5 Red Basil DR Santa Rosa Beach, FL 32459 New

UPDATED: 07/25/2026 02:51 PM ON MARKET: 7 days on market

$2,500,000

5 Beds5 Baths2,749 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,749 sqft

Price per Sqft $909

Subdivision Watercolor

MLS Listing ID 1008482

Style Beach House

Bedrooms 5

Full Baths 4

Half Baths 1

HOA Fees $1,840/qua

HOA Y/N Yes

Year Built 2013

Annual Tax Amount $16,806

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 45X106X32X107

Property Sub-Type Detached Single Family

Source Emerald Coast Association of REALTORS®

Land Area 2749

Property Description

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 $171,481.25 for 2026 (all gross revenue numbers excluding taxes collected) with new reservations coming in daily and lots of owner use! Over 60 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.


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