Update on Watercolor Phase V
Hello from Sunny Santa Rosa Beach Florida. If you are here, you are looking for information about Watercolor Phase 5
I am glad you are here, and here is what I know so far;
Crews had started clearing the area across the street from Publix, but Covid-19 slowed the progress of the development. Additional information may be forthcoming next week.
I have an update on Watercolor Phase V…
The St. Joe Company (NYSE: JOE) (“St. Joe”) today announced it has broken ground on the final phase of homesite development in the WaterColor community. Plans call for this phase to feature 41 custom homesites to be developed north of West Lake Forest Drive.
These 41 planned custom homesites represent the community’s final phase of homesite development. Plans call for the phase to have a short-term rental restriction and feature a private pool available only to residents. The development is less than a ¼ mile from the WaterColor Crossings Shopping Center and Publix Super Market.
“For many years the WaterColor community has been a very special place for so many people,” said Bridget Precise, Senior Vice President of Residential Real Estate for St. Joe. “What makes this phase so unique is that not only is it the final phase of new homesite development but that it will be rental restricted, creating a neighborhood within the WaterColor community that will not have short-term rentals. In addition, this new neighborhood will feature a residents-only pool offering some privacy for anyone looking to build a custom home to serve as a primary residence or a second home at the beach to experience the unique WaterColor lifestyle.”
Site work is currently underway and plans call for homesites to be available for sale later this year or early 2021. For more information on this development and to sign up to receive development updates and homesite sales information, visit www.watercolorflorida.com.
I will follow up when I see lots that are available.
Stay tuned and I will post the latest updates for the new phase in Watercolor, Watercolor Phase V