NOT LISTED FOR SALE

440 E Water St Alys Beach, FL 32461

Estimated Value: $5,345,000 - $6,009,000

5 Beds
5.5 Baths
3,582 Sq Ft
$1,555/Sq Ft Est. Value

Last Sold July 09, 2020

Last sale price $3,250,000 $907 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $32,377/month

44 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Vaulted Ceiling
  • Dune Lakes Elementary School Rated A-
  • Gulf View
  • Wood Flooring

About This Home

As of July 2020

A preferred location with direct boardwalk access to the beach, this treasured Rosemary Beach house offers exceptional Gulf views. Tom Christ, of Christ and Associates, designed a main and carriage house with expansive balconies and porches enjoyed from copious French doors. The three level main house hosts the master suite on Level one with two guest bedrooms and ensuite baths. The second level presents the open living, dining and kitchen plus an adjacent media or game room and full bath. Arranged on the third level is a guest bedroom with ensuite bath. The carriage house provides an autonomous accommodation for guests with their own living and dining, kitchen, bath and lofted bedroom. The Rosemary Beach Town Center is only a block away with the plethora of shops and restaurants for great choices in entertainment. Other amenities of the Town include four pools, spacious parks, an amphitheater, owner's exclusive pool and an old world Town Hall on the Square.

Last Agent to Sell the Property

Mary Alice & Marsha

Scenic Sotheby's International Realty Listed on: 04/15/2020

Co-Listed By

Marsha Burke

Scenic Sotheby's International Realty License #3411365

Last Buyer's Agent

Clark & Mitchell Group

Rosemary Beach Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,885

Year Built

  • Built in 2005

Lot Details

  • Lot Dimensions are 60x85
  • Property fronts a private road
  • Property is Fully Fenced
  • Corner Lot

HOA Fees

  • $380 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • 1 Carport Space

Home Design

  • Dwelling with Rental
  • Exterior Columns
  • Metal Roof
  • Concrete Siding
  • Wood Trim
  • Stucco

Interior Spaces

  • 3,582 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Built-in Bookshelves
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Dining Room
  • Loft
  • Screened Porch
  • Gulf Views
  • Dryer

Kitchen

  • Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Painted or Stained Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Outdoor Features

  • Outdoor Shower
  • Deeded access to the beach
  • Balcony
  • Built-In Barbecue

Additional Homes

  • Dwelling with Separate Living Area

Schools

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

Utilities

  • Multiple cooling system units
  • Central Air
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 35-3S-18-16060-020-0050

Community Details

Overview

  • Association fees include accounting, ground keeping, management, master, security, trash
  • Rosemary Beach Subdivision
  • The community has rules related to covenants

Amenities

  • Picnic Area

Recreation

  • Beach
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,885

Year Built

Built in 2005

Lot Details

0

HOA Fees

$380 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 60x85
  • Road Frontage Type: Private Road
  • Co List Office Mls Id: EDR3
  • Co List Office Phone: 850-231-6052
  • Subdivision Name: ROSEMARY BEACH
  • Directions: Enter 30A at the East end from Hwy 98. Turn left at the 1st traffic light in Rosemary Beach. Follow E Water Street as it curves right and continue straight to the corner of S Green Turtle Lane and E Water. 440 E Water is on the Northwest corner of the intersection.
  • Architectural Style: New Orleans
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2005
  • Remarks Misc:Remarks: A preferred location with direct boardwalk access to the beach, this treasured Rosemary Beach house offers exceptional Gulf views. Tom Christ, of Christ and Associates, designed a main and carriage house with expansive balconies and porches enjoyed from copious French doors. The three level main house hosts the master suite on Level one with two guest bedrooms and ensuite baths. The second level presents the open living, dining and kitchen plus an adjacent media or game room and full bath. Arranged on the third level is a guest bedroom with ensuite bath. The carriage house provides an autonomous accommodation for guests with their own living and dining, kitchen, bath and lofted bedroom. The Rosemary Beach Town Center is only a block away with the plethora of shops and restaurants for great
  • Utilities:Public Sewer: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Waterview:Gulf2: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:AC - 2 or More: Yes
  • Rooms:Loft: Yes
  • Utilities:Gas - Natural: Yes
  • Utilities:Underground: Yes
  • Rooms:Separate Apartment: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Double, Refrigerator
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Interior Amenities: Built-In Bookcases, Ceiling Raised, Fireplace, Fireplace Gas, Floor Hardwood, Furnished - All, Kitchen Island, Window Treatment All, Woodwork Painted
  • Appliances:Cooktop: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Floor Hardwood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Woodwork Painted: Yes
  • Interior:Fireplace Gas: Yes
  • Appliances:Oven Double: Yes
  • Interior:Built-In Bookcases: Yes
  • Interior:Fireplace: Yes

Exterior Features

  • Lot Features: Corner, Covenants
  • View: Gulf
  • Construction Type: Concrete, Block, Roof Metal, Stucco, Trim Wood
  • Exterior Features: Balcony, BBQ Pit/Grill, Columns, Fenced Lot-All, Porch, Porch Screened, Separate Bldg Rent, Separate Living Area, Shower
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Porch: Yes
  • ConstructionSiding:Block: Yes
  • Lot Features:Covenants: Yes
  • ConstructionSiding:Concrete: Yes
  • ConstructionSiding:Roof Metal: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • Exterior:Shower: Yes
  • Exterior:Porch Screened: Yes
  • Exterior:Columns: Yes
  • ConstructionSiding:Trim Wood: Yes
  • Lot Features:Corner: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Separate Living Area: Yes
  • Exterior:Fenced Lot-All: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1.0
  • Garage Spaces: 2.0
  • Parking Features: Carport, Garage Detached
  • Rooms:Garage5: Yes
  • Parking Features:Garage Detached: Yes
  • Parking Features:Carport3: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Utilities: Gas - Natural, Public Sewer, Underground

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, Exercise Room, Pets Allowed, Picnic Area, Playground, Pool, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 1140.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Management, Master Association, Security, Trash

Schools

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

Lot Info

  • Parcel #: 35-3S-18-16060-020-0050
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 22884.83
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2020
Closed on
Aug 9, 2020
Sold by
Rutledge Sydney Eugene and Rutledge Jeri Lynn
Bought by
Yayas Beach House Ltd
Seller's Agent
Mary Alice & Marsha
Scenic Sotheby's International Realty
Buyer's Agent
Clark & Mitchell Group
Rosemary Beach Realty LLC
List Price
$3,250,000
Sold Price
$3,250,000
Current Estimated Value
$5,568,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,318,774
Avg. Annual Appreciation
10.31%

Purchase Details

Listed on
Apr 15, 2020
Closed on
Jul 9, 2020
Sold by
James E Buchart Llc
Bought by
Rutledge Sydney Eugene and Rutledge Jeri Lynn
Seller's Agent
Mary Alice & Marsha
Scenic Sotheby's International Realty
Buyer's Agent
Clark & Mitchell Group
Rosemary Beach Realty LLC
List Price
$3,250,000
Sold Price
$3,250,000
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Yayas Beach House Ltd -- None Available
Rutledge Sydney Eugene $3,250,000 Shoreline Title Llc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2020 07/09/20 Sold $3,250,000 0.0% $907 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
04/15/2020 04/15/20 For Sale $3,250,000 -- $907 / 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
2025 $34,878 $4,166,937 $1,501,500 $2,665,437
2024 $31,038 $4,156,962 $1,176,500 $2,980,462
2023 $31,038 $2,963,677 $0 $0
2022 $28,458 $3,490,090 $1,047,304 $2,442,786
2021 $23,709 $2,449,320 $872,415 $1,576,905
2020 $23,401 $2,344,272 $798,150 $1,546,122
2019 $22,885 $2,304,383 $774,903 $1,529,480
2018 $22,487 $2,255,233 $0 $0
2017 $21,218 $2,212,899 $731,078 $1,481,821
2016 $18,830 $1,886,468 $0 $0
2015 $17,582 $1,750,907 $0 $0
2014 $16,535 $1,650,479 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 844670

Emerald Coast Association of REALTORS®

APN: 35-3S-18-16060-020-0050