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New Photos. Positioned in the coveted Lake District this coastal retreat overlooks a nature preserve with a huge two story screened porch. All the privacy of Phase III with an easy walk over the bridge to the town center and the beach. Buyers who want to experience the ultimate in vacation amenities will appreciate this large home with a carriage house that boasts a two-story screened porch ideal for enjoying Florida's outdoor lifestyle while primary owners would appreciate the two-car garage and exceptional finishes and coastal palette in this upscale home. The open floor plan incorporates a remarkable gourmet kitchen, large gathering areas and dining room that opens to the outdoors with a fireplace, TV and ample seating. Two primary bedrooms are available on the first and second floorsA large third-floor living and sleeping area is ideal for children and teens with built-in bunks and areas for both gaming and enjoying movies. Enjoy hardwood flooring, shiplap, marble and tile throughout this fully-furnished home. The carriage house offers its own private balcony, kitchen and full bath. There's no shortage of things to do in WaterColor including the beach, pools, trails and paddle boarding as well as the WaterColor Beach Club and Camp WaterColor and a host of dining, shopping and entertainment options. After a day in the sun, gather with family and friends at home for a quiet cocktail or get together on the beach for a bonfire complete with s'mores.