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For sale
    • Price cut: $25K (7/29)
    $4,625,000

    17 Compass Point Way, Inlet Beach, FL 32461

    5beds
    4,230sqft
    : 
    $28,760/mo
    Get pre-qualified
    Single Family Residence
    Built in 2017
    5,227 Square Feet Lot
    $4,335,100 Zestimate®
    $1,093/sqft
    $-- HOA

    What's special

    Private poolDetached garageFive-bedroom five-and-a-half-bath homeDual full-width covered porchesMarble countertopsCrisp white interiorsSoaring ceilings
    Steps from the sugar-white sands of the Gulf, this exceptional Watersound Beach residence commands attention across four thoughtfully designed floors. Built in 2017 and encompassing 4,230 square feet, this five-bedroom, five-and-a-half-bath home is a masterclass in refined coastal living, with all three HVAC systems replaced in 2026 for effortless, worry-free ownership. Soaring ceilings, crisp white interiors, and a white brick fireplace set the tone, while the chef's kitchen boasts marble countertops and a full suite of Thermador appliances, including a six-burner gas range. Two primary suites, including a first-floor retreat, offer rare privacy. A dedicated bunk room and third-floor game room with oversized screen make the home ideal for gathering and entertaining. Outside, a private pool and landscaped yard provide a serene escape, while the fourth-floor west-facing lookout tower reveals sweeping views of the Emerald Coast. Dual full-width covered porches invite unhurried mornings and golden-hour evenings. A detached garage and paved driveway complete the offering. Within the gated Watersound Beach community, residents enjoy multiple pools, a private fitness center, miles of scenic boardwalks, a dog park, and one mile of deeded Gulf beach access. Short-term rentals are permitted, presenting a rare opportunity to own a premier primary residence, second home, or income-producing asset along one of Florida's most sought-after coastlines.
    147 days
    |
    488
    |
    18
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Blankenship Watkins Advisory Group 850-805-6100,

    Christies International Real Estate Emerald Coast

    Source: ECAOR,MLS#: 998095MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      Primary bedroom
      • Level: First
      • Area: 182 Square Feet
      • Dimensions: 14 x 13
      Primary bedroom
      • Level: Second
      • Area: 266.83 Square Feet
      • Dimensions: 16.25 x 16.42
      Bedroom
      • Level: Second
      • Area: 254.78 Square Feet
      • Dimensions: 12.9 x 19.75
      Bedroom
      • Level: Second
      • Area: 246.88 Square Feet
      • Dimensions: 12.5 x 19.75
      Primary bathroom
      • Level: Second
      • Area: 154.2 Square Feet
      • Dimensions: 10 x 15.42
      Dining area
      • Level: First
      • Area: 146.38 Square Feet
      • Dimensions: 14.17 x 10.33
      Foyer
      • Level: First
      • Area: 55.39 Square Feet
      • Dimensions: 6.33 x 8.75
      Kitchen
      • Level: First
      • Area: 184.73 Square Feet
      • Dimensions: 15.08 x 12.25
      Living room
      • Level: First
      • Area: 347.01 Square Feet
      • Dimensions: 17.58 x 19.75
      Heating
      • Central, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Refrigerator, Washer, Electric Water Heater
      • Laundry: Washer/Dryer Hookup
      Features
      • Kitchen Island, Owner's Closet
      • Windows: Window Treatments
      • Has fireplace: Yes
      • Fireplace features: Gas
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 4,230
      • Total interior livable area: 4,230 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Garage Door Opener, Detached
      • Garage spaces: 1
      Features
      • Stories: 4
      • Patio & porch: Screened
      • Exterior features: Balcony, Outdoor Shower
      • Pool features: In Ground
      • Fencing: Partial
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      Lot
      • Size: 5,227 Square Feet
      • Dimensions: 48 x 110
      Details
      • Parcel number: 203S18160130000470
      • Zoning description: Resid Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Beach House
      • Property subtype: Single Family Residence
      Materials
      • Shake Siding
      • Roof: Shake
      Condition
      • Construction Complete
      • New construction: No
      • Year built: 2017

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Fitness Center, Gated, Picnic Area, Playground, Pool, TV Cable, Waterfront, Short Term Rental - Allowed
      • Subdivision: WATERSOUND BEACH
      HOA
      • Has HOA: Yes
      • Services included: Recreational Faclty, Security, Trash, Internet
      Location
      • Region: Inlet Beach

      Financial & listing details

      • Price per square foot: $1,093/sqft
      • Tax assessed value: $4,236,809
      • Annual tax amount: $36,264
      • Date on market: 3/16/2026

        Estimated market value

        $4,335,100

        $4.12M - $4.55M

        $8,122/mo

        Price history

        DateEventPrice
        7/29/2026Price change$4,625,000-0.5%$1,093/sqft
        Source: ECAOR #998095 Report a problem
        6/8/2026Price change$4,650,000-0.9%$1,099/sqft
        Source: ECAOR #998095 Report a problem
        4/14/2026Price change$4,690,000-2.1%$1,109/sqft
        Source: ECAOR #998095 Report a problem
        3/16/2026Listed for sale$4,790,000+6.4%$1,132/sqft
        Source: ECAOR #998095 Report a problem
        9/5/2025Sold$4,500,000-6.3%$1,064/sqft
        Source: ECAOR #976128 Report a problem
        8/11/2025Pending sale$4,800,000$1,135/sqft
        Source: ECAOR #976128 Report a problem
        5/12/2025Listed for sale$4,800,000+61.3%$1,135/sqft
        Source: ECAOR #976128 Report a problem
        6/29/2020Sold$2,975,000-0.7%$703/sqft
        Source: ECAOR #833820 Report a problem
        5/28/2020Price change$2,995,000-3.4%$708/sqft
        Source: Coastal Luxury #833820 Report a problem
        3/19/2020Price change$3,099,000-3.1%$733/sqft
        Source: Coastal Luxury #833820 Report a problem
        10/22/2019Listed for sale$3,199,000+496.8%$756/sqft
        Source: Coastal Luxury #833820 Report a problem
        5/6/2013Sold$536,000+34%$127/sqft
        Source: Public Record Report a problem
        4/12/2012Sold$400,000-58.6%$95/sqft
        Source: Public Record Report a problem
        7/18/2005Sold$966,500$228/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$36,264 +3.4%$3,814,093 +10%
        2024$35,077 +7.9%$3,467,357 +10%
        2023$32,499 +4.7%$3,152,143 +10%
        2022$31,041 +23.1%$2,865,585 +10%
        2021$25,216 +5.6%$2,605,077 +8.9%
        2020$23,886 +9.3%$2,392,778 +8.7%
        2019$21,862 $2,201,384 +3.4%
        2018$21,862 +3.9%$2,128,818 +188.8%
        2017$21,034 +187.9%$737,100 +9.2%
        2016$7,306 +8.2%$675,000 +12.5%
        2015$6,754 +18%$600,000 +26.3%
        2014$5,726 $475,000 +50.2%
        2013-- $316,250 +39.6%
        2012-- $226,575 -5%
        2011-- $238,500 -25.5%
        2010-- $320,000 -0.7%
        2009-- $322,415 -2.5%
        2008-- $330,750 -17.1%
        2007-- $399,000 +9.3%
        2005-- $365,000 +14107.9%
        2004-- $2,569
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: WaterSound Beach

        Getting around

        9 / 100
        Car-Dependent
        38 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Dune Lakes
        • Middle: Emerald Coast
        • High: South Walton

        Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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