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Harrison Lilly Team

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

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521 Dorado Ave , Fort Walton Beach, FL 32548
$1,150,000
Est. Payment: $6,353.58/mo
3 Bed
4 Bath
2284 Sqft
0.24 Acres
Status: Pending | Days on site: 15
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ECBU - E9117,E35575
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Harrison Lilly Team
Owner/Operator

House Description

A true architectural treasure on Okaloosa Island, this striking mid-century modern residence was designed to stand apart--and decades later, it remains every bit as distinctive. Perched high above the shoreline with 122 feet of waterfront along the breathtaking Santa Rosa Sound and Intracoastal Waterway, this 2,284-square-foot, 3-bedroom, 3.5-bath home pairs iconic design with panoramic water views and an exceptional coastal lifestyle. Once featured in Southern Living Magazine, the home was undeniably ahead of its time and remains a rare piece of Okaloosa Island architectural history. The experience begins before you ever step inside. A sweeping canopy of mature ligustrum creates a private, almost enchanted approach, forming a lush natural passage to the home. As you arrive, a distinctive breeze block wall--a hallmark of mid-century design--offers the first glimpse of the architectural character that awaits. Together with the custom, one-of-a-kind front door, these details create an entrance that feels both private and unmistakably original. Step inside and the home's architecture immediately takes center stage, as sweeping views of the Sound draw your eye through the living spaces and toward the water beyond. Inside, original mid-century character blends effortlessly with contemporary sophistication. Soaring ceilings, an open-concept living, dining, and kitchen area, and dramatic floor-to-ceiling windows create an extraordinary sense of volume, light, and connection to the outdoors. Walls of glass transform the ever-changing beauty of the Sound into living art, while built-in shelving surrounding a striking black granite fireplace provides a dramatic focal point and the perfect backdrop for art, books, and collected treasures. Thoughtfully designed for both privacy and entertaining, each of the home's three bedrooms features its own private bath, while an additional powder room is conveniently positioned just off the main living area. The home's connection to the water continues outdoors, where an expansive paver patio sits high above the shoreline, creating a spectacular setting for entertaining, dining alfresco, or simply watching boats glide along the Intracoastal. With 122 feet of waterfront, the property offers abundant space to embrace life on the Sound, from quiet mornings by the water to unforgettable evenings beneath the coastal sky. A private dock places the best of the Emerald Coast within easy reach. Spend the day boating, fishing, paddleboarding, or cruising to Crab Island and Destin, then return home to the privacy and serenity of your own waterfront retreat. Architecturally significant, effortlessly sophisticated, and unmistakably one of a kind, this is far more than a waterfront home--it is a piece of Okaloosa Island history. Properties with this combination of design, elevation, waterfrontage, and character are rarely offered. This is a home that simply must be experienced in person to be fully appreciated.

Highlights

Listed by Jennifer Purdy , Coldwell Banker Realty , 850-863-4563. Emerald Coast Multiple Listing Services

Property Type

Residential

Lot/Acreage
0.24

Year Built

1968

County

Okaloosa

Area

12 - Fort Walton Beach

Neighborhood

Santa Rosa Island

Listing ID

1012145

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:3
  • ▪ 1/2 Bathrooms:1
Appliances:Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Refrigerator W/IceMk, Smooth Stovetop Rnge, Water Heater - Elect
Air Cond:Ceiling Fans,Central Air
Fireplaces:Fireplace Gas
Floor:Floor Tile,Floor WW Carpet
Other:
  • ▪ Additional:Built-In Bookcases, Ceiling Cathedral, Ceiling Raised, Fireplace, Kitchen Island, Lighting Recessed, Newly Painted, Pantry, Split Bedroom, Walls Mirrored, Washer/Dryer Hookup

Exterior Features

Lot:Aerials/Topo Availbl,Bulkhead/Seawall,Interior,Within 1/2 Mile to Water,Intracoastal Wtrwy,Bay,Shore - Seawall,Sound
Lot Dimensions:59 x 155 x 122 x 155
Zoning:Resid Single Family
Others:
  • ▪ Additional:Dock, Lawn Pump, Sprinkler System, Deck Open, Patio Open, Porch, Porch Open, Fenced Lot-Part
Sewer:Public Sewer
Parking Features:Boat,Carport,Carport Attached,Covered,Golf Cart Covered,Golf Cart Open,Guest,See Remarks
Principal Interest
$6,354
Taxes
$387

Home Price

$1,150,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$230,000
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Monthly Price:
$6,353.58

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,353.58 $386.64 $0.00 $6,740.23
Yearly $76,243.01 $4,639.72 $0.00 $80,882.73
Total $2,287,290.37 $139,191.60 $0.00 $2,426,481.97

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: 2026-10-07T04:14:31.000Z

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