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Premier Homesite in Watercolor

72 String Lily Cove Santa Rosa Beach, FL 32459

Claim this Listing
For Sale
$1,275,000

LAND - Santa Rosa Beach, FL

Property size:
5,270 SF
Lot size:
0.13 Acres
Price / SF:
$241/SF
Added:
May 4, 2026
Days on Market:
69
Last Refresh:
Jul 11 at 11:06 am

Property Features for 72 String Lily Cove

General Information

Property type
Land
Property subtype
Other
Zoning
Resid Single Family
Standard status
Active
APN
14-3S-19-25405-000-0370
Size
5,270 SF
Lot size
0.13 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
LOT 37 PARK DISTRICT AT WATERCOLOR PB 22-94 OR 3175-3473
Tax Annual Amount
9776

Utilities

Sewer type
Public Sewer

Listing agent Spears Group

Listing office Compass 2048 W Cnty Hwy 30A #107, Santa Rosa Beach, FL

Listing date May 4, 2026

MLS# 1002226 Listing URL

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Located in the Park District of Watercolor, Phase V, Lot 37 is a homesite situated at the end of a quiet cul-de-sac on String Lily Cove. The property offers privacy with a greenbelt behind it and a 20-ft-wide greenway easement between it and the adjacent lot to the right. A completed home is located on the left. The shovel-ready lot comes with fully approved and entitled architectural plans designed by Chris Stoyles of Archiscapes, along with all necessary Walton County permits. The current plans feature a 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. Phase V is Watercolor's final and only short-term rental-restricted phase, ensuring a peaceful residential atmosphere. Residents 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 access to 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 trail system, parks, and landscaped common areas provide opportunities for recreation and relaxation. The property size is 0.13 acres.

Key Highlights

  • Shovel‑ready lot with fully approved architectural plans for a 5‑bedroom, 7‑bathroom, 5,270 sqft home.
  • Premier location in Watercolor's Park District, Phase V, offering privacy and tranquility on String Lily Cove.
  • Includes plans for a private pool, summer kitchen, and outdoor living area with a fire pit.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Residential land & home ...

Suggested Use

HVAC Service Building Supply Dental Office Big Box & Wholesale Store Nail Salon Skin Care Clinic Storage Facility Accounting Firm Cosmetic Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Residential land & home lot - Homesite with approved plans in Watercolor's Park District, Phase V.
Where is this residential land & home lot located?
The property is located at 72 String Lily Cove Santa Rosa Beach, FL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Shovel‑ready lot with fully approved architectural plans for a 5‑bedroom, 7‑bathroom, 5,270 sqft home.; Premier location in Watercolor's Park District, Phase V, offering privacy and tranquility on String Lily Cove.; Includes plans for a private pool, summer kitchen, and outdoor living area with a fire pit.
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