Situated between the iconic communities of Grayton Beach to the west and Seaside, Florida, to the east, WaterColor has long been a staple in family vacations, primary living and portfolio investing. Spread out among four unique phases, WaterColor is known for its mix of stately coastal manors and charming cottages adorning tree-laden roads.
Following the release of our Mid-Year Market Report, we wanted to take a deep dive into the active real estate market that is happening along the Emerald Coast as a whole and focus on WaterColor, and the homes that sold in 2020’s second quarter. The properties that successfully traded between April 1 and June 30 are as different in design as they are in price, so take a look at a section of homes across all price ranges in WaterColor.
$1,000,000
70 Spartina Circle
Sold Price: $1,195,000
Easy access to the freshly-renovated Camp WaterColor was one of the big selling points for this 4-bedroom, 4-bath cottage located at Spartina. Two king suites were featured on the main level of the home, with a fourth bedroom and bunk room located on the second story. A freshly-renovated kitchen added some modern styling to this 2004-built property spanning 2,105 square feet.
Price Per Square Foot: $567.70
Time on Market: 23.4 weeks
Sold Date: April 7, 2020
Original List Price: $1,299,000
List to Sales Price Ratio: 92%
Annual Taxes: $9,970.66
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$2,000,000
132 Sandy Creek Drive
Sold Price: $2,000,000
A spacious 3,174-square-foot, four-bedroom main house with painted beam grid ceiling and shiplap walls provided an inviting interior for the new buyers of this established WaterColor home. Built in 2006, the property, including the one-bedroom carriage house, had seen light refreshes with plenty of room for upgrades to be done to the buyer’s tastes. Painted brick accent walls, a Wolf range and hardwood flooring throughout made for a timeless design with screened porches and balconies offering traditional WaterColor charm.
Price Per Square Foot: $630.12
Time on Market: 16.14 weeks
Sold Date: June 30, 2020
Original List Price: $2,140,000
List to Sales Price Ratio: 93.4%
Annual Taxes: $13,370
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$3,000,000
593 Western Lake Drive
Sold Price: $2,800,000
One of the newest properties to be built in the original phase of WaterColor, this 3,600-square-foot, 5-bedroom home offered modern styling and furnishings in an established location. Easy access to the newly-developed Beach Club, beamed ceilings, custom built-ins and an outdoor pool area were the perfect package to entice a quick sale of this Daniel Cole-built coastal retreat. Additional features included a chef’s kitchen with commercial-grade appliances, a whole home surround sound system and an attached two-car garage.
Price Per Square Foot: $777.78
Time on Market: 6.4 Weeks
Sold Date: June 30, 2020
Original List Price: $3,125,000
List to Sales Price Ratio: 89.6%
Annual Taxes: $15,260.46
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$4,000,000
165 Vermillion Way
Sold Price: $4,300,000
Delivering a rare mix of direct views of Western Lake as well as the Gulf of Mexico, this Matt Savoie-designed home truly stands out thanks to exceptionally thought out architectural elements, modern styling and a coveted location. Custom doors, built-ins, lightings and accent walls bring a unique mix of details to the 2015-built, 5,054-square-foot home, while its fully handicapped-compliant setup and commercial three-level elevator ensured convenience and accommodation around every corner.
Price Per Square Foot: $850.81
Time on Market: 20.5 Weeks
Sold Date: June 26, 2020
Original List Price: $5,095,000
List to Sales Price Ratio: 84.3%
Annual Taxes: $32,771.81
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Bonus:
1960 E Co Highway 30A
Sold Price: $3,100,000
A unique property to see traded hands, this gulf-front cottage represents one of only six total beachfront single-family detached homes built in WaterColor. Spanning 2,200 square feet, designed to connect those inside the home with the surrounding nature, expansive windows facing the Gulf of Mexico gifts a truly incredible experience to all who live within or visit the property. Designed in a more traditional coastal vernacular, the crisply painted interior bounces natural light throughout the property, while three bedrooms and three baths represent the makeup of the interior.
Price Per Square Foot: $1,409.09
Time on Market: 61.5 Weeks
Sold Date: April 20, 2020
Original List Price: $3,895,000
List to Sales Price Ratio: 79.5%
Annual Taxes: $31,452.68
Still Interested?
While these properties offer a detailed look at what is currently trading in Watercolor, they only represent five of the 25 properties that traded during the second quarter of 2020. Of the sold single-family homes, the stats below show the market collectively.
Median Sales Price: $1,620,000
Highest Sales Price: $4,300,000
Lowest Sales Price: $935,000
Average Square Footage: 3,152
Average Price Per Square Foot: $627.86
Average (Total) Time on Market: 26.6 Weeks
Looking to make WaterColor your next vacation home or investment property location? View currently available inventory online today.
