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$850,000 Just Listed
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Property Description
Welcome to 511 Fallin Water Drive, a stunning custom-built home nestled in the highly desirable Fallin Waters community of Mary Esther. Offering almost 3000 square feet of thoughtfully designed living space, this 4-bedroom, 3-bath residence combines luxury, comfort, and energy efficiency just moments from the Santa Rosa Sound. Wake up to beautiful water views from the spacious primary suite and enjoy your morning coffee from your private balcony overlooking the tranquil surroundings. The gourmet kitchen is a chef's dream, featuring granite countertops, a center island with gas cooktop and grill, double convection ovens, abundant cabinetry, and generous workspace for entertaining. Designed with both style and functionality in mind, this home boasts a geothermal heating and cooling system, centralized wiring for modern technology needs, a gas fireplace, built-in entertainment center, hardwood and tile flooring, and a versatile fourth bedroom that can easily serve as a home office. The luxurious primary bath offers a whirlpool tub, separate shower, double vanities, and expansive walk-in closets. Step outside to a screened porch overlooking a peaceful nature preserve, surrounded by mature landscaping, flowering plants, and lush gardens. An oversized two-car garage, ample storage, and numerous custom features throughout make this home truly one of a kind. Residents of Fallin Waters enjoy deeded beach access, a community dock, fishing, picnic areas, and easy access to Hurlburt Field, Eglin Air Force Base, shopping, dining, and the world-famous Emerald Coast beaches. Experience the perfect blend of coastal living, modern convenience, and timeless elegance at 511 Fallin Water Drive.
Full Property Details
Full Property Details for 511 Fallin Water Dr
General
- Price: $850,000
- Taxes: $7,470 (2025)
- Status: Active
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 1005876
- Updated: Today (7/3/2026)
- Added to Site: Today
Interior
- Number of Rooms: 8
- Interior Features: Built-In Bookcases, Fireplace, Kitchen Island, Washer/Dryer Hookup
- Appliances: Auto Garage Door Opn, Central Vacuum, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Washer
- Flooring: Floor Tile, Floor WW Carpet New
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Exterior
- Exterior Features: Rain Gutter, Yard Building
- Porch/Patio/Deck: Patio Enclosed
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
Location
- Area: 12 - Fort Walton Beach
- County: Okaloosa
- Subdivision: Fallin Waters
- Driving Directions: Coming from Fort Walton on US 98 make the first left after the fly over at Hurlburt Field
School Information
- Elementary School: Florosa
- Middle School: Bruner
- High School: Fort Walton Beach
Community
- Association: Yes
- Assoc. Fees Include: Land Recreation, Management, Recreational Faclty
Heating & Cooling
- Heating Type: Geothermal
- Heating/Cooling: Geothermal
Utilities
- Sewer: Public Sewer
- Utility Description: Electric, Gas - Natural, Public Water, TV Cable
Structural Information
- Architectural Style: Contemporary
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 2,969
- Sq. Ft. Source: County PA Records
- Year Built: 1999
Lot Features
- Property View: Sound
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405.2
- Lot Dimensions: 80 x 91
- Zoning: Resid Single Family
Financial Considerations
- Assessment Amount: $105
- Tax Amount: $7,470.12
- Tax Year: 2025
Disclosures and Reports
- Legal Description: FALLIN WATERS LOT 6 BLK B
- APN: 14-2S-25-0536-000B-0060
- Property ID: 14-2S-25-0536-000B-0060
Listed by LoKation
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Price & Sales History for 511 Fallin Water Dr
Date
Details
Price
Change
Source
7/03/2026
Listed
$850,000
161.54%
MLS
7/25/2003
Sold
$325,000
—
Public Record
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 511 Fallin Water Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,470
—
$627,519
1%
2024
$7,470
115%
$621,933
90%
2023
$3,468
6%
$327,387
6%
2021
$3,281
—
$308,593
-3%
2022
$3,290
—
$317,851
4%
2021
$3,281
8%
$304,332
2%
2019
$3,033
5%
$297,490
2%
2018
$2,890
—
$291,943
2%
2017
$2,879
3%
$285,938
2%
2016
$2,800
-2%
$280,057
1%
2015
$2,870
—
$278,110
1%
2014
$2,883
2%
$275,903
1%
2013
$2,834
—
$271,826
—
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 511 Fallin Water Dr
511 Fallin Water Drive, Mary Esther, FL 32569 (MLS# 1005876) is a Single Family property with 4 bedrooms and 3 full bathrooms. 511 Fallin Water Drive is currently listed for $850,000 and was received on July 03, 2026. Want to learn more about 511 Fallin Water Drive? 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.

