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Harrison Lilly

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

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407 Cobia Ave , Fort Walton Beach, FL 32548
$437,000
Est. Payment: $2,216.38/mo
2 Bed
1 Bath
980 Sqft
Status: pending | Days on site: 53
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

Multiple Offers. Highest and Best due by12pm on 07/25/26. Welcome to your coastal retreat on beautiful Okaloosa Island. Ideally located just 150 yards from the sugar-white sands and emerald waters of the Gulf, this beautifully renovated beachside home offers the perfect blend of coastal living, modern comfort, and investment potential. Enjoy easy access to Downtown Fort Walton Beach, Destin, waterfront dining, shopping, entertainment, boating, and some of the Emerald Coast's most sought-after beaches. Inside, you'll find a bright and inviting open-concept floor plan designed for effortless living and entertaining. Thoughtfully updated throughout, the home features oversized tile flooring, recessed lighting, custom plantation shutters, quartzite and luxury stylish finishes that create a fresh, relaxed atmosphere. The updated kitchen serves as the heart of the home, showcasing stainless steel appliances, sleek cabinetry, a classic subway tile backsplash, and an oversized island perfect for gathering with family and friends after a day at the beach. Spacious living areas provide plenty of room to relax and entertain, while the well-appointed bedrooms offer comfortable retreats filled with natural light. Every detail has been carefully considered to create a move-in-ready coastal escape. Step outside and embrace the island lifestyle. Spend your days walking to the beach, paddleboarding, fishing, boating, dining at local seafood restaurants, or simply enjoying breathtaking Gulf Coast sunsets. The generous lot provides abundant space for outdoor entertaining, future landscaping enhancements, additional parking, or boat and RV storage. With two bedrooms and exceptional versatility, this property is ideal as a primary residence, second home, or income-producing long-term rental. Its prime location near the beach, combined with extensive renovations and flexible outdoor space, creates lasting value and broad appeal. Opportunities to own this close to the beach are increasingly rare. Experience the charm, convenience, and relaxed coastal lifestyle that make Okaloosa Island one of Northwest Florida's most desirable destinations. Please note: Short-term rentals are not permitted.

Highlights

Listed by Crystal L Watkins , 850-855-6885 Compass , 850-296-9769. Emerald Coast Multiple Listing Services

Property Type

Residential

Lot/Acreage
0.28

Year Built

1956

County

Okaloosa

Area

12 - Fort Walton Beach

Neighborhood

Okaloosa Island

Listing ID

1003692

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:1
  • Full Bathrooms:1
Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Stove/Oven Gas, Washer
Air Cond:Central Air
Fireplaces:
Other:
  • Additional:Kitchen Island, Lighting Recessed, Newly Painted, Washer/Dryer Hookup, Woodwork Painted

Exterior Features

Lot Dimensions:75X150
Zoning:Resid Single Family
Sewer:Public Sewer
Principal Interest
$2,216
Taxes
$259

Home Price

$437,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$87,400
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:
$2,216.38

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,216.38 $258.61 $0.00 $2,475.00
Yearly $26,596.58 $3,103.37 $0.00 $29,699.95
Total $797,897.36 $93,101.10 $0.00 $890,998.46

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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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: 2026-08-20T06:32:47.000Z

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