Exceptional waterfront opportunity with 115 feet of beach

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Home For Sale

1491 W Highway 98

Mary Esther, Florida 32569

Okaloosa County

Waterfront: Yes

Community: METES & BOUNDS

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$1,040,000 4 br, 3.0 bath 2986 sq. ft. 0.440 acres

Exceptional waterfront opportunity with 115 feet of beach shoreline and beautiful water views throughout this thoughtfully updated property. A new dock featuring a spacious sundeck invites you to relax, fish, or entertain while taking in the scenery. This home also features a 1200 sqft 1-bed, 1-bath apartment over the garage, offering excellent income-producing potential. Inside, the kitchen features a cozy breakfast nook with a bay window perfectly positioned to capture the water view, and tile flooring runs throughout the home-no carpet. The home underwent a full remodel in 2005-2006, including sheetrock, insulation, electrical, windows, doors, and flooring. Major updates continue with a new roof and HVAC in 2021, and plumbing relocated to the walls and attic in 2021. Newer appliances include a very quiet dishwasher and a brand-new microwave. A concrete safe room adds exceptional storm protection and security. A spacious 400 sq ft office with a separate entrance offers flexibility for a home business, guest suite, or potential 5th bedroom, with its own closet, handicap-accessible design, and the ability to add a bathroom. Storage is abundant throughout both the main home and the apartment. The upstairs apartment, built in 2008, features a private entrance, its own water heater (2008), HVAC (2021), exterior-vented hood, washer and dryer, and independent security system. Step out onto the private balcony and enjoy sweeping views of the sound, making this space especially appealing for guests or tenants. A circular driveway offers ample parking, hurricane shutters and a security system added peace of mind. A workshop is also included. This versatile waterfront property offers stunning views, flexible living options, and strong investment potential all in one exceptional setting.

Interior:
  • Bedrooms: 4
  • Baths: 3.0
  • Sq Ft: 2986
  • Year Built: 2008
  • Utilities: 
  • Fireplaces: Has Fireplace
  • Stories: 2
  • Heat/AC: 
  • Garage: Oversize
Exterior:
  • Lot Size: 0.440 acre
  • Lot Dimensions: 
  • Waterfront: Yes
  • View Types: 
  • Yard: 
  • Siding: Concrete, Siding CmntFbrHrdBrd, Siding Vinyl, Trim Aluminum
  • Roof: 
  • Property Taxes: $3,920
  • MLS #: 992670
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Contact Information:
Beach Home For Sale in Mary Esther, Florida
Listing Agent: Michelle A Whitaker, ERA American Real Estate, 850-855-8551, 850-651-2454 Listing Site, Listing Status: Active
Copyright © 2025 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7118188
Viewed 35 times.
Updated: Jan 28, 2026

This property is a Home located at 1491 W Highway 98, Mary Esther, Florida 32569, and is currently For Sale at $1,040,000. This Home has 4 bedrooms, 3.0 baths, 2986 sq ft.