The new jewel of Northwest Florida's Emerald Coast is WaterColor Inn, a casually elegant boutique hotel designed by David Rockwell. Opened in February 2002 in Seagrove Beach, the 60-room inn adds a touch of sophistication to this unassuming stretch of South Walton County. The inn offers meeting space for 200 as well as a 450- seat outdoor amphitheater. Amenities include canoes, kayaks, sailboats, and five tennis courts. www.