$3,350,000

37 S Compass Point Way Unit 421 Watersound, FL 32461

Watersound Neighborhood

Estimated payment $22,553/month

Total Views 140
3 Beds
3 Baths
2,034 Sq Ft
$1,647 Price per Sq Ft

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

Penny Jackson

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,116

Year Built

Built in 2005

Lot Details

0

HOA Fees

$2,861 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: WATERSOUND BEACH
  • Directions: From Hwy 98, turn South onto Watersound Pkwy. Turn right onto 30A 2.3 miles and the main gates of Watersound Beach will be on your left. You must stop at the security gate. Continue straight through to Compass Point Way is on your left. Continue through and you will see Compass Point II on your right. Unit is on the right side of the complex.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 2005
  • Attribution Contact: penny@scenicsir.com
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:AC - 2 or More: Yes
  • Waterview:Lake2: Yes
  • Utilities:Underground: Yes
  • Special Features: None

Interior Features

  • Furnished: Furnished - All
  • Appliances: Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Water Heater - Elect
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Floor Tile, Floor WW Carpet
  • Interior Amenities: Breakfast Bar, Ceiling Cathedral, Ceiling Vaulted, Newly Painted
  • Window Features: Window Treatment All
  • Appliances:Cooktop: Yes
  • Appliances Dishwasher: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Interior:Ceiling Cathedral: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Ceiling Vaulted: Yes
  • Interior:Newly Painted: Yes
  • Mstr BdrmMstr Bath:MBath Dressing Area: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lake, Gulf
  • Construction Type: Siding CmntFbrHrdBrd, Siding Shake
  • Exterior Features: Balcony
  • Property Condition: Renovated, Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Balcony: Yes
  • ConstructionSiding:Siding Shake: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • ConstructionSiding:Roof Composite Shngl: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Garage, Garage Detached
  • General Property Info:Garage2: Yes
  • Appliances:Auto Garage Door Opn: Yes
  • Parking Features:Garage3: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Sewer: Public Sewer
  • Utilities: Public Water, TV Cable, Underground
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Elevators, Gated Community, Pool, Waterfront
  • Association #2 Fee: 8583.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Master Association, Recreational Faclty, Security, Sewer, Water, Trash

Schools

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

Lot Info

  • Parcel #: 20-3S-18-16030-000-0421

Tax Info

  • Tax Annual Amount: 22116.07
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2025 09/11/25 For Sale $3,350,000 -- $1,647 / Sq Ft
Source: Emerald Coast Association of REALTORS®

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
Source: Public Records

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: Public Records

Source: Emerald Coast Association of REALTORS®

MLS Number: 985174

Emerald Coast Association of REALTORS®