Discover a truly unique residence in the heart of Watercolor, where captivating POND views and a lush preserve envelop the home, creating an exclusive sanctuary like no other.
This beautifully appointed property features 4 bedrooms, 4.5 bathrooms, a charming bunk room, and a large carport with room for three additional vehicles, embodying both style and practicality.
With its distinctive custom design, the home offers a ONE OF A KIND lifestyle experience. With exceptional flow, making it perfect for both intimate family gatherings and entertaining guests.
Backyard views from every window of a large pond with dock
The driveway provides generous space for cars and golf carts,for everyday living.
Dragonfly pool,The Lazy river and Beachclub are all nearby! The home has been updated with Quartz countertops throughout! The first floor features a primary bedroom with an en-suite bathroom, storage space under the stairs, a walk-in pantry adjacent to the kitchen, and enclosed outdoor storage, as well as a powder bath. Custom designed laundry room has been updated to include a bar area with built-in cabinetry, an ice maker, and a Kitchen Aid beverage fridge. The kitchen has been updated with designer tile and quartz countertops.
The second story features a Master Retreat with a separate living area, bath, walk-in closet, and balcony offering a view of the pond. There are two other bedrooms with baths and a screened-in porch. There is a media room/den and a bunkroom on this floor.
The home was built in 2012 and features hardwood floors, remodeled baths, and has undergone numerous upgrades throughout. This beautiful home needs to be seen in person to be fully appreciated. A very serene setting that you won't see elsewhere in Watercolor.
Pending
Price cut: $150K (1/26)
$2,645,000
318 E Royal Fern Way, Santa Rosa Beach, FL 32459
4beds
2,901sqft
Est.:
Single Family Residence
Built in 2012
6,534 Square Feet Lot
$-- Zestimate®
$912/sqft
$-- HOA
What's special
Powder bathRemodeled bathsScreened-in porchQuartz countertops throughoutDistinctive custom designExceptional flowCaptivating pond views
- 149 days |
- 112 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: February 23, 2026 at 07:01pm
Listed by:
Judy C Jones 850-428-1072,
Watersound Real Estate
Source: ECAOR,MLS#: 989221
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Primary bedroom
- Description: VIEWS OF POND
- Level: Second
- Area: 80 Square Feet
- Dimensions: 16 x 5
Bedroom
- Description: SPACIOUS AND WELL APPOINTED
- Level: First
- Area: 262 Square Feet
- Dimensions: 20 x 13.1
Bedroom
- Description: SPACIOUS
- Level: Second
- Area: 157.32 Square Feet
- Dimensions: 13.8 x 11.4
Other
- Description: PART OF THE MEDIA ROOM
- Level: Second
- Area: 94.8 Square Feet
- Dimensions: 12 x 7.9
Dining room
- Description: SHIPLAP
- Level: First
- Area: 142.5 Square Feet
- Dimensions: 12.5 x 11.4
Family room
- Description: BEAUTIFUL VIEWS FROM EVERY WINDOW
- Level: First
- Area: 209 Square Feet
- Dimensions: 19 x 11
Laundry
- Description: UPDATED
- Level: First
- Area: 93.6 Square Feet
- Dimensions: 10.4 x 9
Heating
- Natural Gas
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Dryer, Freezer, Microwave, Refrigerator, Washer, Gas Water Heater, Tankless Water Heater
Features
- Breakfast Bar, Crown Molding, Kitchen Island, Recessed Lighting, Newly Painted, Upgraded Media Wing
- Flooring: Hardwood
- Windows: Storm Window(s), Window Treatments, Hurricane Shutters
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,901
- Total interior livable area: 2,901 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached Carport, Golf Cart Garage, Carport, Covered
- Carport spaces: 2
Features
- Stories: 2
- Patio & porch: Deck, Screened
- Exterior features: Outdoor Grill, Balcony, Dock, Outdoor Shower, Outdoor Kitchen, Rain Gutters
- Has view: Yes
- View description: Pond
- Has water view: Yes
- Water view: Pond
- Waterfront features: Pond
Lot
- Size: 6,534 Square Feet
- Dimensions: 75 x 29 x 105 x 61 x 62
- Features: Aerials/Topo Availbl, Survey Available, Within 1/2 Mile to Water, Wooded
Details
- Parcel number: 143S19254030000560
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Florida Cottage
- Property subtype: Single Family Residence
Materials
- Trim Wood, Siding CmntFbrHrdBrd
- Roof: Metal,Roof Pitched
Condition
- Construction Complete,Renovated
- New construction: No
- Year built: 2012
Utilities & green energy
Green energy
- Energy efficient items: Doors
Community & HOA
Community
- Features: BBQ Pit/Grill, Beach, Boat Launch, Dock, Elevators, Fitness Center, Fishing, Handicap Provisions, Marina, Picnic Area, Playground, Pool, TV Cable, Tennis Court(s), Waterfront, Pickleball, Short Term Rental - Allowed
- Security: Fire Alarm, Security System, Smoke Detector(s)
- Subdivision: WATERCOLOR
HOA
- Services included: Maintenance Grounds, Land Recreation, Management, Recreational Faclty, Security, Cable TV, Trash, Internet
Location
- Region: Santa Rosa Beach
Financial & listing details
- Price per square foot: $912/sqft
- Tax assessed value: $2,222,201
- Annual tax amount: $10,676
- Date on market: 11/7/2025
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$5,307/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/16/2026 | Pending sale | $2,645,000$912/sqft |
Source:  ECAOR #989221 Report a problem | ||
| 1/26/2026 | Price change | $2,645,000-5.4%$912/sqft |
Source: ECAOR #989221 Report a problem | ||
| 11/7/2025 | Listed for sale | $2,795,000+174%$963/sqft |
Source: ECAOR #989221 Report a problem | ||
| 6/26/2014 | Sold | $1,020,000+36%$352/sqft |
Source: ECAOR #705669 Report a problem | ||
| 10/19/2012 | Sold | $750,000+803.6%$259/sqft |
Source: ECAOR #568622 Report a problem | ||
| 11/3/2010 | Sold | $83,000-84.4%$29/sqft |
Source: Public Record Report a problem | ||
| 7/13/2005 | Sold | $531,500$183/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,919 +3.6% | $1,233,605 +3% |
| 2023 | $10,535 +1.1% | $1,197,675 +3% |
| 2022 | $10,422 -1.3% | $1,162,791 +3% |
| 2021 | $10,563 -1.7% | $1,128,923 +1.4% |
| 2020 | $10,742 +2.9% | $1,113,336 +2.3% |
| 2019 | $10,437 | $1,088,305 +1.9% |
| 2018 | $10,437 +1.6% | $1,068,013 +16.7% |
| 2017 | $10,277 +13.3% | $915,052 +4.1% |
| 2016 | $9,069 +3.1% | $878,780 +6.5% |
| 2015 | $8,794 +4.9% | $824,825 +39.4% |
| 2014 | $8,384 | $591,762 +1.5% |
| 2013 | -- | $583,017 +594.1% |
| 2012 | -- | $84,000 +29.2% |
| 2011 | -- | $65,000 +24.9% |
| 2010 | -- | $52,062 -65% |
| 2009 | -- | $148,750 -40.5% |
| 2008 | -- | $250,000 -25.4% |
| 2007 | -- | $335,000 +470.4% |
| 2005 | -- | $58,728 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$15,240/mo
Principal & interest
$13190
Property taxes
$2050
More affordability tools
Climate risks
Neighborhood: 32459
Nearby schools
GreatSchools rating
- 10/10Bay Elementary SchoolGrades: K-5Distance: 3.1 mi
- 8/10Emerald Coast Middle SchoolGrades: 6-8Distance: 2.4 mi
- 8/10South Walton High SchoolGrades: 9-12Distance: 5.3 mi
Schools provided by the listing agent
- Elementary: Dune Lakes
- Middle: Seaside
- High: South Walton
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 32459
- Florida
- Walton County
- Santa Rosa Beach
- 32459
- 318 E Royal Fern Way
Nearby cities
Nearby zip codes
Other Santa Rosa Beach Topics
- Apartments for Rent in 32459
- Houses for Sale in 32459
- Houses for Rent in 32459
- 32459 Real Estate
- Santa Rosa Beach Condos
- Houses for Sale in Santa Rosa Beach
- Newest Listings in Santa Rosa Beach
- Santa Rosa Beach Home Values
- Santa Rosa Beach Real Estate Agents
- Santa Rosa Beach Refinance
- Santa Rosa Beach Mortgage Rates
