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54 SE Miracle Strip Parkway, Fort Walton Beach, FL 32548

$7,950,000
Property Type: Land Lot Size (sq. ft.): 107,593 Status: Active
Current Price: $7,950,000 List Date: 8/10/2025 Last Modified: 8/11/2025

Description

Extraordinarily rare legacy waterfront assemblage favorably zoned ''MX-2 Mixed-Use'' (pursuant to City of Fort Walton Beach land development code) for high density redevelopment to achieve economies of scale involving a plausible host of viable development scenarios. Its prime ±248 fronting footage on the scenic Sound of Ft. Walton Beach, Florida, as well as ±248' along Miracle Strip Parkway, is within ±½ mile from the spectacular Brooks Bridge (under development and construction), as well as a pedestrian friendly, short walk to the historic downtown district of Fort Walton Beach, Florida. The combined total waterfront acreage is ±2.47, while the dimension of the two contiguous, combined parcels is as follows: 248' x 230' x 248' x 218'. The assemblage is offered as-is, where-is, with no

Supplements: attributable value to the current structures onsite. Buyer must verify zoning, potential development entitlements, riparian rights (dock / "marina") through the City of Ft. Walton Beach, Okaloosa County, and including but not limited to the Corp. of Engineers, and the FDEP. Access to the property is strictly prohibited unless properly scheduled with advance notice through the listing agent(s). Please inquire for additional information. "MX-2 Mixed High Use" was defined as follows: MX-2  Mixed-use (High Intensity) Zoning District. The mixed-use zoning district is established to provide for a wide variety of land uses, including multifamily structures, commercial and office uses, artisan studios, and cottage industries. Accessory uses for residential developments include onsite amenities, such as recreation facilities, carports, garages, storage buildings, parking lots, transit stops, and community buildings. Accessory uses for nonresidential developments include such onsite amenities as parking lots, parking structures, storage buildings, or transit stops. Open space in the form of plazas and courtyards may be provided. Waterfront locations may include accessory uses such as docks, boardwalks, or facilities for direct water access to support water-dependent uses. Uses within the MX-2 zoning district may be mixed within one (1) parcel or lot and may be mixed within one (1) building. The maximum density is thirty (30.0) dwelling units per acre. Bonus provisions may be authorized to allow a maximum density up to forty-five (45.0) dwelling units per acre. The maximum floor area ratio for nonresidential development is two (2.0) FAR. Bonus provisions may be authorized to allow a maximum floor area ratio of three (3.0) FAR.

More Information MLS# 982793

Contract Info

Listing Board: Emerald Coast List Price/Acre: 3218623.48 List Date: 2025-08-10 List Price: $7,950,000

Location, Tax and Legal

Sub Area: 1202 - East Fort Walton Beach Elementary School: Elliott Point Middle School: Bruner High School: Choctawhatchee Legal Description: Metes & Bounds. Okaloosa County, Florida Parcel Identification Numbers: 24-2S-24-0000-0027-0000 AND 24-2S-24-0000-0031-0000

General Property Info

Sub-Type: Vacant Land Acreage: 2.47

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 6411.97 Last Tax Year: 2024 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: Extraordinarily rare legacy waterfront assemblage favorably zoned ''MX-2 Mixed-Use'' (pursuant to City of Fort Walton Beach land development code) for high density redevelopment to achieve economies of scale involving a plausible host of viable development scenarios. Its prime ±248 fronting footage on the scenic Sound of Ft. Walton Beach, Florida, as well as ±248' along Miracle Strip Parkway, is within ±½ mile from the spectacular Brooks Bridge (under development and construction), as well as a pedestrian friendly, short walk to the historic downtown district of Fort Walton Beach, Florida. The combined total waterfront acreage is ±2.47, while the dimension of the two contiguous, combined parcels is as follows: 248' x 230' x 248' x 218'. The assemblage is offered as-is, where-is, with no

Waterfront

Sound: 1 Waterfront Feet: 248

Waterview

Gulf: 1 Sound: 1

Lot Features

Addl Land Available: 1 Within 1/2 Mile to Water: 1 See Remarks: 1

Lot Access

City Road: 1 County Road: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1

Zoning

Business: 1 City: 1 Commercial: 1 County: 1 Resid Multi-Family: 1 See Remarks: 1

None

Current Price: $7,950,000

Status Change Info

Status: Active

Location Tax and Legal

Street #: 54 Street Direction: SE Street Name: Miracle Strip Street Suffix: Parkway Area: 12 - Fort Walton Beach State: FL Zip Code: 32548 County: Okaloosa Project Name/Subdivision: N/A Parcel ID: 24-2S-24-0000-0031-0000

Property Features

Lot Access: City Road; County Road Lot Features: Addl Land Available; Within 1/2 Mile to Water; See Remarks Zoning: Business; Commercial; County; Resid Multi-Family; See Remarks Waterfront: Sound Waterview: Gulf; Sound Utilities: Electric; Public Sewer; Public Water
Listing Office: Somers & Company
Last Updated: August - 11 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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