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$1,299,000
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Property 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. 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.
Full Property Details
Full Property Details for 72 String Lily Cv
General
- Price: $1,299,000
- Taxes: $8,851 (2024)
- Status: Active
- Type: Vacant Land
- Source: Emerald_Coast
- MLS ID: 981605
- Updated: 7/24/2025
- Added to Site: 177 day(s) ago
Additional Information
- Shared Amenities: Beach, Short Term Rental - Not Allowed
Location
- Area: 18 - 30A East
- County: Walton
- Subdivision: Watercolor
- Driving 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.
School Information
- Elementary School: Dune Lakes
- Middle School: Emerald Coast
- High School: South Walton
Utilities
- Utility Description: Electric, Gas - Natural, Public Sewer, Public Water
Lot Features
- Lot Size (Acres): 0.13
- Lot Dimensions: 31 x 121 x 67 x 79
- Lot Features: Cleared, Cul-De-Sac, Within 1/2 Mile to Water
- Zoning: Resid Single Family
Financial Considerations
- Price Per Acre: $9,992,307
- Assessment Amount: $1,510
- Assmt Payment Freq: Quarterly
- Land Assmt: $1,510
- Tax Amount: $8,851
- Tax Year: 2024
- Terms: Conventional
Disclosures and Reports
- Legal Description: LOT 37 PARK DISTRICT AT WATERCOLOR PB 22-94 OR 3175-3473
- Assessment: Yes
- APN: 14-3S-19-25405-000-0370
Listed by Compass
Get Pre-Approved Today
Schools
Schools serving 72 String Lily Cv
School District:Walton County School District
| Name | Grades | Distance |
|---|---|---|
Bay Elementary School 6565 US Highway 98 East, Santa Rosa Beach, FL 32459 | K-5 | 3.5 mi |
Emerald Coast Middle School 4019 US Highway 98 East, Santa Rosa Beach, FL 32459 | 6-8 | 2.3 mi |
South Walton High School 645 Greenway Trail, Santa Rosa Beach, FL 32459 | 9-12 | 4.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 72 String Lily Cv
Date
Details
Price
Change
Source
7/24/2025
Listed
$1,299,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 72 String Lily Cv
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,851
—
$1,100,000
14%
2024
$8,851
-4%
$969,000
-11%
2023
$9,179
2584%
$1,092,500
2992%
2021
$342
-96%
$35,331
-96%
2022
$7,900
2210%
$852,480
100%
2021
$342
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 72 String Lily Cv
72 String Lily Cove, Santa Rosa Beach, FL 32459 (MLS# 981605) is a Vacant Land property with a lot size of 0.13 acres. 72 String Lily Cove is currently listed for $1,299,000 and was received on July 24, 2025. Want to learn more about 72 String Lily Cove? Do you have questions about finding other Vacant Land real estate for sale in Santa Rosa Beach? You can browse all Santa Rosa Beach real estate or contact a Coldwell Banker agent to request more information.

