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

265 Western Lake Drive, Santa Rosa Beach, FL 32459

$4,075,000

Property Type: Residential Bedrooms: 5 Baths: 6 Square Footage: 2,821 Lot Size (sq. ft.): 7,405 Status: Sold

Current Price: $4,075,000 List Date: 2/20/2026 Last Modified: 3/26/2026

Overview

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.

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 eleg ... (Read more)

Listing Details MLS# 995896

Status Change Info

Under Contract Date: 2026-02-22
Sold Date: 2026-03-25
Sold Price/SqFt: 1444.52

Contract Info

List Price/SqFt: 1462.25
Listing Board: Emerald Coast

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

General Property Info

Sub-Type: Detached Single Family
Design: Florida Cottage
Apx SqFt(Htd/Cooled): 2821
SqFt Source: County PA Records
Full Baths: 5
Half Baths: Yes
Total Bathrooms: 6
# Stories: 2
Year Built: 2006
Garage: Yes
Carport: No
Garage Spaces: Yes
Driveway Spaces: 2
Acreage: 0.17
Pool: Yes
Pool Type: Private

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

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

More Information

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: Yes

Parking Features

Garage Attached: Yes

Lot/Parcel Access

Paved Road: Yes

Lot Features

Corner: Yes
Covenants: Yes
Restrictions: Yes
Within 1/2 Mile to Water: Yes

Project Facilities

Beach: Yes
Dock: Yes
Exercise Room: Yes
Fishing: Yes
Pets Allowed: Yes
Picnic Area: Yes
Playground: Yes
Pool: Yes
Tennis: Yes

Utilities

Electric: Yes
Public Sewer: Yes
Public Water: Yes
TV Cable: Yes

Zoning

Deed Restrictions: Yes
Resid Single Family: Yes

Exterior

Balcony: Yes
Cabana: Yes
Fenced Back Yard: Yes
Fireplace: Yes
Guest Quarters: Yes
Pavillion/Gazebo: Yes
Pool - In-Ground: Yes
Porch: Yes
Summer Kitchen: Yes

Interior

Breakfast Bar: Yes
Floor Hardwood: Yes
Floor Tile: Yes
Furnished - Some: Yes
Guest Quarters: Yes
Kitchen Island: Yes
Pantry: Yes
Plantation Shutters: Yes
Washer/Dryer Hookup: Yes
Window Treatment All: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Oven Self Cleaning: Yes
Refrigerator W/IceMk: Yes
Smoke Detector: Yes
Stove/Oven Electric: Yes
Washer: Yes

Energy

AC - Central Elect: Yes
Water Heater - Elect: Yes

Mstr Bdrm/Mstr Bath

MBath Double Vanity: Yes
MBath Walk-In Closet: Yes

Master Bedroom

Second: Yes

Bedroom

First: Yes
Second: Yes

Kitchen

First: Yes

Rooms

Bedroom: Yes
Kitchen: Yes
Master Bedroom: Yes
Other: Yes

Fees Include

Accounting: Yes
Internet Service: Yes
Trash: Yes
TV Cable: Yes

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

Room Information

Room Name	Level	Dimensions	Length	Width
Kitchen	First	15 x 11	15.00	11.00
Other	First	12 x 8	12.00	8.00
Master Bedroom	Second	18 x 16.3	18.00	16.30
Bedroom	First	15 x 15	15.00	15.00
Bedroom	Second	14 x 11	14.00	11.00
Bedroom	Second	14 x 11	14.00	11.00
Bedroom	Second	15 x 12	15.00	12.00

Listing Office: Scenic Sotheby's International Realty

Last Updated: March - 26 - 2026

Broker Attribution: dahlerandco@scenicsir.com

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.