NOT LISTED FOR SALE

Estimated Value: $5,771,000 - $6,759,494

7 Beds
8 Baths
5,143 Sq Ft
$1,214/Sq Ft Est. Value

Last Sold December 07, 2012

Last sale price $2,830,000 $550 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $36,946/month

Highlights

  • Heated In Ground Pool
  • Lake View
  • Florida Architecture
  • Dune Lakes Elementary School Rated A-
  • Vaulted Ceiling
  • Wood Flooring

About This Home

As of December 2012

Two Seventy Seven Western Lake Drive was conceived as a familial retreat and gathering home. Three separate interior gathering spaces, one on each floor, allow for families to break into smaller groups, while the great room allows large family gatherings. Large bedrooms allow for multiple families to gather, while abundant sleeping quarters allow for the extended family and friends to stay in a single home. Two living porches, one on each floor, encourage owners to enjoy the exquisite climate of Northwest Florida. The first floor living porch hearkens back to the Southern penchant for large covered outdoor spaces, while the fireplace acknowledges the occasional chilly Winter eve. The second floor living porch extends the dining area outdoors, allowing for spectacular sunset views across Western Lake and the white sand dunes. A third floor bonus porch offers higher views of the sand dunes and the Gulf. The Southern Vernacular design is typical of the Watercolor style. Deep porches provide areas of shade and coolness. The steep roof sheds rain quickly, while the deep overhangs both cool the house and shed the water away from the home. The southwest orientation allows for sunlight to light the interior brightly while taking advantage of the best views the house has to offer. The master bedrooms are on the southwest corner to allow for full sunlight through the day, while preventing direct sunlight in the early morning. The gathering spaces are all located to the south, again to allow for the best lighting and views available. The architect, Walt Chancey, designed, built, and still owns the first home in Watercolor. Through the years, he has developed, both through personal experience and design experience, an innate grasp of how a vacation home will be used by a large family. His understanding has driven the design of 277 Western Lake, and has created a design that reflects how a family will truly use a vacation home. This 3 story classic Southern home is situated on the last large, south-facing lot in Phase I. This fabulous home, includes 7 bedrooms, six full baths, and 2 half baths along with spacious living and dining areas, separate den/media room, office area and a huge 3rd floor game room with an outside deck offering beautiful views of the sunset over Western Lake and the Gulf. Features also include a 2 car garage, large swimming pool, outdoor fireplace and summer kitchen. Three spacious porches overlook the pool area while three additional porches welcome you from the street.Scheduled to be complete in late Spring '12. Purchase now and and choose your own finishes. All room dimensions to be verified by buyer.

Last Agent to Sell the Property

Michael Matz

William Raveis Real Estate License #3192079 Listed on: 12/07/2012

William Raveis Real Estate

Last Buyer's Agent

Michael Matz

Prudential Coastal Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,835

Year Built

  • Built in 2012 | Under Construction

Lot Details

  • Lot Dimensions are 70x100x71x100
  • Back Yard Fenced

HOA Fees

  • $354 Monthly HOA Fees

Home Design

  • Florida Architecture

Interior Spaces

  • 5,143 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Crown Molding
  • Vaulted Ceiling
  • Recessed Lighting
  • Fireplace
  • Living Room
  • Dining Room
  • Den
  • Play Room
  • Screened Porch
  • Wood Flooring
  • Lake Views
  • Fire and Smoke Detector

Kitchen

  • Walk-In Pantry
  • Self-Cleaning Oven
  • Cooktop with Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Automatic Garage Door Opener

Pool

  • Heated In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Covered Deck
  • Open Patio
  • Outdoor Kitchen

Schools

  • Van R Butler Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25401-000-0020

Community Details

Overview

  • Association fees include ground keeping, land recreation, recreational faclty, cable TV
  • Watercolor Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,835

Year Built

Built in 2012 | Under Construction

Lot Details

0

HOA Fees

$354 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 70X100X71X100
  • Road Frontage Type: City Street
  • Subdivision Name: WATERCOLOR
  • Directions: From CR30A make a right on Watercolor Blvd. North and then first left onto Western Lake Drive, house is on left.
  • Architectural Style: Florida Cottage
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2012
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Rooms:Living Room: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Rooms:Covered Porch: Yes
  • Waterview:Lake2: Yes
  • Rooms:Den: Yes
  • Rooms:Play Room: Yes
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Oven Self Cleaning, Range Hood, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Interior Amenities: Ceiling Crwn Molding, Ceiling Raised, Elevator, Fireplace, Floor Hardwood, Lighting Recessed, Pantry, Washer/Dryer Hookup
  • Interior:WasherDryer Hookup: Yes
  • Appliances:Cooktop: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Elevator: Yes
  • Interior:Floor Hardwood: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Appliances:Freezer: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Fireplace: Yes

Exterior Features

  • View: Lake
  • Construction Type: Slab
  • Exterior Features: Balcony, Deck Covered, Deck Enclosed, Fenced Back Yard, Fireplace, Patio Covered, Patio Enclosed, Patio Open, Pool - Heated, Pool - In-Ground, Porch Screened, Shower, Summer Kitchen
  • Property Condition: Under Construction
  • ConstructionSiding:Slab: Yes
  • Exterior:Balcony: Yes
  • Exterior:Deck Covered: Yes
  • Exterior:Patio Open: Yes
  • Construction Status:Under Construction: Yes
  • Exterior:Patio Covered: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Shower: Yes
  • Exterior:Fenced Back Yard: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:Porch Screened: Yes
  • Exterior:Fireplace2: Yes
  • Exterior:Patio Enclosed: Yes
  • Exterior:Deck Enclosed: Yes
  • Exterior:Summer Kitchen: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage
  • Appliances:Auto Garage Door Opn: Yes
  • Parking Features:Garage3: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool
  • Association #2 Fee: 1063.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Land Recreation, Recreational Faclty, Cable TV

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Parcel #: 15-3S-19-25401-000-0020
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2012
Closed on
Dec 7, 2012
Sold by
Barrett Square Holdings L L C
Bought by
Crossvine Llc
Seller's Agent
Michael Matz
William Raveis Real Estate
Buyer's Agent
Michael Matz
Prudential Coastal Properties
List Price
$2,830,000
Sold Price
$2,830,000
Current Estimated Value
$6,244,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,414,831
Avg. Annual Appreciation
6.22%

Purchase Details

Closed on
Mar 21, 2011
Sold by
Barrett Richard L and Barrett Kelly H
Bought by
Barrett Square Holdings L L C

Purchase Details

Closed on
Jun 15, 2004
Sold by
Altamura James M
Bought by
Barrett Richard L and Barrett Kelly H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.09%

Purchase Details

Closed on
Mar 7, 2003
Sold by
St Joe Arvida Home Building Lp
Bought by
Altamura 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
$436,500
Interest Rate
5.89%
Source: Public Records

Range of Values:

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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
Crossvine Llc $2,830,000 Attorney
Barrett Square Holdings L L C $635,000 None Available
Barrett Richard L $835,000 A Preferred Title
Altamura James M $485,000 Sunbelt Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barrett Richard L $300,000
Previous Owner Altamura James M $436,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2019 06/23/19 Off Market $2,830,000 -- --
12/07/2012 12/07/12 Sold $2,830,000 0.0% $550 / Sq Ft
12/07/2012 12/07/12 For Sale $2,830,000 -- $550 / Sq Ft
10/22/2012 10/22/12 Pending -- -- --
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 $39,835 $5,045,668 $1,280,018 $3,765,650
2023 $39,835 $3,732,443 $0 $0
2022 $37,587 $4,793,657 $1,420,820 $3,372,837
2021 $29,859 $3,084,664 $1,242,736 $1,841,928
2020 $32,004 $3,205,997 $1,136,947 $2,069,050
2019 $31,096 $3,131,169 $1,103,832 $2,027,337
2018 $30,173 $3,026,020 $0 $0
2017 $29,372 $2,963,522 $1,040,468 $1,923,054
2016 $29,024 $2,900,521 $0 $0
2015 $28,176 $2,771,869 $0 $0
2014 $27,258 $2,686,869 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 565400

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25401-000-0020