Zena Gunsur, Realtor ®️
One of the most popular communities provided by {{page_data.agentName}}

FORT WALTON BEACH

One of the most popular communities provided by AXEN Realty

FORT WALTON BEACH

About FORT WALTON BEACH

Fort Walton Beach is another beautiful beach community located in Northwest Florida, just east of Navarre Beach. This charming coastal town offers a mix of stunning beaches, outdoor recreational activities, and a vibrant beach town atmosphere. The real estate market in Fort Walton Beach offers a diverse range of properties, including beachfront condos, waterfront homes on the Intracoastal Waterway, and residential neighborhoods. Property prices can vary depending on factors such as location, size, amenities, and proximity to the beach. Fort Walton Beach is known for its sugar-white sandy beaches, turquoise waters, and numerous opportunities for water sports such as fishing, boating, and snorkeling. The town also boasts a variety of shopping, dining, and entertainment options, making it a popular destination for both residents and visitors. Whether you are looking for a vacation home, investment property, or permanent residence, Fort Walton Beach offers a relaxed coastal lifestyle with plenty of amenities and attractions to enjoy year-round.
One of the most popular communities provided by AXEN Realty
374
# of Listings
2
Avg # of Bedrooms
$517
Avg. $ / Sq.Ft.
$666,789
Med. List Price

Browse FORT WALTON BEACH Real Estate Listings

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Under $250,000

$250,000 - $500,000

$500,000 - $1M

$1M - $3M

$3M - $5M

Over $5M

3 Properties Found. Page 1 of 1.

Mar-a-Sol presents a once-in-a-market opportunity to acquire an irreplaceable Gulf-front site on Okaloosa Island, positioned just steps from the shoreline. Assets with this level of beach proximity are virtually nonexistent on the Emerald Coast and increasingly rare across Florida's entire Gulf Coast, making this offering exceptionally difficult to replicate.The property currently consists of 69 units across two buildings and is 100% occupied, with the majority operating as long-term rentals, providing immediate, stable in-place income. The asset has benefited from thoughtful interior and exterior upgrades, allowing a buyer to maintain current operations while evaluating strategic alternatives. Substantial upside exists through conversion to short-term rentals, with projected performance indicating the potential to approximately double the existing capitalization rate. For developers seeking higher and better use, plans are already in place for a seven-story luxury condominium tower, offering a rare opportunity to replace the existing structures and capitalize on elevated Gulf views and direct beach access. The scarcity of comparable opportunities cannot be overstated. Beachfront sites this close to the Gulf are effectively irreplaceable, not only on Okaloosa Island but throughout much of the Emerald Coast and the broader Gulf side of Florida, where zoning, environmental constraints, and land availability severely limit new development. Whether held as a stabilized income-producing asset, repositioned for enhanced rental performance, or fully redeveloped into a premier luxury beachfront project, Mar-a-Sol offers multiple executable paths to value creation in one of Florida's most constrained coastal markets.
#954584

Fort Walton Beach

480 Santa Rosa Boulevard

None Beds

None Baths

N/A

$35,000,000

MLS#: 954584

Extraordinarily rare legacy waterfront assemblage favorably zoned ''MX-2 Mixed-Use'' (pursuant to City of Fort Walton Beach land development code) for high density redevelopment to achieve economies of scale involving a plausible host of viable development scenarios. Its prime +/-248 fronting footage on the scenic Sound of Ft. Walton Beach, Florida, as well as +/-248' along Miracle Strip Parkway, is within +/-1/2 mile from the spectacular Brooks Bridge (under development and construction), as well as a pedestrian friendly, short walk to the historic downtown district of Fort Walton Beach, Florida. The combined total waterfront acreage is +/-2.47, while the dimension of the two contiguous, combined parcels is as follows: 248' x 230' x 248' x 218'. The assemblage is offered as-is, where-is, with no attributable value to the current structures onsite. Buyer must verify zoning, potential development entitlements, riparian rights (dock / "marina") through the City of Ft. Walton Beach, Okaloosa County, and including but not limited to the Corp. of Engineers, and the FDEP. Access to the property is strictly prohibited unless properly scheduled with advance notice through the listing agent(s). Please inquire for additional information. "MX-2 Mixed High Use" was defined as follows: MX-2  Mixed-use (High Intensity) Zoning District. The mixed-use zoning district is established to provide for a wide variety of land uses, including multifamily structures, commercial and office uses, artisan studios, and cottage industries. Accessory uses for residential developments include onsite amenities, such as recreation facilities, carports, garages, storage buildings, parking lots, transit stops, and community buildings. Accessory uses for nonresidential developments include such onsite amenities as parking lots, parking structures, storage buildings, or transit stops. Open space in the form of plazas and courtyards may be provided. Waterfront locations may include accessory uses such as docks, boardwalks, or facilities for direct water access to support water-dependent uses. Uses within the MX-2 zoning district may be mixed within one (1) parcel or lot and may be mixed within one (1) building. The maximum density is thirty (30.0) dwelling units per acre. Bonus provisions may be authorized to allow a maximum density up to forty-five (45.0) dwelling units per acre. The maximum floor area ratio for nonresidential development is two (2.0) FAR. Bonus provisions may be authorized to allow a maximum floor area ratio of three (3.0) FAR.
#982793

Fort Walton Beach

54 SE Miracle Strip Parkway

None Beds

None Baths

2.47 acres

$7,950,000

MLS#: 982793

25 units for sale in 6 buildings. The units are leased and range in size from 570 sq. ft. to 5611 sq. ft. Sellers will consider financing with 30 year amortization and a 5 year balloon.
#984116

Fort Walton Beach

348 Miracle Strip Parkway

None Beds

None Baths

N/A

$6,140,000

MLS#: 984116

Buyers resources
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Sellers resources
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Calculating Capital Gains
Checklist for Better Showing
Cleaning Home For Sale
Improving Odds Of an Offer
Preparing Home for photoshoot
Selling Your Home for More $$

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