Waterfront Short-Term Rental
For Sale
Contact for pricing
157 Monahan Dr, Fort Walton Beach, FL 32547
Flexible layout with three private lockout suites, kitchenettes, and direct water access.
Property SizeContact for details
Days on Market111
Property Features for 157 Monahan Dr
General Information
Standard status
Active
Property subtype
HOSPITALITY
Units
Unit Mix
3 x lockout suite
Multifamily Units
3
Amenities
dock
boat lift
stunning views
beautiful sunsets
outdoor living space
balcony
water access
great room
granite countertops
kitchen island
commercial refrigerator
laundry areas
game room
whole house generator
storage sheds
AC unit
flood gates
Listing Agency:
Lokation Real Estate
(850) 461-8140
Listed By:
Diana Wonch
(850) 461-8140
Source:
Moodyscre
Added: May 14
Changed: Aug 30
Last Checked: Aug 31 at 5:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lokation Real Estate
Investment Insights
Based on property information with market context.
This waterfront short-term rental property offers a flexible configuration with three lockout suites, each equipped with a kitchenette. Interior features include a bright great room, granite countertops, a large kitchen island, commercial refrigerator, two laundry areas, and a game room. The property also includes a whole-house generator, two storage sheds, a 2020 AC unit, flood gates, ample parking, and expansive outdoor living areas with a large balcony.
The property has 98 feet of waterfront, a two-story dock, and a boat lift with electric and water service. Direct water access and waterfront views complement the outdoor improvements. Short-term rentals are allowed, there is no HOA, and the property has operated as a rental since 2024. Its layout also supports use as a full-time residence, secondary home, or multigenerational property.
The property has 98 feet of waterfront, a two-story dock, and a boat lift with electric and water service. Direct water access and waterfront views complement the outdoor improvements. Short-term rentals are allowed, there is no HOA, and the property has operated as a rental since 2024. Its layout also supports use as a full-time residence, secondary home, or multigenerational property.
Key Highlights
- 98 feet of waterfront with direct water access
- Two‑story dock and boat lift with electric and water
- Three lockout suites with kitchenettes
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Explore this area
Business Placement
Demographics for 32547, FL
35,466
Population
16,112
Households
2.2
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
29.0 sq mi
ZIP Area
1,223
Density / Sq Mi
$67,822
Median Household Income
$36,465
Median Earnings
$1,421
Median Rent
$299,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Flexible layout with three private lockout suites, kitchenettes, and direct water access.
Where is this short term rental property located?
The property is located at 157 Monahan Dr Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 98 feet of waterfront with direct water access; Two‑story dock and boat lift with electric and water; Three lockout suites with kitchenettes
