296 Pine Needle Way WaterColor
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296 Pine Needle Way WaterColor


Listing Type



Co-Owner Price

WaterColor is a prime waterfront community on the Gulf of Mexico and offers a slew of activities to entertain beachgoers of all ages.

One of the fastest growing trends in the second home market is Co-Ownership.

Co-Ownership is not the old timeshare or fractional products which have lost favor amongst buyers. Rather, this is a new legal form of real estate ownership being included in MLS (Multiple Listing) associations across the country. This is a seismic shift in how second homes will be owned and enjoyed.

Lifestyle Asset Group invites you to become a Co Owner of this extraordinary residence in the coveted Watercolor community using this innovative model that brings just six fortunate families to share equally in the acquisition of the home, the annual operating expenses, and the reservation calendar, providing the opportunity to own and enjoy a $3,085,000 home, hassle-free, for a fraction of cost of going solo.

The Property

296 Pine Needle Way

Welcome to WaterColor, Florida. Fully remodeled and professionally furnished in 2020, this 5-bedroom, 4.5-bathroom home epitomizes tasteful luxury and structural soundness.

This WaterColor Phase II home is situated on a quiet street while still just a quick walk to Camp WaterColor and a short golf cart ride to the Beach Club, Seaside, and Grayton Beach.

Stylistically, the exterior of the home embodies coastal elegance, a sense of privacy rarely found in WaterColor, an abundance of exterior space, and a fenced-in courtyard complete with a fire pit and grilling area.

From a structural perspective, the 2020 remodel brought in brand new HVACs as well as hurricane shutters on all windows. The rear portion of the home, which backs up to a quiet wooded area, offers a rare abundance of parking space with its 2-port garage and 2 additional paved spaces, as well as a much-needed buffer for any future construction in the WaterColor neighborhood.

Interior features:

High-end appliances (Wolf, Bosch, and Subzero), quartz countertops, marble tile in all bathrooms, grey-stained wood flooring throughout, and designer furniture and fixtures.

First Floor: includes an open-concept Great Room complete with a powder room, a large Master Suite (King Bed), a Mud Room with plenty of storage, and a large screened-in porch perfect for relaxing and watching TV.

Second story: 2 large Guest Suites (one with a King Bed and the other with 2 Queens) and a Bunk Room for the kids.

Carriage House: (King Bed) offers a spacious, private space and a full bathroom.

  • 5 bedrooms (3 Kings, 2 Queens, 2 Bunks with trundle bed)
  • 4.5 bathrooms
  • 3,002 sq. ft.
  • Sleeps 14
  • Built in 2006 and newly remodeled in 2020
  • New HVAC and Hurricane shutters on all windows
  • Beautiful kitchen with high-end appliances
  • Large screened-in porch with a smart TV
  • Fenced-in patio with a large fire pit and seating area
  • Spacious living room with a large smart TV and Sonos sounds system
  • Laundry/mudroom with plenty of storage
  • Grey-stained hardwood flooring throughout
  • Spacious 2 car garage with a full driveway, providing ample room for several vehicles
  • Outdoor shower
  • 6 bikes that will be maintained year-round
  • 6-seater street legal golf cart

The Place

The Resort

One of the newer communities along Florida's idyllic 30A, WaterColor is a prime waterfront community on the Gulf of Mexico and offers a slew of activities to entertain beachgoers of all ages. Tucked between Seaside and Grayton Beach State Park in South Walton, this neighborhood of charming homes and tree-shaded lanes is the most sought-after location on 30A.

WaterColor is home to one of South Walton’s most picturesque coastal dune lakes, Western Lake. You can rent a kayak or stand-up paddleboard (SUP) from the Boathouse and spend your days paddling the lake, or hike and bike your way through Grayton Beach State Park and Point Washington State Forest.

A visit to WaterColor offers a relaxing small-town feel, with upscale amenities and a world-class beach, perfect for relaxing and connecting with loved ones.

WaterColor Beach Club Amenities:

  • Access to the newly expanded WaterColor Beach Club
  • Beautiful views of the Gulf of Mexico
  • Discounted owner rates for beach chair rentals
  • Access to Camp WaterColor featuring a children’s pool, lazy river, waterslide, and restaurant/bar
  • 5 clay tennis courts
  • 2 pickleball courts
  • Bocce ball court
  • Half basketball court
  • Playground
  • Soccer field
  • Western Lake with 4 piers and 1 dock
  • Outdoor amphitheater
  • 5 park areas
  • Gardens
  • 5 miles of hiking/biking trails
  • Access to the Boathouse, Bike Barn, and Fitness center
  • WaterColor Courtesy Trolley
  • Year-round events calendar
  • Minutes away from amazing dining and shopping

The Investment

Since 2013 Lifestyle Asset Group has been a pioneer in this proven real estate model, where you, along with a small group of like-minded investors, co-own a vacation property, with each investor only paying their share of the ownership costs.


Pricing includes the $3,085,000 purchase price, LLC reserves, interior design, inspections, title, closing costs, a syndication fee for bringing the co-owners together, and the creation of the legal contracts for LLC.

1/6th equity shares:

  • One-time LLC capital contribution: $589,500
  • Annual expenses: $19,000 per year
  • 7 weeks annually, plus one week of free space available use

1/12th equity shares:

  • One-time LLC capital contribution: $294,750
  • Annual expenses: $9,500 per year
  • 3 weeks annually, plus one week of free space available use

Additional Benefits:   

  • Defined 6 year exit strategy so everyone knows up front how and when the co-ownership ends
  • At the end of the LLC term, the property is sold, all initial capital contributions for the acquisition are returned and net appreciation is shared
  • Option to rent a portion of your weeks to offset monthly costs
  • Zero-hassle ownership and personal travel and concierge services
  • Access to 150+ properties in over 90 destinations through a membership in Elite Alliance
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If this one-of-a-kind investment opportunity resonates with you and your family we encourage you to request more information about this stunning WaterColor home before the shares are spoken for.

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