Nestled in the heart of WaterColor Phase I, this luxury beach cottage boasts an enviable location facing the beautiful ''Central Park'' of WaterColor and adjacent to Western Lake. With only ten homes enjoying this coveted location, this upscale property provides a unique opportunity to experience the very best of South Walton's lifestyle. Designed by Dungan/Nequette Architects, this home is beautifully presented with authentic 100-year-old pine floors and high-end designer furnishings throughout. From the columned porch with a swing seat, to the generous wraparound porch, the outdoor spaces offer a serene retreat to relax and enjoy the park and treetop views. This property features a main house and full carriage house, providing plenty of space for everyone to enjoy. The second floor of the main house features an open living space with shiplap walls and a lime-washed brick fireplace, offering rows of windows for natural daylight and access to the wraparound porch. The elegant formal dining table for eight beneath a modern chandelier, and the modern chef's kitchen with its marble tile backsplash and grand quartz-topped island breakfast bar, make entertaining a breeze with top-of-the-line Sub-Zero and Wolf stainless appliances, including a crushed ice maker and wine fridge. The first floor offers three beautiful king suites and an additional media/living area, while the top floor provides a third-floor loft space for another media/living area, twin guest room, a half bath, wet bar, and two sleeper sofa couches. The separate carriage house provides independent guest quarters boasting the same outstanding quality, including a king-size bedroom, full bath, living area, and full galley kitchen. Located steps away from the famous white-sand WaterColor beach, the private WaterColor Beach Club, and the remarkable Boat House stocked with kayaks and paddle boards, this home offers the ultimate luxury beach lifestyle. With the Central Park location, this home is highly desired and also adds to its appeal for year-round rentals. This luxury beach cottage provides a rare opportunity to have it all, with exquisite craftsmanship, upscale finishes, and an unbeatable location in one of South Walton's most sought-after communities.