Last Sold Price
6 beds4,181 sqft$1,143/sqft
196 Red Cedar Way, Santa Rosa Beach, FL 32459

Description

Modern elegance meets tranquility at this private luxurious retreat nestled between the pines in the heart of Watercolor. With Wood Fern Park and Camp Watercolor to the east and a wooded nature trail immediately to the south and west, this Gregory Jazayeri designed six bedroom, six full bath residence constructed by Borges Brooks Builders has privacy rarely found in Watercolor. Upon entering the home, guests are welcomed by soaring 12-foot ceilings and a professionally decorated interior. A guest...Modern elegance meets tranquility at this private luxurious retreat nestled between the pines in the heart of Watercolor. With Wood Fern Park and Camp Watercolor to the east and a wooded nature trail immediately to the south and west, this Gregory Jazayeri designed six bedroom, six full bath residence constructed by Borges Brooks Builders has privacy rarely found in Watercolor. Upon entering the home, guests are welcomed by soaring 12-foot ceilings and a professionally decorated interior. A guest bedroom with ensuite and a well-appointed laundry room are located off of the main entry, with a hallway leading to the open concept kitchen, living, and dining area. A Pecky cypress ceiling, Sub-zero and Wolf appliances, lighted open shelving with custom tile, and quartz countertops including a grand 11 foot waterfall island complete this chef's dream kitchen. In the living and dining room, a gas fireplace, ceiling with exposed wooden beams, and bifold accordion glass doors create a perfect transition from the modern interior of the home to the peaceful setting found on the idyllic outdoor back deck with a heated pool overlooking the wooded nature trail. On the second level, you'll find two beautiful guest bedrooms, each with ensuite and access to the front balcony overlooking Wood Fern Park. A third guest bedroom with custom barn doors is situated across the hall from a spacious covered porch with a gas fire table that overlooks the forest to the south. The grand main suite is also on this floor and features a substantial walk-in closet as well as an impressive ensuite with dual vanities, a soaking tub and a large shower. The main suite also has a private balcony where a custom bed swing and views of the serene nature trail await. The third floor offers the kids a retreat of their own featuring a large bedroom, a game room and its own private bathroom. An investor's dream, this exquisite home which is now offered fully furnished has a remarkable rental history and has been professionally and meticulously maintained.
LISTING CLOSED: 10/24/2023 12:00 AM

  1. Listed by Smith Burke • Corcoran Reverie SRB
    C: (850) 610-0667 smithburke850@gmail.com

Property Details for 196 Red Cedar Way

Status
MLS #
922235
Days on Market
155
Taxes
-
HOA Fees
$1,332 / quarter
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Detached Single Family
Year Built
2018
Lot Size
-
Zoning
Resid Single Family
Architectural Style
Beach House
Subdivision Name
WATERCOLOR

Recent comparable sales

Median sold price

$4,925,000

Avg days on market

139

Sale-to-list ratio

93.8%

[Santa Rosa Beach, FL]

9 comparable properties found

$4,350,000 | 224 Canal Street, Santa Rosa Beach, FL 32459
1/68
1

$4,350,000

Sold 04/10/26

6
Bedrooms
4,712
Square Feet
0.37
Acres
a view of entryway with wooden floor and stairs
1/75
2

$5,800,000

Sold 10/28/24

6
Bedrooms
4,657
Square Feet
Unavailable
Acres
a view of a white house with large windows and a large tree
1/106
3

$3,425,000

Sold 10/20/25

6
Bedrooms
4,374
Square Feet
0.15
Acres
$4,050,000 | 69 East Grove Avenue, Santa Rosa Beach, FL 32459
1/2
4

$4,050,000

Sold 06/15/26

6
Bedrooms
4,262
Square Feet
0.14
Acres
$3,830,000 | 25 Muhly Circle, Santa Rosa Beach, FL 32459
1/43
5

$3,830,000

Sold 06/17/26

6
Bedrooms
4,062
Square Feet
0.16
Acres
a view of a building with a lawn chairs and a dining table and chair
1/46
6

$5,900,000

Sold 10/01/24

6
Bedrooms
4,710
Square Feet
0.19
Acres
$6,000,000 | 81 Watercolor Boulevard East, Santa Rosa Beach, FL 32459
1/2
7

$6,000,000

Sold 08/10/26

6
Bedrooms
4,374
Square Feet
0.13
Acres
a front view of a house with a tree
1/107
8

$5,500,000

Sold 04/04/25

6
Bedrooms
5,249
Square Feet
0.14
Acres
a front view of a house with a porch
1/19
9

$5,500,000

Sold 10/07/24

6
Bedrooms
5,259
Square Feet
0.32
Acres

Location

Listing Courtesy of Corcoran Reverie SRB

Sold By Berkshire Hathaway HomeServices

Add your commute

Building Information for 196 Red Cedar Way

Stories3Year Built2018Building Size-Lot Size-

Payment Calculator

$27,624 per month

30 year fixed, 6.55% Interest

Principal and Interest

$24,296

Property Taxes

$2,884

HOA Dues

$444

The Payment Calculator is for illustrative purposes only.

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Property Information for 196 Red Cedar Way

Summary
Location and General Information
  • Community Features: Beach, Deed Access, Dock, Pets Allowed, Playground, Pool, Tennis, TV Cable
  • Directions: Turn on 395 from 98, turn right by Publix onto W Lake Forest Drive, then turn left onto Red Cedar Way.
  • MLS Area Minor: 1802 - S. of 98 W of Camp Creek
  • MLS Area Major: 18 - 30A East
  • Latitude: 30.325278
  • Longitude: -86.133559
  • Location Tax and Legal:Sub Area: 1802 - S. of 98 W of Camp Creek
  • Location Tax and Legal:Elementary School: Dune Lakes
  • Location Tax and Legal:Middle School: Emerald Coast
  • Location Tax and Legal:High School: South Walton
  • Location Tax and Legal:Legal Description: LOT 8 EASTERN COVE AT WATERCOLOR PB 15-24 OR 2437-679 OR 2479-580 OR 2579-306 OR 2651-692 OR 2732-202 OR 2741-1085 OR 2829-3564 OR 2873-3974 OR 3033-2409 OR 3050-4286 OR 3079-3737
  • Project Facilities: Beach, Deed Access, Dock2, Pets Allowed2, Pickle Ball, Playground, Pool2, Tennis, TV Cable3
Taxes and HOA
  • Association Fee Frequency: Quarterly
  • Association Fee Includes: Accounting, Ground Keeping, Internet Service, Recreational Faclty, Security, Cable TV, Trash
  • Association Fee2: $1,332
  • Tax Legal Description: LOT 8 EASTERN COVE AT WATERCOLOR PB 15-24 OR 2437-679 OR 2479-580 OR 2579-306 OR 2651-692 OR 2732-202 OR 2741-1085 OR 2829-3564 OR 2873-3974 OR 3033-2409 OR 3050-4286 OR 3079-3737
  • Parcel Number: 15-3S-19-25415-000-0080
  • Association Fee: $0
  • Association YN: Yes
School Information
  • Elementary School: Dune Lakes
  • Middle Or Junior School: Emerald Coast
  • High School: South Walton
Parking
  • Carport YN: No
Property
Lot Information
  • Building Area Source: Appraiser
  • Lot Size Dimensions: 55x110x55x110
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Units: Acres
  • Property Condition: Construction Complete
  • Building Area Total: 4181.0
  • Lot Size Square Feet: 0.0
  • General Property Info:SqFt Source: Appraiser
Property and Assessments
  • Floor Plans Count: 0.0
  • Property Type: Residential
  • Year Built: 2018.0
  • Property Sub Type: Detached Single Family
  • New Construction YN: No
  • General Property Info:Sub-Type: Detached Single Family
  • General Property Info:Design: Beach House
  • Construction Status: Construction Complete
  • Construction Siding: Roof Metal, Siding CmntFbrHrdBrd
Utilities
  • Utilities: Electric, Gas - Natural, Public Sewer
  • Electric: True
  • Utilities: Electric, Gas - Natural, Public Sewer
  • Energy: AC - 2 or More, Water Heater - Tnkls
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, Deck Covered, Deck Open, Fenced Back Yard, Pool - Heated
  • Construction Materials: Roof Metal, Siding CmntFbrHrdBrd
  • Stories: 3.0
  • Pool Features: Pool Type
  • General Property Info:Pool: Yes
  • General Property Info:Pool Type: Private
  • Exterior: Balcony, Deck Covered, Deck Open, Fenced Back Yard, Pool - Heated
Interior Features
  • Interior Features: Ceiling Beamed, Fireplace Gas, Floor Hardwood, Furnished - All, Kitchen Island, Window Treatment All
  • Room Type: Bedroom, Master Bedroom, Kitchen, Great Room
  • Rooms Total: 8.0
  • Bathrooms Total Integer: 7.0
  • Bathrooms Total Decimal: 6.5
  • Bathrooms Total Notational: 6.1
  • Bedrooms Total: 6.0
  • Bathrooms Full: 6.0
  • Bathrooms Half: 1.0
  • Interior: Ceiling Beamed, Fireplace Gas, Floor Hardwood, Furnished - All, Kitchen Island, Window Treatment All
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Washer
Room Information
Room 1
  • Room Type: Bedroom
  • Room Level: First
  • Room Length: 10.0
  • Room Width: 9.0
  • Room Dimensions: 10 x 9
Room 2
  • Room Type: Master Bedroom
  • Room Level: Second
  • Room Length: 17.0
  • Room Width: 20.0
  • Room Dimensions: 17 x 20
Room 3
  • Room Type: Bedroom
  • Room Level: Second
  • Room Length: 10.0
  • Room Width: 14.0
  • Room Dimensions: 10 x 14
Room 4
  • Room Type: Bedroom
  • Room Level: Second
  • Room Length: 12.0
  • Room Width: 12.0
  • Room Dimensions: 12 x 12
Room 5
  • Room Type: Bedroom
  • Room Level: Second
  • Room Length: 12.0
  • Room Width: 14.0
  • Room Dimensions: 12 x 14
Room 6
  • Room Type: Bedroom
  • Room Level: Third
  • Room Length: 20.0
  • Room Width: 12.0
  • Room Dimensions: 20 x 12
Room 7
  • Room Type: Kitchen
  • Room Level: First
  • Room Length: 20.0
  • Room Dimensions: 20 x 18
Room 8
  • Room Type: Great Room
  • Room Level: First
  • Room Length: 20.0
  • Room Width: 28.0
  • Room Dimensions: 20 x 28
Rental
Rent Information
  • General Property Info:Immediate Occupancy: true
  • Listing Info Tax Legal:Is Subject Leased: false

Property History for 196 Red Cedar Way

DateEvent & SourcePriceAppreciation
Oct 24, 2023

Sold (Public Record)

Public Record #1521090364

$4,780,000

+14.0% / yr

Oct 24, 2023

Sold

ECAR #922235

$4,780,000
Oct 3, 2023

Pending

ECAR #922235

DateEvent & SourcePrice
10/24/2023

Sold (Public Record)

Public Record #1521090364

$4,780,000

+14.0% / yr

10/24/2023

Sold

ECAR #922235

$4,780,000
10/03/2023

Pending

ECAR #922235

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 196 Red Cedar Way

Taxable ValueLand$640,762Additions$2,943,282Total$3,584,044
Tax Record2024$34,603 ($2,884 / month)
Home Facts
Beds5Total Finished SqFt4,181 SqFtAbove Grade Finished SqFt4,181 SqFtStories3Lot Size5,663 SqFtStyleSingle Family ResidenceYear Built2018CountyWALTONAPN15-3S-19-25415-000-0080

Schools near 196 Red Cedar Way

This home is within Walton.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Dune Lakes Elementary School
PublicK to 5

Emerald Coast Middle School
Public6 to 8

South Walton High School
Public9 to 12

WALTON VIRTUAL SCHOOL WCSD-7023
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Reverie SRB

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.