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$779,000
Preferred partner

Kinsfolk Signature Realty
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Rare downtown Fort Walton Beach investment and redevelopment opportunity! Situated on approximately 0.45 acres, this unique property features two detached 1-bedroom, 1-bath cottages with immediate rental-income potential, plus a substantial amount of additional land offering exciting future possibilities. The property benefits from access/frontage along both Brooks Street SE and Alconese Avenue SE, creating exceptional flexibility for builders, developers and investors. Seller has obtained professional survey work and conceptual site plans illustrating multiple potential residential configurations. Enjoy a highly desirable location near downtown Fort Walton Beach, the waterfront, Brooks Bridge, dining, shopping and beaches, while mature trees provide a private setting. Hold the existing cottages as rentals, explore additional homesites, or consider a larger redevelopment vision. Conceptual plans have not been approved by the City. Buyer to independently verify zoning, subdivision, density, setbacks, utilities, flood requirements and all development potential.
Tour with a local agent
Contact agent
| Date | Event | Price |
|---|---|---|
| 2026-09-21T00:00:00.000Z | Listed for sale | $779,000$825/sqft |
James P Ruckel
Berkshire Hathaway HomeServices
Brokerage Phone: 850-502-5995
Source: Emerald Coast MLS · MLS #1012398
Data Powered by Home Junction, Inc.
NORTHWEST FLORIDA BALLET ACADEMIE
Elementary · 0.2 mi
MIGRANT NON-ENROLLED STUDENTS
0.4 mi
OKALOOSA VIRTUAL INSTRUCTION PROGRAM
Elementary · 0.4 mi
Publix
0.2 mi
A Second You LLC - Errand Services
0.2 mi
Downtown Fort Walton Beach Farmers' Market
0.4 mi
Deli @ Publix
0.1 mi
Rick's Crab Trap
0.2 mi
Miramar Enterprise of Fwb
0.3 mi
Little Marler Park
0.3 mi
Villa Russ Park
0.4 mi
Heritage Park and Cultural Center
0.4 mi
Fort Walton Beach
0.6 mi
Okaloosa Island Beach
1.0 mi
Princess Beach
3.8 mi
Nearby amenity locations include data © OpenStreetMap contributors.