NOT LISTED FOR SALE

51 N Watch Tower Ln Panama City Beach, FL 32413

Watersound Neighborhood

Estimated Value: $4,927,000 - $5,620,000

4 Beds
4 Baths
3,143 Sq Ft
$1,638/Sq Ft Est. Value

Last Sold June 20, 2014

Last sale price $1,550,000 $493 Per Sq Ft

Est. 232% increase in value since last sale

Current estimated payment $31,373/month

121 Days on Market

Highlights

  • Gulf View
  • Gated Community
  • Recreation Room
  • Bay Elementary School Rated A-
  • Deck
  • Florida Architecture

About This Home

As of June 2014

INVESTORS TAKE NOTE : Never been rented, but rental projection by 360 Blue is $130k annually. Valuable extra large corner lot location,very close to lots currently listed at close to $2m, with great curb appeal, only 4 lots from the beach, beautiful views, and a pedestrian boardwalk outside your front door leading to the one mile of dedicated neighborhood beach, all within the prestigious Dune Ridge neighborhood of Watersound Beach. Designed by Jonathan Lawrence and built by Ray Jackson, the attention to detail is evident in the cypress ceilings, built in bookcases, wood walls, moldings, custom cabinetry and designer finishes. The focal point of the living and dining is a custom designed floating spiral staircase framed by three stories of windows. This dramatic feature leads to a

Last Agent to Sell the Property

Karen Smith

Beachy Beach Real Estate License #3102215 Listed on: 01/31/2014

Beachy Beach Real Estate

Last Buyer's Agent

Non Member

The Premier Property Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,934

Year Built

  • Built in 2008

Lot Details

  • Lot Dimensions are 66x110x66x110

HOA Fees

  • $370 Monthly HOA Fees

Parking

  • 3 Car Garage

Home Design

  • Florida Architecture

Interior Spaces

  • 3,143 Sq Ft Home
  • 3-Story Property
  • Central Vacuum
  • Bookcases
  • Woodwork
  • Paneling
  • Cathedral Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Great Room
  • Sitting Room
  • Dining Room
  • Recreation Room
  • Utility Room
  • Gulf Views
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck
  • Covered patio or porch

Schools

  • Bay Elementary School
  • South Walton High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Water Heaters

Community Details

Overview

  • Association fees include management, cable TV, ground maintenance, recreation facilities, security, trash
  • Watersound Beach Subdivision

Recreation

  • Community Playground
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,934

Year Built

Built in 2008

Lot Details

0

HOA Fees

$370 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Detached
  • Lot Size: 66X110X66X110
  • Subdivision Name: Watersound Beach
  • Architectural Style: Florida
  • Unit Levels: Three Or More
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Microwave, Self Cleaning Oven, Washer, Multiple Water Heaters
  • Interior Amenities: Bookcases, Cathedral Ceiling(s), Central Vacuum, Kitchen Island, Paneling/Wainscoting, Recessed Lighting, Natural Woodwork, Utility Room
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Living Area: 3143.0
  • Dining Room Type: Bedroom, Dining Room, Full Bath, Great Room, Half Bath, Kitchen, Primary Bathroom, Primary Bedroom, Recreation, Sitting Room, Utility Room
  • Window Features: Double Pane Windows
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: Community
  • View: Gulf
  • View: Yes
  • Exterior Features: Deck, Outdoor Shower, Porch
  • Patio And Porch Features: Covered, Deck, Open, Porch, Screened

Garage/Parking

  • Garage Spaces: 3.0
  • Garage: Yes

Utilities

  • Utilities: Cable Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Security Features: Smoke Detector(s)
  • Cooling: Central Air, Electric, Multi Units
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 1110.0
  • Community Features: Fitness Center, Gated, Other, Playground, Pool, See Remarks
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Maintenance Grounds, Recreation Facilities, Security, Trash

Schools

  • Middle Or Junior School: Other

Rental Info

  • Furnished: Unfurnished

MLS Schools

  • Elementary School: Bay
  • High School: South Walton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2022
Sold by
Florida March Llc
Bought by
William Draper Martin And Kimberly Jackson Ma
Current Estimated Value
$5,146,973

Purchase Details

Closed on
Jun 15, 2021
Sold by
Myers Thomas Patrick and Myers Laurie Lee
Bought by
Florida March Llc

Purchase Details

Closed on
Mar 17, 2017
Sold by
Arpol Inc
Bought by
Myers Thomas Patrick and Myers Laurie Lee

Purchase Details

Closed on
May 22, 2015
Sold by
Jones Justin L and West Joseph
Bought by
Arpol Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.79%
Mortgage Type
Unknown

Purchase Details

Listed on
Jan 31, 2014
Closed on
Jun 20, 2014
Sold by
Geffon William and Geffon Cheryl
Bought by
Jones Justin L and West Joseph
Seller's Agent
Karen Smith
Beachy Beach Real Estate
Buyer's Agent
Non Member
The Premier Property Group
List Price
$1,695,000
Sold Price
$1,550,000
Premium/Discount to List
-$145,000
-8.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.70%

Purchase Details

Closed on
Dec 23, 2002
Sold by
St Joe Arvida Home Building Lp
Bought by
Geffon William and Geffon Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.92%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
William Draper Martin And Kimberly Jackson Ma $5,000,000 Shoreline Title
Florida March Llc $4,200,000 Attorney
Myers Thomas Patrick $3,300,000 Coretitle Llc
Arpol Inc $1,690,000 Attorney
Jones Justin L $1,555,000 Attorney
Geffon William $450,000 Sunbelt Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arpol Inc $1,300,000
Previous Owner Geffon William $300,000
Closed William Draper Martin And Kimberly Jackson Ma $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2022 06/20/22 Off Market $1,550,000 -- --
06/20/2014 06/20/14 Sold $1,550,000 -8.6% $493 / Sq Ft
06/01/2014 06/01/14 Pending -- -- --
01/31/2014 01/31/14 For Sale $1,695,000 -- $539 / Sq Ft
Source: Central Panhandle 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 $30,934 $3,545,975 -- --
2023 $30,934 $3,442,694 $0 $0
2022 $32,981 $3,558,770 $1,301,590 $2,257,180
2021 $23,708 $2,463,589 $1,138,449 $1,325,140
2020 $22,099 $2,213,836 $946,853 $1,266,983
2019 $25,816 $2,599,516 $919,275 $1,680,241
2018 $25,106 $2,517,833 $0 $0
2017 $21,116 $2,130,487 $0 $0
2016 $16,193 $1,618,202 $0 $0
2015 $15,727 $1,547,241 $0 $0
2014 $13,131 $1,310,423 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Smith

    Seller's Agent in 2014

    Karen Smith

    Beachy Beach Real Estate

    (850) 233-4351

    254 Total Sales

    Karen Smith
    Section Image

  • N

    Buyer's Agent in 2014

    Non Member

    The Premier Property Group

See All Agents

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 619428

Central Panhandle Association of REALTORS®

APN: 20-3S-18-16010-000-0340

Florida Walton County Panama City Beach 32413 Watersound

51 N Watch Tower Ln, Panama City Beach, FL

This home is located at 51 N Watch Tower Ln, Panama City Beach, FL 32413 since 31 January 2014 and is currently estimated at $5,146,973, approximately $1,637 per square foot. This property was built in 2008. 51 N Watch Tower Ln 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.

Central Panhandle Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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