Alys Beach for me, but a few years ago I may have said WaterColor because of my boys' ages - they are now older so our needs aren't the same as far as parks, children's programs, etc. go. (WaterColor is a great place for families with small children). I say Alys Beach for many reasons but I personally love the architecture - oh, the courtyards! It's a green community and the homes are built like fortresses (think hurricanes here), and, once the community is built out, there will be something like 9 restaurants scattered around the community, a town center and a private beach club. I think the community will hold it's value IMO.