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.

Listing courtesy of James P Ruckel of Berkshire Hathaway HomeServices



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Last checked: 2026-09-21 11:31 PM UTC