NOT LISTED FOR SALE

Estimated Value: $2,550,387 - $3,235,000

4 Beds
4.5 Baths
2,646 Sq Ft
$1,094/Sq Ft Est. Value

Last Sold August 21, 2015

Last sale price $1,400,000 $529 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $17,369/month

206 Days on Market

Highlights

  • Beach
  • Deeded access to the beach
  • Beach House
  • Dune Lakes Elementary School Rated A-
  • Cathedral Ceiling
  • 3-minute walk to Park de Leonardo de Bicci

About This Home

As of August 2015

Located in Phase 1 and backing up to Seaside restaurants and shopping, this 4 bedroom, 4.5 bath home grosses over $100,000 in rental income per year. Recently painted inside and out, this wonderful home is decorated with tasteful coastal furnishings that are comfortable and inviting. Designed by architect David Riddle, the reverse floor plan home features a large open floor plan on the second floor to include a gourmet kitchen centered between an expansive dining room and living room with fireplace and vaulted ceilings. The second level also features two porches, one screened with fireplace and an additional porch leading from the kitchen which is perfect for dining. The first level features the Master bedroom with abundant light from the 3 walls of windows and three addt'bedrooms.

Last Agent to Sell the Property

Karen Ruden

Watersound Real Estate License #3179918 Listed on: 12/16/2014

Last Buyer's Agent

John Sullivan

Scenic Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,957

Year Built

  • Built in 2005

Lot Details

  • 4,792 Sq Ft Lot
  • Property fronts a county road
  • Interior Lot
  • Level Lot

HOA Fees

  • $362 Monthly HOA Fees

Home Design

  • Beach House
  • Frame Construction
  • Metal Roof
  • Wood Trim
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 2,646 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Woodwork
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Window Treatments
  • Insulated Doors
  • Family Room
  • Dining Room
  • Screened Porch

Kitchen

  • Gas Oven or Range
  • Range Hood
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Painted or Stained Flooring
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors
  • Fire Sprinkler System

Parking

  • 2 Detached Carport Spaces
  • Guest Parking

Eco-Friendly Details

  • Energy-Efficient Doors

Outdoor Features

  • Outdoor Shower
  • Deeded access to the beach
  • Balcony
  • Covered Deck

Schools

  • Bay Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Water Tap Fee Is Paid
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25405-000-0430

Community Details

Overview

  • Association fees include accounting, ground keeping, master, recreational faclty, security, cable TV, trash
  • Watercolor Subdivision
  • The community has rules related to covenants

Recreation

  • Beach
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,957

Year Built

Built in 2005

Lot Details

0

HOA Fees

$362 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.11
  • Lot Size: 0
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: WATERCOLOR
  • Directions: FROM 98W TAKE RIGHT ON 395S. FOLLOW TO RIGHT ON WESTERN LAKE DR ACROSS FOM PUBLIX. TAKE LEFT ON WESTERN LAKE DR TO #790 ON LEFT.
  • Architectural Style: Beach House
  • New Construction: No
  • Efficiency: Doors
  • Building Stories: 2
  • Year Built: 2005
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Rooms:Dining Room: Yes
  • Utilities:Tap Fee Paid: Yes
  • Washers: Yes
  • Utilities:Community Water: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Double Pane Windows: Yes
  • Energy:Insulated Doors: Yes
  • Rooms:Covered Porch: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Natural: Yes
  • Utilities:Underground: Yes
  • Rooms:Screened Porch: Yes
  • Energy:Storm Windows: Yes
  • Energy:Heat Cntrl Gas: Yes
  • Rooms:Family Room: Yes
  • Energy:Storm Doors: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Furnished - All
  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Range Hood, Refrigerator, Refrigerator W/IceMk, Stove/Oven Gas, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Fireplace Features: Fireplace Gas, Fireplace
  • Fireplace: Yes
  • Flooring: Floor Hardwood, Floor Tile
  • Interior Amenities: Ceiling Cathedral, Ceiling Crwn Molding, Ceiling Vaulted, Fireplace, Kitchen Island, Lighting Recessed, Owner's Closet, Washer/Dryer Hookup, Woodwork Painted
  • Window Features: Window Treatment All, Double Pane Windows, Storm Windows
  • Interior:WasherDryer Hookup: Yes
  • Mstr BdrmMstr Bath:MBath Shower Only: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Ceiling Cathedral: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Appliances:Freezer: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Ceiling Vaulted: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Woodwork Painted: Yes
  • Interior:Fireplace Gas: Yes
  • Interior:Fireplace: Yes

Exterior Features

  • Lot Features: Covenants, Interior, Level, Restrictions
  • Construction Type: Frame, Siding CmntFbrHrdBrd, Trim Wood
  • Exterior Features: Balcony, Shower
  • Foundation Details: Foundation On Piling
  • Patio And Porch Features: Deck Enclosed, Porch, Porch Screened
  • Property Condition: Construction Complete
  • Lot Features:Level: 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
  • Exterior:Balcony: Yes
  • ConstructionSiding:Foundation On Piling: Yes
  • ConstructionSiding:Frame: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Shower: Yes
  • Exterior:Porch Screened: Yes
  • ConstructionSiding:Trim Wood: Yes
  • Exterior:Fireplace2: Yes
  • Exterior:Deck Enclosed: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2.0
  • Parking Features: Carport Detached, Guest, Other
  • Parking Features:Other3: Yes
  • Parking Features:Guest: Yes
  • Parking Features:Carport Detached: Yes

Utilities

  • Security: Fire Alarm/Sprinkler
  • Cooling: Ceiling Fans, Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Sewer: Community Sewer, Public Sewer
  • Utilities: Community Water, Electric, Gas - Natural, Public Water, Tap Fee Paid, TV Cable, Underground
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, Exercise Room, Playground, Pool, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 1085.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Master Association, Recreational Faclty, Security, Cable TV, Trash

Schools

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

Lot Info

  • Lot Size Sq Ft: 4791.6
  • Parcel #: 15-3S-19-25405-000-0430
  • Zoning: Resid Single Family

Tax Info

  • Tax Annual Amount: 8957.1
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2014
Closed on
Aug 21, 2015
Sold by
Teale W Fred and Teale Susan J
Bought by
Constantine Arthur and Constantine Mary
Seller's Agent
Karen Ruden
Watersound Real Estate
Buyer's Agent
John Sullivan
Scenic Sotheby's International Realty
List Price
$1,400,000
Sold Price
$1,400,000
Current Estimated Value
$2,895,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,495,347
Avg. Annual Appreciation
7.52%
Original Mortgage
$840,000
Interest Rate
1.87%

Purchase Details

Closed on
Jan 15, 2004
Sold by
Rees 327 Llc
Bought by
Teale Fred and Teale Susan

Purchase Details

Closed on
Jul 23, 2003
Sold by
Nenni Michael L
Bought by
Rees 327 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
5.25%

Purchase Details

Closed on
Dec 2, 2002
Sold by
Luke John K and Luke Maureen O
Bought by
Nenni Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,500
Interest Rate
6.3%

Purchase Details

Closed on
Jun 27, 2002
Sold by
St Joe Arvida Home Building Lp
Bought by
Luke John K and Luke Maureen O
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
Constantine Arthur $1,400,000 Emerald Coast Title Svcs Llc
Teale Fred $401,800 Sunbelt Title Agency
Rees 327 Llc $390,000 Sunbelt Title Agency
Nenni Michael L $345,000 Sunbelt Title Agency
Luke John K $245,000 Sunbelt Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Constantie Arthur E $967,680
Closed Constantine Arthur $840,000
Previous Owner Teale W Fred $811,000
Previous Owner Rees 327 Llc $351,000
Previous Owner Nenni Michael L $310,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2015 08/21/15 Sold $1,400,000 0.0% $529 / Sq Ft
07/10/2015 07/10/15 Pending -- -- --
12/16/2014 12/16/14 For Sale $1,400,000 -- $529 / 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 $15,141 $2,027,455 $677,657 $1,349,798
2023 $15,141 $1,430,639 $0 $0
2022 $14,536 $1,866,850 $752,199 $1,114,651
2021 $11,862 $1,269,608 $657,919 $611,689
2020 $10,730 $1,074,860 $601,913 $472,947
2019 $10,458 $1,053,100 $584,381 $468,719
2018 $11,572 $1,160,526 $0 $0
2017 $11,250 $1,135,103 $500,760 $634,343
2016 $11,157 $1,114,967 $0 $0
2015 $10,713 $1,062,212 $0 $0
2014 -- $968,492 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 719516

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25405-000-0430