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901 Lighthouse Road
About This Property
Tucked inside the upscale gated waterfront enclave of Lighthouse Pointe -- comprised of just 15 prime waterfront homesites -- 901 Lighthouse Road presents a rare opportunity to secure private coastal living just in time for boating season. Now beautifully refreshed and thoughtfully upgraded, this move-in-ready residence blends luxury, comfort, and peace of mind. Recent improvements include Hardiboard siding on the southern exterior wall (2023), fresh interior paint and kitchen cabinetry refinished in a crisp white (late 2025), luxury vinyl plank flooring throughout the main living areas, and three remodeled bathrooms (2015). Major mechanical updates include a tankless gas water heater, and a second HVAC system added in 2018 to provide independent climate control for both upper and lower levels. Rear sliding doors leading out to both decks were replaced in 2017, enhancing energy efficiency and seamless indoor-outdoor flow. Together with a metal roof, well-maintained stucco siding, a rebuilt dock in 2020, and a thorough recent spring glow up, you'll be ready to move-in!
Designed to embrace the Emerald Coast lifestyle, the expansive open-concept main living level is filled with natural light, 10-foot ceilings on the main level, and generous entertaining spaces ideal for sunset gatherings after a day on the water. The oversized kitchen is truly a showpiece, featuring commercial-grade stainless Viking gas range, wall oven and microwave, $13K Sub-Zero refrigerator, Bosch dishwasher, expansive granite surfaces, recessed and under-cabinet lighting, separate pantry, home organization station, and an oversized island with seating -- all framed by sweeping waterfront views. Natural wood shiplap accents add warmth while maintaining a refined coastal aesthetic. All the bedrooms are thoughtfully positioned upstairs, creating ideal separation between entertaining and private retreat spaces. The oversized primary suite is a sanctuary overlooking the water, complete with private balcony access, spa-inspired bath featuring a freestanding soaking tub, rain-head walk-in shower, custom vanity, and fully built-out walk-in closet. A spacious sitting area and dedicated desk nook offer flexibility for relaxation or remote work with serene bayou views. Secondary bedrooms are generously sized -- one large enough to accommodate multiple queen beds and bunks -- ideal for hosting family and guests.
Outdoor living is where this property continues to stand apart. The expansive yard -- the largest in Lighthouse Pointe -- offers the rare combination of private dock access, boatlift, and usable green space. Enjoy sunrises from the upper balcony, alfresco dining beneath the covered patio, convenient outdoor shower after beach days, and an oversized two-car integral garage with ample storage for boating and beach equipment, and long driveway.
Positioned just off Eglin Parkway at the foot of the Shalimar bridge on Garnier's Bayou, this home offers the rare combination of gated privacy, direct water access, and true in-town convenience -- centrally located between Eglin AFB and Hurlburt Field, with beaches, dining, medical facilities, shopping, and Destin-Fort Walton Beach Airport just minutes away. No long commutes anywhere!
Now reintroduced to the market for the spring and summer season, 901 Lighthouse Road represents compelling value within one of Fort Walton Beach's most intimate and desirable waterfront neighborhoods. Prior appraisal (2023) at $1.1M available upon request.
This is Emerald Coast waterfront living at its best-- REFRESHED, REFINED, and READY!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2026 | Sold | ||
| Sold | |||
| May 4, 2026 | In contract | - | |
| In contract | |||
| Feb 23, 2026 | Listed by Compass | $895,000 | |
| Listed by Compass | |||
| Jul 23, 2025 | Price Decreased |
$925,000
↓ $50K
(5.1%) | |
| Price Decreased | |||
| May 6, 2025 | Price Decreased |
$975,000
↓ $24K
(2.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017