410 Cobia Avenue, Fort Walton Beach

$520,000

0 Bed
0 Bath
.49 Acre
0 Garage

FEES have been paid to split this lot. Rare opportunity to own a newly replatted oversized homesite on Okaloosa Island offering exceptional flexibility and development potential. This expansive property can now be developed as two separate buildable parcels for individual homes, investment opportunities, or family compounds -- or combined to create one extraordinary estate-sized retreat just steps from the Gulf.

Imagine designing a private coastal compound with room for a luxury residence, resort-style pool, guest house, pickleball and tennis courts, chipping and putting green, outdoor entertaining spaces, and expansive gathering areas ideal for large family retreats, corporate getaways, or legacy ownership. Depending on your vision and design, upper levels may capture views of both the Gulf of Mexico and the Santa Rosa Sound.

The property is level, cleared, and ready for development, located on the north side of Santa Rosa Boulevard adjacent to the county's newly installed kayak launch. Enjoy easy access to the sugar-white sand beaches and emerald waters of the Gulf, along with nearby dining, entertainment, boating, and shopping that make island living so desirable.

Whether you're envisioning two coastal homes, a luxury vacation compound, or a one-of-a-kind estate property, opportunities of this size and flexibility on Okaloosa Island are increasingly rare.

Essential Information
MLS® #1003003
Price$520,000
Sold Price$450,000
Date Sold$2026-10-23
Acres0.49
TypeLand
Sub-TypeUnimproved Land
StatusSold
Community Information
Address410 Cobia Avenue
Area12 - Fort Walton Beach
CityFort Walton Beach
CountyOkaloosa
StateFL
Zip Code32548
Subdivision

OKALOOSA ISLAND RESD (242203.00)

Amenities
UtilitiesTap Fee Due
View

Gulf, Intracoastal Waterwy, Sound

Lot Description

Cleared, Cul-De-Sac, Within 1/2 Mile to Water, Will Divide

School Information
ElementaryElliott Point
MiddleBruner
HighFort Walton Beach
Additional Information
Days on Website166
ZoningResid Single Family
Office

Berkshire Hathaway HomeServices

Property History
Price Reduced from $525,000 to $520,000
Price Reduced from $550,000 to $525,000
Price Reduced from $599,000 to $550,000
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 27th, 2026 at 5:52pm CDT.