One of the most popular communities provided by {{page_data.agentName}}

WATERCOLOR

One of the most popular communities provided by Gulf Life Real Estate

WATERCOLOR

About WATERCOLOR

WaterColor is a coastal community located in Northwest Florida near the popular vacation destination of Destin. WaterColor real estate encompasses a variety of housing options, including single-family homes, townhomes, condos, cottages, and luxury estates. The real estate in WaterColor typically features a blend of traditional coastal architecture with modern amenities and high-end finishes. Many properties in WaterColor offer views of the Gulf of Mexico, coastal dune lakes, or lush natural surroundings. Residents of WaterColor enjoy access to a range of upscale amenities, such as private beach access, swimming pools, tennis courts, fitness facilities, restaurants, shops, and walking/biking trails. The community is known for its meticulously landscaped grounds, charming coastal design aesthetic, and family-friendly atmosphere. WaterColor real estate is highly sought after due to its prime location along the Emerald Coast, its resort-style living, and its proximity to a wide range of outdoor recreational opportunities.

One of the most popular communities provided by Gulf Life Real Estate

37

# of Listings

4

Avg # of Bedrooms

$1,244

Avg. $ / Sq.Ft.

$3,802,216

Med. List Price

Browse WATERCOLOR Real Estate Listings

All listings

$250,000 - $500,000

37 Properties Found. Page 1 of 3.

Rarely available on WaterColor's Beach Lane, this home offers an exceptional opportunity to own in one of 30A's most sought-after communities. Renovated in 2018, the residence blends timeless coastal style with a generous footprint designed for effortless beachfront living.

Thoughtfully designed and beautifully decorated, the home features expansive living and gathering spaces, along with five bedrooms to comfortably accommodate family and guests. Panoramic Gulf views are showcased throughout, anchoring the home in an elevated and truly exceptional beachfront setting. The layout is designed for both entertaining and everyday living, with multiple living areas that provide flexibility for hosting, relaxing, and extended stays. The five-bedroom configuration, including dual primary suites and a dedicated bunk room, allows for seamless accommodations for larger groups.

With its spacious design, direct access to the private deeded beach, and coveted location in WaterColor, this home offers a rare combination of scale, comfort, and true beachfront living.

Santa Rosa Beach

1942 E County Highway 30A

5 Beds

5 Baths

3,528 Sq.Ft.

$11,995,000

MLS#: 1001216

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.

Santa Rosa Beach

40 Chapman Oak Way

6 Beds

5 Baths

5,768 Sq.Ft.

$8,000,000

MLS#: 1006685

In WaterColor, the most compelling homes rarely announce themselves. They reveal their intention gradually, through proportion, material, and the quiet confidence of thoughtful design. At 565 East Royal Fern, that restraint is immediately evident. Built by Borges Brooks Builders and designed by TS Adams, the residence reads less like a vacation home and more like a carefully composed coastal compound, where architecture, craftsmanship, and livability were considered in equal measure.

The interiors are grounded in warmth and texture. Oak floors by Seashore Flooring run throughout, softening the scale of the home while complementing a restrained palette of whites and natural woods. Light moves easily across the living spaces, filtered through expansive openings and framed by subtle architectural details. Several furnishings were custom designed by the homeowner and executed by Amish craftsmen, introducing a quiet layer of authenticity that reinforces the home's tailored, intentional feel.

The kitchen is both sculptural and functional, centered around a waterfall island that anchors the space. Dome pendants add a clean architectural focal point, while a 60-inch Wolf range and Liebherr refrigerator elevate the appliance package without disrupting the home's understated tone. In the carriage house, quartz countertops and coordinated finishes continue the same level of detail, ensuring the secondary living spaces feel fully integrated with the main residence.

With eight bedrooms, including the private carriage house, the property lives as a true compound. The primary suite is positioned as a retreat, complete with a spa-style bathroom featuring a soaking tub, electric fireplace, dual closets, and direct access to a private patio. Guest accommodations are thoughtfully distributed, allowing for both privacy and flexibility when hosting extended family and visitors.

Construction details further distinguish the home. The slab is elevated and foam insulated, a deliberate structural decision that enhances stability and helps prevent floor movement over time. Real stone in the downstairs guest bathroom reinforces the emphasis on authentic materials, while EPAY decking across the outdoor living areas was selected for long-term durability in the coastal environment.

Outdoor spaces extend the architecture rather than compete with it. A resort-style pool and covered pavilion create layered gathering areas, allowing the home to transition naturally between quiet mornings and larger-scale entertaining.

At 565 East Royal Fern, the result is not simply scale, but composition. A WaterColor residence defined by intention, craftsmanship, and a quieter, more enduring interpretation of coastal luxury.

Santa Rosa Beach

565 E Royal Fern Way

10 Beds

7 Baths

6,550 Sq.Ft.

$7,499,000

MLS#: 999794

Situated in WaterColor's coveted Lake District, this exceptional six-bedroom, eight-bathroom residence defines coastal luxury at its finest. Professionally designed and offered fully furnished, the home delivers a seamless blend of sophistication, comfort, and proven rental appeal. Generating $388,479 in 2025 rental revenue with projections of $401,350 in 2026, this residence provides both a refined personal retreat and a strong investment opportunity. The open, airy floor plan was designed for both intimate gatherings and grand entertaining. Anchored by a gourmet kitchen with premium appliances, an oversized island, and custom cabinetry, the space flows effortlessly into the dining area and great room, where a fireplace, coffered ceilings, and designer finishes create a warm yet elevated atmosphere. Expansive glass doors dissolve the boundary between indoors and out, revealing a private outdoor sanctuary with a heated pool and hot tub, covered patio, and fully equipped summer kitchen, perfect for year-round entertaining.

All six bedrooms feature ensuite baths, offering privacy and comfort for guests and family alike. The second-level primary suite boasts a spa-inspired bathroom, private balcony, and expansive walk-in closet. This floor also includes an additional guest suite, a relaxed lounge area, and separate guest quarters complete with kitchenette, bath, and laundry ideal for extended visits.

Accessible via stairs or elevator, the third level features a charming bunk room, additional sitting areas, and extra sleeping accommodations, providing ample space for larger groups. Throughout the home, custom millwork, designer lighting, and curated finishes elevate every detail, reflecting meticulous craftsmanship and thoughtful design.

Ideally located near the WaterColor Beach Club, Camp WaterColor, scenic nature trails, and the boutiques and dining along 30A, this residence offers an unparalleled lifestyle. Whether enjoyed as a full-time home, a luxurious coastal getaway, or a high-performing investment property, 26 Rain Lily Lane stands as a true masterpiece of design, comfort, and coastal living.

Santa Rosa Beach

26 Rain Lily Lane

6 Beds

6 Baths

5,302 Sq.Ft.

$6,295,000

MLS#: 995996

Located in the heart of WaterColor and designed by architect Dawn Thurber, this corner-lot residence offers multiple porches with Gulf views from its four-story watchtower. Positioned across from the WaterColor Beach Club, the home spans more than 5,000 square feet and includes seven bedrooms, a private pool, and a carriage house. Recent updates feature an additional third-floor bathroom, refreshed flooring, and upgraded lighting. Additional details include a central vacuum system and floor-to-ceiling impact glass windows.

The main living and dining areas are located on the second floor, providing privacy and abundant natural light. The living room features soaring ceilings and French doors that open to generous covered outdoor spaces, creating seamless indoor-outdoor flow. A formal dining area and additional sitting spaces offer flexibility, while the kitchen is equipped with premium appliances, ample cabinetry, and a bar seating area.

Accommodations include suites on each floor and in the carriage house, along with a built-in bunk area. The private pool is positioned between the main house and carriage house, complemented by a wood-burning fireplace and outdoor kitchen. A spacious mudroom includes custom built-ins, two sets of washers and dryers, and a changing room for convenient pool and beach access.

WaterColor offers a wide range of amenities, including a beach club, fitness center, town center, tennis and pickleball courts, walking and biking trails, and a boathouse with access to the lake for paddle boarding and kayaking. The community is also conveniently located just minutes from the dining and entertainment options along Scenic 30A. Inquire today to schedule a private showing and experience all that WaterColor has to offer.

Santa Rosa Beach

81 Western Lake Drive

7 Beds

6 Baths

5,130 Sq.Ft.

$5,950,000

MLS#: 997564

New on site 3 days ago

#1008256

Santa Rosa Beach

41 Mist Flower Lane

6 Beds

6 Baths

4,985 Sq.Ft.

$5,595,000

MLS#: 1008256

Welcome to one of the finest homes in Watercolor! Built by the Coastal Elements team and designed at Q Interior Surfaces, this home embodies beach living at its finest. Featuring a beautiful open floor plan with French Oak flooring, Venetian plaster and white oak beams it is the quintessential Watercolor beach home. As you walk into the home you are greeted by a world class Chef's kitchen boasting custom cabinetry, an oversized island, professional appliances, & a butler pantry. From the kitchen you will be delighted with the open living and dining area with a fireplace which looks out to the fantastic backyard! There you are drawn to the pool, outdoor kitchen, firepit and closed-in porch (with a fireplace and TV). As you make your way to the 2nd floor you will be greeted by 2 additional bedrooms, an office/study and the Master Suite. Continue to the 3rd floor and you find the most impressive fun you can have in a home! Featuring 4 custom built-in adult size bunks, ping pong table, TV/sitting area, full bathroom and an additional "recreational" area this is just the icing on the cake!

Santa Rosa Beach

160 Royal Fern Way Way

5 Beds

6 Baths

5,129 Sq.Ft.

$5,495,000

MLS#: 991460

Perfectly positioned just three lots from the Gulf along one of WaterColor's most coveted streets, 105 Park Row Lane captures panoramic Gulf views, exceptional privacy, and direct access to the newly reimagined WaterColor Beach Club. Bordered by protected national forest, this exceptional residence offers a rare blend of refined coastal living and natural seclusion.

Recently refreshed with new interior paint, curated furnishings, and designer décor, the home is offered completely turnkey. Thoughtfully designed across three levels, the residence features four spacious bedrooms plus a sleeper sofa, while expansive second- and third-floor balconies frame sweeping Gulf vistas in one direction and tranquil forest views in the other. The light-filled main living area is designed for effortless entertaining, showcasing vaulted ceilings, custom millwork, designer lighting, and a seamless connection to the chef's kitchen, appointed with marble countertops, premium stainless-steel appliances, and an oversized island. Just beyond, the spacious balcony extends the living space with alfresco dining and a signature hanging daybed.

Just steps from the beach and WaterColor's premier amenities, 105 Park Row Lane presents a rare turnkey opportunity with exceptional rental potential, offering an effortless blend of luxury, location, and timeless appeal along Scenic Highway 30A.

Santa Rosa Beach

105 Park Row Lane

4 Beds

4 Baths

3,353 Sq.Ft.

$5,190,000

MLS#: 1006863

One of WaterColor's most coveted south-of-30A locations: offering Gulf views, a backdrop of Grayton Beach State Park and projected rental income of $426,670 annually.

Positioned along WaterColor's exclusive Park Row and bordering the serenity of Grayton Beach State Park, this gulf-front home delivers the rare combination of privacy, space and immediate access to the best of 30A. With sweeping views of both the gulf and Western Lake, this six-bedroom retreat is just steps from the Beach Club, Fish Out of Water and Town Center--yet tucked away enough to offer the quietude expected from a high-end coastal escape.

Designed with both elegance and ease in mind, the home unfolds across three thoughtfully planned levels. The open-concept main living area on the second floor features soaring ceilings, a custom Tabby fireplace and an expansive porch perfectly positioned to catch the gulf breeze and glowing sunsets. A chef's kitchen with Sub-Zero and Wolf appliances, premium finishes and seating for eleven offers the perfect backdrop for entertaining family or unwinding after a day on the sand.

Two luxurious primary suites -- one on the second floor and a more expansive one on the third -- each feature private porches, spa-inspired baths and direct gulf views. Four additional guest rooms provide ample space for large families or groups, with flexible sleeping arrangements, including bunks, twins and trundles. Additionally, the home includes a sand room for rinsing off after the beach and a two-car garage.

Outdoor living is equally considered, with large porches, gulf-facing balconies and a peaceful setting that backs up to preserved green space. Whether you're enjoying a sunset cocktail, walking to the Wine Bar or starting your day with a paddle on Western Lake, the home invites you to experience WaterColor at its most effortless and elevated.

With access to world-class amenities -- from the gulf-front pools of the Beach Club to Camp WaterColor, the BoatHouse, tennis center and miles of nature trails--this Park Row address is more than a beach house. It's a front-row seat to the very best of coastal life.

Santa Rosa Beach

93 Park Row Lane

5 Beds

6 Baths

3,551 Sq.Ft.

$4,850,000

MLS#: 791268

One of WaterColor's most coveted south-of-30A locations: offering Gulf views, a backdrop of Grayton Beach State Park and projected rental income of $426,670 annually.

Positioned along WaterColor's exclusive Park Row and bordering the serenity of Grayton Beach State Park, this gulf-front home delivers the rare combination of privacy, space and immediate access to the best of 30A. With sweeping views of both the gulf and Western Lake, this six-bedroom retreat is just steps from the Beach Club, Fish Out of Water and Town Center - yet tucked away enough to offer the quietude expected from a high-end coastal escape.

Santa Rosa Beach

93 Park Row Lane

6 Beds

5 Baths

3,551 Sq.Ft.

$4,850,000

MLS#: 1005346

#1006497

Santa Rosa Beach

1848 E County Highway 30A UNIT 8

3 Beds

3 Baths

2,560 Sq.Ft.

$4,750,000

MLS#: 1006497

21 Blackwater Street presents a rare opportunity to own one of 30A's most compelling waterfront residences--offered at an extraordinary value, approximately $800,000 below appraised value. Spanning 4,563 square feet across three thoughtfully designed levels, this six-bedroom, five-and-a-half-bathroom home blends refined architecture, sophisticated interiors, and an unparalleled connection to the natural beauty that defines the Emerald Coast.

From the moment you enter, a rich blend of maple and walnut cherry hardwood flooring, a striking glass-railed staircase, and expansive lake views establish a sense of understated elegance. The main living area is anchored by custom built-ins and framed by windows that capture the ever-changing scenery of Western Lake. Designed for both entertaining and everyday living, the chef's kitchen features an oversized island, a Viking range, built-in coffee system, premium Liebherr refrigerator, and generous gathering spaces that flow seamlessly to multiple porches overlooking the water.

The second-floor primary suite offers a private retreat with its own balcony, dual walk-in closets complete with custom cabinetry, a dedicated makeup vanity, and a spa-inspired bath featuring a soaking tub and separate shower room. Additional accommodations include spacious guest suites, a custom bunk room, a media room with built-ins, and a fitness room with wet bar, creating exceptional flexibility for hosting family and friends. Outdoor living is equally impressive. An intimate courtyard centered around a fireplace and fountain invites relaxed evenings beneath the stars, while oversized screened porches provide front-row views of one of South Walton's most treasured coastal dune lakes.

A two-car garage, abundant storage, and carefully curated design details throughout enhance both comfort and functionality. Just moments from WaterColor's celebrated amenities--including resort-style pools, nature trails, parks, and access to the Gulf--and within easy walking, biking, or golf cart distance of Seaside, acclaimed dining, boutique shopping, and the sugar-white beaches of 30A, this residence embodies the effortless luxury and coastal lifestyle for which the community is renowned. Short-term rentals are permitted, further enhancing the property's versatility and investment potential.

Santa Rosa Beach

21 Blackwater Street

6 Beds

5 Baths

4,563 Sq.Ft.

$4,695,000

MLS#: 1004623

Exceptional Gulf-View Residence in Prime WaterColor Location

Ideally situated just two blocks from the beach on a quiet street, this 5-bedroom, 5.5-bath WaterColor home offers rare elevated Gulf views, strong rental performance, and extensive recent upgrades. Positioned among the highest vantage points in the community, the property captures sweeping views of the Gulf, Seaside, and surrounding coastal landscape, highlighted by a rooftop deck designed for sunrise and sunset enjoyment.

The home features multiple indoor and outdoor living spaces, including expansive porches, a private rear deck with gas fire pit and grill, and a rooftop terrace with panoramic sightlines.

The kitchen is well-appointed with Sub-Zero refrigeration, Wolf appliances, an oversized island with seating, and custom cabinetry by Smallbone of England. Interiors were professionally designed by Beau Interiors and are offered furnished (with exclusions).

Recent improvements include new electrical throughout, new decking, recessed lighting, one new HVAC unit, new window treatments, new hot water heater, paved driveway, and updated marble surfaces in the kitchen.

The backyard faces toward Seaside and the Gulf, and a contractor has verified space for a potential pool installation. Located within close proximity to the Truman House and in one of WaterColor's most desirable rental areas, the property has generated approximately $175-200K annually in gross rental revenue over the past two years.

Buyer to verify all information and dimensions.

Santa Rosa Beach

146 Silver Laurel Way

5 Beds

5 Baths

3,972 Sq.Ft.

$4,599,000

MLS#: 787994

A rare opportunity in Phase 5 of WaterColor--this new construction by Romair marks their first build in the community in over six years, following a legacy of hundreds of homes built in the original WaterColor phases. Thoughtfully positioned on a preserve-backed homesite, this residence offers lasting privacy and a seamless connection to nature. Designed with entertaining in mind, the open-concept kitchen and living areas flow effortlessly to the outdoor pool and living space. The main level features 12-foot ceilings, a guest suite, while the primary suite overlooks the preserve and includes a private porch retreat. Upstairs, a spacious bonus/media room creates the perfect gathering space after long days at the beach. A true blend of craftsmanship, history, and lifestyle in one of 30A's most sought-after communities.

Santa Rosa Beach

202 Climbing Rose Way Way

5 Beds

5 Baths

5,020 Sq.Ft.

$4,495,000

MLS#: 1002676

This five bedroom custom-built coastal compound does more than welcome you home -- it creates a legacy.
This home was custom designed by Romair Development Group and its one-of-a-kind finishes throughout make it one of the standouts in all of Watercolor!
An indoor fireplace centers the great room with warmth and style, while the open-concept design leads to a dream kitchen with Sub-Zero appliances and an inviting dining area made for weekend gatherings.
Three luxury primary suites offer guests resort-style comfort and privacy, while a seperate bunk room gives children a fun and inviting space of their own.
An enclosed office with cascading natural light creates a private retreat for work, study, or quiet focus. The home blends sophisticated technology with effortless comfort, featuring a Control4 smart home system and automated lighting throughout.
Just beyond the doors, the outdoor living takes center stage! A shimmering, heated pool invites long afternoons in the sun, while a private cabana, fireplace, and television set the scene for relaxed evenings year-round. The outdoor living goes beyond again with an extraordinary kitchen that sets the stage for year-round entertaining, while spacious porches surround the home with large-screen TVs, swing beds, and beautifully designed areas for relaxing and gathering.
Behind the home, a protected nature preserve wraps the property in peaceful quietude and delivers a rare sense of privacy. Offered fully furnished, this extraordinary residence delivers a rare opportunity to own in WaterColor, one of 30A's most desirable communities. Don't miss the chance to make it yours.

Santa Rosa Beach

514 E Royal Fern Way

5 Beds

5 Baths

4,263 Sq.Ft.

$4,489,000

MLS#: 1006733

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