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602 Cinco Terrace Lane, Fort Walton Beach, FL 32547 (MLS# 1003220)

602 Cinco Terrace Lane, Fort Walton Beach, FL 32547

$900,000
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,989 Lot Size (sq. ft.): 11,326 Status: Active
Current Price: $900,000 List Date: 5/15/2026 Last Modified: 5/30/2026

Description

602 Cinco Terrace presents a rare waterfront opportunity with approximately 122 feet of protected bayou frontage while sitting well above the waterline, helping keep flood insurance costs significantly lower than many comparable waterfront properties.

Supplements: The home offers exceptional expansion potential with approximately 1,000 additional square feet ready to be incorporated into the existing footprint. A previously constructed and framed staircase location is already in place to seamlessly connect the upstairs living area to the unfinished lower level, creating a blank canvas for additional living space, guest quarters, an entertainment area, workshop, or custom design. Plumbing infrastructure for a future bathroom has already been planned with a drain line installed beneath the slab, simplifying future improvements without the need to disturb the concrete. Inside, the home blends original character with modern updates. Fresh interior paint, updated lighting, and new luxury vinyl plank flooring throughout the living spaces, hallways, and bedrooms create a clean, contemporary feel while complementing the home's natural architectural features. Rich wood tones and stylish color-drenched interiors bring warmth and cohesion throughout the living spaces, creating an inviting waterfront atmosphere with timeless appeal. Popcorn ceilings were also removed throughout the home and garage in 2026, further enhancing the updated presentation. Beyond the cosmetic improvements, the property has undergone substantial functional upgrades focused on durability, efficiency, and long-term peace of mind. Hurricane shutters were added to the windows, while the original asphalt roof was replaced with a metal shingle roofing system designed for longevity and enhanced weather resistance. In 2025, all exterior doors were upgraded to hurricane-rated doors with warranty documentation available. The kitchen was also refreshed with a full suite of Bosch appliances, pairing modern performance with the home's cohesive design aesthetic. Additional improvements include professionally cleaned and resealed grout in the bathrooms, kitchen, breakfast area, and office, along with updated ceiling fans and fixtures throughout the home. Outdoor living was thoughtfully expanded to maximize the waterfront setting. The upper deck and lower concrete patio were widened to create more usable entertaining space, while a screened room was added to the upper deck to provide a comfortable year-round outdoor retreat overlooking the bayou. The lower level was further enhanced with expanded concrete flooring supported by CMU retaining walls, adding flexibility for storage, workshop space, hobbies, or future buildout potential. A dedicated photography darkroom also adds a unique creative element rarely found in comparable properties. The mature landscaping creates a layered waterfront setting that blends native Florida vegetation with ornamental and edible plantings. Established live oaks, palms, palmettos, pine trees, ferns, agave, and American beautyberry provide natural texture and privacy throughout the grounds. Flowering additions including crepe myrtle, hydrangea, Rose of Sharon, fringe flower, amaryllis, caladium, fatsia, and crinum lilies introduce seasonal color and depth to the outdoor environment, while edible plantings such as banana trees, kumquat, fig, olive, and ginger further enhance the property's coastal garden atmosphere. A landscape irrigation system supports the grounds, and the home has also been converted from septic to county water and sewer for added convenience and reliability. Positioned in Fort Walton Beach, the property offers convenient access to both Hurlburt Field and Eglin Air Force Base, making daily commutes efficient for active-duty military personnel, contractors, and civilian employees alike. White-sand Gulf beaches, waterfront dining, marinas, and the broader Emerald Coast lifestyle are all within close reach, allowing the property to balance privacy and waterfront living with accessibility to the area's most sought-after amenities. 602 Cinco Terrace delivers a compelling combination of protected waterfront frontage, elevation advantages, meaningful structural upgrades, future expansion flexibility, and a location that continues to remain highly desirable along the Emerald Coast. Buyers looking for a property that offers both immediate enjoyment and long-term potential will recognize the value, versatility, and lifestyle this waterfront home provides from the moment they arrive

Open Houses

Saturday, May 30, 8:00 am - 11:30 am

More Information MLS# 1003220

General Property Info

userdefined76: 2 Sub-Type: Detached Single Family Design: Ranch SqFt Source: County PA Records Immediate Occupancy: Yes Garage: Yes Carport: No Driveway Spaces: 2 Pool: No Pool Type: None Apx SqFt(Htd/Cooled): 1989 Bedrooms: 4 Full Baths: 2 Half Baths: 1 Total Bathrooms: 3 # Stories: 1 Year Built: 1980 Garage Spaces: 2 Acreage: 0.26

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 452.49 List Date: 2026-05-15 Current Price: $900,000 List Price: $900,000

Location, Tax and Legal

Sub Area: 1206 - Ocean City Elementary School: Wright Middle School: Bruner High School: Fort Walton Beach Legal Description: Beg 896 Ft S And 155.12 Ft E Of Nw Cor Sec Sly Al Curve 63.91 Ft Sely To W/E Wly Al W/E 122 Ft M/L Nwly 168 Ft To Pob 978-569

Listing Info, Tax & Legal

Homestead: No Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 4262.66 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: No

Remarks & Misc

Remarks: 602 Cinco Terrace presents a rare waterfront opportunity with approximately 122 feet of protected bayou frontage while sitting well above the waterline, helping keep flood insurance costs significantly lower than many comparable waterfront properties.

Waterfront

Bayou: 1 Waterfront Feet: 122

Construction Status

Construction Complete: 1

Parking Features

Garage Attached: 1

Waterview

Bayou: 1

Lot/Parcel Access

Private Road: 1

Lot Features

Cul-De-Sac: 1 Flood Insurance Req: 1 Interior: 1 Level: 1

Construction/Siding

Brick: 1 Roof Metal: 1 Slab: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1

Zoning

Resid Single Family: 1

Exterior

Balcony: 1 Columns: 1 Deck Open: 1 Hurricane Shutters: 1 Lawn Pump: 1 Patio Enclosed: 1 Rain Gutter: 1

Interior

Basement Unfinished: 1 Breakfast Bar: 1 Ceiling Beamed: 1 Ceiling Vaulted: 1 Fireplace: 1 Floor Tile: 1 Floor Vinyl: 1 Furnished - None: 1 Newly Painted: 1 Pantry: 1 Washer/Dryer Hookup: 1

Financing

Conventional: 1 FHA: 1 VA: 1

Appliances

Auto Garage Door Opn: 1 Central Vacuum: 1 Dishwasher: 1 Microwave: 1 Range Hood: 1 Refrigerator W/IceMk: 1 Stove/Oven Electric: 1

Energy

AC - Central Elect: 1 Ceiling Fans: 1 Double Pane Windows: 1 Heat Cntrl Electric: 1 Tinted Windows: 1 Water Heater - Elect: 1

Mstr Bdrm/Mstr Bath

MBath Double Vanity: 1 MBath Shower Only: 1 MBath Tile: 1 MBath Walk-In Closet: 1 MBed Balcony: 1 MBed Waterfront: 1

Master Bedroom

First: 1

Bedroom

First: 1

Kitchen

First: 1

Living Room

First: 1

Full Bathroom

First: 1

Half Bathroom

First: 1

Rooms

Bedroom: 1 Bonus Room: 1 Darkroom: 1 Dining Area: 1 Full Bathroom: 1 Garage: 1 Half Bathroom: 1 Kitchen: 1 Living Room: 1 Master Bathroom: 1 Master Bedroom: 1 Other: 1 Screened Porch: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 12 - Fort Walton Beach Street #: 602 Street Name: Cinco Terrace Street Suffix: Lane State: FL Zip Code: 32547 County: Okaloosa Project Name/Subdivision: Meets and Bounds Parcel ID: 11-2S-24-0000-0015-0020

Property Features

Construction Status: Construction Complete Lot Features: Cul-De-Sac; Flood Insurance Req; Interior; Level Zoning: Resid Single Family Waterfront: Bayou Waterview: Bayou Parking Features: Garage Attached Exterior: Balcony; Columns; Deck Open; Hurricane Shutters; Lawn Pump; Patio Enclosed; Rain Gutter Interior: Basement Unfinished; Breakfast Bar; Ceiling Beamed; Ceiling Vaulted; Fireplace; Floor Tile; Floor Vinyl; Furnished - None; Newly Painted; Pantry; Washer/Dryer Hookup Appliances: Auto Garage Door Opn; Central Vacuum; Dishwasher; Microwave; Range Hood; Refrigerator W/IceMk; Stove/Oven Electric Utilities: Electric; Public Sewer; Public Water Energy: AC - Central Elect; Ceiling Fans; Double Pane Windows; Heat Cntrl Electric; Tinted Windows; Water Heater - Elect Master Bedroom: First Bedroom: First Kitchen: First Living Room: First Full Bathroom: First Half Bathroom: First Rooms: Bedroom; Bonus Room; Darkroom; Dining Area; Full Bathroom; Garage; Half Bathroom; Kitchen; Living Room; Master Bathroom; Master Bedroom; Other; Screened Porch Financing: Conventional; FHA; VA

Room Information

Kitchen Level: First Dimensions: 21.5 x 10.6 Length: 21.50 Width: 10.60 Dimensions: 21.5 x 10.6 Dining Area Level: First Dimensions: 12.4 x 11.7 Length: 12.40 Width: 11.70 Dimensions: 12.4 x 11.7 Living Room Level: First Dimensions: 24.9 x 16 Length: 24.90 Width: 16.00 Dimensions: 24.9 x 16 Master Bedroom Level: First Dimensions: 14.7 x 12.4 Length: 14.70 Width: 12.40 Dimensions: 14.7 x 12.4 Master Bathroom Level: First Dimensions: 12.7 x 6.3 Length: 12.70 Width: 6.30 Dimensions: 12.7 x 6.3 Bedroom Level: First Dimensions: 11.4 x 9.9 Length: 11.40 Width: 9.90 Dimensions: 11.4 x 9.9 Bedroom Level: First Dimensions: 15.11 x 12.4 Length: 15.11 Width: 12.40 Dimensions: 15.11 x 12.4 Full Bathroom Level: First Dimensions: 12.3 x 4.11 Length: 12.30 Width: 4.11 Dimensions: 12.3 x 4.11 Half Bathroom Level: First Dimensions: 4.5 x 4.4 Length: 4.50 Width: 4.40 Dimensions: 4.5 x 4.4 Darkroom Level: First Dimensions: 10.9 x 6.7 Length: 10.90 Width: 6.70 Dimensions: 10.9 x 6.7 Bonus Room Level: First Dimensions: 11.5 x 10.8 Length: 11.50 Width: 10.80 Dimensions: 11.5 x 10.8 Screened Porch Level: First Dimensions: 20.4 x 11.11 Length: 20.40 Width: 11.11 Dimensions: 20.4 x 11.11 Other Level: First Dimensions: 12.11 x 48.9 Length: 12.11 Width: 48.90 Remarks: 18x16.7 Basement area Dimensions: 12.11 x 48.9 Garage Level: First Dimensions: 23 x 21 Length: 23.00 Width: 21.00 Dimensions: 23 x 21
Listing Office: Keller Williams Realty FWB
Listing Agent: Paul A Domenech
Last Updated: May - 30 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.