#964722, Randy Carroll, The Carroll Jones Beckman Group, Listing office: Scenic Sothebys International Realty
$3,950,000 List price
138 Red Cedar Way Santa Rosa Beach, FL 32459
5 beds
6 full
4,090 sqft
$966 / sqft
House
Property details
About 138 Red Cedar Way
Priced at almost 20% below the average square foot price of all listed homes in WaterColor, this home is waiting for buyers that fit many profiles. Never rented and owned by only two families it has been beautifully maintained and recently updated with interior painting, furnishings and an updated kitchen with top of the line appliances. With four king bedrooms and a six bed bunk room - all with ensuite baths, this home will sleep 14 with two additional flex rooms and a full bath. The home has primary suites on the first and second floors. It is situated steps from Camp Watercolor yet located overlooking peaceful views of natural landscape and sunset views from very generously sized porches. Sold fully furnished this home is move-in ready. Drawings for pool available. Two additional bonus rooms with access to a full bath allow more options. Located steps from Camp WaterColor, sunset views from huge porches and plans for a pool, this home has it all
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size4,090 sqft
Year built2005
MLS #979766
FireplaceFireplace
Summary
- Full Bathrooms: 6
- Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Refrigerator, Security System, Gas Oven, Washer, Wine Cooler, Gas Water Heater
- Interior: Breakfast Bar, Beamed Ceilings, Vaulted Ceilings, Pantry, Split Bedroom, Washer/Dryer Hookups, Woodwork Painted
- Fireplace: Fireplace
- Total Bedroom Count: 5
- Private Pool: No
- Exterior: Balcony
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air
- List Price: $3,950,000
- Price/SqFt: $965
- HOA Amount: $1510 Quarterly
- Annual Tax Amount: $22,355
- Tax Year: 2023
- Lot: Covenant/Restriction, Survey Available
- Directions: From S. County Hwy 395, turn west onto W. Lake Forest Drive. Turn right at stop sign to remain on W. Lake Forest Drive. Turn left onto Acorn Way then right onto Red Cedar Way. Home is on the right side.
- Year Built: 2005
- Stories: 2
- Living Area: 4,090 SqFt
- MLS Number: 979766
- MLS Name: Emerald Coast Association of REALTORS®
- Office Name: Scenic Sothebys International Realty
- Office Email: will@scenicsir.com
- Listing Agent: Bernadette Flannery
Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/23/2025, 8:40:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 29, 2011 | Home Sold | $1,475,000 |
| Feb 19, 2008 | Home Sold | $900,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $2,978,673 | $22,355 |
| 2022 | $2,683,190 | $20,661 |
| 2021 | $1,800,546 | $20,661 |
| 2020 | $1,505,770 | $16,722 |
| 2019 | $1,480,817 | $14,706 |
| 2017 | $1,366,233 | $13,541 |
History based on county public records data.
Nearby schools
8
Dune Lakes Elementary School
Public District KG-5
3.0 mi
•6565 US Highway 98 E
7
Van R. Butler Elementary School
Public District KG-5
8.0 mi
•6694 W County Highway 30A
8
Freeport Elementary School
Public District PK-5
12.6 mi
•15381 US Highwayy 331 S
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $91,875. Residents of Santa Rosa Beach, FL typically earn between $35k-100k each year. The majority of families are married, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
16%
<35k
39%
35k-100k
22%
100k-200k
23%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
41%
Single, No Kids
3%
Single, with Kids
43%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
7%
<11 yrs old
6%
12-17 yrs old
11%
18-34 yrs old
55%
35-64 yrs old
21%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Dollar General
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Hardee's
What do the neighbors drive?
Cadillac
Subaru
Oldsmobile
What do the neighbors listen to?
News/Talk/Information
New Country
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 138 Red Cedar Way
The listing price of 138 Red Cedar Way property is $3,950,000.
The property 138 Red Cedar Way is a house located in Santa Rosa Beach, Florida, 32459.
Active Listing: 138 Red Cedar Way is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 138 Red Cedar Way are: Dune Lakes Elementary School (GreatSchools Rating 8/10), Van R. Butler Elementary School (GreatSchools Rating 7/10), Freeport Elementary School (GreatSchools Rating 8/10), Emerald Coast Middle School (GreatSchools Rating 6/10), Freeport Middle School (GreatSchools Rating 7/10), Destin Middle School (GreatSchools Rating 8/10), Seaside Neighborhood School (GreatSchools Rating 10/10), South Walton High School (GreatSchools Rating 8/10), Freeport High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2023 is $22,355 (source: MLS/based on county public records data).
The last sale was on June 29, 2011 for $1,475,000 (source: MLS/tax record).
The property at 138 Red Cedar Way has 5 bedrooms and 6 bathrooms.
The property 138 Red Cedar Way is 4,090 SqFt (source: MLS/tax record).
The year of construction for 138 Red Cedar Way is 2005.
This home is located at 138 Red Cedar Way in Santa Rosa Beach, FL and zip code 32459. This 4,090 square foot home was built in 2005. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 27, 2025 and is currently priced at $3,950,000.
Over 2 listings were sold over their listed price in June 2025 in Santa Rosa Beach, FL. In the same period over 55 listings were sold below the listed price and 10 listings were sold for the listed price. The inventory of homes for sale in Santa Rosa Beach, FL between May and June 2025 increased by 6.5%. In June 2025 median list price was $995,000 and the average listing age was 101 days.
From Rocket Homes Real Estate and based on county public records data.