Waterstone
Homes for Sale in Fort Pierce, FL

All 855 homes for sale in Fort Pierce, FL · median $315,000 · 185 homes for sale in 34951 · St. Lucie County homes for sale

Community in Fort Pierce · St. Lucie County · ZIP 34951
398 homesBuilt 2008–2024Median sale $330K
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Live Market Pulse
12/100
Market Heat
Cooler than normal
2021 → 2026 · 75 at the 2022 peak
0 is Waterstone's coldest market since 2021, 100 its hottest. Today: 12. How it's scored
Built fromLive Beaches MLS data6 years of closingsFL DOR public recordsUpdated twice daily

Over the 12 months ending 2026-09-20, 11 recorded sales closed at a median of $330,000, $200 per square foot, a median 90 days on market, sellers accepting 96% of original asking (-12% versus the prior year). At the median price and St. Lucie County's FY2025-26 rate of 22.85 mills, annual property tax runs about $7,540 ($6,560 with the full homestead exemption).

Part of Waterstone Phase Four, Fort Pierce, FL — see all Waterstone Phase Four homes for sale (37 listings across 4 sections in the MLS).

Waterstone Phase One key facts
LocationFort Pierce, St. Lucie County, FL · ZIP 34951
Homes in the community398 (FL DOR 2025 assessment roll)
Years built2008–2024 (median 2023.0)
Typical living area1,838 sq ft (median)
Sale prices, last 12 months$330,000 median across 11 closed sales · $200 per sq ft · -12.0% vs the prior 12 months
Days on market (closed sales)90 median
Owner-occupied (homestead) share49%

Data as of September 20, 2026. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Waterstone Phase One key facts,” movewithmomentum.com/neighborhoods/waterstone-phase-one, data as of September 20, 2026.

Live · Waterstone Housing Pulse Beaches MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Price
$330K ▼
Median sold · 12 mo
down 12.0% vs the prior 12 months
-12.0% ▼
1-yr price change
n = 11 and 4 sales in the two windows
$200/sf
Sold $/sqft · 12 mo
peak $209 in 2025
96.5%
Sale vs ask
Tempo
90days
Median DOM · closed
12 days at the 2025 low
11
Sold · last 12 mo
10-yr average: about 14 a year
Ownership and context
49%
Owner-occupied · Waterstone
259 of 525 parcels homesteaded (FL DOR 2025)
51%
Non-owner-occupied · Waterstone
incl. 22% trust or LLC-held · 1% out-of-state
398
Homes in the community
plus 127 vacant residential lots · 525 residential parcels (FL DOR 2025)
Track record · 6 years of records
205
Recorded sales · 2024-2025
median $370K · qualified sales on the county roll (FL DOR 2025)
Est. 2008
Community established
homes built 2008-2024, median 2023 (FL DOR 2025)
1,917sqft
Median sold home size
12-mo windows, closed sales
2.8%/yr
Turnover rate
about 11 of 398 homes trade a year
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Waterstone Phase One sits at a median of $365,207 and $196.63 per square foot—Fort Pierce pricing that reflects the planned-community premium over the city's older resale stock, but without the clubhouse or resort amenities that typically underpin that premium. With no identified community amenities, buyers are paying for newer construction, modern layouts, and the promise of a cohesive neighborhood aesthetic, not a lifestyle package.

The market here is sluggish: a 90-day median time on market and a 2.6 percent year-over-year decline signal hesitation. Nine closings in the trailing window is thin activity for a phase-one subdivision. Sellers will need to price sharply to compete, and buyers have room to negotiate—but only if they're comfortable with a community still finding its footing and a price point that isn't yet supported by deep absorption or strong momentum.

Waterstone Housing Pulse · Momentum Research · as of September 20, 2026

Waterstone right now

🔴 Off the recent peak. The trailing-12-month median ($330K) is down 12.0% from the prior 12 months ($375K). With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Beaches MLS closed sales, 12-month windows ending September 20. Confidence: Low (11 and 4 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

· Updated September 27, 2026 · Live data: Beaches MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness

Nearby homes for sale

No active listings inside WaterstoneHomes for Sale in Fort Pierce, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.

5476 LUGO Street
$420K · 0.1 mi away
3 bd · 2 ba · 1,783 sqft
5476 LUGO Street
Listed by RE/MAX Gold
5455 Lugo Street
$440K · 0.1 mi away
4 bd · 2 ba · 1,623 sqft
5455 Lugo Street
Listed by Keller Williams Realty of Vero
5447 Lugo Street
$385K · 0.1 mi away
4 bd · 2 ba · 2,026 sqft
5447 Lugo Street
Listed by LPT Realty, LLC
8166 Merano Avenue
$378K · 0.1 mi away
4 bd · 2 ba · 1,820 sqft
8166 Merano Avenue
Listed by Adams Homes Realty Inc
5435 Lugo Street
$400K · 0.1 mi away
3 bd · 2 ba · 1,763 sqft
5435 Lugo Street
Listed by LPT Realty, LLC
8167 Merano Avenue
$378K · 0.1 mi away
4 bd · 2 ba · 1,820 sqft
8167 Merano Avenue
Listed by Adams Homes Realty Inc

Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.

The 60-Second Overview

Waterstone market snapshot (as of September 20, 2026): the median sale price is about $330K ($200 per sq ft over the trailing 12 months of closed sales), and a median 90 days on market for closed sales. The trailing-12-month median is down 12% from the prior 12 months, computed from record-level Beaches MLS closed sales (11 closings in the current window).

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.

County records show 205 qualified sales in Waterstone across 2024–2025 (117 in 2024, 88 in 2025), median $370,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Waterstone is a community of 398 homes in Fort Pierce, St. Lucie County, built between 2008 and 2024 (median 2023.0), with a median living area of about 1,838 square feet. 49% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Waterstone Phase One is a newer Fort Pierce subdivision trading at a median of $365,207 with no community amenities currently identified and a market absorbing inventory slowly—buyers are underwriting the new-home premium without the typical clubhouse or pool that usually justify it.

Best for

  • Buyers prioritizing a newer build in a planned Fort Pierce setting and willing to trade amenities for a lower basis and room to negotiate in a slow market.
  • Value-focused buyers comfortable with a 90-day DOM reality who can structure patient, data-driven offers and wait for neighborhood maturation.
  • Owner-occupants seeking modern floorplans and cohesive streetscapes without the HOA dues or density that come with full-service resort communities.

Probably not for

  • Buyers expecting a clubhouse, pool, or fitness center at this price—there are no identified community amenities to justify the planned-community premium.
  • Investors or flippers counting on quick appreciation or liquidity—the 2.6 percent year-over-year decline and thin closings argue against near-term upside.
  • Buyers who need immediate neighborhood vitality or fast resale optionality—this is a phase-one community still proving its market position and absorption pace.

Windows contain 3 to 28 sales each (11 in the current window); every figure carries its sample size, and thin markets swing on single closings. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. Deemed reliable but not guaranteed.

Median sale price · trailing 12 mo
$250K$300K$350K$400K2020202220242026
Down 12.0% year over year.
Every sale since 2020 · price vs size
$0$200K$400K2k2k2k
98 closed sales; green = recent. Size sets the floor, condition and lot set the rest.
Sold $ per sq ft · trailing 12 mo
$160$180$2002020202220242026
Up from $149 in 2020 to a $209 peak in 2025; $200 now.
Median days on market · closed sales
2550752020202220242026
12 days at the 2025 low; 90 now.
Sale price vs original ask · median
96%98%100%2020202220242026
96.5% now.
Homes sold per 12-mo window
01020302020202220242026
3 to 28 a year; 11 in the current window.
Market Heat · 0 coldest, 100 hottest in the record
20406080seller-leaningbuyer-leaning202220242026
75 at the 2022 peak, 12 in the troughs, 12 now. Same score as the hero card, full history.
How much local inventory is already under contract

28% of homes for sale in ZIP 34951 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-20).

If we were buying in Waterstone today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Waterstone.

Best Buy
Buyers who want a newer Fort Pierce home and are comfortable paying for planned-community consistency without resort-style amenities or near-term appreciation momentum.
Biggest Risk
Thin absorption and no identified amenities mean the pricing premium rests entirely on the home's condition and the hope the neighborhood matures—resale comps may not support today's ask.
Sweet Spot
A buyer who values new construction and layout over clubhouse perks, can wait for the community to fill in, and has the negotiating patience to work a slower market.
Avoid If
You need strong near-term equity growth, expect a full amenity package at this price point, or want immediate neighborhood vitality and fast liquidity on resale.

What the numbers tell us

The 90-day median DOM is the headline: homes in Waterstone Phase One are sitting three times longer than the tight urban pockets of the Treasure Coast, and the 2.6 percent year-over-year decline confirms that pricing has not kept pace with expectations. Nine closings in the window is a modest pace for a phase-one community, suggesting either limited inventory release or subdued buyer interest. At $196.63 per square foot, the pricing is competitive with newer Fort Pierce product, but the absence of amenities makes direct comps harder to justify and gives buyers leverage in negotiations.

This is a value argument that depends entirely on the home itself—condition, floorplan, lot position—because the community offers no shared facilities to tip the scales. Buyers looking for instant equity or strong near-term appreciation should pause; those prioritizing a newer build in a planned setting and willing to wait for the neighborhood to mature have an entry point with room to negotiate.

“

The location and the amenities are priced into every listing in Waterstone. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty
5.2C · Buy Score
Recent Direction3.0/10
Owner Commitment4.9/10
Pricing Power7.6/10

Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (5.2). Basis: Recent Direction -12.0% year-over-year; Owner Commitment 49% owner-occupied; Pricing Power 96.5% sale-to-list. Refreshed with each data update.

Why work with Momentum here

Waterstone Phase One requires a broker who can comp accurately across Fort Pierce's fragmented new-build landscape and who will not oversell a community still establishing its market position. Momentum writes offers that account for the 90-day DOM reality, negotiates from absorption data, and will tell you plainly if comparable resale or nearby communities offer better value per dollar. We know when a phase-one price reflects builder optimism rather than market validation, and we structure our guidance and our offers accordingly.

Waterstone in 15 seconds.

Best forBuyers who want a newer Fort Pierce home and are comfortable paying for planned-community consistency without resort-style amenities or near-term appreciation momentum.
Biggest advantageA negotiable market with 90-day inventory sit times and a modest year-over-year decline, giving buyers room to press on price and terms.
Biggest riskThin absorption and no identified amenities mean the pricing premium rests entirely on the home's condition and the hope the neighborhood matures—resale comps may not support today's ask.
Sweet spotA buyer who values new construction and layout over clubhouse perks, can wait for the community to fill in, and has the negotiating patience to work a slower market.
Avoid ifYou need strong near-term equity growth, expect a full amenity package at this price point, or want immediate neighborhood vitality and fast liquidity on resale.

HOA, CDD & Fees

A note on who we are: Momentum Realty is a real estate brokerage. We are not the Waterstone homeowners association, its management company or its developer, and we cannot help with dues, gate access, violations, amenity bookings or association documents. To reach the association, check your closing package, the recorded declaration at the county clerk, or search the association’s name at sunbiz.org for its registered agent. Call or message us to buy or sell a home in Waterstone.
In short
  • HOA status not on record. Verify any dues before you offer
  • Any club/amenity membership is billed separately

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

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Waterstone sales matched to your home.

What is your Waterstone home worth?

Get a no-obligation home value based on real comparable sales in Waterstone, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See all homes for sale in Fort Pierce →

Real comps, not an automated estimate.

Frequently Asked Questions

What is the median home price in Waterstone?
The median sale price in Waterstone was $330K over the 12 months ending September 20, 2026 (11 closed sales, Beaches MLS).
How long do homes in Waterstone take to sell?
Homes that closed in the 12 months ending September 20, 2026 took a median 90 days on market (11 sales, Beaches MLS).
How many homes are in Waterstone?
The Florida DOR 2025 assessment roll shows 398 homes plus 127 vacant residential lots in Waterstone (public records).
What share of Waterstone is owner-occupied?
49% of Waterstone parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Waterstone built?
Homes in Waterstone were built between 2008 and 2024, with a median year built of 2023.0 (FL DOR 2025 roll).
Who is the best real estate agent for Waterstone?
The best agent for Waterstone is one who actively works Fort Pierce and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Waterstone.
How do I find a top Fort Pierce real estate agent who knows Waterstone?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Waterstone and the wider Fort Pierce area.
Can Momentum Realty connect me with an agent for Waterstone?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Waterstone purchase or sale - no call center and no pressure.
Where is Waterstone, and what county is it in?
Waterstone is in Fort Pierce, St. Lucie County, FL, ZIP 34951. The community's center is about 6 miles northwest of the center of Fort Pierce (straight-line).
Is Waterstone a good place to live?
That depends on your budget, commute and what you want in a home, so here is what the data says about Waterstone: the median sale price over the last 12 months was $330K (11 sales), 3% above the Fort Pierce median of $319K; homes took a median 90 days to go under contract; the assessment roll counts 398 homes, 49% of them homesteaded (owner-occupied). The full numbers, price history and the flood and school sections are above.
Buyers prioritizing a newer build in a planned Fort Pierce setting and willing to trade amenities for a lower basis and room to negotiate in a slow market.Excellent fit
Value-focused buyers comfortable with a 90-day DOM reality who can structure patient, data-driven offers and wait for neighborhood maturation.Excellent fit
Owner-occupants seeking modern floorplans and cohesive streetscapes without the HOA dues or density that come with full-service resort communities.Excellent fit
Buyers expecting a clubhouse, pool, or fitness center at this price—there are no identified community amenities to justify the planned-community premium.Probably not
Investors or flippers counting on quick appreciation or liquidity—the 2.6 percent year-over-year decline and thin closings argue against near-term upside.Probably not
Buyers who need immediate neighborhood vitality or fast resale optionality—this is a phase-one community still proving its market position and absorption pace.Probably not

Data sources & freshness

Community market statsBeaches MLS closed sales, 12-month windows ending September 20, 2026
Housing stock & ownershipFlorida DOR assessment roll (street-list match (8 streets, ZIP 34951))
Under-contract sharesBeaches MLS records, as of 2026-09-20
Historical depthClosed-sale records back to 2020 (98 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of Beaches MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Beaches MLS member average and 8 days faster, and we’ll price yours against live local comps.

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Nearby Communities

Explore more neighborhoods near Waterstone with Momentum Realty’s local guides.

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Browse all neighborhood guides →

Thinking of selling in Waterstone Phase One? 11 recorded closings; median 90 days on market (window ending 2026-09-20). See the St. Lucie County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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