265 Western Lake Drive, Santa Rosa Beach, FL 32459 (MLS# 995896)


$4,075,000
265 Western Lake Drive
Santa Rosa Beach, FL 32459
MLS# 995896
Status: Sold
5 beds  |  6 baths  |  2821 sqft


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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.

Details
Status Change Info
Sold Price/SqFt: 1444.52
Status: Sold
Under Contract Date: 2026-02-22
Sold Date: 2026-03-25
Sold Price: $4,075,000
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 1462.25
List Date: 2026-02-20
Current Price: $4,075,000
List Price: $4,125,000
Location, Tax and Legal
Sub Area: 1802 - S. of 98 W of Camp Creek
Elementary School: Dune Lakes
Middle School: Emerald Coast
High School: South Walton
Legal Description: LOT 1 SUNSET RIDGE AT WATERCOLOR PB 14-29 OR 2487-362 OR 2545-862 OR 2608-3394 OR 3033-2511 OR 3049-4038 OR 3072-2050 OR 3160-1323
General Property Info
Sub-Type: Detached Single Family
Design: Florida Cottage
SqFt Source: County PA Records
Garage: Yes
Carport: No
Driveway Spaces: 2
Pool: Yes
Pool Type: Private
Apx SqFt(Htd/Cooled): 2821
Bedrooms: 5
Full Baths: 5
Half Baths: 1
Total Bathrooms: 6
# Stories: 2
Year Built: 2006
Garage Spaces: 1
Acreage: 0.17
Listing Info, Tax & Legal
Homestead: No
Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 1560
Annual Assessment Amount: 6240
Assessment Paid: Quarterly
New Buyer Fee: Yes
New Buyer Fee Amt: 307
New Buyer Fee Paid: $
Last Taxes: 26019.99
Last Tax Year: 2026
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: 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.
Construction Status
Construction Complete: 1
Parking Features
Garage Attached: 1
Lot/Parcel Access
Paved Road: 1
Lot Features
Corner: 1
Covenants: 1
Restrictions: 1
Within 1/2 Mile to Water: 1
Project Facilities
Beach: 1
Dock: 1
Exercise Room: 1
Fishing: 1
Pets Allowed: 1
Picnic Area: 1
Playground: 1
Pool: 1
Tennis: 1
Utilities
Electric: 1
Public Sewer: 1
Public Water: 1
TV Cable: 1
Zoning
Deed Restrictions: 1
Resid Single Family: 1
Exterior
Balcony: 1
Cabana: 1
Fenced Back Yard: 1
Fireplace: 1
Guest Quarters: 1
Pavillion/Gazebo: 1
Pool - In-Ground: 1
Porch: 1
Summer Kitchen: 1
Interior
Breakfast Bar: 1
Floor Hardwood: 1
Floor Tile: 1
Furnished - Some: 1
Guest Quarters: 1
Kitchen Island: 1
Pantry: 1
Plantation Shutters: 1
Washer/Dryer Hookup: 1
Window Treatment All: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Oven Self Cleaning: 1
Refrigerator W/IceMk: 1
Smoke Detector: 1
Stove/Oven Electric: 1
Washer: 1
Energy
AC - Central Elect: 1
Water Heater - Elect: 1
Mstr Bdrm/Mstr Bath
MBath Double Vanity: 1
MBath Walk-In Closet: 1
Master Bedroom
Second: 1
Bedroom
First: 1
Second: 1
Kitchen
First: 1
Rooms
Bedroom: 1
Kitchen: 1
Master Bedroom: 1
Other: 1
Fees Include
Accounting: 1
Internet Service: 1
Trash: 1
TV Cable: 1
Location Tax and Legal
Area: 18 - 30A East
Street #: 265
Street Name: Western Lake
Street Suffix: Drive
State: FL
Zip Code: 32459
County: Walton
Project Name/Subdivision: WATERCOLOR
Parcel ID: 15-3S-19-25401-000-0010
Property Features
Construction Status: Construction Complete
Lot Features: Corner; Covenants; Restrictions; Within 1/2 Mile to Water
Zoning: Deed Restrictions; Resid Single Family
Parking Features: Garage Attached
Project Facilities: Beach; Dock; Exercise Room; Fishing; Pets Allowed; Picnic Area; Playground; Pool; Tennis
Exterior: Balcony; Cabana; Fenced Back Yard; Fireplace; Guest Quarters; Pavillion/Gazebo; Pool - In-Ground; Porch; Summer Kitchen
Interior: Breakfast Bar; Floor Hardwood; Floor Tile; Furnished - Some; Guest Quarters; Kitchen Island; Pantry; Plantation Shutters; Washer/Dryer Hookup; Window Treatment All
Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven Self Cleaning; Refrigerator W/IceMk; Smoke Detector; Stove/Oven Electric; Washer
Utilities: Electric; Public Sewer; Public Water; TV Cable
Energy: AC - Central Elect; Water Heater - Elect
Master Bedroom: Second
Bedroom: First; Second
Kitchen: First
Rooms: Bedroom; Kitchen; Master Bedroom; Other
Fees Include: Accounting; Internet Service; Trash; TV Cable
Supplements
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.
Room Information
Room Name Level Dimensions Length Width
KitchenFirst15 x 1115.0011.00
OtherFirst12 x 812.008.00
Master BedroomSecond18 x 16.318.0016.30
BedroomFirst15 x 1515.0015.00
BedroomSecond14 x 1114.0011.00
BedroomSecond14 x 1114.0011.00
BedroomSecond15 x 1215.0012.00

Listing Office: Scenic Sotheby's International Realty

Last Updated: March - 26 - 2026

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.


Broker Attribution: [email protected]