313 E Royal Fern Way WaterColor
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WaterColor

Florida

Listing Type

Potential

Attributes

Pricing

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

$640,500 ~ 1/6th ownership

$320,250 ~ 1/12th ownership

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 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 $3,395,000 home, hassle-free, for a fraction of cost of going solo.

The Property

313 E Royal Fern Way, Santa Rosa Beach, FL 32459

Stunning Watercolor home with private heated pool and spa, 2 car garage, and carriage house located on a premium lot backing up to a peaceful wooded area.

This 5-bedroom, 4.5-bathroom, fully furnished home comfortably sleeps 14. This is a spacious open floor plan with a living area connecting the dining room and gourmet kitchen. There is a bedroom on the first floor with a king bed, pool views, and a private bathroom with a standup shower. The 2nd floor has three additional bedrooms with king beds and ensuite bathrooms. One of these bedrooms also has a twin-over-twin built-in bunk bed.

The large carriage house features its own living area with a sleeper sofa and TV. The kitchenette has a stove, a full-sized refrigerator, a microwave, and a dishwasher. The bedroom has a queen bed as well as a built-in twin bunk bed, and a private full bathroom with shower/tub combo.

The wonderful outdoor living space is the perfect place to unwind and relax with family and friends. The patio with the private heated pool and spa has a grill area and a half bathroom.

This home also includes a new 6-seater GEM car to explore 30A in style.

Testimonials:
  • 5 bedrooms (4 Kings, 1 Queens, 2 built-in twin-over-twin bunks beds)
  • 4.5 bathrooms
  • 3,338 sq. ft.
  • Sleeps 14
  • Built in 2017
  • The carriage house includes a full kitchen, living room with a sleeper sofa and TV, 1 queen bed, a twin bunk bed, and a full bath
  • Beautiful kitchen with high-end appliances
  • Large fenced-in patio with a BBQ area and a covered porch
  • Heated in-ground private pool and spa
  • Spacious living room with a large smart TV
  • Laundry room with plenty of storage
  • 2 car garage with a full driveway
  • Outdoor shower
  • 6 bikes will be maintained year-round
  • A new 6-seater GEM street-legal golf cart

The Place

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

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.

The Co-Ownership Model

Join forces with a select group of families to co-own a luxurious vacation property. This innovative co-ownership model allows each family to contribute only their share of the ownership costs, making luxury vacation home ownership accessible and hassle-free. Discover the ever-growing popularity and practicality of this model and enjoy the benefits of shared luxury.

PRICING OPTIONS

Co-ownership pricing includes the $3,395,000 purchase price, operating reserves, inspections, title, closing costs, interior design, a syndication fee for bringing the co-owners together, and the creation of the co-ownership agreements for LLC.

1/6th equity shares:

  • One-time LLC capital contribution: $640,500
  • Annual expenses: $21,000 per year
  • 7 weeks per year of advanced reservations, plus 1 additional week of free space available use

1/12th equity shares:

  • One-time LLC capital contribution: $320,250
  • Annual expenses: $10,500 per year
  • 3 weeks per year of advanced reservations, plus 1 additional 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
  • Option to extend the term up to 2 additional years
  • At the end of the LLC term, the property is sold, and the sales proceeds and are 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
Get the Equity Weekly Values

If this one-of-a-kind co-ownership 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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