Live the Gulf Life on Florida’s Emerald Coast
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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
46
# of Listings
4
Avg # of Bedrooms
$41,998
Avg. $ / Sq.Ft.
$3,242,073
Med. List Price

Browse WATERCOLOR Real Estate Listings

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Under $250,000

$250,000 - $500,000

$500,000 - $1M

$1M - $3M

$3M - $5M

Over $5M

7 Properties Found. Page 1 of 1.

New on site 2 days ago
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.
#999794

Santa Rosa Beach

565 E Royal Fern Way

10 Beds

7 Baths

6,550 Sq.Ft.

$7,999,000

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.
#995996

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.
#997564

Santa Rosa Beach

81 Western Lake Drive

7 Beds

6 Baths

5,130 Sq.Ft.

$5,950,000

MLS#: 997564

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!
#991460

Santa Rosa Beach

160 Royal Fern Way Way

5 Beds

6 Baths

5,129 Sq.Ft.

$5,895,000

MLS#: 991460

Set on one of the final remaining homesites in WaterColor, this thoughtfully designed new construction offers a rare opportunity to own a legacy home in the heart of Phase 3. Built by Borges Brooks Builders and curated by Kalon Home, every detail has been considered to deliver timeless coastal architecture with elevated, modern livability. Spanning approximately 4,450 square feet, the residence features six bedrooms, six full baths, and one half bath, thoughtfully arranged across three levels. The main living level welcomes you with a bright, open floor plan where the kitchen, dining, and living spaces flow seamlessly, creating an ideal setting for both everyday living and entertaining. Custom cabinetry, carefully selected finishes, and refined architectural influences reflect Kalon Home's signature aesthetic, striking the perfect balance between warmth and sophistication. The home's layout offers exceptional flexibility, including multiple guest suites, a private owner's retreat, and additional living spaces designed for gathering and relaxation. Covered porches and balconies extend the living areas outdoors, inviting you to enjoy WaterColor's tree-lined streets and coastal breezes. Overlooking Long Leaf Park, this homesite enjoys close proximity to WaterColor's renowned amenities, including pools, tennis and pickleball courts, playgrounds, nature trails, and deeded beach access at the Watercolor Beach Club. The home also allows for short-term rentals, making it equally well-suited as a primary residence, second home, or investment property. With limited opportunities remaining to build new in WaterColor, 82 Inkberry Street stands apart as a rare offering where premier construction, elevated design, and an iconic coastal community come together. Estimated Completion: EOY 2026
#991633

Santa Rosa Beach

82 Inkberry Street

6 Beds

6 Baths

4,450 Sq.Ft.

$5,850,000

MLS#: 991633

$400K PRICE IMPROVEMENT AND THE ONLY HOME AVAILABLE SOUTH OF 30A IN WATERCOLOR: 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.
#772070

Santa Rosa Beach

93 Park Row Lane

6 Beds

5 Baths

3,551 Sq.Ft.

$5,250,000

MLS#: 772070

$400k PRICE IMPROVEMENT AND THE ONLY HOME AVAILABLE SOUTH OF 30A IN WATERCOLOR: 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 trailsthis Park Row address is more than a beach house. It's a front-row seat to the very best of coastal life.
#974047

Santa Rosa Beach

93 Park Row Lane

6 Beds

5 Baths

3,551 Sq.Ft.

$5,250,000

MLS#: 974047

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