$1,550,000

72 String Lily Cove Santa Rosa Beach, FL 32459

WaterColor Neighborhood

Estimated payment $9,818/month

Total Views 1,729
0.13 Acre
$11,923,077 Price per Acre
5,663 Sq Ft Lot

Highlights

  • Beach
  • Bay Elementary School Rated A-
  • Cul-De-Sac

About This Lot

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. 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.

Listing Agent

Spears Group

Compass Listed on: 02/28/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,851

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 31 x 121 x 67 x 79
  • Cul-De-Sac
  • Cleared Lot

HOA Fees

  • $503 Monthly HOA Fees

Schools

  • Dune Lakes Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Listing and Financial Details

  • Assessor Parcel Number 14-3S-19-25405-000-0370

Community Details

Overview

  • Association fees include ground keeping, master, security, cable TV
  • Watercolor Subdivision

Recreation

  • Beach

Property Details

Property Type

Land

Est. Annual Taxes

$8,851

Lot Details

0

HOA Fees

$503 per month

Listing Details

  • Property Sub Type: Vacant Land
  • Prop. Type: Land
  • Lot Size Acres: 0.13
  • Lot Size: 31 x 121 x 67 x 79
  • Road Frontage Type: City Road
  • Road Surface Type: Paved Road
  • Subdivision Name: WATERCOLOR
  • Directions: 98 to 395 South, right on West Lake Forest, first right on Climbing Rose Way, left on String Lily Cove, lot 37 is at the end of the cul de sac.
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Utilities:Gas - Natural: Yes
  • Special Features: None

Exterior Features

  • Lot Features: Cleared, Cul-De-Sac, Within 1/2 Mile to Water
  • Lot Features:Within 12 Mile to Water: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Lot Features:Cleared: Yes

Utilities

  • Utilities: Electric, Gas - Natural, Public Sewer, Public Water

Condo/Co-op/Association

  • Community Features: Beach
  • Association #2 Fee: 1510.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Master Association, Security, Cable TV

Schools

  • Elementary School: Dune Lakes
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Lot Size Sq Ft: 5662.8
  • Parcel #: 14-3S-19-25405-000-0370
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8851.13
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,179 $969,000 $969,000 --
2023 $9,179 $937,728 $0 $0
2022 $7,900 $852,480 $852,480 $0
2021 $342 $35,331 $35,331 $0
2020 $0 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 For Sale $1,299,000 -16.2% --
02/28/2025 02/28/25 For Sale $1,550,000 -- --
Source: Emerald Coast Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $750,000 Aqua Title
Special Warranty Deed $750,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,200,000 Commercial
Source: Public Records

Source: Emerald Coast Association of REALTORS®

MLS Number: 969837

Emerald Coast Association of REALTORS®

APN: 14-3S-19-25405-000-0370

Florida Walton County Santa Rosa Beach 32459 WaterColor

72 String Lily Cove, Santa Rosa Beach, FL

This home is located at 72 String Lily Cove, Santa Rosa Beach, FL 32459 and is currently priced at $1,550,000. 72 String Lily Cove is a home located in Walton County with nearby schools including Bay Elementary School, Emerald Coast Middle School, and South Walton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Listing Agent
Spears Group
Compass