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    Property profile & analytics

    28 Watercolor Way Santa Rosa Beach, FL 32459-7352

    • Investment properties
    • 8,215 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US18-6069634
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Perfect Pig / Restaurant
    • Kelly Connell 30A Realtor / Real Estate Agent
    • The Duran Group at Berkshire Hathaway HomeServices Beach Properties of Florida / Real Estate Agency
    • Bo Wills @ Berkshire Hathaway Beach Properties / Real Estate Agent
    • Susan Adamson | Berkshire Hathaway HomeServices Beach Properties of Florida / Real Estate Agent

    Property Details for 28 Watercolor Way

    Year built
    2019
    Lot size
    1.00 lot acres
    Property size
    8,215 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    14-3S-19-25401-000-0030
    APU
    143S19254010000030

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.1256
    Latitude
    30.3274
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,173
    $577,212
    $1,422,788
    $2,000,000
    -
    $577,212
    $1,422,788
    $2,000,000

    Comparable in this City

    • Value Estimation by Request
      6,489 SF

      123 Quincy Cir

      STORE/OFFICE (MIXED USE) • 6,489 SF
      123 Quincy Cir, Santa Rosa Beach, FL 32459-0809
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    • Value Estimation by Request
      1,866 SF

      210 Ruskin Pl

      STORE/OFFICE (MIXED USE) • 1,866 SF
      210 Ruskin Pl, Santa Rosa Beach, FL 32459-0821
      View Details
    • Value Estimation by Request
      1,892 SF

      302 Ruskin Pl

      STORE/OFFICE (MIXED USE) • 1,892 SF
      302 Ruskin Pl, Santa Rosa Beach, FL 32459-0822
      View Details
    • Value Estimation
      $585,000
      6,075 SF

      76 Arbor Ln

      STORE/OFFICE (MIXED USE) • 6,075 SF
      76 Arbor Ln, Santa Rosa Beach, FL 32459-5793
      View Details
    • Value Estimation by Request
      4,572 SF

      5297 County Hwy 30a

      STORE/OFFICE (MIXED USE) • 4,572 SF
      5297 County Hwy 30a, Santa Rosa Beach, FL 32459-6743
      View Details
    • Value Estimation by Request
      4,805 SF

      75 Leisure Ln

      STORE/OFFICE (MIXED USE) • 4,805 SF
      75 Leisure Ln, Santa Rosa Beach, FL 32459
      View Details

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      Mixed-use development opportunity in Seagrove, currently a self-storage facility.
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    Similar Nearby for Lease

    • $30 SF/Yr
      1,350 SF

      Office Space in Shopping Center

      Office space with 9 offices in central 30A location.
      49 Watercolor Way, Santa Rosa Beach, FL 32459
      View Details
    • $8,000 /Mo
      Pending

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      Commercial space for lease in Grayton Beach, Florida.
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    • $35 SF/Yr

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      Retail suites available in Santa Rosa Beach shopping center.
      4552 Suites 4-6, Santa Rosa Beach, FL 32459
      View Details
    • $35 SF/Yr
      11,200 SF

      Highway 98 Shopping Center Suites

      Suites available in neighborhood shopping center near 30A beaches.
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      Prime Santa Rosa Beach Office Suites

      Class A Office Space Available Now
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    • $35 SF/Yr

      Retail Space on US Highway

      Retail suites available in Santa Rosa Beach shopping center.
      4552 U.S Hwy 98, Santa Rosa Beach, FL 32459
      View Details

    Property Visit Statistics

    • Visits by month
      2.9k
    • Visitors by month
      2.3k
    • Avg Time on site
      33 min
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    28 Watercolor Way
    Santa Rosa Beach, FL 32459-7352
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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