Corcoran Reverie logs record Grace Point home sale

Corcoran Reverie announced the highest-priced residential sale ever recorded in Grace Point, the boutique 30A community near WaterSound Beach. The deal underscores continued demand for scarce, architecturally distinct luxury homes along Florida’s Emerald Coast.

Why it matters: - The sale sets a new price record for Grace Point and reinforces the market value of rare, high-design homes in Northwest Florida’s ultra-luxury segment. - The transaction adds momentum for Grace Point as the community nears completion of its condominium residences this summer. - The deal highlights continued demand in the 30A luxury market for properties that combine privacy, architecture and a strong sense of place.

What happened: - Corcoran Reverie announced the sale of 278 Grace Point Way at Grace Point 30A in Watersound Beach, Florida. - The home is now the highest-priced residential sale ever recorded in Grace Point since the community began. - Hilary Farnum-Fasth, Broker/Owner of Corcoran Reverie, represented the listing. - Marla Hanna, Luxury Property Specialist with Corcoran Reverie, represented the buyer. - The residence had been under contract before completion and is now closed.

The details: - Grace Point launched in 2018 as a luxury beachside residential development along Scenic Highway 30A, just south of the corridor near WaterSound Beach. - The community was designed as a low-density enclave with architectural inspiration drawn from Nantucket and Martha’s Vineyard coastal homes. - The home spans approximately 11,983 square feet and includes nine bedrooms. - The property features expansive indoor and outdoor living areas, a private putting green, elevated outdoor living and large entertaining spaces. - Grace Point is a private gated community with brick-paved walkways, landscaped green spaces, intimate courtyards, a community pool and access to the nearby WaterSound Beach Club. - The community sits between WaterSound Beach, Alys Beach and Rosemary Beach on the Emerald Coast. - Grace Point’s condominium residences are anticipated for completion this summer. - Corcoran Reverie is an affiliate of Corcoran Group LLC and operates locally in Florida and Tennessee. - The brokerage says it was recognized as a 2024 RealTrends Top 500 brokerage and the 2025 Best of the Emerald Coast Real Estate Brokerage.

Between the lines: - The sale reflects how scarcity can amplify value in established boutique communities, especially when inventory is limited and the architecture is distinctive. - Corcoran Reverie’s long involvement with Grace Point gives the transaction added significance because the brokerage helped introduce the development and has tracked its growth from launch. - The record price suggests buyers in the 30A market still pay a premium for privacy, scale and a tightly curated neighborhood identity.

What's next: - Grace Point’s condominium completion this summer will bring another phase of inventory to market. - The record-setting sale may sharpen attention on other architecturally significant homes in the 30A corridor. - Corcoran Reverie is likely to continue leaning on its local luxury market position as demand for elite coastal properties remains strong.

The bottom line: - In Grace Point, rarity, design and location are still commanding premium results.