Exemplary coastal cottage primely situated on Crimson Park in coveted Phase I of Watercolor offering excellent proximity to the exclusive beach club as well as boutique shopping, dining and entertainment. This property also offers ample rental opportunity with +$79,000 in projected gross annual rental revenue. Characterized by an outstanding open floor plan, this four bedroom retreat is well designed offering a spacious open living room that flows directly into the custom designed chef's kitchen anchored by a center island with well appointed finishes including stainless appliances, ample custom cabinet storage, granite countertops and a built-in breakfast nook. The first floor living area also offers easy access to the spacious screened-in porch area overlooking the rose garden in CrimsonPark. There is a full bedroom suite and bunk room on the first level with an adjoining full bathroom. The second level offers a full bedroom suite that was recently added including a sizable bedroom and ensuite bathroom complete with a walk-in shower & private laundry area. The oversized master level is on the third floor and offers a separate living area as well as a beautiful ensuite complete with vaulted ceilings and well-appointed master bath highlighted by dual vanities, soaking tub, walk in shower and water closet. Watercolor is a premier masterplanned new urbanism community offering walking distance to world class amenities including the exclusive Watercolor Beach Club as well as all of the boutique shopping, dining and entertainment of Seaside.