The Gallery at Watersound
Homes for Sale in Inlet Beach, FL

The Gallery at Watersound is a gated custom homesite community in Inlet Beach, Walton County, Florida, off Origins Parkway. The St. Joe Company is the developer, and the community has 81 homesites in total. Homesites are now selling in a first phase: the first 35 homesites were released by competitive bidding, with Founders List early access on October 15, 2026 and public bidding opening October 17, 2026. These are homesites, meaning land, so owners build with a builder of their choice under architectural guidelines. Stated amenities include a community lake, a golf course, nearby trails and walking paths, a resort-style pool and The Pavilion. An HOA budget for 2027 is published on the community site, though the amounts were not stated in the information we have. Pricing has not been published, which is typical when homesites are sold by bid.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

In ZIP 32461 (Inlet Beach), 562 homes closed in the last 12 months at a median of $935K, down 7.0% year over year, with a median 61 days on market. Right now 262 active and 101 pending listings put supply at about 5.9 months — a buyer's market. See the live ZIP 32461 housing market and the Walton County market.

ZIP and county figures describe the wider market, not The Gallery at Watersound specifically. Momentum Research analysis of MLS records.

The Gallery at Watersound sits off Origins Parkway in Inlet Beach, Walton County, Florida. The St. Joe Company is the developer and launched custom homesite sales here. The plan is 81 homesites in a gated setting, with owners building a custom home with a builder of their choice under architectural guidelines.

The first 35 homesites are being sold through competitive bidding, which is the first phase of sales. Founders List early access began October 15, 2026, and public bidding opened October 17, 2026. Stated amenities are a community lake, a golf course, nearby trails and walking paths, a resort-style pool and The Pavilion. A 2027 HOA budget is published on the community site, but the amounts were not stated in the information available to us. Home product, floor plans and pricing are not part of this offering, and pricing has not been published.

Several items remain unconfirmed and should be verified directly with the developer: the bid terms, including deposits, how bids are evaluated and closing timing; the architectural guidelines and design review process, including approval steps and any builder requirements; the build timeline and any deadline to begin or finish construction; the HOA amounts behind the published 2027 budget; and the timing and terms for the remaining homesites beyond the first 35. Ask for each item in writing before you bid.

We track new releases, pricing and incentives across Northwest Florida, so we can tell you when additional Gallery homesites are released and how the bidding evolves. We can also line up nearby alternatives, including other homesite communities and new construction, so you have a real comparison before you commit to a bid.

We read the developer's bid terms, contract, fee stack and timeline with you, line by line, and flag what could affect your cost or schedule. There is no cost to you for this, because the builder or developer pays our fee. That means you get an independent read of the paperwork before you sign.