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Harrison Lilly Team

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

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1491 W Highway 98 , Mary Esther, FL 32569
$980,000
Est. Payment: $5,414.36/mo
4 Bed
3 Bath
2986 Sqft
0.44 Acres
Status: Active | Days on site: 242
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Harrison Lilly Team
Owner/Operator

House Description

Rare **Santa Rosa Sound waterfront opportunity** with **115 feet of waterfront**, a private dock with sundeck, and a **separate 1,200 sq. ft. apartment above the garage** offering outstanding flexibility for rental income, extended family, guests, or multigenerational living. Whether you're searching for a primary residence, second home, waterfront retreat, or investment property, this home offers options that are hard to find. The main residence features beautiful water views, a bay-window breakfast nook overlooking the Sound, tile flooring throughout, and major updates including a 2021 roof, HVAC, and plumbing, plus a new water heater in 2026. The private apartment has its own entrance, balcony, washer/dryer, HVAC, water heater, and security system, allowing it to function independently from the main home. Additional features include a **400 sq. ft. office with separate entrance**, concrete safe room, workshop, hurricane shutters, circular driveway, and abundant storage. Enjoy boating, fishing, paddleboarding, sunrises, and sunsets from your own waterfront property. Located approximately **1.4 miles from Hurlburt Field**, this property combines waterfront living, income potential, and flexible space in one unique package.

Highlights

Listed by Michelle A Whitaker , 850-855-8551 ERA American Real Estate , 850-651-2454. Emerald Coast Multiple Listing Services

Property Type

Residential

Lot/Acreage
0.44

Year Built

1981

County

Okaloosa

Area

12 - Fort Walton Beach

Neighborhood

Metes & Bounds

Listing ID

992670

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Dishwasher, Microwave, Range Hood, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Water Heater - Elect
Air Cond:Ceiling Fans
Fireplaces:
Floor:Floor Tile
Other:
  • ▪ Additional:Ceiling Vaulted, Fireplace, Guest Quarters, Lighting Recessed, Pantry, Split Bedroom, Washer/Dryer Hookup

Exterior Features

Lot:Bulkhead/Seawall,Flood Insurance Req,Intracoastal Wtrwy,Sound
Lot Dimensions:114.7 x 192.76 x 123 x 149.55
Zoning:Resid Single Family
Others:
  • ▪ Additional:Dock, Hurricane Shutters, Lawn Pump, Sprinkler System, Patio Covered
Sewer:Public Sewer
Parking Features:Oversized
Principal Interest
$5,414
Taxes
$327

Home Price

$980,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$196,000
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:
$5,414.36

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,414.36 $326.67 $0.00 $5,741.03
Yearly $64,972.31 $3,920.02 $0.00 $68,892.33
Total $1,949,169.18 $117,600.60 $0.00 $2,066,769.78

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 (Mary Esther, 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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