Exceptional Gulf-View Residence in Prime WaterColor Location
Ideally situated just two blocks from the beach on a quiet street, this 5-bedroom, 5.5-bath WaterColor home offers rare elevated Gulf views, strong rental performance, and extensive recent upgrades. Positioned among the highest vantage points in the community, the property captures sweeping views of the Gulf, Seaside, and surrounding coastal landscape, highlighted by a rooftop deck designed for sunrise and sunset enjoyment.
The home features multiple indoor and outdoor living spaces, including expansive porches, a private rear deck with gas fire pit and grill, and a rooftop terrace with panoramic sightlines.
The kitchen is well-appointed with Sub-Zero refrigeration, Wolf appliances, an oversized island with seating, and custom cabinetry by Smallbone of England. Interiors were professionally designed by Beau Interiors and are offered furnished (with exclusions).
Recent improvements include new electrical throughout, new decking, recessed lighting, one new HVAC unit, new window treatments, new hot water heater, paved driveway, and updated marble surfaces in the kitchen.
The backyard faces toward Seaside and the Gulf, and a contractor has verified space for a potential pool installation. Located within close proximity to the Truman House and in one of WaterColor's most desirable rental areas, the property has generated approximately $175-200K annually in gross rental revenue over the past two years.
Buyer to verify all information and dimensions.
For sale
$4,599,000
146 Silver Laurel Way, Santa Rosa Beach, FL 32459
5beds
3,972sqft
Est.:
Single Family Residence
Built in 2007
5,227.2 Square Feet Lot
$4,279,100 Zestimate®
$1,158/sqft
$-- HOA
What's special
Offered furnishedOversized island with seatingNew hvac unitNew electrical throughoutNew deckingNew window treatmentsExpansive porches
- 21 days |
- 721 |
- 35 |
Zillow last checked:
Listing updated:
Listed by:
Matt W Wright 850-227-8276,
Think Real Estate
Source: CPAR,MLS#: 787994
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom, Dining Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Second
- Dimensions: 17 x 15
Bedroom
- Level: First
- Dimensions: 15 x 12
Dining room
- Level: First
- Dimensions: 17 x 13
Kitchen
- Level: First
- Dimensions: 18 x 14
Living room
- Level: First
- Dimensions: 26 x 14
Heating
- Central, Electric
Cooling
- Central Air, Multi Units
Appliances
- Included: Gas Cooktop
Interior area
- Total structure area: 3,972
- Total interior livable area: 3,972 sqft
Property
Parking
- Total spaces: 2
- Covered spaces: 2
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Balcony, Covered, Open, Porch
- Exterior features: Fire Pit
- Pool features: In Ground, Community
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
Lot
- Size: 5,227.2 Square Feet
- Dimensions: 50 x 100
Details
- Parcel number: 153S19254030000140
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Florida
- Property subtype: Single Family Residence
Materials
- Other
- Foundation: Pillar/Post/Pier
- Roof: Metal
Condition
- New construction: No
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available, Underground Utilities
Community & HOA
Community
- Features: Barbecue, Beach, Fitness Center, Game Room, Playground, Park, Pool, Shopping, Tennis Court(s), Community Pool, Short Term Rental Allowed
- Security: Key Card Entry, Smoke Detector(s)
- Subdivision: Watercolor
HOA
- Has HOA: Yes
- Amenities included: Beach Rights, Barbecue, Picnic Area
Location
- Region: Santa Rosa Beach
Financial & listing details
- Price per square foot: $1,158/sqft
- Tax assessed value: $3,793,326
- Annual tax amount: $33,945
- Date on market: 4/7/2026
- Cumulative days on market: 21 days
- Electric utility on property: Yes
Estimated market value
$4,279,100
$4.07M - $4.49M
$6,635/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/7/2026 | Listed for sale | $4,599,000+21%$1,158/sqft |
Source:  CPAR #787994 Report a problem | ||
| 7/30/2021 | Sold | $3,800,000-4.5%$957/sqft |
Source:  ECAOR #869922 Report a problem | ||
| 7/1/2021 | Pending sale | $3,979,000$1,002/sqft |
Source: ECAOR #869922 Report a problem | ||
| 4/22/2021 | Listed for sale | $3,979,000+53.6%$1,002/sqft |
Source: ECAOR #869922 Report a problem | ||
| 1/3/2018 | Listing removed | $2,590,000$652/sqft |
Source: Coldwell Banker Carroll Realty #782999 Report a problem | ||
| 9/14/2017 | Listed for sale | $2,590,000+72.7%$652/sqft |
Source: Coldwell Banker Carroll Realty #782999 Report a problem | ||
| 4/7/2011 | Sold | $1,500,000-1.6%$378/sqft |
Source: Public Record Report a problem | ||
| 3/12/2011 | Listed for sale | $1,525,000+510%$384/sqft |
Source: Davis Properties of NW FL, Inc #553864 Report a problem | ||
| 8/3/2001 | Sold | $250,000$63/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $33,357 +4.9% | $3,526,702 +10% |
| 2023 | $31,785 +17.7% | $3,206,093 +10% |
| 2022 | $27,011 +48.8% | $2,914,630 +55.4% |
| 2021 | $18,151 +1.6% | $1,875,125 +4.8% |
| 2020 | $17,858 +3.6% | $1,788,965 +3.1% |
| 2019 | $17,234 | $1,735,409 +2.1% |
| 2018 | $17,234 +1.6% | $1,700,469 +2.1% |
| 2017 | $16,956 +2.7% | $1,666,236 +2% |
| 2016 | $16,515 +1.1% | $1,633,125 +4.5% |
| 2015 | $16,342 +2.9% | $1,562,819 +6% |
| 2014 | $15,886 | $1,474,171 +8.9% |
| 2013 | -- | $1,354,171 |
| 2012 | -- | $1,354,171 -2% |
| 2011 | -- | $1,381,266 -1.9% |
| 2010 | -- | $1,408,577 -21% |
| 2009 | -- | $1,784,097 -5.3% |
| 2008 | -- | $1,884,607 +269.5% |
| 2007 | -- | $510,000 +7.4% |
| 2005 | -- | $475,000 +128.5% |
| 2004 | -- | $207,900 |
| 2003 | -- | $207,900 +4% |
| 2002 | -- | $200,000 |
Find assessor info on the county website
Monthly payment
Est. payment
$26,261/mo
Principal & interest
$22697
Property taxes
$3564
More affordability tools
Climate risks
Neighborhood: 32459
Nearby schools
GreatSchools rating
- 10/10Bay Elementary SchoolGrades: K-5Distance: 4.2 mi
- 8/10Emerald Coast Middle SchoolGrades: 6-8Distance: 2.9 mi
- 8/10South Walton High SchoolGrades: 9-12Distance: 4.6 mi
Schools provided by the listing agent
- Elementary: Dune Lakes
- Middle: Emerald Coast
- High: South Walton
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Walton County
- Santa Rosa Beach
- 32459
- 146 Silver Laurel Way
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