NOT LISTED FOR SALE

Estimated Value: $2,828,000 - $3,211,000

4 Beds
4.5 Baths
2,616 Sq Ft
$1,170/Sq Ft Est. Value

Last Sold March 08, 2022

Last sale price $2,750,000 $1,051 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $18,937/month

2 Days on Market

Highlights

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

About This Home

As of March 2022

Backing up to Western Lake, this home is ideally located in the sought-after Park District of Watercolor. The back porch is perfect for relaxing and taking in the picturesque views of the lake. Whether it be a primary residence, a second home or a rental opportunity this home comes fully furnished and ready for guests! It's conveniently tucked between Seaside and Grayton Beach, so amenities are never far with the boutique shopping, gourmet dining, and activities of 30A nearby. 786 Western Lake Drive offers effortless access to Watercolor Beach Club, The Boat House, Camp Watercolor and so much more!

Last Agent to Sell the Property

Marianne Grant Blake Cooper Group

Christies International Real Estate Emerald Coast Listed on: 01/21/2022

Christies International Real Estate Emerald Coast

Last Buyer's Agent

John Martin Group

Berkshire Hathaway HomeServices PenFed Realty

Berkshire Hathaway HomeServices PenFed Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,311

Year Built

  • Built in 2003

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 53x100x50x100
  • Property fronts a private road
  • Interior Lot

HOA Fees

  • $530 Monthly HOA Fees

Parking

  • 2 Attached Carport Spaces

Home Design

  • Beach House
  • Metal Roof
  • Cement Board or Planked

Interior Spaces

  • 2,616 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Fireplace
  • Plantation Shutters
  • Living Room
  • Screened Porch
  • Wood Flooring
  • Lake Views
  • Fire and Smoke Detector
  • Dryer

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Shower Only

Outdoor Features

  • Outdoor Shower
  • Deeded access to the beach

Schools

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

Utilities

  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25405-000-0290

Community Details

Overview

  • Association fees include accounting, internet service, management, master, recreational faclty, security, services, cable TV
  • Watercolor Subdivision
  • The community has rules related to covenants

Amenities

  • Elevator

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,311

Year Built

Built in 2003

Lot Details

0

HOA Fees

$530 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.12
  • Lot Size: 53X100X50X100
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: WATERCOLOR
  • Directions: From 30A turn North onto Watercolor Blvd and N to Watercolor Blvd E follow and take a right on Western Lake Dr. House will be on the left.
  • Architectural Style: Beach House
  • Carport Y N: Yes
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2003
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Furnished - All
  • Appliances: Dishwasher, Dryer, Microwave, Oven Continue Clean, Refrigerator W/IceMk, Smoke Detector
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Floor Hardwood
  • Interior Amenities: Breakfast Bar, Ceiling Raised, Fireplace
  • Window Features: Plantation Shutters, Window Treatment All
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Furnished - All: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Plantation Shutters: Yes
  • Interior:Fireplace: Yes
  • Appliances:Oven Continue Clean: Yes

Exterior Features

  • Lot Features: Covenants, Interior, Restrictions, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • View: Lake
  • Construction Type: Siding CmntFbrHrdBrd
  • Exterior Features: Shower
  • Patio And Porch Features: Porch, Porch Screened
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Lot Features:Interior: Yes
  • Exterior:Porch: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:Restrictions: Yes
  • ConstructionSiding:Roof Metal: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Shower: Yes
  • Exterior:Porch Screened: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electric, Phone, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, Dock, Dumpster, Elevators, Exercise Room, Fishing, Pets Allowed, Playground, Pool, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 1590.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Internet Service, Management, Master Association, Recreational Faclty, Security, Services, Cable TV

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-19-25405-000-0290
  • Zoning: Resid Single Family

Tax Info

  • Tax Annual Amount: 14310.88
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2022
Closed on
Mar 8, 2022
Sold by
Minline Corporation Llc
Bought by
Koller Alois J and Koller Sandra S
Seller's Agent
Marianne Grant Blake Cooper Group
Christies International Real Estate Emerald Coast
Buyer's Agent
John Martin Group
Berkshire Hathaway HomeServices PenFed Realty
List Price
$2,750,000
Sold Price
$2,750,000
Current Estimated Value
$3,059,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,679
Avg. Annual Appreciation
3.12%
Original Mortgage
$1,650,000
Outstanding Balance
$1,543,271
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$1,516,408

Purchase Details

Closed on
Oct 15, 2008
Sold by
Hutchinson Larry J and Hutchinson Janet M
Bought by
The Minline Corp Llc

Purchase Details

Closed on
May 3, 2002
Sold by
St Joe Arvida Home Building Lp
Bought by
Hutchinson Larry J and Hutchinson Janet M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,000
Interest Rate
7.16%
Source: Public Records

Range of Values:

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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
Koller Alois J $2,750,000 Shoreline Title
The Minline Corp Llc $1,400,000 Dba Bay County Land & Abstra
Hutchinson Larry J $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koller Alois J $1,650,000
Previous Owner The Minline Corporation L L C $500,000
Previous Owner Hutchinson Larry J $2,560,000
Previous Owner Hutchinson Larry J $768,000
Previous Owner Hutchinson Larry J $768,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2022 03/08/22 Sold $2,750,000 0.0% $1,051 / Sq Ft
01/23/2022 01/23/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $2,750,000 -- $1,051 / 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 $21,212 $2,421,895 $1,150,268 $1,271,627
2023 $21,212 $1,874,788 $0 $0
2022 $18,527 $2,327,428 $1,276,798 $1,050,630
2021 $15,687 $1,693,373 $1,116,765 $576,608
2020 $14,311 $1,457,839 $1,021,699 $436,140
2019 $13,416 $1,419,774 $991,941 $427,833
2018 $11,607 $1,164,095 $0 $0
2017 $14,523 $1,514,224 $1,224,080 $290,144
2016 $13,803 $1,466,872 $0 $0
2015 $13,008 $1,380,189 $0 $0
2014 $12,178 $1,286,033 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 882997

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25405-000-0290