A high-waterproof colorful stone-like paint is composed of the following raw materials in percentage by weight: 11 to 15% of soap-free silicone acrylic emulsion, 2 to 4% of aqueous fluorocarbon resin emulsion, 54 to 63% of natural colorful sand, 2 to 4% of calcium carbonate and magnesium carbonate powder, 14 to 20% of water, 4 to 6% of natural rock sheets, 0.1 to 0.5% of water repellent, 0.1 to 0.3% of antifoaming agent, 0.1 to 0.3% of wood fiber, 0.1 to 0.2% of cellulose ether, and 1 to 2% of film-forming auxiliary agent. The soap-free silicone acrylic emulsion and aqueous fluorocarbon resin emulsion are mixed and used as the adhesive of the stone-like paint. Natural colorful sand with different finenesses is matched with natural rock sheet to prepare the stone-like paint. The prepared stone-like paint has the advantages of high waterproofness, natural color and luster, stone-like texture, good imitation effect, and high adhesive strength. The coating will not fade and become loosen and scratched. After drying, the paint film is compact, and moreover the paint has the advantages of strong adhesive force, large hardness, cracking resistance, alkali/acid resistance, corrosion resistance, no odor or toxicity, safety, and environment-friendliness.