209 SE First Street Fort Walton Beach, FL 32548

Single Family Detached MLS #: 963375 Courtesy Of Coldwell Banker Realty

$428,000

2 beds | 1 baths | 862 sq ft
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Estimated monthly payments: $1,871/mo.* (recalculate)

Property InformationDescription

Discover the potential of this spacious 0.41-acre property located in downtown Fort Walton Beach. Nestled in a bustling, convenient location, this parcel is a rare find in town. The current structure, while in need of significant TLC, offers a blank canvas for a visionary buyer. With the option to refurbish for residential use or tear down and explore redevelopment, the possibilities are endless.

Existing carport provides additional utility.

Proximity to Downtown Fort Walton Beach, vibrant community amenities, major thoroughfares, and business hubs. Zoning: Residential (Current), Potential for Commercial or Multi-Family (if redeveloped)

Welcome to this unique opportunity! This property is currently zoned residential, offering a charming dwelling that can be remodeled to suit your needs while maintaining its residential zoning status. The sellers are under the understanding that as long as the existing structure is remodeled, it can remain zoned residential.

However, if the current dwelling is torn down and redeveloped, the property will be re-zoned for commercial or multi-family use, providing exciting possibilities for future growth and investment.

Whether you're looking to restore the existing home to its former glory or explore new development options, this property provides flexibility and potential in a desirable location. Don't miss out on the chance to secure a versatile piece of real estate with fantastic future prospects!

For more details or to schedule a showing, contact us today!

Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Cooling System: Window Unit(s) A/C
  • Lot Size: 0.41 Acres
  • Rooms: Dining Room, Kitchen

MAP & DIRECTIONS

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209 SE First Street, Fort Walton Beach, FL 32548
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School Information

209 SE First Street, Fort Walton Beach, FL 32548

Elementary School
Grades PK-5 | Public School
ELLIOTT POINT ELEMENTARY SCHOOL
Fort Walton Beach, FL 32548
301 Hughes St NE
850.­833.3355
Distance: 1.1 mi
School Rating
C+
Student:Teacher Ratio
16:1
Total Students
603
Middle School
Grades 6-8 | Public School
MEIGS MIDDLE SCHOOL
Shalimar, FL 32579
150 Richbourg Ave
850.­833.4301
Distance: 3.1 mi
School Rating
C+
Student:Teacher Ratio
19:1
Total Students
627
High School
Grades 9-12 | Public School
CHOCTAWHATCHEE HIGH SCHOOL
Fort Walton Beach, FL 32547
110 Racetrack Rd NW
850.­833.3614
Distance: 3.2 mi
School Rating
C
Student:Teacher Ratio
21:1
Total Students
1637
Other Nearby Schools Distance Type Grades School Rating
Northwest Florida Ballet Academie 0.2 mi Public 3-8 A+
Okaloosa Virtual Instruction Program 0.3 mi Public KG-12
First United Methodist School 0.4 mi Private PK-KG
Montessori Learning Center 0.9 mi Private PK-3
St Mary Catholic School 1.0 mi Private PK-8
Max Bruner Junior Middle School 2.1 mi Public 6-8 C+
Edwins Elementary School 2.2 mi Public PK-5 D+
Fort Walton Beach High School 2.3 mi Public 9-12 C+
Silver Sands-exceptional Children 2.4 mi Public PK-12
Wright Elementary School 2.8 mi Public PK-5 D+
Liza Jackson Preparatory School 3.0 mi Public KG-8 A
Calvary Christian Academy & Preschool 3.1 mi Private PK-12
W.c. Pryor Middle School 3.2 mi Public 6-8 B-
Mary Esther Elementary School 3.3 mi Public PK-5 C+
Shalimar Elementary School 3.4 mi Public PK-5 C-
Lotus Learning & Arts Center 3.5 mi Private KG-11
Advanced Sacred Hope Academy 3.6 mi Private PK-5
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Fort Walton Beach, FL 32548

Median Age: 41.5
Married: 41%
Number of Households: 10,683
Households with Children: 26.2%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. 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.