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$2,900,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 4 Full Baths
  • 5,269 Sq. Ft.
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Tucked away on 2.75 acres along the Santa Rosa Sound, this stately waterfront estate offers an extraordinary combination of privacy, deep water access and breathtaking views of the barrier islands and the gulf. A 600-foot oak-lined driveway leads to this impressive 5,120-square-foot Old Chicago brick home, where timeless elegance meets the beauty of the Intracoastal Waterway. With 150 feet of private sandy beach and deep water frontage, this property provides unparalleled access to the water. Whether launching a kayak, paddleboard or jet ski right from your backyard or simply enjoying the serenity of the water from the verandas, this is a retreat like no other. Inside, architectural details abound. Crystal chandeliers, imported mahogany millwork, and soaring 25-ft. ceilings frame a home built for both grandeur and comfort. A wall of windows in the main living area captures stunning water views, while three fireplaces add warmth and charm. The primary suite is a private sanctuary, complete with a fireplace, balcony and an opulent dressing area. A library with a wet bar offers a quiet escape, and the kitchen is equipped with designer Sub-Zero and Thermador appliances, including warming and refrigeration drawers. Outdoor living is equally remarkable with covered porches, open patios and a separate artist studio, all set against the backdrop of sweeping waterfront vistas. The gated entrance and long paver driveway enhance the estate's exclusivity. For those seeking a private deepwater retreat, this property offers an unparalleled lifestyle. Alternatively, its expansive acreage presents an exceptional development opportunity, with potential for multiple waterfront homesites and additional residences with water access. Whether as a grand estate or an exclusive residential enclave, this Mary Esther property is a rare and remarkable find.

Full Property Details for 721 W Miracle Strip Parkway W

General

  • Price: $2,900,000
  • Status: Active
  • Type: Single Family
  • Source: Emerald_Coast
  • MLS ID: 971043
  • Updated: 11/13/2025
  • Added to Site: 311 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Dining Area, Family Room, Kitchen, Living Room, Master Bedroom
  • Interior Features: Built-In Bookcases, Ceiling Cathedral, Ceiling Crwn Molding, Ceiling Raised, Ceiling Tray/Cofferd, Fireplace 2+, Fireplace Gas, Floor Hardwood, Guest Quarters, Kitchen Island, Lock Out, Pantry, Wallpaper, Walls Mirrored, Walls Paneled, Washer/Dryer Hookup, Wet Bar, Window Bay, Woodwork Stained
  • Appliances: Auto Garage Door Opn, Central Vacuum, Dishwasher, Disposal, Fire Alarm/Sprinkler, Freezer, Ice Machine, Microwave, Oven Double, Range Hood, Refrigerator, Refrigerator W/IceMk, Security System, Stove/Oven Gas, Wine Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Living Room: Living Room
  • Family Room: Family Room
  • Kitchen: Kitchen

Additional Information

  • Shared Amenities: BBQ Pit/Grill, Beach, Dock, Fishing, Short Term Rental - Allowed, TV Cable, Waterfront

Exterior

  • Exterior Features: Balcony, BBQ Pit/Grill, Dock, Fenced Lot-Part, Fireplace, Porch, Porch Open, Separate Living Area, Workshop

Parking

  • Garage: Yes
  • Parking: Boat, Garage Attached, Golf Cart Covered, Guest, Oversized, RV

Location

  • Area: 12 - Fort Walton Beach
  • County: Okaloosa
  • Subdivision: Gulfview S/D To Mary Esther
  • Driving Directions: East of Hurlburt; South of Miracle Strip Parkway. 4th driveway

School Information

  • Elementary School: Mary Esther
  • Middle School: Bruner
  • High School: Fort Walton Beach

Heating & Cooling

  • Heating/Cooling: AC - Central Elect, Heat Cntrl Gas, Water Heater - Elect

Utilities

  • Utility Description: Community Water, Electric, Gas - Natural, Public Water, Septic Tank, Sewer Available, TV Cable

Structural Information

  • Architectural Style: Traditional
  • Construction: Brick
  • Stories/Levels: 2
  • Square Feet: 5,269
  • Sq. Ft. Source: Appraiser
  • Year Built: 1979

Lot Features

  • Property View: Gulf, Intracoastal Waterwy, Sound
  • Lot Size (Acres): 2.79
  • Lot Dimensions: 150 x 810
  • Street/Road Desc.: Paved Road, Private Road
  • Lot Features: Bulkhead/Seawall, Wooded
  • Zoning: Resid Single Family

Water Features

  • Water Front Type: Intracoastal Wtrwy, Sound

Disclosures and Reports

  • Legal Description: GULFVIEW SD Lots 29 and 30
  • APN: 17-2S-24-1100-000B-0280

Listed by Scenic Sotheby's International Realty and World Impact Real Estate

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Listing agents

— 721 W Miracle Strip Parkway W —

  • Scenic Sotheby's International Realty

  • World Impact Real Estate

suzy@scenicsir.com

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 721 W Miracle Strip Parkway W

School District:Okaloosa County School District
NameGradesDistance
Mary Esther Elementary School
320 East Miracle Strip Parkway, Mary Esther, FL 32569
PK-51.3 mi
Max Bruner Junior Middle School
322 Holmes Boulevard Northwest, Fort Walton Beach, FL 32548
6-82.8 mi
Fort Walton Beach High School
400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548
9-122.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 721 W Miracle Strip Parkway W Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/05/2025
Price Reduced
$2,900,000
-3.33%
MLS
6/16/2025
Price Reduced
$3,000,000
-12.41%
MLS
6/02/2025
Price Reduced
$3,425,000
-1.44%
MLS
3/13/2025
Listed
$3,475,000
—
MLS
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 721 W Miracle Strip Parkway W

Year
Property Taxes
Change
Tax Assessment
Change
2025
$28,122
6%
$1,972,862
6%
2024
$26,434
73%
$1,853,986
68%
2023
$15,265
3%
$1,103,708
6%
2021
$14,835
-1%
$1,040,350
-3%
2022
$14,913
1%
$1,071,561
4%
2021
$14,835
2%
$1,025,986
2%
2019
$14,540
6%
$1,002,919
2%
2018
$13,668
1%
$984,219
2%
2017
$13,590
5%
$963,976
2%
2016
$12,925
1%
$944,149
1%
2015
$12,828
7%
$937,586
2%
2013
$12,028
—
$916,399
—
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 721 W Miracle Strip Parkway W

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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 Scenic Sotheby's International Realty and World Impact Real Estate

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721 W Miracle Strip Parkway W, Mary Esther, FL 32569 (MLS# 971043) is a Single Family property with 3 bedrooms and 4 full bathrooms. 721 W Miracle Strip Parkway W is currently listed for $2,900,000 and was received on March 13, 2025. Want to learn more about 721 W Miracle Strip Parkway W? 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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