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$985,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 2,986 Sq. Ft.
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Rare opportunities like this don't come along often. Situated on 115 feet of waterfront along the Santa Rosa Sound, this one-of-a-kind property offers the perfect blend of luxury waterfront living, investment potential, & unmatched flexibility. Wake up to breathtaking sunrises, unwind with spectacular sunsets, & spend your days enjoying your private dock with spacious sundeck-ideal for boating, fishing, paddleboarding, or simply taking in the view. Looking for a home that works for you? This property features a 1,200 sq. ft. private apartment above the garage with its own entrance, balcony, washer/dryer, HVAC, water heater, & security system, making it an incredible opportunity for rental income, multigenerational living, a guest retreat, or extended stays. Inside the main home, you'll find water views throughout, a charming bay-window breakfast nook, tile flooring throughout (no carpet), & extensive updates including a full remodel, newer roof, HVAC, plumbing, & appliances for added peace of mind. Need even more flexibility? The 400 sq. ft. office with a separate entrance offers endless possibilities as a home business, studio, private workspace, guest suite, or potential additional bedroom. Additional features include a concrete safe room, workshop, hurricane shutters, circular driveway, & abundant storage throughout the home & apartment. Whether you're searching for a waterfront retreat, investment property, income-producing home, vacation getaway, multigenerational residence, or a place to enjoy the Florida lifestyle while offsetting your mortgage, this exceptional property checks every box. Live on the water. Generate income. Create lasting memories. This isn't just a home-it's an opportunity.

Full Property Details for 1491 W Hwy 98

General

  • Price: $985,000
  • Status: Active
  • Type: Single Family
  • Source: Pensacola
  • MLS ID: 684123
  • Updated: 6/10/2026
  • Added to Site: 67 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Attached Self Contained Living Area, Office/Study
  • Fireplace: Yes
  • Fireplace(s): Electric
  • Appliances: Water Heater, Electric Water Heater, Built In Microwave, Dishwasher, Refrigerator, Self Cleaning Oven
  • Flooring: Tile, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4
  • Primary Bedroom: 16 x 11, First Level, 176 Sq. Ft.
  • Bedroom 1: 13 x 17, First Level, 221 Sq. Ft.
  • Bedroom 2: 16 x 11, First Level, 176 Sq. Ft.

Other Rooms

  • Living Room: 14 x 18, First Level, 252 Sq. Ft.
  • Kitchen: Not Updated, Pantry, Tile Counters, 14 x 9, First Level, 126 Sq. Ft.
  • Eat-in kitchen: Yes
  • Dining Room: Eat-in Kitchen, Formal Dining Room, 14 x 15, First Level, 210 Sq. Ft.
  • Office: 14 x 19, First Level, 266 Sq. Ft.
  • Laundry: Inside, W/D Hookups

Additional Information

  • Security/Safety: Security System

Exterior

  • Exterior Features: Lawn Pump, Dock
  • Deck/Patio: Covered

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: 2 Car Garage, Circular Driveway, Garage Door Opener

Location

  • County: Okaloosa
  • Driving Directions: From Eglin Parkway, go west on Highway 98, to a U-turn at Calypso St. House is on the right.

School Information

  • Elementary School: Local School In County
  • Middle School: LOCAL SCHOOL IN COUNTY
  • High School: Local School In County

Heating & Cooling

  • Cooling Type: Multi Units, Ceiling Fan(s)
  • Heating Type: Multi Units

Utilities

  • Sewer: Public Sewer

Structural Information

  • Architectural Style: Traditional
  • Construction: Frame
  • Roof: Shingle
  • Stories/Levels: 2
  • Square Feet: 2,986
  • Year Built: 1981
  • Property Condition: Resale

Lot Features

  • Property View: Sound
  • Lot Size (Acres): 0.44
  • Street/Road Desc.: Paved
  • Road Maintenance: County Maintained Road
  • Zoning: Mixed Residential Subdiv

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Intracoastal Waterway, Sound, Waterfront, Beach Access
  • Beach Front: Yes

Financial Considerations

  • Price Per Sq. Ft.: $329.87

Disclosures and Reports

  • Property ID: 142S25000000200000

Listed by ERA American Real Estate

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Listing agent

— 1491 W Hwy 98 —

  • ERA American Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1491 W Hwy 98

School District:Okaloosa County School District
NameGradesDistance
Florosa Elementary School
1700 U.S. 98, Mary Esther, FL 32569
PK-50.5 mi
Max Bruner Junior Middle School
322 Holmes Boulevard Northwest, Fort Walton Beach, FL 32548
6-85.2 mi
Fort Walton Beach High School
400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548
9-124.9 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 1491 W Hwy 98 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/10/2026
Listed
$985,000
251.79%
MLS
10/04/2002
Sold
$280,000
—
Public Record
Get Price Alerts and Save Property
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 for 1491 W Hwy 98

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,083
2%
$403,212
3%
2024
$3,989
2%
$391,848
3%
2023
$3,926
4%
$380,435
6%
2021
$3,763
—
$358,596
-3%
2022
$3,769
—
$369,354
4%
2021
$3,763
2%
$353,645
2%
2019
$3,679
5%
$346,944
2%
2018
$3,507
—
$340,475
2%
2017
$3,496
3%
$333,472
2%
2016
$3,402
-2%
$326,613
1%
2015
$3,487
-1%
$324,343
1%
2014
$3,506
2%
$321,885
1%
2013
$3,453
—
$317,550
—
View All
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 for 1491 W Hwy 98

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by ERA American Real Estate

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1491 W Highway 98, Mary Esther, FL 32569 (MLS# 684123) is a Single Family property with 4 bedrooms and 3 full bathrooms. 1491 W Highway 98 is currently listed for $985,000 and was received on June 10, 2026. Want to learn more about 1491 W Highway 98? Do you have questions about finding other Single Family real estate for sale in Mary Esther? You can browse all Mary Esther real estate or contact a Coldwell Banker agent to request more information.

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