324 Nw Lake Drive, Fort Walton Beach

$494,500

3 Beds
2 Baths
2,714 Sqft
.61 Acre
2 Garages

A RARE FORT WALTON BEACH OPPORTUNITY! A HOUSE + A BUILDABLE EMPTY LOT!

Bring your vision, your contractor, and your plans! This 3-bedroom, 2-bath home offers incredible potential and comes with something increasingly hard to find: a COMPLETE BUILDABLE LOT directly next door that can be separated and developed!

Whether you're a builder, investor, home flipper, or buyer looking for extra land, this property opens the door to endless possibilities. Renovate the existing home and enjoy the additional space, build on the neighboring lot, or explore the investment potential of creating two separate properties.

The home already features a BRAND-NEW ROOF and sits on a generously sized lot with a HUGE backyard. While the interior is ready for remodeling and your personal touch, the bones, land, and opportunity are what make this property truly stand out.

And then there's the workshop! The property showcases an impressive OVERSIZED, TWO-STORY CRAFTSMAN WORKSHOP complete with HVAC--an incredible space for woodworking, hobbies, storage, a studio, or countless other possibilities. The property even includes a CONCRETE BOMB SHELTER, adding a truly unique feature you simply don't see every day.

Location is another major win. Just steps away is Vesta Heights Park, a local Fort Walton Beach favorite offering a playground, picnic areas, walking and exercise paths, fitness stations, park benches, and beautiful green space for the entire family to enjoy. Read more... A 3-bedroom home. A brand-new roof. A massive backyard. An oversized two-story HVAC-equipped workshop. A concrete bomb shelter. AND a separate buildable lot next door. Whole House Generac Generator. What else would you need?
Minutes from everything that makes Fort Walton Beach such a desirable place to call home! Enjoy quick access to the BEACH, shopping, schools, dining, parks, and the hidden local gem of Linstew Beach--a peaceful public waterfront/bayou access perfect for scenic views, shoreline enjoyment, and launching small watercraft. Convenience, recreation, and the Florida lifestyle are all right outside your door!
Opportunities with this much flexibility don't come along often. For builders, investors, flippers, or buyers with a vision, this could be the one you've been waiting for. DO NOT LET THIS ONE PASS YOU BY!

Essential Information
MLS® #1010617
Price$494,500
Sold Price$475,000
Date Sold$2026-10-01
Bedrooms3
Bathrooms2.00
Full Baths2
Square Footage2,714
Acres0.61
Year Built1968
TypeResidential
Sub-TypeDetached Single Family
StyleRanch
StatusSold
Community Information
Address324 Nw Lake Drive
Area12 - Fort Walton Beach
SubdivisionVESTA HEIGHTS
CityFort Walton Beach
CountyOkaloosa
StateFL
Zip Code32548
Amenities
ParkingOversized, Garage
# of Garages2
Utilities

Electric, Gas - Natural, Public Water, TV Cable

Interior
HeatingGas - Natural
CoolingCentral Air, Ceiling Fan(s)
# of Stories1
Interior Features

Bookcases, Beamed Ceilings, Fireplace, Pantry

Appliances

Dishwasher, Disposal, Dryer, Refrigerator, Washer, Electric Water Heater

Exterior
Lot DescriptionWithin 1/2 Mile to Water
WindowsPlantation Shutters
RoofShingle
ConstructionBrick, Trim Wood
School Information
ElementaryEdwins
MiddleBruner
HighFort Walton Beach
Additional Information
Days on Website55
ZoningCity
Listing Details
OfficeRealJoy Realty LLC
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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 20th, 2026 at 5:37am CDT.