Wow! Look at this price! Don't miss this fantastic opportunity to own a beautiful home in Watercolor. This beautiful home was just completed and is being sold furnished - and it is producing rental revenue! Home is nearly 2000 square feet heated and cooled with 800 feet of covered porches and a 180 ft deck. 10 foot ceilings up and down, tung and groove walls in great room and halls, wired for internet and security, hardwood floors, tile, granite counters and quality cabinets will round out this wonderful home. Walk out the back door to Wood Fern Park and on to the pool and amenities at Camp Watercolor. There is room on this lot to add a garage and carriage house. Gross rental income $39,480 for 2007, first year in rental program.
Single-familyProperty Type
2006Year Built
$1,104Est. Price/Sq.Ft.
2 spacesParking
Listed by Miriam Dillon• Grayton Coast Properties Inc
Listed by Kitty Taylor• Grayton Coast Properties Inc
Bought with Andy Wiggins• The Beach Group Properties LLC
Eastern Cove located in WaterColor's second Phase is a collection of fifty-five homesites. Close walk to Camp WaterColor and other great amenties.
Public Records
Oct 10, 2002
Sold
$241,500
$124/sq ft
Public Records
Sep 25, 2002
Sold
$17,568,600
$9,042/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$21,792 (−0.1%)
2024
$21,814 (+10.4%)
2023
$19,764 (+8.1%)
2022
$18,282 (+22.4%)
2021
$14,936 (+11.7%)
2020
$13,377 (+2.3%)
$517,402 + $822,665
$1,340,067
2019
$13,082 (+7.0%)
$502,332 + $814,913
$1,317,245
2018
$12,224 (+1.5%)
$487,701 + $738,289
$1,225,990
2017
$12,043 (+2.5%)
$473,496 + $741,595
$1,215,091
2016
$11,749 (+43.4%)
$455,285 + $725,346
$1,180,631
2015
$8,192 (+5.6%)
$425,500 + $404,603
$830,103
2014
$7,756
Tax history for 258 Red Cedar Way
Year
Property tax
Land + Additions
Assessment*
2025
$21,792 (−0.1%)
2024
$21,814 (+10.4%)
2023
$19,764 (+8.1%)
2022
$18,282 (+22.4%)
2021
$14,936 (+11.7%)
2020
$13,377 (+2.3%)
$517,402 + $822,665
$1,340,067
2019
$13,082 (+7.0%)
$502,332 + $814,913
$1,317,245
2018
$12,224 (+1.5%)
$487,701 + $738,289
$1,225,990
2017
$12,043 (+2.5%)
$473,496 + $741,595
$1,215,091
2016
$11,749 (+43.4%)
$455,285 + $725,346
$1,180,631
2015
$8,192 (+5.6%)
$425,500 + $404,603
$830,103
2014
$7,756
*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
5
Baths
5
Stories
2
Lot width
6 ft.
Lot depth
13 ft.
Lot size
6,839 Sq. Ft.
Year renovated
2006
Sq. Ft.
3,414
Year built
2006
Style
Single Family Residential
County
Walton County
APN
153S19254150000480
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.
Utilities: Electric, Gas - Natural, Phone, Tap Fee Paid
Energy: AC - Central Elect
Location
Assessment Information
Assessment Fees: Yes
Assessment Amount: 991.00
Assessment Paid: Quarterly
Homeowners Association Information
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 #: 258
Street Name: Red Cedar
Street Suffix: Way
City: Santa Rosa Beach
County: Walton
State: FL
Zip Code: 32461
Project Name/Subdivision: WATERCOLOR
Absolute Longitude: 86.132975
Longitude: -86.132975
Latitude: 30.324675
Directions: Turn north into main entrance of Watercolor, proceed on Watercolor Blvd and take a right on Western Lake Drive, turn left on Red Cedar Way - house in on corner of Red Cedar Way and Spartina Circle.
Project Facilities
Beach, Dock, Fishing, Pavillion/Gazebo, Playground, Pool, Tennis, Waterfront
Public facts
Beds: 5
Baths: 5.0
Sq. Ft.: 3,414
Stories: 2.0
Lot Size: 6,839 square feet
Style: Single Family Residential
Year Built: 2006
Year Renovated: 2006
County: Walton County
APN: 153S19254150000480
Home facts updated by county records on Aug 26, 2026
Other
Listing Price Information
List Price: 849000.00
List Price/SqFt: 391.15
Property Information
Apx SqFt(Htd/Cooled): 1943.00
Design: Florida Cottage
Sub-Type: Detached Single Family
Units Above Ground: 0.00
Around this home
Schools
Dune Lakes Elementary School
Public K-5 • Assigned • 3.7mi
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 • 32461
Average low and high temperatures (°F)
59
43
65
52
71
57
76
64
80
70
86
76
88
79
86
77
85
74
79
66
73
59
64
50
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
$2.04M – $2.47M
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