198 East Water Street

198 e water st, inlet beach, fl 32461, u

Active

$3,749,500

4 beds5 baths2,629 sqft

198 E Water St, Inlet Beach, FL 32461

Est: $21,986/moGet pre-approved

Single FamilyProperty Type

0.06 acresLot Size

2012Year Built

$1,426/sq ftPrice per sq ft

4 carsParking Spaces

Description

Welcome home to this beautifully refreshed cottage and carriage house in the heart of Rosemary Beach, where timeless coastal charm meets effortless 30A living. Thoughtfully updated, the main residence features freshly painted interiors, brand-new countertops, refreshed appliances, and a bright, open-concept living and kitchen area designed for gathering with family and friends. Offering three bedrooms and three-and-a-half baths in the main cottage, along with a separate one-bedroom, one-bath carriage...Welcome home to this beautifully refreshed cottage and carriage house in the heart of Rosemary Beach, where timeless coastal charm meets effortless 30A living. Thoughtfully updated, the main residence features freshly painted interiors, brand-new countertops, refreshed appliances, and a bright, open-concept living and kitchen area designed for gathering with family and friends. Offering three bedrooms and three-and-a-half baths in the main cottage, along with a separate one-bedroom, one-bath carriage house, the property provides a versatile layout with plenty of space for family and guests. Step outside to your own private retreat, where a heated pool surrounded by lush tropical landscaping creates an inviting setting for relaxing afternoons, outdoor entertaining, and evenings after a day at the beach. Ideally located just moments from the beautiful beaches and emerald waters of the Gulf, along with Rosemary Beach's boutique shopping, acclaimed dining, and charming town center, this home places the best of the community right outside your door. Whether enjoyed as a second home, vacation retreat, or investment property, this refreshed Rosemary Beach cottage offers an exceptional opportunity to own and enjoy a special piece of one of 30A's most sought-after communities.

72 days on Market

Listed by: Stephen M McGrath 615.594.4557 mikem@rosemarybeachrealty.com Brokerage DRE #1038869 • Rosemary Beach Realty LLC

Last updated: 08/12/2026 10:49 AM • Source: ECAR, MLS#: 1008286

Location

Listing Courtesy of Rosemary Beach Realty LLC

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$21,986 per month

30 year fixed, 7.03% Interest

Principal and Interest

$20,017

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$1,969

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Property Information for 198 East Water Street

Property Details

Taxes: $23,630 / year
MLS Type: Residential / Detached Single Family
County: Walton County
Zoning: Resid Single Family
Architectural Style: Beach House
Subdivision Name: ROSEMARY BEACH

Building Information

Stories: 3
Year Built: 2012
Lot Size: 0.06 AC / 2,613 SF

Summary

Location and General Information

Community Features: Short Term Rental - Allowed, Beach, Deed Access, Exercise Room, Fishing, Pets Allowed, Pool, Tennis, TV Cable, Waterfront
Directions: Heading East on Hwy 30, Turn Left onto E Water Street. Home Will be on the Left. Park in back of home On Trimingham Ln.

Road Frontage Type: Private Road
MLS Area Minor: 1804 - S. of 98 East of Camp Creek
MLS Area Major: 18 - 30A East
Latitude: 30.279984
Longitude: -86.013598
Location Tax and Legal:Sub Area: 1804 - S. of 98 East of Camp Creek
Location Tax and Legal:Elementary School: Dune Lakes
Location Tax and Legal:Middle School: Seaside
Location Tax and Legal:High School: South Walton
Location Tax and Legal:Legal Description: LOT 3 BLK 32 ROSEMARY BEACH PH 6 S/D PB 13-30 OR 2981-1904 OR 2868-2316 OR 2981-1904 OR 3169-2712
Project Facilities: Beach, Deed Access, Exercise Room, Fishing, Pets Allowed2, Pool2, Short Term Rental - Allowed, Tennis, TV Cable3, Waterfront
Garage: true

Taxes and HOA

Association Fee Includes: Accounting, Management, Master Association, Recreational Faclty, Security, Cable TV, Trash
Tax Legal Description: LOT 3 BLK 32 ROSEMARY BEACH PH 6 S/D PB 13-30 OR 2981-1904 OR 2868-2316 OR 2981-1904 OR 3169-2712

Parcel Number: 35-3S-18-16064-032-0030
Association Fee: $0
Association YN: Yes
Listing Info Tax Legal:Last Taxes: $23,630
Listing Info Tax Legal:Last Tax Year: 2025.0

School Information

Elementary School: Dune Lakes
Middle Or Junior School: Seaside

High School: South Walton

Parking

Carport YN: Yes
Attached Garage YN: Yes

Parking Features: Covered
Carport Spaces: 1.0
Garage Spaces: 1.0
General Property Info:Carport Spaces: 1.0
General Property Info:Driveway Spaces: 2.0
Parking Features: Covered, Garage Attached

Property

Lot Information

Building Area Source: County PA Records
Lot Size Dimensions: 30X75

Lot Size Acres: 0.06
Lot Size Area: 0.06
Lot Size Units: Acres
Property Condition: Construction Complete
Other Structures: Guest Quarters
Lot Features: Interior, Within 1/2 Mile to Water
Building Area Total: 2629.0
Lot Size Square Feet: 2613.6
General Property Info:SqFt Source: County PA Records
LotParcel Access: Paved Road, Private Road
Lot Features: Interior, Within 12 Mile to Water

Property and Assessments

Road Surface Type: Paved
Tax Year: 2025.0

Floor Plans Count: 5.0
Property Type: Residential
Year Built: 2012.0
Property Sub Type: Detached Single Family
Property Type Label: Residential
New Construction YN: No
General Property Info:Sub-Type: Detached Single Family
General Property Info:Design: Beach House
Construction Status: Construction Complete
Construction Siding: Block, Concrete
Occupancy Status: Vacation Rental

Utilities

Sewer: Public Sewer
Utilities: Electric, Gas - Natural, Public Water, Tap Fee Paid, TV Cable, Underground

Electric: True
Utilities: Electric, Gas - Natural, Public Sewer, Public Water, Tap Fee Paid, TV Cable, Underground
Energy: AC - 2 or More, AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, Water Heater - Gas

Interior and Exterior Features

Exterior Features

Exterior Features: Rain Gutter, Balcony, BBQ Pit/Grill, Fenced Back Yard, Pool - Gunite Concrt
Construction Materials: Concrete, Block

Stories: 3.0
Pool Features: Pool - Heated, Pool Type
Patio And Porch Features: Patio Open, Porch Open
Fencing: Fenced Privacy
General Property Info:Pool: Yes
General Property Info:Pool Type: Private
Exterior: Balcony, BBQ PitGrill, Fenced Back Yard, Fenced Privacy, Guest Quarters, Patio Open, Pool - Gunite Concrt, Pool - Heated, Porch Open, Rain Gutter

Interior Features

Heating: Central
Cooling: Ceiling Fans, Central Air

Interior Features: Breakfast Bar, Built-In Bookcases, Ceiling Beamed, Ceiling Raised, Fireplace, Fireplace 2+, Guest Quarters, Kitchen Island, Lighting Recessed, Lighting Track, Owner's Closet, Shelving, Split Bedroom, Washer/Dryer Hookup, Wet Bar, Woodwork Painted
Fireplace Features: Fireplace Gas
Flooring: Floor Tile, Floor WW Carpet
Window Features: Window Treatment All
Room Type: Living Room, Kitchen, Master Bedroom, Master Bathroom, Bedroom, Separate Apartment
Rooms Total: 7.0
Bathrooms Total Integer: 5.0
Bathrooms Total Decimal: 4.5
Bathrooms Total Notational: 4.1
Cooling YN: Yes
Heating YN: Yes
Fireplace YN: Yes
Kitchen Appliances: Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Gas, Washer, Wine Refrigerator, Water Heater - Gas
Interior: Breakfast Bar, Built-In Bookcases, Ceiling Beamed, Ceiling Raised, Fireplace, Fireplace 2, Fireplace Gas, Floor Tile, Floor WW Carpet, Furnished - All, Guest Quarters2, Kitchen Island, Lighting Recessed, Lighting Track, Owner's Closet, Shelving, Split Bedroom, WasherDryer Hookup, Wet Bar, Window Treatment All, Woodwork Painted
Appliances: Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator WIceMk, Smoke Detector, StoveOven Gas, Washer, Wine Refrigerator
Furnished: Furnished - All

Room Information

Room 1

Room Type: Living Room
Room Level: First

Room Length: 16.0
Room Width: 22.0
Room Dimensions: 16 x 22

Room 2

Room Type: Kitchen
Room Level: First

Room Length: 14.0
Room Width: 15.0
Room Dimensions: 14 x 15

Room 3

Room Type: Master Bedroom
Room Level: Second

Room Length: 15.0
Room Width: 16.0
Room Dimensions: 15 x 16

Room 4

Room Type: Master Bathroom
Room Level: Second

Room Length: 8.0
Room Width: 16.0
Room Dimensions: 8 x 16

Room 5

Room Type: Bedroom
Room Level: Second

Room Length: 13.0
Room Width: 14.0
Room Dimensions: 13 x 14

Room 6

Room Type: Bedroom
Room Level: Third

Room Length: 13.0
Room Width: 13.0
Room Dimensions: 13 x 13

Room 7

Room Type: Separate Apartment
Room Level: Second

Room Length: 22.0
Room Dimensions: 22 x 22

Rental

Rent Information

Listing Info Tax Legal:Is Subject Leased: false

Property History for 198 East Water Street

Date	Event & Source	Price	Appreciation
Jul 23, 2026	Listed (Active) ECAR #1008286	$3,749,500	—
Aug 1, 2025	Expired CPAR #764085	$3,750,000	—
Aug 1, 2025	Expired ECAR #960675	$3,750,000	—
Oct 21, 2024	Listed (Active) CPAR #764085	$3,950,000	—
Oct 8, 2024	Listed (Active) ECAR #960675	$3,950,000	—
Apr 15, 2022	Sold (Public Record) Public Record #1488214151	$3,590,000	+40.0% / yr
Apr 15, 2022	Sold ECAR #891252	$3,590,000	—
Mar 4, 2022	Pending ECAR #891252		—
Feb 16, 2022	Listed (Active) ECAR #891252	$3,700,000	—
Nov 12, 2020	Sold (Public Record) Public Record #683739520	$2,224,950	—
Nov 12, 2020	Sold ECAR #851116	$2,224,950	—
Sep 16, 2020	Pending ECAR #851116		—
Jul 17, 2020	Listed (Active) ECAR #851116	$2,350,000	—
Jul 13, 2020	Expired ECAR #847089	$2,495,000	—
May 24, 2020	Listed (Active) ECAR #847089	$2,495,000	—
Mar 25, 2020	Withdrawn ECAR #828125	$2,495,000	—
Mar 6, 2020	Listed (Active) ECAR #828125	$2,550,000	—

Date	Event & Source	Price
07/23/2026	Listed (Active) ECAR #1008286	$3,749,500
08/01/2025	Expired CPAR #764085	$3,750,000
08/01/2025	Expired ECAR #960675	$3,750,000
10/21/2024	Listed (Active) CPAR #764085	$3,950,000
10/08/2024	Listed (Active) ECAR #960675	$3,950,000
04/15/2022	Sold (Public Record) Public Record #1488214151	$3,590,000 +40.0% / yr
04/15/2022	Sold ECAR #891252	$3,590,000
03/04/2022	Pending ECAR #891252	—
02/16/2022	Listed (Active) ECAR #891252	$3,700,000
11/12/2020	Sold (Public Record) Public Record #683739520	$2,224,950
11/12/2020	Sold ECAR #851116	$2,224,950
09/16/2020	Pending ECAR #851116	—
07/17/2020	Listed (Active) ECAR #851116	$2,350,000
07/13/2020	Expired ECAR #847089	$2,495,000
05/24/2020	Listed (Active) ECAR #847089	$2,495,000
03/25/2020	Withdrawn ECAR #828125	$2,495,000
03/06/2020	Listed (Active) ECAR #828125	$2,550,000

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

Public Records for 198 East Water Street

Taxable ValueLand$850,000Additions$1,765,230Total$2,615,230

Tax Record2025$23,630 ($1,969 / month)

Home Facts

Beds4Baths4.5Total Finished SqFt2,629 SqFtAbove Grade Finished SqFt2,629 SqFtStories3Lot Size2,483 SqFtStyleSingle Family ResidenceYear Built2012Year Renovated2012ZoningTNDCountyWALTONAPN35-3S-18-16064-032-0030

Schools near 198 East Water Street

This home is within Walton County School District.


Rating	School	Type	Grades	Distance
10/10	Dune Lakes Elementary School	Public - Serves this home	K to 5	5.9 mi
8/10	Emerald Coast Middle School	Public - Serves this home	6 to 8	8.1 mi
8/10	South Walton High School	Public - Serves this home	9 to 12	12.1 mi
9/10	Seaside Neighborhood School	Charter - Choice school	5 to 12	8.0 mi
1/10	Walton Academy, Inc.	Charter - Choice school	5 to 12	30.9 mi
NR	Walton Virtual School Full Time	Public - Nearby school	K to 12	30.9 mi
NR	South Walton Montessori Academy	Private - Nearby school	PK to 8	0.3 mi
NR	Ohana Institute	Private - Nearby school	2 to 12	0.5 mi


Rating	School	Distance
10/10	Dune Lakes Elementary School PublicK to 5 Serves this home	5.9 mi
8/10	Emerald Coast Middle School Public6 to 8 Serves this home	8.1 mi
8/10	South Walton High School Public9 to 12 Serves this home	12.1 mi
9/10	Seaside Neighborhood School Charter5 to 12 Choice school	8.0 mi
1/10	Walton Academy, Inc. Charter5 to 12 Choice school	30.9 mi
NR	Walton Virtual School Full Time PublicK to 12 Nearby school	30.9 mi
NR	South Walton Montessori Academy PrivatePK to 8 Nearby school	0.3 mi
NR	Ohana Institute Private2 to 12 Nearby school	0.5 mi

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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More information about 198 East Water Street, Inlet Beach, FL 32461

198 East Water Street is a single family home for sale in Inlet Beach, FL 32461. This property was listed for sale on July 23, 2026 by Rosemary Beach Realty LLC, it's currently listed at $3,749,500. It has been on the market for a total of 72 days and was last sold on April 15, 2022. This listing's school district is Walton County School District. Nearby schools include Dune Lakes Elementary School, Emerald Coast Middle School and South Walton High School. 198 East Water Street is a 4-bed, 5-bath, 2,629 sqft single family home built in 2012.

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. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Rosemary Beach Realty LLC

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.

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