diff --git a/UNRELEASED.md b/UNRELEASED.md
index 616ba8bd169..f8df96ac123 100644
--- a/UNRELEASED.md
+++ b/UNRELEASED.md
@@ -7,6 +7,7 @@ Use [the changelog guidelines](https://git.io/polaris-changelog-guidelines) to f
 ### Enhancements
 
 - Add `variableHeight` prop to `DropZone` so children control its height ([#4136](https://github.com/Shopify/polaris-react/pull/4136))
+- Add `fullWidth` prop to `ColorPicker` so the color picker can take the full width ([#4152](https://github.com/Shopify/polaris-react/pull/4152))
 
 ### Bug fixes
 
diff --git a/src/components/ColorPicker/ColorPicker.scss b/src/components/ColorPicker/ColorPicker.scss
index 1c61ab55a2a..d9d4660f38c 100644
--- a/src/components/ColorPicker/ColorPicker.scss
+++ b/src/components/ColorPicker/ColorPicker.scss
@@ -33,6 +33,11 @@ $stacking-order: (
   height: $picker-size;
   width: $picker-size;
 
+  .fullWidth & {
+    width: auto;
+    flex-grow: 1;
+  }
+
   // Need an extra pixel to avoid a small color bleed from happening
   border-radius: var(--p-border-radius-base);
   cursor: pointer;
diff --git a/src/components/ColorPicker/ColorPicker.tsx b/src/components/ColorPicker/ColorPicker.tsx
index 5c5611d70c2..ebf8ac89e76 100644
--- a/src/components/ColorPicker/ColorPicker.tsx
+++ b/src/components/ColorPicker/ColorPicker.tsx
@@ -1,6 +1,7 @@
 import React, {PureComponent} from 'react';
 
 import {clamp} from '../../utilities/clamp';
+import {classNames} from '../../utilities/css';
 import {hsbToRgb} from '../../utilities/color-transformers';
 import type {HSBColor, HSBAColor} from '../../utilities/color-types';
 
@@ -8,7 +9,10 @@ import {AlphaPicker, HuePicker, Slidable, SlidableProps} from './components';
 import styles from './ColorPicker.scss';
 
 interface State {
-  pickerSize: number;
+  pickerSize: {
+    width: number;
+    height: number;
+  };
 }
 
 interface Color extends HSBColor {
@@ -23,13 +27,18 @@ export interface ColorPickerProps {
   color: Color;
   /** Allow user to select an alpha value */
   allowAlpha?: boolean;
+  /** Allow HuePicker to take the full width */
+  fullWidth?: boolean;
   /** Callback when color is selected */
   onChange(color: HSBAColor): void;
 }
 
 export class ColorPicker extends PureComponent<ColorPickerProps, State> {
   state: State = {
-    pickerSize: 0,
+    pickerSize: {
+      width: 0,
+      height: 0,
+    },
   };
 
   private colorNode: HTMLElement | null = null;
@@ -40,25 +49,39 @@ export class ColorPicker extends PureComponent<ColorPickerProps, State> {
       return;
     }
 
-    this.setState({pickerSize: colorNode.clientWidth});
+    this.setState({
+      pickerSize: {
+        width: colorNode.clientWidth,
+        height: colorNode.clientHeight,
+      },
+    });
 
     if (process.env.NODE_ENV === 'development') {
       setTimeout(() => {
-        this.setState({pickerSize: colorNode.clientWidth});
+        this.setState({
+          pickerSize: {
+            width: colorNode.clientWidth,
+            height: colorNode.clientHeight,
+          },
+        });
       }, 0);
     }
   }
 
   render() {
-    const {id, color, allowAlpha} = this.props;
+    const {id, color, allowAlpha, fullWidth} = this.props;
     const {hue, saturation, brightness, alpha: providedAlpha} = color;
     const {pickerSize} = this.state;
 
     const alpha = providedAlpha != null && allowAlpha ? providedAlpha : 1;
     const {red, green, blue} = hsbToRgb({hue, saturation: 1, brightness: 1});
     const colorString = `rgba(${red}, ${green}, ${blue}, ${alpha})`;
-    const draggerX = clamp(saturation * pickerSize, 0, pickerSize);
-    const draggerY = clamp(pickerSize - brightness * pickerSize, 0, pickerSize);
+    const draggerX = clamp(saturation * pickerSize.width, 0, pickerSize.width);
+    const draggerY = clamp(
+      pickerSize.height - brightness * pickerSize.height,
+      0,
+      pickerSize.height,
+    );
 
     const alphaSliderMarkup = allowAlpha ? (
       <AlphaPicker
@@ -68,12 +91,13 @@ export class ColorPicker extends PureComponent<ColorPickerProps, State> {
       />
     ) : null;
 
+    const className = classNames(
+      styles.ColorPicker,
+      fullWidth && styles.fullWidth,
+    );
+
     return (
-      <div
-        className={styles.ColorPicker}
-        id={id}
-        onMouseDown={this.handlePickerDrag}
-      >
+      <div className={className} id={id} onMouseDown={this.handlePickerDrag}>
         <div ref={this.setColorNode} className={styles.MainColor}>
           <div
             className={styles.ColorLayer}
@@ -118,8 +142,8 @@ export class ColorPicker extends PureComponent<ColorPickerProps, State> {
       onChange,
     } = this.props;
 
-    const saturation = clamp(x / pickerSize, 0, 1);
-    const brightness = clamp(1 - y / pickerSize, 0, 1);
+    const saturation = clamp(x / pickerSize.width, 0, 1);
+    const brightness = clamp(1 - y / pickerSize.height, 0, 1);
 
     onChange({hue, saturation, brightness, alpha});
   };
diff --git a/src/components/ColorPicker/README.md b/src/components/ColorPicker/README.md
index 797f675bc43..d5664fd19ec 100644
--- a/src/components/ColorPicker/README.md
+++ b/src/components/ColorPicker/README.md
@@ -45,9 +45,7 @@ function ColorPickerExample() {
     saturation: 1,
   });
 
-  const handleChange = useCallback(setColor, []);
-
-  return <ColorPicker onChange={handleChange} color={color} />;
+  return <ColorPicker onChange={setColor} color={color} />;
 }
 ```
 
@@ -65,8 +63,24 @@ function ColorPickerWithTransparentValueExample() {
     alpha: 0.7,
   });
 
-  const handleChange = useCallback(setColor, []);
+  return <ColorPicker onChange={setColor} color={color} allowAlpha />;
+}
+```
+
+### Colorpicker with transparent value full width
+
+Use when attached to a visual builder to allow the designated object to have a
+transparent background that allows underlying objects to show through.
+
+```jsx
+function ColorPickerWithTransparentValueExample() {
+  const [color, setColor] = useState({
+    hue: 300,
+    brightness: 1,
+    saturation: 0.7,
+    alpha: 0.7,
+  });
 
-  return <ColorPicker onChange={handleChange} color={color} allowAlpha />;
+  return <ColorPicker fullWidth onChange={setColor} color={color} allowAlpha />;
 }
 ```