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Lot/land
  • $1,299,000

    72 String Lily Cv, Santa Rosa Beach, FL 32459

    --beds
    0baths
    5,662.8Square Feet
    Unimproved Land
    Built in ----
    5,662.8 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $503/mo HOA

    What's special

    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.
    245 days
    |
    115
    |
    2
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 01, 2026 at 07:46am

    Listed by:

    Spears Group 850-710-2114,

    Compass

    Source: ECAOR,MLS#: 981605MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0

      Property

      Lot
      • Size: 5,662.8 Square Feet
      • Dimensions: 31 x 121 x 67 x 79
      • Features: Cleared, Cul-De-Sac, Within 1/2 Mile to Water
      Details
      • Parcel number: 143S19254050000370
      • Zoning description: Resid Single Family

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Features: Beach, Short Term Rental - Not Allowed
      • Subdivision: WATERCOLOR
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds, Security, Cable TV
      • HOA fee: $1,510 quarterly
      Location
      • Region: Santa Rosa Beach

      Financial & listing details

      • Tax assessed value: $969,000
      • Annual tax amount: $8,851
      • Date on market: 3/1/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        7/24/2025Price change$1,299,000-16.2%
        Source: ECAOR #981605 Report a problem
        2/28/2025Listed for sale$1,550,000
        Source: ECAOR #969837 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$8,851 -3.6%$969,000 +3.3%
        2023$9,179 +16.2%$937,728 +10%
        2022$7,900 +2210.1%$852,480 +2312.8%
        2021$342 $35,331

        Find assessor info on the county website

        BuyAbility℠ payment

        Estimated monthly payment
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Boost your down payment with 6% savings match

        Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.

        Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

        Climate risks

        Neighborhood: 32459

        Getting around

        26 / 100
        Car-Dependent
        53 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Dune Lakes
        • Middle: Emerald Coast
        • High: South Walton

        Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        Local experts in 32459

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