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    Fort Walton Beach, FL Waterfront Land for Sale

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    Waterfront Mixed-Use Land Assemblage
    Updated: Aug 10, 2025
    Waterfront Mixed-Use Land Assemblage

    54 SE Miracle Strip Parkway, Fort Walton Beach, FL 32548

    $6,950,000
    2.47 AC lot
    +/-2.47 acres of waterfront assemblage on the Sound of Fort Walton Beach and +/-248' along Miracle Strip Parkway.
    Two contiguous, combined parcels totaling 248' x 230' x 248' x 218' (buyer to verify dimensions).
    Zoned MX‑2 Mixed‑Use (High Intensity) per City of Fort Walton Beach land development code.
    MX‑2 allows multifamily, commercial and office uses, and other mixed‑use development scenarios on one parcel or lot/building.
    Max density in MX‑2 is 30 dwelling units per acre, with possible bonus up to 45 dwelling units per acre.
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    Waterfront Mixed-Use Redevelopment Land
    Updated: Aug 10, 2025
    Waterfront Mixed-Use Redevelopment Land

    54 SE Miracle Strip Parkway, Fort Walton Beach, FL 32548

    $6,950,000
    2.47 AC lot
    Waterfront assemblage on the Sound of Fort Walton Beach with 248’ of fronting and 2.47 total waterfront acres
    MX‑2 mixed‑use (high intensity) zoning for multifamily, commercial/office, artisan studios, and cottage industries
    Two contiguous parcels with dimensions: 248’ x 230’ x 248’ x 218’
    Near Brooks Bridge (under development) and a short walk to the historic downtown district of Fort Walton Beach
    MX‑2 max density up to 30.0 dwelling units/acre; bonus may allow up to 45.0 dwelling units/acre
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Fort Walton Beach, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Waterfront Land Development Opportunity
    Waterfront Land Development Opportunity

    757 E Miracle Strip Parkway, Mary Esther, FL 32569

    $5,000,000
    5.03 AC lot

    5-acre waterfront property approved for condominium development in Mary Esther.

    View details
    Waterfront Land in Poquito Bayou
    Waterfront Land in Poquito Bayou

    15 Poquito Road, Shalimar, FL 32579

    $975,000
    0.79 AC lot

    Rare 0.8-acre waterfront property with 145+ feet of frontage.

    View details
    Waterfront Land Homesite
    Waterfront Land Homesite

    3,4,5 Petit Court, Shalimar, FL 32579

    $50,000
    1.00 AC lot

    Waterfront lots 2–5 offer access to Lake Como and the Choctawhatchee Bay, with wetlands considerations to plan for.

    View details
    Waterfront Development Land with Condo Approval
    Waterfront Development Land with Condo Approval

    757 E Miracle Strip Parkway, Mary Esther, FL 32569

    $5,000,000
    5.00 AC lot

    Three adjacent parcels on approximately 5 acres offer over 400 feet of water frontage and approved condominium development.

    View details

    Fort Walton Beach, FL Waterfront Land Market Trends and Statistics

    Explore 2 waterfront land for sale in Fort Walton Beach, FL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $13,900,000.

    Sale prices for water rights properties in Fort Walton Beach, FL start at $6,950,000, averaging $6,950,000, and reaching up to $6,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 18
    Waterfront Land 3
    Residential land & home lots 2
    Industrial land 1

    Demographics Overview

    Population 59K
    Population Growth (5Y) +7.7%
    Median Household Income $66,255
    College Educated 25.9%

    High-Yield Neighborhoods for Investment

    Identify Fort Walton Beach submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32547 $1.3M
    32548 $5.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.28%
    Property Tax per SF $17.48 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Okaloosa County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Okaloosa County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Fort Walton Beach fall within the 1 to 5 acres range.

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