98 and 114 Skipper Avenue, Fort Walton Beach, FL 32547 (MLS# 990451)

98 and 114 Skipper Avenue, Fort Walton Beach, FL 32547

$890,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 44,431 Status: Active

Current Price: $890,000 List Date: 11/28/2025 Last Modified: 9/23/2026

Overview

Description

Seize a high-density development opportunity ideally situated off Racetrack Rd in Fort Walton Beach. This 1.02-acre property falls within the Urban Development Area Boundary (UDAB), a designation in Okaloosa County that provides regulatory benefits for urban growth. The site comprises two adjacent parcels with an impressive 499 feet of combined road frontage - 327' on Skipper Ave and 172' on Katherine Street. Developing inside the UDAB allows you to maximize density and height with potential for up to 25 units (subject to final county approval), as well as benefitting from relaxed setback requirements, expedited development approval and potential tax benefits. An occupied duplex exists on the south end of the property on Skipper. May be razed or utilized for interim income.

Supplements: Buyer to verify lot dimensions.

Listing Details MLS# 990451

Contract Info

GCCMLS Number: 43925809
Listing Board: Emerald Coast

Location Tax and Legal

Area: 12 - Fort Walton Beach
Street #: 98 and 114
Street Name: Skipper
Street Suffix: Avenue
State: FL
Zip Code: 32547
County: Okaloosa
Parcel ID: 01-2S-24-1120-0010-0010

General Property Info

Listed on GCCMLS: No
Vacant: No
Immediate Occupancy: Yes
Acreage: 1.02
Lot SqFt: 44431
Lot Frontage: 682
Zoning: MU

Multi-Family

# of Units: 25

More Information

Property Features

Class: Multi-Family Construction Status: N/A; Proposed

Listing Office: RE/MAX Coastal Properties

Listing Agent: Ed & Terri Smith

Last Updated: September - 23 - 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.