OFF MARKET

Off Market Mar 2016 for $1.5M

$2,827,155

Est. refi paymentEst. refi $9,552/mo

•

2,905

sq ft

242 Red Cedar Way, Santa Rosa Beach, FL 32459

About this home

This beautiful non rental WaterColor home is located on arguably one of the best phase 2 lots. Backing up to green space with views of Western Lake, green space on one side and a nice park across the street the privacy is hard to beat. The extra wide lot easily accommodates a full 2 car front entry garage and offers ample parking. The outdoor spaces include 4 covered porches and a grilling area and patio, a pool should be easy to add. 5 bedrooms, hallway bunks, 5.5 bath means there is plenty of room for the entire family and even some friends. The kitchen has plenty of work space, high end appliances and is open to living/dining area.

Single-familyProperty Type

2007Year Built

$973Est. Price/Sq.Ft.

2 garage spacesParking

Listed by Scott Cobine • Berkshire Hathaway HomeServices

Bought with Karen Wagner • The Premier Property Group Watercolor Office

Redfin checked: a minute ago

•Source:ECAR #737672

Redfin Estimate

$2,827,155

$1.3M since sold in March 2016$46K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 20.4% lower than the average sale price ($3.55M) of 5 comparable homes.

SOLD JUL 31, 2026
$3,875,000
A
5 beds5.5 baths4,256 sq ft
432 Pine Needle Way, Santa Rosa Beach, FL 32459
SOLD JUN 25, 2026
$3,000,000
B
5 beds4.5 baths2,568 sq ft
93 Needlerush Dr, Santa Rosa Beach, FL 32459
SOLD APR 14, 2026
$3,300,000
C
5 beds5.5 baths3,341 sq ft
21 Mistflower Ln, Santa Rosa Beach, FL 32459
SOLD JUN 10, 2026
$3,500,000
D
5 beds4.5 baths3,356 sq ft
178 Bluejack St, Santa Rosa Beach, FL 32459
SOLD MAR 25, 2026
$4,075,000
E
5 beds5.5 baths2,821 sq ft
265 Western Lake Dr, Santa Rosa Beach, FL 32459

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Earn from this home

Sell

$1,736,792

Est. take-home

List your home with Redfin and save $28,272

Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$6,163/mo

Redfin rental estimate

List your home for rent

Market trends in 32459, FL

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

95.9%

+0.3% MoM

Median sale price

$915K

$35K MoM

Avg. days on market

87d

1 days MoM

Recently sold homes

360

36 MoM

New listings for sale

NEW 4 HRS AGO
$385,000
3 beds2 baths1,399 sq ft
94 Garden St, Santa Rosa Beach, FL 32459
NEW 6 HRS AGO
$364,900
2 beds2 baths933 sq ft
10 Silk Bay Dr Unit 122, Santa Rosa Beach, FL 32459
NEW 7 HRS AGO
$964,000
3 beds3 baths2,196 sq ft
4545 E Co Highway 30a Unit B202, Santa Rosa Beach, FL 32459
NEW 9 HRS AGO
$349,990
2 beds2 baths940 sq ft
34 Herons Watch Way Unit 3104, Santa Rosa Beach, FL 32459
NEW 11 HRS AGO
$269,500
3 beds2.5 baths1,576 sq ft
19 E Shady Oaks Ln Unit A, Santa Rosa Beach, FL 32459
NEW 12 HRS AGO
$2,250,000
3 beds2 baths1,074 sq ft
64 Roberts Way, Santa Rosa Beach, FL 32459
NEW 14 HRS AGO
$1,999,999
5 beds5.5 baths5,570 sq ft
237 Royal Palm Blvd, Santa Rosa Beach, FL 32459
NEW 14 HRS AGO
$455,000
3 beds2 baths1,820 sq ft
75 Gustaf Dr, Santa Rosa Beach, FL 32459
NEW 30 HRS AGO
$725,000
3 beds3.5 baths1,945 sq ft
1732 W Co. Hwy. 30a Unit 201R, Santa Rosa Beach, FL 32459
NEW 31 HRS AGO
$770,000
3 beds2 baths1,522 sq ft
4923 E County Highway 30a Unit 101B, Santa Rosa Beach, FL 32459
See all

Provided by Redfin

Sale history for 242 Red Cedar Way

Date

Event

Price

ECAR #737672

Mar 1, 2016

Sold

$1,500,000

$516/sq ft

Mar 1, 2016

Sold

$1,500,000

$516/sq ft

Sep 4, 2015

Listed

$1,599,000

$550/sq ft

+45

NAMLS #469740

Sep 10, 2008

Sold

$1,550,000

$534/sq ft

Sep 10, 2008

Sold

$1,550,000

$534/sq ft

Jun 14, 2007

Listed

$1,795,000

$618/sq ft

Jun 14, 2007

Listed

$1,795,000

$618/sq ft

This remarkable home, designed by Geoff Chich & Assoc., is located directly across from Wood Fern Park and Camp WaterColor in Phase II. It is complete with a full carriage house featuring 1 bedroom, a full bath, and a kitchenette, and the main home features 3 full bedrooms and bunk area + Media room downstairs with the 5th bedroom being the Master located on the second floor. As you walk upstairs you are greeted with high-ceilings and a beautiful open floor plan perfect for entertaining. The home has abundant porch space with the front porches having views of Wood Fern Park & Camp WaterColor and the rear porches having distant views of Western Lake. This home is being sold fully furnished!

NAMLS #365216

Jan 3, 2005

Sold

$691,000

$238/sq ft

Jan 3, 2005

Sold

$691,000

$238/sq ft

Jul 6, 2004

Listed

$700,000

$241/sq ft

Jul 6, 2004

Listed

$700,000

$241/sq ft

Public Records

Aug 13, 2003

Sold

$390,000

$134/sq ft

ECAR #337091

Jan 9, 2003

Listed

$425,000

$146/sq ft

Public Records

Oct 8, 2002

Sold

$306,500

$106/sq ft

Public Records

Sep 25, 2002

Sold

$17,568,600

$6,048/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$21,539 (+0.3%)

2024

$21,472 (+10.0%)

2023

$19,511 (+6.5%)

2022

$18,322 (+21.3%)

2021

$15,106 (+11.0%)

2020

$13,612 (+3.5%)

$569,142 + $794,462

$1,363,604

2019

$13,152 (+5.2%)

$552,565 + $771,776

$1,324,341

2018

$12,500 (+2.8%)

$536,471 + $717,177

$1,253,648

2017

$12,162 (+6.2%)

$520,846 + $706,285

$1,227,131

2016

$11,448 (+3.3%)

$500,813 + $643,272

$1,144,085

2015

$11,077 (+3.6%)

$468,050 + $621,735

$1,089,785

2014

$10,697

Tax history for 242 Red Cedar Way

Year

Property tax

Land + Additions

Assessment*

2025

$21,539 (+0.3%)

2024

$21,472 (+10.0%)

2023

$19,511 (+6.5%)

2022

$18,322 (+21.3%)

2021

$15,106 (+11.0%)

2020

$13,612 (+3.5%)

$569,142 + $794,462

$1,363,604

2019

$13,152 (+5.2%)

$552,565 + $771,776

$1,324,341

2018

$12,500 (+2.8%)

$536,471 + $717,177

$1,253,648

2017

$12,162 (+6.2%)

$520,846 + $706,285

$1,227,131

2016

$11,448 (+3.3%)

$500,813 + $643,272

$1,144,085

2015

$11,077 (+3.6%)

$468,050 + $621,735

$1,089,785

2014

$10,697

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

7 ft.

Lot depth

11 ft.

Lot size

6,970 Sq. Ft.

Year renovated

2007

Sq. Ft.

2,905

Year built

2007

Style

Single Family Residential

County

Walton County

APN

153S19254150000070

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 9, 2026.

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

Property details

Parking

Parking Information
Parking Features: Garage Detached, Guest
Garage Spaces: 2.00
Driveway Spaces: 4.00

Interior

Bedroom Information
Bedrooms: 5
Bedroom: First
Master Bedroom: Second

Bathroom Information
Full Baths: 5
Half Baths: 1
Total Baths: 6.00
Master Bedroom/Master Bath: MBath Garden Tub, MBed Balcony

Room Information
Rooms: Bedroom, Dining Room, Kitchen, Living Room, Master Bedroom, Media Room, Separate Apartment
Kitchen: Second
Living Room: Second

Room 1
Media Room
Area: 176.00
Dimensions: 16 x 11
Dimensions: 11x16
Length: 16.00
Width: 11.00
Level: 1
Room Level: 1

Room 2
Bedroom
Area: 121.00
Dimensions: 11 x 11
Dimensions: 11x11
Length: 11.00
Width: 11.00
Level: 1
Room Level: 1

Room 3
Bedroom
Area: 132.00
Dimensions: 12 x 11
Dimensions: 11x12
Length: 12.00
Width: 11.00
Level: 1
Room Level: 1

Room 4
Bedroom
Area: 143.00
Dimensions: 13 x 11
Dimensions: 11x13
Length: 13.00
Width: 11.00
Level: 1
Room Level: 1

Room 5
Kitchen
Area: 150.00
Dimensions: 15 x 10
Dimensions: 10x15
Length: 15.00
Width: 10.00
Level: 2
Room Level: 2

Room 6
Living Room
Area: 216.00
Dimensions: 18 x 12
Dimensions: 12x18
Length: 18.00
Width: 12.00
Level: 2
Room Level: 2

Room 7
Dining Room
Area: 72.00
Dimensions: 9 x 8
Dimensions: 8x9
Length: 9.00
Width: 8.00
Level: 2
Room Level: 2
Remarks: Dining/Living Combo

Room 8
Master Bedroom
Dimensions: 12.16
Level: 2
Room Level: 2
Remarks: Dimensions: 12.16

Room 9
Separate Apartment
Area: 460.00
Dimensions: 23 x 20
Dimensions: 20x23
Length: 23.00
Width: 20.00
Level: 2
Room Level: 2

Interior Features
Appliances: Refrigerator W/IceMk, Stove/Oven Gas
Interior: Built-In Bookcases, Ceiling Raised, Ceiling Tray/Cofferd, Floor Hardwood, Furnished - Some, Guest Quarters, Kitchen Island

Exterior

Exterior Features
Pool Type: None
Exterior: Balcony, BBQ Pit/Grill, Columns, Guest Quarters, Summer Kitchen

Lot Information
Lot Dimensions: 66x100x65x113
Lot Features: Covenants, Within 1/2 Mile to Water, Wooded
Zoning: Residential Single Family

Building Information
Construction Status: Construction Complete
Construction/Siding: Roof Metal

Financial

Tax Information
Last Tax Year: 2014
Last Taxes: 10697.37

Financial Information
Mortgage Type: Conventional
Brokerage Interest: No Interest

Utilities

Utility Information
Utilities: Community Sewer, Community Water
Energy: AC - Central Elect

Location

Assessment Information
Assessment Fees: Yes
Assessment Amount: 1085.00
Assessment Paid: Quarterly

Homeowners Association Information
Fees Include: Management, Recreational Faclty, TV Cable
New Buyer Fee
%

School Information
Elementary School: Bay
Middle School: Emerald Coast
High School: South Walton

Location Information
Sub Area: 1802 - East of Hwy 395
Area: 18 - 30A East
Street #: 242
Street Name: Red Cedar
Street Suffix: Way
City: Santa Rosa Beach
County: Walton
State: FL
Zip Code: 32459
Project Name/Subdivision: WATERCOLOR
Absolute Longitude: 86.133377
Longitude: -86.133377
Latitude: 30.324679
Directions: Located in Phase 2 of WaterColor, from Western Lake Dr go N on Red Cedar, home will be on your left

Project Facilities
Deed Access, Exercise Room, Marina, Pavillion/Gazebo, Pets Allowed, Pool, Tennis, Waterfront, Whirlpool

Public facts

Beds: 4
Baths: 4.0
Sq. Ft.: 2,905
Stories: 2.0
Lot Size: 6,970 square feet
Style: Single Family Residential
Year Built: 2007
Year Renovated: 2007
County: Walton County
APN: 153S19254150000070

Home facts updated by county records on Sep 8, 2026

Other

Listing Price Information
List Price: 1599000.00
List Price/SqFt: 550.43

Property Information
Apx SqFt(Htd/Cooled): 2905.00
Design: Florida Cottage
Sub-Type: Detached Single Family
Waterview: Lake

Listing Information
Immediate Occupancy: Immediate Occupancy

Around this home

Schools

Dune Lakes Elementary School

Public K-5 • Assigned • 3.8mi

10/10

Emerald Coast Middle School

Public 6-8 • Assigned • 2.6mi

8/10

South Walton High School

Public 9-12 • Assigned • 4.7mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

4/10 Fire Factor

2% chance of being in a wildfire in next 30 years

10/10 Heat Factor

7 days above 105° expected this year, 22 days in 30 years

9/10 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

Santa Rosa Beach, FL • 32459

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.5 hours in June and 5.5 hours in December, placing it above the U.S. average for solar exposure.

9.5 hrs

5.5 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$2.69M – $3.25M

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Home values near 242 Red Cedar Way

Data from public records.

Address	Redfin Estimate
297 Red Cedar Way, Santa Rosa Beach, FL 4 Beds \| 4.5 Baths \| 2484 Sq. Ft.	$2,430,736
283 Red Cedar Way, Santa Rosa Beach, FL 4 Beds \| 3 Baths \| 2726 Sq. Ft.	$2,665,655

Address	Redfin Estimate
258 Red Cedar Way, Santa Rosa Beach, FL 3 Beds \| 2.5 Baths \| 1943 Sq. Ft.	$2,145,831
307 Red Cedar Way, Santa Rosa Beach, FL 5 Beds \| 4 Baths \| 2522 Sq. Ft.	$2,284,026

Address	Redfin Estimate
241 Red Cedar Way, Santa Rosa Beach, FL 7 Beds \| 6.5 Baths \| 4776 Sq. Ft.	$4,682,119
179 Red Cedar Way, Santa Rosa Beach, FL 4 Beds \| 4.5 Baths \| 2568 Sq. Ft.	$2,808,411

Property information provided by ECAR when last listed in 2015. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 32459, FL

Sale history for 242 Red Cedar Way

Tax history for 242 Red Cedar Way

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 32459

Home values near 242 Red Cedar Way

More real estate resources