Welcome to this gorgeous Phase 2 WaterColor home. Imagine owning a property in one of the most desirable locations in WaterColor. This home has been recently refreshed with paint and new furnishings but still retains a true Florida cottage feel. This lovely beach home offers coastal charm and a spacious floor plan. Located just minutes from Camp WaterColor, children and adults are sure to enjoy the pools, slides, a lazy river, playground, basketball court, and poolside cafe. WaterColor offers a total of 9 pools, 5 tennis courts, 2 pickle ball courts, Boat House for water rentals, Bike Barn, Lake House and outdoor Amphitheatre for events, trails and parks, an Award-winning Beach Club, shops, restaurants, and so much more. Featuring three bedrooms and three bathrooms, this WaterColor cottage is situated on a large lot located on a peaceful street that backs up to a nature preserve. Conveniently located adjacent from this home is a beautiful park and bocce ball court. Wide covered porches welcome you into a charming natural light felt space with cottage plank pine walls, cedar beam ceiling, and beautiful pine wood floors throughout. As you enter the home you are greeted by a spacious but cozy living area that overlooks a lovely gas fireplace. The open kitchen features quartz countertops, and freshly white painted cabinets. An elegant main bedroom is also located on the first level and has access to a full bath with walk in shower. The second level offers two additional bedrooms each with ensuite baths. The spacious owner's suite has a king bed, walk-in closet, bonus office space, dual vanities, soaking tub, and walk in stone shower. The additional bedroom features 4 bunks and a fun bonus room for additional sleeping arrangements, games, movies, or a private reading nook. WaterColor offers a unique blend of amenities and natural beauty. Set on 499 acres, Watercolor features an award-winning Beach Club located along the beautiful Emerald waters and white sandy beaches. The Beach Club offers 3 pools, a poolside restaurant, and the most amazing sunsets. WaterColor is one of 30A's most desired communities and is full of activities for the entire family. Additional amenities include Camp WaterColor, the Frog pool, the Dragonfly pool, and Boathouse pool. The community also includes Western Lake Boat House that supplies, paddle boards, canoes, and kayaks. There is an abundance of walking paths, bike trails, parks, and lush green spaces that make this a wonderful place to explore. Residents also have access to Watercolor's State of the Art Tennis Center. Enjoy a quick ride to the Publix grocery store and all the surrounding shops and restaurants of Watercolor, Seaside, Grayton Beach, and Seagrove Beach. This lovely home is being offered completely furnished and includes a 6-seater golfcart. Ideal as a lucrative vacation rental investment, second home, or permanent residence. This home also has the potential for expansion and pool. Information must be verified by buyer.
Single-familyProperty Type
2004Year Built
$990Est. Price/Sq.Ft.
Listed by Angela Taylor• Berkshire Hathaway HomeServices
Newly redecorated luxury home with bedroom on the main floor and ideally located by the new Camp Watercolor, tennis courts and the Seaside cut through path. This secluded home is on a large private lot backing up to nature preserve and offers peaceful green park views and is adjacent to the newly added Bocce Ball court. There are 3 professionally decorated bedrooms plus an extra sleeping room equipped with a twin bed and trundle. Interior features include beautiful Pine floors, Cedar beams, fireplace, Quartz counter tops, Jenn-Air appliances, travertine floors and more. Strong rental history with $120,535 in 2020 and sleeps 10 comfortably. This property also has expansion opportunities with the potential for a 5,000 plus square foot home with a pool. Sold Furnished.
ECAR #532626
Oct 14, 2011
Sold
$735,000
$329/sq ft
Oct 14, 2011
Sold
$735,000
$329/sq ft
Feb 19, 2010
Listed
$775,000
$347/sq ft
Feb 19, 2010
Listed
$775,000
$347/sq ft
+10
Custom built home which includes custom-built cabinets, granite counter tops in the kitchen and bathrooms, tumbled lime stone baths, cottage plank pine walls in the living area, crank reinforced windows throughout, and front and back stained walnut doors add beauty to this home. There is a brick paved driveway which enhances the look of this property. Home is furnished with custom-made pine furniture throughout and is included in the sale. Home features an open story and a half cottage which has one bedroom with a full bath, a front covered porch and a rear screened porch on the main floor. The great room has a fire place and beamed ceiling. The second floor consists of a large master suite plus a large secondary bedroom with a private bath. Pine Ridge is on a secluded street that backs up to green space and is convenient to Camp WaterColor, the pool, lake and park.
ECAR #344268
Jun 13, 2003
Listed
$879,000
$393/sq ft
Public Records
Oct 11, 2002
Sold
$347,900
$156/sq ft
Public Records
Aug 19, 2002
Sold
$11,314,600
$5,060/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$16,507 (−1.9%)
$582,511 + $1,244,315
$1,826,826
2024
$16,823 (+9.5%)
$582,511 + $1,259,272
$1,841,783
2023
$15,364 (+1.7%)
$582,511 + $1,108,399
$1,690,910
2022
$15,105 (+47.0%)
$646,587 + $983,303
$1,629,890
2021
$10,275 (+17.1%)
2020
$8,772 (+2.2%)
$517,402 + $361,323
$878,725
2019
$8,587 (+2.0%)
$502,332 + $362,309
$864,641
2018
$8,421 (+2.1%)
$487,701 + $356,818
$844,519
2017
$8,247 (+2.3%)
$473,496 + $358,565
$832,061
2016
$8,065 (−0.3%)
$455,285 + $350,751
$806,036
2015
$8,093 (+6.9%)
$425,500 + $396,332
$821,832
2014
$7,573
Tax history for 394 Red Cedar Way
Year
Property tax
Land + Additions
Assessment*
2025
$16,507 (−1.9%)
$582,511 + $1,244,315
$1,826,826
2024
$16,823 (+9.5%)
$582,511 + $1,259,272
$1,841,783
2023
$15,364 (+1.7%)
$582,511 + $1,108,399
$1,690,910
2022
$15,105 (+47.0%)
$646,587 + $983,303
$1,629,890
2021
$10,275 (+17.1%)
2020
$8,772 (+2.2%)
$517,402 + $361,323
$878,725
2019
$8,587 (+2.0%)
$502,332 + $362,309
$864,641
2018
$8,421 (+2.1%)
$487,701 + $356,818
$844,519
2017
$8,247 (+2.3%)
$473,496 + $358,565
$832,061
2016
$8,065 (−0.3%)
$455,285 + $350,751
$806,036
2015
$8,093 (+6.9%)
$425,500 + $396,332
$821,832
2014
$7,573
*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
6 ft.
Lot depth
11 ft.
Lot size
6,360 Sq. Ft.
Year renovated
2004
Sq. Ft.
2,236
Year built
2004
Style
Single Family Residential
County
Walton County
APN
153S19254130000080
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 9, 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
Property details
Parking
Parking Information
Has Carport
No
Parking Features: Golf Cart Open
Interior
Bedroom Information
Bedrooms: 3
Bedroom: First, Second
Master Bedroom: Second
Bathroom Information
Full Baths: 3
Total Baths: 3.00
Room Information
Rooms: Bedroom, Dining Room, Great Room, Kitchen, Master Bedroom
Utilities: Electric, Gas - Natural, Public Sewer, Public Water, TV Cable
Energy: AC - 2 or More, AC - Central Elect
Location
Assessment Information
Assessment Fees: Yes
Assessment Amount: 1662.00
Assessment Paid: Quarterly
Annual Assessment Amount: $6,648
Homeowners Association Information
Fees Include: Accounting, Ground Keeping, Internet Service, 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 #: 394
Street Name: Red Cedar
Street Suffix: Way
City: Santa Rosa Beach
County: Walton
State: FL
Zip Code: 32459
Project Name/Subdivision: WATERCOLOR
Absolute Longitude: 86.131497
Longitude: -86.131497
Latitude: 30.323624
Directions: Turn right on Western Lake Drive. Proceed over the bridge to Phase II and take a right on Red Cedar to 394 Red Cedar which is on the right side of the road.
Project Facilities
Beach, Community Room, Deed Access, Dock, Exercise Room, Fishing, Pavillion/Gazebo, Pets Allowed, Pickle Ball, Picnic Area, Playground, Pool, Short Term Rental - Allowed, Tennis, TV Cable
Public facts
Beds: 3
Baths: 3.0
Sq. Ft.: 2,236
Stories: 2.0
Lot Size: 6,360 square feet
Style: Single Family Residential
Year Built: 2004
Year Renovated: 2004
County: Walton County
APN: 153S19254130000080
Home facts updated by county records on Sep 8, 2026
Other
Listing Price Information
List Price: 2575000.00
List Price/SqFt: 1151.61
Property Information
Apx SqFt(Htd/Cooled): 2236.00
Design: Florida Cottage
Sub-Type: Detached Single Family
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 • 4.8mi
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
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)
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
$2.10M – $2.55M
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