For sale

$8,000,000

40 Chapman Oak Way, Santa Rosa Beach, FL 32459

6beds

5,768sqft

$49,746/mo

Get pre-qualified

Single Family Residence

Built in 2014

0.25 Acres Lot

$-- Zestimate^®

$1,387/sqft

$-- HOA

What's special

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.

42 days

541

23

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 5
Full bathrooms: 5

Primary bedroom

Level: Second
Area: 323 Square Feet
Dimensions: 19 x 17

Bedroom

Level: First
Area: 140 Square Feet
Dimensions: 14 x 10

Bedroom

Level: Second
Area: 132 Square Feet
Dimensions: 12 x 11

Bedroom

Level: Second
Area: 208 Square Feet
Dimensions: 16 x 13

Bedroom

Level: Second
Area: 204 Square Feet
Dimensions: 17 x 12

Bonus room

Level: Third
Area: 288 Square Feet
Dimensions: 24 x 12

Other

Level: Third
Area: 336 Square Feet
Dimensions: 21 x 16

Den

Level: First
Area: 640 Square Feet
Dimensions: 32 x 20

Kitchen

Level: First
Area: 208 Square Feet
Dimensions: 16 x 13

Media room

Level: Third
Area: 496 Square Feet
Dimensions: 31 x 16

Office

Level: First
Area: 120 Square Feet
Dimensions: 12 x 10

Heating

Central, Heat High Efficiency, Natural Gas

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Dishwasher, Disposal, Dryer, Microwave, Double Oven, Range Hood, Refrigerator, Washer, Tankless Water Heater
Laundry: Washer/Dryer Hookup

Features

Breakfast Bar, Bookcases, Beamed Ceilings, Cathedral Ceiling(s), Crown Molding, Vaulted Ceiling(s), In-Law Floorplan, Hallway Bunk Beds, Kitchen Island, Recessed Lighting, Newly Painted, Pantry
Flooring: Hardwood, Tile
Windows: Double Pane Windows, Window Treatments
Has fireplace: Yes
Fireplace features: EPA Qualified Fireplace, Gas
Furnished: Yes
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 5,768
Total interior livable area: 5,768 sqft

Property

Parking

Total spaces: 6
Parking features: Garage Door Opener, Detached
Garage spaces: 2

Features

Stories: 3
Patio & porch: Covered, Enclosed, Patio, Porch
Exterior features: Outdoor Grill, Balcony, Columns, Private Yard, Outdoor Shower, Sprinkler System, Outdoor Kitchen, Rain Gutters
Has private pool: Yes
Pool features: In Ground, Gunite, Pool - Enclosed
Fencing: Privacy

Lot

Size: 0.25 Acres
Dimensions: 36 x 122 x 142 x 126
Features: Curb & Gutter

Details

Additional structures: Guest House
Parcel number: 143S19254000000450
Zoning description: Resid Single Family

Construction

Type & style

Home type: SingleFamily
Architectural style: Beach House
Property subtype: Single Family Residence

Materials

Concrete, Siding CmntFbrHrdBrd
Foundation: Pillar/Post/Pier
Roof: Metal

Condition

Construction Complete
New construction: No
Year built: 2014

Utilities & green energy

Water: Public

Community & HOA

Community

Features: Beach, Community Room, Dock, Pool, TV Cable, Tennis Court(s), Pickleball, Short Term Rental - Allowed
Security: Smoke Detector(s)
Subdivision: WATERCOLOR

HOA

Has HOA: Yes
Services included: Land Recreation, Cable TV, Trash, Internet

Location

Region: Santa Rosa Beach

Financial & listing details

Price per square foot: $1,387/sqft
Tax assessed value: $4,861,202
Annual tax amount: $36,270
Date on market: 7/1/2026
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/1/2026	Listed for sale	$8,000,000+213.7%$1,387/sqft
Source: ECAOR #1006685 Report a problem
9/22/2014	Sold	$2,550,000+574.6%$442/sqft
Source: ECAOR #613309 Report a problem
8/28/2012	Sold	$378,000+42.6%$66/sqft
Source: Public Record Report a problem
6/9/2011	Sold	$265,000-39.1%$46/sqft
Source: Public Record Report a problem
2/15/2006	Sold	$435,000+16%$75/sqft
Source: Public Record Report a problem
5/27/2004	Sold	$375,000$65/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$36,270 +3%	$3,258,098 +10%
2024	$35,199 +10.3%	$2,961,907 +10%
2023	$31,907 +17.4%	$2,692,643 +10%
2022	$27,183 +14.8%	$2,447,857 +10%
2021	$23,675 +10.5%	$2,225,325 +10%
2020	$21,427 +17.3%	$2,023,023 +10%
2019	$18,264	$1,839,112 +2.8%
2018	$18,264 +2.3%	$1,789,716 +6.8%
2017	$17,845 +7.5%	$1,675,182 +2.7%
2016	$16,603 +1.7%	$1,630,997 +4.4%
2015	$16,321 +2.8%	$1,562,150 +404.3%
2014	$15,879	$309,750 +15.5%
2013	--	$268,250 +39.4%
2012	--	$192,500 +34.1%
2011	--	$143,550 -10%
2010	--	$159,500 -13.8%
2009	--	$185,000 -26%
2008	--	$250,000 -25.4%
2007	--	$335,000 -12.8%
2005	--	$384,000 +13464.1%
2004	--	$2,831
2003	--	$2,831