Fort Walton Beach Real Estate Search

Fort Walton Beach Properties over $2,000,000 for Sale

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Newest Fort Walton Beach Properties over $2,000,000 for Sale

$2,800,000
993015 MLS
Presented for your consideration is this rare legacy property assemblage consisting of seven combined parcels located at 16 and 20 Hollywood Boulevard in the southeast area of Fort Walton Beach, Florida, totaling approximately 2.76 acres with over 429 feet of frontage along Hollywood Blvd and additional rear access from Park Cir/Park Pl. The site is strategically positioned less than one mile from U.S. Highway 98 and approximately one-third of a mile from Eglin Parkway's primary commercial corridor, providing excellent visibility and access. Improvements include four buildings totaling approximately 13,513 square feet, featuring multiple auto service bays, storefront/shop space, warehouse and storage buildings, lobby and office areas, and a large privacy-fenced laydown yard of approximately .41 acres, ideal for outside storage or parking. Zoned MX-2 (Mixed-Use High), the property has supported long-standing local businesses for decades; the former Tona's Auto Center facilities are now vacant, while Haudini Upholstery remains in operation. The assemblage is well-suited for an owner-user seeking to occupy a portion of the property while benefiting from in-place rental income from the remaining leased buildings, offering a compelling combination of operational scale, income generation, and future redevelopment potential within a high-demand corridor.

20 Ne Hollywood Blvd, Fort Walton Beach
$6,140,000
984116 MLS
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.

348 Miracle Strip Pkwy, Fort Walton Beach
$35,000,000
954584 MLS
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.

480 Santa Rosa Blvd, Fort Walton Beach
$2,750,000
947682 MLS
This 2 story office building is centrally located between Hurlburt Field's Special Ops Command Center and Eglin Air Force Base. It features 24,820 sq/ft of Class B Office space between the first or second floor with 70+ parking spaces in the back of the building. Technology Park is Fort Walton Beach's highly acclaimed Office and Industrial Park has garnered Landmark Status as one of the America's most noted service centers for National Defense Companies over the last 30 plus years. This building was formerly occupied by Boeing for several years, and is able to serve a variety of administrative business and/or call center models who are seeking professionally secured office space.

634 Nw Anchors St, Fort Walton Beach
$6,950,000
982793 MLS
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 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.

54 Se Miracle Strip Pkwy, Fort Walton Beach
$2,510,000
991829 MLS
Investors, don't miss this opportunity: Ten newly constructed turn-key apartments, built in 2025. All ten units are currently tenant-occupied with one year leases in place and rents trending upward in this market. That's instant income in one of the strongest, most consistent rental corridors on the entire Emerald Coast. Each 2-bed, 2-bath apartment is roughly 1,055 sq ft. Open concept floor plan with a large living area that spills out through the dining room and into a modern kitchen with white shaker cabinets, granite countertops, stainless appliances, and a large peninsula. Each apartment offers a primary suite with a walk-in closet and double vanity. A spacious walk-in laundry room with washer and dryer hookups is right off the main hallway from the second bed and bath. Location? You're in the heart of Fort Walton Beach and a short drive to the Fort Walton Beach Landing, Eglin AFB, Hurlburt AFB, local schools, and the beach. If you've been waiting for a set-and-forget multifamily play on the Emerald Coast, this is it. Reach out to Natalie today!

960 Nw Denton Blvd, Fort Walton Beach
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Vendor Member Number : 28166