Welcome to 403 W Water Street, a rare opportunity to own one of Rosemary Beach's most remarkable residences. Located on the south side of 30A, four homes from the Gulf with Gulf views, just steps from the Town Center and Western Green, this home enjoys a premier location on a prominent corner lot along the iconic boardwalk to the H Beach Walkover. With 5 bedrooms, 6 baths and 4,592 square feet and wonderful storage, it blends timeless architecture with modern luxury.The first floor features a living area, laundry room and three spacious bedrooms with king beds, each with private en-suite baths, providing a restful retreat for guests. The second floor is dedicated entirely to living, dining, and kitchen spaces, creating an open and light-filled setting for gathering and entertaining. A gas fireplace anchors the main living area, adding warmth and character to the expansive open floor plan. Upstairs, the entire third floor serves as the master suite. This private sanctuary is complete with a balcony and living area with wet bar. The home captivates with wrap-around porches that bring the beauty of Rosemary Beach indoors. The elevator ensures effortless access to all levels.
French doors open onto multiple outdoor living areas, and the heated pool and outdoor living area with grill is the centerpiece for relaxation. The carriage house and two-car garage add flexibility and convenience for guests or extended stays.
Beyond the home itself, you'll enjoy the best of Rosemary Beach just steps away. The Town Center, and pristine beach access are right at your doorstep. The community's resort-style amenities, including five swimming pools, tennis courts, and a fitness center, further enhance the lifestyle this address affords.
Whether envisioned as a full-time residence, a refined coastal getaway, or a short-term luxury vacation rental, this home offers a rare combination of elegance, comfort, and a one of a kind location! Schedule your private showing today.
Sold for $7,500,000 on 11/21/25
$7,500,000
403 W Water St, Inlet Beach, FL 32461
5beds
4,592sqft
Single Family Residence
Built in 2004
4,791.6 Square Feet Lot
$7,499,600 Zestimate®
$1,633/sqft
$8,109 Estimated rent
Home value
$7,499,600
$7.12M - $7.87M
$8,109/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 21, 2025 at 04:38am
Listed by:
Ogle Luxury Group 817-304-1493,
EXP Realty LLC
Bought with:
Ken Lovelace, 3029153
Watersound Real Estate
Source: ECAOR,MLS#: 986463
Originating MLS: Emerald Coast
Originating MLS: Emerald CoastFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 6
Primary bedroom
- Features: MBed Balcony, MBed Sitting Area
- Level: Third
Primary bathroom
- Features: Bidet, Double Vanity, MBath Dressing Area, MBath Separate Shwr, MBath Tile, Walk-In Closet(s)
Kitchen
- Level: Second
Living room
- Level: Second
Heating
- Heat - Two or More
Cooling
- AC - 2 or More, Electric, Ceiling Fan(s)
Appliances
- Included: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Self Cleaning Oven, Range Hood, Refrigerator, Refrigerator W/IceMk, Washer, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, Bookcases, Crown Molding, High Ceilings, Elevator, Guest Quarters, Recessed Lighting, Newly Painted, Pantry, Shelving, Walls Wainscoting, Wet Bar, Woodwork Painted, Bedroom, Dining Room, Kitchen, Living Room, Master Bedroom, Separate Apartment, Sitting Room
- Flooring: Hardwood, Tile
- Windows: Window Treatments, Hurricane Shutters
- Has fireplace: Yes
- Fireplace features: Fireplace, Outside
- Furnished: Yes
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,592
- Total interior livable area: 4,592 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage, Garage Detached
- Garage spaces: 2
Features
- Stories: 3
- Patio & porch: Porch
- Exterior features: Barbecue, Separate Living Area, Sprinkler System, Outdoor Kitchen, Tennis
- Has private pool: Yes
- Pool features: Private, Gunite, In Ground
- Has spa: Yes
- Spa features: MBath Whirlpool
- Fencing: Back Yard,Partial,Privacy
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Beach, Waterfront
Lot
- Size: 4,791 sqft
- Dimensions: 60 x 80
- Features: Corner Lot, Restrictions, Within 1/2 Mile to Water, Deed Access
Details
- Additional structures: Guest House, Pavillion/Gazebo
- Parcel number: 353S18160680270060
- Zoning description: County,Resid Single Family
- Special conditions: Accept Backup Offers
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Beach House
- Property subtype: Single Family Residence
Materials
- Block, Concrete, Frame, Wood Siding, Stucco, Trim Wood
- Foundation: Foundation Off Grade
- Roof: Metal
Condition
- Construction Complete
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Tap Fee Paid, Cable Connected, Underground Utilities
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Fitness Center, Fishing, Picnic Area, Playground, Pool
Location
- Region: Inlet Beach
- Subdivision: Rosemary Beach
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $1,529 quarterly
- Services included: Maintenance Grounds, Recreational Faclty, Security
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2025 | Sold | $7,500,000-3.8%$1,633/sqft |
Source:  ECAOR #986463 | ||
| 10/22/2025 | Pending sale | $7,800,000$1,699/sqft |
Source: ECAOR #986463 | ||
| 9/30/2025 | Listed for sale | $7,800,000+8.9%$1,699/sqft |
Source: ECAOR #986463 | ||
| 5/4/2023 | Sold | $7,160,000-9.4%$1,559/sqft |
Source: ECAOR #913777 | ||
| 4/30/2023 | Pending sale | $7,900,000$1,720/sqft |
Source: ECAOR #913777 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $50,801 +43.7% | $5,561,605 +67% |
| 2024 | $35,352 +9.1% | $3,329,786 +10% |
| 2023 | $32,416 +21.7% | $3,027,078 +10% |
Find assessor info on the county website
Neighborhood: Rosemary Beach
Nearby schools
GreatSchools rating
- 10/10Bay Elementary SchoolGrades: K-5Distance: 5.7 mi
- 8/10Emerald Coast Middle SchoolGrades: 6-8Distance: 7.9 mi
- 8/10South Walton High SchoolGrades: 9-12Distance: 12 mi
Schools provided by the listing agent
- Elementary: Van R Butler
- 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.
Sell for more on Zillow
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$7,499,600
2% more+ $150K
With Zillow Showcase(estimated)
$7,649,592