423 Caviar Drive, Fort Walton Beach

$1,949,000

5 Beds
4 Baths
3,208 Sqft
.32 Acre
2 Garages

Stunning Newly Renovated Waterfront Coastal Retreat, Just Moments from the Beach! Welcome to your slice of paradise, a beautifully reimagined 5-bed/4-full bath, single-family home spanning over 3200sf of sophisticated living space on a .32-acre lot with 100' waterfront in the highly desirable Okaloosa Island area. This 1971 built home has been completely transformed with high-end renovations throughout, blending timeless coastal charm with contemporary luxury. Step inside to discover an open-concept floor plan bathed in natural light, featuring brand-new large format porcelain tile flooring, fresh neutral paint, smooth modern ceilings and trim, and elegant recessed lighting that creates an inviting, airy atmosphere perfect for relaxed Florida living or entertaining. The gourmet kitchen is a chef's dream, boasting quartz countertops, matching solid quartz backsplash, stainless steel appliances, a large waterfall center island with breakfast bar seating, custom soft-close cabinetry, ideal for preparing meals while staying connected to family and guests in the adjoining living and dining areas. The Waterfront Dining Room is perfect for entertaining. This space boasts the ability to seat 30 guests at one time, with a custom-made natural wood dining table. The wet bar sits on one side of the room with antique glass backsplash, an icemaker, and large wine cooler, while the adjacent side has a custom banquet booth for additional seating. All 5 generous bedrooms offer ample space and comfort with access to the pool from every bedroom. The primary suite provides a peaceful retreat complete with a spa-like en-suite bathroom featuring modern fixtures, a walk-in shower, luxurious soaking tub, dual vanities, and plenty of storage. A newly built guest suite with its own private bathroom. Two bedrooms that share newly renovated jack and jill bathroom have been fully updated with contemporary tile work, new vanities, and high-efficiency fixtures. Additional highlights include:
·Brand-new roof, HVAC system, plumbing, and electrical updates for peace of mind. ·Brand new extra deep Double Car Garage for two large cars and more storage. ·Expansive living areas with flexible bonus spaces (perfect for a home office, media room, or guest suite potential). ·Large, fenced backyard with a pool, and outdoor teak dining and lounging areas for endless coastal entertaining. ·Ample parking and storage options. ·No HOA restrictions in this sought-after neighborhood. Location is everything here - you're just a short 3 min stroll (500 ft.) from the sugar-white sands and emerald waters of the Gulf of Mexico. Enjoy full Choctawhatchee Bay access with a deep-water dock with both boat & wave runner lifts. Just out the backdoor you will have access to the Florida Intercoastal Waterway, Crab Island and the Gulf of Mexico, for fishing, water sports, and the vibrant dining/shopping scene of Fort Walton Beach and Destin. This prime spot offers the best of Emerald Coast living; beach proximity without the high-rise condo fees! Whether you're seeking a primary residence, vacation getaway, or smart investment property in one of Florida's most coveted coastal markets, this turnkey renovated beauty is move-in ready and waiting for its new owners. Don't miss this rare opportunity - schedule your private showing today and start living the beach life you've always dreamed of!

Essential Information
MLS® #995651
Price$1,949,000
Bedrooms5
Bathrooms4.00
Full Baths4
Square Footage3,208
Acres0.32
Year Built1971
TypeResidential
Sub-TypeDetached Single Family
StyleContemporary
StatusActive
Community Information
Address423 Caviar Drive
Area12 - Fort Walton Beach
SubdivisionSANTA ROSA ISLAND
CityFort Walton Beach
CountyOkaloosa
StateFL
Zip Code32548
Amenities
ParkingOversized
# of Garages2
Is WaterfrontYes
WaterfrontIntracoastal Wtrwy, Sound
Has PoolYes
PoolIn Ground
Utilities

Gas - Natural, Public Sewer, Public Water

View

Bay, Canal, Intracoastal Waterwy, Sound

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

Breakfast Bar, Fireplace 2+, Kitchen Island, Recessed Lighting, Wet Bar

Appliances

Dishwasher, Microwave, Double Oven, Range Hood, Refrigerator

Exterior
Exterior FeaturesBoatlift, Dock, Private Yard
RoofShingle
ConstructionBrick, Wood Siding
Lot Description

Bulkhead/Seawall, Within 1/2 Mile to Water

School Information
ElementaryEdwins
MiddleBruner
HighFort Walton Beach
Additional Information
ZoningResid Single Family
Listing Details
OfficeEXP Realty LLC
Property History
Price Reduced from $1,979,000 to $1,949,000
Price Reduced from $1,989,000 to $1,979,000
Price Reduced from $1,999,000 to $1,989,000
Price Reduced from $2,150,000 to $1,999,000
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Listing information last updated on October 15th, 2026 at 9:37pm CDT.