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Dream Destin Realty

30A ยท 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.

  • STR-friendly

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 October 30, 2026, WaterColor homes for sale that report a fee on the MLS list these HOA fees:

  • Single-family homes: $417 to $903 a month, median $613 (19 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 23 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

25

Active Listings

$3.8M

Median List Price

$1,277

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 25 listings.

NewLuxuryShort-term rental potential

$1,995,000

11 Watercolor Boulevard Unit 301

Santa Rosa Beach, FL 32459

2 bd 2 ba 1,320 sqft
NewLuxuryShort-term rental potential

$3,790,000

202 Climbing Rose Way

Santa Rosa Beach, FL 32459

5 bd 5.5 ba 5,020 sqft
LuxuryShort-term rental potential

$3,495,000

114 Pine Needle Way

Santa Rosa Beach, FL 32459

6 bd 6.5 ba 4,552 sqft
LuxuryShort-term rental potential

$2,390,000

231 Wisteria Way

Santa Rosa Beach, FL 32459

4 bd 4.5 ba 2,641 sqft
NewLuxuryShort-term rental potential

$3,295,000

204 Spartina Circle

Santa Rosa Beach, FL 32459

3 bd 4 ba 2,599 sqft
LuxuryShort-term rental potential

$5,375,000

668 Royal Fern Way

Santa Rosa Beach, FL 32459

6 bd 7.5 ba 5,460 sqft
Price ReducedLuxuryShort-term rental potential

$4,479,000

146 Silver Laurel Way

Santa Rosa Beach, FL 32459

5 bd 5.5 ba 3,972 sqft
NewLuxuryShort-term rental potential

$5,295,000

109 Bluejack Street

Santa Rosa Beach, FL 32459

6 bd 5.5 ba 3,425 sqft
LuxuryShort-term rental potential

$4,599,000

105 Park Row Lane

Santa Rosa Beach, FL 32459

4 bd 4 ba 3,353 sqft
LuxuryShort-term rental potential

$3,100,000

367 Royal Fern Way

Santa Rosa Beach, FL 32459

4 bd 4.5 ba 3,327 sqft
Price ReducedLuxuryShort-term rental potential

$2,395,000

114 Sunset Ridge Lane

Santa Rosa Beach, FL 32459

2 bd 2.5 ba 1,732 sqft
LuxuryShort-term rental potential

$4,795,000

Lot 12 Climbing Rose Way

Santa Rosa Beach, FL 32459

5 bd 5.5 ba 4,353 sqft
LuxuryShort-term rental potential

$3,295,000

36 Thicket Circle Cir

Santa Rosa Beach, FL 32459

4 bd 4.5 ba 2,393 sqft
NewLuxuryShort-term rental potential

$1,695,000

1785 Western Lake Highway Unit 101

Santa Rosa Beach, FL 32459

2 bd 2.5 ba 1,331 sqft
LuxuryShort-term rental potential

$4,489,000

514 Royal Fern Way

Santa Rosa Beach, FL 32459

5 bd 5.5 ba 4,263 sqft
LuxuryShort-term rental potential

$8,000,000

40 Chapman Oak Way

Santa Rosa Beach, FL 32459

6 bd 5 ba 5,768 sqft
Gulf FrontLuxuryShort-term rental potential

$4,750,000

1848 County Highway 30A Unit 8

Santa Rosa Beach, FL 32459

3 bd 3 ba 2,560 sqft
Price ReducedLuxuryShort-term rental potential

$3,750,000

43 Sandy Creek Circle

Santa Rosa Beach, FL 32459

6 bd 5.5 ba 3,561 sqft
Price ReducedLuxuryShort-term rental potential

$10,999,000

1942 County Highway 30A

Santa Rosa Beach, FL 32459

5 bd 5.5 ba 3,528 sqft
Price ReducedLuxuryShort-term rental potential

$1,695,000

1660 County Highway 30A Unit 101

Santa Rosa Beach, FL 32459

2 bd 2 ba 1,286 sqft
Price ReducedLuxuryShort-term rental potential

$6,999,000

565 Royal Fern Way

Santa Rosa Beach, FL 32459

10 bd 7 full, 3 half ba 6,550 sqft
Price ReducedLuxuryShort-term rental potential

$2,450,000

30 Tall Timber Court

Santa Rosa Beach, FL 32459

3 bd 3.5 ba 2,205 sqft
Price ReducedLuxuryShort-term rental potential

$3,799,000

52 Sunset Ridge Lane

Santa Rosa Beach, FL 32459

4 bd 4.5 ba 2,558 sqft
LuxuryShort-term rental potential

$6,295,000

26 Rain Lily Lane

Santa Rosa Beach, FL 32459

6 bd 6 full, 2 half ba 5,302 sqft

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 October 30, 2026, WaterColor homes for sale that report a fee on the MLS list these HOA fees: single-family homes, $417 to $903 a month, median $613 (19 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

Condo Buildings in This Market

Sources

WaterColor Market Analytics

Sale prices, trends, days on market, and inventory - refreshed monthly from MLS data.

See the market report

Thinking about WaterColor?

Covenants, rental rules, resale history - get the neighborhood file from agents who work it.