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 master-planned 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.