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$4,075,000
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.
Full Property Details
Full Property Details for 265 Western Lake Dr
General
- Sold For: $4,075,000
- Taxes: $26,019 (2026)
- Status: Closed
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 995896
- Added to Site: 57 day(s) ago
Rental Information
- Complex Features: Beach, Dock, Exercise Room, Fishing, Pets Allowed, Picnic Area, Playground, Pool, Tennis
Interior
- Number of Rooms: 7
- Interior Features: Breakfast Bar, Guest Quarters, Kitchen Island, Pantry, Washer/Dryer Hookup
- Fireplace: Yes
- Fireplace(s): Fireplace
- Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
- Furnishings: Furnished - Some
- Flooring: Floor Hardwood, Floor Tile
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 5
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Additional Information
- Pool: Yes
- Pool Description: Pool - In-Ground, Pool Type
Exterior
- Exterior Features: Balcony, Fenced Back Yard, Pavillion/Gazebo, Summer Kitchen
- Porch/Patio/Deck: Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
Location
- Area: 18 - 30A East
- County: Walton
- Subdivision: WATERCOLOR
- Driving Directions: 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.
School Information
- Elementary School: Dune Lakes
- Middle School: Emerald Coast
- High School: South Walton
Community
- Association: Yes
- Assoc. Fees Include: Accounting, Internet Service, Cable TV, Trash
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating/Cooling: Central Air
Utilities
- Sewer: Public Sewer
- Utility Description: Electric, Public Water, TV Cable
Structural Information
- Architectural Style: Florida Cottage
- Stories/Levels: 2
- Square Feet: 2,821
- Sq. Ft. Source: County PA Records
- Year Built: 2006
Additional Structures
- Other Structures: Cabana, Guest Quarters
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405.2
- Lot Dimensions: 74 x 100 x 46 x 100
- Street/Road Desc.: Paved
- Lot Features: Corner, Covenants, Restrictions, Within 1/2 Mile to Water
- Zoning: Deed Restrictions, Resid Single Family
Financial Considerations
- Assessment Amount: $1,560
- Tax Amount: $26,019.99
- Tax Year: 2026
Disclosures and Reports
- 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
- APN: 15-3S-19-25401-000-0010
- Property ID: 15-3S-19-25401-000-0010
Listed by Scenic Sotheby's International Realty
Sold by Stay on 30A Realty
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Schools
Schools serving 265 Western Lake Dr
School District:Walton County School District
| Name | Grades | Distance |
|---|---|---|
Bay Elementary School 6565 US Highway 98 East, Santa Rosa Beach, FL 32459 | K-5 | 4.4 mi |
Emerald Coast Middle School 4019 US Highway 98 East, Santa Rosa Beach, FL 32459 | 6-8 | 3 mi |
South Walton High School 645 Greenway Trail, Santa Rosa Beach, FL 32459 | 9-12 | 4.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 265 Western Lake Dr
Date
Details
Price
Change
Source
3/25/2026
Sold
$4,075,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
265 Western Lake Drive, Santa Rosa Beach, FL 32459 (MLS# 995896) is a Single Family property that was sold at $4,075,000 on March 25, 2026. Want to learn more about 265 Western Lake Drive? Do you have questions about finding other Single Family real estate for sale in Santa Rosa Beach? You can browse all Santa Rosa Beach real estate or contact a Coldwell Banker agent to request more information.
