NOT LISTED FOR SALE

Estimated Value: $6,379,000 - $8,007,808

5 Beds
7 Baths
5,047 Sq Ft
$1,479/Sq Ft Est. Value

Sale Details

Date Sold: October 15, 2024

Last sale price $11,500,000 $2,279 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $47,459 / mo

11 Days on Market

Highlights

  • Beach
  • Fitness Center
  • Primary Bedroom Suite
  • Deeded access to the beach
  • In Ground Pool
  • 0.17 Acre Lot

About This Home

As of October 2024

Nestled within the especial community of Alys Beach, 285 N Somerset Street stands as a timeless masterpiece of coastal luxury and elegance whilst channeling the captivating blend of Greek-inspired architecture, artistic elegance, and fortified construction. Upon initial approach, the cobblestone drive and gas lantern-lit entry lead way to the true four-season living corridor lined with bi-fold doors while providing seamless access to the main residence which spans over five thousand square feet in addition to the courtyard, dedicated outdoor dining area, and separate guest quarters. Bordered by lush vegetation overlooking the preserve area to the North, Lake Marilyn frontage to the West, and anchored by one of the largest private pools within the community, the courtyard provides a true oasis perfectly positioned to capture the coastal breeze and famed Emerald Coast sunsets providing a new palate of mesmerizing hues each and every night. An outdoor kitchen outfitted with a Twin Eagles Grilling station, a sunning deck, and a turfed conversation area are also nestled within the courtyard.

Upon entering the main residence, attention is immediately drawn to the array of hand-selected exotic finishes and expertly curated interiors planned by the acclaimed Dallas-based team at SHM Architects and executed by the esteemed design team at Avrea and Company. Soaring pecky cypress-lined ceilings, Venetian plastered walls, a floor-to-ceiling window wall providing abundant natural light, and a fully equipped wet bar accented with stunning Zellige tilework define the living area.

Abutting to the living area, the gourmet kitchen boasts custom cabinetry with Rocky Mountain Hardware, an oversized island with waterfall marble tops and integrated seating, a walk-in pantry, and a custom-crafted dining table with seating for ten. The luxury appliance suite includes dual Sub Zero refrigeration, an Officine Gullo range imported from Italy, and dedicated wine refrigeration.

Accessed by a pivoting door that doubles as a work of art, the first-floor main suite encompasses a sitting area, direct access to the courtyard, and a sumptuous ensuite with dual vanities, custom tiled wet room with steam generation, soaking tub , heated marble floors, separate water closet, and an expansive walk-in wardrobe. Two powder rooms, a laundry area, and a two-car garage complete the first level.

Situated on the second level, the sprawling bunk room was configured with family gatherings in mind offering sleeping accommodations for eight in addition to the attached ensuite with the custom three-fixture vanity, contrasting blue tiled wet room, and separate water closet. Two additional fully equipped guest suites are also found on the second floor along with the shuttered outdoor patio overlooking the courtyard and preserve.

Reigning on over one hundred and fifty acres along Scenic Highway 30A, the master-planned community of Alys Beach affords residents with a culmination of amenities including access to the sugar white sand and iconic turquoise-hued waters, the distinguished Caliza pool, the Zuma wellness center, a twenty-two-acre nature preserve, an exclusive beach club, and the vibrant town center with world-class dining and shopping venues. The meticulously planned interiors coupled with the peerless finishes and prime homesite placement offering a heightened sense of privacy make 285 N Somerset Street a unique and compelling opportunity for investors and full-time residents alike. Inquire today to coordinate a private viewing and start living the coastal lifestyle you deserve.

Last Agent to Sell the Property

Hilary & Jacob

Corcoran Reverie SRB Listed on: 08/25/2024

Co-Listed By

Colgan Simon Wright

Corcoran Reverie SRB

Last Buyer's Agent

Randy Carroll

Scenic Sotheby's International Realty License #3278329

Scenic Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $63,916

Year Built

  • Built in 2021

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 85 x 90

HOA Fees

  • $898 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Beach House
  • Concrete Siding

Interior Spaces

  • 5,047 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Beamed Ceilings
  • Living Room

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Gas Oven or Range
  • Range Hood
  • Microwave
  • Freezer

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • 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

  • In Ground Pool
  • Deeded access to the beach
  • Open Patio
  • Built-In Barbecue
  • Porch

Schools

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

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 26-3S-18-16400-00H-0040

Community Details

Overview

  • Alys Beach Subdivision

Amenities

  • Sauna

Recreation

  • Beach
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Exercise Course
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$63,916

Year Built

Built in 2021

Lot Details

7,405 Sq Ft Lot

HOA Fees

$898 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Lot Size: 85 x 90
  • Co List Office Mls Id: EHJM
  • Co List Office Phone: 850-231-5030
  • Subdivision Name: ALYS BEACH
  • Directions: Heading east on Hwy 30A take a left onto N Somerset home will be located on the left.
  • Architectural Style: Beach House
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2021
  • Remarks Misc:Remarks: Nestled within the especial community of Alys Beach, 285 N Somerset Street stands as a timeless masterpiece of coastal luxury and elegance whilst channeling the captivating blend of Greek-inspired architecture, artistic elegance, and fortified construction. Upon initial approach, the cobblestone drive and gas lantern-lit entry lead way to the true four-season living corridor lined with bi-fold doors while providing seamless access to the main residence which spans over five thousand square feet in addition to the courtyard, dedicated outdoor dining area, and separate guest quarters.
  • 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
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Natural: Yes
  • Utilities:Underground: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Freezer, Microwave, Range Hood, Stove/Oven Gas, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Interior Amenities: Breakfast Bar, Ceiling Beamed, Furnished - Some, Pantry
  • Master Bedroom:First: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Appliances:Freezer: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Ceiling Beamed: Yes

Exterior Features

  • Pool Features: Pool Type
  • Construction Type: Concrete
  • Exterior Features: BBQ Pit/Grill, Guest Quarters, Patio Open, Pool - In-Ground, Porch Open
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • Exterior:Patio Open: Yes
  • Exterior:Porch Open: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Guest Quarters: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes
  • Rooms:Garage5: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water, TV Cable, Underground
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, Exercise Room, Playground, Pool, Sauna/Steam Room, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 2693.88
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 26-3S-18-16400-00H-0040
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 63916.5
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2024
Closed on
Oct 15, 2024
Sold by
Bought by
Seller's Agent
Hilary & Jacob
Corcoran Reverie SRB
Buyer's Agent
Randy Carroll
Scenic Sotheby's International Realty
List Price
$12,259,000
Sold Price
$11,500,000
Premium/Discount to List
-$759,000
-6.19%
Views
20
Current Estimated Value
$7,464,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,035,397
Avg. Annual Appreciation
-21.34%

Purchase Details

Closed on
Jul 17, 2017
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$11,500,000 Scenic Title
$1,079,000 Reli Title Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/15/2024 10/15/24 Sold $11,500,000 -6.2% $2,279 / Sq Ft
09/05/2024 09/05/24 Pending -- -- --
08/25/2024 08/25/24 For Sale $12,259,000 -- $2,429 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $66,860 $7,026,302 $1,415,880 $5,610,422
2024 $65,221 $6,919,611 $1,415,880 $5,503,731
2023 $65,221 $6,627,561 $0 $0
2022 $59,101 $6,034,304 $1,108,493 $4,925,811
2021 $13,267 $999,313 $999,313 $0
2020 $11,540 $914,211 $914,211 $0
2019 $11,229 $887,607 $887,607 $0
2018 $11,970 $957,507 $0 $0
2017 $11,644 $930,382 $930,382 $0
2016 $11,301 $894,612 $0 $0
2015 $10,749 $836,114 $0 $0
2014 $9,752 $760,104 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 957690

Emerald Coast Association of REALTORS®

APN: 26-3S-18-16400-00H-0040

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