265 Western Lake DR Santa Rosa Beach, FL 32459 Pending

UPDATED: 02/26/2026 10:14 PM ON MARKET: 17 days on market

$4,125,000

5 Beds6 Baths2,821 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached Single Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,821 sqft

Price per Sqft $1,462

Subdivision Watercolor

MLS Listing ID 995896

Style Florida Cottage

Bedrooms 5

Full Baths 5

Half Baths 1

HOA Fees $1,560/qua

HOA Y/N Yes

Year Built 2006

Annual Tax Amount $26,019

Tax Year 2026

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 74x100x46x100

Property Sub-Type Detached Single Family

Source Emerald Coast Association of REALTORS®

Land Area 2821

Location

State FL

County Walton

Community Beach,Dock,Exercise Room,Fishing,Pets Allowed,Picnic Area,Playground,Pool,Tennis

Area 18 - 30A East

Zoning Deed Restrictions, Resid Single Family

Direction From 30A in WaterColor headed east take the first left onto Buttercup St. House is first one on the left corner. From 30A in WaterColor headed west go to Buttercup St. and turn right. House is on first house on left corner.

Rooms

Primary Bedroom Level Upper

Master Bedroom true

Kitchen true

Interior

Interior Features Breakfast Bar,Guest Quarters,Kitchen Island,Pantry,Washer/Dryer Hookup

Cooling Central Air

Flooring Floor Hardwood,Floor Tile

Fireplaces Type Fireplace

Furnishings Furnished - Some

Fireplace Yes

Window Features Plantation Shutters,Window Treatment All

Appliance Dishwasher,Disposal,Dryer,Microwave,Oven Self Cleaning,Refrigerator W/IceMk,Smoke Detector,Stove/Oven Electric,Washer,Water Heater - Elect

Exterior

Exterior Feature Balcony,Fenced Back Yard,Pavillion/Gazebo,Summer Kitchen, In-Ground Pool, Porch, Fenced Backyard, Guest Quarters, Summer Kitchen, Exterior Fireplace, Balcony, Gazebo, Cabana

Garage Spaces 1.0

Pool Pool - In-Ground,Pool Type

Community Features Beach,Dock,Exercise Room,Fishing,Pets Allowed,Picnic Area,Playground,Pool,Tennis

Utilities Available Electric,Public Water,TV Cable

Street Surface Paved

Porch Porch

Garage Yes

Building

Lot Description Corner,Covenants,Restrictions,Within 1/2 Mile to Water

Faces From 30A in WaterColor headed east take the first left onto Buttercup St. House is first one on the left corner. From 30A in WaterColor headed west go to Buttercup St. and turn right. House is on first house on left corner.

Story 2

Sewer Public Sewer

Architectural Style Florida Cottage

Additional Building Cabana,Guest Quarters

New Construction No

Schools

Elementary Schools Dune Lakes

Middle Schools Emerald Coast

High Schools South Walton

Others

Pets Allowed No

HOA Fee Include Accounting,Internet Service,Cable TV,Trash

Tax ID 15-3S-19-25401-000-0010

Miscellaneous Imagine owning a WaterColor estate that practically manages itself. This five-bedroom, five-and-a-half-bath corner residence delivers exceptional coastal living with strong rental performance. With $351,366 in 2025 gross revenue and projections of $361,250 in 2026, the property effortlessly balances lifestyle and income potential, making it perfect for savvy investors or families seeking a turn-key beach retreat.

Property Description

Imagine owning a WaterColor estate that practically manages itself. This five-bedroom, five-and-a-half-bath corner residence delivers exceptional coastal living with strong rental performance. With $351,366 in 2025 gross revenue and projections of $361,250 in 2026, the property effortlessly balances lifestyle and income potential, making it perfect for savvy investors or families seeking a turn-key beach retreat. Set just steps from the beach club, town center, and Gulf waters, the home offers over 1,200 square feet of wraparound porches, private pool, cabana, and serene lake views, ideal for morning coffee or sunset gatherings. Inside, light-filled living spaces showcase pine hardwood floors, high ceilings, and refined Southern craftsmanship, blending elegance with casual comfort.

The chef's kitchen, guest suites, and primary suite with spa-like bath provide both functionality and indulgence, while a detached carriage house adds extra flexibility for guests or rental use. Fully furnished and ready to go, the residence ensures owners can enjoy the WaterColor lifestyle immediately while capitalizing on the property's proven rental demand.

With exclusive access to resort-style amenities, including pools, tennis, a fitness center, and Camp WaterColor, this home anchors the ultimate coastal experience while providing tangible financial value.