Welcome to your dream home in Watercolor! This stunning 3-bedroom, 3.5-bathroom residence spans a generous 2,486 square feet, perfectly nestled on a 6,380 square foot lot. Designed for comfort and style, this home offers an inviting open kitchen equipped with a sleek island, modern appliances including a dishwasher, microwave, and even a wine cooler for the connoisseur.Enjoy cozy evenings by the fireplace or relish the cool breeze on your charming porch. The formal dining room is perfect for hosting gatherings, while the kitchen dining area offers a more casual setting for meals. With completely replaced central AC system and added hot water pump to ensure hot water up and downstairs while all showers in use at once, your daily routines will be a breeze. Outdoor enthusiasts will love the community amenities, featuring a refreshing pool, tennis court, and playground. Plus, carport parking ensures your vehicle stays protected. Embrace the laid-back lifestyle of Watecolor today! This information is believed to be accurate, but without any warranty.
Sold for $2,450,000
$2,450,000
406 Red Cedar Way, Santa Rosa Beach, FL 32459
3beds
2,486sqft
Single Family Residence
Built in 2007
6,534 Square Feet Lot
$2,449,900 Zestimate®
$986/sqft
$4,303 Estimated rent
Home value
$2,449,900
$2.33M - $2.57M
$4,303/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 15, 2026 at 06:54am
Listed by:
Cole Blair Group 850-376-3269,
Compass
Bought with:
Destiny D Powell, 3566311
Innerscope Realty LLC
Source: ECAOR,MLS#: 989489
Originating MLS: Emerald Coast
Originating MLS: Emerald CoastFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Features: Cathedral Ceiling(s), Walk-In Closet(s)
- Level: Second
Bedroom
- Level: First
Primary bathroom
- Features: Double Vanity, MBath Shower Only, MBath Tile
Kitchen
- Level: First
Living room
- Level: First
Heating
- Natural Gas
Cooling
- Electric, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range Hood, Refrigerator W/IceMk, Gas Range, Washer, Wine Refrigerator
- Laundry: Washer/Dryer Hookup
Features
- Cathedral Ceiling(s), Hallway Bunk Beds, Kitchen Island, Owner's Closet, Bedroom, Dining Room, Kitchen, Living Room, Master Bedroom
- Flooring: Hardwood, Tile
- Windows: Window Treatments
- Has fireplace: Yes
- Fireplace features: Gas
- Furnished: Yes
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,486
- Total interior livable area: 2,486 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached Carport
- Has carport: Yes
- Covered spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Porch, Porch Screened
- Exterior features: Outdoor Shower, Dock, Dumpster, Tennis
- Pool features: Community
- Waterfront features: Beach, Waterfront
Lot
- Size: 6,534 sqft
- Dimensions: 58 x 110
- Features: Covenants, Interior Lot, Restrictions, Deed Access
Details
- Parcel number: 153S19254130000090
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Florida Cottage
- Property subtype: Single Family Residence
Materials
- Frame, Siding CmntFbrHrdBrd, Trim Wood
- Foundation: Foundation On Piling
- Roof: Metal
Condition
- Construction Complete
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Phone Connected, Tap Fee Paid, Cable Connected
Community & neighborhood
Community
- Community features: Fitness Center, Fishing, Picnic Area, Playground, Pool, TV Cable
Location
- Region: Santa Rosa Beach
- Subdivision: Watercolor
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $1,510 quarterly
- Services included: Accounting, Maintenance Grounds, Internet, Management, Master Association, Recreational Faclty, Services, Trash, Cable TV
Other
Other facts
- Listing terms: Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/15/2026 | Sold | $2,450,000-6.1%$986/sqft |
Source:  ECAOR #989489 Report a problem | ||
| 12/7/2025 | Pending sale | $2,610,000$1,050/sqft |
Source: ECAOR #989489 Report a problem | ||
| 11/12/2025 | Listed for sale | $2,610,000+24.3%$1,050/sqft |
Source: ECAOR #989489 Report a problem | ||
| 3/31/2021 | Sold | $2,100,000$845/sqft |
Source: ECAOR #865706 Report a problem | ||
| 3/2/2021 | Pending sale | $2,100,000$845/sqft |
Source: ECAOR #865706 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $19,767 +10.2% | $2,164,026 +9.6% |
| 2023 | $17,933 +1.4% | $1,973,621 +3.5% |
| 2022 | $17,678 +51.1% | $1,907,588 +75.5% |
Find assessor info on the county website
Neighborhood: 32459
Nearby schools
GreatSchools rating
- 10/10Bay Elementary SchoolGrades: K-5Distance: 3.7 mi
- 8/10Emerald Coast Middle SchoolGrades: 6-8Distance: 2.6 mi
- 8/10South Walton High SchoolGrades: 9-12Distance: 4.9 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.