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72 String Lily Cove, Santa Rosa Beach, FL 32459

$1,299,000
Property Type: Land Lot Size (sq. ft.): 5,663 Status: Active
Current Price: $1,299,000 List Date: 7/24/2025 Last Modified: 11/07/2025

Description

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.

Supplements: 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 pitensuring 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.

More Information MLS# 981605

Contract Info

Listing Board: Emerald Coast List Price/Acre: 9992307.69 List Date: 2025-07-24 List Price: $1,299,000

Location, Tax and Legal

Sub Area: 1802 - S. of 98 W of Camp Creek Elementary School: Dune Lakes Middle School: Emerald Coast High School: South Walton Legal Description: LOT 37 PARK DISTRICT AT WATERCOLOR PB 22-94 OR 3175-3473

General Property Info

Sub-Type: Vacant Land Acreage: 0.13

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 1510 Annual Assessment Amount: 6040 Assessment Paid: Quarterly New Buyer Fee: Yes New Buyer Fee Amt: 307 New Buyer Fee Paid: $ Last Taxes: 8851.13 Last Tax Year: 2024 Brokerage Interest: No Interest As Is: No

Remarks & Misc

Remarks: 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.

Lot Features

Cleared: 1 Cul-De-Sac: 1 Within 1/2 Mile to Water: 1

Project Facilities

Beach: 1 Short Term Rental - Not Allowed: 1

Lot Access

City Road: 1 Paved Road: 1

Utilities

Electric: 1 Gas - Natural: 1 Public Sewer: 1 Public Water: 1

Zoning

Resid Single Family: 1

Financing

Conventional: 1

Fees Include

Ground Keeping: 1 Master Association: 1 Security: 1 TV Cable: 1

None

Current Price: $1,299,000

Status Change Info

Status: Active

Location Tax and Legal

Street #: 72 Street Name: String Lily Street Suffix: Cove Area: 18 - 30A East State: FL Zip Code: 32459 County: Walton Project Name/Subdivision: WATERCOLOR Parcel ID: 14-3S-19-25405-000-0370

Property Features

Lot Access: City Road; Paved Road Lot Features: Cleared; Cul-De-Sac; Within 1/2 Mile to Water Zoning: Resid Single Family Project Facilities: Beach; Short Term Rental - Not Allowed Utilities: Electric; Gas - Natural; Public Sewer; Public Water Financing: Conventional Fees Include: Ground Keeping; Master Association; Security; TV Cable
Listing Office: Compass
Last Updated: November - 07 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

Grayton Corners | 32 East County Highway 30-A, Suite J | Santa Rosa Beach, FL 32459
Office: 850.231.7896 | Toll Free: 866.533.3429 | Email Us
G. Gay Landreth, Managing Member and Broker

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