Incredible Location in Phase 1 of Watercolor. This beautiful 3 story home is situated on a private, buffered corner lot within walking distance to the beach, Watercolor Beach Club, Lake House, Boat House, walking trails and Seaside. Fabulous outdoor space with 4 spacious porches, two of which are screened, and a large backyard with plenty of room for a private pool. There is a master on the main floor and second master on the third floor with Gulf views. Key features include gas fireplace, 5 owner's closets, new hot water heater, central vacuum system, surround sound system, spacious laundry room with ample storage. Gourmet kitchen was updated in 2021 with beautiful quartz countertops, new dishwasher, drop in stove, microwave and Subzero refrigerator. Strong rental history. Special assessment has been paid in full with lower HOA fees.