Neighborhood
Watercolor
726 parcels and 392 recorded home sales in our records.
Prices are down
Median sale price fell 12.7% compared with the year before.
About these numbers
From 74 recorded sales in Watercolor, the last 1 year to Jun 23, 2026, compared with the 1 year before. A description of what already happened, not a forecast. “Steady” means the median moved less than 3% either way.
The state publishes sale records a few times a year. The latest file was posted Jul 27, 2026; the next one is due in October. Anything that sold after Jun 23, 2026 is not here yet, so this page shows the market as of the end of that month, not this week. Ranges count back from Jun 23, 2026, the newest recorded sale, not from today.
The latest 60 days (sales after Apr 24, 2026) may be incomplete: a sale can reach the state's file weeks or months after it closes, so a later file may add sales to these months. A recent dip in sales can be partly that delay, not a change in the market. These weeks are shaded on the price trend.
Price per square foot is the median of price divided by adjusted area, for sales where the size is on record. Adjusted area is the county's weighted size of everything built on the parcel: heated rooms count in full, and a garage, porch or other unheated space counts in part. It is usually larger than the heated living area a listing quotes. With fewer than 10 sales a median is hidden. Source: Florida Dept. of Revenue.
$2.95M
Down compared with the same period a year earlier: 12.7%
74
Up compared with the same period a year earlier: 39.6%
$876
— Steady
Median sale price, rolling 3 months · each point needs 5+ sales
Recent sales map
74 sales in the last 1 year. Zoom or drag the map and the figures above follow the area you see.
Tap a dot to see the price, size, price per sq ft and date, and to open that property's page.
Latest sales in view
What stands out
Typical price down 12.7%
The median sale price was $2,950,000, compared with $3,381,000 in the year before.
40% more sales
74 homes sold in the last 1 year, against 53 in the year before.
$876 per sq ft
The median price per square foot of adjusted area (the county's weighted size, which counts garages and porches in part), about the same as the year before.
Where most sales fall
The middle half of sales went for between $2,650,000 and $3,537,500.
Nearby projects and decisions
Active in the last year, within 3 miles of the center of Watercolor, nearest first.
Vacation rentals
At least 45%
of homes in Watercolor hold a state vacation-rental licence in force: 316 of 697.
Across ZIP 32459: at least 19% (3,617 of 18,803 homes).
Homes are houses, mobile homes and condos on the tax roll. A licence is counted when its address matches one home, so the real share may be higher. Source: Florida DBPR lodging licences, as of Sep 29, 2026.
Storm surge
Share of the 697 homes in Watercolor that a near worst-case storm surge could reach, by hurricane category.
- Category 1under 1%
- Category 26%
- Category 312%
- Category 427%
- Category 538%
In a Category 3, 3% of homes here could see more than 3 feet of water above the ground. Across the Santa Rosa Beach area, a Category 3 reaches 21% of homes.
The worst case NOAA models for each category at high tide, not a forecast and not an evacuation zone: follow the county's evacuation orders. Source: NOAA National Hurricane Center storm surge risk maps.
The market right now
Listings, values and rates from national sources, which report sooner than recorded sales.
ZIP 32459, not map-responsive
For sale now
Homes listed for sale in August 2026, against the same month a year earlier.
835
Down: 20% fewer
$1.21M
— Steady
106 days
Down: 6 fewer days
19%
148 new listings · 146 under contract in the month.
Asking prices, not sale prices. Source: Realtor.com® Economic Research, ZIP 32459.
Home values and rents
Estimates for August 2026, against a year earlier.
$858K
— Steady
$882K
$784K
$1,880/mo
— Steady
A typical value is Zillow's estimate for a mid-priced home, not a sale. Source: Zillow Home Value Index and Observed Rent Index, ZIP 32459.
Federal price index, change each year
- 2021+21.2%
- 2022+27.8%
- 2023+1.6%
- 2024−0.2%
- 2025+8.2%
Built from sales and appraisals of homes whose mortgages Fannie Mae or Freddie Mac bought or guaranteed; FHFA calls these indexes developmental. Source: FHFA House Price Index, ZIP 32459, updated March 31, 2026.
Mortgage rates this week
National averages, week of September 24, 2026.
7.03%
6.42%
The 30-year rate is 0.08 percentage points higher than last week and 0.73 percentage points higher than a year ago.
Listing market
How fast listed homes sell, from Redfin. For the whole ZIP code: the map and pills do not change it.
ZIP 32459, not map-responsive
Buyer's or seller's market?
Buyer's market
At the recent pace of sales, it would take about 8.1 months to sell the homes now for sale. Lots of homes for sale compared with buyers means buyers have more choice and room to negotiate, and prices tend to flatten or fall.
Months of supply 8.1 · Walton County, Jun 2025 to May 2026, average of 12 months · Down 1.9 months vs the period before
Days on market
113 days
Median days from listing to sale · ZIP 32459, Jun 2025 to May 2026, average of 4 3-month periods · Down 12.1 days vs the period before
Source: Redfin Data Center. Redfin does not publish months of supply for ZIP 32459, so that figure is for all of Walton County, which includes other beach and inland communities that can behave differently from Santa Rosa Beach.
Sections
Watercolor is made up of separately recorded plats. Sales in our records, by section.
- Summersweet Place at Watercolor63 sales · 96 parcels
- Oak Grove at Watercolor29 sales · 76 parcels
- Cedar Woods at Watercolor33 sales · 54 parcels
- Cypress Cove at Watercolor20 sales · 51 parcels
- Park District at Watercolor10 sales · 41 parcels
- Wiregrass Meadows at Watercolor24 sales · 35 parcels
Show the other 22 sections
- Cerulean Landing at Watercolor11 sales · 32 parcels
- Rose Garden Mews at Watercolor11 sales · 28 parcels
- Turtle Ridge Neighborhood at Watercolor10 sales · 28 parcels
- Cottage District at Watercolor4 sales · 25 parcels
- Pine Crest at Watercolor21 sales · 24 parcels
- Sand Hill at Watercolor11 sales · 24 parcels
- Long Leaf Park at Watercolor6 sales · 22 parcels
- Cinnamon Fern at Watercolor17 sales · 21 parcels
- Eastern Cove at Watercolor14 sales · 21 parcels
- Vermilion Point at Watercolor6 sales · 21 parcels
- Pine Ridge at Watercolor13 sales · 19 parcels
- Lake District at Watercolor14 sales · 16 parcels
- Mere Ridge at Watercolor7 sales · 16 parcels
- Sunset Ridge at Watercolor18 sales · 15 parcels
- Park Row at Watercolor8 sales · 14 parcels
- Lake Forest at Watercolor13 sales · 12 parcels
- Beach Lane at Watercolor6 sales · 9 parcels
- Rainbow Row at Watercolor9 sales · 7 parcels
- Sandy Creek at Watercolor3 sales · 7 parcels
- Sunrise Ridge at Watercolor4 sales · 4 parcels
- Tennis District at Watercolor3 sales · 4 parcels
- Summersweet Pl at Watercolor4 sales · 2 parcels
Homeowners' association
Only what we can point to an official record for.
No association verified yet
We do not list an association for Watercolor. Neighborhoods like this often have a master association plus a separate one for each section, and the public lists of them are incomplete and hard to match to a subdivision without guessing, so we publish only what a person has checked against an official record.
Recorded plats
28 recorded plats: show the list
Plat Book 14, page 28 · Plat Book 14, page 29 · Plat Book 14, page 30 · Plat Book 14, page 31 · Plat Book 14, page 33 · Plat Book 14, page 50 · Plat Book 14, page 51 · Plat Book 14, page 52 · Plat Book 15, page 17 · Plat Book 15, page 18 · Plat Book 15, page 23 · Plat Book 15, page 24 · Plat Book 15, page 25 · Plat Book 15, page 43 · Plat Book 15, page 44 · Plat Book 15, page 48 · Plat Book 15, page 57 · Plat Book 15, page 58 · Plat Book 15, page 59 · Plat Book 15, page 60 · Plat Book 15, page 61 · Plat Book 15, page 95 · Plat Book 15, page 96 · Plat Book 15, page 97 · Plat Book 16, page 47 · Plat Book 16, page 58 · Plat Book 16, page 95 · Plat Book 22, page 94
From the county's parcel records. The declaration of covenants is recorded separately: search the Clerk's official records with the subdivision name.
Walton County Clerk: official records searchFlorida Division of Corporations: search by entity name
Dues, assessments and reserve status are not shown: no public source for them is reliable.
Watch this area
Coming soonAlerts are coming: a note when a new project, hearing or recorded sale shows up in Watercolor. Nothing is sent yet.
Tell us you are interestedAbout this data: sources, method and limits
Recorded sales. Florida Department of Revenue Sale Data File and property roll for Walton County (2026P roll, posted Jul 27, 2026); parcel locations from Walton County GIS. Kept: qualified (arm's-length) sales, codes 01 and 02; improved single-family, mobile-home and condo parcels; price of $20,000 or more. Other transfers (family transfers, foreclosure and bank sales, multi-parcel deals, vacant land) are left out because they do not reflect the open market. 91% of sales have an exact date; the rest are known only to the month and are placed mid-month. Our records start Jan 4, 2021 and end Jun 23, 2026; the state publishes a few times a year, and the county's next file is due in the fall. The latest 60 days (after Apr 24, 2026) are marked as possibly incomplete because a sale can reach the state's file weeks or months after it closes. Measured: the 2025 Final file counted 321 sales in its newest 6 months and the later 2026 Preliminary file counts 579 for the same months (+80%). Owner names are never shown.
How the headline is worked out. Median price, homes sold and price per square foot are worked out from these recorded sales only, for the time range, neighborhood and map area you have picked. Each is compared with the same length of time just before it. With fewer than 10 sales in the period, the median is replaced by “Limited data”; a change is shown only when both periods have at least 10 sales and our records cover the whole earlier period (so the 1-year range has no comparison yet). Price per square foot uses the adjusted area on the property roll and skips homes smaller than 300 sq ft. Adjusted area is the county's weighted size of everything built on the parcel: heated rooms count in full, and a garage, porch or other unheated space counts in part. It is usually larger than the heated living area a listing quotes. The price filter changes the dots on the map, not the figures. The pulse and the “what stands out” cards are written by rules from those same numbers, not by AI, and describe what already happened.
Neighborhoods. Subdivision names read from each parcel's legal description; pods of one community merged; outlines drawn around the parcels carrying the name. Not official boundaries. 66% of the 8,244 sales fall in a neighborhood with at least 12 sales; the rest are in smaller subdivisions or on land described by boundaries rather than a plat. The county publishes no subdivision boundary layer, so the outlines are drawn around the parcels that carry each name and are approximate. Source: Legal descriptions in the Walton County property appraiser's parcel file (Public-GIS-Data-2026-07-28.zip).
Listing market. Days on market and months of supply are from Redfin Data Center, latest period May 31, 2026 (all residential property types; county figures are monthly, ZIP figures are rolling 3-month windows). Redfin only counts homes listed through agents and MLS, its figures for a small ZIP can swing from month to month, and they do not change with the map.
Nearby projects. From the Development section: projects we could place on a map, by straight-line distance. A decision on a project we could not place does not appear.
Map: OpenFreeMap, © OpenMapTiles, data © OpenStreetMap contributors.
Recorded sales through Jun 23, 2026 · The outline is approximate, drawn around the parcels that carry the subdivision name · Independent, not an official Walton County site · Source · Privacy · Terms