195 Brooks St SE Fort Walton Beach, FL 32548
Property summary
Unparalleled development opportunity with this prime 1.87-acre waterfront parcel, ideally situated in historic downtown Fort Walton Beach. This exceptional property boasts 228 feet of deep-water frontage directly on the Intercoastal Waterway, making it perfect for a variety of development projects including a hotel, dry water boat storage, or RV park. Located just before the bridge to Okaloosa Island, this parcel offers immediate access to several restaurants and is minutes by water to the renowned East Pass in Destin. With its prime location and significant waterfront, this site is poised to become a landmark destination. Owner is open to owner financing and a long-term ground lease.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel Bed & Breakfast
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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