Luxury Bayfront Home with 120 ft on the water. High and dry custom build by Arthur Rutenberg and completely updated in 2021. Over a million in renovations including all new windows, all new flooring, kitchen, baths, etc. Nothing was overlooked. One story home with open floor plan, two spacious living areas, dining room plus a bonus room that could be used as a 4th bedroom or office. Beautiful outdoor living space with screened lanai, heated pool and spa controlled by indoor computer system. Large driveway with an oversized 3 car garage with storage space and an additional washer/dryer. Private all new dock with 2 boat lifts, the larger rated for 28,000 lbs. and 2 jet ski lifts. One HVAC system was replaced in 2018, the other is new. This is waterfront living at its finest!
For sale
$2,895,000
388 E Shipwreck Rd, Santa Rosa Beach, FL 32459
3beds
2,910sqft
Est.:
Single Family Residence
Built in 1999
0.77 Acres Lot
$2,720,000 Zestimate®
$995/sqft
$76/mo HOA
What's special
Screened lanaiOne story homeBonus roomOpen floor planDining roomLarge drivewayBeautiful outdoor living space
- 24 days |
- 1,273 |
- 69 |
Zillow last checked: 8 hours ago
Listing updated: January 29, 2026 at 04:19am
Listed by:
Brent C Winjum 850-337-8469,
Aquatic Resort Properties Inc
Source: ECAOR,MLS#: 993971
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Level: First
- Area: 234.23 Square Feet
- Dimensions: 16.6 x 14.11
Bedroom
- Level: First
- Area: 195 Square Feet
- Dimensions: 15 x 13
Bedroom
- Level: First
- Area: 182 Square Feet
- Dimensions: 14 x 13
Primary bathroom
- Level: First
- Area: 157.32 Square Feet
- Dimensions: 13.8 x 11.4
Bathroom
- Level: First
- Area: 78 Square Feet
- Dimensions: 13 x 6
Bathroom
- Level: First
- Area: 31.32 Square Feet
- Dimensions: 5.8 x 5.4
Dining room
- Level: First
- Area: 142.2 Square Feet
- Dimensions: 15.8 x 9
Family room
- Level: First
- Area: 295.02 Square Feet
- Dimensions: 18 x 16.4
Kitchen
- Level: First
- Area: 196 Square Feet
- Dimensions: 14 x 14
Living room
- Level: First
- Area: 299.2 Square Feet
- Dimensions: 17 x 17.6
Office
- Level: First
- Area: 146.32 Square Feet
- Dimensions: 12.4 x 11.8
Heating
- Central, Natural Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Washer, Gas Water Heater
Features
- Breakfast Bar, Crown Molding, Recessed Lighting, Split Bedroom
- Flooring: Hardwood, Tile
- Windows: Double Pane Windows, Plantation Shutters, Hurricane Shutters
- Has fireplace: Yes
- Fireplace features: Gas
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,910
- Total interior livable area: 2,910 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage Door Opener
- Attached garage spaces: 3
Features
- Stories: 1
- Patio & porch: Enclosed
- Exterior features: Boat Slip, Boatlift, Dock, Private Yard, Lawn Pump, Sprinkler System
- Has private pool: Yes
- Pool features: Heated, In Ground, Pool - Enclosed
- Has spa: Yes
- Spa features: Heated
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
- Waterfront features: Bay
Lot
- Size: 0.77 Acres
- Dimensions: 120 x 267 x 124 x 330
Details
- Parcel number: 112S214201000L0150
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mediterranean
- Property subtype: Single Family Residence
Materials
- Frame, Stucco
- Foundation: Slab
- Roof: Slate
Condition
- Construction Complete
- New construction: No
- Year built: 1999
Utilities & green energy
- Water: Public
Green energy
- Energy efficient items: Doors
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: DRIFTWOOD ESTATES
HOA
- Has HOA: Yes
- HOA fee: $227 quarterly
Location
- Region: Santa Rosa Beach
Financial & listing details
- Price per square foot: $995/sqft
- Tax assessed value: $1,314,567
- Annual tax amount: $12,005
- Date on market: 1/29/2026
- Road surface type: Paved
Estimated market value
$2,720,000
$2.58M - $2.86M
$5,176/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/29/2026 | Listed for sale | $2,895,000$995/sqft |
Source:  ECAOR #993971 Report a problem | ||
| 10/27/2025 | Listing removed | $2,895,000$995/sqft |
Source: ECAOR #973124 Report a problem | ||
| 9/26/2025 | Price change | $2,895,000-3.3%$995/sqft |
Source: ECAOR #973124 Report a problem | ||
| 8/8/2025 | Listed for sale | $2,995,000-4.9%$1,029/sqft |
Source: ECAOR #973124 Report a problem | ||
| 7/5/2025 | Listing removed | $3,150,000$1,082/sqft |
Source: ECAOR #973124 Report a problem | ||
| 4/5/2025 | Listed for sale | $3,150,000-16%$1,082/sqft |
Source: ECAOR #973124 Report a problem | ||
| 11/25/2023 | Listing removed | -- |
Source: ECAOR #935111 Report a problem | ||
| 10/22/2023 | Listed for sale | $3,750,000+332.3%$1,289/sqft |
Source: ECAOR #935111 Report a problem | ||
| 5/16/2019 | Sold | $867,500-3.5%$298/sqft |
Source: Public Record Report a problem | ||
| 4/5/2019 | Pending sale | $899,000$309/sqft |
Source: Berkshire Hathaway Home Services Penfed Realty #816462 Report a problem | ||
| 3/1/2019 | Listed for sale | $899,000+22.3%$309/sqft |
Source: Berkshire Hathaway Home Services Penfed Realty #816462 Report a problem | ||
| 12/18/2013 | Sold | $735,000+14.8%$253/sqft |
Source: Public Record Report a problem | ||
| 12/28/2010 | Sold | $640,000-8.4%$220/sqft |
Source: Public Record Report a problem | ||
| 10/20/2010 | Listed for sale | $699,000$240/sqft |
Source: Jan Hooks Real Estate Group, Inc #546851 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,769 +4.7% | $1,058,902 +10% |
| 2023 | $10,282 +7.5% | $962,638 +10.5% |
| 2022 | $9,569 +24.1% | $871,489 +10% |
| 2021 | $7,710 +7.2% | $792,263 +10% |
| 2020 | $7,190 +3.4% | $720,239 +2.8% |
| 2019 | $6,955 | $700,286 +6.4% |
| 2018 | $6,955 +6% | $657,985 +6.8% |
| 2017 | $6,561 +7.5% | $616,031 +2.5% |
| 2016 | $6,106 +1.5% | $600,971 -1.7% |
| 2015 | $6,014 -1.1% | $611,515 +15.4% |
| 2014 | $6,079 | $530,037 +9.8% |
| 2013 | -- | $482,805 -0.9% |
| 2012 | -- | $487,357 -12.1% |
| 2011 | -- | $554,536 +23% |
| 2010 | -- | $450,956 +2.7% |
| 2009 | -- | $439,100 +0.1% |
| 2008 | -- | $438,661 +3% |
| 2007 | -- | $425,884 +5.6% |
| 2005 | -- | $403,395 +3% |
| 2004 | -- | $391,646 +1.9% |
| 2003 | -- | $384,343 +2.4% |
| 2002 | -- | $375,335 +1.6% |
| 2001 | -- | $369,424 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$16,467/mo
Principal & interest
$14147
Property taxes
$2244
HOA Fees
$76
Climate risks
Neighborhood: 32459
Nearby schools
GreatSchools rating
- 9/10Van R. Butler Elementary SchoolGrades: K-5Distance: 4.3 mi
- 8/10Emerald Coast Middle SchoolGrades: 6-8Distance: 12 mi
- 8/10South Walton High SchoolGrades: 9-12Distance: 7.7 mi
Schools provided by the listing agent
- Elementary: Van R Butler
- Middle: Emerald Coast
- 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.
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