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$3,750,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 4 Full Baths
  • 2,745 Sq. Ft.
  • Updated 1 day ago
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Welcome to this beautifully renovated WaterColor home in the coveted Phase I, perfectly positioned on the north side of Western Lake Drive with a rare private backyard. One of few WaterColor homes in Phase I to have a pool/spa and private backyard. The main living area is open and inviting, with coffered ceilings and marble countertops in both the kitchen and baths. Natural light fills the space, and the living and dining areas look out to a peaceful, private setting with a subtle glimpse of Western Lake. A flexible first-floor guest room--currently used as a media room--can easily be converted back into a bedroom, making it ideal for hosting family and friends. Upstairs, the primary suite has been thoughtfully expanded into a spacious retreat, complete with a large bath, marble finishes, and a walk-in closet with a stackable washer and dryer (a second stackable washer/dryer is also located on the first floor). Each additional bedroom features its own en-suite bath, offering comfort and privacy for guests. The backyard is designed for relaxed coastal living, with a private pool and spa, summer kitchen, and outdoor fireplace. A fully fenced yard provides space to unwind, entertain, or enjoy time with kids and pets. WaterColor offers an elevated coastal lifestyle defined by exceptional amenities and effortless access to everything that makes 30A so special. The private Beach Club is just a short bike ride away, where you can spend your days taking in panoramic Gulf views and the area's signature sugar-white sand. More than five miles of beautifully maintained trails wind throughout the community, inviting peaceful morning walks or bike rides beneath a canopy of mature trees and along the serene shoreline of Western Lake. For those drawn to the water, access to canoes, kayaks, and paddleboards offers a seamless way to enjoy the rare coastal dune-lake setting. Enjoy thoughtfully curated amenities, including Camp WaterColor, the iconic Frog Pool, and a future fitness center. Just beyond your doorstep, a charming stroll or bike ride connects you to the renowned dining and boutique shopping of Seaside. Whether you're looking for a place to enjoy with family or a home that can generate income when you're away, this property offers the best of both.

Full Property Details for 765 Western Lake Dr

General

  • Price: $3,750,000
  • Taxes: $23,077 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Emerald_Coast
  • MLS ID: 1002176
  • Updated: 5/3/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Complex Features: Pickle Ball, Beach, Dock, Fishing, Picnic Area, Playground, Pool, Tennis, TV Cable, Waterfront

Interior

  • Number of Rooms: 7
  • Interior Features: Built-In Bookcases, Ceiling Tray/Cofferd, Lighting Recessed, Pantry
  • Fireplace: Yes
  • Fireplace(s): Fireplace
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator, Smoke Detector, Washer, Wine Refrigerator, Water Heater - Elect
  • Furnishings: Furnished - All
  • Flooring: Floor Hardwood, Floor Tile

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Pool: Yes
  • Pool Description: Pool - Heated, Pool - In-Ground, Pool Type

Exterior

  • Exterior Features: Fenced Back Yard, Shower, Summer Kitchen
  • Porch/Patio/Deck: Porch Open, Porch Screened

Parking

  • Carport Spaces: 2
  • Parking Features: Carport Attached, Covered

Location

  • Area: 18 - 30A East
  • County: Walton
  • Subdivision: WATERCOLOR
  • Driving Directions: From Hwy. 98 Take Cty Road 283 to Grayton Beach stop sign. Turn left to WaterColor Blvd. Home is located in Phase I of WaterColor.

School Information

  • Elementary School: Van R Butler
  • Middle School: Emerald Coast
  • High School: South Walton

Community

  • Association: Yes
  • Assoc. Fees Include: Accounting, Legal, Master Association, Recreational Faclty, Services, 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, Gas - Propane, Public Water, TV Cable

Structural Information

  • Architectural Style: Craftsman Style
  • Construction: Foundation Off Grade, Siding CmntFbrHrdBrd
  • Exterior Const.: Foundation Off Grade, Siding CmntFbrHrdBrd
  • Stories/Levels: 2
  • Square Feet: 2,745
  • Sq. Ft. Source: Appraiser
  • Year Built: 2004

Lot Features

  • Property View: Lake
  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,227.2
  • Lot Dimensions: 53 x 100 x 50 x 100
  • Frontage: Private Road
  • Street/Road Desc.: Paved
  • Lot Features: Cleared, Covenants, Interior, Restrictions, Within 1/2 Mile to Water, Wooded
  • Zoning: Resid Single Family

Water Features

  • Water View: Yes

Financial Considerations

  • Assessment Amount: $1,560
  • Tax Amount: $23,077.44
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: LOT 27 LAKE DISTRICT AT WATER COLOR PB 14-33 OR 2378-1543 OR OR 2633-3220 OR 2676-4893 OR 2855-210
  • APN: 15-3S-19-25405-000-0270
  • Property ID: 15-3S-19-25405-000-0270

Listed by Watersound Real Estate

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— 765 Western Lake Dr —

  • Watersound Real Estate

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 765 Western Lake Dr

School District:Walton County School District
NameGradesDistance
Bay Elementary School
6565 US Highway 98 East, Santa Rosa Beach, FL 32459
K-54.1 mi
Emerald Coast Middle School
4019 US Highway 98 East, Santa Rosa Beach, FL 32459
6-82.8 mi
South Walton High School
645 Greenway Trail, Santa Rosa Beach, FL 32459
9-124.7 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 765 Western Lake Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/03/2026
Listed
$3,750,000
233.33%
MLS
11/30/2010
Sold
$1,125,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 765 Western Lake Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$21,568
—
$2,791,486
6%
2024
$21,568
7%
$2,623,499
3%
2023
$20,153
27%
$2,538,639
45%
2021
$15,926
-16%
$1,750,835
-28%
2022
$18,951
19%
$2,432,909
68%
2021
$15,926
19%
$1,444,679
13%
2019
$13,369
16%
$1,274,595
10%
2018
$11,554
-19%
$1,158,723
-23%
2017
$14,335
5%
$1,508,686
4%
2016
$13,598
6%
$1,455,435
6%
2015
$12,847
8%
$1,374,765
8%
2014
$11,928
23%
$1,269,497
36%
2013
$9,704
—
$935,448
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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765 Western Lake Drive, Santa Rosa Beach, FL 32459 (MLS# 1002176) is a Single Family property with 4 bedrooms and 4 full bathrooms. 765 Western Lake Drive is currently listed for $3,750,000 and was received on May 04, 2026. Want to learn more about 765 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.

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