NOT LISTED FOR SALE

37 S Compass Point Way Unit 423 Inlet Beach, FL 32461

Watersound Neighborhood

Estimated Value: $3,072,000 - $4,243,000

3 Beds
3.5 Baths
2,450 Sq Ft
$1,869/mo HOA Fee

Last Sold December 27, 2023

Last sale price $4,300,000 $1,755 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $25,141/month

23 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Vaulted Ceiling
  • Bay Elementary School Rated A-
  • Gated Community
  • Main Floor Primary Bedroom

About This Home

As of December 2023

This luxury penthouse dares to challenge convention with a semi-octagonal floor plan that maximizes gulf-front views within the exclusive WaterSound development. Soaring 20-foot ceilings, oversized windows and an interesting open floor plan create a fabulous beach home that can never be termed 'dull and boring.' Coastal architecture includes the best of Southern living with deep porches and wide overhangs creating shady seating areas with unobstructed dune and gulf views. Turn-key, fully furnished and designed by Graham Gund Architects of Boston, this stunning beach home boasts wide-plank flooring and fabulous decor and furnishings by VLG Interiors. The entire space was inspired by the shimmering Gulf of Mexico, uniting comfortable living spaceThe hub of the angular great room is the seating area where you can relax, socialize or just enjoy the mesmerizing gulf views through multi-aspect windows. There's a designated dining area, office space, wet bar with wine refrigerator and a huge island heralding the gourmet kitchen. Sip drinks on tall dining stools while admiring the gorgeous veined quartzite countertops, backsplash and Viking stainless appliances. Gulf-inspired shades of blue create a light, bright living space beneath the rustic timbered ceiling. Tucked out of sight, there's a spacious laundry and half bath. Doors open onto the wraparound deck space allowing owners to enjoy the stunning dune and gulf views from the comfort and tranquility of their own beautifully furnished hideaway. Large closets, coastal decor and a Whirlpool soaking tub feature in the master suite with two further guest beds and four baths rounding off the accommodation. WaterSound is renowned for its amenities including gated security, neighborhood pools, walking trails, a puttering park and shopping and dining, which are all golf-cart accessible. Located between Deer Lake State Park and Camp Creek Lake, the area abounds with recreational opportunities for hiking, fishing, kayaking and paddleboarding. The property also includes a full St. Joe membership, opening the door to world-class golf and tennis facilities.

Last Listed By

Mark Braddock

Christies International Real Estate Emerald Coast License #3295352 Listed on: 11/10/2023

Christies International Real Estate Emerald Coast

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,763

Year Built

  • Built in 2005

Lot Details

  • 1,263

HOA Fees

  • $1,869 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Wallpaper

Interior Spaces

  • 2,450 Sq Ft Home
  • 4-Story Property
  • Furnished
  • Vaulted Ceiling
  • Living Room
  • Gulf Views

Kitchen

  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom
  • Garden Bath

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Covered Deck

Schools

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

Additional Features

  • Property fronts gulf or ocean
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 20-3S-18-16030-000-0423

Community Details

Overview

  • Association fees include accounting, ground keeping, internet service, legal, management, repairs/maintenance
  • 25 Buildings
  • 25 Units
  • Watersound Beach Subdivision

Amenities

  • Recreation Room
  • Elevator

Recreation

  • Beach
  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated Community
  • Building Fire Alarm
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,763

Year Built

Built in 2005

Lot Details

0

HOA Fees

$1,869 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: EDR5
  • Co List Office Phone: 850-231-6052
  • Subdivision Name: WATERSOUND BEACH
  • Directions: From Hwy 98 turn onto South Hwy 395, turn east onto Scenic Hwy 30A, turn south into WaterSound Beach. From the gatehouse continue down Watersound Way to the end and take a left.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 2005
  • Utilities Electric: Yes
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 25
  • Appliances: Dishwasher, Dryer, Fire Alarm/Sprinkler, Freezer, Ice Machine, Microwave, Refrigerator W/IceMk, Washer, Wine Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Ceiling Raised, Furnished - All, Wallpaper, Window Treatmnt Some
  • Stories: 4
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Freezer: Yes
  • Appliances:Wine Refrigerator: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Exterior Features: Balcony, Deck Covered
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Garage
  • General Property Info:Garage2: Yes
  • Parking Features:Garage3: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water

Condo/Co-op/Association

  • Community Features: Beach, Community Room, Elevators, Exercise Room, Gated Community, Pets Allowed, Playground, Pool, Waterfront
  • Association #2 Fee: 5608.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Internet Service, Legal, Management, Repairs/Maintenance

Schools

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

Lot Info

  • Parcel #: 20-3S-18-16030-000-0423
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 25

Tax Info

  • Tax Annual Amount: 20763.49
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2023
Closed on
Dec 27, 2023
Sold by
Gray William K and Gray Veronica Lynn
Bought by
Hollomon Jay and Hollomon Meredith
Seller's Agent
Mark Braddock
Christies International Real Estate Emerald Coast
Buyer's Agent
Linda Campbell
Legendary Realty LLC
List Price
$4,675,000
Sold Price
$4,300,000
Premium/Discount to List
-$375,000
-8.02%
Total Days on Market
23
Views
12
Current Estimated Value
$3,821,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$478,361
Avg. Annual Appreciation
-8.08%

Purchase Details

Closed on
Sep 6, 2022
Sold by
Alexander Jason C
Bought by
Gray William K and Gray Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2020
Sold by
Reynolds Mary Neal Tucker
Bought by
Alexander Jason C

Purchase Details

Closed on
Jan 7, 2014
Sold by
Rippeto Douglas and Rippeto Vicki Nj
Bought by
Reynolds Mary Neal Tucker

Purchase Details

Closed on
Jan 3, 2008
Sold by
Compass Point At Watersound Owners Assn
Bought by
Rippeto J Douglas and Rippeto Vicki J

Purchase Details

Closed on
Aug 2, 2005
Sold by
St Joe Home Building Lp
Bought by
Rippeto J Douglas and Rippeto Vicki J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,760,000
Interest Rate
5.64%
Mortgage Type
Unknown

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
Hollomon Jay $4,300,000 Provident Title
Gray William K $4,387,500 --
Alexander Jason C $2,575,000 Coastal Title & Escrow
Reynolds Mary Neal Tucker $1,700,000 Neighborhood Title Group
Rippeto J Douglas -- Attorney
Rippeto J Douglas $2,214,000 Residential Cmnty Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gray William K $1,750,000
Previous Owner Alexander Jason C $1,500,000
Previous Owner Rippeto J Douglas $1,760,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2023 12/27/23 Sold $4,300,000 -8.0% $1,755 / Sq Ft
12/03/2023 12/03/23 Pending -- -- --
11/10/2023 11/10/23 For Sale $4,675,000 -- $1,908 / 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 $23,784 $2,958,375 -- $2,958,375
2022 $23,784 $2,379,563 $0 $2,379,563
2021 $18,616 $1,923,250 $0 $1,923,250
2020 $18,156 $1,818,758 $0 $1,818,758
2019 $16,420 $1,653,407 $0 $1,653,407
2018 $16,006 $1,605,240 $0 $0
2017 $15,060 $1,543,500 $0 $1,543,500
2016 $14,172 $1,470,000 $0 $0
2015 $12,552 $1,234,800 $0 $0
2014 $10,103 $980,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Braddock

    Seller's Agent in 2023

    Mark Braddock

    Christies International Real Estate Emerald Coast

    (850) 963-7333

    8 in this area

    59 Total Sales

    Mark Braddock
    Section Image
  • Jabbour Luxury Group

    Seller Co-Listing Agent in 2023

    Jabbour Luxury Group

    Scenic Sotheby's International Realty

    (850) 231-1047

    7 in this area

    178 Total Sales

    Jabbour Luxury Group
    Section Image

  • L

    Buyer's Agent in 2023

    Linda Campbell

    Legendary Realty LLC

See All Agents

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 936400

Emerald Coast Association of REALTORS®

APN: 20-3S-18-16030-000-0423

Florida Walton County Inlet Beach 32459 Watersound

37 S Compass Point Way Unit 423, Inlet Beach, FL

Homes for Sale in Inlet Beach, FL

This home is located at 37 S Compass Point Way Unit 423, Inlet Beach, FL 32461 since 10 November 2023 and is currently estimated at $3,821,639, approximately $1,559 per square foot. This property was built in 2005. 37 S Compass Point Way Unit 423 is a home located in Walton County with nearby schools including Bay Elementary School, Emerald Coast Middle School, and South Walton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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