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For sale
    • $3,749,500

    198 E Water St, Rosemary Beach, FL 32461

    4beds
    2,629sqft
    : 
    $23,355/mo
    Get pre-qualified
    Single Family Residence
    Built in 2012
    2,613 Square Feet Lot
    $3,592,700 Zestimate®
    $1,426/sqft
    $-- HOA

    What's special

    Heated poolFreshly painted interiorsBeautifully refreshed cottageRefreshed appliancesLush tropical landscapingPrivate retreatBrand-new countertops
    Welcome home to this beautifully refreshed cottage and carriage house in the heart of Rosemary Beach, where timeless coastal charm meets effortless 30A living. Thoughtfully updated, the main residence features freshly painted interiors, brand-new countertops, refreshed appliances, and a bright, open-concept living and kitchen area designed for gathering with family and friends. Offering three bedrooms and three-and-a-half baths in the main cottage, along with a separate one-bedroom, one-bath carriage house, the property provides a versatile layout with plenty of space for family and guests. Step outside to your own private retreat, where a heated pool surrounded by lush tropical landscaping creates an inviting setting for relaxing afternoons, outdoor entertaining, and evenings after a day at the beach. Ideally located just moments from the beautiful beaches and emerald waters of the Gulf, along with Rosemary Beach's boutique shopping, acclaimed dining, and charming town center, this home places the best of the community right outside your door. Whether enjoyed as a second home, vacation retreat, or investment property, this refreshed Rosemary Beach cottage offers an exceptional opportunity to own and enjoy a special piece of one of 30A's most sought-after communities.
    5 days
    |
    998
    |
    48
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Stephen M McGrath 615-594-4557,

    Rosemary Beach Realty LLC

    Source: ECAOR,MLS#: 1008286MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Primary bedroom
      • Level: Second
      • Area: 240 Square Feet
      • Dimensions: 15 x 16
      Bedroom
      • Level: Second
      • Area: 182 Square Feet
      • Dimensions: 13 x 14
      Bedroom
      • Level: Third
      • Area: 169 Square Feet
      • Dimensions: 13 x 13
      Primary bathroom
      • Level: Second
      • Area: 128 Square Feet
      • Dimensions: 8 x 16
      Kitchen
      • Level: First
      • Area: 210 Square Feet
      • Dimensions: 14 x 15
      Living room
      • Level: First
      • Area: 352 Square Feet
      • Dimensions: 16 x 22
      Other
      • Level: Second
      • Area: 484 Square Feet
      • Dimensions: 22 x 22
      Heating
      • Central, Natural Gas
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Washer, Gas Water Heater
      • Laundry: Washer/Dryer Hookup
      Features
      • Breakfast Bar, Bookcases, Beamed Ceilings, Vaulted Ceiling(s), In-Law Floorplan, Kitchen Island, Recessed Lighting, Track Lighting, Owner's Closet, Shelving, Split Bedroom, Wet Bar, Woodwork Painted
      • Flooring: Tile, Carpet
      • Windows: Window Treatments
      • Has fireplace: Yes
      • Fireplace features: Gas, Fireplace 2+
      • Furnished: Yes
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 2,629
      • Total interior livable area: 2,629 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Garage Door Opener, Covered
      • Attached garage spaces: 1
      • Carport spaces: 1
      • Covered spaces: 2
      Features
      • Stories: 3
      • Patio & porch: Patio, Porch
      • Exterior features: Outdoor Grill, Balcony, Private Yard, Rain Gutters
      • Has private pool: Yes
      • Pool features: Heated, Gunite
      • Fencing: Privacy
      • On waterfront: Yes
      Lot
      • Size: 2,613 Square Feet
      • Dimensions: 30 x 75
      • Features: Interior Lot, Within 1/2 Mile to Water
      Details
      • Additional structures: Guest House
      • Parcel number: 353S18160640320030
      • Zoning description: Resid Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Beach House
      • Property subtype: Single Family Residence
      Materials
      • Block, Concrete
      Condition
      • Construction Complete
      • New construction: No
      • Year built: 2012

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Features: Beach, Deed Access, Fitness Center, Fishing, Pool, TV Cable, Tennis Court(s), Waterfront, Short Term Rental - Allowed
      • Security: Smoke Detector(s)
      • Subdivision: ROSEMARY BEACH
      HOA
      • Has HOA: Yes
      • Services included: Management, Recreational Faclty, Security, Cable TV, Trash
      Location
      • Region: Rosemary Beach

      Financial & listing details

      • Price per square foot: $1,426/sqft
      • Tax assessed value: $2,615,230
      • Annual tax amount: $23,630
      • Date on market: 7/23/2026
      • Road surface type: Paved

        Estimated market value

        $3,592,700

        $3.41M - $3.77M

        $5,899/mo

        Price history

        DateEventPrice
        7/23/2026Listed for sale$3,749,5000%$1,426/sqft
        Source: ECAOR #1008286 Report a problem
        8/1/2025Listing removed$3,750,000$1,426/sqft
        Source: CPAR #764085 Report a problem
        7/17/2025Price change$3,750,000-1.3%$1,426/sqft
        Source: ECAOR #960675 Report a problem
        3/16/2025Price change$3,800,000-1.9%$1,445/sqft
        Source: ECAOR #960675 Report a problem
        12/12/2024Price change$3,875,000-0.6%$1,474/sqft
        Source: ECAOR #960675 Report a problem
        10/30/2024Price change$3,900,000-1.3%$1,483/sqft
        Source: ECAOR #960675 Report a problem
        10/8/2024Listed for sale$3,950,000+10%$1,502/sqft
        Source: ECAOR #960675 Report a problem
        4/15/2022Sold$3,590,000$1,366/sqft
        Source: ECAOR #891252 Report a problem
        3/4/2022Pending sale$3,590,000$1,366/sqft
        Source: ECAOR #891252 Report a problem
        2/25/2022Price change$3,590,000-3%$1,366/sqft
        Source: ECAOR #891252 Report a problem
        2/16/2022Listed for sale$3,700,000+66.3%$1,407/sqft
        Source: ECAOR #891252 Report a problem
        11/12/2020Sold$2,224,950-5.3%$846/sqft
        Source: ECAOR #851116 Report a problem
        7/17/2020Price change$2,350,000-5.8%$894/sqft
        Source: Coastal Luxury #851116 Report a problem
        5/24/2020Listed for sale$2,495,000$949/sqft
        Source: Scenic Sotheby's Intl Realty #847089 Report a problem
        3/25/2020Listing removed$2,495,000$949/sqft
        Source: Scenic Sotheby's International Realty #828125 Report a problem
        3/5/2020Listed for sale$2,495,000-2.2%$949/sqft
        Source: Scenic Sotheby's International Realty #828125 Report a problem
        12/7/2019Listing removed$2,550,000$970/sqft
        Source: Scenic Sotheby's International Realty #828125 Report a problem
        7/29/2019Listed for sale$2,550,000$970/sqft
        Source: Scenic Sotheby's Intl Realty #828125 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$23,630 -6.9%$2,615,230 -5.9%
        2024$25,391 +2.3%$2,779,759 +1.7%
        2023$24,824 +35.1%$2,731,977 +60%
        2022$18,381 +22.3%$1,707,261 +10%
        2021$15,023 +38.7%$1,552,055 +38.3%
        2020$10,834 +2.9%$1,122,559 +2.3%
        2019$10,527 $1,097,321 +1.9%
        2018$10,527 +1.6%$1,076,861 +2.1%
        2017$10,365 +2.8%$1,054,712 +2.1%
        2016$10,085 +1.2%$1,033,019 +0.7%
        2015$9,966 -0.9%$1,025,838 +0.8%
        2014$10,053 $1,017,696 +63.9%
        2013-- $620,857 +357.7%
        2012-- $135,641 +14.9%
        2011-- $118,000 -5.9%
        2010-- $125,426 -30%
        2009-- $179,180 -42.2%
        2008-- $310,000 -16.2%
        2007-- $370,000 +19.4%
        2005-- $310,000 +67.6%
        2004-- $185,000 +6.6%
        2003-- $173,612 +44.7%
        2002-- $120,000
        2001-- $120,000
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Rosemary Beach

        Getting around

        54 / 100
        Somewhat Walkable
        68 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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