Real Estate Investment Properties for Sale in Watersound, FL

Looking for investment property in Watersound, FL with high ROI ?

Explore a variety of short-term homes & houses in Watersound, FL. Invest wisely with VRBO & Watersound, FL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Watersound, FL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
19 Creek Bridge Way Watersound, FL Set within the gated Bridges section of WaterSound Beach, quietly bordering Camp Creek Lak...	4 beds \| 5 baths \| 3,270 sq.ft.	$2,895,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 0.32% Airbnb Rental Income: $3798 Traditional Rental Income: $6135 Airbnb ROI: -0.86% Traditional ROI: 0.32%
8 S Watch Tower Lane Watersound, FL Behind the gates of Watersound Beach, 8 S Watch Tower Lane sits on a premier corner lot st...	4 beds \| 5 baths \| 2,643 sq.ft.	$3,200,000	Airbnb cash on cash: -1.14% Traditional cash on cash: -0.52% Airbnb Rental Income: $3798 Traditional Rental Income: $4822 Airbnb ROI: -1.14% Traditional ROI: -0.52%
100 Sawbuck Drive Watersound, FL Introducing one of few 5 bedroom plans in WaterSound Origins, this Cole Construction home ...	5 beds \| 5 baths \| 3,200 sq.ft.	$1,955,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 2.18% Airbnb Rental Income: $4929 Traditional Rental Income: $5937 Airbnb ROI: 1.07% Traditional ROI: 2.18%
74 Governors Court #W402 Watersound, FL Top floor 2BR/2BA condo in Alys Beach. Fantastic views! Centrally located at the Whitby in...	2 beds \| 2 baths \| 1,353 sq.ft.	$3,250,000	Airbnb cash on cash: -0.92% Traditional cash on cash: -1.24% Airbnb Rental Income: $4870 Traditional Rental Income: $2904 Airbnb ROI: -0.92% Traditional ROI: -1.24%
407 Pollard Cove E lot: 100 Watersound, FL This newly completed home built by Cole Construction is the popular Rose Cottage plan, sit...	5 beds \| 5 baths \| 3,416 sq.ft.	$2,111,850	Airbnb cash on cash: 0.87% Traditional cash on cash: 1.39% Airbnb Rental Income: $4929 Traditional Rental Income: $4925 Airbnb ROI: 0.87% Traditional ROI: 1.39%
54 Pollard Cove W lot: 43 Watersound, FL *List price reflects a $50,000 waived lot premium incentive currently offered by the Build...	4 beds \| 5 baths \| 3,297 sq.ft.	$1,963,900	Airbnb cash on cash: -0.38% Traditional cash on cash: 0.54% Airbnb Rental Income: $3798 Traditional Rental Income: $4662 Airbnb ROI: -0.38% Traditional ROI: 0.54%
42 E Seabrook Way lot: 34 Watersound, FL Welcome to the Florence floor plan by Arkon Group, a stunning new construction home in Pow...	4 beds \| 4 baths \| 2,484 sq.ft.	$999,600	Airbnb cash on cash: 1.93% Traditional cash on cash: 3.44% Airbnb Rental Income: $3798 Traditional Rental Income: $4380 Airbnb ROI: 1.93% Traditional ROI: 3.44%
74 Pollard Cove W lot: 41 Watersound, FL Welcome to the newly completed Rosecliffe II, by Romair Homes - a beautifully crafted sing...	4 beds \| 5 baths \| 2,609 sq.ft.	$1,806,500	Airbnb cash on cash: 0.63% Traditional cash on cash: 1.53% Airbnb Rental Income: $3798 Traditional Rental Income: $4490 Airbnb ROI: 0.63% Traditional ROI: 1.53%
148 E Seabrook Way lot: 29 Watersound, FL Experience modern luxury in this brand-new Cyra floor plan by Arkon Group, located in Powe...	3 beds \| 4 baths \| 2,213 sq.ft.	$930,000	Airbnb cash on cash: 1.14% Traditional cash on cash: 2.46% Airbnb Rental Income: $2646 Traditional Rental Income: $3159 Airbnb ROI: 1.14% Traditional ROI: 2.46%
11 S Lake Bridge Lane Watersound, FL 11 S Lake Bridge Lane in Water Sound Beach offers a rare combination of Coastal Dune Lake ...	4 beds \| 5 baths \| 3,082 sq.ft.	$6,495,000	Airbnb cash on cash: -1.18% Traditional cash on cash: -0.93% Airbnb Rental Income: $3798 Traditional Rental Income: $4494 Airbnb ROI: -1.18% Traditional ROI: -0.93%
158 E Seabrook Way lot: 28 Watersound, FL Welcome to the Florence floor plan, a stunning new construction home situated on a corner ...	4 beds \| 4 baths \| 2,484 sq.ft.	$1,043,750	Airbnb cash on cash: 1.81% Traditional cash on cash: 3.25% Airbnb Rental Income: $3798 Traditional Rental Income: $4380 Airbnb ROI: 1.81% Traditional ROI: 3.25%
359 A Suwannee Drive #66A Watersound, FL The Anfield plan offers 1,442 square feet, 2 bedrooms, 2.5 bathrooms, and a 1.5-car garage...	2 beds \| 3 baths \| 1,442 sq.ft.	$547,460	Airbnb cash on cash: 4.63% Traditional cash on cash: 1.48% Airbnb Rental Income: $4870 Traditional Rental Income: $2259 Airbnb ROI: 4.63% Traditional ROI: 1.48%
320 Naturewalk Boulevard Watersound, FL Rare relaunch. Shows better than a model home. One-of-a-kind floor plan in the exclusive g...	4 beds \| 3 baths \| 2,671 sq.ft.	$1,174,999	Airbnb cash on cash: 0.89% Traditional cash on cash: 0.86% Airbnb Rental Income: $3798 Traditional Rental Income: $2949 Airbnb ROI: 0.89% Traditional ROI: 0.86%
23 Green Heron Street lot: 54 Watersound, FL *Fully Furnished Brady MODEL - this is a true turn-key opportunity!! in the Longleaf Park ...	3 beds \| 3 baths \| 1,960 sq.ft.	$839,900	Airbnb cash on cash: 0.4% Traditional cash on cash: 1.44% Airbnb Rental Income: $2646 Traditional Rental Income: $2828 Airbnb ROI: 0.4% Traditional ROI: 1.44%
165 Needle Cast Lane Watersound, FL Some homes are built. This one was composed. Set on a quiet street in the coveted Stillwat...	4 beds \| 4 baths \| 4,997 sq.ft.	$3,895,000	Airbnb cash on cash: -0.75% Traditional cash on cash: -0.85% Airbnb Rental Income: $3798 Traditional Rental Income: $2638 Airbnb ROI: -0.75% Traditional ROI: -0.85%
280 Green Heron Street lot: 28 Watersound, FL Welcome to the Alana II, a thoughtfully designed residence located in the Longleaf Park ne...	2 beds \| 2 baths \| 1,570 sq.ft.	$698,900	Airbnb cash on cash: 3.71% Traditional cash on cash: 0.85% Airbnb Rental Income: $4870 Traditional Rental Income: $2009 Airbnb ROI: 3.71% Traditional ROI: 0.85%
290 Green Heron Street lot: 27 Watersound, FL Welcome to the Colt XL, located in the Longleaf Park neighborhood of Watersound Origins wi...	3 beds \| 3 baths \| 1,940 sq.ft.	$792,770	Airbnb cash on cash: 0.54% Traditional cash on cash: 0.66% Airbnb Rental Income: $2646 Traditional Rental Income: $2105 Airbnb ROI: 0.54% Traditional ROI: 0.66%
425 Lafayette Road Watersound, FL Check out the new pool deck & landscaping! Enjoy an amenity-rich lifestyle in Watersound O...	4 beds \| 4 baths \| 2,624 sq.ft.	$1,268,975	Airbnb cash on cash: 0.54% Traditional cash on cash: 2.63% Airbnb Rental Income: $3798 Traditional Rental Income: $5444 Airbnb ROI: 0.54% Traditional ROI: 2.63%
999 Suwannee Drive lot: 1 Watersound, FL The new price reflects a builder discount of $105,480. Welcome to the Macy by Huff Homes, ...	4 beds \| 4 baths \| 2,805 sq.ft.	$1,103,880	Airbnb cash on cash: 0.79% Traditional cash on cash: 0.56% Airbnb Rental Income: $3798 Traditional Rental Income: $2734 Airbnb ROI: 0.79% Traditional ROI: 0.56%
1029 Suwannee Drive lot: 4 Watersound, FL *The new price reflects a builder discount of $ 49,530. Welcome to the Brady plan, located...	3 beds \| 3 baths \| 2,100 sq.ft.	$929,435	Airbnb cash on cash: 0.18% Traditional cash on cash: 0.44% Airbnb Rental Income: $2646 Traditional Rental Income: $2233 Airbnb ROI: 0.18% Traditional ROI: 0.44%
1009 Suwannee Drive lot: 2 Watersound, FL *The new price reflects a builder discount of $42,355. Welcome to the Colt plan, located i...	3 beds \| 3 baths \| 2,025 sq.ft.	$869,900	Airbnb cash on cash: 0.33% Traditional cash on cash: 0.56% Airbnb Rental Income: $2646 Traditional Rental Income: $2203 Airbnb ROI: 0.33% Traditional ROI: 0.56%
78 Hutton Cove lot: 55 Watersound, FL Welcome to the Sydney plan, part of the Preserve Collection in the Arborview Park neighbor...	4 beds \| 3 baths \| 2,405 sq.ft.	$1,509,475	Airbnb cash on cash: 0.08% Traditional cash on cash: -0.17% Airbnb Rental Income: $3798 Traditional Rental Income: $2629 Airbnb ROI: 0.08% Traditional ROI: -0.17%
189 N Southern Cross Lane Watersound, FL At 189 N Southern Cross Lane, a sense of anticipation lingers in the air--an emerging resi...	5 beds \| 7 baths \| 5,525 sq.ft.	$5,500,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 0.41% Airbnb Rental Income: $4929 Traditional Rental Income: $7941 Airbnb ROI: -0.38% Traditional ROI: 0.41%
81 Hutton Cove lot: 75 Watersound, FL The Ficus rear-load garage plan in the Preserve Collection at Arborview Park offers 2,685 ...	4 beds \| 5 baths \| 2,685 sq.ft.	$1,765,125	Airbnb cash on cash: -0.21% Traditional cash on cash: -0.14% Airbnb Rental Income: $3798 Traditional Rental Income: $3090 Airbnb ROI: -0.21% Traditional ROI: -0.14%
91 Hutton Cove lot: 74 Watersound, FL With an estimated completion for end of September '26, the Hampton plan in the Preserve Co...	4 beds \| 3 baths \| 2,825 sq.ft.	$1,801,247	Airbnb cash on cash: -0.24% Traditional cash on cash: -0.35% Airbnb Rental Income: $3798 Traditional Rental Income: $2800 Airbnb ROI: -0.24% Traditional ROI: -0.35%
88 Hutton Cove lot: 56 Watersound, FL Estimated to be complete at the end of July, the Mirival plan in Arborview Park at Waterso...	4 beds \| 5 baths \| 3,020 sq.ft.	$1,887,912	Airbnb cash on cash: -0.32% Traditional cash on cash: -0.19% Airbnb Rental Income: $3798 Traditional Rental Income: $3191 Airbnb ROI: -0.32% Traditional ROI: -0.19%
Porter Way lot: 67 Watersound, FL Introducing the Victor plan by Boswell Builders, a thoughtfully designed single-level resi...	4 beds \| 5 baths \| 2,448 sq.ft.	$1,104,005	Airbnb cash on cash: 0.79% Traditional cash on cash: 0.84% Airbnb Rental Income: $3798 Traditional Rental Income: $3031 Airbnb ROI: 0.79% Traditional ROI: 0.84%
64 W Firethorn Circle Watersound, FL Welcome to Watersound Origins, 'The Pines Preserve', a like-new 4BR/3BA single-level resid...	4 beds \| 3 baths \| 2,175 sq.ft.	$1,149,900	Airbnb cash on cash: 1.28% Traditional cash on cash: 1.18% Airbnb Rental Income: $3798 Traditional Rental Income: $2875 Airbnb ROI: 1.28% Traditional ROI: 1.18%
332 Pollard Cove E lot: 118 Watersound, FL The Darien III by Romair is a custom residence with a detached carriage house, offering 4,...	5 beds \| 6 baths \| 4,775 sq.ft.	$3,446,650	Airbnb cash on cash: -0.77% Traditional cash on cash: -0.46% Airbnb Rental Income: $4929 Traditional Rental Income: $4893 Airbnb ROI: -0.77% Traditional ROI: -0.46%
339-B Suwannee Drive #70B Watersound, FL Welcome to the Lucas by Fischer Homes, a paired patio villa offering 1,410 square feet of ...	2 beds \| 2 baths \| 1,410 sq.ft.	$534,995	Airbnb cash on cash: 4.98% Traditional cash on cash: 1.06% Airbnb Rental Income: $4870 Traditional Rental Income: $1909 Airbnb ROI: 4.98% Traditional ROI: 1.06%
130 E Elliot Way Watersound, FL Nestled within the highly sought-after Powell Landing enclave of Watersound Origins, just ...	5 beds \| 5 baths \| 5,103 sq.ft.	$3,995,000	Airbnb cash on cash: -0.85% Traditional cash on cash: -0.4% Airbnb Rental Income: $4929 Traditional Rental Income: $5587 Airbnb ROI: -0.85% Traditional ROI: -0.4%
1019 Suwannee Drive lot: 3 Watersound, FL *The new pricing reflects a builder discount of $55,780. The Brigette plan offers 2,200 sq...	4 beds \| 4 baths \| 2,200 sq.ft.	$894,900	Airbnb cash on cash: 1.42% Traditional cash on cash: 0.92% Airbnb Rental Income: $3798 Traditional Rental Income: $2565 Airbnb ROI: 1.42% Traditional ROI: 0.92%
20 A Skimmer Cove Loop #24A Watersound, FL The Anfield paired patio home offers 1,442 square feet, 2 bedrooms, 2.5 bathrooms, and a 1...	3 beds \| 3 baths \| 1,442 sq.ft.	$566,525	Airbnb cash on cash: 1.1% Traditional cash on cash: 0.74% Airbnb Rental Income: $2646 Traditional Rental Income: $1821 Airbnb ROI: 1.1% Traditional ROI: 0.74%
36 Milestone Drive #A Watersound, FL Experience the ultimate 30A lifestyle in this beautifully appointed, turn-key end-unit tow...	3 beds \| 3 baths \| 1,747 sq.ft.	$940,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 0.91% Airbnb Rental Income: $2646 Traditional Rental Income: $2388 Airbnb ROI: 0.48% Traditional ROI: 0.91%
70 W Elliot Way lot: 55 Watersound, FL This custom residence by Huff Homes offers 4,200 square feet, 5 bedrooms, 5.5 bathrooms, a...	5 beds \| 6 baths \| 4,200 sq.ft.	$3,195,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 1.54% Airbnb Rental Income: $4929 Traditional Rental Income: $7718 Airbnb ROI: 0.25% Traditional ROI: 1.54%
430 A Suwannee Drive #18A Watersound, FL The Anfield plan offers 1,442 square feet, 2 bedrooms, 2.5 bathrooms, and a 1.5-car garage...	2 beds \| 3 baths \| 1,442 sq.ft.	$553,516	Airbnb cash on cash: 5.42% Traditional cash on cash: 2.4% Airbnb Rental Income: $4870 Traditional Rental Income: $2309 Airbnb ROI: 5.42% Traditional ROI: 2.4%
430 B Suwannee Drive #18B Watersound, FL The Lucas plan offers 1,418 square feet, 2 bedrooms, 2 bathrooms, and a 1.5-car garage in ...	2 beds \| 2 baths \| 1,418 sq.ft.	$539,995	Airbnb cash on cash: 5.6% Traditional cash on cash: 2.45% Airbnb Rental Income: $4870 Traditional Rental Income: $2279 Airbnb ROI: 5.6% Traditional ROI: 2.45%
359 B Suwannee Drive #66B Watersound, FL The Lucas plan offers 1,418 square feet, 2 bedrooms, 2 bathrooms, and a 1.5-car garage in ...	2 beds \| 2 baths \| 1,418 sq.ft.	$539,950	Airbnb cash on cash: 5.6% Traditional cash on cash: 2.45% Airbnb Rental Income: $4870 Traditional Rental Income: $2279 Airbnb ROI: 5.6% Traditional ROI: 2.45%
57 E Elliot Way lot: 63 Watersound, FL This custom home in Powell Landing West at Watersound Origins offers 4,460 square feet, 5 ...	5 beds \| 7 baths \| 4,460 sq.ft.	$3,395,900	Airbnb cash on cash: 0.18% Traditional cash on cash: 1.41% Airbnb Rental Income: $4929 Traditional Rental Income: $7796 Airbnb ROI: 0.18% Traditional ROI: 1.41%
122 N Somerset Street Watersound, FL Amazing opportunity to own in Alys Beach! 3BR / 3.5BA townhome with a garage located just ...	3 beds \| 4 baths \| 2,004 sq.ft.	$3,495,000	Airbnb cash on cash: -1.17% Traditional cash on cash: -0.8% Airbnb Rental Income: $2646 Traditional Rental Income: $3231 Airbnb ROI: -1.17% Traditional ROI: -0.8%

Watersound, FL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 54 investment properties available for sale in Watersound.

In 2026, the best neighborhood to buy investment property is Watersound.

The ROI for Short-Term is higher than the Long-Term in Watersound with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Watersound, FL

19 Creek Bridge Way

Watersound, FL

4 beds | 5 baths | 3,270 sq.ft.

$2,895,000

Airbnb cash on cash: -0.86%

Traditional cash on cash: 0.32%

Airbnb Rental Income: $3798

Traditional Rental Income: $6135

Airbnb ROI: -0.86%

Traditional ROI: 0.32%

8 S Watch Tower Lane

Watersound, FL

4 beds | 5 baths | 2,643 sq.ft.

$3,200,000

Airbnb cash on cash: -1.14%

Traditional cash on cash: -0.52%

Airbnb Rental Income: $3798

Traditional Rental Income: $4822

Airbnb ROI: -1.14%

Traditional ROI: -0.52%

100 Sawbuck Drive

Watersound, FL

5 beds | 5 baths | 3,200 sq.ft.

$1,955,000

Airbnb cash on cash: 1.07%

Traditional cash on cash: 2.18%

Airbnb Rental Income: $4929

Traditional Rental Income: $5937

Airbnb ROI: 1.07%

Traditional ROI: 2.18%

74 Governors Court #W402

Watersound, FL

2 beds | 2 baths | 1,353 sq.ft.

$3,250,000

Airbnb cash on cash: -0.92%

Traditional cash on cash: -1.24%

Airbnb Rental Income: $4870

Traditional Rental Income: $2904

Airbnb ROI: -0.92%

Traditional ROI: -1.24%

407 Pollard Cove E lot: 100

Watersound, FL

5 beds | 5 baths | 3,416 sq.ft.

$2,111,850

Airbnb cash on cash: 0.87%

Traditional cash on cash: 1.39%

Airbnb Rental Income: $4929

Traditional Rental Income: $4925

Airbnb ROI: 0.87%

Traditional ROI: 1.39%

54 Pollard Cove W lot: 43

Watersound, FL

4 beds | 5 baths | 3,297 sq.ft.

$1,963,900

Airbnb cash on cash: -0.38%

Traditional cash on cash: 0.54%

Airbnb Rental Income: $3798

Traditional Rental Income: $4662

Airbnb ROI: -0.38%

Traditional ROI: 0.54%

42 E Seabrook Way lot: 34

Watersound, FL

4 beds | 4 baths | 2,484 sq.ft.

$999,600

Airbnb cash on cash: 1.93%

Traditional cash on cash: 3.44%

Airbnb Rental Income: $3798

Traditional Rental Income: $4380

Airbnb ROI: 1.93%

Traditional ROI: 3.44%

74 Pollard Cove W lot: 41

Watersound, FL

4 beds | 5 baths | 2,609 sq.ft.

$1,806,500

Airbnb cash on cash: 0.63%

Traditional cash on cash: 1.53%

Airbnb Rental Income: $3798

Traditional Rental Income: $4490

Airbnb ROI: 0.63%