Seller's Agent in 2023
Mark Braddock
Christies International Real Estate Emerald Coast
(850) 963-7333
6 in this area
55 Total Sales
37 S Compass Point Way Unit 423 Inlet Beach, FL 32461
Watersound NeighborhoodEstimated Value: $2,867,000 - $4,470,000
3
Beds
3.5
Baths
2,450
Sq Ft
$1,869/mo
HOA Fee
Highlights
- Beach
- Property fronts gulf or ocean
- Vaulted Ceiling
- Dune Lakes Elementary School Rated A-
- Gated Community
- Main Floor Primary Bedroom
About This Home
As of December 2023This 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 Agent to Sell the Property
Christies International Real Estate Emerald Coast License #3295352 Listed on: 11/10/2023
Last Buyer's Agent
Linda Campbell
Legendary Realty LLC
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
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%
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$595,707
Avg. Annual Appreciation
-7.91%
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
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hollomon Jay | $4,300,000 | Provident Title | |
| 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 | Rippeto J Douglas | $1,760,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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
-
Jabbour Luxury Group
Seller Co-Listing Agent in 2023
Jabbour Luxury Group
Scenic Sotheby's International Realty
(850) 231-1047
6 in this area
179 Total Sales
-
L
Buyer's Agent in 2023
Linda Campbell
Legendary Realty LLC
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 936400
APN: 20-3S-18-16030-000-0423
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