Watermans Bay is a lovely small suburb sitting between the ocean and Star Swamp, an area of natural bushland. Typical houses are single-storey brick and tile 3x2 or 4x2 on a 1000sqm block.
Because of the large blocks (which can be subdivided) and great location, Watermans Bay house prices have risen dramatically in recent years. There are a lot of smart new houses around, both near the ocean and near the reserve. There are also some villas around and a few apartments also.