Welcome to 58 Initial Lane, a beautifully remodeled waterfront gem that combines luxurious living with serene natural beauty. This unique home features 4 bedrooms and 3 bathrooms all on one level, designed with meticulous attention to detail for ultimate ease of living. The interior showcases original hardwood floors and upscale finishes throughout, with a completely remodeled kitchen and bathrooms that add a touch of modern elegance. Step outside to discover your private dock and boat lift, set on a deep-water bayou with direct access to Choctawhatchee Bay. Ideal for fishing enthusiasts, the property offers breathtaking sunsets and a tranquil setting in a quiet neighborhood with no HOA restrictions. Every detail of this home has been thoughtfully designed to enhance comfort and style. The standout feature is the waterfront primary bedroom, which includes a private, secluded sitting room perfect for relaxation. The spa-like master bathroom is a highlight, featuring an original clawfoot tub that adds a touch of timeless elegance. Don't miss this rare opportunity to own a piece of waterfront paradise. Schedule your private showing today!
Single-familyProperty Type
1984Year Built
0.33 acresLot Size
$643Price/Sq.Ft.
1 car garageParking
Listed by Courtney Stubley• The Premier Property Group Seacrest Office
Bought with Clayton Bonjean• Mainsail Realty Company
Est. $4,897 per month, based on comparable rentals
Sale and tax history for 58 Initial Ln
Sale History
Tax History
Date
Event
Price
ECAR #972373
Apr 14, 2026
Sold
$1,560,000
$643/sq ft
Feb 6, 2026
Price Changed
$1,700,000
$700/sq ft
Sep 3, 2025
Price Changed
$1,795,000
$739/sq ft
Mar 28, 2025
Listed
$1,865,000
$768/sq ft
ECAR #957040
Oct 5, 2024
Price Changed
$1,895,000
$780/sq ft
Sep 9, 2024
Price Changed
$1,950,000
$803/sq ft
Aug 31, 2024
Price Changed
$1,965,000
$809/sq ft
Aug 2, 2024
Listed
$1,950,000
$803/sq ft
ECAR #902940
Sep 14, 2022
Sold
$1,100,000
$453/sq ft
Sep 14, 2022
Sold
$1,100,000
$453/sq ft
Sep 1, 2022
Pending
—
Sep 1, 2022
Pending
—
Aug 15, 2022
Price Changed
$1,325,000
$546/sq ft
Aug 15, 2022
Price Changed
$1,325,000
$546/sq ft
Jul 6, 2022
Listed
$1,407,000
$579/sq ft
Jul 6, 2022
Listed
$1,407,000
$579/sq ft
REDUCED!!!! Where else do you get 93+ Feet of deep waterfrontage on East Mack Bayou? New pier with roofed boat lift currently housing towered 26' Pathfinder. Pier has steps and landing for easy paddleboard and kayak launch. Magnificent, established oaks and magnolias shade the raised waterfront deck. A hidden patio on the northside of the house provides a private retreat buffered with oakleaf hydrangeas, weathered oaks and magnolias. Gated entry, perimeter completely fenced. One level ranch style exterior brick, Hardie, and cedar 2345 heated and cooled sq ft. Detached 1 car garage, 483 sq ft. Additional roofed storage areas totaling 280 sq ft. 4 bedrooms, 3 full baths, spacious foyer, dining room, living room, kitchen, laundry room, and solarium presently used as home office. Master ensuite has classic claw foot tub, separate shower and double vanity with beautifully patinaed Newport Brass plumbing. Walk-in closet complete in cedar. Interior walls throughout the home finished with vertical board-on-board. Australian Cypress hardwood floors, stone and tile baths, 2 bedrooms carpeted. Copper countertops in kitchen. Short drive (1.3 miles) to Ascension Sacred Heart Hospital of the Emerald Coast, Publix, Grand Boulevard Dining and Shopping, yet tucked away on a quiet cul-de-sac without HOA. House is sold unfurnished AS IS. All measurements/dimensions are estimates and buyers should verify that which they deem important.
ECAR #335389
Dec 4, 2003
Sold
$445,000
$183/sq ft
Dec 4, 2003
Sold
$445,000
$183/sq ft
Dec 2, 2002
Listed
$467,000
$192/sq ft
Dec 2, 2002
Listed
$467,000
$192/sq ft
ECAR #144917
Dec 29, 1999
Listed
$327,000
$135/sq ft
ECAR #130630
Feb 23, 1999
Listed
$327,000
$135/sq ft
Public Records
Jan 5, 1994
Sold
$142,500
$59/sq ft
Public Records
Oct 1, 1980
Sold
$5,200
$2/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,140 (+2.0%)
2024
$3,078 (+3.9%)
2023
$2,962 (+4.3%)
2022
$2,841 (−1.2%)
2021
$2,875 (−1.6%)
2020
$2,923 (+3.2%)
2019
$2,833 (+1.7%)
2018
$2,785 (+2.9%)
2017
$2,705 (+1.4%)
2016
$2,668 (−0.9%)
2015
$2,691 (−0.6%)
2014
$2,706
Public record
Public record
Zoning
Permits
Beds
4
Baths
3
Stories
1
Lot width
10 ft.
Lot depth
15 ft.
Lot size
0.33 Acres
Year renovated
2010
Sq. Ft.
2,428
Year built
1984
Style
Single Family Residential
County
Walton County
APN
242S21422730000060
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 9, 2026.
RP
Residential Preservation District
This district consists primarily of subdivisions existing as of November 7, 1996, approved development projects which are vested or built out, or recorded platted subdivisions that have infrastructure in place and are substantially built out.
Permitted uses
Include but are not limited to:
No uses permitted by right
May 3, 2023 • Active
Gas standalone permit - licensed contractors only
Gas
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage Information
Has Garage
# of Garage Spaces: 1
Parking Information
Parking Features: Garage Door Opener, Boat, Detached, Garage Detached, Oversized