Price Reduction - Waterfront

Address

1491 W Highway 98, Mary Esther, FL

Listing Type

Active

Price

$ 980,000

Property Attributes

MLS#684123
TypeSingle Family
Listing Status Active
CountyOkaloosa
CityMary Esther
AreaOkaloosa
NeighborhoodNone
Zip32569
StyleTraditional
Year Built1981
Price$ 980,000
Bedrooms4
Full Bathrooms3
Half Bathrooms0
Sqr Footage2986
Lot Size0.44 Acres

Data Source:

Pensacola Association of REALTORS® (PARMLS)

Property Description

Rare opportunities like this don't come along often. Situated on 115 feet of waterfront along the Santa Rosa Sound, this one-of-a-kind property offers the perfect blend of luxury waterfront living, investment potential, & unmatched flexibility. Wake up to breathtaking sunrises, unwind with spectacular sunsets, & spend your days enjoying your private dock with spacious sundeck—ideal for boating, fishing, paddleboarding, or simply taking in the view. Looking for a home that works for you? This property features a 1,200 sq. ft. private apartment above the garage with its own entrance, balcony, washer/dryer, HVAC, water heater, & security system, making it an incredible opportunity for rental income, multigenerational living, a guest retreat, or extended stays. Inside the main home, you'll find water views throughout, a charming bay-window breakfast nook, tile flooring throughout (no carpet), & extensive updates including a full remodel, newer roof, HVAC, plumbing, & appliances for added peace of mind. Need even more flexibility? The 400 sq. ft. office with a separate entrance offers endless possibilities as a home business, studio, private workspace, guest suite, or potential additional bedroom. Additional features include a concrete safe room, workshop, hurricane shutters, circular driveway, & abundant storage throughout the home & apartment. Whether you're searching for a waterfront retreat, investment property, income-producing home, vacation getaway, multigenerational residence, or a place to enjoy the Florida lifestyle while offsetting your mortgage, this exceptional property checks every box. Live on the water. Generate income. Create lasting memories. This isn't just a home—it's an opportunity.

Elementary School	Middle School	High School
Local School In County Elementary School	LOCAL SCHOOL IN COUNTY Middle School	Local School In County High School

Price History
6/10/2026	Listed $985,000
8/24/2026	1$980,000

General Features

Living Area	2986
Sewer	Public Sewer
Heating	Multi Units
Cooling	Multi Units,Ceiling Fan(s)
Possession	Close Of Escrow
Roof	Shingle
Appliances	Water Heater,Electric Water Heater,Built In Microwave,Dishwasher,Refrigerator,Self Cleaning Oven
Garage Spaces	2
Patio/Porch Features	Covered
Architectural Style	Traditional
Pool Features	None
Security Features	Security System
Construction Materials	Frame
Year Built	1981
Electric	Copper Wiring
View	Sound
Stories Count	2
Levels	Two
Property Subtype	Single Family Residence
Waterfront Features	Intracoastal Waterway,Sound,Waterfront,Beach Access
Assoc Fee Paid Per	Annually
County	Okaloosa
New Construction	false
Property Type	Residential
HOA	false
Subdivision Name	None
Garage Y/N	true
Other Structures	Guest House
Full Baths	3
Status	Active
Directions	From Eglin Parkway, go west on Highway 98, to a U-turn at Calypso St. House is on the right.
High School	Local School In County
City	Mary Esther
Zoning Description	Mixed Residential Subdiv
Lot Size Units	Acres
Lot Size Square Feet	19166.4
Carport Y/N	false
Elementary School	Local School In County
Property Attached Y/N	false
Showing Instructions	Appoint Only,See Agent Notes,Text Listing Agent
Middle/Junior High School	LOCAL SCHOOL IN COUNTY
Property Condition	Resale
Lease Considered Y/N	false
Listing Agent Name	Michelle Whitaker
Building Area Units	Square Feet
Primary Bedroom Level	First
Living Area Units	Square Feet
Standard Status	Active
First Bedroom Level	First

Interior Features

Interior Amenities	Ceiling Fan(s),Attached Self Contained Living Area,Office/Study
Flooring	Tile,Vinyl
Fireplace Features	Electric
Kitchen Level	First
Air Conditioning Y/N	true
Heating Y/N	true
Window Features	Double Pane Windows,Shutters
Fireplace Y/N	true
Laundry Features	Inside,W/D Hookups
Total Bedrooms	4
Living Room Level	First
Kitchen Features	Not Updated,Pantry,Tile Counters
Total Baths	3
Dining Room Features	Eat-in Kitchen,Formal Dining Room
Kitchen Area	126
Kitchen Length	14
Kitchen Width	9
Dining Room Area	14
Dining Room Width	15
Living Room Area	252
Living Room Length	14
Living Room Width	18
Primary Bedroom Area	176
Primary Bedroom Length	16
Primary Bedroom Width	11
Dining Room Level	First
Dining Room Area	210

Exterior Features

Exterior Amenities	Lawn Pump,Dock
Parking Features	2 Car Garage,Circular Driveway,Garage Door Opener
Total Parking	2
Lot Size Area	0.44
Foundation Details	Slab
Building Area Total	2986
Lot Size Acres	0.44
Road Surface Type	Paved
Waterfront Y/N	true
Covered Spaces	2
Road Responsibility	County Maintained Road
Horse Y/N	false