SELLER OFFERING $5,000 CREDIT! What if your waterfront home

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Home For Sale

1491 W Hwy 98

Mary Esther, Florida 32569

Okaloosa County

Waterfront: Yes

Community: METES & BOUNDS

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

SELLER OFFERING $5,000 CREDIT! What if your waterfront home could help pay for itself? This rare opportunity offers 115 feet of shoreline, sweeping water views, & a versatile layout designed for both lifestyle & income potential. Whether you're searching for a primary residence, second home, or investment property, this one delivers. A newly built sundeck (2021) creates the perfect setting for boating, fishing, or sunset evenings on the water. Inside, the main home features tile flooring throughout, a bay-window breakfast nook w/ water views, full renovation in 2005-06 & extensive updates including roof, HVAC, and plumbing in 2021. The standout feature? A private 1,200 sq ft 1-bedroom apartment over the garage w/ its own entrance, balcony, HVAC, water heater, washer/dryer & security system--ideal for long-term tenants, short-term rental income, or extended family. Additional highlights include a 400 sqft office w/ separate entrance (perfect for a home business or guest suite), concrete safe room, workshop, circular driveway, newer appliances (5 yrs or newer), & abundant storage throughout. Live on the water, generate income, & maximize flexibility--all in one unique property.

Interior:
  • Bedrooms: 4
  • Baths: 3.0
  • Sq Ft: 2986
  • Year Built: 1981
  • 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 © 2026 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 137 times.
Updated: May 01, 2026

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