BEDS5
BATHS5 full 1 partial
SQUARE FEET2,821
MLS#995896
STATUSPending
PROPERTY TYPEResidential - Single Family
SUBDIVISIONWATERCOLOR
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.
Property Features
Property Type: Residential - Single Family
Cooling: Central Air
Fenced: Yes
Garage: 1 car attached
Home Style: Florida Cottage
Lot Size: 0.17 Acres
Stories: 2.0
Taxes: $26,019
Year Built: 2006
Feature Descriptions
Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
Association Fee Includes: Accounting, Internet Service, Cable TV, Trash
Community Features: Beach, Dock, Exercise Room, Fishing, Pets Allowed, Picnic Area, Playground, Pool, Tennis
Days on Site: 11
Exterior: Balcony, Fenced Back Yard, Pavillion/Gazebo, Summer Kitchen
Financing Terms: Other
Fireplace: Fireplace
Fireplace Y/N: Yes
Flooring: Floor Hardwood, Floor Tile
HOA: Yes
HOA Fee: 1560/Quarterly
Interior: Breakfast Bar, Guest Quarters, Kitchen Island, Pantry, Washer/Dryer Hookup
Lot: Corner, Covenants, Restrictions, Within 1/2 Mile to Water
Lot Dimensions: 74x100x46x100
Parcel Number: 15-3S-19-25401-000-0010
Patio/Porch: Porch
Pool Features: Pool - In-Ground, Pool Type
Property Condition: Construction Complete
Road Surface: Paved
Rooms Total: 7
Sewer: Public Sewer
Sub Type: Detached Single Family
Utilities: Electric, Public Water, TV Cable
Window: Plantation Shutters, Window Treatment All
Room Sizes
Kitchen: 15 X 11 Level - First
Other: 12 X 8 Level - First
Primary Bedroom: 18 X 16.3 Level - Second
Bedroom: 15 X 15 Level - First
Bedroom: 14 X 11 Level - Second
Bedroom: 14 X 11 Level - Second
Bedroom: 15 X 12 Level - Second
Local Schools
High School: South Walton
Middle School: Emerald Coast
Elementary School: Dune Lakes
Listed By / Shown By
Listed By
Agency Name: Scenic Sotheby's International Realty
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 12,551.84 per month $9,180.46 Principal & Interest $2,168.25 Property Tax $1,203.13 Homeowner's InsuranceChange Payment Information
265 Western Lake Drive | MLS# 995896
This single family home located at 265 Western Lake Drive, Santa Rosa Beach, FL 32459 is currently listed for sale with an asking price of $4,125,000. This property was built in 2006 and has 5 bedrooms and 5 full and 1 partial baths with 2821 sq. ft. Western Lake Drive is located in the WATERCOLOR subdivision. Search WATERCOLOR real estate on www.realtymark.net today.