$2,940,000

Estimated payment $17,818/month

Total Views 2,970
3 Beds
4 Baths
2,496 Sq Ft
$1,178 Price per Sq Ft

Highlights

  • Boat Dock
  • Beach
  • Fishing
  • Bay Elementary School Rated A-
  • Deeded access to the beach
  • 3-minute walk to Park de Leonardo de Bicci

About This Home

Welcome to 782 Western Lake Drive, a custom-designed coastal retreat in the coveted Lake District Phase I of Watercolor! Built by Ralph Gage Contracting with superior structural integrity, this stunning 3-bedroom, 4-bathroom home has been recently renovated to offer the ultimate luxury and comfort.

Step inside through one of three elegant 10' custom Mahogany double doors to discover an open-concept living space with 11' ceilings, hardwood floors, and beautifully tiled baths. The updated kitchen boasts gorgeous countertops, custom-built cabinetry, and a seamless flow to the dining and living areas, which open onto a screened porch—perfect for entertaining indoors and out. Upstairs, two additional bedrooms with private baths and a versatile bonus/media room provide ample space for family and guests. This home comfortably sleeps 10, making it ideal as a primary residence, vacation home, or rental property.

Additional features include a two-car garage with enclosed storage, attic space, and sitting areas on both levels for cozy gatherings.

Located in WaterColor's highly sought-after Phase I Lake District, this home is steps away from the beach, WaterColor Beach Club, tennis courts, the BoatHouse, and the vibrant Seaside town center. Residents enjoy various amenities, including Gulf-front and lakeside pools, nature trails, canoeing, and easy local shopping and dining access.

Embrace the relaxed coastal lifestyle in one of WaterColor's most desirable neighborhoods, where muted color schemes blend seamlessly with the natural surroundings. Don't miss this rare opportunity to own a piece of paradise!

Listing Agent

Tanner Shehan

Latitude Resort Properties License #3348219 Listed on: 06/28/2025

Co-Listing Agent

Richard Eckert

Latitude Resort Properties License #3105162

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,427

Year Built

  • Built in 2004

Lot Details

  • Lot Dimensions are 48x100x51x100

HOA Fees

  • $597 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Florida Architecture

Interior Spaces

  • 2,496 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Great Room
  • Dining Area
  • Bonus Room
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 4 Full Bathrooms
  • Shower Only in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deeded access to the beach
  • Balcony
  • Covered Patio or Porch
  • Built-In Barbecue

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25405-000-0420

Community Details

Overview

  • Association fees include accounting, legal, management, recreational faclty, cable TV, trash
  • Watercolor Subdivision

Recreation

  • Boat Dock
  • Beach
  • Tennis Courts
  • Community Pool
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,427

Year Built

Built in 2004

Lot Details

0

HOA Fees

$597 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 48X100X51X100
  • Co List Office Mls Id: ERAE
  • Co List Office Phone: 850-225-0074
  • Subdivision Name: WATERCOLOR
  • Directions: From 98, head south on 395 and turn right onto 30A. Turn right onto Mystic Cobalt just past Seaside. Turn right onto Western Lake Dr. Home will be on the right.
  • Architectural Style: Florida Cottage
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2004
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Bonus Room: Yes
  • Rooms:Dining Area: Yes
  • Utilities:Gas - Natural: Yes
  • Rooms:Great Room: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Furnished - All
  • Appliances: Dishwasher, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Flooring: Floor Hardwood
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Floor Hardwood: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Interior:Furnished - All: Yes

Exterior Features

  • Pool Features: Pool Type
  • Exterior Features: Balcony, BBQ Pit/Grill, Shower
  • Patio And Porch Features: Patio Covered, Patio Open
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Open: Yes
  • Exterior:Patio Covered: Yes
  • Exterior:Shower: Yes
  • Exterior:BBQ PitGrill: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage
  • General Property Info:Garage2: Yes
  • Parking Features:Garage3: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pickle Ball, Beach, Deed Access, Dock, Exercise Room, Fishing, Pool, Tennis
  • Association #2 Fee: 1790.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Legal, Management, Recreational Faclty, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 15-3S-19-25405-000-0420
  • Zoning: Resid Single Family

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $14,427 $1,923,384 $677,657 $1,245,727
2023 $14,427 $1,368,115 $0 $0
2022 $13,882 $1,780,862 $752,199 $1,028,663
2021 $11,380 $1,221,673 $657,919 $563,754
2020 $10,261 $1,027,885 $601,913 $425,972
2019 $10,045 $1,011,527 $584,381 $427,146
2018 $11,011 $1,104,288 $0 $0
2017 $10,825 $1,092,169 $500,760 $591,409
2016 $10,606 $1,059,933 $0 $0
2015 $10,247 $1,020,712 $0 $0
2014 $9,410 $920,712 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2024 11/25/24 Price Changed $2,940,000 0.0% $1,178 / Sq Ft
11/25/2024 11/25/24 For Sale $2,940,000 +7.3% $1,178 / Sq Ft
09/15/2024 09/15/24 Off Market $2,740,000 -- --
07/02/2024 07/02/24 For Sale $2,740,000 +115.7% $1,098 / Sq Ft
06/07/2016 06/07/16 Sold $1,270,000 0.0% $509 / Sq Ft
04/05/2016 04/05/16 Pending -- -- --
02/20/2016 02/20/16 For Sale $1,270,000 -- $509 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,270,000 Attorney
Warranty Deed $1,895,000 --
Warranty Deed $1,325,000 Ati Title Company Llc
Special Warranty Deed $709,300 Sunbelt Title Agency
Warranty Deed $376,000 --
Warranty Deed $245,000 Sunbelt Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,150,000 Unknown
Closed $1,000,000 No Value Available
Previous Owner $1,705,500 No Value Available
Previous Owner $518,000 Construction
Previous Owner $302,052 No Value Available
Source: Public Records

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Source: Emerald Coast Association of REALTORS®

MLS Number: 953243

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25405-000-0420