NOT LISTED FOR SALE

48 Vermilion Way Santa Rosa Beach, FL 32459

WaterColor Neighborhood

Estimated Value: $5,730,000 - $6,153,971

0.24 Acre
$24,606,665 Price per Acre
10,411 Sq Ft Lot

Last Sold April 05, 2013

Last sale price $640,000

Est. 805% increase in value since last sale

Current estimated payment $35,733/month

143 Days on Market

Highlights

  • Beach
  • Community Boat Launch
  • Lake View
  • Bay Elementary School Rated A-
  • Fishing
  • Community Pool

About This Lot

As of April 2013

One of the largest & most private lots in Watercolor! This unique and secluded home site is unlike any other. At nearly 12,000 square feet, it's one of the largest lots in Watercolor and affords one of the largest building envelopes. Unlike most lots in Watercolor, this home site offers rear entry parking; a feature not found in any other lot on Vermilion. The rear entry parking allows the most design and construction flexibility available on Vermilion. The lot's size essentially guarantees a large private back yard that borders Point Washington State Park and assures plenty of room for a pool and outdoor living & entertaining. Given the generous size of the lot and the rear entry access, many of the mature trees can be retained. Lot 20 is bordered on the west by a utility easement, that affords an additional buffer between you and your neighbor. To the north you have the beautiful Point Washington State Park. Only the Southeast border of this home site is shared with another Watercolor lot; making this one of the most private lots in all of Watercolor. This home site is in close proximity to the Sand Hill Park pool, foot bridge to the Boat House and pier near the end of the street. Enjoy beautiful shaded walking trails to the beach. Watercolor features shops, a spa, beautiful parks, green spaces, and a great tennis center. Camp Watercolor features a seasonal program for the kids and a pool complex with park and activity center. Have fun walking and hiking trails or fishing and kayaking after the beach.

Last Agent to Sell the Property

Caroline Wasson

ResortQuest Real Estate Destin Listed on: 10/27/2012

ResortQuest Real Estate Destin

Co-Listed By

Chip Wasson

ResortQuest Real Estate Destin

Last Buyer's Agent

Hilary Farnum

Legendary Realty Inc

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $44,673

Lot Details

HOA Fees

  • $303 Monthly HOA Fees

Schools

  • Van R Butler Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Additional Features

  • Lot Dimensions are 59x86x117x52x166
  • Lake Views

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25424-000-0200

Community Details

Overview

  • Watercolor Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Community Boat Launch
  • Beach
  • Community Playground
  • Community Pool
  • Fishing

Property Details

Property Type

Land

Est. Annual Taxes

$44,673

Lot Details

0

HOA Fees

$303 per month

Listing Details

  • Property Sub Type: Vacant Land
  • Prop. Type: Land
  • Lot Size: 59X86X117X52X166
  • Co List Office Mls Id: EAB2
  • Co List Office Phone: 850-837-4774
  • Subdivision Name: WATERCOLOR
  • Directions: From Hwy. 98 turn S onto CR395, turn West at the traffic light across from Publix, turn North (right), onto West Lake Forrest Dr., appprox. .4 miles turn left on Sand Hill Circle, take second left ont
  • Utilities Electric: Yes
  • Waterview:Lake2: Yes
  • Special Features: None

Exterior Features

  • View: Lake

Utilities

  • Utilities: Electric

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Boat Launch, Fishing, Playground, Pool
  • Association #2 Fee: 909.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Parcel #: 15-3S-19-25424-000-0200
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2025
Sold by
Lloyd William P and Lloyd Jennifer M
Bought by
Estes Joshua J
Current Estimated Value
$5,791,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,955,000
Outstanding Balance
$3,950,712
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$1,873,570

Purchase Details

Listed on
Oct 27, 2012
Closed on
Apr 5, 2013
Sold by
Kog Investments Llc
Bought by
Lloyd William P and Lloyd Jennifer M
Seller's Agent
Caroline Wasson
ResortQuest Real Estate Destin
Buyer's Agent
Hilary Farnum
Legendary Realty Inc
List Price
$640,000
Sold Price
$640,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.58%

Purchase Details

Closed on
Aug 6, 2009
Sold by
Whitney National Bank
Bought by
Kog Investments Llc

Purchase Details

Closed on
Feb 19, 2009
Sold by
Monte Hewett Homes Of Florida Llc and Hewett Monte
Bought by
Whitney National Bank
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Estes Joshua J $5,650,000 Shoreline Title
Estes Joshua J $5,650,000 Shoreline Title
Lloyd William P $640,000 Attorney
Kog Investments Llc $245,000 None Available
Whitney National Bank -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Estes Joshua J $3,955,000
Closed Estes Joshua J $3,955,000
Previous Owner Lloyd William F $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2013 04/05/13 Sold $640,000 0.0% --
03/19/2013 03/19/13 Pending -- -- --
10/27/2012 10/27/12 For Sale $640,000 -- --
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 $44,673 $5,731,088 $1,375,000 $4,356,088
2023 $44,673 $4,199,700 $0 $0
2022 $40,351 $4,950,974 $1,087,497 $3,863,477
2021 $33,597 $3,470,826 $951,191 $2,519,635
2020 $32,645 $3,271,326 $870,220 $2,401,106
2019 $30,649 $3,197,830 $844,874 $2,352,956
2018 $28,902 $3,089,428 $0 $0
2017 $24,344 $2,456,151 $796,374 $1,659,777
2016 $22,763 $2,274,778 $0 $0
2015 $6,178 $607,750 $0 $0
2014 $5,696 $552,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Caroline Wasson

    ResortQuest Real Estate Destin

    Section Image

  • C

    Seller Co-Listing Agent in 2013

    Chip Wasson

    ResortQuest Real Estate Destin

  • H

    Buyer's Agent in 2013

    Hilary Farnum

    Legendary Realty Inc

  • H

    Buyer's Agent in 2013

    Hilary Fasth

    Beachy Beach 30A Real Estate

  • e

    Buyer's Agent in 2013

    ecn.rets.brokerage.e1345

    ecn.rets.RETS_OFFICE

  • Hilary Farnum-Fasth

    Buyer's Agent in 2013

    Hilary Farnum-Fasth

    Corcoran Reverie SRB

    (850) 685-0171

    81 Total Sales

    Section Image
See All Agents

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 574874

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25424-000-0200

Florida Walton County Santa Rosa Beach 32459 WaterColor

48 Vermilion Way, Santa Rosa Beach, FL

This home is located at 48 Vermilion Way, Santa Rosa Beach, FL 32459 since 27 October 2012 and is currently estimated at $5,880,993. 48 Vermilion Way 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.

Nearby Homes