Located in Phase 1 of WaterColor, 511 Western Lake Drive recently closed for the highest price per square foot on the Gulf in Phase 1 in the last 12 months! Matt McGuire proudly represented both the buyer and seller in this transaction. The exquisite architectural details and immaculate condition attest to this homes significant sales price of $3,650,000.
WaterColor has seen remarkable growth between Quarter 1 of 2016 and Quarter 1 of 2017. The average sales price of single family homes has increased 8% since last year. Matt sold 511 Western Lake Drive on April 18th, 2017 for $768 per square foot; significantly higher than the 2017 Quarter 1 average sales price per square foot of $513.
For the complete report on WaterColor as well as the rest of 30A to Panama City Beach, please read our Quarter 1 2017 Market Report below: