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Zalagaonica

One of the most popular communities provided by Bobs agency

Zalagaonica

About Zalagaonica

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One of the most popular communities provided by Bobs agency
851
# of Listings
2
Avg # of Bedrooms
$447
Avg. $ / Sq.Ft.
$693,700
Med. List Price

Browse Zalagaonica Real Estate Listings

All listings

Under $250,000

$250,000 - $500,000

$500,000 - $1M

$1M - $3M

$3M - $5M

Over $5M

6 Properties Found. Page 1 of 1.

Mar-a-Sol presents a once-in-a-market opportunity to acquire an irreplaceable Gulf-front site on Okaloosa Island, positioned just steps from the shoreline. Assets with this level of beach proximity are virtually nonexistent on the Emerald Coast and increasingly rare across Florida's entire Gulf Coast, making this offering exceptionally difficult to replicate. The property currently consists of 69 units across two buildings and is 100% occupied, with the majority operating as long-term rentals, providing immediate, stable in-place income. The asset has benefited from thoughtful interior and exterior upgrades, allowing a buyer to maintain current operations while evaluating strategic alternatives. Substantial upside exists through conversion to short-term rentals, with projected performance indicating the potential to approximately double the existing capitalization rate. For developers seeking higher and better use, plans are already in place for a seven-story luxury condominium tower, offering a rare opportunity to replace the existing structures and capitalize on elevated Gulf views and direct beach access. The scarcity of comparable opportunities cannot be overstated. Beachfront sites this close to the Gulf are effectively irreplaceable, not only on Okaloosa Island but throughout much of the Emerald Coast and the broader Gulf side of Florida, where zoning, environmental constraints, and land availability severely limit new development. Whether held as a stabilized income-producing asset, repositioned for enhanced rental performance, or fully redeveloped into a premier luxury beachfront project, Mar-a-Sol offers multiple executable paths to value creation in one of Florida's most constrained coastal markets.
#954584

Fort Walton Beach

480 Santa Rosa Boulevard

None Beds

None Baths

N/A

$35,000,000

MLS#: 954584

Amazing!!!!
#1000847

Fort Walton Beach

10 SW Hollywood Boulevard

2 Beds

2 Baths

7,500 Sq.Ft.

$10,000,000

MLS#: 1000847

Extraordinarily rare legacy waterfront assemblage favorably zoned ''MX-2 Mixed-Use'' (pursuant to City of Fort Walton Beach land development code) for high density redevelopment to achieve economies of scale involving a plausible host of viable development scenarios. Its prime ±248 fronting footage on the scenic Sound of Ft. Walton Beach, Florida, as well as ±248' along Miracle Strip Parkway, is within ±½ mile from the spectacular Brooks Bridge (under development and construction), as well as a pedestrian friendly, short walk to the historic downtown district of Fort Walton Beach, Florida. The combined total waterfront acreage is ±2.47, while the dimension of the two contiguous, combined parcels is as follows: 248' x 230' x 248' x 218'. The assemblage is offered as-is, where-is, with no attributable value to the current structures onsite. Buyer must verify zoning, potential development entitlements, riparian rights (dock / "marina") through the City of Ft. Walton Beach, Okaloosa County, and including but not limited to the Corp. of Engineers, and the FDEP. Access to the property is strictly prohibited unless properly scheduled with advance notice through the listing agent(s). Please inquire for additional information. "MX-2 Mixed High Use" was defined as follows: MX-2  Mixed-use (High Intensity) Zoning District. The mixed-use zoning district is established to provide for a wide variety of land uses, including multifamily structures, commercial and office uses, artisan studios, and cottage industries. Accessory uses for residential developments include onsite amenities, such as recreation facilities, carports, garages, storage buildings, parking lots, transit stops, and community buildings. Accessory uses for nonresidential developments include such onsite amenities as parking lots, parking structures, storage buildings, or transit stops. Open space in the form of plazas and courtyards may be provided. Waterfront locations may include accessory uses such as docks, boardwalks, or facilities for direct water access to support water-dependent uses. Uses within the MX-2 zoning district may be mixed within one (1) parcel or lot and may be mixed within one (1) building. The maximum density is thirty (30.0) dwelling units per acre. Bonus provisions may be authorized to allow a maximum density up to forty-five (45.0) dwelling units per acre. The maximum floor area ratio for nonresidential development is two (2.0) FAR. Bonus provisions may be authorized to allow a maximum floor area ratio of three (3.0) FAR.
#982793

Fort Walton Beach

54 SE Miracle Strip Parkway

None Beds

None Baths

2.47 acres

$7,950,000

MLS#: 982793

25 units for sale in 6 buildings. The units are leased and range in size from 570 sq. ft. to 5611 sq. ft. Sellers will consider financing with 30 year amortization and a 5 year balloon.
#984116

Fort Walton Beach

348 Miracle Strip Parkway

None Beds

None Baths

N/A

$6,140,000

MLS#: 984116

This is not simply a waterfront home -- it is one of the most significant private estates ever offered in Fort Walton Beach. Positioned on an extraordinary .65-acre corner lot with 137 feet of pristine waterfront, spanning 7,900-square-foot coastal estate delivers a level of scale, privacy, and architectural presence that is rarely seen--and nearly impossible to replicate along the Emerald Coast. From the moment you enter, panoramic water views command every space, creating a seamless connection between refined interior living and resort-style outdoor experiences. The primary suite is a true retreat, featuring a private fireplace, automated shades that reveal the sunrise over the water, and a spa-caliber bathroom complete with an oversized soaking tub, expansive rain shower with dual glass entry, separate vanities, and custom his-and-hers walk-in closets--all anchored by statement designer finishes. At the heart of the home, the chef's kitchen is both functional and striking, showcasing quartz surfaces, custom gold accents, and dramatic architectural beams, flowing effortlessly into multiple entertaining spaces, including a private bar lounge, wine storage, and an oversized pantry designed for elevated hosting. A separate carriage house with its own private balcony overlooking the water provides exceptional flexibility for guests, multigenerational living, or a private executive retreat. Outdoors, the property transforms into a private waterfront resort: A heated saltwater pool and infinity-edge spa overlook the water, while expansive terraces, a firepit lounge, and outdoor media space create an unmatched setting for both intimate evenings and large-scale entertaining. The marina-grade dock, complete with two private boat lifts, offers direct access to Crab Island and the Gulf, delivering the lifestyle that defines true coastal luxury. Additional features include a fitness suite with sauna readiness, full smart-home automation, and a supercar- and RV-capable garage, ensuring the estate performs as seamlessly as it presents. This property is not just rare--it represents a new benchmark for luxury in Fort Walton Beach. For buyers who understand the value of waterfront frontage, acreage, privacy, and irreplaceable location, opportunities like this do not come twice.
#1000806

Fort Walton Beach

215 SE Hood Avenue

5 Beds

4 Baths

5,447 Sq.Ft.

$5,500,000

MLS#: 1000806

Discover an unparalleled waterfront property offering endless possibilities for development. This rare gem consists of three adjacent parcels spanning over 400 feet of pristine water frontage, creating an exceptional opportunity for investors, developers, or visionary buyers. Situated on 5 acres of prime land, this property boasts tremendous potential for commercial use or rezoning for residential development. Whether you envision a luxury waterfront community, an exclusive private estate, or a thriving commercial venture, this location provides the perfect canvas to bring your vision to life. Adding to its appeal, this property has already been approved for condominium development, presenting a seamless opportunity for those looking to capitalize on a high-demand market.
#971863

Mary Esther

757 E Miracle Strip Parkway Parkway

None Beds

None Baths

5.03 acres

$5,000,000

MLS#: 971863

Buyers resources
7 Reasons to Work with a Realtor
7 Principles For Home Buying Success
Getting a Mortgage To Buy a Home
Home Hazards Awareness
Key Items For Home Inspection
Questions When Buying a Condo
Questions When Choosing a Realtor
Sellers resources
8 reasons to work with a realtor
Calculating Capital Gains
Checklist for Better Showing
Cleaning Home For Sale
Improving Odds Of an Offer
Preparing Home for photoshoot
Selling Your Home for More $$

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