Under-Construction Duplex with Modern
For Sale
$725,000
89 Eccles Road, Fort Walton Beach, FL 32547
Residential, Fort Walton Beach, FL
Property Size3,148 SF
Price / SF$230.30
Days on Market115
Property Features for 89 Eccles Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
County
Bedrooms
6
Bathrooms
7
Full bathrooms
6
Half bathrooms
2
Rooms
Bathroom 6, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 5, Bathroom 1, Bathroom 8, Bedroom 1, Bedroom 6, Bedroom 2, Bathroom 7
Parking
6
Appliances
Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Stove/Oven Electric, Washer
Elementary school
Shalimar
Middle school
Pryor
High school
Choctawhatchee
Directions
Traveling West on Miracle Strip Parkway turn right on to Beal Pkwy. S.W. Follow to Beal Pkwy. N. W. then left on Hurlburt Field Road then left on Eccles Road.
Subdivision
12 - Fort Walton Beach
Standard status
Active
APN
03-2S-24-0000-0170-0010
Size
3,148 SF
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Description
COM NW COR E 810FT S 20.23FT TO S R/W AND POB S 80.79FT E 89.89FT N 80.8FT W 89.87FT TO POB
Legal Description
COM NW COR E 810FT S 20.23FT TO S R/W AND POB S 80.79FT E 89.89FT N 80.8FT W 89.87FT TO POB
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Amenities
luxury vinyl plank flooring
quartz countertops
stainless steel appliances
soft close cabinetry
privacy blinds
private fenced backyard
irrigation system
Building Details
Year built
2026
Floors in Building
1
Building materials
Siding Vinyl
Architectural style
Other
Buildings
1
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(850) 863-4563
Listed By:
Olivia A Wolff PLLC · License #3591104
(850) 865-3533
Added: Jul 6
Changed: Oct 26
Last Checked: Oct 28 at 5:06AM
MLS# 1007067
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This under-construction duplex contains 3,148 square feet, with each residence offering 1,574 square feet of living space. Both units are configured with three bedrooms, three and one-half bathrooms, a one-car garage, and a dedicated laundry room with a washer and dryer. Interior finishes include luxury vinyl plank flooring, quartz countertops, stainless steel appliances, soft-close cabinetry, and privacy blinds.
Each residence includes a private fenced backyard with irrigation. The property has three separate power meters: one serving each unit and a third dedicated to security lighting and the well pump. Additional features include central air, vinyl siding, public sewer, and County zoning. The property is identified with a 2026 construction year.
Each residence includes a private fenced backyard with irrigation. The property has three separate power meters: one serving each unit and a third dedicated to security lighting and the well pump. Additional features include central air, vinyl siding, public sewer, and County zoning. The property is identified with a 2026 construction year.
Key Highlights
- 3,148‑square‑foot duplex with two 1,574‑square‑foot units
- Each unit includes 3 bedrooms, 3.5 bathrooms, and a one‑car garage
- Luxury vinyl plank flooring, quartz countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,234
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,680
$724.7K
Cap Rate 7%
$517,629
$517.6K
Cap Rate 9%
$402,600
$402.6K
Market Conditions
NOI Build-Up for 3,148 SF
Gross rent
$54.8K $17.40/SF
− Vacancy
−$3.0K −$0.96/SF
EGI
$51.8K $16.44/SF
− OpEx
−$15.5K −$4.93/SF
NOI
$36.2K $11.51/SF
Area
Okaloosa County, FL
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,680
Cap Rate 7%
$517,629
Cap Rate 9%
$402,600
Alternative Uses
Best Use
Multifamily LT 5
$517.6K
$452.9K – $603.9K
NOI $36,234 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$465.3K
$407.1K – $542.8K
NOI $32,568 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.42M
NOI $84,920 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with private fenced yards, central air, and separate utility metering.
Where is this duplex located?
The property is located at 89 Eccles Road Fort Walton Beach, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,148‑square‑foot duplex with two 1,574‑square‑foot units; Each unit includes 3 bedrooms, 3.5 bathrooms, and a one‑car garage; Luxury vinyl plank flooring, quartz countertops, and stainless steel appliances
