OFF MARKET

Off Market Feb 2021 for $2.8M

$3,783,278

Est. refi paymentEst. refi $18,142/mo

•

4,948

sq ft

428 Red Cedar Way, Santa Rosa Beach, FL 32459

About this home

An expansive residence in the heart of WaterColor with everything! At just under 5000 sq ft, high ceilings, open floor plan, abundant windows/natural light, a chefs kitchen, 5 bedrooms+bunk room and 6 full baths+1 half bath, media/game room, elevator, 4 expansive porches on front AND back of house, and a dream backyard with pool & spa, outdoor kitchen and dining & lounging space - all backing up to a nature preserve. Newly painted and well maintained, equipped with a modern hydraulic elevator, sold furnished with a great rental record, the house is located across from a WaterColor park on a leafy, quiet street and backs up to a nature preserve. Featuring over 1,700 sq ft of wrap-around porches with 12 ceiling fans overlooking the nature preserve in the back and a park in the front. Includes 6 seater GEM golf cart, Washer and Dryer, Alarm System, Dish/Direct TV, TVs, Sound system, Curtains and Hardware. The Camp District is completely developed, so there is no new development happening near the house. Located only three 3 blocks from Camp WaterColor where the children have a long list of daily activities to enjoy. It's a short walk or bike ride to Seaside, Wood Fern Park, the WaterColor Tennis Center, shops and restaurants or the fabled beaches of 30A. The WaterColor community includes residential homes and an award-winning beachside resort located on the beautiful Gulf of Mexico beaches and alongside serene Western Lake. The community is designed to have a small-town feel and is perfect for exploring on foot or by bike. Quaint streets and pathways connect homes to the community's parks, lush green spaces and shops. The community includes access to a boathouse with paddleboards, kayaks and fishing equipment; an outdoor amphitheater; a lakeside pool; a bike barn and more.

Single-familyProperty Type

2007Year Built

6,534 sq ftLot Size

$765Est. Price/Sq.Ft.

8 spacesParking

Listed by Delawalla Group • Berkshire Hathaway HomeServices

Bought with Nathan Lambert • Lambert Realty and Development

Redfin checked: 2 minutes ago

•Source:ECAR #860770

Redfin Estimate

$3,783,278

$908K since sold in February 2021$31K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 7.2% lower than the average sale price ($4.08M) 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 APR 13, 2026
$4,337,500
B
5 beds5.5 baths4,384 sq ft
11 Acorn Way, Santa Rosa Beach, FL 32459
SOLD AUG 10, 2026
$6,000,000
C
6 beds6 baths4,374 sq ft
81 W Watercolor Blvd, Santa Rosa Beach, FL 32459
SOLD FEB 20, 2026
$2,867,500
D
5 beds5 baths2,680 sq ft
106 Tall Timber Ct, Santa Rosa Beach, FL 32459
SOLD APR 14, 2026
$3,300,000
E
5 beds5.5 baths3,341 sq ft
21 Mistflower Ln, Santa Rosa Beach, FL 32459

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Earn from this home

Sell

$1,513,033

Est. take-home

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Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$7,166/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

95.5%

+0.2% MoM

Median sale price

$960K

$10K MoM

Avg. days on market

91d

2 days MoM

Recently sold homes

396

1 MoM

New listings for sale

NEW 56 MINS AGO
$3,150,000
5 beds5.5 baths3,354 sq ft
30 N Seahorse Cir, Santa Rosa Beach, FL 32459
$2,645,000
4 beds4.5 baths3,533 sq ft
27 Sand Dollar Ct, Santa Rosa Beach, FL 32459
NEW 10 HRS AGO
$559,000
4 beds2 baths2,029 sq ft
164 Stonegate Cir, Santa Rosa Beach, FL 32459
NEW 10 HRS AGO
$529,000
2 beds2.5 baths759 sq ft
23 Donna Anne Dr, Santa Rosa Beach, FL 32459
$5,950,000
6 beds6 baths5,208 sq ft
35 San Roy Rd, Santa Rosa Beach, FL 32459
NEW 12 HRS AGO
$486,000
3 beds2.5 baths2,146 sq ft
49 Corte Roble Unit 86-A, Santa Rosa Beach, FL 32459
NEW 13 HRS AGO
$3,295,000
4 beds4.5 baths2,393 sq ft
36 Thicket Cir, Santa Rosa Beach, FL 32459
NEW 15 HRS AGO
$399,000
3 beds2 baths1,484 sq ft
40 Golden Eagle Ct, Santa Rosa Beach, FL 32459
NEW 15 HRS AGO
$1,595,725
4 beds3.5 baths1,775 sq ft
16 Spanish Moss Ln, Santa Rosa Beach, FL 32459
NEW 16 HRS AGO
$345,000
3 beds2.5 baths1,712 sq ft
60 South Haven Cir, Santa Rosa Beach, FL 32459
See all

Provided by Redfin

Sale history for 428 Red Cedar Way

Date

Event

Price

NAMLS #860770

Feb 26, 2021

Sold

$2,875,000

$581/sq ft

Feb 26, 2021

Sold

$2,875,000

$581/sq ft

Jan 28, 2021

Pending

—

Dec 12, 2020

Listed

$2,895,000

$585/sq ft

Dec 11, 2020

Listed

$2,895,000

$585/sq ft

+66

NAMLS #747158

Jul 28, 2016

Sold

$2,100,000

$424/sq ft

Jul 28, 2016

Sold

$2,100,000

$424/sq ft

Feb 18, 2016

Listed

$2,295,000

$464/sq ft

NAMLS #508449

Jun 30, 2009

Sold

$1,725,000

$349/sq ft

Jun 30, 2009

Sold

$1,725,000

$349/sq ft

Dec 31, 2008

Listed

$1,995,000

$403/sq ft

Dec 31, 2008

Listed

$1,995,000

$403/sq ft

NAMLS #493848

Dec 30, 2008

Listing Removed

—

May 21, 2008

Listed

$2,450,000

$495/sq ft

May 21, 2008

Listed

$2,450,000

$495/sq ft

NAMLS #480253

May 20, 2008

Listing Removed

—

Nov 17, 2007

Listed

$2,395,000

$484/sq ft

Nov 17, 2007

Listed

$2,395,000

$484/sq ft

NAMLS #459740

Nov 16, 2007

Listing Removed

—

Mar 26, 2007

Listed

$2,895,000

$585/sq ft

Mar 26, 2007

Listed

$2,895,000

$585/sq ft

Public Records

Sep 5, 2002

Sold

$186,500

$38/sq ft

Public Records

Aug 19, 2002

Sold

$11,314,600

$2,287/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$34,385 (−1.4%)

$582,511 + $3,222,940

$3,805,451

2024

$34,881 (+11.2%)

2023

$31,369 (+4.1%)

$582,511 + $2,869,738

$3,452,249

2022

$30,119 (+63.8%)

$646,587 + $2,603,393

$3,249,980

2021

$18,392 (+22.8%)

2020

$14,973 (+3.6%)

$517,402 + $982,573

$1,499,975

2019

$14,456 (+1.7%)

$502,332 + $953,345

$1,455,677

2018

$14,218 (+2.7%)

$487,701 + $938,225

$1,425,926

2017

$13,844 (+1.1%)

$473,496 + $923,304

$1,396,800

2016

$13,687 (−6.1%)

$455,285 + $912,548

$1,367,833

2015

$14,579 (−3.8%)

$425,500 + $1,008,847

$1,434,347

2014

$15,161

Tax history for 428 Red Cedar Way

Year

Property tax

Land + Additions

Assessment*

2025

$34,385 (−1.4%)

$582,511 + $3,222,940

$3,805,451

2024

$34,881 (+11.2%)

2023

$31,369 (+4.1%)

$582,511 + $2,869,738

$3,452,249

2022

$30,119 (+63.8%)

$646,587 + $2,603,393

$3,249,980

2021

$18,392 (+22.8%)

2020

$14,973 (+3.6%)

$517,402 + $982,573

$1,499,975

2019

$14,456 (+1.7%)

$502,332 + $953,345

$1,455,677

2018

$14,218 (+2.7%)

$487,701 + $938,225

$1,425,926

2017

$13,844 (+1.1%)

$473,496 + $923,304

$1,396,800

2016

$13,687 (−6.1%)

$455,285 + $912,548

$1,367,833

2015

$14,579 (−3.8%)

$425,500 + $1,008,847

$1,434,347

2014

$15,161

*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

6 ft.

Lot depth

11 ft.

Lot size

6,360 Sq. Ft.

Year renovated

2007

Sq. Ft.

4,948

Year built

2007

Style

Single Family Residential

County

Walton County

APN

153S19254130000110

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 26, 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
No
No
Driveway Spaces: 4.00
Street Spaces: 4.00

Interior

Virtual Tour
Branded Virtual Tour: https://view.paradym.com/idx/428-Red-Cedar-Way-Santa-Rosa-Beach-FL-32459/4578686
UnBranded Virtual Tour: https://view.paradym.com/idx/428-Red-Cedar-Way-Santa-Rosa-Beach-FL-32459/4578686

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

Bathroom Information
Full Baths: 6
Half Baths: 1
Total Baths: 7.00
Full Bathroom: First, Second, Third
Master Bedroom/Master Bath: MBath Separate Shwr, MBath Walk-In Closet, MBath Whirlpool, MBed Balcony, MBed Fireplace, MBed Sitting Area, MBed Walk-in Closet

Room Information
Rooms: Bedroom, Den, Dining Room, Full Bathroom, Kitchen, Laundry, Loft, Master Bathroom, Master Bedroom
Kitchen: First

Room 1
Dining Room
Area: 476.00
Dimensions: 28 x 17
Length: 28.00
Width: 17.00
Level: 1

Room 2
Kitchen
Area: 238.00
Dimensions: 14 x 17
Length: 14.00
Width: 17.00
Level: 1

Room 3
Den
Area: 247.00
Dimensions: 19 x 13
Length: 19.00
Width: 13.00
Level: 1

Room 4
Full Bathroom
Area: 51.00
Dimensions: 8.5 x 6
Length: 8.50
Width: 6.00
Level: 1

Room 5
Laundry
Area: 42.00
Dimensions: 7 x 6
Length: 7.00
Width: 6.00
Level: 1

Room 6
Bedroom
Area: 238.00
Dimensions: 17 x 14
Length: 17.00
Width: 14.00
Level: 1

Room 7
Master Bedroom
Area: 336.00
Dimensions: 21 x 16
Length: 21.00
Width: 16.00
Level: 2

Room 8
Master Bathroom
Area: 120.00
Dimensions: 15 x 8
Length: 15.00
Width: 8.00
Level: 2

Room 9
Bedroom
Area: 168.75
Dimensions: 13.5 x 12.5
Length: 13.50
Width: 12.50
Level: 2

Room 10
Full Bathroom
Area: 37.50
Dimensions: 7.5 x 5
Length: 7.50
Width: 5.00
Level: 2

Room 11
Bedroom
Area: 156.25
Dimensions: 12.5 x 12.5
Length: 12.50
Width: 12.50
Level: 2

Room 12
Full Bathroom
Area: 45.00
Dimensions: 9 x 5
Length: 9.00
Width: 5.00
Level: 2

Room 13
Master Bedroom
Area: 441.00
Dimensions: 21 x 21
Length: 21.00
Width: 21.00
Level: 3

Room 14
Master Bathroom
Area: 198.00
Dimensions: 18 x 11
Length: 18.00
Width: 11.00
Level: 3

Room 15
Loft
Area: 272.25
Dimensions: 16.5 x 16.5
Length: 16.50
Width: 16.50
Level: 3

Room 16
Full Bathroom
Area: 45.00
Dimensions: 9 x 5
Length: 9.00
Width: 5.00
Level: 3

Interior Features
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Range Hood, Refrigerator, Refrigerator W/IceMk, Security System
Interior: Breakfast Bar, Built-In Bookcases, Ceiling Crwn Molding, Elevator, Fireplace, Fireplace 2+, Fireplace Gas, Floor Hardwood, Furnished - Some, Hallway Bunk Beds, Kitchen Island, Owner's Closet, Shelving, Window Treatment All

Exterior

Exterior Features
Has Pool
Pool Type: Private
Exterior: Balcony, BBQ Pit/Grill, Columns, Deck Covered, Fenced Back Yard, Fenced Lot-All, Fireplace, Patio Covered, Patio Open, Pool - Gunite Concrt, Pool - In-Ground, Shower

Lot Information
Acreage: 0.15
Lot Dimensions: 58 x 110
Lot Features: Covenants, Interior, Level, Restrictions, Within 1/2 Mile to Water
Lot/Parcel Access: Paved Road, Private Road
Zoning: Residential Single Family

Building Information
Construction Status: Construction Complete
Construction/Siding: Frame, Roof Composite Shngl, Siding CmntFbrHrdBrd

Financial

Tax Information
Last Tax Year: 2019
Last Taxes: 14456.33

Financial Information
Mortgage Type: Conventional
Brokerage Interest: No Interest

Utilities

Utility Information
Utilities: Community Sewer, Community Water, Electric, Gas - Natural, Phone, Public Sewer, Public Water, TV Cable
Energy: AC - 2 or More, AC - Central Elect, Ceiling Fans, Heat Cntrl Gas, Water Heater - Gas

Location

Assessment Information
Assessment Fees: Yes
Assessment Amount: 1590.00
Assessment Paid: Quarterly

Homeowners Association Information
Fees Include: Accounting, Ground Keeping, Internet Service, Management, Master Association, Recreational Faclty, Security, Sewer, Trash, TV Cable
New Buyer Fee
$

School Information
Elementary School: Van R Butler
Middle School: Seaside
High School: South Walton

Location Information
Sub Area: 1802 - East of Hwy 395
Area: 18 - 30A East
Street #: 428
Street Name: Red Cedar
Street Suffix: Way
City: Santa Rosa Beach
County: Walton
State: FL
Zip Code: 32459
Project Name/Subdivision: WATERCOLOR
Absolute Longitude: 86.130988
Longitude: -86.130988
Latitude: 30.323828
Directions: From Highway 98, turn South on Highway 395. Take a Right into Watercolor onto W Lake Forest Drive. Take a left on Western Lake Drive. Take a left onto Pine Needle Way. Take a right onto Red Cedar Way.

Project Facilities
Beach, Dock, Exercise Room, Fishing, Pavillion/Gazebo, Pets Allowed, Picnic Area, Playground, Pool, Tennis, TV Cable, Waterfront

Public facts

Beds: 5
Baths: 8.0
Sq. Ft.: 4,948
Stories: 3.0
Lot Size: 6,360 square feet
Style: Single Family Residential
Year Built: 2007
Year Renovated: 2007
County: Walton County
APN: 153S19254130000110

Home facts updated by county records on Aug 26, 2026

Other

Listing Price Information
List Price: 2895000.00
List Price/SqFt: 585.08

Property Information
Apx SqFt(Htd/Cooled): 4948.00
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 • 3.7mi

10/10

Emerald Coast Middle School

Public 6-8 • Assigned • 2.6mi

8/10

South Walton High School

Public 9-12 • Assigned • 4.9mi

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)

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

$3.60M – $4.35M

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Nearby similar homes

NEW 13 HRS AGO

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4 beds4.5 baths2,393 sq ft

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24 Magnolia St, Santa Rosa Beach, FL 32459

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267 Bella Blvd, Santa Rosa Beach, FL 32459

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16 Days Ln, Santa Rosa Beach, FL 32459

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454 Eden Dr, Santa Rosa Beach, FL 32459

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40 Tresca Dr, Santa Rosa Beach, FL 32459

New listings for sale in 32459

NEW 56 MINS AGO

$3,150,000

5 beds5.5 baths3,354 sq ft

30 N Seahorse Cir, Santa Rosa Beach, FL 32459

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4 beds4.5 baths3,533 sq ft

27 Sand Dollar Ct, Santa Rosa Beach, FL 32459

NEW 10 HRS AGO

$559,000

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164 Stonegate Cir, Santa Rosa Beach, FL 32459

NEW 10 HRS AGO

$529,000

2 beds2.5 baths759 sq ft

23 Donna Anne Dr, Santa Rosa Beach, FL 32459

$5,950,000

6 beds6 baths5,208 sq ft

35 San Roy Rd, Santa Rosa Beach, FL 32459

NEW 12 HRS AGO

$486,000

3 beds2.5 baths2,146 sq ft

49 Corte Roble Unit 86-A, Santa Rosa Beach, FL 32459

NEW 13 HRS AGO

$3,295,000

4 beds4.5 baths2,393 sq ft

36 Thicket Cir, Santa Rosa Beach, FL 32459

NEW 15 HRS AGO

$399,000

3 beds2 baths1,484 sq ft

40 Golden Eagle Ct, Santa Rosa Beach, FL 32459

NEW 15 HRS AGO

$1,595,725

4 beds3.5 baths1,775 sq ft

16 Spanish Moss Ln, Santa Rosa Beach, FL 32459

Home values near 428 Red Cedar Way

Data from public records.

Address	Redfin Estimate
350 Red Cedar Way, Santa Rosa Beach, FL 3 Beds \| 2.5 Baths \| 2260 Sq. Ft.	$2,065,906
384 Red Cedar Way, Santa Rosa Beach, FL 3 Beds \| 3.5 Baths \| 2434 Sq. Ft.	$2,669,870

Address	Redfin Estimate
394 Red Cedar Way, Santa Rosa Beach, FL 3 Beds \| 3 Baths \| 2236 Sq. Ft.	$2,141,257
372 Red Cedar Way, Santa Rosa Beach, FL 4 Beds \| 4.5 Baths \| 2798 Sq. Ft.	$2,939,580

Address	Redfin Estimate
360 Red Cedar Way, Santa Rosa Beach, FL 3 Beds \| 3 Baths \| 2224 Sq. Ft.	$2,068,883
406 Red Cedar Way, Santa Rosa Beach, FL 3 Beds \| 3.5 Baths \| 2486 Sq. Ft.	$2,626,210

Property information provided by ECAR when last listed in 2020. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 32459, FL

Sale history for 428 Red Cedar Way

Tax history for 428 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 428 Red Cedar Way

More real estate resources