NOT LISTED FOR SALE

Estimated Value: $2,575,000 - $3,392,000

4 Beds
3.5 Baths
2,525 Sq Ft
$1,180/Sq Ft Est. Value

Last Sold October 14, 2020

Last sale price $1,949,825 $772 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $18,276/month

7 Days on Market

Highlights

  • Boat Dock
  • Beach
  • In Ground Pool
  • Bay Elementary School Rated A-
  • Deeded access to the beach
  • Fishing

About This Home

As of October 2020

Located on a corner lot in beautiful Watercolor Resort this four bedroom home is offered fully furnished, including a golf cart, and backs up to the conservation area by Western Lake. Five spacious porches totaling 1,350 square feet, private pool, outdoor fireplace and an open concept living, kitchen and dining area are just some of the special features of this property. The kitchen and all bathrooms have been recently renovated and all feature quartz countertops, new custom cabinetry, fixtures and lighting. Additionally, the exterior of the home was repainted in the last year. The second floor offers two master bedrooms, a guest bedroom, a fourth bedroom with two sets of built in bunks and a custom hall bunk area. Located just a short stroll to the beach or Camp Watercolor pool. Located on 499 acres in the renowned South Walton Beaches, Watercolor was created with families in mind and offers the charm of small town life.

Watercolor Resort is tucked between the beautiful beaches of the Emerald Coast and Western Lake, a natural 220-acre coastal dune lake. Watercolor is rich in natural beauty and offers exceptional community amenities which include a new homeowner owned gulf front beach club, featuring three pools, a full-service restaurant, new restrooms and easy beach-to-pool access. The recently updated Camp Watercolor offers a lazy river and slide, multiple pools, park, lush green spaces and food service. Enjoy miles of walking and bike trails, a boathouse offering kayaking, canoeing and paddle boarding, outstanding tennis facility and a short biking distance from the shops and restaurants in Seaside. Every year since 2013, Watercolor resort has received Forbes' Four Star designation, making it the most decorated property in northwest Florida and beginning in 2016, and every year since, the readers of Conde Nast Traveler voted it the region's number one resort.

Last Agent to Sell the Property

Cynthia Cobine

Scenic Sotheby's International Realty Brokerage Email: cindi@scenicsir.com License #3102606 Listed on: 09/11/2020

Scenic Sotheby's International Realty

Co-Listed By

Cliff Cohen

Scenic Sotheby's International Realty Brokerage Email: cindi@scenicsir.com License #541210

Scenic Sotheby's International Realty

Last Buyer's Agent

Cliff Cohen

Scenic Sotheby's International Realty Brokerage Email: cindi@scenicsir.com License #541210

Scenic Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,306

Year Built

  • Built in 2007 | Remodeled

Lot Details

  • Lot Dimensions are 55 x 100 x 53 x 100
  • Property fronts a private road
  • Partially Fenced Property

HOA Fees

  • $530 Monthly HOA Fees

Home Design

  • Beach House
  • Metal Roof
  • Cement Board or Planked

Interior Spaces

  • 2,525 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Fireplace
  • Window Treatments
  • Living Room
  • Dining Area
  • Screened Porch
  • Wood Flooring
  • Fire Sprinkler System

Kitchen

  • Gas Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Built-In Bunk Beds
  • En-Suite Primary Bedroom
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Deeded access to the beach
  • Lock
  • Built-In Barbecue

Schools

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

Utilities

  • Multiple cooling system units
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25415-000-0010

Community Details

Overview

  • Association fees include accounting, ground keeping, land recreation, legal, management, master, recreational faclty, security, cable TV, trash
  • Watercolor Subdivision
  • The community has rules related to covenants

Amenities

  • Picnic Area
  • Community Pavilion

Recreation

  • Boat Dock
  • Beach
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Fishing

Security

  • Building Fire Alarm

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,306

Year Built

Built in 2007 | Remodeled

Lot Details

0

HOA Fees

$530 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 55 x 100 x 53 x 100
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: EDR3
  • Co List Office Phone: 850-231-6052
  • Subdivision Name: WATERCOLOR
  • Directions: From Highway 395 at Publix turn onto W. Lake Forest Road into WaterColor. Take a left on Western Lake Drive and home is on the corner of Western Lake Drive and Red Cedar Way
  • Architectural Style: Beach House
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2007
  • ResoBuildingAreaSource: Appraiser
  • Attribution Contact: cindi@scenicsir.com
  • Utilities Electric: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Utilities:Community Water: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Laundry2: Yes
  • Rooms:Dining Area: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Natural: Yes
  • Rooms:Screened Porch: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Freezer, Microwave, Refrigerator W/IceMk, Stove/Oven Gas, Washer, Wine Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Floor Hardwood, Furnished - All, Hallway Bunk Beds, Kitchen Island, Lock Out, Owner's Closet, Renovated, Window Treatment All
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Interior:Floor Hardwood: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Appliances:Freezer: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Kitchen Island: Yes
  • Appliances:Wine Refrigerator: Yes
  • Interior:Hallway Bunk Beds: Yes

Exterior Features

  • Lot Features: Covenants, Restrictions, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • Construction Type: Roof Metal, Siding CmntFbrHrdBrd
  • Exterior Features: BBQ Pit/Grill, Fenced Lot-Part, Fireplace, Patio Enclosed, Pool - In-Ground, Porch, Porch Open, Porch Screened, Renovated
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Exterior:Fenced Lot-Part: Yes
  • Exterior:Porch: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:Restrictions: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Porch Open: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:Porch Screened: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Fireplace2: Yes
  • Exterior:Patio Enclosed: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, Dock, Exercise Room, Fishing, Pavillion/Gazebo, Pets Allowed, Picnic Area, Playground, Pool, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 1590.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Land Recreation, Legal, Management, Master Association, Recreational Faclty, Security, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 15-3S-19-25415-000-0010
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 11305.63
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2020
Closed on
Oct 14, 2020
Sold by
Paglialunga Carmelo and Reilly John F
Bought by
Yendys Properties Llc
Seller's Agent
Cynthia Cobine
Scenic Sotheby's International Realty
Buyer's Agent
Cliff Cohen
Scenic Sotheby's International Realty
List Price
$1,949,825
Sold Price
$1,949,825
Current Estimated Value
$2,980,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,030,525
Avg. Annual Appreciation
9.10%

Purchase Details

Listed on
May 27, 2017
Closed on
Jul 31, 2017
Sold by
Kalassian Kenneth G and Kalassian Josi
Bought by
Paglialunga Carmelo and Reilly John F
Seller's Agent
Jimmy Burgessbhhs Florida
Berkshire Hathaway HomeServices
Buyer's Agent
Cobine Cohen Group
Berkshire Hathaway HomeServices
List Price
$1,296,000
Sold Price
$1,296,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.57%
Original Mortgage
$999,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 30, 2009
Sold by
Vision Bank
Bought by
Kalassian Kenneth G and Kalassian Josi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,750
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2008
Sold by
Pope Kristen A
Bought by
Vision Bank
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
Yendys Properties Llc $1,949,825 Attorney
Paglialunga Carmelo $1,296,000 Attorney
Kalassian Kenneth G $765,000 Mcneese Title Llc
Vision Bank -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paglialunga Carmelo $999,000
Previous Owner Kalassian Kenneth G $697,947
Previous Owner Kalassian Kenneth G $726,750
Previous Owner Pope Kristen A $1,150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2020 10/14/20 Sold $1,949,825 0.0% $772 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
09/11/2020 09/11/20 For Sale $1,949,825 +50.4% $772 / Sq Ft
07/31/2017 07/31/17 Sold $1,296,000 0.0% $542 / Sq Ft
06/26/2017 06/26/17 Pending -- -- --
05/27/2017 05/27/17 For Sale $1,296,000 -- $542 / 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 $18,078 $2,438,481 $640,762 $1,797,719
2023 $18,078 $1,751,406 $0 $0
2022 $16,828 $2,064,928 $711,246 $1,353,682
2021 $14,011 $1,447,443 $622,099 $825,344
2020 $11,940 $1,196,066 $569,142 $626,924
2019 $11,306 $1,138,418 $552,565 $585,853
2018 $10,754 $1,078,484 $0 $0
2017 $10,448 $1,054,121 $520,846 $533,275
2016 $10,285 $1,027,774 $0 $0
2015 $9,819 $977,349 $0 $0
2014 $9,321 $936,927 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 855194

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25415-000-0010