Fort Walton Beach Homes under $500,000

Fort Walton Beach Homes under $500,000

Welcome to Fort Walton Beach, a picturesque gem nestled in the heart of Okaloosa County, Florida. Known for its stunning white-sand beaches and sparkling emerald waters, this coastal paradise offers a unique blend of relaxation and adventure. With a rich history and a vibrant community, Fort Walton Beach is perfect for families, retirees, and anyone looking to embrace the laid-back Florida lifestyle.

One of the most appealing aspects of Fort Walton Beach is the diverse real estate market, particularly for those seeking homes under $500,000. Whether you're a first-time homebuyer, looking for a vacation retreat, or aiming to invest in a rental property, this charming region has something for everyone. From cozy bungalows to modern townhouses, you’ll find an array of options that fit your budget and lifestyle.

Imagine waking up to the sound of waves crashing and the scent of salt in the air. Homes in this price range often come with desirable features such as spacious backyards, community amenities, and proximity to local attractions. Enjoy easy access to beautiful parks, top-rated schools, and a variety of dining and shopping options, all while being just moments away from the breathtaking Gulf of Mexico.

Fort Walton Beach is not just a place to live; it's a place to thrive. With its friendly atmosphere, abundant recreational activities, and stunning natural beauty, it’s no wonder that so many people are eager to call this coastal haven home. Explore your options today and discover the perfect property that fits your vision of Florida living!

Newest Fort Walton Beach Homes under $500,000

909 Santa Rosa Blvd Unit 265, Fort Walton Beach
$349,900
1 Beds ⋅ 1 Baths ⋅ 1013648 MLS
TOP-FLOOR • FULLY RENOVATED • PROVEN RENTAL PERFORMER! Exceptional turnkey 1BR/1BA condo with gorgeous Gulf views, oversized private balcony and room for 5. Generated over $40K in rental revenue in both 2024 and 2025, plus $36K year-to-date in 2026, with additional reservations scheduled. Extensive upgrades include windows, sliding glass doors, HVAC, water heater, kitchen, flooring, ceilings, interior doors and fixtures. A rare opportunity combining coastal living, personal enjoyment and proven rental income potential!

909 Santa Rosa Blvd Unit 265, Fort Walton Beach
146 Valencia Dr, Fort Walton Beach
$234,900
3 Beds ⋅ 2 Baths ⋅ 1013646 MLS
MOVE-IN READY & BEAUTIFULLY UPDATED! This charming Fort Walton Beach townhome offers stylish upgrades, modern finishes, and an unbeatable location! Recent improvements include a NEW ROOF, NEW HVAC, updated electrical wiring, new windows, gorgeous flooring, fresh interior paint, and beautifully updated bathrooms. The renovated kitchen features new cabinetry, granite countertops, and stainless steel appliances. Step outside to enjoy a covered back porch overlooking a private fenced backyard, perfect for relaxing or entertaining. No HOA. Conveniently located near military bases, beautiful white-sand beaches, shopping, dining, and schools. With all the major updates already completed, this home is ready for its new owner! Schedule your showing today!

146 Valencia Dr, Fort Walton Beach
145 4th Ave Unit E-1, Shalimar
$200,000
2 Beds ⋅ 2 Baths ⋅ 1011722 MLS
COMING SOON in Shalimar! Discover the location, convenience, and easy lifestyle offered by this 2-bedroom, 1.5-bath end-unit townhome. This home puts you close to military bases, recreation, boating, golf, tennis, parks, and the beautiful white-sand beaches of Okaloosa Island. Inside, the townhome features a spacious living and dining area, kitchen with pantry and updated backsplash, convenient attached laundry room, and a half bath on the first floor. Upstairs, both bedrooms offer comfortable living space, with carpet throughout the stairs and second floor. The master bedroom features a walk-in closet and your own updated covered balcony overlooking the community pool, creating a relaxing outdoor retreat. Location is a standout feature, with Eglin Air Force Base approximately 3.5 miles away, while Hurlburt Field, Duke Field, Meigs Park, and the public boat launch are also conveniently nearby. Enjoy easy access to Shalimar Pointe Golf Club and Tennis Club, Shalimar Community Park, the Shalimar/Port Dixie Little League Ball Park, and the stunning beaches of Okaloosa Island. Whether you're looking for a primary residence, a convenient home near Eglin AFB, or a property close to boating and Emerald Coast recreation, this Shalimar townhome deserves a closer look. COMING SOON. Additional photos and property details will be added as they become available. Buyer to verify all information and measurements.

145 4th Ave Unit E-1, Shalimar
924 Tanager Road Ft, Fort Walton Beach
$439,000
3 Beds ⋅ 3 Baths ⋅ 1011876 MLS
LOCATION, CONVENIENCE & NO HOA! Welcome to Tanager Oaks, an established Fort Walton Beach neighborhood offering easy access to Hurlburt Field, Eglin AFB, Fort Walton Beach Medical Center, shopping, dining, and the beautiful beaches of the Emerald Coast. Whether relocating to the area or simply looking for a place to call home, this inviting two-story residence offers the space, comfort, and flexibility to enjoy everyday living. A charming covered entry, mature oak trees, and established landscaping create a welcoming first impression. Inside, tile flooring extends throughout the main level, where a spacious living area opens to the dining space and kitchen, making everyday living and entertaining effortless. The kitchen features maple cabinetry, crown molding, granite countertops, stainless steel appliances, a breakfast bar, and a generous walk-in pantry. Step outside to a spacious patio overlooking the fully fenced backyard with an irrigation system--ideal for weekend cookouts, outdoor entertaining, pets, or simply unwinding after a long day. Upstairs, the primary suite offers two generous closets, dual vanities, a jetted garden tub, and a separate shower. Additional bedrooms and a conveniently located upstairs laundry area complete the second level. Situated on a corner lot with a two-car garage, public water and sewer, and NO HOA, this home offers the convenience of an established neighborhood without the added association fees. From the military installations to Uptown Station, the harbor, and the sugar-white beaches, so much of the Emerald Coast lifestyle is within easy reach. Come discover the possibilities at 924 Tanager Road!

924 Tanager Road Ft, Fort Walton Beach
938 Claeven Circle Ft, Fort Walton Beach
$325,900
3 Beds ⋅ 2 Baths ⋅ 1013597 MLS
100% MOVE-IN READY grab it quick! 3 Beds 2.5 Baths • 1,600 Sq Ft 2-Car Garage Upgrades & Features: 2016 Metal Roof, 2016 AC, 2016 Hot Water Heater, New interior paint throughout; New fans and lights; New flooring - no carpet anywhere; New doors, knobs, and hinges; Updated kitchen with granite countertops; New Stainless-steel appliances; Fully cleaned and ready for immediate move-in; Fresh, modern, and durable - zero work needed on day one.

938 Claeven Circle Ft, Fort Walton Beach
112 Austin Ct, Mary Esther
$339,000
3 Beds ⋅ 2 Baths ⋅ 1013595 MLS
A well maintained 3 bedroom home with a beautiful in-ground swimming pool for family fun and entertaining surrounded with a privacy fenced back yard. The home features a split bedroom floor plan. The kitchen offers wood cabinets and a breakfast bar that adjoins the large open family room. This is a well built home and has been greatly cared for by the owners. The A/C was replaced in 2010, new garage door opener 2011. This is a turnkey home; with most of the furniture & lawn items being sold (all are negotiable). Square footage was taken from the Property Appraiser site.

112 Austin Ct, Mary Esther
909 Santa Rosa Blvd Unit 237, Fort Walton Beach
$425,000
2 Beds ⋅ 2 Baths ⋅ 1013588 MLS
Welcome to this beautifully remodeled condo on the Emerald Coast! Fully renovated in 2022. The open-concept kitchen is perfect for entertaining while neutral tones create a relaxing atmosphere. Enjoy the convenience of an in-unit laundry, two modern walk-in showers and new furniture added in 2024 completes the inviting interior. This condo offers the perfect blend of comfort, style, and convenience for enjoying all that the Emerald Coast has to offer! Enjoy an impressive array of amenities, including two swimming pools (one seasonally heated), tennis and pickleball courts, basketball courts, a fitness center, whirlpools, saunas, and meeting rooms. Conveniently located near unique shopping destinations, fine dining, and a variety of exciting water sports, El Matador is the perfect setting for a memorable beach getaway.

909 Santa Rosa Blvd Unit 237, Fort Walton Beach
885 Santa Rosa Blvd Unit Unit 203-C, Fort Walton Beach
$189,990
1 Beds ⋅ 1 Baths ⋅ 1013517 MLS
Imagine having your own place on Okaloosa Island - just steps from the sugar-white sand and emerald-green Gulf waters - for $189,990! This fully furnished, updated condo offers an exceptional opportunity for a personal beach getaway, second home, or short-term rental investment. Inside, you'll find luxury vinyl plank flooring, refreshed bathrooms with updated tile and vanities, updated lighting, newer kitchen appliances, and HVAC improvements. Step outside onto your private balcony and enjoy the coastal atmosphere, then take advantage of community amenities, including a pool, tennis courts, and BBQ and picnic areas. Located in the heart of Okaloosa Island, this condo offers convenient access to the beach, dining, entertainment, and everything the Emerald Coast has to offer. Fully furnished, move-in ready, and priced at just $189,990, this is a rare chance to enjoy the Okaloosa Island lifestyle at an incredible value.

885 Santa Rosa Blvd Unit Unit 203-C, Fort Walton Beach
214 Squirrel Haven Rd, Mary Esther
$440,000
4 Beds ⋅ 2 Baths ⋅ 1013499 MLS
Like new and beautifully maintained, just 2.6 miles to Hurlburt Field! Built in 2022, this 4 bedroom, 2 bath brick home offers 2,000+ square feet of comfortable living space designed for both everyday living and entertaining. The inviting open floor plan brings the kitchen and living areas together, creating a welcoming space to gather with family and friends. High ceilings, tray ceiling details, crown molding, and luxury vinyl plank flooring throughout add to the home's appeal, while the kitchen features granite countertops, white cabinetry, and plenty of space to cook and entertain. The split bedroom floor plan provides added privacy and flexibility for guests, a home office, or growing households. Step outside to the covered back porch, an ideal spot for morning coffee, evening relaxation, or weekend gatherings overlooking the fully privacy fenced backyard. With room for pets, play, and outdoor enjoyment, this space is ready to be enjoyed! An attached two car garage adds everyday convenience and storage. Ideally located in Mary Esther near Hurlburt Field, shopping, dining, and the beautiful Emerald Coast beaches, this move-in-ready home combines the comfort of newer construction with a convenient coastal lifestyle. Enjoy the feel of a new home without the wait!

214 Squirrel Haven Rd, Mary Esther
412 Nw Sea Rover Ln Unit B, Fort Walton Beach
$215,000
2 Beds ⋅ 2 Baths ⋅ 1013254 MLS
Welcome home to this charming 2-bedroom, 1.5-bathroom townhome tucked away two streets behind Hollywood Blvd. Conveniently located a short distance from Ft Walton Beach High School and EdwinS Elementary School. Have peace of mind knowing the roof is 2020, Rheem HVAC system 2020, Rheem 40 gallon 2021 water heater. Washer & dryer convey. Inside, you'll find LVP flooring, a functional floor plan, large kitchen with ample freshly painted cabinets, 2025 stainless steel appliances and indoor laundry room. Step outside to your private patio with a newly fenced backyard. There's plenty of room for a pet, grilling and relaxing outdoors. Bonus: NO HOA.

412 Nw Sea Rover Ln Unit B, Fort Walton Beach
2533 Georgetown Ln, Fort Walton Beach
$225,000
3 Beds ⋅ 3 Baths ⋅ 1013491 MLS
This house is sold 'As Is' The kitchen needs new cabinets and some appliances, the A/C unit needs replacement and some flooring. Master bedroom doitnstairs, eat- in kitchen with Bay window. Located at the end of the cul-de-sac with fenced yard.

2533 Georgetown Ln, Fort Walton Beach
950 Pacific Silver Ct, Fort Walton Beach
$345,000
3 Beds ⋅ 3 Baths ⋅ 1012936 MLS
5.625% VA INTEREST RATE! Welcome to 950 Pacific Silver Court, where location, value, and move in ready all come together! Priced at just $345,000, this 3 bedroom, 2.5 bathroom home puts you right in the heart of Fort Walton Beach, just minutes from Hurlburt Field, Eglin AFB, the beautiful white sand beaches, shopping, restaurants, and everyday conveniences. Walmart and Lowe's are even just around the corner! Step inside to a spacious and inviting floor plan with plenty of room to spread out. One of the best features is the primary suite located on the first floor, while two additional bedrooms and a full bathroom are upstairs. Brand new carpet was just installed, giving the home a fresh start for its new owners. The living room, dining area, kitchen, and Florida room flow together nicely, creating a great setup for everyday living and entertaining. Outside, the fenced backyard offers a covered patio, deck, and plenty of space to relax, grill, let the pets play, or enjoy Florida evenings. You will also love the convenience of the two car garage and the washer and dryer convey with the home. Major updates include a roof replaced in 2020 and a brand new water heater in 2026. HVAC is 2014. Three bedrooms, 2.5 bathrooms, a downstairs primary suite, two car garage, fresh carpet, fenced backyard, and an incredibly convenient Fort Walton Beach location, all for under $350,000! This one offers a whole lot of home for the price. Come see it for yourself!

950 Pacific Silver Ct, Fort Walton Beach
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