98 S Founders Ln Inlet Beach, FL 32413
Watersound Neighborhood
5
Beds
5
Baths
3,596
Sq Ft
5,140
Sq Ft Lot
Highlights
- Beach
- Deeded access to the beach
- Gated Community
- Bay Elementary School Rated A-
- Gulf View
- Beach House
About This Home
As of May 2022Price reduced $400,000 for quick sale before home is taken off the market and renovated by owners! The name Watersound Beach is synonymous with the term ''secluded beach retreat'' and theres no better way to enjoy this charming paradise than by experiencing it thru the spectacular property at 98 S Founders Ln. Situated just one lot off the sprawling dunes that lead to the emerald green waters of the Gulf of Mexico, this home is ideally located to take advantage of all the best that Watersound has to offer.
Designed by Dungan Nequette Architects, this beach retreat marries this area's unique style of coastal luxury with that of the Nantucket Coastline making this property truly one-of-a-kind. Staying true to the coastal inspirations that give this house it's indelible charm, there was a partial redecoration undertaken by Jamie Christ of Coastal Homes in 2014 that helped bring many of the spaces in this home to another level of effortless comfort. Upon entry, you're greeted by heart of pine floors leading you into a masterfully equipped kitchen complete with Wolf appliances. The chef's kitchen overlooks the living and dining spaces creating an open yet intimate environment that can be easily shared with a group of family and friends after a day at the beach! Walking through the house you will find four large bedrooms and baths each uniquely complimenting the feel of the house. Two masters, on the ground and second floor, boast beautiful en-suite baths and private porches for their guests. Above the two car garage is a fully independent carriage house with separate access sporting a refrigerator, cooktop and dishwasher. It is a perfect space for those desiring more privacy while still being part of this beach retreat! A trip to the tower room reveals a stunning panoramic view of the beach rivaled by few properties in the area overlooking nearly a mile of pristine white sand dunes carefully and perfectly preserved for the enjoyment of all individuals in Watersound Beach. Step onto the boardwalk in front of the house and you're instantly connected to the sugar white sands of the beach and waters while the same boardwalk will connect you to the rest of the community via intricately woven paths through some of Florida's most beautiful and protected native vegetation. Watersound Beach must truly be experienced to be believed.
If you have been looking for the perfect coastal "cottage" where your family and friends can come to make memories that will last a lifetime, this property should be at the top of your list! Sold AS IS and fully furnished. Last two years of rental history in the documents section.
Last Agent to Sell the Property
- Ecn.rets.e6296
ecn.rets.RETS_OFFICE Listed on: 07/03/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $19,478
Year Built
- Built in 2007
Lot Details
- Lot Dimensions are 19x47x73x50x106
- Property fronts a private road
- Cul-De-Sac
- Street terminates at a dead end
- Back Yard Fenced
- Corner Lot
- Interior Lot
- Level Lot
- Sprinkler System
HOA Fees
- $430 Monthly HOA Fees
Parking
- 2 Car Detached Garage
- Automatic Garage Door Opener
Home Design
- Beach House
- Dwelling with Rental
- Frame Construction
- Dimensional Roof
- Composition Shingle Roof
- Wood Trim
- Piling Construction
Interior Spaces
- 3,596 Sq Ft Home
- 3-Story Property
- Furnished
- Beamed Ceilings
- Ceiling Fan
- Gas Fireplace
- Double Pane Windows
- Dining Room
- Wood Flooring
- Gulf Views
Kitchen
- Gas Oven or Range
- <<selfCleaningOvenToken>>
- Stove
- Cooktop<<rangeHoodToken>>
- <<microwave>>
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Full Bathrooms
- Shower Only in Primary Bathroom
Laundry
- Dryer
- Washer
Home Security
- Fire and Smoke Detector
- Fire Sprinkler System
Outdoor Features
- Outdoor Shower
- Deeded access to the beach
- Balcony
- Built-In Barbecue
- Porch
Schools
- Bay Elementary School
- Seaside Middle School
- South Walton High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Underground Utilities
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 20-3S-18-16010-000-0470
Community Details
Overview
- Association fees include accounting, ground keeping, land recreation, management, recreational faclty, security, trash
- Watersound Beach Subdivision
- The community has rules related to covenants
Amenities
- Community Barbecue Grill
- Picnic Area
- Recreation Room
Recreation
- Beach
- Tennis Courts
- Community Pool
Security
- Gated Community
- Building Fire Alarm
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 14, 2022
Closed on
May 23, 2022
Sold by
Landry Michael P and Landry Judith A
Bought by
Forest Hill Founders Llc
Seller's Agent
Marsha Burke
Scenic Sotheby's International Realty
Buyer's Agent
The Geppert Beek Group
Scenic Sotheby's International Realty
List Price
$5,100,000
Sold Price
$5,100,000
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
$59,297
Avg. Annual Appreciation
0.08%
Purchase Details
Listed on
Jul 3, 2019
Closed on
Sep 30, 2020
Sold by
Faulkner Dustin M and Faulkner Stacey F
Bought by
Landry Michael P and Landry Judith A
Seller's Agent
- Ecn.rets.e6296
ecn.rets.RETS_OFFICE
Buyer's Agent
Kim Ryals
Berkshire Hathaway HomeServices
List Price
$2,610,000
Sold Price
$2,610,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.45%
Original Mortgage
$2,088,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 20, 2015
Sold by
Raptor Petroleum Llc
Bought by
Faulkner Dustin M and Faulkner Stacey F
Purchase Details
Listed on
Aug 21, 2012
Closed on
Feb 28, 2013
Sold by
Sims Kathleen J and Sims Joe C
Bought by
Raptor Petroleum Llc
Seller's Agent
Janice Phillips
30-A Realty Inc
Buyer's Agent
- Ecn.rets.e6296
ecn.rets.RETS_OFFICE
List Price
$1,775,000
Sold Price
$1,775,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.92%
Purchase Details
Closed on
Dec 30, 2011
Sold by
Devaney James A and Kepano Anthony
Bought by
Sims Kathleen J and Sims Joe C
Purchase Details
Closed on
Aug 7, 2003
Sold by
Mosley Ralph and Mosley Juli
Bought by
Devaney James A and Kepano Anthony
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Interest Rate
5.42%
Mortgage Type
Unknown
Purchase Details
Closed on
Dec 27, 2002
Sold by
St Joe Arvida Home Building Lp
Bought by
Mosley Ralph and Mosley Juli
Similar Homes in the area
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $5,100,000 | Porath & Associates Pa | |
| Warranty Deed | $2,610,000 | Shoreline Title Llc | |
| Warranty Deed | $1,914,100 | None Available | |
| Warranty Deed | $1,775,000 | None Available | |
| Warranty Deed | $1,425,000 | Neighborhood Title Group | |
| Warranty Deed | $675,000 | Sunbelt Title Agency | |
| Special Warranty Deed | $525,000 | Sunbelt Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,088,000 | New Conventional | |
| Previous Owner | $1,250,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $607,500 | Unknown | |
| Previous Owner | $518,884 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2022 05/23/22 | Sold | $5,100,000 | 0.0% | $1,418 / Sq Ft |
| 04/18/2022 04/18/22 | Pending | -- | -- | -- |
| 04/14/2022 04/14/22 | For Sale | $5,100,000 | +95.4% | $1,418 / Sq Ft |
| 09/30/2020 09/30/20 | Sold | $2,610,000 | 0.0% | $726 / Sq Ft |
| 09/03/2020 09/03/20 | Pending | -- | -- | -- |
| 07/03/2019 07/03/19 | For Sale | $2,610,000 | +47.0% | $726 / Sq Ft |
| 02/28/2013 02/28/13 | Sold | $1,775,000 | 0.0% | $467 / Sq Ft |
| 02/07/2013 02/07/13 | Pending | -- | -- | -- |
| 08/21/2012 08/21/12 | For Sale | $1,775,000 | -- | $467 / 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 | $34,918 | $3,794,555 | $1,537,194 | $2,257,361 |
| 2023 | $34,918 | $3,842,857 | $1,537,194 | $2,305,663 |
| 2022 | $27,709 | $3,357,182 | $1,706,286 | $1,650,896 |
| 2021 | $23,338 | $2,411,011 | $1,492,421 | $918,590 |
| 2020 | $22,188 | $2,222,755 | $1,241,253 | $981,502 |
| 2019 | $22,480 | $2,263,592 | $1,205,100 | $1,058,492 |
| 2018 | $21,807 | $2,211,454 | $0 | $0 |
| 2017 | $19,478 | $1,965,230 | $940,594 | $1,024,636 |
| 2016 | $18,751 | $1,873,850 | $0 | $0 |
| 2015 | $17,922 | $1,783,531 | $0 | $0 |
| 2014 | -- | $1,582,219 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Marsha Burke
M
Seller's Agent in 2022
Marsha Burke
Scenic Sotheby's International Realty
(770) 722-8656
6 in this area
34 Total Sales
-
The Geppert Beek Group
T
Buyer's Agent in 2022
The Geppert Beek Group
Scenic Sotheby's International Realty
(850) 543-1457
29 in this area
92 Total Sales
-
-
Seller's Agent in 2020
- Ecn.rets.e6296
ecn.rets.RETS_OFFICE
-
Kim Ryals
Buyer's Agent in 2020
Kim Ryals
Berkshire Hathaway HomeServices
(205) 222-6189
1 in this area
52 Total Sales
-
J
Seller's Agent in 2013
Janice Phillips
30-A Realty Inc
-
J
Seller Co-Listing Agent in 2013
James Phillips
30-A Realty Inc
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 826435
APN: 20-3S-18-16010-000-0470
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