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40 Chapman Oak Way, Santa Rosa Beach, FL 32459

New Listing
$8,000,000
Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 5,768 Lot Size (sq. ft.): 10,890 Status: Active
Current Price: $8,000,000 List Date: 7/01/2026 Last Modified: 7/05/2026

Description

Located in Phase 2, this one family owned, never before rented home offers the privacy of a backyard preserve, a front yard facing a park area, while also being tucked nicely inside a private cove. This home has one of the largest private family pools inside the Watercolor community and was designed by the Stackable Group and built by Cole construction. A Peacock paver pool deck with fully fenced in back yard expands into a summer kitchen with an outdoor fireplace. The carriage house is fully equipped with a kitchen, full bath and extends over a full capacity two car garage. Inside the home you will find grey washed floors, mosaic marble bathrooms, and souring ceilings. A large fireplace anchors the living and dining area. This home offers large rental projections while also providing a luxurious secluded space within the community.

More Information MLS# 1006685

General Property Info

userdefined76: 6 Sub-Type: Detached Single Family Design: Beach House SqFt Source: County PA Records Immediate Occupancy: Yes Garage: Yes Carport: No Carport Spaces: 0 Covered Spaces: 0 Driveway Spaces: 2 Street Spaces: 2 Assigned Spaces: 0 Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 5768 Bedrooms: 6 Full Baths: 5 Total Bathrooms: 5 # Stories: 3 Year Built: 2014 Garage Spaces: 2 Acreage: 0.25

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 1386.96 List Date: 2026-07-01 Current Price: $8,000,000 List Price: $8,000,000

Location, Tax and Legal

Sub Area: 1802 - S. of 98 W of Camp Creek Elementary School: Bay Middle School: Emerald Coast High School: South Walton Legal Description: LOT 45 CYPRESS COVE AT WATERCOLOR S/D PB 15-44 OR 2576-1285 OR 2612-1446 OR 2708-6062 OR 2851-4057 OR 2867-3937 OR 2900-1870 OR 2960-2232

Listing Info, Tax & Legal

Homestead: No Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 1890 Annual Assessment Amount: 7560 Assessment Paid: Quarterly New Buyer Fee: Yes New Buyer Fee Amt: 0.5 New Buyer Fee Paid: % Last Taxes: 36270.02 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: No

Remarks & Misc

Remarks: Located in Phase 2, this one family owned, never before rented home offers the privacy of a backyard preserve, a front yard facing a park area, while also being tucked nicely inside a private cove. This home has one of the largest private family pools inside the Watercolor community and was designed by the Stackable Group and built by Cole construction. A Peacock paver pool deck with fully fenced in back yard expands into a summer kitchen with an outdoor fireplace. The carriage house is fully equipped with a kitchen, full bath and extends over a full capacity two car garage. Inside the home you will find grey washed floors, mosaic marble bathrooms, and souring ceilings. A large fireplace anchors the living and dining area. This home offers large rental projections while also providing a luxurious secluded space within the community.

Construction Status

Construction Complete: 1

Parking Features

Garage Detached: 1

Lot/Parcel Access

Paved Road: 1 Private Road: 1

Lot Features

Curb & Gutter: 1

Project Facilities

Beach: 1 Community Room: 1 Dock: 1 Pets Allowed: 1 Pickle Ball: 1 Pool: 1 Short Term Rental - Allowed: 1 Tennis: 1 TV Cable: 1

Construction/Siding

Concrete: 1 Foundation On Piling: 1 Roof Metal: 1 Siding CmntFbrHrdBrd: 1

Utilities

Electric: 1 Gas - Natural: 1 Public Sewer: 1 Public Water: 1 TV Cable: 1

Zoning

Resid Single Family: 1

Exterior

Balcony: 1 BBQ Pit/Grill: 1 Columns: 1 Deck Covered: 1 Fenced Back Yard: 1 Fenced Privacy: 1 Fireplace: 1 Guest Quarters: 1 Patio Covered: 1 Patio Enclosed: 1 Patio Open: 1 Pool - Enclosed: 1 Pool - Gunite Concrt: 1 Pool - In-Ground: 1 Porch: 1 Rain Gutter: 1 Shower: 1 Sprinkler System: 1 Summer Kitchen: 1

Interior

Breakfast Bar: 1 Built-In Bookcases: 1 Ceiling Beamed: 1 Ceiling Cathedral: 1 Ceiling Crwn Molding: 1 Ceiling Vaulted: 1 Fireplace: 1 Fireplace Gas: 1 Floor Hardwood: 1 Floor Tile: 1 Furnished - All: 1 Guest Quarters: 1 Hallway Bunk Beds: 1 Kitchen Island: 1 Lighting Recessed: 1 Newly Painted: 1 Pantry: 1 Washer/Dryer Hookup: 1 Window Treatment All: 1

Appliances

Auto Garage Door Opn: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Oven Double: 1 Range Hood: 1 Refrigerator: 1 Refrigerator W/IceMk: 1 Smoke Detector: 1 Washer: 1

Energy

AC - 2 or More: 1 AC - Central Elect: 1 Ceiling Fans: 1 Double Pane Windows: 1 Heat - Two or More: 1 Heat Cntrl Electric: 1 Heat High Efficiency: 1 Water Heater - Tnkls: 1

Mstr Bdrm/Mstr Bath

MBath Cultured Mrble: 1 MBath Double Vanity: 1 MBath Garden Tub: 1 MBath Separate Shwr: 1 MBed Balcony: 1

Master Bedroom

Second: 1

Bedroom

First: 1 Second: 1

Kitchen

First: 1

Rooms

Bedroom: 1 Bonus Room: 1 Bunk Room: 1 Den: 1 Kitchen: 1 Master Bedroom: 1 Media Room: 1 Office: 1

Fees Include

Accounting: 1 Internet Service: 1 Land Recreation: 1 Trash: 1 TV Cable: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 18 - 30A East Street #: 40 Street Name: Chapman Oak Street Suffix: Way State: FL Zip Code: 32459 County: Walton Project Name/Subdivision: WATERCOLOR Parcel ID: 14-3S-19-25400-000-0450

Property Features

Construction Status: Construction Complete Lot Features: Curb & Gutter Zoning: Resid Single Family Parking Features: Garage Detached Project Facilities: Beach; Community Room; Dock; Pets Allowed; Pickle Ball; Pool; Short Term Rental - Allowed; Tennis; TV Cable Exterior: Balcony; BBQ Pit/Grill; Columns; Deck Covered; Fenced Back Yard; Fenced Privacy; Fireplace; Guest Quarters; Patio Covered; Patio Enclosed; Patio Open; Pool - Enclosed; Pool - Gunite Concrt; Pool - In-Ground; Porch; Rain Gutter; Shower; Sprinkler System; Summer Kitchen Interior: Breakfast Bar; Built-In Bookcases; Ceiling Beamed; Ceiling Cathedral; Ceiling Crwn Molding; Ceiling Vaulted; Fireplace; Fireplace Gas; Floor Hardwood; Floor Tile; Furnished - All; Guest Quarters; Hallway Bunk Beds; Kitchen Island; Lighting Recessed; Newly Painted; Pantry; Washer/Dryer Hookup; Window Treatment All Appliances: Auto Garage Door Opn; Dishwasher; Disposal; Dryer; Microwave; Oven Double; Range Hood; Refrigerator; Refrigerator W/IceMk; Smoke Detector; Washer Utilities: Electric; Gas - Natural; Public Sewer; Public Water; TV Cable Energy: AC - 2 or More; AC - Central Elect; Ceiling Fans; Double Pane Windows; Heat - Two or More; Heat Cntrl Electric; Heat High Efficiency; Water Heater - Tnkls Master Bedroom: Second Bedroom: First; Second Kitchen: First Rooms: Bedroom; Bonus Room; Bunk Room; Den; Kitchen; Master Bedroom; Media Room; Office Fees Include: Accounting; Internet Service; Land Recreation; Trash; TV Cable

Room Information

Kitchen Level: First Dimensions: 16 x 13 Length: 16.00 Width: 13.00 Dimensions: 16 x 13 Den Level: First Dimensions: 32 x 20 Length: 32.00 Width: 20.00 Dimensions: 32 x 20 Bedroom Level: First Dimensions: 14 x 10 Length: 14.00 Width: 10.00 Dimensions: 14 x 10 Office Level: First Dimensions: 12 x 10 Length: 12.00 Width: 10.00 Dimensions: 12 x 10 Bedroom Level: Second Dimensions: 12 x 11 Length: 12.00 Width: 11.00 Dimensions: 12 x 11 Master Bedroom Level: Second Dimensions: 19 x 17 Length: 19.00 Width: 17.00 Dimensions: 19 x 17 Bedroom Level: Second Dimensions: 16 x 13 Length: 16.00 Width: 13.00 Dimensions: 16 x 13 Bedroom Level: Second Dimensions: 17 x 12 Length: 17.00 Width: 12.00 Dimensions: 17 x 12 Media Room Level: Third Dimensions: 31 x 16 Length: 31.00 Width: 16.00 Dimensions: 31 x 16 Bonus Room Level: Third Dimensions: 24 x 12 Length: 24.00 Width: 12.00 Dimensions: 24 x 12 Bunk Room Level: Third Dimensions: 21 x 16 Length: 21.00 Width: 16.00 Dimensions: 21 x 16
Listing Office: Watersound Real Estate
Last Updated: July - 05 - 2026
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