410 Cobia Ave Fort Walton Beach, FL 32548

Rare opportunity to own a newly replatted oversized homesite on Okaloosa Island offering exceptional flexibility and development potential. This expansive property can now be developed as two separate buildable parcels for individual homes, investment opportunities, or family compounds -- or combined to create one extraordinary estate-sized retreat just steps from the Gulf. Imagine designing a private coastal compound with room for a luxury residence, resort-style pool, guest house, pickleball and tennis courts, chipping and putting green, outdoor entertaining spaces, and expansive gathering areas ideal for large family retreats, corporate getaways, or legacy ownership. Depending on your vision and design, upper levels may capture views of both the Gulf of Mexico and the Santa Rosa Sound. The property is level, cleared, and ready for development, located on the north side of Santa Rosa Boulevard adjacent to the county's newly installed kayak launch. Enjoy easy access to the sugar-white sand beaches and emerald waters of the Gulf, along with nearby dining, entertainment, boating, and shopping that make island living so desirable. Whether you're envisioning two coastal homes, a luxury vacation compound, or a one-of-a-kind estate property, opportunities of this size and flexibility on Okaloosa Island are increasingly rare.