A Prime Investment Opportunity! This home is perfect for those seeking a lucrative investment property or personal retreat, with an impressive rental history of $430K in 2023 and currently on track to do over $400K for 2024! One of the top rentals in all of WaterColor! Welcome to ''Vermillionaire, the home everyone wants to visit--and never leave. This stunning 6,082 sq. foot custom-built vacation home located in WaterColor's Lake District, just moments from Western Lake and biking distance to the beach. This exceptional retreat offers the ultimate in luxury and fun, featuring the ''largest private pool'' in WaterColor, and an array of entertainment options. The home has an incredible layout throughout with plenty of spaces to make family memories and entertain guests alike! With six spacious bedrooms, and seven bathrooms, ''Vermillionaire'' provides luxurious accommodations for all guests.
From the moment you step inside this home you're greeted with stunning views of its incredible outdoor spaces, dining area, living room, and an elegant three-level staircase. The outdoor oasis features a covered patio with a TV, fireplace, fire pit, outdoor kitchen, and multiple lounging areasperfect for entertaining or relaxing. The living and dining areas flow seamlessly into the outdoor spaces, creating a perfect harmony between indoor and outdoor living.
The chef's kitchen is a dream come true, featuring a 6' Wolf® six-burner gas stove, two SubZero® refrigerators, two Bosch® dishwashers, an ice maker, quartz countertops, spacious pantry with plenty of storage. Designed with both style and function in mind, this kitchen is ideal for preparing gourmet meals or casual family feasts.
This home offers two primary bedrooms one on the first floor and another on the second level. The second-floor primary suite includes a luxurious free-standing soaking tub and a separate walk-in shower. This level also features two oversized bedrooms, each with private ensuite baths, and a cozy sitting area with access to a large, screened porch. The porch is a peaceful retreat with nature and pool views complete with swing, TV, outdoor brick fireplace, and a foosball table. For added convenience, there's a second laundry room option on this floor.
On the third floor, an incredible game room awaits, complete with arcade games for all ages. Connecting to the game room is a spacious bunk room featuring two sets of queen bunk beds, two closets, and a full bathroom with dual sinks and a walk-in shower.
The charming carriage house, located above the two-car garage, has a private entry and is well appointed with a full kitchen, microwave, sink, dishwasher, counter seating, a cozy family room with a TV, bedroom, full bathroom, washer and dryer, plus a balcony with serene forest views.
Whether you're lounging poolside, exploring the area by bikes, or visiting nearby Seaside for amazing shopping and dining, there's no shortage of things to do but you may never want to leave the comfort of this incredible home. WaterColor is a stunning, resort-style community on 30A, offering the perfect blend of luxurious living and vibrant outdoor experiences. Located near the Gulf of Mexico and Western Lake, WaterColor features thoughtfully designed streets and pathways connecting homes to lush parks, shops, and green spaces. With so many unique features, including the exclusive WaterColor Beach Club, nine community pools, tennis and pickleball courts, amphitheater, and boat house with access to paddleboarding and kayaking on Western Lake, and more... This vibrant community offers something for everyone whether you're an outdoor enthusiast or a family seeking a community-focused lifestyle.
This property is offered fully furnished (with a few exclusions), turnkey and ready for the next owner. Don't miss out on your opportunity to own a luxury haven in WaterColor! Schedule your private showing today!
Sold for $5,650,000 on 02/25/25
$5,650,000
46 Vermilion Way, Santa Rosa Beach, FL 32459
6beds
6,082sqft
Single Family Residence
Built in 2015
-- sqft lot
$5,617,200 Zestimate®
$929/sqft
$7,873 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: February 25, 2025 at 05:51am
Listed by:
Amy M Wiggins 850-332-4743,
The Beach Group Properties LLC
Bought with:
Andy Wiggins, 3076380
The Beach Group Properties LLC
Source: ECAOR,MLS#: 958720
Originating MLS: Emerald Coast

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
Primary bedroom
- Features: MBed Balcony, MBed First Floor, Walk-In Closet(s)
Primary bathroom
- Features: Double Vanity, Soaking Tub, MBath Separate Shwr, MBath Tile, Walk-In Closet(s)
Kitchen
- Level: First
Living room
- Level: First
Heating
- Electric
Cooling
- AC - 2 or More, Electric, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Double Oven, Self Cleaning Oven, Range Hood, Refrigerator, Gas Range, Washer, Tankless Water Heater
- Laundry: Washer/Dryer Hookup, Laundry Room
Features
- High Ceilings, Guest Quarters, Kitchen Island, Recessed Lighting, Owner's Closet, Pantry, Shelving, Wet Bar, Bedroom, Den, Dining Room, Full Bathroom, Kitchen, Living Room, Recreation Room
- Flooring: Hardwood
- Windows: Plantation Shutters, Window Treatments
- Has fireplace: Yes
- Fireplace features: Gas, Outside
- Furnished: Yes
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 6,082
- Total interior livable area: 6,082 sqft
Property
Parking
- Total spaces: 7
- Parking features: Garage Detached, Guest, Garage Door Opener
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 3
- Patio & porch: Deck Enclosed, Deck Open, Patio Covered, Patio Open, Porch, Porch Open, Covered Porch
- Exterior features: Balcony, Barbecue, Hot Tub, Separate Living Area, Outdoor Shower, Sprinkler System, Outdoor Kitchen, Dock, Tennis
- Has private pool: Yes
- Pool features: Private, Heated
- Has spa: Yes
- Fencing: Back Yard,Privacy
- Waterfront features: Beach, Waterfront
Lot
- Dimensions: 59 x 166 x 52 x 86 x 118
- Features: Cul-De-Sac, Dead End, Restrictions, Within 1/2 Mile to Water, Deed Access
Details
- Additional structures: Guest House
- Parcel number: 153S19254240000200
- Zoning description: Resid Single Family
- Other equipment: TV Antenna
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Beach House
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Metal
Condition
- Construction Complete
- Year built: 2015
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Phone Connected, Cable Connected
Community & neighborhood
Security
- Security features: Fire Alarm/Sprinkler, Security System, Smoke Detector(s)
Community
- Community features: Fishing, Pickleball, Playground, Pool, TV Cable
Location
- Region: Santa Rosa Beach
- Subdivision: Watercolor
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $1,460 quarterly
- Services included: Maintenance Grounds, Internet, Security, Trash, Cable TV
Other
Other facts
- Listing terms: Conventional,1031 Exchange,FHA,VA Loan
- Road surface type: Paved
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$5,617,200
2% more+$112K
With Zillow Showcase(estimated)$5,729,544