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Walton 32459
5 Red Basil Drive
$2,400,000
● House - Off Market

5 Red Basil Drive

Santa Rosa Beach, FL 32459
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,749 Ft²
$13,676
Est. Monthly

About This Property

Welcome to 'Stay Salty', a beautifully updated five-bedroom, four-and-a-half-bath home located on a highly sought-after corner lot in the WaterColor community. Professionally designed by Three Dog Design and sold fully furnished with a four-person golf cart, this property comfortably sleeps 12 and has been extensively upgraded throughout. A true turnkey opportunity for luxury living or high-performing short-term rental ownership.

The open, light-filled floor plan features high ceilings and coastal-inspired interiors. The spacious living and dining areas flow into a custom kitchen with quartz countertops, stainless steel appliances, and a large island with seating. The main-level primary suite offers a spa-style bath, while upstairs includes additional king and queen suites, a double-queen room, a twin bunk nook, and a secondary living area with a private balcony.

Outdoor spaces include a screened patio with grill, covered front porch, upper balcony, and expansive side deck surrounded by mature landscaping. The home includes a garage suitable for the golf cart or a small vehicle, plus driveway parking for two vehicles.

Rental performance is exceptional, producing $130,508.05 in 2024, $158,259.47 for 2025, and $210,143 for 2026 (all gross revenue numbers) with new reservations coming in daily and lots of owner use! Over 65 five-star reviews across all OTA's and a 12% repeat guest rate year-to-date highlight its proven appeal.

Owners and guests enjoy full access to WaterColor's top-tier amenities including resort-style pools, tennis and pickleball courts, trails, parks, and the private WaterColor Beach Club. Just minutes from Seaside, 30A dining, and the Gulf, this corner-lot home combines design, comfort, and strong investment potential in one of 30A's most desirable neighborhoods.
Unit Size
2,749 Ft²
Days on Market
53 days
Land Size
0.10 acres
Price per sqft
$909
Property Type
House
Property Taxes
$1,401
HOA Dues
-
Year Built
2013

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Last updated: 11 days ago (ECAR #1008482)

Price History

Date / Event Date Event Price
Sep 16, 2026 Sold
Sold
Aug 22, 2026 In contract -
In contract
Jul 25, 2026 Listed by Rising Star Real Estate Inc $2,500,000
Listed by Rising Star Real Estate Inc
Nov 1, 2025 Listed $2,550,000
Listed
Welcome to 'Stay Salty', a beautifully updated five-bedroom, four-and-a-half-bath home located on a highly sought-after corner lot in the WaterColor community. Professionally designed by Three Dog Design and sold fully furnished with a four-person golf cart, this property comfortably sleeps 12 and has been extensively upgraded throughout. A true turnkey opportunity for luxury living or high-performing short-term rental ownership. The open, light-filled floor plan features high ceilings and coastal-inspired interiors. The spacious living and dining areas flow into a custom kitchen with quartz countertops, stainless steel appliances, and a large island with seating. The main-level primary King suite offers a spa-style bath, while upstairs includes additional king and queen suites, a double-queen room, a twin bunk nook with a closet, and a secondary living area. Outdoor spaces include a screened patio, covered front porch with grill, upper balcony (off the upstairs king suite), and expansive side deck surrounded by mature landscaping. The home includes a garage suitable for the golf cart or a small vehicle, plus driveway parking for two vehicles. Rental performance is exceptional, producing $130,508.05 in 2024 gross income and $153,251.76 already booked for 2025, with new reservations coming in daily and lots of owner use! Over 49 five-star reviews and a 12% repeat guest rate year-to-date highlight its proven appeal. Owners and guests enjoy full access to WaterColor's top-tier amenities including resort-style pools, tennis and pickleball courts, trails, parks, and the private WaterColor Beach Club. Just minutes from Seaside, 30A dining, and the Gulf, this corner-lot home combines design, comfort, and strong investment potential in one of 30A's most desirable neighborhoods.
Aug 7, 2023 Sold
Sold
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 156
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,170
  • Total Building Area: 3,085
  • Gross Building Area: 3,085
  • Building Area: 2,929
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,929
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WATERCOLOR
  • Land Acres: 0000000096
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 94 SUMMERSWEET PLACE AT WATERCOLOR PB 16-95 OR 2710-4066 OR 2719-3882 OR 2901-442 OR 2918-2968 OR 3156-2087

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950610

Geography

  • Assessors Map Reference: S3-14-19
  • Parcel: 14-3S-19-25404-000-0940
  • Block: 9
  • Lot: 94
  • Meridian: SEC 14 TWN 03S RNG 019
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3245
  • Longitude: -86.1243

    Address

  • Full Address: 5 Red Basil Dr
  • Address - House Number: 5
  • Address - Street Name: Red Basil
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Santa Rosa Beach
  • Carrier Code: H023
  • 4-Digit Zip Code: 7992
  • Zip Code: 32459

Valuation

    Tax

  • Total Area: 2,992
  • Tax Year: 2022
  • Tax Amount: $1,213,369
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 2,400,537
  • High Value: 3,019,451
  • Low Value: 1,781,622

    Market Valuation

  • Market Total Value: $1,555,815
  • Market Land Value: $189,831
  • Market Improvement Value: $1,365,984

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,555,815
  • Assessed Land Value: $189,831
  • Assessed Improvements Value: $1,365,984

    Sales

  • Current Sale Contract Date: Aug 03, 2023
  • Current Sale Recording Date: Aug 07, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 28091
  • Previous Sale Recording Date: Aug 24, 2020
  • Previous Sale Contract Date: Aug 21, 2020
  • Previous Sale Amount: $1,250,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Walton


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Frequently Asked Questions

When was property at 5 Red Basil Drive built and last sold?
The property at 5 Red Basil Drive was built in 2013 and last sold on Aug 3, 2023 for $2,225,000.
How much is this home worth?
The estimated value of the home located at 5 Red Basil Drive is $2,463,741.
What are some comparable homes to 5 Red Basil Drive?
There are currently no comparable homes to 5 Red Basil Drive.