NOT LISTED FOR SALE

Estimated Value: $3,935,000 - $4,696,000

5 Beds
5.5 Baths
4,015 Sq Ft
$1,049/Sq Ft Est. Value

Last Sold August 29, 2018

Last sale price $1,960,000 $488 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $25,686/month

269 Days on Market

Highlights

  • Beach
  • Fishing
  • Newly Painted Property
  • Bay Elementary School Rated A-
  • Maid or Guest Quarters
  • Vaulted Ceiling

About This Home

As of August 2018

**BEST DEAL IN WATERCOLOR** NEVER RENTED & IMMACULATE, this spacious 5 bedroom + bonus room, custom home is perfectly positioned in the desirable Lake District. 29 Silk Grass Lane is well-designed with all bedrooms including en-suite bathrooms and an open floor concept with quality workmanship, throughout. Featuring 3 master suites, a bonus room ideal for a bunk-room, study or media room, quartz countertops, beautiful wide-plank hardwood flooring, nickel gap tongue and groove walls, large screened porches facing a quiet nature preserve, detached 1 bedroom guest house with full kitchen and living area, 2 car garage, ample storage spaces, and surround sound. Located in Phase 3, this home is steps to the famous Frog pool, and the pedestrian bridge leading to the Town center. Watercolor is a family-friendly, 500 acre coastal resort, tucked between the Gulf of Mexico and a coastal dune lake framed by a long leaf pine forest. Throughout the beautifully landscaped grounds, trails wind through stunning parks, green spaces, several pools, playgrounds, tennis courts, boutiques, restaurants, and a private beach located along Scenic 30A.

Last Agent to Sell the Property

Lisa Neal

Berkshire Hathaway HomeServices License #no data Listed on: 11/01/2017

Berkshire Hathaway HomeServices

Last Buyer's Agent

Murray Balkcom

30A Local Real Estate License #3069939

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,038

Year Built

  • Built in 2010 | Remodeled

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 37'x120'x80'x120'

HOA Fees

  • $472 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Guest Parking

Home Design

  • Florida Architecture
  • Newly Painted Property
  • Metal Roof
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 4,015 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Built-in Bookshelves
  • Vaulted Ceiling
  • Ceiling Fan
  • Family Room
  • Dining Area
  • Bonus Room
  • Screened Porch
  • Home Security System

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Gas Oven or Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Pool

  • Outdoor Shower

Schools

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

Utilities

  • Multiple cooling system units
  • Central Air
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25420-000-0200

Community Details

Overview

  • Association fees include accounting, ground keeping, management, recreational faclty, cable TV
  • Watercolor Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Beach
  • Community Playground
  • Community Pool
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,038

Year Built

Built in 2010 | Remodeled

Lot Details

0

HOA Fees

$472 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • Lot Size: 37'x120'x80'x120'
  • Subdivision Name: WATERCOLOR
  • Directions: From Hwy 395 turn on W Lake Forest Dr., right at stop sign and follow to Needlerush Dr., left on Needlerush Dr., left Scrub Oak Circle, right on Silk Grass Ln. Home fronts Scrub Oak Circle.
  • Architectural Style: Florida Cottage
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2010
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Energy:AC - Central Elect: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Bonus Room: Yes
  • Rooms:Dining Area: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Natural: Yes
  • Energy:Water Heater - Gas: Yes
  • Rooms:Family Room: Yes
  • Rooms:Separate Apartment: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range Hood, Refrigerator W/IceMk, Security System, Stove/Oven Gas
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Interior Amenities: Breakfast Bar, Built-In Bookcases, Ceiling Raised, Ceiling Vaulted, Floor Hardwood, Floor Marble, Furnished - Some, Guest Quarters, Newly Painted, Owner's Closet, Pantry, Renovated
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Ceiling Vaulted: Yes
  • Interior:Newly Painted: Yes
  • Appliances:Security System: Yes
  • Interior:Built-In Bookcases: Yes
  • Interior:Floor Marble: Yes
  • Interior:Guest Quarters2: Yes

Exterior Features

  • Lot Features: Survey Available, Within 1/2 Mile to Water
  • Construction Type: Foundation On Piling, Roof Metal, Siding CmntFbrHrdBrd
  • Exterior Features: Guest Quarters, Porch, Porch Screened, Shower
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Exterior:Porch: Yes
  • Lot Features:Survey Available: Yes
  • ConstructionSiding:Roof Metal: Yes
  • ConstructionSiding:Foundation On Piling: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Shower: Yes
  • Exterior:Porch Screened: Yes
  • Exterior:Guest Quarters: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage Detached, Guest
  • Rooms:Garage5: Yes
  • Parking Features:Garage Detached: Yes
  • Parking Features:Guest: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Fishing, Picnic Area, Playground, Pool
  • Association #2 Fee: 1415.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Management, Recreational Faclty, Cable TV

Schools

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

Lot Info

  • Lot Size Sq Ft: 6969.6
  • Parcel #: 15-3S-19-25420-000-0200
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 15037.56
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2020
Sold by
Sierks Kevin J
Bought by
Mykonos On The Gulf Llc
Current Estimated Value
$4,210,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,911,700
Outstanding Balance
$1,385,798
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$2,877,619

Purchase Details

Closed on
Feb 24, 2020
Sold by
Mykonos On The Gulf Llc
Bought by
Sierks Kevin J

Purchase Details

Listed on
Nov 1, 2017
Closed on
Sep 14, 2018
Sold by
Sierks Kevin J
Bought by
Mykonios On The Gulf Llc
Seller's Agent
Lisa Neal
Berkshire Hathaway HomeServices
Buyer's Agent
Murray Balkcom
30A Local Real Estate
List Price
$1,960,000
Sold Price
$1,960,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.76%
Original Mortgage
$196,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 1, 2017
Closed on
Aug 29, 2018
Sold by
Mccown David Layton and Mccown Teresa
Bought by
Sierks Kevin J
Seller's Agent
Lisa Neal
Berkshire Hathaway HomeServices
Buyer's Agent
Murray Balkcom
30A Local Real Estate
List Price
$1,960,000
Sold Price
$1,960,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2009
Sold by
Colonial Bank Na
Bought by
Mccown David Layton and Mccown Teresa

Purchase Details

Closed on
Oct 14, 2008
Sold by
Miller Jerry
Bought by
Colonial Bank Na

Purchase Details

Closed on
Dec 27, 2004
Sold by
Hale Douglas and Quinn Simon
Bought by
Jerry Miller Llc and Quinn Simon Zachary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 9, 2004
Sold by
Jerry Miller Llc
Bought by
Hale Douglas and Quinn Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2003
Sold by
St Joe Arvida Homebuilding Lp
Bought by
Jerry Miller Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
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
Mykonos On The Gulf Llc -- Destination Title Llc
Sierks Kevin J -- Destination Title Llc
Mykonios On The Gulf Llc -- Attorney
Sierks Kevin J $1,960,000 Emerald Coast Title Svcs Llc
Mccown David Layton $225,000 South Walton Title Inc
Colonial Bank Na -- Attorney
Jerry Miller Llc $735,000 Mcneese Title Llc
Hale Douglas $650,000 --
Jerry Miller Llc $236,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sierks Kevin J $1,911,700
Previous Owner Sierks Kevin J $196,000
Previous Owner Jerry Miller Llc $1,200,000
Previous Owner Hale Douglas $585,000
Previous Owner Jerry Miller Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2018 08/29/18 Sold $1,960,000 0.0% $488 / Sq Ft
07/28/2018 07/28/18 Pending -- -- --
11/01/2017 11/01/17 For Sale $1,960,000 -- $488 / 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 $27,280 $3,604,274 $753,636 $2,850,638
2023 $27,280 $2,418,713 $0 $0
2022 $24,168 $3,063,374 $836,536 $2,226,838
2021 $19,349 $1,998,936 $731,685 $1,267,251
2020 $16,620 $1,664,918 $669,400 $995,518
2019 $16,141 $1,625,284 $649,903 $975,381
2018 $15,664 $1,570,940 $0 $0
2017 $15,331 $1,546,773 $612,596 $934,177
2016 $15,038 $1,502,765 $0 $0
2015 $14,572 $1,433,562 $0 $0
2014 -- $1,487,004 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 785948

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25420-000-0200