37 S Compass Point Way Unit 421 Watersound, FL 32461
Watersound NeighborhoodEstimated payment $22,553/month
Highlights
- Beach
- Gulf View
- Newly Painted Property
- Dune Lakes Elementary School Rated A-
- Gated Community
- Cathedral Ceiling
About This Home
This gulf-facing condo in WaterSound Beach tears up the rule book when it comes to conservative architecture. From soaring windows framing gulf and lake views to a bonus living space in the mezzanine loft, this luxury retreat is all about the view. Sitting high above the dune lakes, this residence has a light, bright living space with 20-ft. ceilings and stunning two-story-high windows framing incredible coastal views from the sitting area, dining room and the newly revamped kitchen. If you want to feel the breeze, just step outside onto the balcony and breathe in the fresh sea air. Fully renovated to the highest standard, it has new custom lighting and fresh paint, creating a cool coastal feel. Three new HVAC units ensure comfort and efficiency. There's a guest bedroom on the main floor, along with a newly updated bathroom, which has a tiled shower. The stunning chef's kitchen showcases new cabinetry topped with gorgeous quartz countertops. High-end appliances include a Viking refrigerator, range, and Bosch dishwasher, minimizing time spent on kitchen duty. A cool bar offers a perfect space to hang out over a glass of wine while making plans for the evening. It supplements the spacious dining table, which seats an additional six diners. Ascend a flight of stairs to the mezzanine level, which is furnished with a sleeper sofa and TV. It's the perfect bonus space for watching TV or accommodating additional overnight guests. The half-height rail offers expansive open views of the sitting room below and the stunning coastal views. Hardwood stairs also lead down to the lower floor, where there's a guest bedroom with a beautifully updated bathroom featuring a walk-in shower. Beyond the laundry room, the tastefully appointed primary suite is a peaceful retreat with its own sitting area. The adjoining bathroom has been completely re-imagined to include a seated vanity, a fully tiled walk-in shower and a freestanding oval tub. This oversize master suite also has its own private balcony, providing the perfect hideaway for reading or sipping coffee before the day begins. With a proven rental history, this fully furnished property is ready to enjoy as a smart investment property, a vacation retreat, or your full-time coastal home. This outstanding Compass Point II residence includes a detached garage for storing golf carts, beach chairs and bicycles. WaterSound residents and guests have access to a host of enviable amenities, including golf, community pools, tennis and pickleball courts, a wellness center, dining, boutique shopping, and a private beach.
Listing Agent
Scenic Sotheby's International Realty Brokerage Email: penny@scenicsir.com License #3271422 Listed on: 09/11/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $22,116
Year Built
- Built in 2005
HOA Fees
- $2,861 Monthly HOA Fees
Parking
- 1 Car Detached Garage
- Automatic Garage Door Opener
Property Views
- Gulf
- Lake
Home Design
- Newly Painted Property
- Composition Shingle Roof
- Cement Board or Planked
Interior Spaces
- 2,034 Sq Ft Home
- Furnished
- Cathedral Ceiling
- Window Treatments
- Living Room
Kitchen
- Breakfast Bar
- Cooktop
- Microwave
- Dishwasher
- Disposal
Flooring
- Wall to Wall Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Dressing Area
- 3 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower in Primary Bathroom
- Garden Bath
Laundry
- Dryer
- Washer
Outdoor Features
- Balcony
Schools
- Dune Lakes Elementary School
- Emerald Coast Middle School
- South Walton High School
Utilities
- Multiple cooling system units
- Central Air
- Underground Utilities
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 20-3S-18-16030-000-0421
Community Details
Overview
- Association fees include accounting, ground keeping, master, recreational faclty, security, sewer, water, trash
- Watersound Beach Subdivision
Amenities
- Community Barbecue Grill
- Elevator
Recreation
- Beach
- Community Pool
Security
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
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 | $19,745 | $2,456,055 | -- | $2,456,055 |
2022 | $19,745 | $1,868,738 | $0 | $1,868,738 |
2021 | $15,259 | $1,576,350 | $0 | $1,576,350 |
2020 | $15,073 | $1,509,940 | $0 | $1,509,940 |
2019 | $13,632 | $1,372,665 | $0 | $1,372,665 |
2018 | $13,288 | $1,332,677 | $0 | $0 |
2017 | $12,503 | $1,281,420 | $0 | $1,281,420 |
2016 | $11,765 | $1,220,400 | $0 | $0 |
2015 | $10,420 | $1,025,136 | $0 | $0 |
2014 | $8,387 | $813,600 | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/11/2025 09/11/25 | For Sale | $3,350,000 | -- | $1,647 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $18,200 | Shoreline Title | |
Warranty Deed | $1,650,000 | Shoreline Title Llc | |
Warranty Deed | $225,100 | None Available | |
Warranty Deed | $1,136,600 | None Available | |
Warranty Deed | $1,390,000 | Attorney | |
Warranty Deed | -- | Attorney |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $1,300,000 | New Conventional | |
Previous Owner | $1,320,000 | Future Advance Clause Open End Mortgage | |
Previous Owner | $1,290,000 | Unknown |
Source: Emerald Coast Association of REALTORS®
MLS Number: 985174

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