This centrally located, two-story REO property in Fort Walton Beach offers an incredible investment opportunity with tons of potential. Built in 1960, this spacious home features a rare layout boasting four bedrooms and 3.5 bathrooms, highlighting two complete master suites--one conveniently located downstairs and the other private on the second floor. The functional floor plan includes an oversized one-car garage and a fully fenced backyard that centers around an in-ground gunite pool. Positioned in the heart of town, the property is just a few miles from both Eglin AFB and Hurlburt Field. The beaches, shopping, schools and more are also just a short drive away. Because the home does require some repairs, it may not qualify for traditional financing, making it a perfect fit for renovation loans, cash buyers, or investors. This property may qualify for vendee financing and is a definite must see. Call today!