Discover an unparalleled opportunity to build your dream home in the prestigious Park District of Watercolor, Phase V. Lot 37 is a premier homesite, ideally situated at the end of a quiet cul-de-sac on String Lily Cove. This exceptional property offers privacy and tranquility, with a greenbelt behind it and a 20-ft-wide greenway easement between it and the adjacent lot to the right. A completed home on the left further enhances the setting. This shovel-ready lot comes with fully approved and entitled architectural plans designed by Chris Stoyles of Archiscapes, along with all necessary Walton County permits, allowing you to break ground immediately. The current plans feature a stunning 5-bedroom, 7-bathroom home spanning 5,270 sqft of heated/cooled space, plus over 1,300 sqft of covered balconies and porches. The design includes a private pool, a summer kitchen, and an outdoor living area complete with a fire pit ensuring the ultimate indoor-outdoor coastal lifestyle. Phase V is Watercolor's final and only short-term rental-restricted phase, ensuring a peaceful residential atmosphere. Residents also have access to an exclusive community pool available only to the owners of the 41 homesites within the phase. As a Watercolor homeowner, you'll enjoy exclusive access to world-class amenities, including the Watercolor Beach Club, featuring three Gulf-front pools, cabanas, a tiki bar, and dining options. Camp Watercolor offers a family-friendly water park with slides, a lazy river, and a casual dining area. Outdoor enthusiasts will appreciate direct access to Western Lake for kayaking and paddle boarding. The community's extensive trail system, lush parks, and beautifully landscaped common areas provide endless opportunities for recreation and relaxation. This is a rare opportunity to secure one of the most desirable homesites in 30A's largest master-planned community. Don't miss your chance to own a piece of paradise in Watercolor. For more details or to schedule a site visit, contact us today.
This district is primarily residential, allowing medium residential densities and supporting uses. All development is required to be connected to a public water and sewer system.
Permitted uses
Include but are not limited to:
Bank
Day care facility
Housing-Single unit
Housing-Multiple units
Mixed use building
Office
Medical office
Educational/school
Library
Museum / gallery
Oct 23, 2023 • Active
Residential pool
Pool and hot tub
Oct 23, 2023 • Active
Residential electrical sub
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Exterior
Lot Information
Lot Features: Cleared, Cul-De-Sac, Within 1/2 Mile to Water
Lot Size (Acres): 0.13
Lot Size (Sq. Ft.): 5662.8
Lot Size Dimensions: 31 x 121 x 67 x 79
Road Frontage Type: City Street
Acreage: 0.13
Lot Access: City Road, Paved Road
Road Surface Type: Paved
Zoning: Resid Single Family
Financial
Tax Information
Tax Annual Amount: $9,776.45
Tax Year: 2025
Utilities
Utility Information
Utilities: Electric, Gas - Natural, Public Sewer, Public Water
Water Source: Public
Location
HOA Information
Has Association
Association Fee Includes: Maintenance Grounds, Security, Cable TV
Fees Include: Ground Keeping, Security, TV Cable, Master Association
School Information
Elementary School: Dune Lakes
Middle School: Emerald Coast
High School: South Walton
Community Information
Subdivision Name: WATERCOLOR
Community Features: Beach, Short Term Rental - Not Allowed
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 5,532 square feet
Style: Vacant Land
Year Built: —
Year Renovated: —
County: Walton County
APN: 143S19254050000370
Home facts updated by county records on Aug 26, 2026
Around this home
Schools
Dune Lakes Elementary School
Public K-5 • Assigned • 3.5mi
10/10
Emerald Coast Middle School
Public 6-8 • Assigned • 2.3mi
8/10
South Walton High School
Public 9-12 • Assigned • 4.6mi
8/10
Provided by GreatSchools
Climate risks
6/10 Flood Factor
Estimated 67-75% chance of a flood reaching the building in the next 30 years
5/10 Fire Factor
4% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 105° expected this year, 22 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Santa Rosa Beach, FL • 32459
Average low and high temperatures (°F)
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43
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79
66
73
59
64
50
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Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
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Dec
Sun exposure
31/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
4.8 hrs
1 hr
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.12M – $1.36M
Sell confidently with a local market expert in Santa Rosa Beach.