Homes in WaterColor FL Phase One

Laden with amenities, homes in WaterColor Phase One were designed to take full advantage of both the beachfront location and additional properties overlooking Western Lake. Real estate in Watercolor Phase one includes both commercial and residential, upscale single-family homes and condos. WaterColor's Private Residence Club offers options for fractional condo ownership. Read more

WaterColor's Phase One Communities: Beach Lane, The Cottage District, The Lake District, Park Row, Rainbow Row, Rose Garden Mews, Sunrise Ridge, Sunset Ridge, Tennis District and Town Center. WaterColor real estate in Phase Two, Three and Four also offer some exciting options.

View listings for homes and condos for sale in WaterColor Phase One, or view other beachside real estate along the Scenic 30A corridor.

Watercolor Phase One Real Estate

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Watercolor Phase One Real Estate - Market Stats

Watercolor Phase One sales data is provided by the Emerald Coast Association of Realtors and reflects 12 months of sales data.

  # Listings Avg. DOM Avg. Price Highest Price Lowest Price Avg. Price/SqFt Highest Price/SqFt Lowest Price/SqFt
Active 16 155 $3,660,562 $6,600,000 $1,350,000 $1,263 $1,640 $994
Sold (Last Year) 24 321 $3,697,917 $6,650,000 $1,540,000 $1,244 $1,801 $944

Last Year Sales By Month

Highest Sales by Month

May 2023 - 47 Western Lake Drive, Santa Rosa Beach, FL
Sold
47 Western Lake Drive, Santa Rosa Beach
Enviably situated at the intersection of 30A and Western Lake Drive, this desirable WaterColor residence includes a two-car garage with carriage house accommodations and an idyllic private pool with a shady cabana. This elegant home has been beautifully...

Detached Single Family

5 Beds
7 Baths
3,852 SqFt
View Details
Jun 2023 - 1848 E County Highway 30a 4, Santa Rosa Beach, FL
Sold
1848 E County Highway 30a 4, Santa Rosa Beach
Enjoy all the exclusive benefits of WaterColor living from this magnificent gulf-view condo. Beautifully remodeled, it has new wood flooring and fresh decor along with new windows and doors recently replaced by the HOA. The sun-kissed living room has a...

Condominium

3 Beds
4 Baths
2,416 SqFt
View Details
Jul 2023 - 73 Western Lake Drive, Santa Rosa Beach, FL
Sold
73 Western Lake Drive, Santa Rosa Beach
Welcome to 73 Western Lake Drive where coastal luxury meets unrivaled sophistication. Primely located in Phase I of Watercolor along Scenic Highway 30A, this meticulously crafted and designed home boasts 5 bedrooms & 6 baths, including a detached carriage...

Detached Single Family

5 Beds
6 Baths
4,422 SqFt
View Details
Aug 2023 - 225 Western Lake Drive, Santa Rosa Beach, FL
Sold
225 Western Lake Drive, Santa Rosa Beach
Timeless elegance and luxury await inside this magnificent home and carriage house in beloved WaterColor. Cool whites harmonize with driftwood-finished hardwood flooring while artwork reflects the coastal ambiance embodied in each carefully curated space....

Detached Single Family

7 Beds
8 Baths
5,521 SqFt
View Details
Sep 2023 - 1735 E Co Highway 30-a Unit 205, Santa Rosa Beach, FL
Sold
1735 E Co Highway 30-a Unit 205, Santa Rosa Beach
You can't get any closer to everything that Watercolor has to offer than this recently updated condo above Wine World. Short distance to the Beach Club, shopping, dining, tennis, and the bike trail. Completely updated kitchen, new flooring, paint and...

Condominium

2 Beds
2 Baths
1,296 SqFt
View Details
Oct 2023 - 13 Dandelion Drive, Santa Rosa Beach, FL
Sold
13 Dandelion Drive, Santa Rosa Beach
Located in the coveted community of WaterColor, this breathtaking home offers a prime location nestled on Western Lake with calming views of the lake and landscape from all three levels. The elegant entry takes your eye through the home to the lake as you...

Detached Single Family

6 Beds
6 Baths
5,104 SqFt
View Details
Nov 2023 - 16 Natchez Street, Santa Rosa Beach, FL
Sold
16 Natchez Street, Santa Rosa Beach
Sitting prominently at the entrance to Natchez Street, Propinquity is just steps away from beach. The front porch encompasses the full width of the house and is defined by the stout columns. Step inside the foyer and the unique personality of this...

Detached Single Family

4 Beds
4 Baths
2,138 SqFt
View Details
Dec 2023 - 27 Lyonia Lane, Santa Rosa Beach, FL
Sold
27 Lyonia Lane, Santa Rosa Beach
Under contract with a Kickout Clause. Nestled within the renowned Watercolor Phase I, this captivating Florida cottage is embraced by serene wooded surroundings and offers the potential for seamlessly expanding its living space to accommodate additional...

Detached Single Family

2 Beds
2 Baths
1,262 SqFt
View Details
Feb 2024 - 332 Western Lake Drive, Santa Rosa Beach, FL
Sold
332 Western Lake Drive, Santa Rosa Beach
Located on the coveted stretch of Western Lake Drive, this beautiful Watercolor home is perfectly appointed in Old Florida charm. Ideal for a large family or guests up to fourteen people, the homeowners added a carriage house by adjoining it to the...

Detached Single Family

6 Beds
7 Baths
3,922 SqFt
View Details
Mar 2024 - 409 Western Lake Drive, Santa Rosa Beach, FL
Sold
409 Western Lake Drive, Santa Rosa Beach
Nestled among nature, on a prime site directly overlooking the lake within the coveted Phase 1 Park District of Watercolor, Florida. This large residence stands as the embodiment of the coastal dune lake lifestyle, touting the ultimate in outdoor living...

Detached Single Family

8 Beds
9 Baths
5,656 SqFt
View Details
Apr 2024 - 890 Western Lake Drive, Santa Rosa Beach, FL
Sold
890 Western Lake Drive, Santa Rosa Beach
Indulge in coastal bliss with 890 Western Lake Dr., a meticulously remodeled haven tailored for 2024. Nestled in the highly sought-after phase one of Watercolor, this gem sits amidst the allure of tennis courts and convenient Seaside cut-throughs. Step...

Detached Single Family

5 Beds
6 Baths
3,658 SqFt
View Details
May 2024 - 83 Mystic Cobalt Street, Santa Rosa Beach, FL
Sold
83 Mystic Cobalt Street, Santa Rosa Beach
This classic one story 3 bedroom 3 bathroom Watercolor cottage is ideally located in the very front of Phase I, and is just a short stroll to the beach and newly revamped beach club. The home boasts an inviting front porch, ideal for savoring your morning...

Detached Single Family

3 Beds
3 Baths
1,670 SqFt
View Details

Watercolor Phase One Amenities

This phase targets boaters, those who love to fish, and anyone desiring a home with proximity to the water. Perfect for active adults, this location also boasts the Tennis Center, Beach Club, Watercolor Inn, Watercolor Workout, the Town Center, Bike Barn, Boat House and several parks, including Marina Park with amphitheater. Cerulean Park is home to the popular WaterColor Coastal Farmer's Market. Residents of WaterColor's Phase one are in the hub of this vibrant seaside community

Watercolor FL beachclub in Phase 1

We'd be happy to show you around WaterColor to view real estate in all the various phases. Please don't hesitate to contact us or (850) 325-0004 for more information.

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