30A · Community
WaterColor Homes for Sale
An Arvida-developed resort community on 499 acres around Western Lake, one of 30A's coastal dune lakes, built around the WaterColor Inn and a community boathouse.
Updated
- Short-Term Rental Eligible
Short-term rentals: allowed. Confirm the current minimum stay and registration with the association.
Living in WaterColor
WaterColor was developed by Arvida on approximately 499 acres in south Walton County, and its plan centers on Western Lake, a coastal dune lake that separates the community's beachfront section from its inland streets. The WaterColor Inn anchors the town's Gulf-front hospitality core, and a community boathouse on Western Lake gives owners canoe and kayak access onto the lake itself rather than only the Gulf. Camp WaterColor runs seasonal recreation programming, and the WaterColor Town Center adds shops and restaurants a short walk from the beach. Because Western Lake threads through the middle of the plan, WaterColor's homesites split cleanly into three types: Gulf-front and Gulf-view cottages along the dune line, lake-facing homes that look out over Western Lake instead of the Gulf, and inland streets set back from both. The lake itself periodically breaches to the Gulf like the corridor's other dune lakes, and paddling it from the boathouse is one of the few ways on 30A to see the beach dune line from the water rather than the sand. Cerulean Park spreads a formal green near the Town Center, and Grayton Beach State Park sits nearby, its preserved dunes and pine flatwoods an easy bike ride from the community's paths. The WaterColor Inn's restaurants and beachfront hospitality also give the community a layer that purely residential 30A neighborhoods do not carry.
HOA & Fees
What is the HOA fee at WaterColor?
As of November 11, 2026, WaterColor homes for sale that report a fee on the MLS list these HOA fees:
- Single-family homes: $503 to $903 a month, median $630 (20 listings)
- Condos: $1,863 to $3,295 a month, median $2,056 (4 listings)
Fees vary by home type and section. Some homes also belong to a sub-association for their section, and a listing's fee may cover only one association, so confirm every association a home belongs to and what each one charges.
Based on 24 active MLS listings that report an HOA fee. Fees billed quarterly, twice a year or yearly are shown as a monthly equivalent.
- WaterColor Inn beachfront hotel
- Boathouse on Western Lake
- Camp WaterColor recreation program
- Cerulean Park green
Live Inventory
Homes for Sale in WaterColor
26
Active Listings
$3.79M
Median List Price
$1,295
Avg Price / Sqft
Live from today's WaterColor MLS file. This count covers condos, townhomes and single-family homes only, the same dwelling basis the market page uses, so lots and land are left out. The median and $/sq ft beside it cover the same 26 listings.

$3,000,000
370 Spartina Circle
Santa Rosa Beach, FL 32459

$2,995,000
13 Lake District Lane
Santa Rosa Beach, FL 32459

$1,995,000
11 Watercolor Boulevard Unit 301
Santa Rosa Beach, FL 32459

$3,790,000
202 Climbing Rose Way
Santa Rosa Beach, FL 32459

$2,390,000
231 Wisteria Way
Santa Rosa Beach, FL 32459

$3,400,000
204 Spartina Circle
Santa Rosa Beach, FL 32459

$5,375,000
668 Royal Fern Way
Santa Rosa Beach, FL 32459

$4,479,000
146 Silver Laurel Way
Santa Rosa Beach, FL 32459

$5,295,000
109 Bluejack Street
Santa Rosa Beach, FL 32459

$4,599,000
105 Park Row Lane
Santa Rosa Beach, FL 32459

$3,100,000
367 Royal Fern Way
Santa Rosa Beach, FL 32459

$2,395,000
114 Sunset Ridge Lane
Santa Rosa Beach, FL 32459

$4,795,000
Lot 12 Climbing Rose Way
Santa Rosa Beach, FL 32459

$2,199,000
18 Lyonia Lane
Santa Rosa Beach, FL 32459

$3,295,000
36 Thicket Circle Cir
Santa Rosa Beach, FL 32459

$1,694,990
1785 Western Lake Highway Unit 101
Santa Rosa Beach, FL 32459

$4,489,000
514 Royal Fern Way
Santa Rosa Beach, FL 32459

$8,000,000
40 Chapman Oak Way
Santa Rosa Beach, FL 32459

$4,750,000
1848 County Highway 30A Unit 8
Santa Rosa Beach, FL 32459

$10,999,000
1942 County Highway 30A
Santa Rosa Beach, FL 32459

$1,695,000
1660 County Highway 30A Unit 101
Santa Rosa Beach, FL 32459

$6,999,000
565 Royal Fern Way
Santa Rosa Beach, FL 32459

$2,422,000
30 Tall Timber Court
Santa Rosa Beach, FL 32459

$3,794,999
52 Sunset Ridge Lane
Santa Rosa Beach, FL 32459
The short-term rental badge above is not a permission of record. It reflects the MLS short-term-rental field where a listing discloses one, and otherwise where the home sits. Confirm the association's current rules and the local registration requirement before relying on it.
Neighborhood Data
WaterColor at a Glance
1,650
Properties
$993K
Median Home Value
90%
Second Homes / Seasonal
Source: LiveBy, via the U.S. Census Bureau American Community Survey 2023. Figures are area estimates for general market context.
Demographic information is provided for general informational purposes only and must not be used to make housing decisions on the basis of race, color, religion, sex, familial status, national origin, disability, or any other protected class. Dream Destin Realty supports the Fair Housing Act and equal-opportunity housing.
Local Answers
WaterColor FAQ
How much is the HOA fee at WaterColor?
As of November 11, 2026, WaterColor homes for sale that report a fee on the MLS list these HOA fees: single-family homes, $503 to $903 a month, median $630 (20 listings); condos, $1,863 to $3,295 a month, median $2,056 (4 listings). Fees vary by home type and section. Some homes also belong to a sub-association for their section, and a listing's fee may cover only one association, so confirm every association a home belongs to and what each one charges.
What is Western Lake at WaterColor?
A coastal dune lake that runs through the middle of the community, separating the Gulf-front section from the inland streets. WaterColor's boathouse puts canoes and kayaks directly on the lake, a rare amenity most beach communities cannot offer.
Is the WaterColor Inn open to the public or owners only?
The Inn operates as a public resort hotel with restaurants and its own beachfront, so owners live alongside a working hospitality operation rather than a purely residential community, a trade-off some buyers want and others avoid.
How close is WaterColor to Grayton Beach State Park?
Close - the county's visitor guidance points WaterColor visitors to the park as a nearby ride, and its preserved dunes, pine flatwoods, and Western Lake shoreline are an easy bike trip from the community's paths.
Do WaterColor homes operate as vacation rentals?
Many do - rental use is an established part of the community - but the posture is not uniform: listing disclosures record rental restrictions in some sections, so treat covenants as street-level facts and verify the specific home's recorded rules during diligence before underwriting any rental plan.
Explore the Area
Other 30A Neighborhoods
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Condo Buildings in This Market
Sources
- Grayton Beach State Park, Florida State Parks (accessed August 18, 2026)
- The St. Joe Company 2001 Form 10-K, SEC EDGAR (accessed August 18, 2026)
- Visit South Walton: First Timer's Guide to WaterColor (accessed August 18, 2026)
- WaterColor Inn and Resort (accessed August 18, 2026)
WaterColor Market Analytics
Sale prices, trends, days on market, and inventory - refreshed monthly from MLS data.
Thinking about WaterColor?
Covenants, rental rules, resale history - get the neighborhood file from agents who work it.
