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Harrison Lilly Team

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

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17 Compass Point Way , Watersound, FL 32461
$4,499,000
Est. Payment: $24,856.33/mo
5 Bed
6 Bath
4230 Sqft
0.12 Acres
Status: Active | Days on site: 203
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Harrison Lilly Team
Owner/Operator

House Description

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 brand new 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, and the property backs up to a large open green space and pond with easy access, offering room to stroll, play, and unwind. 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.

Highlights

Listed by Blankenship Watkins Advisory Group , 850-805-6100 Christies International Real Estate Emerald Coast , 850-213-2800. Emerald Coast Multiple Listing Services

Property Type

Residential

Lot/Acreage
0.12

HOA Fee

Year Built

2017

County

Walton

Area

18 - 30A East

Neighborhood

Watersound Beach

Listing ID

998095

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:6
  • ▪ Full Bathrooms:5
  • ▪ 1/2 Bathrooms:1
Appliances:Auto Garage Door Opn, Dishwasher, Dryer, Refrigerator, Stove/Oven Dual Fuel, Washer, Wine Refrigerator, Water Heater - Elect
Air Cond:Central Air
Fireplaces:Fireplace Gas
Other:
  • ▪ Additional:Kitchen Island, Owner's Closet, Washer/Dryer Hookup

Exterior Features

Lot Dimensions:48x110
Zoning:Resid Single Family
Others:
  • ▪ Additional:Balcony, Shower, Porch Screened, Fenced Lot-Part
Parking Features:Garage Detached
Principal Interest
$24,856
Taxes
$2,868
HOA
$0

Home Price

$4,499,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$899,800
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:
$24,856.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $24,856.33 $2,868.11 $0.00 $27,724.44
Yearly $298,275.92 $34,417.35 $0.00 $332,693.27
Total $8,948,277.71 $1,032,520.50 $0.00 $9,980,798.21

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Watersound, 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: 2026-10-07T11:00:03.000Z

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