264 Grace Point Way Alys Beach, FL 32461
Watersound NeighborhoodEstimated payment $51,611/month
Total Views
7,099
7
Beds
9
Baths
7,391
Sq Ft
$1,190
Price per Sq Ft
Highlights
- Beach
- Gunite Pool
- Gated Community
- Bay Elementary School Rated A-
- Gulf View
- Atrium Room
About This Home
Welcome to 264 Grace Point Way, a breathtaking coastal residence nestled within the exclusive, boutique enclave of Grace Point. Set along Florida's iconic Emerald Coast, this extraordinary home offers the rare blend of refined architectural design, resort-style amenities, and seamless access to the private Watersound Beach Club—creating a lifestyle that is as effortless as it is luxurious. Encompassing just under 7,400 square feet, this seven-bedroom, nine-bathroom estate has been meticulously crafted to elevate everyday living. Upon entry, you're welcomed by a soaring three-story atrium, awash in natural light and grounded in timeless elegance. This dramatic space offers an immediate sense of grandeur and serenity, establishing the tone for the thoughtfully curated interiors that follow. Positioned on the second floor to maximize panoramic Gulf views, the main living area is both expansive and intimate. Walls of glass draw the eye outward toward the horizon, while soft textures and organic materials create a warm, modern ambiance. The open-concept design seamlessly blends living, dining, and culinary spaces, anchored by a gourmet kitchen featuring premium appliances, a generous center island, and finely crafted custom cabinetry. Tucked discreetly behind, a full butler's kitchen adds functionality and ease when hosting, catering, or preparing private meals. Step through sliding glass doors to one of the home's most spectacular features: an expansive second-level terrace that redefines outdoor living. Designed to capture every Gulf breeze and golden sunset, this private oasis boasts a sparkling pool, a covered lounge area, and a fully equipped outdoor kitchen complete with a built-in grill, bar seating, sink, and refrigeration. Perfect for both quiet mornings and lively evenings, this elevated retreat creates a seamless connection between indoors and out, framed by the sound of the waves and the rhythm of coastal life. Each of the home's seven bedrooms is a sanctuary of its own, complete with an ensuite bath and serene, private ambiance. The third-floor primary suite offers an exceptional escape complete with an indulgent spa-inspired bath, soaking tub, and oversized walk-in shower. Generous closet space, refined finishes, and Gulf views round out the experience, while several guest suites enjoy private balconies or direct access to the home's outdoor areas providing privacy and luxury for everyone who stays.
Entertainment is central to the home's thoughtful layout, with a media room often referred to as a man cave serving as a welcoming haven for movie nights, game days, or casual gatherings. A dedicated home office provides an elegant and productive space for remote work or quiet reflection. With an elevator servicing all three levels, and two full laundry rooms positioned for convenience, every element of the home has been designed with modern living in mind.
Beyond its stunning interiors, what truly elevates 264 Grace Point Way is its location within one of 30A's most exclusive neighborhoods. Grace Point is a private, gated coastal community where timeless architecture and curated landscaping come together in a peaceful, intimate setting. As one of the very few communities with direct gated access into the Watersound Beach Club, residents with a membership can enjoy a resort-style environment just moments from home. From lazy river pools and private cabanas to exceptional dining, the Beach Club is the heartbeat of this unparalleled lifestyle. More than just a home, 264 Grace Point Way is a statement of living well. It's a place where refined coastal design meets effortless luxury, where every space invites connection, comfort, and calm. Whether you are seeking a full-time residence, a vacation retreat, or a legacy property for generations to come, this home delivers on every level.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $33,252
Year Built
- Built in 2023
Lot Details
- Lot Dimensions are 64 x 108
- Street terminates at a dead end
- Partially Fenced Property
- Sprinkler System
HOA Fees
- $267 Monthly HOA Fees
Home Design
- Beach House
- Shingle Roof
Interior Spaces
- 7,391 Sq Ft Home
- 3-Story Property
- Elevator
- Shelving
- Woodwork
- Crown Molding
- Paneling
- Beamed Ceilings
- Vaulted Ceiling
- Recessed Lighting
- Gas Fireplace
- Double Pane Windows
- Living Room
- Home Office
- Atrium Room
- Gulf Views
Kitchen
- Breakfast Bar
- Walk-In Pantry
- Gas Oven or Range
- Self-Cleaning Oven
- Stove
- Microwave
- Ice Maker
- Dishwasher
- Wine Refrigerator
- Kitchen Island
- Disposal
Flooring
- Wood
- Painted or Stained Flooring
- Marble
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- En-Suite Primary Bedroom
- Dual Vanity Sinks in Primary Bathroom
- Shower Only in Primary Bathroom
Laundry
- Dryer
- Washer
Home Security
- Storm Windows
- Storm Doors
Parking
- Attached Garage
- Automatic Garage Door Opener
Pool
- Gunite Pool
- Outdoor Shower
Outdoor Features
- Balcony
- Covered Deck
- Enclosed patio or porch
- Outdoor Kitchen
- Terrace
- Built-In Barbecue
Additional Homes
- Dwelling with Separate Living Area
Schools
- Dune Lakes Elementary School
- Emerald Coast Middle School
- South Walton High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Two Heating Systems
- Tankless Water Heater
- Multiple Water Heaters
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 20-3S-18-16311-000-0030
Community Details
Overview
- Grace Point Subdivision
- The community has rules related to covenants
Recreation
- Beach
Security
- Gated Community
Map
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Home Values in the Area
Average Home Value in this Area
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 | $16,654 | $3,640,318 | $1,832,812 | $1,807,506 |
| 2023 | $16,654 | $1,832,812 | $1,832,812 | $0 |
| 2022 | $20,473 | $2,254,110 | $2,254,110 | $0 |
| 2021 | $19,084 | $1,971,582 | $1,971,582 | $0 |
| 2020 | $18,006 | $1,803,750 | $1,803,750 | $0 |
| 2019 | $1,493 | $150,301 | $150,301 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Pending | -- | -- | -- |
| 05/02/2025 05/02/25 | For Sale | $8,795,000 | -- | $1,190 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $5,750,000 | None Listed On Document | |
| Warranty Deed | $2,000,000 | Porath & Associates Pa | |
| Warranty Deed | $2,000,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $3,700,000 | New Conventional | |
| Previous Owner | $3,700,000 | New Conventional |
Source: Public Records
About the Listing Agent
With nearly 30 years of experience, Hilary Farnum-Fasth is a recognized leader in luxury and new development real estate, setting the standard for excellence along 30A and beyond. Her deep market expertise, strategic foresight, and ability to bring high-end communities to life have made her an indispensable partner to developers, investors, and discerning buyers.
Hilary’s career began in new construction, where she played a pivotal role in the early development of WaterSound Beach
Hilary's Other Listings
-
$3,484,000 New Construction
- 4 Beds
- 4.5 Baths
- 2,617 Sq Ft
- 65 Grace Point Way
- Unit C1
- Panama City Beach, FL
-
$3,499,000 New Construction
- 4 Beds
- 4.5 Baths
- 2,677 Sq Ft
- 65 Grace Point Way
- Unit B3
- Panama City Beach, FL
-
$4,299,000 Open Thu 1:30PM - 5PM
- 5 Beds
- 5.5 Baths
- 3,500 Sq Ft
- 80 Shore Bridge Cir
- Panama City Beach, FL
Source: Emerald Coast Association of REALTORS®
MLS Number: 975369
APN: 20-3S-18-16311-000-0030
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