This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$5,650,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
A Prime Investment Opportunity! This home is perfect for those seeking a lucrative investment property or personal retreat, with an impressive rental history of $430K in 2023 and currently on track to do over $400K for 2024! One of the top rentals in all of WaterColor! Welcome to ''Vermillionaire, the home everyone wants to visit--and never leave. This stunning 6,082 sq. foot custom-built vacation home located in WaterColor's Lake District, just moments from Western Lake and biking distance to the beach. This exceptional retreat offers the ultimate in luxury and fun, featuring the ''largest private pool'' in WaterColor, and an array of entertainment options. The home has an incredible layout throughout with plenty of spaces to make family memories and entertain guests alike! With six spacious bedrooms, and seven bathrooms, ''Vermillionaire'' provides luxurious accommodations for all guests. From the moment you step inside this home you're greeted with stunning views of its incredible outdoor spaces, dining area, living room, and an elegant three-level staircase. The outdoor oasis features a covered patio with a TV, fireplace, fire pit, outdoor kitchen, and multiple lounging areasperfect for entertaining or relaxing. The living and dining areas flow seamlessly into the outdoor spaces, creating a perfect harmony between indoor and outdoor living. The chef's kitchen is a dream come true, featuring a 6' Wolf® six-burner gas stove, two SubZero® refrigerators, two Bosch® dishwashers, an ice maker, quartz countertops, spacious pantry with plenty of storage. Designed with both style and function in mind, this kitchen is ideal for preparing gourmet meals or casual family feasts. This home offers two primary bedrooms one on the first floor and another on the second level. The second-floor primary suite includes a luxurious free-standing soaking tub and a separate walk-in shower. This level also features two oversized bedrooms, each with private ensuite baths, and a cozy sitting area with access to a large, screened porch. The porch is a peaceful retreat with nature and pool views complete with swing, TV, outdoor brick fireplace, and a foosball table. For added convenience, there's a second laundry room option on this floor. On the third floor, an incredible game room awaits, complete with arcade games for all ages. Connecting to the game room is a spacious bunk room featuring two sets of queen bunk beds, two closets, and a full bathroom with dual sinks and a walk-in shower. The charming carriage house, located above the two-car garage, has a private entry and is well appointed with a full kitchen, microwave, sink, dishwasher, counter seating, a cozy family room with a TV, bedroom, full bathroom, washer and dryer, plus a balcony with serene forest views. Whether you're lounging poolside, exploring the area by bikes, or visiting nearby Seaside for amazing shopping and dining, there's no shortage of things to do but you may never want to leave the comfort of this incredible home. WaterColor is a stunning, resort-style community on 30A, offering the perfect blend of luxurious living and vibrant outdoor experiences. Located near the Gulf of Mexico and Western Lake, WaterColor features thoughtfully designed streets and pathways connecting homes to lush parks, shops, and green spaces. With so many unique features, including the exclusive WaterColor Beach Club, nine community pools, tennis and pickleball courts, amphitheater, and boat house with access to paddleboarding and kayaking on Western Lake, and more... This vibrant community offers something for everyone whether you're an outdoor enthusiast or a family seeking a community-focused lifestyle. This property is offered fully furnished (with a few exclusions), turnkey and ready for the next owner. Don't miss out on your opportunity to own a luxury haven in WaterColor! Schedule your private showing today!
Full Property Details
Full Property Details for 46 Vermilion Way
General
- Sold For: $5,650,000
- Taxes: $44,673 (2023)
- Status: Closed
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 958720
- Added to Site: 529 day(s) ago
Interior
- Rooms/Areas: Bedroom, Covered Porch, Den, Dining Room, Full Bathroom, Kitchen, Laundry, Living Room, Recreation Room
- Interior Features: Ceiling Raised, Fireplace Gas, Floor Hardwood, Furnished - All, Guest Quarters, Kitchen Island, Lighting Recessed, Owner's Closet, Pantry, Plantation Shutters, Shelving, Washer/Dryer Hookup, Wet Bar, Window Treatment All
- Appliances: Auto Garage Door Opn, Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Freezer, Ice Machine, Microwave, Oven Double, Oven Self Cleaning, Range Hood, Refrigerator, Security System, Smoke Detector, Stove/Oven Gas, Washer
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 6
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Living Room: Living Room
- Kitchen: Kitchen
- Dining Room: Dining Room
- Den: Yes
- Game room: Yes
- Game Room: Recreation Room
- Rec Room: Yes
- Porch: Covered Porch
Additional Information
- Shared Amenities: Beach, Deed Access, Dock, Fishing, Pets Allowed, Pickle Ball, Playground, Pool, Short Term Rental - Allowed, Tennis, TV Cable, Waterfront
- Pool: Yes
Exterior
- Exterior Features: Balcony, BBQ Pit/Grill, Deck Enclosed, Deck Open, Fenced Back Yard, Fenced Privacy, Fireplace, Guest Quarters, Hot Tub, Patio Covered, Patio Open, Pool - Heated, Porch, Porch Open, Separate Living Area, Shower, Sprinkler System, Summer Kitchen, TV Antenna
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking: Garage Detached, Guest
Location
- Area: 18 - 30A East
- County: Walton
- Subdivision: Watercolor
- Driving Directions: Head (S) on Hwy 395, take a right into Watercolor at the Publix intersection. Continue right on W. Lake Forest Drive at the stop sign. In .5 miles, turn onto Sand Hill Circle and follow curve. Take the next right on Wiregrass Way to Vermilion. 3rd Home on Right. **To access parking spots in the back turn right on Cove Hollow and then take first left on Parkview Lane.
School Information
- Elementary School: Dune Lakes
- Middle School: Emerald Coast
- High School: South Walton
Heating & Cooling
- Heating/Cooling: AC - 2 or More, AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, Water Heater - Tnkls
Utilities
- Utility Description: Electric, Gas - Natural, Phone, Public Sewer, Public Water, TV Cable
Structural Information
- Architectural Style: Beach House
- Construction: Roof Metal, Siding Wood
- Stories/Levels: 3
- Square Feet: 6,082
- Sq. Ft. Source: County PA Records
- Year Built: 2015
Lot Features
- Lot Dimensions: 59 x 166 x 52 x 86 x 118
- Street/Road Desc.: County Road, Paved Road
- Lot Features: Cul-De-Sac, Dead End, Restrictions, Within 1/2 Mile to Water
- Zoning: Resid Single Family
Financial Considerations
- Assessment Amount: $1,460
- Assmt Payment Freq: Quarterly
- Tax Amount: $44,673
- Tax Year: 2023
- Terms: Conventional, Exchange, FHA, VA
Disclosures and Reports
- Legal Description: LOT 20 VERMILION POINT AT WATERCOLOR PB 15-95 OR 2643- 3580 OR 2810-4811 OR 2823-2369 OR 2916-4785
- Assessment: Yes
- APN: 15-3S-19-25424-000-0200
Listed by The Beach Group Properties LLC
Sold by The Beach Group Properties LLC
Get Pre-Approved Today
Schools
Schools serving 46 Vermilion Way
School District:Walton County School District
| Name | Grades | Distance |
|---|---|---|
Bay Elementary School 6565 US Highway 98 East, Santa Rosa Beach, FL 32459 | K-5 | 4.1 mi |
Emerald Coast Middle School 4019 US Highway 98 East, Santa Rosa Beach, FL 32459 | 6-8 | 2.6 mi |
South Walton High School 645 Greenway Trail, Santa Rosa Beach, FL 32459 | 9-12 | 4.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 46 Vermilion Way
Date
Details
Price
Change
Source
2/25/2025
Sold
$5,650,000
-5.75%
MLS
1/17/2025
Price Reduced
$5,995,000
-6.25%
MLS
9/08/2024
Listed
$6,395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
46 Vermilion Way, Santa Rosa Beach, FL 32459 (MLS# 958720) is a Single Family property that was sold at $5,650,000 on February 25, 2025. Want to learn more about 46 Vermilion Way? 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.

