Waterstone
Homes for Sale in Fort Pierce, FL

Waterstone Phase Five is a Fort Pierce neighborhood where the market moves deliberately and pricing reflects what you actually get in finishes and floor plan, not speculative momentum.

BeachesMLS sales records identify 407 homes in Waterstone that have changed hands since 2020, built between 2008 and 2026 (median 2023), with a median living area of about 1,820 sq ft and a typical 4-bedroom, 2-bath layout; 85% are single-family homes. Source: BeachesMLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

County records show 51 qualified sales in Waterstone across 2024–2025 (27 in 2024, 24 in 2025), median $360,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

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.

Waterstone is too small for its own price trend, so here is the market around it.

In ZIP 34951, 233 homes are on the market and 28% are under contract — a steady corner of Fort Pierce.

Across St. Lucie County, 2,467 homes are active and 743 pending (23% under contract).

In ZIP 34951 (Fort Pierce), 353 homes closed in the last 12 months at a median of $313K ($187/sq ft), down 6.2% year over year, with a median 97 days on market. Right now 129 active and 38 pending listings put supply at about 6.0 months — a buyer's market. See the live ZIP 34951 housing market and the St. Lucie County market.

ZIP and county figures describe the wider market, not Waterstone specifically. Momentum Research analysis of MLS records.

The $358K median in Waterstone Phase Five gets you into a relatively recent-vintage single-family home in St. Lucie County, where the value proposition is space and newness rather than walkability or coastal proximity. Fort Pierce proper runs the gamut from historic downtown pockets to sprawling suburban phases like this one; Waterstone Five occupies the latter category—subdivision living with straightforward lot lines and HOA governance we cannot detail from current listing data.

At $183 per square foot, you are paying for drywall and appliances that have not seen decades of salt air. The 65-day market time suggests buyers are doing their homework: inspections matter, appraisal gaps are real, and sellers who price aggressively wait. The year-over-year stability (-0.6%) is notable in a region that has seen sharper swings in older or waterfront inventory; this phase is holding because it delivers predictable product at a price point that still clears for conventional financing without drama.

No community amenities surfaced in the MLS snapshot, so do not expect a resort-style pool complex or staffed fitness center. What you get is the home itself and whatever the broader Waterstone master plan provides—verify that directly if amenities drive your decision. The advantage here is transparency: you are buying construction quality and layout, not a lifestyle brand. Walk the unit, check the HVAC date, confirm the roof warranty, and price accordingly.

Momentum Realty knows the Fort Pierce submarket cold—we will pull recent closed comps from earlier Waterstone phases, flag deferred maintenance red flags during showing, and tell you when an ask is out of step with the 65-day tempo. In a phase with limited live inventory, our access to off-MLS pocket listings and pre-market opportunities gives you first look at the cleanest units. We negotiate with the appraisal in mind and keep transactions on track when slower days-on-market tempt buyers to chase concessions that kill deals. You get honest counsel, not hype.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.