Seller's Agent in 2025
Hilary Farnum-Fasth
Corcoran Reverie SRB
(850) 685-0171
6 in this area
67 Total Sales
37 S Compass Point Way Unit 107 Inlet Beach, FL 32461
Watersound Neighborhood
3
Beds
3.5
Baths
2,450
Sq Ft
$2,743/mo
HOA Fee
Highlights
- Beach
- Deeded access to the beach
- Gulf View
- Dune Lakes Elementary School Rated A-
- Fishing
- Gated Community
About This Home
As of August 2025Priced $600K under recent appraisal and designed by the acclaimed Graham Gund Architects, Compass Point II emulates the coastal Nantucket architecture found throughout WaterSound Beach. With only twenty-five residence style units, the low-density complex is strategically positioned behind the crystalline white sandy beaches and established dune vegetation offering short views of the local habitat and long views out to the sea. Residence 107 features the U1 configuration encompassing nearly 2,500 square feet of thoughtfully planned living space on one single level in addition to a one-car garage.
The three-bedroom unit has been recently transformed featuring a host of desirable upgrades. Throughout the entire space, hardwood flooring and wainscot paneling add a touch of timeless eleganc The thoughtfully equipped kitchen showcases luxury appliances, guaranteeing a superior level of culinary convenience. Abundant natural light bathes each room, courtesy of floor-to-ceiling windows adorned with classic plantation shutters. The primary bedroom, complete with a walk-in closet, provides a particularly private and spacious retreat. The open-plan living and dining room exude understated elegance, featuring built-ins that offer both desk space and storage. The focal point of this space is the octagonal-shaped bay, adorned with several doors opening onto the expansive screened porch.
WaterSound Beach resides on 1,400 acres and over a mile of private Gulf frontage. The culmination of amenities and exclusiveness affords residents with the epitome of private coastal living while remaining geographically poised near the world-class dining and entertainment venues 30A has to offer. Notable amenities include a heated community swimming pool, fitness center, pedestrian bridges, and multiple community parks. 2021 Golf Cart with new lithium batteries is also included with the sale. Inquire today to schedule a private viewing and start living the coastal lifestyle you deserve.
Last Agent to Sell the Property
Corcoran Reverie SRB License #662303 Listed on: 06/02/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $13,067
Year Built
- Built in 2005
HOA Fees
- $2,743 Monthly HOA Fees
Parking
- 1 Car Detached Garage
Home Design
- Newly Painted Property
- Slab Foundation
- Composition Shingle Roof
- Concrete Siding
- Steel Siding
- Wood Trim
- Cement Board or Planked
Interior Spaces
- 2,450 Sq Ft Home
- 4-Story Property
- Furnished
- Built-in Bookshelves
- Woodwork
- Crown Molding
- Ceiling Fan
- Window Treatments
- Living Room
- Screened Porch
- Gulf Views
Kitchen
- Breakfast Bar
- Gas Oven or Range
- Stove
- Range Hood
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Painted or Stained Flooring
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Dressing Area
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower in Primary Bathroom
- Garden Bath
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- Deeded access to the beach
Schools
- Dune Lakes Elementary School
- Emerald Coast Middle School
- South Walton High School
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 20-3S-18-16030-000-0107
Community Details
Overview
- Association fees include master, security, cable TV
- 25 Buildings
- 25 Units
- Watersound Beach Subdivision
Amenities
- Community Barbecue Grill
- Picnic Area
- Recreation Room
Recreation
- Beach
- Community Pool
- Fishing
Pet Policy
- Pets Allowed
Security
- Gated Community
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 2, 2025
Closed on
Aug 5, 2025
Sold by
Callahan Teresa
Bought by
Walton Accommodations 227 Llc
Seller's Agent
Hilary Farnum-Fasth
Corcoran Reverie SRB
Buyer's Agent
Hilary Farnum-Fasth
Corcoran Reverie SRB
List Price
$2,360,000
Sold Price
$2,100,000
Premium/Discount to List
-$260,000
-11.02%
Views
27
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
354.25%
Original Mortgage
$1,861,100
Outstanding Balance
$1,555,250
Interest Rate
6.75%
Mortgage Type
Construction
Estimated Equity
$925,153
Purchase Details
Closed on
Jul 24, 2020
Sold by
Shoes And Cows In The Sand Llc
Bought by
Callahan Teresa
Purchase Details
Closed on
Jan 3, 2008
Sold by
Compass Point At Watersound Owners Assn
Bought by
Shoes & Cows In The Sand Llc
Purchase Details
Closed on
Jul 13, 2005
Sold by
St Joe Home Building Lp
Bought by
Shoes & Cows In The Sand Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,100,000 | None Listed On Document | |
| Warranty Deed | $1,100,000 | Attorney | |
| Warranty Deed | -- | Attorney | |
| Special Warranty Deed | $1,325,000 | Residential Cmnty Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,861,100 | Construction | |
| Previous Owner | $750,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | Sold | $2,100,000 | 0.0% | $857 / Sq Ft |
| 07/20/2025 07/20/25 | Pending | -- | -- | -- |
| 07/09/2025 07/09/25 | Price Changed | $2,100,000 | -8.7% | $857 / Sq Ft |
| 06/24/2025 06/24/25 | Price Changed | $2,300,000 | -2.5% | $939 / Sq Ft |
| 06/02/2025 06/02/25 | Price Changed | $2,360,000 | 0.0% | $963 / Sq Ft |
| 06/02/2025 06/02/25 | For Sale | $2,360,000 | -5.2% | $963 / Sq Ft |
| 04/01/2025 04/01/25 | Pending | -- | -- | -- |
| 03/26/2025 03/26/25 | Price Changed | $2,490,000 | -4.2% | $1,016 / Sq Ft |
| 03/14/2025 03/14/25 | Price Changed | $2,599,000 | -3.3% | $1,061 / Sq Ft |
| 11/14/2024 11/14/24 | Price Changed | $2,689,000 | -3.8% | $1,098 / Sq Ft |
| 08/21/2024 08/21/24 | Price Changed | $2,795,000 | -3.5% | $1,141 / Sq Ft |
| 07/02/2024 07/02/24 | For Sale | $2,895,000 | -- | $1,182 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Tax History Compared to Growth
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 | $13,067 | $1,556,363 | -- | $1,556,363 |
| 2023 | $13,067 | $1,334,025 | $0 | $0 |
| 2022 | $12,125 | $1,414,875 | $0 | $1,414,875 |
| 2021 | $10,672 | $1,102,500 | $0 | $1,102,500 |
| 2020 | $12,860 | $1,288,259 | $0 | $1,288,259 |
| 2019 | $11,631 | $1,171,149 | $0 | $1,171,149 |
| 2018 | $11,082 | $1,137,045 | $0 | $0 |
| 2017 | $10,322 | $1,093,313 | $0 | $1,093,313 |
| 2016 | $9,724 | $1,041,250 | $0 | $0 |
| 2015 | $9,705 | $1,080,450 | $0 | $0 |
| 2014 | $8,279 | $857,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Hilary Farnum-Fasth
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 952032
APN: 20-3S-18-16030-000-0107
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