30A · Community Market Report
WaterColor
Every number a buyer, seller, or investor needs on one community: live inventory, closed-sale history, and the area around it - refreshed monthly from MLS data.
Inventory updated daily · Sale statistics updated September 27, 2026 · Next statistics update early October 2026
How WaterColor is trading
82 homes closed in WaterColor in the trailing 12 months at a median of $2,883,750, with a 96.6% median list-to-sale ratio. On the active side, 9 of 23 listings sit below original list price, and standing inventory works out to 3.4 months of supply at the current sales pace.
The number that matters most in a WaterColor sale is where the lot sits relative to Western Lake. Gulf-front and Gulf-view rows on the dune line, lake-facing homes across the water, and the inland phases behind them trade in different price worlds, and the community's unusually deep sample means each tier posts enough closings to be read on its own. Treat the community-wide median as a mix report rather than a price: it rises and falls with which tier happened to trade. Bedroom counts run large across all phases, so per-square-foot comparisons travel between tiers better than whole-home prices do, and supply here runs deep enough that a patient buyer can usually compare several homes inside a single tier before writing anything.
Year-over-year figures compare the 12 complete calendar months from September 2025 through August 2026 with the 12 before them. That window can differ from the trailing totals above, which run day-precise through September 27, 2026 rather than by whole calendar months.
| Period | Value |
|---|---|
| 2021 | $3.5M |
| 2022 | $3M |
| 2023 | $3.35M |
| 2024 | $3.17M |
| 2025 | $3.08M |
| 2026 YTD | $2.9M |
| Period | Value |
|---|---|
| 2021 | $969 |
| 2022 | $1,131 |
| 2023 | $1,118 |
| 2024 | $1,079 |
| 2025 | $992 |
| 2026 YTD | $998 |
| Period | Value |
|---|---|
| Sep 24 | 3 |
| Oct 24 | 5 |
| Nov 24 | 3 |
| Dec 24 | 3 |
| Jan 25 | 5 |
| Feb 25 | 4 |
| Mar 25 | 10 |
| Apr 25 | 3 |
| May 25 | 2 |
| Jun 25 | 5 |
| Jul 25 | 7 |
| Aug 25 | 6 |
| Sep 25 | 7 |
| Oct 25 | 10 |
| Nov 25 | 7 |
| Dec 25 | 7 |
| Jan 26 | 4 |
| Feb 26 | 10 |
| Mar 26 | 9 |
| Apr 26 | 10 |
| May 26 | 6 |
| Jun 26 | 5 |
| Jul 26 | 9 |
| Aug 26 | 3 |
| Period | Value |
|---|---|
| Sep 24 | $2.47M |
| Oct 24 | $2.23M |
| Nov 24 | $3.38M |
| Dec 24 | $3.03M |
| Jan 25 | $3.59M |
| Feb 25 | $3.97M |
| Mar 25 | $3.65M |
| Apr 25 | $2.74M |
| May 25 | Sample too small |
| Jun 25 | $3.22M |
| Jul 25 | $2.5M |
| Aug 25 | $3.41M |
| Sep 25 | $3M |
| Oct 25 | $2.78M |
| Nov 25 | $3.1M |
| Dec 25 | $3.15M |
| Jan 26 | $3.91M |
| Feb 26 | $2.85M |
| Mar 26 | $3.3M |
| Apr 26 | $2.83M |
| May 26 | $2.75M |
| Jun 26 | $3.5M |
| Jul 26 | $2.8M |
| Aug 26 | $3.9M |
The monthly charts cover the 24 complete calendar months from September 2024 through August 2026, and a month with no closings is a zero bar rather than a gap. Their last 12 months are the window the year-over-year figures compare.
Based on information from ECAR for the period September 28, 2021 through September 27, 2026.
From the active file
23 homes are on the market in WaterColor today - a sample of the current file:
$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
$5,395,000
81 Western Lake Drive
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.
The investor file
| Typical acquisition (median, 12 mo) | $2,883,750 |
|---|---|
| Middle-half range (25th-75th pct, 142 sales / 24 mo) | $2,515,250 - $3,723,750 |
| Median price, 2021 to 2026 | -17.1% ($3,500,000 to $2,900,000) |
| Average sale price (12 mo) | $3,277,583 |
| Sales volume, trailing 12 months | $268,761,800 |
| Sale price range, trailing 12 months | $1,250,000 - $9,750,000 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 2 BR | 3 | 3 | $1,600,000 |
| 3 BR | 3 | 15 | $2,450,000 |
| 4 BR | 4 | 27 | $2,799,000 |
| 5 BR | 7 | 29 | $3,750,000 |
| 6 BR | 4 | 6 | $4,665,000 |
| 7 BR | 1 | 1 | Sample too small |
| 10 BR | 1 | 0 | Sample too small |
1 of the trailing-12 closings does not carry a recorded bedroom count and cannot appear in these rows.
Based on information from ECAR for the period September 28, 2021 through September 27, 2026.
Rental rules on the MLS today: 23 of 23 active listings disclose“Short Term Rental - Allowed”. Always verify current rules with the association or county before purchasing with rental income in mind.
The area: Watercolor
WaterColor sits in or beside the Watercolor Census neighborhood - the figures below describe that area, not WaterColor alone.
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.
Reading this file
Where do these numbers come from?
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty and refreshed on a 30-day cycle. Based on information from ECAR for the period September 28, 2021 through September 27, 2026. Neighborhood figures are LiveBy area estimates built on the U.S. Census American Community Survey.
Why is there no list of individual sold homes?
82 homes closed in WaterColor in the trailing 12 months, from $1,250,000 to $9,750,000. MLS rules do not allow individual sold listings to be displayed publicly, so this page shows area-level statistics only - ask us for the street-by-street sold review and we'll walk you through it.
How are thin samples handled?
Any figure computed from fewer than three sales is withheld rather than published - a one-sale “median” is just that sale's price. Counts always show; prices earn their way onto the page.
Thinking about buying or selling in WaterColor?
We track this community's sales, inventory, and rules every month - get the full picture before you commit.
- MLS market data (ECAR) - updated September 27, 2026
- Neighborhood data (LiveBy / U.S. Census ACS) - updated September 27, 2026
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty.
Market statistics on this page are provided for informational purposes only. Information is deemed reliable but not guaranteed, and figures are not a guarantee of future market performance. These figures are not tax, legal, or investment advice; consult the appropriate licensed professional before making a financial decision. Data as of September 27, 2026.
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)