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
320 homesBuilt 2008–2024Median sale $357K
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Built fromLive Beaches MLS data4 years of closingsFL DOR public recordsUpdated twice daily

Over the 12 months ending 2026-09-20, 44 recorded sales closed at a median of $356,826, $207 per square foot, a median 74 days on market, sellers accepting 96% of original asking (-10% 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 $8,150 ($7,170 with the full homestead exemption).

Waterstone Phase Three key facts
LocationFort Pierce, St. Lucie County, FL · ZIP 34951
Homes in the community320 (FL DOR 2025 assessment roll)
Years built2008–2024 (median 2022)
Typical living area1,824 sq ft (median)
Sale prices, last 12 months$356,826 median across 44 closed sales · $207 per sq ft · -9.5% vs the prior 12 months
Days on market (closed sales)74 median
Owner-occupied (homestead) share54%

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 Three key facts,” movewithmomentum.com/neighborhoods/waterstone-phase-three, 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
$357K ▼
Median sold · 12 mo
down 9.5% vs the prior 12 months
-9.5% ▼
1-yr price change
n = 44 and 49 sales in the two windows
$207/sf
Sold $/sqft · 12 mo
peak $209 in 2025
95.7%
Sale vs ask
Tempo
74days
Median DOM · closed
22 days at the 2022 low
44
Sold · last 12 mo
10-yr average: about 37 a year
Ownership and context
54%
Owner-occupied · Waterstone
219 of 405 parcels homesteaded (FL DOR 2025)
46%
Non-owner-occupied · Waterstone
incl. 20% trust or LLC-held · 1% out-of-state
320
Homes in the community
plus 85 vacant residential lots · 405 residential parcels (FL DOR 2025)
Track record · 4 years of records
141
Recorded sales · 2024-2025
median $394K · qualified sales on the county roll (FL DOR 2025)
Est. 2008
Community established
homes built 2008-2024, median 2022 (FL DOR 2025)
1,800sqft
Median sold home size
12-mo windows, closed sales
13.8%/yr
Turnover rate
about 44 of 320 homes trade a year
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Waterstone Phase Three is a Fort Pierce neighborhood where the median price of $365K sits comfortably below the county average, and the market is deliberate. With a median 94 days on market and year-over-year prices down 9.3 percent, this is a buyer's environment—listings are staying available long enough for due diligence, and sellers who price aggressively are learning patience.

Fifty-three closings in the trailing window tell us this is an active pocket, not a distressed one. The real story is time: buyers have leverage, but they're using it to negotiate condition and concessions rather than chasing distressed inventory. If you're a seller here, your pricing discipline and property condition will determine whether you close in thirty days or six months.

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

Waterstone right now

🔴 Off the recent peak. The trailing-12-month median ($357K) is down 9.5% from the prior 12 months ($394K).Momentum Research, record-level Beaches MLS closed sales, 12-month windows ending September 20. Confidence: Very High (44 and 49 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.

5530 Lugo Street
$397K · 0.0 mi away
4 bd · 2 ba · 1,820 sqft
5530 Lugo Street
Listed by Adams Homes Realty Inc
8516 WATERSTONE Boulevard
$370K · 0.1 mi away
3 bd · 2 ba · 2,035 sqft
8516 WATERSTONE Boulevard
Listed by Non Member Listing Office
5476 LUGO Street
$420K · 0.1 mi away
3 bd · 2 ba · 1,783 sqft
5476 LUGO Street
Listed by RE/MAX Gold
8166 Merano Avenue
$378K · 0.1 mi away
4 bd · 2 ba · 1,820 sqft
8166 Merano Avenue
Listed by Adams Homes Realty Inc
8652 Waterstone Boulevard
$455K · 0.1 mi away
4 bd · 3 ba · 2,268 sqft
8652 Waterstone Boulevard
Listed by Florida Real Estate Navigators
5455 Lugo Street
$440K · 0.2 mi away
4 bd · 2 ba · 1,623 sqft
5455 Lugo Street
Listed by Keller Williams Realty of Vero

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 $357K ($207 per sq ft over the trailing 12 months of closed sales), and a median 74 days on market for closed sales. The trailing-12-month median is down 10% from the prior 12 months, computed from record-level Beaches MLS closed sales (44 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 141 qualified sales in Waterstone across 2024–2025 (97 in 2024, 44 in 2025), median $394,100 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Waterstone is a community of 320 homes in Fort Pierce, St. Lucie County, built between 2008 and 2024 (median 2022), with a median living area of about 1,824 square feet. 54% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Waterstone Phase Three is a Fort Pierce neighborhood in St. Lucie County where the market has shifted decisively in favor of buyers, with extended days-on-market and downward price pressure creating room for negotiation on condition, closing costs, and timing.

Best for

  • First-time buyers with moderate down payments who want suburban Fort Pierce at a median $365K and have time to shop condition carefully.
  • Investors targeting cash-flow rentals in St. Lucie County who can absorb 94-day holding costs and negotiate seller concessions into the cap rate.
  • Relocators to the Fort Pierce area who value negotiating leverage and are willing to spend two months finding the right home rather than settling in two weeks.

Probably not for

  • Buyers who need to close in thirty days or less—this market rewards patience, not speed.
  • Sellers expecting pre-correction pricing or quick exits without addressing deferred maintenance or pricing competitively.
  • Investors banking on immediate appreciation or rapid equity capture—the year-over-year trend is downward, and recovery timelines are uncertain.

Windows contain 3 to 52 sales each (44 in the current window); every figure carries its sample size. 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.

Every sale since 2022 · price vs size
$0$200K$400K2k2k2k3k
185 closed sales; green = recent. Size sets the floor, condition and lot set the rest.
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 with time and patience who want suburban Fort Pierce value without the urgency premium.
Biggest Risk
Extended inventory means you're competing against sellers' willingness to wait—not scarcity.
Sweet Spot
Condition-sensitive buyers who will use inspection leverage and appraisal gaps to price in deferred work.
Avoid If
You need a quick close or want a market where seller desperation is the norm.

What the numbers mean for your offer

The median price of $365,000 reflects a market where pricing mistakes are punished and realistic sellers are rewarded. Year-over-year prices are down 9.3 percent, which is significant but not catastrophic—this is correction, not collapse. The median 94 days on market is the headline: in a hot market, homes here moved in three weeks; today, they sit for three months. That's your negotiating window.

At $205.85 per square foot, Waterstone Phase Three offers middle-tier value in the Fort Pierce landscape. The closings—53 in the trailing window—show consistent activity, meaning lenders are comfortable, appraisals are clearing, and buyers are finding homes they want. But they're taking their time. If you're writing an offer, you have the luxury of inspections, appraisal contingencies, and seller concessions. If you're listing, understand that the first two weeks on market are still critical, but your real competition is the calendar—every week past thirty days is a pricing conversation.

This is a phase within a larger development, which typically means HOA covenants, architectural consistency, and deferred maintenance risk if the association is underfunded. MLS data does not surface amenity details, so your due diligence should include a review of association financials, reserves, and any pending special assessments. The market is giving you time to ask those questions—use it.

“

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
5.4C · Buy Score
Recent Direction3.6/10
Owner Commitment5.4/10
Pricing Power7.2/10

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 (5.4). Basis: Recent Direction -9.5% year-over-year; Owner Commitment 54% owner-occupied; Pricing Power 95.7% sale-to-list. Refreshed with each data update.

Why work with Momentum here

In a market where homes sit for 94 days, the difference between a good deal and a regrettable one is forensic preparation. Momentum's team knows Fort Pierce inventory cold, can pull comps that reflect actual condition variance, and will walk you through HOA documents and reserve studies before you write an offer. We also know when to tell you a listing is overpriced by two months of market movement—and when to move fast on the rare gem priced to close in ten days. In a buyer's market, experience is the edge.

Waterstone in 15 seconds.

Best forBuyers with time and patience who want suburban Fort Pierce value without the urgency premium.
Biggest advantageMedian 94 days on market gives you negotiating room on price, condition, and concessions.
Biggest riskExtended inventory means you're competing against sellers' willingness to wait—not scarcity.
Sweet spotCondition-sensitive buyers who will use inspection leverage and appraisal gaps to price in deferred work.
Avoid ifYou need a quick close or want a market where seller desperation is the norm.

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 $357K over the 12 months ending September 20, 2026 (44 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 74 days on market (44 sales, Beaches MLS).
How many homes are in Waterstone?
The Florida DOR 2025 assessment roll shows 320 homes plus 85 vacant residential lots in Waterstone (public records).
What share of Waterstone is owner-occupied?
54% 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 2022 (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 $357K (44 sales), 12% above the Fort Pierce median of $319K; homes took a median 74 days to go under contract; the assessment roll counts 320 homes, 54% of them homesteaded (owner-occupied). The full numbers, price history and the flood and school sections are above.
First-time buyers with moderate down payments who want suburban Fort Pierce at a median $365K and have time to shop condition carefully.Excellent fit
Investors targeting cash-flow rentals in St. Lucie County who can absorb 94-day holding costs and negotiate seller concessions into the cap rate.Excellent fit
Relocators to the Fort Pierce area who value negotiating leverage and are willing to spend two months finding the right home rather than settling in two weeks.Excellent fit
Buyers who need to close in thirty days or less—this market rewards patience, not speed.Probably not
Sellers expecting pre-correction pricing or quick exits without addressing deferred maintenance or pricing competitively.Probably not
Investors banking on immediate appreciation or rapid equity capture—the year-over-year trend is downward, and recovery timelines are uncertain.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 (7 streets, ZIP 34951))
Under-contract sharesBeaches MLS records, as of 2026-09-20
Historical depthClosed-sale records back to 2022 (185 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.

Own a home here?

You just read the data. Now see what your home is worth.

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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Thinking of selling in Waterstone Phase Three? 44 recorded closings; median 74 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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