Steps from the sugar-white sands of the Gulf, this exceptional Watersound Beach residence commands attention across four thoughtfully designed floors. Built in 2017 and encompassing 4,230 square feet, this five-bedroom, five-and-a-half-bath home is a masterclass in refined coastal living, with all three HVAC systems replaced in 2026 for effortless, worry-free ownership. Soaring ceilings, crisp white interiors, and a white brick fireplace set the tone, while the chef's kitchen boasts marble countertops and a full suite of Thermador appliances, including a six-burner gas range. Two primary suites, including a first-floor retreat, offer rare privacy. A dedicated bunk room and third-floor game room with oversized screen make the home ideal for gathering and entertaining.
Outside, a private pool and landscaped yard provide a serene escape, while the fourth-floor west-facing lookout tower reveals sweeping views of the Emerald Coast. Dual full-width covered porches invite unhurried mornings and golden-hour evenings. A detached garage and paved driveway complete the offering.
Within the gated Watersound Beach community, residents enjoy multiple pools, a private fitness center, miles of scenic boardwalks, a dog park, and one mile of deeded Gulf beach access. Short-term rentals are permitted, presenting a rare opportunity to own a premier primary residence, second home, or income-producing asset along one of Florida's most sought-after coastlines.
For sale
Price cut: $126K (8/17)
$4,499,000
17 Compass Point Way, Inlet Beach, FL 32461
5beds
4,230sqft
Single Family Residence
Built in 2017
5,227 Square Feet Lot
$4,248,500 Zestimate®
$1,064/sqft
$-- HOA
What's special
Private poolDetached garageFive-bedroom five-and-a-half-bath homeDual full-width covered porchesMarble countertopsCrisp white interiorsSoaring ceilings
- 180 days
- 624
- 16
Zillow last checked:
Listing updated:
Listed by:
Blankenship Watkins Advisory Group 850-805-6100,
Christies International Real Estate Emerald Coast
Source: ECAOR,MLS#: 998095
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Primary bedroom
- Level: First
- Area: 182 Square Feet
- Dimensions: 14 x 13
Primary bedroom
- Level: Second
- Area: 266.83 Square Feet
- Dimensions: 16.25 x 16.42
Bedroom
- Level: Second
- Area: 254.78 Square Feet
- Dimensions: 12.9 x 19.75
Bedroom
- Level: Second
- Area: 246.88 Square Feet
- Dimensions: 12.5 x 19.75
Primary bathroom
- Level: Second
- Area: 154.2 Square Feet
- Dimensions: 10 x 15.42
Dining area
- Level: First
- Area: 146.38 Square Feet
- Dimensions: 14.17 x 10.33
Foyer
- Level: First
- Area: 55.39 Square Feet
- Dimensions: 6.33 x 8.75
Kitchen
- Level: First
- Area: 184.73 Square Feet
- Dimensions: 15.08 x 12.25
Living room
- Level: First
- Area: 347.01 Square Feet
- Dimensions: 17.58 x 19.75
Heating
- Central, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Washer, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Kitchen Island, Owner's Closet
- Windows: Window Treatments
- Has fireplace: Yes
- Fireplace features: Gas
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,230
- Total interior livable area: 4,230 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage Door Opener, Detached
- Garage spaces: 1
Features
- Stories: 4
- Patio & porch: Screened
- Exterior features: Balcony, Outdoor Shower
- Pool features: In Ground
- Fencing: Partial
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
Lot
- Size: 5,227 Square Feet
- Dimensions: 48 x 110
Details
- Parcel number: 203S18160130000470
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Beach House
- Property subtype: Single Family Residence
Materials
- Shake Siding
- Roof: Shake
Condition
- Construction Complete
- New construction: No
- Year built: 2017
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Fitness Center, Gated, Picnic Area, Playground, Pool, TV Cable, Waterfront, Short Term Rental - Allowed
- Subdivision: WATERSOUND BEACH
HOA
- Has HOA: Yes
- Services included: Recreational Faclty, Security, Trash, Internet
Location
- Region: Inlet Beach
Financial & listing details
- Price per square foot: $1,064/sqft
- Tax assessed value: $4,236,809
- Annual tax amount: $36,264
- Date on market: 3/16/2026
Estimated market value
$4,248,500
$4.04M - $4.46M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/17/2026 | Price change | $4,499,000-2.7%$1,064/sqft |
Source:  ECAOR #998095 Report a problem | ||
| 7/29/2026 | Price change | $4,625,000-0.5%$1,093/sqft |
Source: ECAOR #998095 Report a problem | ||
| 6/8/2026 | Price change | $4,650,000-0.9%$1,099/sqft |
Source: ECAOR #998095 Report a problem | ||
| 4/14/2026 | Price change | $4,690,000-2.1%$1,109/sqft |
Source: ECAOR #998095 Report a problem | ||
| 3/16/2026 | Listed for sale | $4,790,000+6.4%$1,132/sqft |
Source: ECAOR #998095 Report a problem | ||
| 9/5/2025 | Sold | $4,500,000-6.3%$1,064/sqft |
Source: ECAOR #976128 Report a problem | ||
| 8/11/2025 | Pending sale | $4,800,000$1,135/sqft |
Source: ECAOR #976128 Report a problem | ||
| 5/12/2025 | Listed for sale | $4,800,000+61.3%$1,135/sqft |
Source: ECAOR #976128 Report a problem | ||
| 6/29/2020 | Sold | $2,975,000-0.7%$703/sqft |
Source: ECAOR #833820 Report a problem | ||
| 5/28/2020 | Price change | $2,995,000-3.4%$708/sqft |
Source: Coastal Luxury #833820 Report a problem | ||
| 3/19/2020 | Price change | $3,099,000-3.1%$733/sqft |
Source: Coastal Luxury #833820 Report a problem | ||
| 10/22/2019 | Listed for sale | $3,199,000+496.8%$756/sqft |
Source: Coastal Luxury #833820 Report a problem | ||
| 5/6/2013 | Sold | $536,000+34%$127/sqft |
Source: Public Record Report a problem | ||
| 4/12/2012 | Sold | $400,000-58.6%$95/sqft |
Source: Public Record Report a problem | ||
| 7/18/2005 | Sold | $966,500$228/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $36,264 +3.4% | $3,814,093 +10% |
| 2024 | $35,077 +7.9% | $3,467,357 +10% |
| 2023 | $32,499 +4.7% | $3,152,143 +10% |
| 2022 | $31,041 +23.1% | $2,865,585 +10% |
| 2021 | $25,216 +5.6% | $2,605,077 +8.9% |
| 2020 | $23,886 +9.3% | $2,392,778 +8.7% |
| 2019 | $21,862 | $2,201,384 +3.4% |
| 2018 | $21,862 +3.9% | $2,128,818 +188.8% |
| 2017 | $21,034 +187.9% | $737,100 +9.2% |
| 2016 | $7,306 +8.2% | $675,000 +12.5% |
| 2015 | $6,754 +18% | $600,000 +26.3% |
| 2014 | $5,726 | $475,000 +50.2% |
| 2013 | -- | $316,250 +39.6% |
| 2012 | -- | $226,575 -5% |
| 2011 | -- | $238,500 -25.5% |
| 2010 | -- | $320,000 -0.7% |
| 2009 | -- | $322,415 -2.5% |
| 2008 | -- | $330,750 -17.1% |
| 2007 | -- | $399,000 +9.3% |
| 2005 | -- | $365,000 +14107.9% |
| 2004 | -- | $2,569 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: WaterSound Beach
Nearby schools
Schools provided by the listing agent
- Elementary: Dune Lakes
- 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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