Florida Cottage

265 Western Lake Drive

Santa Rosa Beach , FL 32459

MLS#: 995896

$4,125,000

Status: Pending

Listing number: 995896

Listing provided by: Scenic Sotheby's International Realty

Listing agent phone: None

Last update: N/A

On site: 16 days ago

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Property

Beds

Full Baths

1/2 Baths

Year Built

2006

Sq.Footage

2,821

Imagine owning a WaterColor estate that practically manages itself. This five-bedroom, five-and-a-half-bath corner residence delivers exceptional coastal living with strong rental performance. With $351,366 in 2025 gross revenue and projections of $361,250 in 2026, the property effortlessly balances lifestyle and income potential, making it perfect for savvy investors or families seeking a turn-key beach retreat. Set just steps from the beach club, town center, and Gulf waters, the home offers over 1,200 square feet of wraparound porches, private pool, cabana, and serene lake views, ideal for morning coffee or sunset gatherings. Inside, light-filled living spaces showcase pine hardwood floors, high ceilings, and refined Southern craftsmanship, blending elegance with casual comfort. The chef's kitchen, guest suites, and primary suite with spa-like bath provide both functionality and indulgence, while a detached carriage house adds extra flexibility for guests or rental use. Fully furnished and ready to go, the residence ensures owners can enjoy the WaterColor lifestyle immediately while capitalizing on the property's proven rental demand. With exclusive access to resort-style amenities, including pools, tennis, a fitness center, and Camp WaterColor, this home anchors the ultimate coastal experience while providing tangible financial value.

Features & Amenities

Interior

Other Interior Features

Breakfast Bar, Kitchen Island, Pantry
Total Bedrooms

5
Bathrooms

5
1/2 Bathrooms

1
Cooling YN

YES
Cooling

Central Air
Pet friendly

N/A

Exterior

Garage

Yes
Garage spaces

1
Other Exterior Features

Balcony
Parking

Attached
Patio and Porch Features

Porch
Pool

Yes
Pool Features

Outdoor Pool, In Ground, Private

Area & Lot

Lot Features

Corner Lot
Lot Size(acres)

0.17
Property Type

Residential
Property Sub Type

Single Family Residence
Architectural Style

Florida Cottage

Price

Sales Price

$4,125,000
Zoning

Deed Restrictions, Resid Single Family
Sq. Footage

2, 821
Price/SqFt

$1,462

HOA

Association

Yes
Association Fee

$1,560
Association Fee Frequency

Quarterly
Association Fee Includes

N/A

School District

Elementary School

Dune Lakes
Middle School

Emerald Coast
High School

South Walton

Property Features

Stories

2
Sewer

Public Sewer
Water Source

Public

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Location

County

Walton

Elementary School

Dune Lakes

Middle School

Emerald Coast

High School

South Walton

Listing Courtesy of Dahler & Co. , Scenic Sotheby's International Realty

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Imagine owning a WaterColor estate that practically manages itself. This five-bedroom, five-and-a-half-bath corner residence delivers exceptional coastal living with strong rental performance. With $351,366 in 2025 gross revenue and projections of $361,250 in 2026, the property effortlessly balances lifestyle and income potential, making it perfect for savvy investors or families seeking a turn-key beach retreat. Set just steps from the beach club, town center, and Gulf waters, the home offers over 1,200 square feet of wraparound porches, private pool, cabana, and serene lake views, ideal for morning coffee or sunset gatherings. Inside, light-filled living spaces showcase pine hardwood floors, high ceilings, and refined Southern craftsmanship, blending elegance with casual comfort.

The chef's kitchen, guest suites, and primary suite with spa-like bath provide both functionality and indulgence, while a detached carriage house adds extra flexibility for guests or rental use. Fully furnished and ready to go, the residence ensures owners can enjoy the WaterColor lifestyle immediately while capitalizing on the property's proven rental demand.

With exclusive access to resort-style amenities, including pools, tennis, a fitness center, and Camp WaterColor, this home anchors the ultimate coastal experience while providing tangible financial value.

265 Western Lake Drive

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Florida Cottage

Features & Amenities

Interior

Exterior

Area & Lot

Price

HOA

School District

Property Features

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Listing Courtesy of Dahler & Co. , Scenic Sotheby's International Realty

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