NOT LISTED FOR SALE

Estimated Value: $3,864,000 - $4,249,000

5 Beds
5.5 Baths
3,577 Sq Ft
$1,128/Sq Ft Est. Value

Last Sold November 20, 2013

Last sale price $1,530,000 $428 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $24,402/month

106 Days on Market

Highlights

  • Beach
  • Fishing
  • Florida Architecture
  • Bay Elementary School Rated A-
  • Vaulted Ceiling
  • Wood Flooring

About This Home

As of November 2013

PRICE REDUCTION.....READY TO GO. Great price for new house in Phase III...wonderful investment opportunity. WaterColor Resorts estimated gross rental income to be approximately $104,000/gross for 2013. Beautiful 5 Bedroom,5.5 bath plus bunk room home built by David Weekley Homes in Oak Grove of WaterColor. Within blocks of the Frog pool and minutes from the beach. This home offers exceptional design and multiple upgrades throughout. The first floor has a spacious, open floor plan with guest bedroom and bath, a large professionally equipped kitchen, large family room, fireplace, and Large Dining area. The second level features the Owners Retreat with a large Master Bath consisting of a separate shower and tub, separate vanities and a large walk-in closet. Two more bedrooms with their own private baths and a bunk room with 4 bunks for the kids competes this 2nd floor. Separate Carriage House over a 2 car garage features a spacious Living Area, Kitchen/Breakfast Area and Guest Retreat with Bath. Ugrades include all hardwood floors, glass tiles, wood walls and covered carport. This home is perfect for primary living with its large walk-in closets and great use of space. Home is centrally located to the best dining, unique boutique shops, bike paths and golf courses along the Emerald Coast. Easy access to Hwy. 98, allowing you easy access to Panama City and the new Northwest Florida Beaches International Airport. Contract to be written on a David Weekley Builder's Contract. Home being sold Furnished. Furniture and Accessories are available for separate purchase and are NOT included in the listing price. Additional Cost for Furniture and Accessories is $80,000.

Last Agent to Sell the Property

Linda Campbell

Watersound Real Estate License #650333 Listed on: 06/20/2013

Last Buyer's Agent

Nathan Lambert

ResortQuest Real Estate Seagrove Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,736

Year Built

  • Built in 2013

Lot Details

  • Lot Dimensions are 50x110

HOA Fees

  • $350 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Home Design

  • Florida Architecture
  • Metal Roof
  • Wood Trim
  • Cement Board or Planked

Interior Spaces

  • 3,577 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Recessed Lighting
  • Family Room
  • Dining Room
  • Exterior Washer Dryer Hookup

Kitchen

  • Breakfast Bar
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only in Primary Bathroom

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Covered Deck
  • Open Patio
  • Porch

Schools

  • Bay 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-19-25420-000-0260

Community Details

Overview

  • Association fees include accounting, ground keeping, land recreation, management, recreational faclty, cable TV, trash
  • Watercolor Subdivision

Amenities

  • Picnic Area

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,736

Year Built

Built in 2013

Lot Details

0

HOA Fees

$350 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 50X110
  • Subdivision Name: WATERCOLOR
  • Directions: From 98 take 395S. Turn right on Lake Forest Dr. Continue Right on Lake Forest Drive. Turn Left on Needlerush Drive. Turn Left on Scrub Oak Circle. Home is 2nd on right.
  • Architectural Style: Florida Cottage
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2013
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Rooms:Dining Room: Yes
  • Rooms:Family Room: Yes
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Oven Self Cleaning, Range Hood, Refrigerator, Security System, Smoke Detector, Stove/Oven Gas
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Interior Amenities: Breakfast Bar, Ceiling Raised, Floor Hardwood, Floor Tile, Furnished - None, Kitchen Island, Lighting Recessed, Washer/Dryer Hookup
  • Interior:WasherDryer Hookup: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:StoveOven Gas: Yes
  • Interior:Kitchen Island: Yes
  • Appliances:Security System: Yes

Exterior Features

  • Construction Type: Roof Metal, Siding CmntFbrHrdBrd, Trim Wood
  • Exterior Features: Deck Covered, Patio Open, Porch, Porch Open, Shower
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Porch: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Deck Covered: Yes
  • Exterior:Patio Open: Yes
  • Exterior:Porch Open: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Shower: Yes
  • ConstructionSiding:Trim Wood: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage Detached
  • Parking Features:Garage Detached: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Beach, Exercise Room, Fishing, Picnic Area, Playground, Pool, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 1050.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Land Recreation, Management, Recreational Faclty, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 15-3S-19-25420-000-0260
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2013
Closed on
Nov 20, 2013
Sold by
Weekley Homes Llc
Bought by
Ray John Stephen and Ray Brandy Bel
Seller's Agent
Linda Campbell
Watersound Real Estate
Buyer's Agent
Nathan Lambert
ResortQuest Real Estate Seagrove Beach
List Price
$1,530,000
Sold Price
$1,530,000
Current Estimated Value
$4,035,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,505,933
Avg. Annual Appreciation
8.59%
Original Mortgage
$220,000
Interest Rate
3.37%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Oct 6, 2008
Closed on
Apr 3, 2012
Sold by
Templet Joseph R and Templet Vicki Jo
Bought by
Weekley Homes Llc
Seller's Agent
Sterling Rainer
Berkshire Hathaway HomeServices
Buyer's Agent
Sterling Rainer
Berkshire Hathaway HomeServices
List Price
$320,000
Sold Price
$320,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
161.15%

Purchase Details

Closed on
Sep 23, 2003
Sold by
St Joe Arvida Home Building Lp
Bought by
Templet Joseph R and Templet Vicki Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
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
Ray John Stephen $1,530,000 Town Square Title Ltd
Weekley Homes Llc $320,000 Town Square Title Ltd
Templet Joseph R $316,500 Residential Cmnty Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ray John Stephen $510,400
Closed Ray John Stephen $220,000
Closed Ray John Stephen $417,000
Previous Owner Templet Joseph R $290,000
Previous Owner Templet Joseph R $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2013 11/20/13 Sold $1,530,000 0.0% $428 / Sq Ft
10/04/2013 10/04/13 Pending -- -- --
06/20/2013 06/20/13 For Sale $1,530,000 +378.1% $428 / Sq Ft
04/03/2012 04/03/12 Sold $320,000 0.0% $89 / Sq Ft
01/17/2012 01/17/12 Pending -- -- --
10/06/2008 10/06/08 For Sale $320,000 -- $89 / 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 $24,736 $3,422,936 $753,636 $2,669,300
2023 $24,736 $2,105,734 $0 $0
2022 $22,058 $2,898,996 $836,536 $2,062,460
2021 $17,521 $1,881,587 $731,685 $1,149,902
2020 $15,793 $1,582,069 $669,400 $912,669
2019 $15,244 $1,535,038 $649,903 $885,135
2018 $14,797 $1,483,996 $0 $0
2017 $14,473 $1,460,285 $612,596 $847,689
2016 $14,191 $1,418,196 $0 $0
2015 $13,741 $1,351,847 $0 $0
2014 -- $1,378,982 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 588396

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25420-000-0260