S
Seller's Agent in 2023
Spears Group
Compass
(850) 710-2114
11 in this area
296 Total Sales
73 Western Lake Dr Santa Rosa Beach, FL 32459
WaterColor NeighborhoodEstimated Value: $5,926,000 - $6,782,825
5
Beds
5.5
Baths
4,422
Sq Ft
$1,433/Sq Ft
Est. Value
Highlights
- Boat Dock
- Beach
- In Ground Pool
- Dune Lakes Elementary School Rated A-
- Deeded access to the beach
- Maid or Guest Quarters
About This Home
As of July 2023Welcome to 73 Western Lake Drive where coastal luxury meets unrivaled sophistication. Primely located in Phase I of Watercolor along Scenic Highway 30A, this meticulously crafted and designed home boasts 5 bedrooms & 6 baths, including a detached carriage house with a fully equipped kitchen. Every detail of this home exudes opulence and refinement making it a true masterpiece in its own right.
Prepare to be captivated as you step into the heart of this residence— reclaimed white oak flooring leads into the expansive open kitchen, designed by Le Gardes of New Orleans, a true culinary haven. Venetian marble countertops and custom cherry cabinets are highlighted by 12' shiplapped ceilings. The kitchen is equipped with top-of-the-line Wolf, Miele, and Subzero appliances. A convenient butler's pantry and dedicated wine cooler makes entertaining guests effortless and enjoyable.
The living room features a semi-private dining area and an abundance of windows that invite the gentle coastal breeze and warm natural light. The room is tied together by a double-sided marble fireplace centerpiece that adds an air of sophistication to the space. Floor-to-ceiling French doors leading out from the living room to the private heated pool create an idyllic and dynamic entertainment space. With over 2,500 square feet of covered porch space trimmed out in impeccable ipe cypress, this residence seamlessly merges indoor and outdoor living, allowing you to be fully immersed in the tranquility of a private oasis while still being in the heart of Watercolor.
The reclaimed white oak flooring gracefully guides you through the residence, infusing rustic charm and timeless character at every step. The soaring coffered ceilings create an ambiance of grandeur, evoking a sense of awe and admiration. The second floor provides a more private retreat and boasts the generously sized owner's suite. The owner's primary suite is a spacious 20x20 masterpiece that has its own private deck, walk-in closet, and ensuite bathroom with a walk-in shower and freestanding bathtub. Three guest bedroom suites also occupy the second floor, each meticulously appointed to offer the utmost in luxury living. Two of these suites present a unique arrangement of queen-over-queen bunk beds, providing a playful yet elegant space for family and guests. One of the most unique features of the home is a secret passage door behind the bookcase that leads to a spiral staircase, unveiling a third-floor tower room, where you can immerse yourself in panoramic sunset vistas and views of the Gulf of Mexico as you relax in ample seating.
Nestled above the oversized, two-car garage is a private carriage house that exudes both comfort and functionality. This separate living space offers a retreat of its own, complete with a full kitchen, a generously sized bedroom capable of accommodating a king-size bed, a private bath, and its own living room that comfortably seats six. The kitchen boasts a convection microwave, induction cooktop, and beverage cooler.
One of the most iconic communities along Florida's idyllic 30A, WaterColor has a state-of-the-art waterfront beach club and a plethora of activities to entertain beachgoers of all ages. Additional amenities include Camp Watercolor, multiple parks and walking/running trails, the boathouse for paddleboard and kayak rentals, and multiple community pool and sporting options. Tucked between Seaside and Grayton.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $34,040
Year Built
- Built in 2006
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 157x45x158x49
- Property fronts a private road
- Level Lot
HOA Fees
- $554 Monthly HOA Fees
Parking
- 2 Car Detached Garage
Home Design
- Beach House
- Metal Roof
- Wood Trim
- Piling Construction
- Cement Board or Planked
Interior Spaces
- 4,422 Sq Ft Home
- 3-Story Property
- Furnished
- Ceiling Fan
- Family Room
- Sitting Room
Kitchen
- Cooktop with Range Hood
- Microwave
- Dishwasher
- Wine Refrigerator
- Kitchen Island
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- En-Suite Primary Bedroom
- Maid or Guest Quarters
- In-Law or Guest Suite
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower in Primary Bathroom
- Garden Bath
Laundry
- Dryer
- Washer
Outdoor Features
- In Ground Pool
- Deeded access to the beach
- Balcony
- Porch
Additional Homes
- Dwelling with Separate Living Area
Schools
- Dune Lakes Elementary School
- Seaside Middle School
- South Walton High School
Utilities
- Cooling System Powered By Gas
- Central Air
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 15-3S-19-25519-000-0020
Community Details
Overview
- Association fees include legal, master, recreational faclty, trash
- Watercolor Subdivision
- Handicap Modified Features In Community
Amenities
- Picnic Area
- Community Pavilion
Recreation
- Boat Dock
- Community Boat Launch
- Beach
- Tennis Courts
- Community Playground
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 23, 2023
Closed on
Jul 17, 2023
Sold by
73 Western Lake Watercolor Llc
Bought by
Cts Holdings Llc and Kinsel Motors Inc
Seller's Agent
Spears Group
Compass
Buyer's Agent
Daniel Oar
Scenic Sotheby's International Realty
List Price
$6,500,000
Sold Price
$6,400,000
Premium/Discount to List
-$100,000
-1.54%
Views
58
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$61,544
Avg. Annual Appreciation
-0.84%
Purchase Details
Listed on
Jul 29, 2014
Closed on
Nov 7, 2014
Sold by
Over Time Llc
Bought by
Western Lake 73 Llc
Seller's Agent
Bruce King
Beachy Beach Real Estate
Buyer's Agent
Randy Carroll
Scenic Sotheby's International Realty
List Price
$3,400,000
Sold Price
$3,400,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.54%
Original Mortgage
$2,380,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Mar 18, 2014
Closed on
Apr 11, 2014
Sold by
Gray William Kenneth and Gray Veronica L
Bought by
Over Time Llc
Seller's Agent
Karen Holder
EXP Realty LLC
Buyer's Agent
Allen Adams
Scenic Sotheby's International Realty
List Price
$2,850,000
Sold Price
$2,850,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.56%
Purchase Details
Listed on
Feb 29, 2012
Closed on
Jul 24, 2012
Sold by
Sasser William F
Bought by
Gray William Kenneth and Gray Veronica L
Seller's Agent
Carrie Campbell
Watersound Real Estate
Buyer's Agent
Karen Holder
EXP Realty LLC
List Price
$2,183,000
Sold Price
$2,183,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.87%
Original Mortgage
$1,637,100
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Feb 2, 2009
Sold by
Shawshank Investments Llc
Bought by
Sasser William F
Purchase Details
Closed on
Feb 12, 2007
Sold by
Romair Construction Inc
Bought by
Shawshank Investments
Purchase Details
Closed on
May 27, 2004
Sold by
Romair Jason and Kruse Craig
Bought by
Romair Construction Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 7, 2003
Sold by
St Joe Arvida Home Building Lp
Bought by
Romair Jason and Kruse Craig
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cts Holdings Llc | $6,400,000 | Shoreline Title | |
| Western Lake 73 Llc | $3,400,000 | None Available | |
| Over Time Llc | $2,850,000 | None Available | |
| Gray William Kenneth | $2,183,000 | Mcneese Title Llc | |
| Sasser William F | -- | None Available | |
| Shawshank Investments | $2,850,000 | Mcneese Title Llc | |
| Romair Construction Inc | $428,000 | -- | |
| Romair Jason | $481,500 | Residential Community Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Western Lake 73 Llc | $2,975,000 | |
| Previous Owner | Western Lake 73 Llc | $2,380,000 | |
| Previous Owner | Gray William Kenneth | $292,400 | |
| Previous Owner | Gray William Kenneth | $1,637,100 | |
| Previous Owner | Romair Construction Inc | $500,000 | |
| Previous Owner | Romair Jason | $428,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2023 07/17/23 | Sold | $6,400,000 | -1.5% | $1,447 / Sq Ft |
| 05/24/2023 05/24/23 | Pending | -- | -- | -- |
| 05/23/2023 05/23/23 | For Sale | $6,500,000 | +128.1% | $1,470 / Sq Ft |
| 04/25/2023 04/25/23 | Off Market | $2,850,000 | -- | -- |
| 06/16/2022 06/16/22 | Sold | $6,527,000 | 0.0% | $1,476 / Sq Ft |
| 06/16/2022 06/16/22 | Pending | -- | -- | -- |
| 06/16/2022 06/16/22 | For Sale | $6,527,000 | +92.0% | $1,476 / Sq Ft |
| 06/23/2019 06/23/19 | Off Market | $3,400,000 | -- | -- |
| 11/07/2014 11/07/14 | Sold | $3,400,000 | 0.0% | $769 / Sq Ft |
| 09/04/2014 09/04/14 | Pending | -- | -- | -- |
| 07/29/2014 07/29/14 | For Sale | $3,400,000 | +19.3% | $769 / Sq Ft |
| 04/11/2014 04/11/14 | Sold | $2,850,000 | 0.0% | $645 / Sq Ft |
| 04/02/2014 04/02/14 | Pending | -- | -- | -- |
| 03/18/2014 03/18/14 | For Sale | $2,850,000 | +30.6% | $645 / Sq Ft |
| 07/25/2012 07/25/12 | Sold | $2,183,000 | 0.0% | $519 / Sq Ft |
| 06/19/2012 06/19/12 | Pending | -- | -- | -- |
| 02/29/2012 02/29/12 | For Sale | $2,183,000 | -- | $519 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Tax History Compared to Growth
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 | $38,317 | $5,010,567 | $1,540,129 | $3,470,438 |
| 2023 | $38,317 | $4,216,909 | $1,540,129 | $2,676,780 |
| 2022 | $34,040 | $3,897,661 | $1,709,543 | $2,188,118 |
| 2021 | $30,547 | $3,155,786 | $1,495,270 | $1,660,516 |
| 2020 | $30,657 | $3,071,119 | $1,367,984 | $1,703,135 |
| 2019 | $29,945 | $3,015,312 | $1,328,140 | $1,687,172 |
| 2018 | $29,072 | $2,915,625 | $0 | $0 |
| 2017 | $28,597 | $2,885,306 | $1,251,900 | $1,633,406 |
| 2016 | $28,034 | $2,801,557 | $0 | $0 |
| 2015 | $27,294 | $2,685,191 | $0 | $0 |
| 2014 | $18,198 | $1,801,909 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Spears Group
-
Daniel Oar
Buyer's Agent in 2023
Daniel Oar
Scenic Sotheby's International Realty
(850) 247-9254
3 in this area
73 Total Sales
-
Randy Carroll
Seller's Agent in 2022
Randy Carroll
Scenic Sotheby's International Realty
(850) 624-0037
30 in this area
69 Total Sales
-
Blake Jones
Seller Co-Listing Agent in 2022
Blake Jones
Scenic Sotheby's International Realty
(850) 714-4252
14 in this area
76 Total Sales
-
The Geppert Beek Group
T
Buyer's Agent in 2022
The Geppert Beek Group
Scenic Sotheby's International Realty
(850) 543-1457
2 in this area
85 Total Sales
-
Bruce King
Seller's Agent in 2014
Bruce King
Beachy Beach Real Estate
(850) 598-3660
33 Total Sales
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 923950
APN: 15-3S-19-25519-000-0020
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.
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.
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