NOT LISTED FOR SALE

Lot 2 Vermilion Way Santa Rosa Beach, FL 32459

WaterColor Neighborhood

Estimated Value: $2,173,000 - $5,172,700

0.19 Acre
$19,431,184 Price per Acre
8,276 Sq Ft Lot

Last Sold September 29, 2020

Last sale price $1,625,000

Est. 120% increase in value since last sale

Current estimated payment $20,933/month

33 Days on Market

Highlights

  • Lake Front
  • Boat Dock
  • Deeded access to the beach
  • Bay Elementary School Rated A-
  • Beach
  • Fishing

About This Lot

As of September 2020

Incredible lot located on one of Watercolor's most desirable streets with stunning views of Western Lake. Build your dream lakefront home with ample space to create your own outdoor oasis with a private swimming pool. Spend your evenings relaxing while enjoying the breathtaking sunsets over Western Lake. Nestled in the prestigious Vermilion Point district of WaterColor, this lot offers a serene sense of seclusion with access to the area's top amenities. The community amenities include six swimming pools, a Gulf front beach club, fitness center, nature trails, tennis facility, and a Boathouse offering paddle boarding, kayaking and canoeing. Camp WaterColor is great for kids and offers a lazy river, waterslide, parks and plenty of green space. WaterColor spans 499 acres across the prominent South Walton beaches and is the perfect setting for families to enjoy luxurious coastal living.

Last Agent to Sell the Property

Tristan Martin

EXP Realty LLC License #3255349 Listed on: 06/26/2020

EXP Realty LLC

Co-Listed By

Nathan Abbott Team

Abbott Realty Services Inc

Last Buyer's Agent

Judy Jones

Berkshire Hathaway HomeServices

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,381

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 65x130
  • Lake Front

HOA Fees

  • $420 Monthly HOA Fees

Schools

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

Additional Features

  • Lake Views
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25424-000-0020

Community Details

Overview

  • Association fees include accounting, ground keeping, land recreation, management, master, recreational faclty
  • Watercolor Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Community Pavilion

Recreation

  • Boat Dock
  • Beach
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Fishing
  • Deeded access to the beach

Property Details

Property Type

Land

Est. Annual Taxes

$12,381

Lot Details

0

HOA Fees

$420 per month

Listing Details

  • Property Sub Type: Vacant Land
  • Prop. Type: Land
  • Lot Size Acres: 0.19
  • Lot Size: 65x130
  • Road Surface Type: Paved Road
  • Co List Office Mls Id: EABS
  • Co List Office Phone: 850-460-2900
  • Subdivision Name: WATERCOLOR
  • Directions: From US 98 and County Hwy 395, head south on 395 for about 2 miles then turn right onto W Lake Forest Dr. Follow W Lake Forest Dr for about 0.5 miles then turn right onto Sand Hill Circle. Take a right onto Cove Hollow St then another right onto Vermilion Way and lot will be on the left after the first house.
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Waterfront:Coastal Dune Lakes: Yes
  • Special Features: None

Exterior Features

  • Lot Features: Survey Available, Within 1/2 Mile to Water
  • View: Lake
  • Waterfront Features: Coastal Dune Lakes
  • Waterfront: Yes
  • Lot Features:Within 12 Mile to Water: Yes
  • Lot Features:Survey Available: Yes

Utilities

  • Utilities: Public Sewer, Public Water

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Deed Access, Dock, Exercise Room, Fishing, Pavillion/Gazebo, Pets Allowed, Picnic Area, Playground, Pool, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 1260.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Land Recreation, Management, Master Association, Recreational Faclty

Schools

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

Lot Info

  • Lot Size Sq Ft: 8276.4
  • Parcel #: 15-3S-19-25424-000-0020
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 12380.79
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2023
Sold by
Griffith Steven R
Bought by
Exit Properties General Partne
Current Estimated Value
$3,573,642

Purchase Details

Closed on
Jul 12, 2022
Sold by
Integrity Properties Trust
Bought by
1 Tist Holdings Llc

Purchase Details

Listed on
Jun 26, 2020
Closed on
Oct 1, 2020
Sold by
Atlas Exchange 202 Llc
Bought by
Carter Joseph Kent and Integrity Properties Trust
Seller's Agent
Tristan Martin
EXP Realty LLC
Buyer's Agent
Judy Jones
Berkshire Hathaway HomeServices
List Price
$1,625,000
Sold Price
$1,625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.25%

Purchase Details

Listed on
Jun 26, 2020
Closed on
Sep 1, 2020
Sold by
Stagner Paul Franklin and Stagner Kimberly Shirley
Bought by
Atlas Exchange 202 Llc and Stagner Family Trust
Seller's Agent
Tristan Martin
EXP Realty LLC
Buyer's Agent
Judy Jones
Berkshire Hathaway HomeServices
List Price
$1,625,000
Sold Price
$1,625,000

Purchase Details

Closed on
Dec 3, 2019
Sold by
Vermilion Point Lot 2 Llc
Bought by
Stagner Paul Franklin and Stagner Shirley

Purchase Details

Listed on
May 31, 2017
Closed on
May 31, 2017
Sold by
Schaatt Wade S and Schaatt Leah K
Bought by
Vermilion Point Lot 2 Llc
Seller's Agent
Misty Mchenry
Watersound Real Estate
Buyer's Agent
Sterling Rainer
Scenic Sotheby's International Realty
List Price
$1,410,000
Sold Price
$1,410,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.83%

Purchase Details

Closed on
Sep 3, 2014
Sold by
Life Center Ministries Inc
Bought by
Schaatt Wade S and Schaatt Leah K

Purchase Details

Closed on
Dec 18, 2005
Sold by
North American Investments Llc
Bought by
Life Center Ministries Inc

Purchase Details

Closed on
Sep 17, 2004
Sold by
St Joe Home Building Lp
Bought by
North American Investments Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Exit Properties General Partne -- None Listed On Document
Exit Properties General Partne -- None Listed On Document
Griffith Steven R -- None Listed On Document
Griffith Steven R -- None Listed On Document
1 Tist Holdings Llc $100 None Listed On Document
1 Tist Holdings Llc $100 None Listed On Document
1 Tist Holdings Llc -- None Listed On Document
1 Tist Holdings Llc -- None Listed On Document
Carter Joseph Kent $1,625,000 Limestone T&E Llc
Atlas Exchange 202 Llc -- Attorney
Stagner Paul Franklin $1,500,000 Attorney
Vermilion Point Lot 2 Llc $1,410,000 Burke Law & Title Llc
Schaatt Wade S $1,040,000 Rodgers Kiefer Title
Life Center Ministries Inc $1,200,000 None Available
North American Investments Llc -- Residential Community Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kent Joseph Carter $6,000,000
Previous Owner Life Center Ministries Inc $70,052
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2020 09/29/20 Sold $1,625,000 0.0% --
07/29/2020 07/29/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $1,625,000 +15.2% --
06/23/2019 06/23/19 Off Market $1,410,000 -- --
05/31/2017 05/31/17 Sold $1,410,000 0.0% --
05/31/2017 05/31/17 For Sale $1,410,000 -- --
05/18/2017 05/18/17 Pending -- -- --
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 $11,358 $1,250,000 $1,250,000 --
2023 $11,358 $1,250,000 $1,250,000 $0
2022 $15,182 $1,671,553 $1,671,553 $0
2021 $14,152 $1,462,042 $1,462,042 $0
2020 $13,352 $1,337,585 $1,337,585 $0
2019 $12,897 $1,298,626 $1,298,626 $0
2018 $12,572 $1,260,802 $0 $0
2017 $12,132 $1,224,080 $1,224,080 $0
2016 $11,778 $1,177,000 $0 $0
2015 $11,181 $1,100,000 $0 $0
2014 $7,677 $1,000,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tristan Martin

    Seller's Agent in 2020

    Tristan Martin

    EXP Realty LLC

    (850) 341-8100

    2 in this area

    15 Total Sales

    Section Image

  • N

    Seller Co-Listing Agent in 2020

    Nathan Abbott Team

    Abbott Realty Services Inc

  • J

    Buyer's Agent in 2020

    Judy Jones

    Berkshire Hathaway HomeServices

  • Misty Mchenry

    Seller's Agent in 2017

    Misty Mchenry

    Watersound Real Estate

    (850) 865-3085

    4 in this area

    52 Total Sales

    Section Image

  • S

    Buyer's Agent in 2017

    Sterling Rainer

    Scenic Sotheby's International Realty

See All Agents

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 849523

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25424-000-0020

Florida Walton County Santa Rosa Beach 32459 WaterColor

Lot 2 Vermilion Way, Santa Rosa Beach, FL

This home is located at Lot 2 Vermilion Way, Santa Rosa Beach, FL 32459 since 26 June 2020 and is currently estimated at $3,691,925. Lot 2 Vermilion Way is a home located in Walton County with nearby schools including Bay Elementary School, Emerald Coast Middle School, and South Walton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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