98 and 114 Skipper Avenue, Fort Walton Beach, FL 32547 (MLS# 990451)

98 and 114 Skipper Avenue, Fort Walton Beach, FL 32547

$950,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 44,431 Status: Active

Current Price: $950,000 List Date: 11/28/2025 Last Modified: 11/28/2025

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.

More Information MLS# 990451

Contract Info

GCCMLS Number: 43925809 Listing Board: Emerald Coast List Date: 2025-11-28 List Price: $950,000

Location, Tax and Legal

Sub Area: 1206 - Ocean City Property Name: Townhouse Development Legal Description: HARRIS S/D LOTS 1 and 2 BLK 10 01-2S-24-1120-0010-0010 and HARRIS S/D LOT 3 BLK 10 01-2S-24-1120-0010-0030

General Property Info

Listed on GCCMLS: No Vacant: No Lot SqFt: 44431 Immediate Occupancy: Yes Lot Depth: 230 Zoning: MU Lot Frontage: 449 Acreage: 1.02

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: 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.

Class

Multi-Family: 1

Construction Status

N/A: 1 Proposed: 1

Multi-Family

# of Units: 25

None

Current Price: $950,000

Status Change Info

Status: Active

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

Property Features

Class: Multi-Family Construction Status: N/A; Proposed

Listing Office: RE/MAX Coastal Properties

Last Updated: November - 28 - 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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