433 Emerald Pointe Drive, Mary Esther
$749,900 - 5 Beds, 3 Baths, 3,164 Sf
MLS® # 1011826
1491 W Highway 98, Mary Esther
$980,000
4 Beds
3 Baths
2,986 Sqft
.44 Acre
2 Garages
Rare **Santa Rosa Sound waterfront opportunity** with **115 feet of waterfront**, a private dock with sundeck, and a **separate 1,200 sq. ft. apartment above the garage** offering outstanding flexibility for rental income, extended family, guests, or multigenerational living. Whether you're searching for a primary residence, second home, waterfront retreat, or investment property, this home offers options that are hard to find.
The main residence features beautiful water views, a bay-window breakfast nook overlooking the Sound, tile flooring throughout, and major updates including a 2021 roof, HVAC, and plumbing, plus a new water heater in 2026. The private apartment has its own entrance, balcony, washer/dryer, HVAC, water heater, and security system, allowing it to function independently from the main home.
Additional features include a **400 sq. ft. office with separate entrance**, concrete safe room, workshop, hurricane shutters, circular driveway, and abundant storage. Enjoy boating, fishing, paddleboarding, sunrises, and sunsets from your own waterfront property.
Located approximately **1.4 miles from Hurlburt Field**, this property combines waterfront living, income potential, and flexible space in one unique package.
Essential Information
MLS® #992670
Price$980,000
Bedrooms4
Bathrooms3.00
Full Baths3
Square Footage2,986
Acres0.44
Year Built1981
TypeResidential
Sub-TypeDetached Single Family
StyleTraditional
StatusActive
Community Information
Address1491 W Highway 98
Area12 - Fort Walton Beach
SubdivisionMETES & BOUNDS
CityMary Esther
CountyOkaloosa
StateFL
Zip Code32569
Amenities
UtilitiesPublic Sewer, Public Water
ParkingOversized
# of Garages2
ViewIntracoastal Waterwy, Sound
Is WaterfrontYes
WaterfrontIntracoastal Wtrwy, Sound
Interior
CoolingCeiling Fan(s)
# of Stories2
Interior Features
Vaulted Ceiling(s), Fireplace, In-Law Floorplan, Recessed Lighting, Pantry, Split Bedroom, Washer/Dryer Hookup
Appliances
Dishwasher, Microwave, Range Hood, Electric Water Heater
Exterior
RoofShingle
Exterior Features
Dock, Hurricane Shutters, Lawn Pump, Sprinkler System
Lot Description
Bulkhead/Seawall, Flood Insurance Req
Windows
Double Pane Windows, Window Treatments, Window Bay
Construction
Concrete, Siding Vinyl, Trim Aluminum, Siding CmntFbrHrdBrd
School Information
ElementaryFlorosa
MiddleBruner
HighFort Walton Beach
Additional Information
ZoningResid Single Family
Listing Details
OfficeERA American Real Estate
Property History
Price Reduced from $985,000 to $980,000
Price Reduced from $1,000,000 to $985,000
Price Reduced from $1,020,000 to $1,000,000
Price Reduced from $1,040,000 to $1,020,000
LISTING MAP
Properties for Sale Similar to 1491 W Highway 98, Mary Esther, FL
DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.
Vendors Member Number : 28325
Listing information last updated on October 19th, 2026 at 9:52pm CDT.
