37 S Compass Point Way Unit 421, Inlet Beach, FL 32461
About this home
This gulf-facing condominium in WaterSound Beach breaks away from traditional coastal design and delivers a dramatic architectural statement centered entirely around light, space, and sweeping views. Positioned high above the rare coastal dune lakes, this luxury residence offers unobstructed Gulf and lake vistas through soaring two-story windows that flood the interior with natural light. The main living area features 20-foot ceilings and an open layout that seamlessly connects the sitting area, dining space, and a newly reimagined kitchen—each framed by breathtaking coastal scenery. Step onto the private balcony to feel the Gulf breeze and take in the ever-changing water views, from sunrise to sunset. Completely renovated to the highest standard, the condo showcases fresh coastal finishes, custom lighting, and new paint throughout, creating a crisp, modern aesthetic. Three new HVAC systems provide comfort and efficiency year-round. The main level includes a guest bedroom and an updated bathroom with a tiled shower, ideal for visitors. The chef's kitchen is both stylish and functional, featuring new custom cabinetry, quartz countertops, and premium appliances, including a Viking refrigerator and range, plus a Bosch dishwasher. A built-in bar creates a natural gathering spot for evening cocktails, while the dining area comfortably seats six. A mezzanine loft overlooks the living space below, offering a flexible bonus area with a sleeper sofa and TV perfect for additional guests or a relaxed lounge. The open railing preserves sightlines to the Gulf, keeping the views front and center. On the lower level, a guest suite with an updated walk-in shower bath provides privacy and comfort. Just beyond the laundry area, the primary suite is a true retreat, featuring its own sitting area, a completely redesigned spa-style bathroom with a freestanding soaking tub, seated vanity, and fully tiled walk-in shower. The primary suite also opens to a private balcony, ideal for morning coffee or quiet evenings with a book. Offered fully furnished with a proven rental history, this residence is perfectly suited as a luxury investment property, second home, or full-time coastal residence. A detached garage provides valuable storage for golf carts, beach gear, and bicycles. Residents enjoy access to WaterSound's premier amenities, including private beach access, multiple pools, golf, tennis and pickleball courts, a wellness center, dining, and boutique shopping offering a refined coastal lifestyle unlike anything else on 30A.
CondoProperty Type
2005Year Built
$1,632Price/Sq.Ft.
$2,383/moHOA Dues
1 car garageParking
Listed by Penny Jackson• Scenic Sotheby's International Realty
Santa Rosa Beach, located between Grayton Beach State Park and Seaside, is a coastal and low-rise Miramar Beach neighborhood with dune-backed shorelines and pine-flatwood trails. The neighborhood’s character concentrates around the 30A corridor near the County Highway 393 junction, where bike traffic, beach cruisers, and small storefronts set a relaxed, design-forward pace. Architectural cues lean toward coastal cottages and contemporary beach homes with deep porches and metal roofs. Gulf views and rare coastal dune lakes shape daily rhythms, with boardwalks and trailheads threading through scrub and sand. Community pillars include The REP Theatre in Seaside, the open-air E.O. Wilson Park, and the long-running Grayton Beer Company taproom.
Provided by Walk Score and Local Logic
Offer insights
37 S Compass Point Way Unit 421 · $3,319,000
$3.23M and above
75% chance or better to win
Why $3.23M+ is a strong offer
DAYS ON MARKET
205 days
The average home goes pending in 95 days.
SALE-TO-LIST
95.9%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Furnished
Breakfast bar
Cathedral and vaulted ceilings
Newly painted
Window treatments
Bedrooms
3 bedrooms total
Master bedroom on the second floor with balcony, sitting area, dressing area, garden tub, double vanity and separate shower; waterfront master bedroom
Bathrooms
3 full bathrooms
Kitchen
Cooktop
Dishwasher
Disposal
Microwave
Refrigerator
Electric water heater
Laundry & utility
Washer
Dryer
Flooring
Tile
Heating & cooling
Central air conditioning
Multiple AC units (2 or more)
Electric water heater
Exterior features
Balcony
Pool
Gulf and lake views
Waterfront
BBQ pit/grill
Beach access
Landscaped grounds (association maintenance)
Home design
Townhouse/condo style (building with multiple stories)
3 stories in unit
Built in 2005
Facing/architectural style: N/A
Parking
Detached garage with garage door opener (1 garage space)
Security
Gated community
Community security included in association
Construction
Composite shingle roof
Shake siding and cement fiberboard siding
Built in 2005
Utilities
Public water
Public sewer
TV cable
HOA & community
Association present
Association covers grounds maintenance, recreational facilities, security, sewer, trash and water
Fees include accounting, ground keeping, recreational facility, security, sewer, trash, water and master association
Other
Short-term rentals allowed
Electricity and solar
View estimated energy costs and solar savings for this home
Sale and tax history for 37 S Compass Point Way Unit 421
Sale History
Tax History
Date
Event
Price
ECAR #994825
Jul 6, 2026
Price Changed
$3,319,000
$1,632/sq ft
Feb 9, 2026
Listed
$3,329,000
$1,637/sq ft
ECAR #985174
Sep 11, 2025
Listed
$3,350,000
$1,647/sq ft
NAMLS #892885
Mar 8, 2022
Sold
$2,600,000
$1,278/sq ft
Mar 8, 2022
Listed
$2,600,000
$1,278/sq ft
+22
The soaring two story living room captures panoramic vistas of the Gulf and Dune Lake in the highly sought after building of Compass Point II in Watersound Beach. The open kitchen is accented with custom cabinetry and luxury Viking appliances. The living area features 20' ceilings, highlighted by oversized windows. The third floor loft could be utilized for additional sleeping or as a secondary entertaining space to enjoy the exquisite views from sunrise to sunset. The oversized gulf front master suite is accented with a private balcony and a large master bath featuring separate shower and soaking tub. Two additional guest suites offer designer furnishings and private ensuite baths. A detached garage is included to provides optimal storage for your golf cart, bicycles and beach toys.
NAMLS #834480
Oct 23, 2020
Sold
$1,650,000
$811/sq ft
Nov 1, 2019
Listed
$1,675,000
$824/sq ft
NAMLS #768018
Jun 30, 2019
Listing Removed
—
Jan 25, 2017
Listed
$1,785,000
$878/sq ft
NAMLS #719459
Oct 21, 2016
Listing Removed
—
Dec 15, 2014
Listed
$1,950,000
$959/sq ft
Public Records
May 30, 2014
Sold
$225,100
$111/sq ft
Public Records
Feb 24, 2014
Sold
$1,136,600
$559/sq ft
NAMLS #552764
Dec 3, 2013
Sold
$1,390,000
$683/sq ft
Feb 19, 2011
Listed
$1,499,000
$737/sq ft
NAMLS #422234
May 23, 2008
Listing Removed
—
Mar 11, 2006
Listed
$1,995,000
$981/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$22,192 (+0.3%)
$2,456,055
2024
$22,116 (+12.0%)
2023
$19,745 (+18.5%)
$2,173,075
2022
$16,660 (+9.2%)
2021
$15,259 (+1.2%)
$1,576,350
2020
$15,073 (+10.6%)
2019
$13,632 (+2.6%)
$1,372,665
2018
$13,288 (+6.3%)
$1,332,677
2017
$12,503 (+6.3%)
$1,281,420
2016
$11,765 (+12.9%)
$1,220,400
2015
$10,420 (+24.2%)
$1,025,136
2014
$8,387
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Condo/Co-op
County
Walton County
APN
203S18160300000421
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 26, 2026.
CC
Coastal Center District
This district is primarily residential, allowing medium residential densities and supporting uses. All development is required to be connected to a public water and sewer system.
Permitted uses
Include but are not limited to:
Bank
Day care facility
Housing-Single unit
Housing-Multiple units
Mixed use building
Office
Medical office
Educational/school
Library
Museum / gallery
Climate risks
2/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
3% chance of being in a wildfire in next 30 years
10/10 Heat Factor
9 days above 105° expected this year, 26 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Inlet Beach, FL • 32461
Average low and high temperatures (°F)
59
43
65
52
71
57
76
63
81
70
86
76
89
79
87
76
85
73
79
64
73
58
64
48
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.2 hrs
7.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 37 S Compass Point Way Unit 421
There isn’t enough information to generate an accurate estimate at this time. Learn More
More resources
Rental earnings
Est. $3,285 per month, based on comparable rentals
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