$6,950,000
Fort Walton Beach, FL 32548
MLS# 982793
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Property Description
Extraordinarily rare 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 ±½ 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
Details
Contract Info
List Date: 2025-08-10
List Price: $6,950,000
Listing Board: Emerald Coast
List Price/Acre: 2813765.18
General Property Info
Sub-Type: Vacant Land
Acreage: 2.47
Waterfront
Waterfront Feet: 248
None
Current Price: $6,950,000
Status Change Info
Status: Active
Location Tax and Legal
Street #: 54
Street Direction: SE
Street Name: Miracle Strip
Street Suffix: Parkway
Area: 12 - Fort Walton Beach
State: FL
Zip Code: 32548
County: Okaloosa
Project Name/Subdivision: N/A
Parcel ID: 24-2S-24-0000-0031-0000
Property Features
Lot Access: City Road; County Road
Lot Features: Addl Land Available; Within 1/2 Mile to Water; See Remarks
Zoning: Business; Commercial; County; Resid Multi-Family; See Remarks
Waterfront: Sound
Waterview: Gulf; Sound
Utilities: Electric; Public Sewer; Public Water
Supplements
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.
Listing Office: Somers & Company
Last Updated: June - 25 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
