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$3,495,000

Beds
4
Baths
5.5
sq ft
3,381

408 Western Lake Dr, Santa Rosa Beach, FL 32459

408 Western Lake Dr

Santa Rosa Beach, FL 32459

  • 315 days on market
    • Price drop $165,000↓
Just steps from the shores of Western Lake, this exquisitely updated home stands as a testament to architectural ingenuity, originally designed by the renowned Tom Christ. Nestled in Park District of WaterColor, its exterior and interior have been meticulously repainted, showcasing a fresh, new look. With soaring ceilings, the home radiates a like-new ambiance, featuring refinished wood flooring, brand-new appliances, and elegantly selected furnishings. Boasting a proven rental history, this magnificent property is not only a luxurious coastal retreat but also a lucrative investment opportunity, making it highly appealing for discerning buyers. The thoughtful design includes a practical mudroom and laundry area on the first floor, ideal for managing sandy excursions and beach towels. Each of the two spacious bedrooms on the first level, one of which is a bunk room, offers a haven of comfort, complete with private ensuite bathrooms and walk-in closets. Ascending to the second level, the residence unfolds into a stunning open-concept space, combining the kitchen, dining, and sitting areas under a magnificent wood-lined ceiling. Abundant natural light floods in through large windows and doors, illuminating each artfully arranged space. The kitchen, recently updated, strikes a balance between modern and coastal aesthetics, featuring white cabinetry, sleek quartz countertops, and high-end appliances. The master suite is an embodiment of tranquility, boasting a lofty beamed ceiling, a cozy sitting room, and a private porch with verdant views. One of the suites includes a secluded sleeping porch, perfect for savoring the refreshing coastal air. The third-floor tower offers a spectacular vantage point for admiring sunsets over WaterColor. Behind the home, a paved parking area leads to a two-car garage, which houses a nearly new golf cart. Above the garage lies a charming carriage house, complete with a kitchenette and full bath. The screened porch invites relaxation with cushioned swing seats, while the side patio offers a perfect spot for stargazing around the fire pit. This extraordinary home is a rare find for those seeking a luxurious coastal lifestyle in Florida, conveniently located near various restaurants and Club WaterColor amenities.

Details

Property type

Single Family Residence

Est. home value

$3,146,485

Lot size

5,227 sq ft

Price per sq ft

$1,034

Year built

2003

Monthly HOA fee

$596.67

Price History

07/29/2024
EmeraldCoast

EmeraldCoast #939950

Price change
$3,495,000
-4.51%
05/22/2024
EmeraldCoast

EmeraldCoast #939950

Price change
$3,660,000
-3.56%
02/29/2024
EmeraldCoast

EmeraldCoast #939950

Price change
$3,795,000
-5.01%

Schools & Community

Elementary school: 

Dune Lakes

Middle school: 

Emerald Coast

High school: 

South Walton

Community features: 

Pool, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Horizon Bank

Loan start date

December 2022

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

5.25%

Loan type

New Conventional, 30 year

Seller

Kevin M Lacy and Jennifer Lacy

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/23/2024 at 12:45 AM

Listing updated: 11/15/2024 at 9:34 AM

Listed by: Dahler & Co., Scenic Sotheby's International Realty Phone #: (850) 231-6052

MLS: EmeraldCoast #939950

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