NOT LISTED FOR SALE

242 Red Cedar Way Santa Rosa Beach, FL 32459

WaterColor Neighborhood

Estimated Value: $2,901,000 - $3,584,000

5 Beds
5.5 Baths
2,905 Sq Ft
$1,162/Sq Ft Est. Value

Last Sold March 01, 2016

Last sale price $1,500,000 $516 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $20,373/month

118 Days on Market

Highlights

  • Marina
  • Deeded access to the beach
  • Maid or Guest Quarters
  • Bay Elementary School Rated A-
  • Lake View
  • Wooded Lot

About This Home

As of March 2016

This beautiful non rental WaterColor home is located on arguably one of the best phase 2 lots. Backing up to green space with views of Western Lake, green space on one side and a nice park across the street the privacy is hard to beat. The extra wide lot easily accommodates a full 2 car front entry garage and offers ample parking. The outdoor spaces include 4 covered porches and a grilling area and patio, a pool should be easy to add. 5 bedrooms, hallway bunks, 5.5 bath means there is plenty of room for the entire family and even some friends. The kitchen has plenty of work space, high end appliances and is open to living/dining area.

Last Agent to Sell the Property

Scott Cobine

Berkshire Hathaway HomeServices License #681944 Listed on: 09/05/2015

Berkshire Hathaway HomeServices

Last Buyer's Agent

Karen Wagner

St Joe Community Sales Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,697

Year Built

  • Built in 2007

Lot Details

  • Lot Dimensions are 66x100x65x113
  • Wooded Lot

HOA Fees

  • $362 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Guest Parking

Home Design

  • Florida Architecture
  • Exterior Columns
  • Metal Roof

Interior Spaces

  • 2,905 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Built-in Bookshelves
  • Coffered Ceiling
  • Tray Ceiling
  • Vaulted Ceiling
  • Living Room
  • Dining Room
  • Wood Flooring
  • Lake Views

Kitchen

  • Gas Oven or Range
  • Ice Maker
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Garden Bath

Outdoor Features

  • Deeded access to the beach
  • Balcony
  • Outdoor Kitchen
  • Built-In Barbecue

Schools

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

Utilities

  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25415-000-0070

Community Details

Overview

  • Association fees include management, recreational faclty, cable TV
  • Watercolor Subdivision
  • The community has rules related to covenants

Amenities

  • Community Pavilion

Recreation

  • Marina
  • Waterfront Community
  • Tennis Courts
  • Community Pool
  • Community Whirlpool Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,697

Year Built

Built in 2007

Lot Details

0

HOA Fees

$362 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 66x100x65x113
  • Subdivision Name: WATERCOLOR
  • Directions: Located in Phase 2 of WaterColor, from Western Lake Dr go N on Red Cedar, home will be on your left
  • Architectural Style: Florida Cottage
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2007
  • Energy:AC - Central Elect: Yes
  • Rooms:Living Room: Yes
  • Rooms:Dining Room: Yes
  • Utilities:Community Water: Yes
  • Waterview:Lake2: Yes
  • Rooms:Separate Apartment: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Refrigerator W/IceMk, Stove/Oven Gas
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Interior Amenities: Built-In Bookcases, Ceiling Raised, Ceiling Tray/Cofferd, Floor Hardwood, Furnished - Some, Guest Quarters, Kitchen Island
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Interior:Floor Hardwood: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Ceiling TrayCofferd: Yes
  • Interior:Built-In Bookcases: Yes
  • Interior:Guest Quarters2: Yes

Exterior Features

  • Lot Features: Covenants, Within 1/2 Mile to Water, Wooded
  • View: Lake
  • Construction Type: Roof Metal
  • Exterior Features: Balcony, BBQ Pit/Grill, Columns, Guest Quarters, Summer Kitchen
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Covenants: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Balcony: Yes
  • Exterior:Columns: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Guest Quarters: Yes
  • Exterior:Summer Kitchen: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage Detached, Guest
  • Parking Features:Garage Detached: Yes
  • Parking Features:Guest: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Deed Access, Exercise Room, Marina, Pavillion/Gazebo, Pets Allowed, Pool, Tennis, Waterfront, Whirlpool
  • Association #2 Fee: 1085.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Management, Recreational Faclty, Cable TV

Schools

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

Lot Info

  • Parcel #: 15-3S-19-25415-000-0070
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 10697.37
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2015
Closed on
Mar 1, 2016
Sold by
Holditch Jerry F and Holditch Cynthia L
Bought by
Slaughter Mark and Slaughter Martha W
Seller's Agent
Scott Cobine
Berkshire Hathaway HomeServices
Buyer's Agent
Karen Wagner
St Joe Community Sales Inc
List Price
$1,500,000
Sold Price
$1,500,000
Current Estimated Value
$3,374,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,874,226
Avg. Annual Appreciation
8.92%
Original Mortgage
$1,125,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 10, 2008
Sold by
Reeves Charles W
Bought by
Holditch Jerry F and Holditch Cynthia L

Purchase Details

Closed on
Jan 3, 2005
Sold by
Shealy Steadman S and Shealey Ann
Bought by
Reeves Charles W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,800
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2003
Sold by
Blissett James M
Bought by
Shealy Steadman S and Shealy Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
5.42%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 27, 2002
Sold by
St Joe Arvida Home Building Lp
Bought by
Blissett James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,889
Interest Rate
6.27%
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
Slaughter Mark $1,500,000 Blue Title Llc
Holditch Jerry F $1,550,000 Mcneese Title Llc
Reeves Charles W $691,000 Mcneese Title Llc
Shealy Steadman S $390,000 Sunbelt Title Agency
Blissett James M $306,500 Sunbelt Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slaughter Mark $998,000
Closed Slaughter Mark $1,125,000
Previous Owner Reeves Charles $1,150,000
Previous Owner Reeves Charles W $552,800
Previous Owner Shealy Steadman S $351,000
Previous Owner Blissett James M $281,889
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2016 03/01/16 Sold $1,500,000 0.0% $516 / Sq Ft
01/01/2016 01/01/16 Pending -- -- --
09/05/2015 09/05/15 For Sale $1,500,000 -- $516 / 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
2024 $19,511 $2,750,972 $640,762 $2,110,210
2023 $19,511 $1,814,956 $0 $0
2022 $18,322 $2,341,186 $711,246 $1,629,940
2021 $15,106 $1,622,609 $622,099 $1,000,510
2020 $13,612 $1,363,604 $569,142 $794,462
2019 $13,152 $1,324,341 $552,565 $771,776
2018 $12,500 $1,253,648 $0 $0
2017 $12,162 $1,227,131 $520,846 $706,285
2016 $11,448 $1,144,085 $0 $0
2015 $11,077 $1,089,785 $0 $0
2014 $10,697 $1,071,984 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Scott Cobine

    Seller's Agent in 2016

    Scott Cobine

    Berkshire Hathaway HomeServices

    (850) 974-9055

    13 in this area

    74 Total Sales

    Scott Cobine
    Section Image

  • K

    Buyer's Agent in 2016

    Karen Wagner

    St Joe Community Sales Inc

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 737672

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25415-000-0070

Florida Walton County Santa Rosa Beach 32459 WaterColor

242 Red Cedar Way, Santa Rosa Beach, FL

This home is located at 242 Red Cedar Way, Santa Rosa Beach, FL 32459 since 05 September 2015 and is currently estimated at $3,374,226, approximately $1,161 per square foot. This property was built in 2007. 242 Red Cedar Way is a home located in Walton County with nearby schools including Bay Elementary School, Emerald Coast Middle School, and South Walton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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