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Watercolor FL Homes for Sale

WaterColor FL homes for sale are located along Scenic 30A, above Seaside and Seagrove Beach, and nestled between Western Lake, undisturbed forest, and the Gulf of Mexico. The unique Southern beach cottages that line the streets of WaterColor are unsurpassed in both architecture and finish. This master planned, resort community also features a plethora of amenities including private beach, and easy access to fine restaurants and local shops.

Read more about the perks of owning real estate in Watercolor, and the various phases or neighborhoods in this unique beach community.

Phase 1 | Phase 2Phase 3 | Phase 4 | WaterColor Condos | WaterColor Lots | WaterColor Sold Listings

WaterColor Real Estate Listings

All Listings $900,000 - $1,000,000 Over $1,000,000
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Photo of Listing #838535

50 E Royal Fern Way, SANTA ROSA BEACH, FL - $989,000

Detached Single Family
  • 5 Beds
  • 5 Baths
  • 2,545 SQFT
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This Watercolor Turn-key, Open Concept 5 Bedroom/ 4.5 Bath, Well-appointed Home Is Conveniently Located In The Crossings District. It Sits Just Steps Away From The Dragonfly Pool. It Is Perfect For A Primary, Secondary Or Vacation Rental Investme...

184 E Royal Fern Way, SANTA ROSA BEACH, FL - $1,629,000

Detached Single Family
  • 4 Beds
  • 6 Baths
  • 2,949 SQFT
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Stunning 4 Bedroom Home Located In Watercolor With Impressive Rental Numbers! This Home Features All Suite Bedrooms Plus An Additional 4 Bed Bunk Room. This Stunning Home In Phase 4 Is Professionally Decorated With Custom Window Treatments And Fur...

48 Chapman Oak Way, SANTA ROSA BEACH, FL - $2,850,000

Detached Single Family
  • 5 Beds
  • 6 Baths
  • 3,955 SQFT
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Offering What Is, Undoubtedly, One Of The Best Outdoor Spaces In Watercolor, This Never Rented Custom Home On A Large Corner Lot In Phase Ii Boasts Nearly 4,000 Square Feet Of Wide Open Luxury Living W/ 4 Bedrooms, 4.5 Baths And A Detached 1/1 Car...

1267 Western Lake Dr, SANTA ROSA BEACH, FL - $1,299,000

Detached Single Family
  • 3 Beds
  • 4 Baths
  • 2,111 SQFT
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Location, Updates, Spacious, Open Floor Plan, Priced Well! This Is The Cottage That Many Families/investors Are Searching For. Just Steps To The Newly Updated Camp Watercolor And Across The Street From A Park, This House Is Truly A Rare Find. Scre...

128 Wiregrass Way, SANTA ROSA BEACH, FL - $3,495,000

Detached Single Family
  • 6 Beds
  • 7 Baths
  • 5,403 SQFT
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Reduced For The Holidays! Rising Above The Norm, This Bespoke Watercolor Home Is The Ultimate Residence For Those Who Appreciate The Very Best. The Recent T.s. Adams Renovations Include Two New Tower Bedrooms, Both With En Suite Bathrooms And Kitc...

36 Thicket Cir, SANTA ROSA BEACH, FL - $1,495,000

Detached Single Family
  • 4 Beds
  • 4 Baths
  • 2,393 SQFT
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Suite Offers A Large Soaking Tub, Double Vanities And Plenty Of Closet Space! Offered Fully Furnished, The Stunning Interiors Of The Home Were Professionally Selected. The Large Outdoor Living Spaces Create Substantial Amounts Of Additional Living...

424 E Royal Fern Way, SANTA ROSA BEACH, FL - $1,699,000

Detached Single Family
  • 6 Beds
  • 6 Baths
  • 2,910 SQFT
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Luxury Abounds At This Stunning Two-story, 6 Bedroom Home In Watercolor. Constructed By Borges Brooks Builders, This Coastal Retreat Boasts 2 Living Spaces, A Separate Carriage House, Sonos Sound System, And A Brand New Game Room. Featuring Natura...

165 Vermilion Way, SANTA ROSA BEACH, FL - $5,095,000

Detached Single Family
  • 5 Beds
  • 6 Baths
  • 5,054 SQFT
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Sweeping, One-of-a-kind Views Of Western Lake, The Gulf Of Mexico And Grayton Beach State Park Define This Masterpiece Collaboration Between Architect Matt Savoie Of Savoie Architects, Builder John Brown Of Gulfview Construction And Designer Karen...

313 E Royal Fern Way, SANTA ROSA BEACH, FL - $1,879,950

Detached Single Family
  • 5 Beds
  • 6 Baths
  • 3,338 SQFT
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Wonderful Home In Watercolor! Great Location With Private Pool, 2 Car Garage, 5 Bed, 5.5 Baths, Wooded Area Behind The Home For Privacy. Home Is Meticulously Maintained And Has All The Charm You Would Want In The Sought After Neighborhood Of Wat...

41 Sunflower St, SANTA ROSA BEACH, FL - $1,345,000

Detached Single Family
  • 4 Beds
  • 5 Baths
  • 2,778 SQFT
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The Elegant Design, Superior Craftsmanship And High-quality Materials In This Romair Built Home Exude Comfort And Prestige. Offered With Quality Furnishings And A Golf Cart, This Home Has Never Been Rented And Has Been Meticulously Maintained. A P...

133 Silver Laurel Way, SANTA ROSA BEACH, FL - $1,175,000

Detached Single Family
  • 2 Beds
  • 2 Baths
  • 1,232 SQFT
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'the Cottage On Silver Laurel Way!'' A Rare Freestanding Two Bedroom Rental Home In Watercolor Generates Almost $100k Gross Rental. - This Beautiful, Newly Renovated Cottage Accommodates 4 Guests And Is Located In The Desirable Park District Of W...

21 Mistflower Ln, SANTA ROSA BEACH, FL - $2,095,000

Detached Single Family
  • 5 Beds
  • 6 Baths
  • 3,341 SQFT
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Located In The Sought-after Community Of Watercolor, This Beautifully Crafted Home Offers An Expansive Layout Large Enough For Two Families With Two Gorgeous Master Suites, A Bunk Room And 2 Guest Bedrooms. With Its Spacious Floor Plan And Various...

The WaterColor Community

WaterColor is home to more than ¼ mile of sugary white sand beaches that are bordered to the west by undeveloped state parks. Miles of trails and coastal amenities allow you to enjoy all that this incredible area has to offer.  

WaterColor Amenities & Recreation

Watercolor Amenities- beach club in WaterColor FL
WaterColor pool and beach club

WaterColor Beach Club

The WaterColor Beach Club is the most amazing beachfront amenity along 30A. You'll never miss a sunset as you lounge by the Gulf front pool. Take advantage of the food and beverage service, showers and lockers. Forget your sunscreen? Don't worry, handy items such as hats, water toys and even chilled towels are readily available.

Swimming Pools

Several neighborhood pools are placed throughout the community in addition to the Gulf front Beach Club.

Town Center

This attractive enclave of boutiques, services is the perfect spot to pick up that quick gift or sit and enjoy a glass of wine.

Tennis Center

Five Har-Tru Hydro Courts with pro shop and lessons offers an exceptional facility to residents of WaterColor.


Several landscaped parks and gardens are dotted throughout the WaterColor community. Everything is connected with an extensive trail system, perfect for that morning work out or evening stroll. Marina Park has an amphitheatre with a busy calendar of events including the ever popular Family Movie Night.

WaterColor Workout

Fitness center with state-of-the-art equipment, trainers and classes.

Camp WaterColor

Kid's camp that's packed with activities and fun outings.

Bike Barn

Rent a bike or bike stroller for an afternoon and explore the woodland trail system.


A portion of the WaterColor community overlooks Western Lake, and the BoatHouse takes full advantage of this scenic feature. Here, you can rent anything from paddle boards, canoes, kayaks, and sailboats, to fishing equipment to enjoy this coastal dune lake.

Watercolor Amenities, Bike parking in WaterColor FL
There's no shortage of bike parking in WaterColor!


WaterColor Neighborhoods

Developments in WaterColor have been spread through four separate phases, each targeting a different area and amenity group. Depending on your tastes, choose a location closer to the Gulf, a wooded setting, or overlooking Western Lake. Set up a tour with WaterColor realtor, Tim Shepard, and see the various neighborhoods and layouts for yourself.

Phase 1

Located in south WaterColor along the beach and shores of Western Lake. Communities in Phase One include: Beach Lane, The Cottage District, The Lake District, Park Row, Rainbow Row, Rose Garden Mews, Sunrise Ridge, Sunset Ridge, Tennis District and Town Center.

Phase 2

This is referred to as the camp district because of its proximity to Camp WaterColor and local parks. Communities within Phase Two include: Cinnamon Fern, Cypress Cove, Eastern Cove, Lake Forest, Mere Ridge, Pine Crest and Pine Ridge.

Phase 3

In the Lake District, you'll find a series of homes overlooking Western Lake with views of the Gulf. Communities within Phase 3 include: Cerulean Landing, Long Leaf Park, Oak Grove, Sand Hill, Sandy Creek, Vermillion Point, and Wiregrass Meadows.

Phase 4

Situated near the Crossing District, homes in Phase 4 are closing to shopping and have quiet properties backing onto State preserve. Communities within Phase Four include: Cedar Woods, Summersweet Place, and Turtle Ridge.

WaterColor FL Map of Phase Locations

Getting the Most from Your WaterColor Real Estate Investment

The primary factors that determine WaterColor property values are:

  • Location: Houses that are closer to the beach, town center, or major amenity are typically more expensive.
  • Interior Finish: there is a huge variance among WaterColor homes in terms of their interior finishes. Well-appointed houses can add an additional $100-$200 per square foot premium to their value.
  • Extras: properties with swimming pools, carriage houses, expansive porches, garages, or watch towers are uniquely desirable.
  • Type of Sale: WaterColor foreclosures or short sales typically sell for less than normal sales. However, the condition of these distressed properties can require significant repairs and/or renovations.

WaterColor is truly a stunning and spectacular development. There are homes of various sizes, layout, and finish to satisfy any need you may have. If you are interested in purchasing or selling a WaterColor home, one of the Destin Real Estate team's experienced agents will be happy to assist you with the process.

WaterColor Market Stats

  # Listings Avg. DOM Avg. Price Avg. Price/SqFt Median Price Median Price/SqFt Avg. % Reduced Highest
Active 47 152 $2,273,573 $653 $1,545,000 $547 3% $5,095,000
Sold (Last Year) 79 163 $1,830,055 $545 $1,106,000 $548 5% $5,500,000

Biggest Sales by Month

Jan. 2020 - 53 Muhly Circle, Santa Rosa Beach, FL - $1,550,000

Photo of Listing #824327
Detached Single Family
  • 4 Beds
  • 5 Baths
  • 3,068 SQFT
View details

Effortlessly Situated On An Oversized Corner Lot Overlooking Muhly Park In The Crossings District Of The Coveted Community Of Watercolor, This 3,068 Square Foot Beach House Is Perfectly Positioned To Allow Natural Light To Flood The Home At The Mo...

Contact a Watercolor realtor or call (850) 325-0004 for more information about the WaterColor real estate market.

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DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2020, All rights reserved.

Listing information last updated on January 20th, 2020 at 3:30am CST.