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$324,900
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Property Description
31 Kelly Ave NE in Fort Walton Beach, FL is an exceptional and highly versatile opportunity for entrepreneurs, investors, and owner-occupants seeking flexibility in a prime location. Zoned C-2 General Commercial, this completely remodeled 1,159 square foot property features four office spaces and one full bathroom, offering the ideal layout for a professional office, boutique retail or service-based business, short-term rental investment, or even a primary residence. The zoning uniquely allows you to live and work on-site, giving business owners the ability to seamlessly operate from home while building equity in a high-demand coastal market. Access and functionality truly set this property apart. With two separate vehicular entry points -- Hughes Street to the south and Kelly Avenue to the north (the main front entrance) -- the layout provides excellent traffic flow and convenience. Four dedicated parking spaces are positioned at the front of the property, while a powered rear gate opens to a paved, enclosed driveway offering secured additional parking. Outdoor electrical hookups are already in place, making RV parking simple and ready to go. Major capital improvements add peace of mind, including a re-reroof in 2015, new windows installed in 2017, and a tankless water heater for modern efficiency. The outdoor features elevate this property even further, with a dry sauna and outdoor shower conveying with the sale, along with a large storage shed with electricity--perfect for equipment, inventory, or workshop space. Located just minutes from downtown Fort Walton Beach, the beaches, Eglin Air Force Base, and Hurlburt Field, this property combines visibility, accessibility, and unmatched flexibility in one compelling package. Whether launching a business, expanding your portfolio, or securing a dynamic live/work space, 31 Kelly Ave NE delivers opportunity, functionality, and long-term upside all in one address.
Full Property Details
Full Property Details for 31 NE Kelly Ave
General
- Price: $324,900
- Status: Active
- Type: Commercial
- Source: Emerald_Coast
- MLS ID: 996356
- Updated: 4/13/2026
- Added to Site: 52 day(s) ago
Location
- Area: 12 - Fort Walton Beach
- County: Okaloosa
- Driving Directions: From Eglin Parkway turn west on Kelly Ave. The property will be on the left.
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405.2
- Lot Dimensions: 50 x 150
- Zoning: C-2
Disclosures and Reports
- Legal Description: CINCO BAYOU LOT 1 BLK 21
- APN: 12-2S-24-0460-0021-0010
- Property ID: 12-2S-24-0460-0021-0010
Listed by EXP Realty LLC
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Schools
Schools serving 31 NE Kelly Ave
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Elliott Point Elementary School 301 Hughes Street Northeast, Fort Walton Beach, FL 32548 | PK-5 | 0.8 mi |
Clifford Meigs Middle School 150 Richbourg Avenue, Shalimar, FL 32579 | 6-8 | 2.5 mi |
Fort Walton Beach High School 400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 31 NE Kelly Ave
Date
Details
Price
Change
Source
2/26/2026
Listed
$324,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 31 NE Kelly Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,748
12%
$116,732
12%
2024
$1,561
1%
$104,212
2%
2023
$1,543
10%
$102,294
13%
2021
$1,409
-6%
$90,580
-8%
2022
$1,499
6%
$98,727
5%
2021
$1,409
-3%
$94,076
2%
2019
$1,455
3%
$91,954
4%
2018
$1,409
60%
$88,171
60%
2017
$883
4%
$55,096
3%
2016
$852
4%
$53,415
5%
2015
$823
7%
$50,952
4%
2013
$769
—
$49,202
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 31 NE Kelly Ave
31 NE Kelly Avenue, Fort Walton Beach, FL 32548 (MLS# 996356) is a Commercial property. 31 NE Kelly Avenue is currently listed for $324,900 and was received on February 26, 2026. Want to learn more about 31 NE Kelly Avenue? Do you have questions about finding other Commercial real estate for sale in Fort Walton Beach? You can browse all Fort Walton Beach real estate or contact a Coldwell Banker agent to request more information.

