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$2,900,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 4 Full Baths
  • 5,769 Sq. Ft.
  • Updated 9 days ago
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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 Pkwy

General

  • Price: $2,900,000
  • Status: Active
  • Type: Single Family
  • Source: Pensacola
  • MLS ID: 661060
  • Updated: 1/8/2026
  • Added to Site: 305 day(s) ago

Interior

  • Interior Features: Chair Rail, Crown Molding, High Ceilings, High Speed Internet, Recessed Lighting, Wet Bar, Central Vacuum, Bonus Room, Game Room, Media Room, Office/Study, Wine Storage Room
  • Fireplace: Yes
  • Fireplace(s): Two or More, Master Bedroom
  • Appliances: Water Heater, Wine Cooler, Built In Microwave, Dishwasher, Disposal, Double Oven, Microwave, Refrigerator, ENERGY STAR Qualified Dishwasher
  • Flooring: Hardwood, Marble, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Primary Bathroom: Double Vanity, Dress Area, Soaking Tub, Jetted Tub, Separate Shower, Solid Surface Countertops, Water Closet, Walk-In Closet(s)

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: High Ceilings, Sitting Area, Walk-In Closet(s)
  • Bedroom 1: 12 x 18, First Level, 216 Sq. Ft.
  • Bedroom 2: 14 x 15, Second Level, 210 Sq. Ft.

Other Rooms

  • Living Room: 23 x 19, First Level, 437 Sq. Ft.
  • Kitchen: Updated, Granite Counters, Kitchen Island, Pantry, Stone Counters, 14 x 16, First Level, 224 Sq. Ft.
  • Dining Room: Breakfast Room/Nook, Formal Dining Room, 14 x 16, First Level, 224 Sq. Ft.
  • Laundry: Inside, W/D Hookups

Additional Information

  • Shared Amenities: Beach, Dock
  • Spa: Yes

Exterior

  • Exterior Features: Balcony, Barbecue
  • Deck/Patio: Patio, Porch

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Total Spaces: 10
  • Parking Features: 3 Car Garage, Boat, Circular Driveway, Guest, Courtyard Entrance, Garage Door Opener

Location

  • County: Okaloosa
  • Subdivision: Gulfview
  • Driving Directions: East of Hurlburt; South of Miracle Strip Pkwy;

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, ENERGY STAR Qualified Equipment
  • Heating Type: Multi Units

Utilities

  • Sewer: No Water/Sewer
  • Water: No Water/Sewer

Structural Information

  • Architectural Style: Traditional
  • Construction: Brick
  • Roof: Shingle
  • Stories/Levels: 2
  • Square Feet: 5,769
  • Year Built: 1979
  • Property Condition: Resale

Lot Features

  • Property View: Gulf, Sound, Water
  • Lot Size (Acres): 2.79
  • Lot Dimensions: 150 x 810
  • Street/Road Desc.: Paved
  • Road Maintenance: Private Maintained Road
  • Lot Features: Central Access
  • Zoning: Res Single
  • Fencing (Description): Full

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Intracoastal Waterway, Sound, Waterfront, Beach Access, Block/Seawall, Pier
  • Beach Front: Yes

Financial Considerations

  • Price Per Sq. Ft.: $550.39

Disclosures and Reports

  • Property ID: 172S241100000B0280

Listed by Scenic Sotheby's International Realty

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— 721 W Miracle Strip Pkwy —

  • Scenic Sotheby's International Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 721 W Miracle Strip Pkwy

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 Pkwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/08/2026
Price Reduced
$2,900,000
-3.33%
MLS
6/23/2025
Price Reduced
$3,000,000
-12.41%
MLS
6/02/2025
Price Reduced
$3,425,000
-1.44%
MLS
3/19/2025
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 Pkwy

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.

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

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Listed by Scenic Sotheby's International Realty

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721 W Miracle Strip Pkwy, Mary Esther, FL 32569 (MLS# 661060) is a Single Family property with 3 bedrooms and 4 full bathrooms. 721 W Miracle Strip Pkwy is currently listed for $2,900,000 and was received on March 19, 2025. Want to learn more about 721 W Miracle Strip Pkwy? 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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