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$8,000,000

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 soaring 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.

6 Beds ⋅ 5 Baths ⋅ 1006685 MLS

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 soaring 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.

40 Chapman Oak Way, Santa Rosa Beach

$4,485,000

Some homes are admired for their architecture. Others for their location. The exceptional are remembered for both. Nestled on a coveted corner homesite along one of Watercolor's most desirable streets, 109 Dandelion Drive captures the timeless coastal charm that made Phase I the heart of this iconic community. Thoughtfully remodeled and refreshed by Owens Design Group, this five-bedroom, four-bath residence blends classic Southern architecture with sophisticated interiors, creating a home that feels both elegant and effortlessly welcoming. Life here unfolds at an easy pace. Morning coffee on the porch, afternoons at the Beach Club or on the tennis courts, Seaside just a short stroll from your front door, and evenings spent gathering with family and friends in warm, inviting living spaces. The thoughtfully designed floor plan offers a private first-floor guest suite with its own screened porch, while the spacious primary suite provides a peaceful sanctuary with a luxurious bath and private balcony. Just as rare is the opportunity waiting beyond the home's walls. The generous homesite offers ample room to create an exceptional outdoor living experience with a private pool, summer kitchen, and inviting spaces for entertaining or simply relaxing beneath the coastal sky--a feature seldom found in Watercolor's original Phase I. Perfectly positioned across from the Tennis Center and the new Fitness Center, and just moments from Camp Watercolor, the Beach Club, community pools,

5 Beds ⋅ 4 Baths ⋅ 1002970 MLS

Some homes are admired for their architecture. Others for their location. The exceptional are remembered for both. Nestled on a coveted corner homesite along one of Watercolor's most desirable streets, 109 Dandelion Drive captures the timeless coastal charm that made Phase I the heart of this iconic community. Thoughtfully remodeled and refreshed by Owens Design Group, this five-bedroom, four-bath residence blends classic Southern architecture with sophisticated interiors, creating a home that feels both elegant and effortlessly welcoming. Life here unfolds at an easy pace. Morning coffee on the porch, afternoons at the Beach Club or on the tennis courts, Seaside just a short stroll from your front door, and evenings spent gathering with family and friends in warm, inviting living spaces. The thoughtfully designed floor plan offers a private first-floor guest suite with its own screened porch, while the spacious primary suite provides a peaceful sanctuary with a luxurious bath and private balcony. Just as rare is the opportunity waiting beyond the home's walls. The generous homesite offers ample room to create an exceptional outdoor living experience with a private pool, summer kitchen, and inviting spaces for entertaining or simply relaxing beneath the coastal sky--a feature seldom found in Watercolor's original Phase I. Perfectly positioned across from the Tennis Center and the new Fitness Center, and just moments from Camp Watercolor, the Beach Club, community pools,

109 Dandelion Dr, Santa Rosa Beach

$6,295,000

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.

6 Beds ⋅ 8 Baths ⋅ 995996 MLS

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.

26 Rain Lily Ln, Santa Rosa Beach

$2,575,000

Discover the perfect blend of luxury, location, and lifestyle at 379 E. Royal Fern Way in WaterColor, Florida. This 4-bedroom, 4-bathroom home plus bunk room spans nearly 3,000 square feet on a 0.15-acre lot backing up to tranquil green space, creating privacy and peaceful views just moments from the beach. Step inside to soaring 10-foot ceilings and hardwood floors throughout, paired with marble kitchen countertops and granite baths for timeless elegance. The main living area is freshly painted and styled with new designer furnishings (included in the sale), while a front sitting room with TV and a second-floor living area provide multiple gathering spaces. Enjoy a true WaterColor lifestyle with expansive porches on three sides of the home. A welcoming front porch sets the tone, while the primary suite opens to a private second-floor porch overlooking the street. The screened-in back porch wraps the full length of the home and offers serene green space views ideal for morning coffee or evening gatherings. From this prime Phase 4 location, you're a short bike or golf cart ride to Seaside, WaterColor Beach Club, Camp WaterColor, and local dining and shopping. Owners enjoy exclusive access to the WaterColor Beach Club with gulf-front pools, cabanas, and dining at Fish Out of Water. Camp WaterColor featuring a lazy river, waterslide, and kids' pools. The BoatHouse on Western Lake with paddleboards, kayaks, and lakefront recreation. Parks, green spaces, tennis & pickleball courts, and fitness center This rental-friendly property is perfect as a primary residence, second home, or investment property. The home also offers a carport plus additional parking for 4 vehicles, ensuring plenty of space for family and guests. With Nearly 3,000 sq ft of flexible living space, sold Fully furnished and move-in ready, Multiple porches and outdoor living areas, Access to 30A's premier resort amenities and Strong short-term rental income potential 379 E. Royal Fern Way is more than a house it's a gateway to the WaterColor lifestyle on Scenic Highway 30A, where sugar-white sands, turquoise waters, and a vibrant coastal community await.

4 Beds ⋅ 4 Baths ⋅ 986023 MLS

Discover the perfect blend of luxury, location, and lifestyle at 379 E. Royal Fern Way in WaterColor, Florida. This 4-bedroom, 4-bathroom home plus bunk room spans nearly 3,000 square feet on a 0.15-acre lot backing up to tranquil green space, creating privacy and peaceful views just moments from the beach. Step inside to soaring 10-foot ceilings and hardwood floors throughout, paired with marble kitchen countertops and granite baths for timeless elegance. The main living area is freshly painted and styled with new designer furnishings (included in the sale), while a front sitting room with TV and a second-floor living area provide multiple gathering spaces. Enjoy a true WaterColor lifestyle with expansive porches on three sides of the home. A welcoming front porch sets the tone, while the primary suite opens to a private second-floor porch overlooking the street. The screened-in back porch wraps the full length of the home and offers serene green space views ideal for morning coffee or evening gatherings. From this prime Phase 4 location, you're a short bike or golf cart ride to Seaside, WaterColor Beach Club, Camp WaterColor, and local dining and shopping. Owners enjoy exclusive access to the WaterColor Beach Club with gulf-front pools, cabanas, and dining at Fish Out of Water. Camp WaterColor featuring a lazy river, waterslide, and kids' pools. The BoatHouse on Western Lake with paddleboards, kayaks, and lakefront recreation. Parks, green spaces, tennis & pickleball courts, and fitness center This rental-friendly property is perfect as a primary residence, second home, or investment property. The home also offers a carport plus additional parking for 4 vehicles, ensuring plenty of space for family and guests. With Nearly 3,000 sq ft of flexible living space, sold Fully furnished and move-in ready, Multiple porches and outdoor living areas, Access to 30A's premier resort amenities and Strong short-term rental income potential 379 E. Royal Fern Way is more than a house it's a gateway to the WaterColor lifestyle on Scenic Highway 30A, where sugar-white sands, turquoise waters, and a vibrant coastal community await.

379 E Royal Fern Way, Santa Rosa Beach