaces

  • 2,644 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Gas Fireplace
  • Plantation Shutters
  • Living Room
  • Sun or Florida Room
  • Wood Flooring
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Ice Maker

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • 4 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deeded access to the beach
  • Balcony
  • Enclosed Patio or Porch

Additional Homes

  • Separate Apartment
  • Dwelling with Separate Living Area

Schools

  • Dune Lakes Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Multiple cooling system units
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 35-3S-18-16064-032-0040

Community Details

Overview

  • Association fees include accounting, internet service
  • Rosemary Beach Subdivision
  • The community has rules related to covenants

Recreation

  • Beach
  • Community Playground
  • Community Pool
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,443

Year Built

Built in 2001 | Remodeled

Lot Details

3,485 Sq Ft Lot

HOA Fees

$465 per month

Parking

1

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.08
  • Lot Size: 77X47X66X22X27
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Rosemary Beach
  • Directions: Turn north onto E. Water at the traffic light on 30A. The home is the first house on the left, past the parking lot to the tennis courts.
  • Architectural Style: Caribbean
  • Carport Y N: Yes
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2001
  • Remarks Misc:Remarks: This stunning West Indies inspired home in Rosemary Beach has been completely transformed from its original roots. A carriage house was added in 2012, along with a stunning courtyard with wood burning fireplace. Light and bright, the first floor living space of the main home retained the original shiplap walls but added a beautiful coquina inspired fireplace surround. A gorgeous kitchen opens to the living and dining area with cabinets to the ceiling and white quartz counters. The jewel of the first floor is the large, glassed in sunroom with views of the courtyard fireplace. Upstairs you will find an oversized primary bedroom with an updated bath, containing both a freestanding tub and a shower. Two other guest rooms round out the second floor. Possible room for expansion exists
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Rooms:Living Room: Yes
  • Washers: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Natural: Yes
  • Rooms:Sun Room: Yes
  • Rooms:Separate Apartment: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Auto Garage Door Opn, Dryer, Refrigerator W/IceMk, Stove/Oven Gas, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Interior Amenities: Breakfast Bar, Fireplace, Fireplace Gas, Floor Hardwood, Furnished - All, Guest Quarters, Plantation Shutters, Pull Down Stairs, Renovated, Washer/Dryer Hookup, Window Treatment All
  • Interior:WasherDryer Hookup: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Pull Down Stairs: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Fireplace Gas: Yes
  • Interior:Plantation Shutters: Yes
  • Interior:Fireplace: Yes
  • Interior:Guest Quarters2: Yes

Exterior Features

  • Lot Features: Covenants, Interior, Level, Restrictions, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • Construction Type: Roof Metal, Stucco, Trim Wood
  • Exterior Features: Balcony, Fenced Back Yard, Fenced Lot-All, Fireplace, Patio Enclosed, Patio Open, Renovated, Separate Living Area, Shower
  • Property Condition: Construction Complete
  • Lot Features:Level: Yes
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Lot Features:Interior: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:Restrictions: Yes
  • ConstructionSiding:Roof Metal: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Open: Yes
  • Exterior:Shower: Yes
  • Exterior:Fenced Back Yard: Yes
  • ConstructionSiding:Trim Wood: Yes
  • Exterior:Fireplace2: Yes
  • Exterior:Patio Enclosed: Yes
  • Exterior:Separate Living Area: Yes
  • Exterior:Fenced Lot-All: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Garage, Carport
  • General Property Info:Garage2: Yes
  • Appliances:Auto Garage Door Opn: Yes
  • Parking Features:Garage3: Yes
  • Parking Features:Carport3: Yes

Utilities

  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: Accounting, Internet Service

Schools

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

Lot Info

  • Lot Size Sq Ft: 3484.8
  • Parcel #: 35-3S-18-16064-032-0040
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 12442.73
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2022
Closed on
Oct 12, 2022
Sold by
Walter Michael Kipphut Jr Trust
Bought by
Carl A Robinson Properties Ltd
Seller's Agent
Miriam Dillon Team
Rosemary Beach Realty LLC
Buyer's Agent
The Beasley Group
Compass
List Price
$3,700,000
Sold Price
$3,525,000
Premium/Discount to List
-$175,000
-4.73%
Current Estimated Value
$3,468,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,073
Avg. Annual Appreciation
-0.45%
Original Mortgage
$1,575,000
Outstanding Balance
$1,507,556
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$1,961,371

Purchase Details

Closed on
Apr 9, 2009
Sold by
Russell William Darrell
Bought by
Kipphut W Michael and W Michael Kipphut Jr Trust

Purchase Details

Closed on
Nov 10, 2005
Sold by
Russell William Darrell
Bought by
Russell William Darrell and William Darrell Russell 2004 Revocable T
Source: Public Records
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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
Carl A Robinson Properties Ltd $3,525,000 Rodgers Kiefer Title
Carl A Robinson Properties Ltd $3,525,000 Rodgers Kiefer Title
Kipphut W Michael $605,000 Mcneese Title Llc
Russell William Darrell -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carl A Robinson Properties Ltd $1,575,000
Closed Carl A Robinson Properties Ltd $1,575,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2022 10/12/22 Sold $3,525,000 -4.7% $1,333 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
08/19/2022 08/19/22 For Sale $3,700,000 -- $1,399 / Sq Ft
Source: Emerald Coast Association of REALTORS®

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 $21,789 $2,411,443 $850,000 $1,561,443
2024 $22,827 $2,555,247 $775,000 $1,780,247
2023 $22,827 $2,512,215 $775,000 $1,737,215
2022 $15,060 $1,860,072 $597,005 $1,263,067
2021 $12,443 $1,285,446 $488,015 $797,431
2020 $12,101 $1,212,262 $446,472 $765,790
2019 $11,502 $1,158,222 $433,468 $724,754
2018 $11,152 $1,125,179 $0 $0
2017 $10,510 $1,107,674 $0 $0
2016 $9,844 $1,044,369 $0 $0
2015 $9,228 $973,502 $0 $0
2014 $8,392 $862,271 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 906382

Emerald Coast Association of REALTORS®

APN: 35-3S-18-16064-032-0040

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