Located on a corner lot in beautiful Watercolor Resort this four bedroom home is offered fully furnished, including a golf cart, and backs up to the conservation area by Western Lake. Five spacious porches totaling 1,350 square feet, private pool, outdoor fireplace and an open concept living, kitchen and dining area are just some of the special features of this property. The kitchen and all bathrooms have been recently renovated and all feature quartz countertops, new custom cabinetry, fixtures and lighting. Additionally, the exterior of the home was repainted in the last year. The second floor offers two master bedrooms, a guest bedroom, a fourth bedroom with two sets of built in bunks and a custom hall bunk area. Located just a short stroll to the beach or Camp Watercolor pool. Located on 499 acres in the renowned South Walton Beaches, Watercolor was created with families in mind and offers the charm of small town life. Watercolor Resort is tucked between the beautiful beaches of the Emerald Coast and Western Lake, a natural 220-acre coastal dune lake. Watercolor is rich in natural beauty and offers exceptional community amenities which include a new homeowner owned gulf front beach club, featuring three pools, a full-service restaurant, new restrooms and easy beach-to-pool access. The recently updated Camp Watercolor offers a lazy river and slide, multiple pools, park, lush green spaces and food service. Enjoy miles of walking and bike trails, a boathouse offering kayaking, canoeing and paddle boarding, outstanding tennis facility and a short biking distance from the shops and restaurants in Seaside. Every year since 2013, Watercolor resort has received Forbes' Four Star designation, making it the most decorated property in northwest Florida and beginning in 2016, and every year since, the readers of Conde Nast Traveler voted it the region's number one resort.
Single-familyProperty Type
2007Year Built
$1,120Est. Price/Sq.Ft.
2 spacesParking
Listed by Cindi Cobine• Scenic Sotheby's International Realty
Listed by Cliff Cohen• Scenic Sotheby's International Realty
Contact: cindi@scenicsir.com
Bought with Cliff Cohen• Scenic Sotheby's International Realty
Bought with Cindi Cobine• Scenic Sotheby's International Realty
Located on a corner lot in beautiful Watercolor Resort this four bedroom home is offered fully furnished, including a golf cart, and backs up to the conservation area by Western Lake. Five spacious porches totaling 1,350 square feet, private pool, outdoor fireplace and an open concept living, kitchen and dining area are just some of the special features of this property. The kitchen and all bathrooms have been recently renovated and all feature quartz countertops, new custom cabinetry, fixtures and lighting. Additionally, the exterior of the home was repainted in the last year. The second floor offers two master bedrooms, a guest bedroom, a fourth bedroom with two sets of built in bunks and a custom hall bunk area. Located just a short stroll to the beach or Camp Watercolor pool. Located
NAMLS #776455
Jul 31, 2017
Sold
$1,296,000
$513/sq ft
Jul 31, 2017
Sold
$1,296,000
$513/sq ft
May 27, 2017
Listed
$1,295,000
$513/sq ft
NAMLS #503178
Nov 6, 2009
Sold
$765,000
$303/sq ft
Nov 6, 2009
Sold
$765,000
$303/sq ft
Oct 1, 2008
Listed
$875,000
$347/sq ft
Oct 1, 2008
Listed
$875,000
$347/sq ft
ECAR #436743
Jul 13, 2006
Listed
$1,999,000
$792/sq ft
NAMLS #348377
Feb 9, 2004
Listing Removed
—
Sep 7, 2003
Listed
$375,000
$149/sq ft
Sep 7, 2003
Listed
$375,000
$149/sq ft
Public Records
Dec 26, 2002
Sold
$251,500
$100/sq ft
Public Records
Sep 25, 2002
Sold
$17,568,600
$6,958/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$19,865 (+0.4%)
2024
$19,793 (+9.5%)
2023
$18,078 (+7.4%)
2022
$16,828 (+20.1%)
2021
$14,011 (+17.3%)
$622,099 + $825,344
$1,447,443
2020
$11,940 (+5.6%)
$569,142 + $626,924
$1,196,066
2019
$11,306 (+5.1%)
$552,565 + $585,853
$1,138,418
2018
$10,754 (+2.9%)
$536,471 + $542,013
$1,078,484
2017
$10,448 (+1.6%)
$520,846 + $533,275
$1,054,121
2016
$10,284 (+4.7%)
$500,813 + $526,961
$1,027,774
2015
$9,819 (+5.4%)
$468,050 + $509,299
$977,349
2014
$9,320
Tax history for 306 Red Cedar Way
Year
Property tax
Land + Additions
Assessment*
2025
$19,865 (+0.4%)
2024
$19,793 (+9.5%)
2023
$18,078 (+7.4%)
2022
$16,828 (+20.1%)
2021
$14,011 (+17.3%)
$622,099 + $825,344
$1,447,443
2020
$11,940 (+5.6%)
$569,142 + $626,924
$1,196,066
2019
$11,306 (+5.1%)
$552,565 + $585,853
$1,138,418
2018
$10,754 (+2.9%)
$536,471 + $542,013
$1,078,484
2017
$10,448 (+1.6%)
$520,846 + $533,275
$1,054,121
2016
$10,284 (+4.7%)
$500,813 + $526,961
$1,027,774
2015
$9,819 (+5.4%)
$468,050 + $509,299
$977,349
2014
$9,320
*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
3
Baths
3
Stories
2
Lot width
5 ft.
Lot depth
10 ft.
Lot size
5,227 Sq. Ft.
Year renovated
2010
Sq. Ft.
2,390
Year built
2007
Style
Single Family Residential
County
Walton County
APN
153S19254150000010
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: Community Sewer, Community Water, Electric, Gas - Natural, Public Water, TV Cable
Energy: AC - 2 or More, Ceiling Fans
Location
Assessment Information
Assessment Fees: Yes
Assessment Amount: 1590.00
Assessment Paid: Quarterly
Homeowners Association Information
Fees Include: Accounting, Ground Keeping, Land Recreation, Legal, Management, Master Association, Recreational Faclty, Security, Trash, TV Cable
New Buyer Fee
%
School Information
Elementary School: Dune Lakes
Middle School: Emerald Coast
High School: South Walton
Location Information
Sub Area: 1802 - East of Hwy 395
Area: 18 - 30A East
Street #: 306
Street Name: Red Cedar
Street Suffix: Way
City: Santa Rosa Beach
County: Walton
State: FL
Zip Code: 32459
Project Name/Subdivision: WATERCOLOR
Absolute Longitude: 86.132922
Longitude: -86.132922
Latitude: 30.32382
Directions: From Highway 395 at Publix turn onto W. Lake Forest Road into WaterColor. Take a left on Western Lake Drive and home is on the corner of Western Lake Drive and Red Cedar Way
Project Facilities
Beach, Deed Access, Dock, Exercise Room, Fishing, Pavillion/Gazebo, Pets Allowed, Picnic Area, Playground, Pool, Tennis, TV Cable, Waterfront
Public facts
Beds: 3
Baths: 3.0
Sq. Ft.: 2,390
Stories: 2.0
Lot Size: 5,227 square feet
Style: Single Family Residential
Year Built: 2007
Year Renovated: 2010
County: Walton County
APN: 153S19254150000010
Home facts updated by county records on Aug 26, 2026
Other
Listing Price Information
List Price: 1995000.00
List Price/SqFt: 790.10
Property Information
Apx SqFt(Htd/Cooled): 2525.00
Design: Beach House
Sub-Type: Detached Single Family
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 • 4.8mi
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
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
Santa Rosa Beach, FL • 32459
Average low and high temperatures (°F)
59
43
65
52
71
57
76
64
80
70
86
76
88
79
88
78
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
$2.69M – $3.25M
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