Free Market Analysis For Your Home In WaterColor, Fl.

By
Real Estate Broker/Owner with PrimeSouth Properties

Do You Own a Home in Watercolor and Are You Interested in Finding Out What the Market is Doing?  

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WaterColor is a master-planned beach community located in South Walton County along Northwest Florida’s scenic Highway 30A. Construction began on the 499-acre property in 2000 by developer The St. Joe Company. In 2014, the development was turned over from developer control to the HOA. St Joe Company was a paper producing company with large land holdings in NW Florida and switched to land development in the year 2000 in anticipation of the growing demand for upscale vacation and second homes along the Gulf Coast of Florida.  The company has had the normal rises and falls in business development but it is still strong as evidenced by the growth of the vacation rental market here in NW Florida.  

There are about 970 units in WaterColor (including condos). This number continues to grow as more homes are completed. At full build out, the community will have about 1,022 units on property. The developer does have plans to add an additional phase (Phase 5), located near the WaterColor Crossings shopping complex with an entrance on Lake Forest Drive. The development, if approved, will include an additional 41 units, none of which will be available for short-term rentals, which was agreed upon between the Board and developer. It will also include a homeowner's only swimming pool.

The development continues to adapt to the demands of the owners and the people who vacation here.  It has a variety of amenities to suit the upscale nature of the area.  ALL activities revolve around access to the pristine beaches here in NW Florida which are known for their sugar white sands and clear waters.  The area has been relatively clear of any natural disasters but the modern construction of the homes are built with safety in mind and respect for the latest building codes.  Most folks who are not familiar with the area focus on storm surge and flooding.  This is not a real concern in my opinion.  High winds are the primary concern but most homes are built with this in mind and safety is not a factor.  

If you have any questions about this pristine development, Please contact me at any time and I would be willing to share my knowledge about this area.  

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 Peter A. Mohylsky

Broker Associate

PrimeSouth Properties 

WWW.Bucketlistbroker.com

Peter@bucketlistbroker.com

 

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