NOT LISTED FOR SALE

Estimated Value: $3,963,000 - $4,940,000

6 Beds
6 Baths
4,160 Sq Ft
$1,048/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $2,650,000 $637 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $26,309/month

110 Days on Market

Highlights

  • Lake Front
  • Beach
  • Vaulted Ceiling
  • Dune Lakes Elementary School Rated A-
  • Fishing
  • 5-minute walk to Park de Leonardo de Bicci

About This Home

As of October 2020

This gorgeous home with incredible views is on the lake in the highly sought after Ph 1 of WaterColor. The home has 6 bedrooms and 5.5 baths, with 2 master suites on the 2nd floor that have great views of the lake. The open concept of the floor-plan on the 1st floor is an entertainers dream with a living room, kitchen, and screen porch that opens up to the lake. The 3rd floor offers a second living area with a full bedroom plus a bunk room with built in bunks. This house is the perfect in-between for a full-time family or an investment opportunity in the rental program.

Last Agent to Sell the Property

Brad Dahler

Scenic Sotheby's International Realty License #3431506 Listed on: 05/08/2020

Scenic Sotheby's International Realty

Last Buyer's Agent

Tommy Brantley

Berkshire Hathaway HomeServices

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,100

Year Built

  • Built in 2007

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 51x100x56x100
  • Lake Front

HOA Fees

  • $472 Monthly HOA Fees

Home Design

  • Florida Architecture

Interior Spaces

  • 4,160 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Living Room
  • Bonus Room
  • Screened Porch
  • Lake Views
  • Fire and Smoke Detector

Kitchen

  • Gas Oven or Range
  • Cooktop
  • Ice Maker
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only

Laundry

  • Dryer
  • Washer

Pool

  • Outdoor Shower

Schools

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

Utilities

  • Central Air
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25405-000-0090

Community Details

Overview

  • Watercolor Subdivision

Amenities

  • Picnic Area
  • Community Pavilion

Recreation

  • Beach
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,100

Year Built

Built in 2007

Lot Details

0

HOA Fees

$472 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.12
  • Lot Size: 51x100x56x100
  • Subdivision Name: WATERCOLOR
  • Directions: From Hwy 395, enter Watercolor at the light at Publix. Go to stop sign and turn left on Western Lake Drive. Go past the tennis courts and home is on the right at 675 Western Lake.
  • Architectural Style: Florida Cottage
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2007
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Rooms:Living Room: Yes
  • Washers: Yes
  • Rooms:Bonus Room: Yes
  • Waterview:Lake2: Yes
  • Utilities:Gas - Natural: Yes
  • Utilities:Underground: Yes
  • Waterfront:Lake: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Gas, Washer
  • Full Bathrooms: 6
  • Total Bedrooms: 6
  • Interior Amenities: Ceiling Raised, Floor Hardwood, Floor Tile, Kitchen Island
  • Appliances:Cooktop: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Kitchen Island: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Features: Porch Screened, Shower
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Shower: Yes
  • Exterior:Porch Screened: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Beach, Exercise Room, Fishing, Pavillion/Gazebo, Pets Allowed, Picnic Area, Playground, Pool, Tennis, Waterfront
  • Association #2 Fee: 1415.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 5227.2
  • Parcel #: 15-3S-19-25405-000-0090
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 17100.19
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2020
Sold by
Tuner Douglas and Tuner Julie
Bought by
Santa Rosa Lighthouse Llc
Current Estimated Value
$4,359,807

Purchase Details

Listed on
May 8, 2020
Closed on
Oct 15, 2020
Sold by
Templeton Development Llc
Bought by
Turner Douglas and Turner Julie
Seller's Agent
Brad Dahler
Scenic Sotheby's International Realty
Buyer's Agent
Tommy Brantley
Berkshire Hathaway HomeServices
List Price
$2,650,000
Sold Price
$2,650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.76%
Original Mortgage
$1,000,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 20, 2017
Closed on
Feb 28, 2018
Sold by
We Three Holdings Llc
Bought by
Templeton Development Llc
Seller's Agent
John Sullivan
Watersound Real Estate
Buyer's Agent
Scott Etter
The Premier Property Group Seacrest Office
List Price
$2,350,000
Sold Price
$2,350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.67%

Purchase Details

Listed on
Dec 11, 2013
Closed on
Jul 15, 2014
Sold by
675 Western Lake Watercolor Llc
Bought by
We Three Holdings Llc
Seller's Agent
Marianne Grant
Watersound Real Estate
Buyer's Agent
John Sullivan
Scenic Sotheby's International Realty
List Price
$1,990,000
Sold Price
$1,990,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.69%

Purchase Details

Closed on
Apr 7, 2010
Sold by
Westbrook & Rothstein Llp
Bought by
675 Western Lake Watercolor Llc

Purchase Details

Closed on
Apr 10, 2002
Sold by
St Joe Arvida Home Building Lp
Bought by
Westbrook & Rothstein Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
6.8%
Source: Public Records

Range of Values:

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Average Value
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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
Santa Rosa Lighthouse Llc $500,000 Accommodation
Turner Douglas $2,650,000 Attorney
Templeton Development Llc $2,350,000 Mcneese Title Llc
We Three Holdings Llc $1,990,000 Attorney
675 Western Lake Watercolor Llc $1,480,000 None Available
Westbrook & Rothstein Llp $315,000 Sunbelt Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Turner Douglas $1,000,000
Previous Owner Westbrook & Rothstein Llp $588,494
Previous Owner Westbrook & Rothstein Llp $283,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2022 09/27/22 Off Market $2,650,000 -- --
10/15/2020 10/15/20 Sold $2,650,000 0.0% $637 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
05/08/2020 05/08/20 For Sale $2,650,000 +12.8% $637 / Sq Ft
06/23/2019 06/23/19 Off Market $2,350,000 -- --
02/28/2018 02/28/18 Sold $2,350,000 0.0% $577 / Sq Ft
02/13/2018 02/13/18 Pending -- -- --
06/20/2017 06/20/17 For Sale $2,350,000 +18.1% $577 / Sq Ft
07/15/2014 07/15/14 Sold $1,990,000 0.0% $489 / Sq Ft
06/18/2014 06/18/14 Pending -- -- --
12/11/2013 12/11/13 For Sale $1,990,000 -- $489 / 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
2024 $25,532 $3,258,193 $1,150,268 $2,107,925
2023 $25,532 $2,543,982 $0 $0
2022 $24,690 $3,055,448 $1,276,798 $1,778,650
2021 $20,351 $2,102,465 $1,116,765 $985,700
2020 $17,712 $1,774,355 $1,021,699 $752,656
2019 $17,100 $1,721,900 $991,941 $729,959
2018 $13,557 $1,359,631 $0 $0
2017 $16,853 $1,700,426 $1,224,080 $476,346
2016 $16,488 $1,647,721 $0 $0
2015 $15,806 $1,554,984 $0 $0
2014 $15,032 $1,459,588 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 846057

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25405-000-0090