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
260 Salt Box Lane Watersound, FL Experience the Essence of Coastal Elegance in Watersound Beach Nestled along the iconic S...	3 beds \| 3 baths \| 1,717 sq.ft.	$2,150,000	Airbnb cash on cash: 0.41% Traditional cash on cash: -0.64% Airbnb Rental Income: $5269 Traditional Rental Income: $2113 Airbnb ROI: 0.41% Traditional ROI: -0.64%
74 Governors Court #W304 Watersound, FL Turnkey 3BR/3BA condo in Alys Beach. Centrally located at the Whitby, one of the newest co...	3 beds \| 3 baths \| 1,878 sq.ft.	$3,850,000	Airbnb cash on cash: -0.42% Traditional cash on cash: -0.91% Airbnb Rental Income: $5269 Traditional Rental Income: $2470 Airbnb ROI: -0.42% Traditional ROI: -0.91%
436 Cannonball Lane #Lot 3 Watersound, FL Entered for comp purposes only. This stunning new home built by Dune Construction featur...	4 beds \| 5 baths \| 3,787 sq.ft.	$2,950,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 1.18% Airbnb Rental Income: $7019 Traditional Rental Income: $6337 Airbnb ROI: 0.93% Traditional ROI: 1.18%
101 Pollard Cove East #Lot 12 Watersound, FL Entered for comp purposes only. Welcome to the brand new Avalon plan from Boswell Builder...	4 beds \| 5 baths \| 2,448 sq.ft.	$958,440	Airbnb cash on cash: 5.16% Traditional cash on cash: 5.35% Airbnb Rental Income: $7019 Traditional Rental Income: $5826 Airbnb ROI: 5.16% Traditional ROI: 5.35%
133 Pollard Cove East #Lot 15 Watersound, FL Entered for Comp purposes only. Appraiser, please see contract for a full list of features...	4 beds \| 5 baths \| 2,925 sq.ft.	$1,151,500	Airbnb cash on cash: 4.13% Traditional cash on cash: 3.4% Airbnb Rental Income: $7019 Traditional Rental Income: $4872 Airbnb ROI: 4.13% Traditional ROI: 3.4%
Tbd E Pollard Cove #Lot 95 Watersound, FL Recent price increase reflects the addition of enclosing the outdoor cabana! See details b...	4 beds \| 6 baths \| 4,827 sq.ft.	$2,602,925	Airbnb cash on cash: 1.28% Traditional cash on cash: 1.99% Airbnb Rental Income: $7019 Traditional Rental Income: $7389 Airbnb ROI: 1.28% Traditional ROI: 1.99%
Tbd E Pollard Cove #Lot 93 Watersound, FL New from Key Lime Construction in Powell Landing East, the Bienville is a 4,105 square foo...	4 beds \| 5 baths \| 4,105 sq.ft.	$2,425,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 1.16% Airbnb Rental Income: $7019 Traditional Rental Income: $5024 Airbnb ROI: 1.45% Traditional ROI: 1.16%
27 Admiralty Row #207 Watersound, FL Welcome to Residence 207 nestled within the sought after and distinguished low density Del...	2 beds \| 3 baths \| 1,638 sq.ft.	$3,500,000	Airbnb cash on cash: -0.86% Traditional cash on cash: -1.25% Airbnb Rental Income: $4921 Traditional Rental Income: $2661 Airbnb ROI: -0.86% Traditional ROI: -1.25%
182 E Pollard Cove #Lot 79 Watersound, FL Entered for comp purposes only. Welcome to the brand new Avalon plan from Boswell Builder...	3 beds \| 4 baths \| 2,152 sq.ft.	$842,750	Airbnb cash on cash: 4.14% Traditional cash on cash: 2.74% Airbnb Rental Income: $5269 Traditional Rental Income: $3103 Airbnb ROI: 4.14% Traditional ROI: 2.74%
102 Porter Way #Lot 59 Watersound, FL Entered for comp purposes only. Appraiser please see contract for a full list of upgrades ...	4 beds \| 5 baths \| 2,448 sq.ft.	$1,187,540	Airbnb cash on cash: 3.98% Traditional cash on cash: 2.67% Airbnb Rental Income: $7019 Traditional Rental Income: $4218 Airbnb ROI: 3.98% Traditional ROI: 2.67%
328 W Firethorn Circle #Lot 32 Watersound, FL Entered for comp purposes only. Appraiser, see contract for a full list of included featur...	5 beds \| 6 baths \| 3,350 sq.ft.	$1,430,871	Airbnb cash on cash: 2.63% Traditional cash on cash: 4.42% Airbnb Rental Income: $6281 Traditional Rental Income: $7435 Airbnb ROI: 2.63% Traditional ROI: 4.42%
360 Suwannee Drive #12B Watersound, FL Entered for Comp purposes. Presenting The Villas at Longleaf Park, a new addition to the...	2 beds \| 2 baths \| 1,418 sq.ft.	$541,044	Airbnb cash on cash: 5.6% Traditional cash on cash: 2.13% Airbnb Rental Income: $4921 Traditional Rental Income: $2160 Airbnb ROI: 5.6% Traditional ROI: 2.13%
360 Suwannee Drive #12A Watersound, FL Welcome to The Villas at Longleaf Park, an exciting new addition to Watersound Origins, of...	3 beds \| 3 baths \| 1,442 sq.ft.	$543,894	Airbnb cash on cash: 6.13% Traditional cash on cash: 2.2% Airbnb Rental Income: $5269 Traditional Rental Income: $2204 Airbnb ROI: 6.13% Traditional ROI: 2.2%
323 Suwannee Drive #72A Watersound, FL Welcome to The Villas at Longleaf Park, an exciting new addition to Watersound Origins, of...	2 beds \| 2 baths \| 1,442 sq.ft.	$547,552	Airbnb cash on cash: 5.51% Traditional cash on cash: 2.26% Airbnb Rental Income: $4921 Traditional Rental Income: $2248 Airbnb ROI: 5.51% Traditional ROI: 2.26%
348 W Firethorn Circle #Lot 30 Watersound, FL Entered for comp purposes only. Appraiser, see contract for a full list of included featur...	4 beds \| 5 baths \| 2,700 sq.ft.	$1,353,292	Airbnb cash on cash: 3.32% Traditional cash on cash: 2.3% Airbnb Rental Income: $7019 Traditional Rental Income: $4380 Airbnb ROI: 3.32% Traditional ROI: 2.3%
68 Creek Bridge Way Watersound, FL A special opportunity to make a special lakefront home, nestled in the sought-after gated ...	5 beds \| 6 baths \| 4,333 sq.ft.	$4,295,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 0.16% Airbnb Rental Income: $6281 Traditional Rental Income: $8389 Airbnb ROI: -0.68% Traditional ROI: 0.16%
55 E Seabrook Way #Lot 16 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.	$1,062,500	Airbnb cash on cash: 4.56% Traditional cash on cash: 2.25% Airbnb Rental Income: $7019 Traditional Rental Income: $3375 Airbnb ROI: 4.56% Traditional ROI: 2.25%
Tbd Cannonball Lane #Lot 10 Watersound, FL Entered for comp purposes. Appraiser please see contract for a full list of features and u...	5 beds \| 7 baths \| 5,292 sq.ft.	$3,725,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 1.07% Airbnb Rental Income: $6281 Traditional Rental Income: $7530 Airbnb ROI: 0.35% Traditional ROI: 1.07%
Tbd E Seabrook Way #Lot 21 Watersound, FL Entered for comp purposes only. Appraiser please see contract for a full list of features...	4 beds \| 5 baths \| 3,244 sq.ft.	$1,375,000	Airbnb cash on cash: 3.3% Traditional cash on cash: 2.85% Airbnb Rental Income: $7019 Traditional Rental Income: $5078 Airbnb ROI: 3.3% Traditional ROI: 2.85%
350 Suwannee Drive #10B Watersound, FL Entered for comp purposes. Welcome to The Villas at Longleaf Park in the Watersound Origin...	2 beds \| 2 baths \| 1,418 sq.ft.	$522,444	Airbnb cash on cash: 5.86% Traditional cash on cash: 2.42% Airbnb Rental Income: $4921 Traditional Rental Income: $2230 Airbnb ROI: 5.86% Traditional ROI: 2.42%
349 Suwannee Drive #68B Watersound, FL Entered for comp purposes. Welcome to The Villas at Longleaf Park in the Watersound Origin...	2 beds \| 2 baths \| 1,418 sq.ft.	$537,257	Airbnb cash on cash: 5.65% Traditional cash on cash: 2.3% Airbnb Rental Income: $4921 Traditional Rental Income: $2230 Airbnb ROI: 5.65% Traditional ROI: 2.3%
400 Suwannee Drive #16A Watersound, FL Entered for comp purposes. Welcome to The Villas at Longleaf Park, an exciting new additio...	2 beds \| 3 baths \| 1,442 sq.ft.	$563,187	Airbnb cash on cash: 5.3% Traditional cash on cash: 2.2% Airbnb Rental Income: $4921 Traditional Rental Income: $2281 Airbnb ROI: 5.3% Traditional ROI: 2.2%
349 Suwannee Drive #68A Watersound, FL Entered for comp purposes. Welcome to The Villas at Longleaf Park, an exciting new additio...	2 beds \| 2 baths \| 1,442 sq.ft.	$507,488	Airbnb cash on cash: 6.09% Traditional cash on cash: 2.61% Airbnb Rental Income: $4921 Traditional Rental Income: $2262 Airbnb ROI: 6.09% Traditional ROI: 2.61%
81 E Seabrook Way #Lot 19 Watersound, FL Entrered for comp purposes. Welcome to the Florence floor plan by Arkon Group, a stunning ...	4 beds \| 4 baths \| 2,425 sq.ft.	$1,073,100	Airbnb cash on cash: 4.51% Traditional cash on cash: 2.26% Airbnb Rental Income: $7019 Traditional Rental Income: $3416 Airbnb ROI: 4.51% Traditional ROI: 2.26%
103 Porter Way #Lot 78 Watersound, FL Entered for comp purposes only. Welcome to the brand new Avalon plan from Boswell Builder...	3 beds \| 4 baths \| 2,150 sq.ft.	$848,750	Airbnb cash on cash: 4.11% Traditional cash on cash: 2.89% Airbnb Rental Income: $5269 Traditional Rental Income: $3239 Airbnb ROI: 4.11% Traditional ROI: 2.89%
327 W Firethorn Circle #Lot 43 Watersound, FL Entered for comp purpose. Appraiser see contract for a full list of features and upgrades....	4 beds \| 4 baths \| 2,555 sq.ft.	$1,186,875	Airbnb cash on cash: 3.11% Traditional cash on cash: 1.13% Airbnb Rental Income: $7019 Traditional Rental Income: $3479 Airbnb ROI: 3.11% Traditional ROI: 1.13%
728 Breakers Street Watersound, FL SELLER OFFERING UP TO $10,000 TOWARDS BUYER'S CLOSING COSTS OR BUYING DOWN INTEREST* W...	4 beds \| 5 baths \| 3,397 sq.ft.	$1,600,000	Airbnb cash on cash: 2.36% Traditional cash on cash: 2.08% Airbnb Rental Income: $7019 Traditional Rental Income: $5253 Airbnb ROI: 2.36% Traditional ROI: 2.08%
29 Tidal Bridge Way Watersound, FL Few homes capture the essence of ultra-luxury coastal elegance as effortlessly as 29 Tidal...	4 beds \| 5 baths \| 3,289 sq.ft.	$3,995,000	Airbnb cash on cash: -0.34% Traditional cash on cash: -0.51% Airbnb Rental Income: $7019 Traditional Rental Income: $5035 Airbnb ROI: -0.34% Traditional ROI: -0.51%
395 Suwannee Drive #60B Watersound, FL Entered for comp purposes. Welcome to The Villas at Longleaf Park in the Watersound Origin...	2 beds \| 2 baths \| 1,418 sq.ft.	$522,273	Airbnb cash on cash: 5.86% Traditional cash on cash: 2.41% Airbnb Rental Income: $4921 Traditional Rental Income: $2227 Airbnb ROI: 5.86% Traditional ROI: 2.41%
132 N Somerset Street Street Watersound, FL Fully furnished and nestled in the heart of Alys Beach, this exquisite home epitomizes the...	3 beds \| 4 baths \| 2,004 sq.ft.	$3,850,000	Airbnb cash on cash: -0.64% Traditional cash on cash: -0.98% Airbnb Rental Income: $5269 Traditional Rental Income: $3005 Airbnb ROI: -0.64% Traditional ROI: -0.98%
373 Suwannee Drive #64A Watersound, FL Welcome to The Villas at Longleaf Park, an exciting new addition to Watersound Origins, of...	2 beds \| 2 baths \| 1,442 sq.ft.	$563,217	Airbnb cash on cash: 5.3% Traditional cash on cash: 2.16% Airbnb Rental Income: $4921 Traditional Rental Income: $2259 Airbnb ROI: 5.3% Traditional ROI: 2.16%
128 Ravine Rd Road Watersound, FL Experience the best of coastal living at this upgraded 3/2 located within one of the most ...	3 beds \| 2 baths \| 1,674 sq.ft.	$729,900	Airbnb cash on cash: 4.78% Traditional cash on cash: 2.27% Airbnb Rental Income: $5269 Traditional Rental Income: $2496 Airbnb ROI: 4.78% Traditional ROI: 2.27%
400 Suwannee Drive #16B Watersound, FL Entered for Comp purposes. Presenting The Villas at Longleaf Park, a new addition to the...	2 beds \| 2 baths \| 1,418 sq.ft.	$535,401	Airbnb cash on cash: 5.67% Traditional cash on cash: 2.31% Airbnb Rental Income: $4921 Traditional Rental Income: $2227 Airbnb ROI: 5.67% Traditional ROI: 2.31%
Tbd Pollard Cove East Way #Lot 22 Watersound, FL Entered for comp purposes. Welcome to the Florence floor plan by Arkon Group, a stunning ...	4 beds \| 4 baths \| 2,484 sq.ft.	$1,027,500	Airbnb cash on cash: 4.65% Traditional cash on cash: 2.27% Airbnb Rental Income: $7019 Traditional Rental Income: $3377 Airbnb ROI: 4.65% Traditional ROI: 2.27%
358 W Firethorn Circle #Lot 29 Watersound, FL Entered for comp purpose. Appraiser see contract for a full list of features and upgrades....	4 beds \| 4 baths \| 2,520 sq.ft.	$1,056,575	Airbnb cash on cash: 4.53% Traditional cash on cash: 2.22% Airbnb Rental Income: $7019 Traditional Rental Income: $3390 Airbnb ROI: 4.53% Traditional ROI: 2.22%
337 W Firethorn Circle #Lot 44 Watersound, FL Entered for comp purposes only. Appraiser, see contract for a full list of included featur...	4 beds \| 5 baths \| 2,700 sq.ft.	$1,205,950	Airbnb cash on cash: 3.85% Traditional cash on cash: 2.71% Airbnb Rental Income: $7019 Traditional Rental Income: $4390 Airbnb ROI: 3.85% Traditional ROI: 2.71%
445 Suwannee Drive #52A Watersound, FL Entered for comp purposes. Welcome to The Villas at Longleaf Park, an exciting new additi...	2 beds \| 2 baths \| 1,442 sq.ft.	$582,371	Airbnb cash on cash: 5.07% Traditional cash on cash: 2.03% Airbnb Rental Income: $4921 Traditional Rental Income: $2259 Airbnb ROI: 5.07% Traditional ROI: 2.03%
27 Admiralty Row #305 Watersound, FL Welcome and experience unparalleled luxury at The Della Condominiums, an exquisite 2-bedro...	2 beds \| 3 baths \| 1,793 sq.ft.	$3,600,000	Airbnb cash on cash: -0.09% Traditional cash on cash: -0.35% Airbnb Rental Income: $4921 Traditional Rental Income: $3027 Airbnb ROI: -0.09% Traditional ROI: -0.35%
315 Lafayette Road Watersound, FL Beautiful Sunset Lake Views \| Four Person Infrared Sauna and Cold Plunge \| 3-Car Garage \| ...	4 beds \| 4 baths \| 3,200 sq.ft.	$1,699,000	Airbnb cash on cash: 1.98% Traditional cash on cash: 1.2% Airbnb Rental Income: $7019 Traditional Rental Income: $4422 Airbnb ROI: 1.98% Traditional ROI: 1.2%
109 Kaiya Avenue Avenue Watersound, FL A true one-of-a-kind retreat in Kaiya Beach Resort, 109 Kaiya Avenue delivers more than 4,...	4 beds \| 5 baths \| 4,190 sq.ft.	$5,850,000	Airbnb cash on cash: -0.66% Traditional cash on cash: -0.71% Airbnb Rental Income: $7019 Traditional Rental Income: $5363 Airbnb ROI: -0.66% Traditional ROI: -0.71%

Real Estate investment in Watersound, FL

There are 43 properties for sale in the city of Watersound . The median list price in Watersound is $1,187,540 and the average price per square foot is $473. In October 2025, the average monthly cash on cash return in Watersound is 2.00%. The average monthly rental income in Watersound is $3,307.

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

There are 43 investment properties available for sale in Watersound.

In 2025, 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 $6,281.

Your search for investment property begins and ends here

Investment Property for Sale in Watersound, FL

260 Salt Box Lane

Watersound, FL

3 beds | 3 baths | 1,717 sq.ft.

$2,150,000

Airbnb cash on cash: 0.41%

Traditional cash on cash: -0.64%

Airbnb Rental Income: $5269

Traditional Rental Income: $2113

Airbnb ROI: 0.41%

Traditional ROI: -0.64%

74 Governors Court #W304

Watersound, FL

3 beds | 3 baths | 1,878 sq.ft.

$3,850,000

Airbnb cash on cash: -0.42%

Traditional cash on cash: -0.91%

Airbnb Rental Income: $5269

Traditional Rental Income: $2470

Airbnb ROI: -0.42%

Traditional ROI: -0.91%

436 Cannonball Lane #Lot 3

Watersound, FL

4 beds | 5 baths | 3,787 sq.ft.

$2,950,000

Airbnb cash on cash: 0.93%

Traditional cash on cash: 1.18%

Airbnb Rental Income: $7019

Traditional Rental Income: $6337

Airbnb ROI: 0.93%

Traditional ROI: 1.18%

101 Pollard Cove East #Lot 12

Watersound, FL

4 beds | 5 baths | 2,448 sq.ft.

$958,440

Airbnb cash on cash: 5.16%

Traditional cash on cash: 5.35%

Airbnb Rental Income: $7019

Traditional Rental Income: $5826

Airbnb ROI: 5.16%

Traditional ROI: 5.35%

133 Pollard Cove East #Lot 15

Watersound, FL

4 beds | 5 baths | 2,925 sq.ft.

$1,151,500

Airbnb cash on cash: 4.13%

Traditional cash on cash: 3.4%

Airbnb Rental Income: $7019

Traditional Rental Income: $4872

Airbnb ROI: 4.13%

Traditional ROI: 3.4%

Tbd E Pollard Cove #Lot 95

Watersound, FL

4 beds | 6 baths | 4,827 sq.ft.

$2,602,925

Airbnb cash on cash: 1.28%

Traditional cash on cash: 1.99%

Airbnb Rental Income: $7019

Traditional Rental Income: $7389

Airbnb ROI: 1.28%

Traditional ROI: 1.99%

Tbd E Pollard Cove #Lot 93

Watersound, FL

4 beds | 5 baths | 4,105 sq.ft.

$2,425,000

Airbnb cash on cash: 1.45%

Traditional cash on cash: 1.16%

Airbnb Rental Income: $7019

Traditional Rental Income: $5024

Airbnb ROI: 1.45%

Traditional ROI: 1.16%

27 Admiralty Row #207

Watersound, FL

2 beds | 3 baths | 1,638 sq.ft.

$3,500,000

Airbnb cash on cash: -0.86%

Traditional cash on cash: -1.25%

Airbnb Rental Income: $4921

Traditional Rental Income: $2661

Airbnb ROI: -0.86%