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$1,949,000
↓ $30K (1.5%)
● House - For Sale

423 Caviar Drive

Fort Walton Beach, FL 32548
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,208 Ft²
$10,608
Est. Monthly

About This Property

Stunning Newly Renovated Waterfront Coastal Retreat, Just Moments from the Beach!  Welcome to your slice of paradise, a beautifully reimagined 5-bed/4-full bath, single-family home spanning over 3200sf of sophisticated living space on a .32-acre lot with 100' waterfront in the highly desirable Okaloosa Island area.  This 1971 built home has been completely transformed with high-end renovations throughout, blending timeless coastal charm with contemporary luxury. Step inside to discover an open-concept floor plan bathed in natural light, featuring brand-new large format porcelain tile flooring, fresh neutral paint, smooth modern ceilings and trim, and elegant recessed lighting that creates an inviting, airy atmosphere perfect for relaxed Florida living or entertaining.  The gourmet kitchen is a chef's dream, boasting quartz countertops, matching solid quartz backsplash, stainless steel appliances, a large waterfall center island with breakfast bar seating, custom soft-close cabinetry, ideal for preparing meals while staying connected to family and guests in the adjoining living and dining areas.  The Waterfront Dining Room is perfect for entertaining. This space boasts the ability to seat 30 guests at one time, with a custom-made natural wood dining table. The wet bar sits on one side of the room with antique glass backsplash, an icemaker, and large wine cooler, while the adjacent side has a custom banquet booth for additional seating.  All 5 generous bedrooms offer ample space and comfort with access to the pool from every bedroom. The primary suite provides a peaceful retreat complete with a spa-like en-suite bathroom featuring modern fixtures, a walk-in shower, luxurious soaking tub, dual vanities, and plenty of storage. A newly built guest suite with its own private bathroom. Two bedrooms that share newly renovated jack and jill bathroom have been fully updated with contemporary tile work, new vanities, and high-efficiency fixtures.  Additional highlights include:
·Brand-new roof, HVAC system, plumbing, and electrical updates for peace of mind.  ·Brand new extra deep Double Car Garage for two large cars and more storage.  ·Expansive living areas with flexible bonus spaces (perfect for a home office, media room, or guest suite potential).  ·Large, fenced backyard with a pool, and outdoor teak dining and lounging areas for endless coastal entertaining.  ·Ample parking and storage options.  ·No HOA restrictions in this sought-after neighborhood.  Location is everything here - you're just a short 3 min stroll (500 ft.) from the sugar-white sands and emerald waters of the Gulf of Mexico. Enjoy full Choctawhatchee Bay access with a deep-water dock with both boat & wave runner lifts. Just out the backdoor you will have access to the Florida Intercoastal Waterway, Crab Island and the Gulf of Mexico, for fishing, water sports, and the vibrant dining/shopping scene of Fort Walton Beach and Destin. This prime spot offers the best of Emerald Coast living; beach proximity without the high-rise condo fees!  Whether you're seeking a primary residence, vacation getaway, or smart investment property in one of Florida's most coveted coastal markets, this turnkey renovated beauty is move-in ready and waiting for its new owners.  Don't miss this rare opportunity - schedule your private showing today and start living the beach life you've always dreamed of!
Unit Size
3,208 Ft²
Days on Market
157 days
Land Size
0.32 acres
Price per sqft
$608
Property Type
House
Property Taxes
$1,037
HOA Dues
-
Year Built
1971

Listed By

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Last updated: 2 months ago (ECAR #995651)

Price History

Date / Event Date Event Price
Aug 19, 2026 Price Decreased $1,949,000
↓ $30K (1.5%)
Price Decreased
Aug 8, 2026 Price Decreased $1,979,000
↓ $10K (0.5%)
Price Decreased
Jul 17, 2026 Price Decreased $1,989,000
↓ $10K (0.5%)
Price Decreased
Jun 4, 2026 Relisted $1,999,000
Relisted
Apr 25, 2026 In contract -
In contract
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Property Highlights

Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Parking Features: Oversized
Garage Spaces: 2
Interior Details
Full Bathrooms: 4
Interior Features: Breakfast Bar, Kitchen Island, Wet Bar, Fireplace 2+, Lighting Recessed
Appliances: Dishwasher, Microwave, Range Hood, Refrigerator, Wine Refrigerator, Oven Double, Stove/Oven Gas
Flooring Type: Floor Tile
Rooms: 8
Exterior Details
Square Footage: 3208
Property Condition: Construction Complete
Architectural Style: Contemporary
Year Built: 1971
Waterfront Features: Intracoastal Wtrwy, Sound
Building Area Total: 3208
Construction Materials: Brick, Siding Wood
Patio and Porch Features: Patio
Pool Features: Pool - In-Ground, Pool Type
Pool is Private
Lot Features: Bulkhead/Seawall, Within 1/2 Mile to Water
Lot Size Area: 0.32
Lot Size Units: Acres
Lot Size Acres: 0.32
Lot Size Square Feet: 13939.2
Lot Size Dimensions: 94 X 170 X 94 X 170
Water Source: Public
Financial Details
Tax Annual Amount: $12,445
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 756
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 14,112
  • Lot Size Frontage Feet: 930
  • Total Building Area: 3,503
  • Gross Building Area: 3,503
  • Building Area: 3,208
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,208
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANTA ROSA ISLAND
  • Land Acres: 0000000324
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SANTA ROSA ISLAND LOT 150 BLK 4

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023200

Geography

  • Assessors Map Reference: 18
  • Parcel: 00-2S-24-2185-0004-0150
  • Block: 4
  • Lot: 150
  • Municipality: OKALOOSA ISLAND FIRE
  • Latitude: 30.3985
  • Longitude: -86.6096

    Address

  • Full Address: 423 Caviar Dr
  • Address - House Number: 423
  • Address - Street Name: Caviar
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Fort Walton Beach
  • Carrier Code: C017
  • 4-Digit Zip Code: 6940
  • Zip Code: 32548

Valuation

    Tax

  • Total Area: 3,297
  • Tax Year: 2023
  • Tax Amount: $1,119,852
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: 013

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 991,640
  • High Value: 1,168,403
  • Low Value: 814,878

    Market Valuation

  • Market Total Value: $840,086
  • Market Land Value: $435,772
  • Market Improvement Value: $404,314

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $840,086
  • Assessed Land Value: $435,772
  • Assessed Improvements Value: $404,314

    Sales

  • Current Sale Contract Date: Dec 09, 2022
  • Current Sale Recording Date: Dec 21, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3597269
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Santa Rosa Island


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Frequently Asked Questions

When was property at 423 Caviar Drive built and last sold?
The property at 423 Caviar Drive was built in 1971 and last sold on Dec 9, 2022 for $247,000.
How much is this home worth?
The estimated value of the home located at 423 Caviar Drive is $1,968,490.
What are some comparable homes to 423 Caviar Drive?
There are currently no comparable homes to 423 Caviar Drive.