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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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553 Cove Dr , Fort Walton Beach, FL 32547
$1,500,000
Est. Payment: $8,287.28/mo
4 Bed
5 Bath
2577 Sqft
0.62 Acres
Status: Active | Days on site: 30
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Harrison Lilly Team
Owner/Operator

House Description

The Waterfront Life- Fort Walton Beach presents an exceptional 4-bedroom, 4.5-bath estate, privately positioned on nearly ¾ of an acre at the end of a quiet dead-end street. From the moment you arrive, the grand circular drive and expansive covered front porch set the tone for this remarkable property. Inside, a sophisticated open-concept, split-bedroom design is framed by breathtaking bayou views, with the primary suite and main living spaces thoughtfully positioned to capture the water and spectacular sunsets. The gourmet kitchen was beautifully remodeled in 2024 and features a generous breakfast bar designed for effortless entertaining, complemented by a spacious eat-in area. The luxurious primary bath has also been recently updated, creating a serene private retreat. Outside, an extraordinary waterfront lifestyle awaits. The resort-style saltwater pool is surrounded by an expansive paver deck and complemented by an outdoor cabana and pool house featuring a private gathering room and full bath--perfect for entertaining well into the evening. Boating enthusiasts will appreciate the impressive private dock, designed to accommodate up to three boats and a jet ski, complete with both a boat lift and jet ski lift, as well as a private boat launch and beach. A screened porch extends the entire length of the home, creating an exceptional outdoor living space where you can relax, entertain, and take in panoramic bayou views and stunning sunsets. Additional amenities include an oversized garage with dedicated HVAC, a full bath, and an indoor workshop, offering an exceptional combination of functionality and luxury. Every detail of this waterfront retreat has been designed to embrace the beauty of its setting while providing an unparalleled lifestyle of privacy, comfort, and effortless entertaining. This is more than a home--it is a private waterfront sanctuary where resort-style amenities, exceptional craftsmanship, and breathtaking natural beauty come together. New seawall 2025

Highlights

Listed by Teresa K Pattison , 850-685-5963 Coldwell Banker Realty , 850-863-4563. Emerald Coast Multiple Listing Services

Property Type

Residential

Lot/Acreage
0.62

Year Built

2005

County

Okaloosa

Area

12 - Fort Walton Beach

Neighborhood

Bella Vista

Listing ID

1010610

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:4
  • ▪ 1/2 Bathrooms:1
Appliances:Auto Garage Door Opn, Central Vacuum, Dishwasher, Disposal, Dryer, Freezer, Microwave, Refrigerator, Refrigerator W/IceMk, Security System, Stove/Oven Gas, Washer, Water Heater - Gas
Air Cond:Ceiling Fans,Central Air
Fireplaces:
Floor:Floor Hardwood,Floor Tile
Other:
  • ▪ Additional:Breakfast Bar, Ceiling Cathedral, Fireplace, Kitchen Island, Lighting Recessed, Pantry, Split Bedroom, Walls Wainscoting, Washer/Dryer Hookup, Woodwork Painted

Exterior Features

Lot:Bulkhead/Seawall,Curb & Gutter,Dead End,Interior,Bayou
Lot Dimensions:104x289x100x244
Zoning:Resid Single Family
Others:
  • ▪ Additional:Rain Gutter, Boatlift, Dock, Fenced Back Yard, Hurricane Shutters, Lawn Pump, Pool - Gunite Concrt, Sprinkler System, Deck Open, Patio Open, Porch Screened
Sewer:Public Sewer
Parking Features:Garage,Boat,Oversized
Principal Interest
$8,287
Taxes
$865

Home Price

$1,500,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$300,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,287.28

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,287.28 $864.50 $0.00 $9,151.79
Yearly $99,447.41 $10,374.05 $0.00 $109,821.46
Total $2,983,422.22 $311,221.50 $0.00 $3,294,643.72

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Fort Walton Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T06:31:40.000Z

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