$950,000
Fort Walton Beach, FL 32547
MLS# 990451
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Property Description
Seize a high-density development opportunity ideally situated off Racetrack Rd in Fort Walton Beach. This 1.02-acre property falls within the Urban Development Area Boundary (UDAB), a designation in Okaloosa County that provides regulatory benefits for urban growth. The site comprises two adjacent parcels with an impressive 499 feet of combined road frontage - 327' on Skipper Ave and 172' on Katherine Street. Developing inside the UDAB allows you to maximize density and height with potential for up to 25 units (subject to final county approval), as well as benefitting from relaxed setback requirements, expedited development approval and potential tax benefits. An occupied duplex exists on the south end of the property on Skipper. May be razed or utilized for interim income.
Details
None
Current Price: $950,000
Status Change Info
Status: Active
Contract Info
GCCMLS Number: 43925809
List Date: 2025-11-28
List Price: $950,000
Listing Board: Emerald Coast
Location Tax and Legal
Area: 12 - Fort Walton Beach
Street #: 98 and 114
Street Name: Skipper
Street Suffix: Avenue
State: FL
Zip Code: 32547
County: Okaloosa
Parcel ID: 01-2S-24-1120-0010-0010
General Property Info
Listed on GCCMLS: No
Vacant: No
Immediate Occupancy: Yes
Acreage: 1.02
Lot SqFt: 44431
Lot Frontage: 682
Zoning: MU
Multi-Family
# of Units: 25
Property Features
Class: Multi-Family
Construction Status: N/A; Proposed
Supplements
Buyer to verify lot dimensions.
Listing Office: RE/MAX Coastal Properties
Last Updated: April - 01 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
