FAQ

The most up to date information about these homesites and the community can be found on our website. To continue to receive the most up to date details, you or your Florida-based real estate agent or representative should sign up for more information.

The Powell Landing West custom homesites are or will be registered in the State of New York, however, if you reside in a state that requires us to be registered for real estate sales specifically in that state (Alaska, Arizona, California, Colorado, Connecticut, Hawaii, Idaho, Iowa, Minnesota, Mississippi, Nebraska, Nevada, New Hampshire, New Jersey, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Utah, Washington, or West Virginia), the laws of your home state prohibit us from engaging in sales discussions directly with you while you are in your state of residence.

Yes, if you live in one of the closed states (Alaska, Arizona, California, Colorado, Connecticut, Hawaii, Idaho, Iowa, Minnesota, Mississippi, Nebraska, Nevada, New Hampshire, New Jersey, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Utah, Washington, or West Virginia), you must be physically located in Florida in order to participate in the sales process for any of these lots.

If you are physically in Florida during the lot release, offer and contract signing process, we can communicate directly with you regarding a potential transaction. Likewise, if you are working with a local representative or local real estate agent, we can communicate with your representative, however, the laws of your home state prohibit us from communicating directly with you while you are in your home state.

The Powell Landing West custom homesites will be sold directly by The Watersound Company, LLC, through this website. The lots will not be listed with a local real estate broker and they may not be listed in MLS.

The sales process for the Watersound Origins Powell Landing West lots will be handled online through this website. First, please read all of the documents on the Important Documents page.

Lots will be released for reservation on September 5, 2024. On the date of the release, click on the Purchase a Lot, complete the form and click Submit. 

There is a $10,000 deposit due with any reservation agreement. One reservation agreement and one back up reservation agreement will be accepted on each lot in the initial release. 

On or around September 20th, we will send you the lot purchase agreement for execution. You will have one business day to sign and return the lot purchase contract package and initiate your wire for the earnest money deposit. The $10,000 reservation deposit will be applied toward the earnest money deposit required for the lot purchase. 

Closing will be scheduled on or before September 30, 2024. 

If you are working with a local representative or local real estate agent, they can submit the offer form on your behalf and we will communicate directly with your local representative or real estate agent. They will be sent the contract package and we will coordinate directly with them during the contract and closing process.

A co-broker sales commission of 2.5% is offered on these lots. This will be paid to your real estate agent’s brokerage by the Seller at closing.

The Lot Price Sheet provides information on the sales price for each lot that is currently available for purchase.

The lots will be released in phases. All current site plans, sales pricing and community documents are available in the Important Documents section for your review and due diligence prior to entering into any reservation agreement. You will be required to confirm that you have reviewed the Important Documents when completing the Offer Form.

The lots are available for reservation on a first come first served basis. Once the online lot purchase form is received by us, we will review the form for completeness, and we will follow up directly with questions or we may immediately send you the reservation agreement for execution.

Everyone, either directly or through their local representative or local real estate sales agent, is welcome to purchase a lot through the website.

If you are the first to submit an offer for a specific lot, then it is likely, but not guaranteed, that you will enter into a reservation agreement for that lot. Any offer that you submit is non-binding. Once the reservation agreement is fully signed and the $10,000 reservation deposit is remitted, you will have an agreement with us to enter into a purchase agreement for the lot. The reservation deposit is fully refundable and the reservation may be canceled at any time. 

You may submit offers for multiple lots. However, one form must be submitted per lot offer, and due to the small number of lots available, we may limit the number of lot reservations that one entity can enter into at this time. Any offer that you submit is non-binding. 

Due to the limited number of lots, the number of lots that one person or entity can put under a reservation agreement may be limited to 1 lot per person or entity. However, based on the level of interest, there may be opportunities to purchase multiple lots.

Yes, however, in the instance of a company or LLC, the purchase agreement must be signed by an authorized signor of the company, LLC or trust. When completing the online form, please insert the full name of the company, LLC or trust in the first name block and the full name of the officer, managing member or authorized signatory in the last name block.

You will submit your contact information through the online offer form, and we will contact you or your representative or agent via e-mail with the actual reservation agreement and next steps. You will have 24 hours to return the signed reservation agreement and remit the reservation deposit.

If you cannot select the lot that you want from the pull-down menu on the Lot Offer Form, then most likely, that lot is under a reservation agreement and is no longer available. You may consider entering into a back up reservation agreement or you are welcome to consider other lots that may be available. In addition, you can participate in subsequent lot releases.

A back up contract is a binding purchase and sale agreement where the buyer agrees that they are not obligated to close on the lot until they are notified that the primary contract has been terminated. Back up offers and reservations may be accepted at any time. Once the lot sale closes with the primary contract buyer, the back up contract or reservation agreement is automatically terminated. However, if, for any reason, the primary contract should not close or be terminated by either party, the back up contract holder will be notified that they are no longer the back up contract holder and will become the primary contract holder and will be expected to close on the purchase of the lot in accordance with the terms of the purchase and sale agreement.

The Important Documents are available for review. The first release of lots is scheduled for September 5, 2024. At that time, the Offer Form will become accessible, and as we receive the Offer Forms, we will send you the reservation agreements. Once you receive the reservation agreement from us, you will have 24 hours to return the signed agreement and reservation deposit. On or around September 20, 2024, we will follow up with you to enter into the Lot Purchase Agreement, and we anticipate closings on this release to occur on or before September 30, 2024. 

The reservation agreement calls for a reservation deposit of $10,000. The purchase and sale agreement calls for an earnest money deposit of 10% of the total lot purchase price. The total lot purchase price includes the sales price of the lot, the water and sewer impact fees and the irrigation system connection fee. You will be notified of the exact amount of deposit due at the time of signing the purchase and sale agreement. The earnest money deposit should be made by wire transfer at the time of signing the purchase and sale agreement. The $10,000 reservation deposit will be applied to the earnest money deposit. 

Wiring instructions will be included with the reservation agreement and the lot purchase documents. You will need to call the escrow agent as indicated on the wiring instructions to confirm the account number. It is important that you also include a reference for the lot number with your wire so that the escrow agent can apply the deposit to your purchase agreement.

Yes, the Watersound Community Association, Inc., is the homeowners association for this neighborhood.

The annual dues are $2,340 and they are paid quarterly in the amount of $585.00 per quarter. The homeowners association is responsible for the management and maintenance of the common areas in Watersound Origins, including the roads, streetlights, common area landscaping and irrigation, stormwater conveyance and facilities.

In addition, the Association dues include a monthly fee for irrigation water used on your lot. Maintenance of the irrigation system installed on your lot is not included in the Association dues. Your association dues include an amenity fee which allows for access to the Village Commons amenities, and the Origins golf course and the dock on Lake Powell which are operated by Watersound Club.

The Village Commons includes a zero-entry resort style pool, fitness center, tennis courts, pickle ball courts and a half basketball court.

The Origins golf course is a 6-hole regulation/10-hole par 3 golf course designed by David Love III. Owners in Watersound Origins can play unlimited golf with no greens fees (cart fees apply). Footgolf (fees apply) is also offered at the Origins golf course. Access to Lake Powell is provided by a floating dock.

There are numerous neighborhood parks and pocket parks throughout the Watersound Origins community and over 9 miles of trails.

The site development is complete. The lots are located at the end of South Splash Drive.

The lots are set back from Lake Powell and private docks or private pathways to the Lake are not able to be built.

There is no build time requirement for these lots. Once you start construction, you must continue construction until completed.