Agent profile image in chat bubble
Agent profile image in chat header

Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

Agent profile image in message

198 E Water St , Inlet Beach, FL 32461
$3,749,500
Est. Payment: $20,715.45/mo
4 Bed
5 Bath
2629 Sqft
0.06 Acres
Status: Active | Days on site: 20
Get Pre-Qualified
ERMB - E32091
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Harrison Lilly Team, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
Agent profile image
Harrison Lilly Team
Owner/Operator

House Description

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.

Highlights

Listed by Stephen M McGrath , 615-594-4557 Rosemary Beach Realty LLC , 850-278-2000. Emerald Coast Multiple Listing Services

Property Type

Residential

Lot/Acreage
0.06

HOA Fee

Year Built

2012

County

Walton

Area

18 - 30A East

Neighborhood

Rosemary Beach

Listing ID

1008286

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:4
  • ▪ 1/2 Bathrooms:1
Appliances:Auto Garage Door Opn, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Gas, Washer, Wine Refrigerator, Water Heater - Gas
Air Cond:Ceiling Fans,Central Air
Fireplaces:Fireplace Gas
Floor:Floor Tile,Floor WW Carpet
Other:
  • ▪ Additional:Breakfast Bar, Built-In Bookcases, Ceiling Beamed, Ceiling Raised, Fireplace, Fireplace 2+, Guest Quarters, Kitchen Island, Lighting Recessed, Lighting Track, Owner's Closet, Shelving, Split Bedroom, Washer/Dryer Hookup, Wet Bar, Woodwork Painted

Exterior Features

Lot:Interior,Within 1/2 Mile to Water
Lot Dimensions:30X75
Zoning:Resid Single Family
Others:
  • ▪ Additional:Rain Gutter, Balcony, BBQ Pit/Grill, Fenced Back Yard, Pool - Gunite Concrt, Patio Open, Porch Open, Fenced Privacy
Sewer:Public Sewer
Parking Features:Covered
Principal Interest
$20,715
Taxes
$1,969
HOA
$0

Home Price

$3,749,500

Loan Details

30 yrs
7.374%

Down Payment

20%
$749,900
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$20,715.45

Principal

Taxes

Principal Taxes HOA Total
Monthly $20,715.45 $1,969.20 $0.00 $22,684.65
Yearly $248,585.37 $23,630.43 $0.00 $272,215.80
Total $7,457,561.07 $708,912.90 $0.00 $8,166,473.97

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Oct 2026

Average Price

All Price Ranges
N/A
Oct 2026

Average Days on Market

All Price Ranges
N/A
Oct 2026
Market insight data is pulled from the same city as the listing being viewed (Inlet Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T06:31:40.000Z

© 2026 Emerald Coast Multiple Listing Services